 I´m selling my house in Spain and want to know the best way to transfer money from the sale without paying tax |
| I live in Spain but want to move back to England (no, I´m not mad! I have my reasons). I want to sell my house here and move the funds raised to a bank in England. How can I do this without being ... |
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 Do I have to depreciate the new carpet and vinyl flooring in my rental property? |
| This was more a repair than an improvement since my condo is built right on the slab and I HAVE to cover the floors with something. The old carpet & vinyl were 20 years old and basically in ... |
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 Yet another Turbo Tax stimulus rebate question? |
| I Filed joint with my husband, and we qualify on all accounts for the stimulus, my # ends in 49, putting me in a group that should have gotten a direct depist by now. So here's what we did. We ... |
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 Stimulus Payment??? |
| As the irs.gov website states I should have received my check in my bank account on 5/2/2008 since I did direct deposit with my state and federal income taxes. I still have not received my check. I... |
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 Child tax help? |
| I have a 3 year old little girl. I live in the state of Oklahoma. Me and her daddy were never married. He is threatening to take me to court and get the order to claim her every other year on taxes. D... |
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 I'm 16, do I have to do taxes? |
| I make between 90 and 130$ a week. I'm part of a union, and im curious if i have to do taxes. If so, what do i have to do?... |
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 What percentage of work related expenses will I get back from taxes? |
| I pay for my own gas and travel expenses for work. I also had to buy tools and a GPS. What percentage of that will I get back when I file my taxes?... |
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 If I make 600,000 dollars this year how much would it be after taxes? |
Additional Details
i have 3 kids and i am married I am a doctor I have a yacht and i live in ... |
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 My income was $9000 from a pension but not social security, why do I not get a stimulus payment? |
| This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?... |
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 My daughter did not receive a stimulus check? |
| She filed a tax return last year, made the required amount, and was sent a notice that she would receive something. She had her tax refund for 2007 come to her direct deposit account. However, she ... |
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 IRS Audit?? Oweing them $7000, please help!? |
| I went to a local IRS tax shop and the lady stated I could claim both my little cousins since I am taking care of them 100% for over a year and I have looked on the irs.gov website and it does states ... |
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tri_valley_bear | If I make a donation to a charity before April 15th can I use that against last years income taxes? |
We are donating a used car to a charitable organization. If it is done before April 15th filing deadline can I use it against 2006 Tax year's income? |
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a5150ylee
|
You should also be aware that tax write offs on car donations changed. You can no longer just claim a value of the donation, but rather you write off what the organization can sell the car for. |
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Judy1
 |
No, the cutoff for donations to count for 2006 taxes was 12/31/06. |
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bostonianinmo
 |
No, to use it on your 2006 return you would have had to have made the donation in 2006. You can use it on your 2007 return.
To take a deduction for a donated vehicle you'll need a letter from the recipient organization that lists the amount of money they received for it when they sold it. That is the amount you can deduct, regardless of what the fair market value is. |
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jrtcpa@sbcglobal.net
 |
No |
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kj
 |
No. You are filing your 2006 taxes. The cut off for anything is December 31. Anything done this year will be filed for next year in 2008. Sorry. |
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jmk 486
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No becuase if you get any proof of donation it will be dated 2007, therefore you can claim it in 2008. |
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Shakesfear
 |
No. You had to have donated it by Dec. 31 2006 |
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CarVolunteer
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All of those above are correct on the year that you can claim it. A bit more information on what you can claim: if the charitable organization gives it to a low income individual (or sells it substantially below market), you can claim fair market value. There are a couple of other cases also. If they just sell it, you are indeed restricted to what the charity gets.
For the fair market value, if the value is greater than $5000, you need an appraisal. If the value is 500-5000, you can use www.kbb.com (plus the paper work from the charity). |
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fearslady
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Nope; must use it for 2007 unless you are filing your taxes on a fiscal year, which is unlikely. Also, you will need a valid fair market appraisal and a receipt from the organization in order to deduct it at all.
If you want to fund an IRA for 2006, you have until April 16th of this year to do that. |
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