How does one avoid taxes on large amounts of money? |
all 100% of it. On earned income, not gift or inheritance
...Via Mutual funds?
...Bonds?
...Real Estate?
...Foreign Bank accounts?
...Expatriate to another nation
IRS ... |
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IS IT TRUE, NO INCOME TAXES RETURNS FOR 2009? |
| I DON'T KNOW IF THIS IS JUST A RUMOR, BUT I HEARD THAT THEY'RE CUTTING THE STATE (CALIFORNIA) TAXES FOR THIS YEAR AND THAT WE'RE ONLY RECEIVING THE FEDERAL RETURN FUNDS. I HEARD THAT IT... |
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Should there be some kind of tax penalty for US companies that outsource? |
I would be especially interested in hearing from economists if this is even feasible. Additional Details Probably it's not honest to say that it's OK to let the market ... |
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Tax returns and tax refunds? |
I asked a question before about returns, if I had to file them, and everyone said yes. I got the form sent to me today.
How do I figure out how much money I should receive back in refunds?
I... |
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Tax write off question? |
| I'm thinking of donating about seventy items of nice clothing. How do I figure out how it will affect my taxes? I mean how much will it actually matter, money wise? I guess I don't get ... |
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Are child care costs tax deductible? |
| Costs associated with a Nanny/baby ... |
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In light of the stupid cost of petrol, answer me this!? |
What would happen if:
a) you filled up, then drove off without paying
b) if it was say 104.9p per litre and you went into the kiosk and said "this price is unfair, I shall ... |
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What happens if a 17 year old person doesnt fill out taxes? |
Additional Details Made less than 5000 a year, will it affect his record or will there be some penalties b/c he didnt fill out taxes for 2006?... |
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Help Please!? |
| Your Company’s first year of operations was 2004. Its December 31 2004 published balance sheet included total assets of $80,000. This amount was composed of total current assets of $20,000, and ... |
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Income tax: Do I have to get a W-2 for 1 day of unupaid work? |
| I worked 1 and a quarter of a day at a company. They deducted the cost of my hardhat, gloves, tools, etc. from my first paycheck. The cost of my physical/drug test was also deducted when I decided to ... |
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On a W-4 form for work, if you are single, do you claim 0 exemptions or 1 exemption for yourself? |
| My son is divorced with one child. The mother gets to claim the child on her taxes. So, on a W-4 form, does he claim 0 exemptions or 1 exemption for himself?... |
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Exemptions, Withholdings, Deductions..? |
| I'm loosing my mind. Everyone keeps saying that if you claim "0" on your w-4 form you will have more withholdings taken out of your check. Doesn't this make you "exempt" ... |
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joestmc | I've hired a company to maintain the landscaping in my yard. Is this work tax deductible? |
Additional Details Though I work full-time (from home), I also freelance and teach a few classes a year at a university......I do expense portions of my rent and utilities for my 'home-business'.
Does that help make my case?
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PepsiLime
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No, because your yard has nothing to do with your office in home. You can try deducting it on your taxes, but if the IRS questions it, you really wouldn't have a tax leg to stand on. As far as your rent and utilities go, you have to pay rent for the home office room as well as the rest of the rooms of your place, and need to have utilities for your place, but the landscaping would have nothing really to do with your home business. |
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StephanieS
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do you have a home-based business? if yes, then maybe. |
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Martin S
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Only if you make money from it and their service is part of your expenses to make money. For instance, if you had people pay you 5 dollars to walk through your yard because its so nice, then you could deduct the landscaping because you paid that money out to make the 5 dollars. Makes sense? |
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Judy1
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Your personal residence? No, not deductible.
If you can make the case to the IRS that the landscaping maintenance is required for your business to make money, you might be able to take a portion of it, the percentage of your home that you claim for home office expense. But you could be looking for trouble by doing so. And from your description, YOU work from home but you don't say anything about meeting clients there regularly, so it's not likely to fly. |
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bostonianinmo
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Normally that would not be viewed as a legitimate business expense for the production of income as it relates to a home office.
If you had a regular business premises in a commercially zoned district then any landscaping costs would be deductible. |
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C.C
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Not unless you need it done for health/business reasons |
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Wendy Jean
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Business expense, yes.
Personal expense, NO
Up dated Answer: See above - Personal expense NO |
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Kryp2knight
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No, it is not. |
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idont_giveafuk
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I need more info. But, if this is just your house, then no, it's a personal expense/loss and is not deductible.
Do you have a business out of your house, is your house required to look nice for some reason, for instance, if your house was the display model for your contracting business, then in that case you could deduct the expenses on your Schedule C, Corporate return or whatever type of business entity you have. |
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Mary D
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Sorry no it's not! Unless you entertain in your yard biz folk |
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