 Why haven't I received my tax stimulus check yet? |
| My social ends with 00 and I have my taxes direct deposited. Why havent I received my deposit yet? I thought they were going into the direct deposit accounts starting Monday.... |
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 How many Newborn & Baby/Parenting regulars, or former regulars, are in our possee? |
| I'm taking role call. As some of you know, I am a former TC in that section, and I think that some of us are living proof that we're not all hormonal, humorless, whiny wenches (much).... |
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 Denied RAL from H&R Block? |
For the past several years, I've applied for, been ACCEPTED, and received my tax refund through a 1-2day RAL with no problem what so ever!!
On Thur, Jan 15th, I filed my taxes, and ... |
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 Can my mother use my brother as a tax dependent. He is 35 yrs old and has been in jail for 5 years? |
She pays any outside fees needed as well as lawyer fees used for appeal process. She pays out about $4500.00 a year.
Can any of this be written off. And is there anything else that she could do. ... |
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 Yesterday I found out I had been overpaid for over a year. My boss says I will not need to pay it back.? |
| I work 10 hours over a 2 day period, yesterday I found out I had been overpaid double the amount. I had been getting 368 pounds instead of 184 pounds, my boss says I don't need to pay it back ... |
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 My stepdaughter is 20 and she says she needs our 1040 tax form for her fin. aid.? |
| Is this normal? I don't know how comfortable I am making copies of our taxes and giving it to complete strangers and why is this necessary if she is an ... |
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| What about claiming a child on taxes when you pay child support? |
My boyfriend pays child support for his daughter, and he never sees her and he never talks to the mother of the child... (not by his choice)
He pays $300 a month, and they are recently ... |
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| What can I do if I have never filed taxes? |
| I am 36 years old, I have been gainfully employed making $150k plus per year for the past 11 years and I have never filed taxes, I am a W2 employee, and taxes get taken out of my on a monthy basis, ... |
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 How long do you have to keep paper records of your bills for tax purposes? |
| I would love to be able to shred a lot of the old ones. I have no storage space to speak of. I get a lot of my bills online and in paper and I am a little hesitant to just go paperless...... |
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 Has anyone received there Stimulus Check yet? |
| I have heard that people are starting to receive there Stimulus checks is this true?... |
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 Who thinks like me about the smoking ban in the uk? |
| I think that there won't be a smoking ban in the uk for very long because the goverment will lose too much money by doing this because less and less people will stop buying ciggarettes etc and ... |
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 P45: Can I claim I lost it? |
Dear all,
I am a very educated person, but unfortunately credit crunch has affected every position in the banking sector. However, I managed to get hired at Starbucks as a Barista. I am ... |
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 Is signing a spouse's tax refund check considered forgery? |
Additional Details
without permission or even being shown the ... |
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 Do you have to pay tax on inheritance? |
Do you have to pay income tax on inheritance under 50,000?
Additional Details
live in clorado is there a state tax it is part life insurence and part money from selling a ... |
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BB | I sold a piece of property for 12000 my parents gave me in 2001. do i have to pay capital gains on the sale? |
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Dom
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Look at the first answer if you don't want to pay tax on it. DO a 1031 exchange, meaning you roll that money into other like kind property to delay taxes.
The other thing you didn't mention though was your parents' basis in the property. What did they get it for? What was it worth when you got it? There might be a chance that you will have to pay minimal taxes or none at all based on your parents' basis in the property. |
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Serge M
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On property received as a gift, you have to pay capital gains tax on the difference between the selling price and the cost of the property. If your parents paid $10,000 for the property, you have a gain of $2,000. If this is a residence and you occupied it for at least two of the last five years, you do not have to pay any tax as there is a $500,000 exemption on sale of a personal residence. Given the amount involved, this is probably vacant land. |
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v b
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He's already sold the property and taken the money, it's impossible to do a 1031 exchange after the fact (which would have deferred the tax not gotten rid of it anyway) . |
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Judy1
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Yes, but probably not on the full amount you sold it for. See if they can tell you what their basis was - start with what they bought it for. Since you got it as a gift, your basis is whatever theirs was. You don't pay tax on that amount. So if they paid $7000 for it, for example, you'd only owe tax on $5000. |
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sdotcarter0844
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Do a 1031 |
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William H
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You will receive a 1099 for the sale of real estate from the closer/escrow. They will report this income to the federal government. |
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Bdiddy
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Yep unless you occupied it as a primary residence and from the sounds of it the property is vacant land so Yep. |
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JP
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Did you report it as gift income in 2001? |
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