 Capital gains verses regular income? |
| How much more money could the goverment generate if capital gains income (excluding that which is tax exempt) were taxed the same as regular income?... |
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 Do i claim head of household or single? |
I am not married I do have a 7 month old son but I live with my boyfriend and his parents. We do pay rent. I am claiming my son, do i qualify?
Additional Details
smiley face boxer: i do ... |
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 WHAT DO YOU THINK OF MPs £22,000 2ND HOME ALLOWANCE EVERY YEAR?HOW CAN THEY JUSTIFY THEIR CLAIM TO IT? |
| Theres been a lot of talk about a list of 38 items of household goods & equipment they can claim yearly, 2 of which are a new kitchen at a cost of £10,000, & central heating costing £6-£70... |
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 Free efiling? |
Hi,
Iam mark
I want to submit my tax returns through electronic filing, and i heard that i can save more money while submiting e-filing. when i started my search for this i found a offer ... |
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 Annual holiday entitlement? |
| I am currently working 34.35 hours per week and have been doing this amount fot the past year, i am alllowed 19 days of holiday each year, is this correct, i thought it was more like 21? Ive been ... |
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 Should garnishments be taken out before or after your gross income is taxed? |
I'm just curious if a garnishment should be taken out before or after I get taxed on my paycheck? Any thoughts? thanks
Additional Details
My garnishment is not based on my pay. It ... |
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 Tax question....dont worry it is not that boring....go ahead and answer it....? |
| How come I had a friend go to H&R block and they told him that he owed $200 dollars for the year. He didnt like that answer so he went to someone called "the tax doctor" and he ended ... |
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| I saw on the IRS site, that they will make a search on tax stimulus rebate status.... |
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| I'm afraid I will have to pay bills with mine because of the faultering economy. So much for economic stimulation.... |
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 Child support question? |
| My daughter will be 2 in June. Since she has been born I've received maybe 5 months of child support. So I am owed almost $5,000 according to the courts. My ex is saying they might give me his ... |
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 Benefits advice? |
| Hi I really need some help, has anyone been in this situation? I lost my job in March and applied for Income Support on 2nd April. While I was at the Jobcentre the lady contacted the Tax credits ... |
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 Income tax? |
| I filed my income tax for 2007,I filed for myself and my girlfriends 2 kids as as head of house hold. I address is at my grandmothers house. I got a letter saying that 2,192.00 is frozen. I need ... |
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 Why should tenants pay the Council Tax in UK?Why is the property owner not paying it?Do they pay any Tax? |
| I have nothing against the home owners,but I think that is unfair? If someone is renting a flat or house, means doesn't have house or money to buy one? The tenants usually are poor, and on top ... |
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 Is a 6.5 pounds per hour salary be enough to live in uk? |
| will it be enough to cover my expenses per month on housing food, etc? and can i save some for myself?... |
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 How to avoid taxes on gift money? |
| my aunt wants to help me out financially, but does not want me or herslf to be stuck paying some kind of taxes, is there a creative way we she can give me money without ether one of us getting hit ... |
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Question Everything | Hypothetically, If I was a rancher and one of my cows gets eaten by a wolf, Can I deduct the cow on my taxes? |
My girlfriend and I were talking about the wolves and their reintroduction and the effect on ranchers. Just curious |
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Farm bred, grain fed, all natural
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If you have insurance on your cattle, you may be able to place a claim to cover the loss with the insurance company, and anything not covered by the insurance company could be claimed as a loss on your taxes. You would have to be able to prove that the cow was killed by the wolves and was not simply eaten after she died of other causes. We had the same problem with sheep a few years back. In 2 nights, wild dogs decimated half of our flock. Since they weren't insured, we received no compensation at all. |
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kohalakoast
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Your question assumes there is a ranching business versus having a pet cow. As such I can agree there is a deductible loss whether dead from natural causes or death by ingestion IF you have a basis in the cow. In other words you would have a loss if you paid something for the animal.
On the other hand if it one of your bulls and another cow got together and produced the heifer and you raised it, deducting feed and vet bills along the way, there is no basis in the animal. Sure it cost you money up until its demise but if there is no basis in the animal, there is no loss to deduct.
I defer to the others on insurance |
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Byron M
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It would reduce your overall tax liability by reducing your income as a business loss. You wouldn't deduct the cow on your taxes you would just reduce your income by the cost of the loss and any fees associated around it (such as disposal, more watch dogs, hunting of predators and what not). |
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John Stamos
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I bet you could in one way or another... You bought 5 cows for $2500 dollars and sold 4 of them 2 years later for $3000 (because they are bigger and better, but one got eaten by a wolf).
You would have to claim the $500 as income, but could deduct all the cost associated with making that income. Not only would you be able to deduct the cost of feeding and maintaining the cows (shots, vaccinations, etc.), and labor to help you take care of the cows (your investment) but you could also deduct the cost of rifles, ammunition for the rifles and lights to see the wolves. |
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Doodie
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Yes, but only the percenage eaten. Any left overs would be down to you... |
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kent j
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It is ironic that the animal loving facist are so concerned to return things to 'the way things were' at the expense of people trying to provide for their families.
Watch out.. these radicals are getting stronger and crazier.
did anyone here know animal rights activists are second on the list of dangerous terrorists?
hmmmm.. anyone know that? |
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lifesajoy
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I would think you could. Take a picture of the carcas to attach to prove your loss. |
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Kutekymmee
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it doesnt matter if the cow was eaten, died from natural causes, or got hit by a car. you can deduct it either way as a business loss. |
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tain
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Yes, it is a cost of business. |
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MyNameIsMofuga
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Only if you counted the cow as a dependent. |
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