 inheritance question? |
If an individual is the beneficiary of stocks totaling 460,000 will s/he have to pay taxes (either inheritance or estate) upon receipt of the money after the family member dies?
thanks!
A... |
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 Can I get Tax Return? I'm a Delivery Driver at Pizza Hut and a non - citizen? |
| I use my own car and my own fuel they I have no hourly rate they just give me $5 per delivery.... |
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 Need tax advice: 2008 was a rough year for me and I did not file taxes. Without giving excuses I would like? |
resolve this issue asap. I have gotten a letter from the IRS stating :
he Department has received your wage (W2) information and has no record of your NC individual income tax return for the tax ... |
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 I work for myself and pay in my taxes. The company I was went with under. Can I draw unemployment? |
| I get a 1099 at the end of year from any of the business that I work for (from my home office. This last business I was with for 3 years and they ran out of money. Can I draw unemployment too?... |
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 How does donation affect my tax refund? |
| I want to get rid of my car and few of the companies that give cash for cars told me that they can give me $500 deduction on my taxes. does this mean that If I have to pay e.g $1300 as tax, and if I ... |
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 What is the 'baby element of the child tax credit'? |
What exactly is the 'baby element' of the child tax credit that will be scrapped by 2011/12?
Additional Details
so does that mean you wont be able to get tax credits for your ... |
|
 Is it me or has this been a bit of shite year so far for the UK? |
| Let me see ........ cannibal killer , botched election bullshit government , derek bird , world cup germany defeat 4-1 or was it 4-2 ? Even our goals are so crap they dont count , oh and the deficit ... |
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 Interest & principal deduction on second home loan? |
I have browsed through the web and I know it is possible to claim principal and interest for the second home. The caveat being that I need to show actual or notional rent from the second home.
<... |
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 CAN I CLAIM A TAX REBATE, AND IF SO, HOW DO I DO IT? (united kingdom)? |
During the financial year 2009/2010 I made in total £4455 and was taxed £891...
firstly am i able to make a tax rebate claim and if so, how do i do it?
thanks in advance.... |
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 Am I able to receive Certification of U.S. Residency without having had to paid taxes for 4 years? |
| I am an undergrad who is going to teach English in South Korea for a year, and under international tax treaties I am able to earn money there without paying taxes if I provide a Certificate of R... |
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 OVERTIME PAY CALCULATION please kind person with PAYE EXPERIENCE? |
Hi everyone,
I would like some advice on my OT calculation here.
I work 39 hours a week (£6 an hour)
My annual salary is £11232 (£936 monthly and £234 weekly)
... |
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 What Self employment taxes do i have to pay , how much , and how? |
What taxes does one have to pay being self employed.
Self employment tax (social security and medicare) I assume , and then Federal & State taxes.
Could someone give me definites and ... |
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 anybody in here just got their income tax check later then usual? |
| i filed in march and just received my state check in June and i'm still waiting on my federal. i just wanted to know if i'm the only ... |
|
 What would someones income have to be to be considered rich before taxes? |
| just out of curiosity because i met someone today who claimed they were not rich and made a substantial amount of money per ... |
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| Does anyone claim Child&working tax credit when self employed selling on Ebay? |
Hello
I work part time (self employed) 16 hours p/w I`m on low income on approx £200 p/m , I have 2 small children
I really would like to start working from home opening my ... |
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 Wage Tax? Live in PA but work in NJ? |
| I recently accepted a job working in New Jersey but I live in PA. What wage taxes (%) am I liable for and what tax credits may I receive? Thanks.... |
|
 Is the GST credit that we get in Canada every 3 months being cancelled? |
| I'm asking this because I came across a forum post about our stupid new HST that's taking effect July 1st that the government here in Ontario Canada is cancelling the GST credit that we get ... |
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 I am being IRS audited ($2Mill) from 8 yrs ago, where can I get old bank statements/etc ...??? BIG TIME HELP? |
I am being IRS audited ($2MILL) from 8 yrs ago, how to get old bank statements/etc that far back?
My husband is being audited from 2002. He was a building contractor for 30 years. In 2002 ... |
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Jessica | I need help filling out form 982 for tax year 2008. I am insolvent by $12,000 and received a 1099-c for $2,503? |
I don't understand what I need to put in Part II. PLease please help |
 |
 
the tax lady
|
I'm surprised at the comments that section II will be blank.
If none of the line 4 to 9 apply, you STILL have line 10A to deal with. That involves redoing the insolvency worksheet a second time (for 1/1/2009), deleting out the debt and using the cost basis of your assets. If your assets are less than remaining debts (if you own a car you bought many years ago, this can be unlikely), then you can put $0 on line 10A because you have reached the debt reduction limit. You must attach this worksheet as well. |
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Bash Limpbutt's Oozing Cyst©
 |
If you're filing the 982 for insolvency, mark item 1B and attach a simple balance sheet showing fair market value of all of your assets and all of your liabilities as of the date that the debt was forgiven. (Don't forget to include the forgiven debt in your liabilities!)
For most folks, part II will be blank. |
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Wayne Z
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For most people, Part II will be blank. |
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travelguruette
 |
Make sure you are using the proper date. Look at the date on the 1099c and use the day 1 before that. Not todays date. |
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Dave
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There is no requirement to attach a balance sheet to Form 982. This is a myth. The instructions themselves do not reference any attachment except in the event the basis of property is reduced. |
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