 PLEASE READ! Pls help me with my question! PLESE READ!? |
| I want to know if i should claim my son the year income tax or should i let his dad claim for him this year2007? i just got a job this octomber2007. his dad claim both his son and myself last year2006... |
|
 Do you favor shutting down the IRS in turn for a 10% flat tax ? |
This would be a flat rate tax, not an actual flat tax...
Studies have shown that this model could actually produce MORE revenue into the federal government.
The IRS is spending ... |
|
 If i want to become a CPA (Certified Public Accountant) what tipe of accounting should i major in? |
| theres soooo many type of accounting majors...its almost confusing...i'd just like to know which one should i tackle..i kno i want to be an accountant...but which one would be appropriate for a C... |
|
 If my income is less than the prescribed IT limit should I file IT returns for that year.? |
| I have been filing IT returns regularly. Filed IT returns for the financial Year 2006-2007. I resigned from my job in march 2007. Earnings for the year 2007- 2008 less than the prescribed limit for ... |
|
 Do I have to file taxes if I only worked on week in 2007? |
| I only worked on week and that is all that I worked in 2007. My boyfriend claimed me and our daughter cause he supported us. I did not file because I only had worked that short time. Do I need to ... |
|
 Irs stimulus check r they coming out again? |
i hear that there is another stimulus check coming out . if this true do anyone know when.
... |
|
 What state pays top dollars for unemployment? |
CA pays up to $450 per week, can your state beat it?
Additional Details
For those that do not know, unemployment money comes from company u work for, not any tax money.... |
|
 Filing for tax/ tax refund question.? |
Ok, please forgive me for asking but I am very tax ignorant and I'm trying to avoid going to H & R Block.
I am trying to file my own taxes online, but it doesn't seem to add ... |
|
 Does anyone have a phone # for rapidtax.com? its been 5 days since i filed for the 2 day rapid refund.? |
| their link that is supposed to show your status on your refund always claims that it doesnt recognize my me. the irs has already accepted me but no word from rapid tax on my refund status. they only ... |
|
 Pay Taxes on Prize? |
I entered a contest and won a $250 gift card.
-Do I have to report this to the IRS and pay taxes on it?
-If so, will the place I won the gift card from give me paperwork or am responisble ... |
|
 Exhusband claiming children on taxes? |
My ex husband and i have 2 children. they live with me 100% for the entire year. He has contributed 116 per week in child support since May.
He says to me the other day that he is claiming them ... |
|
 Is it true that the U.S.A. borrowed 1.5 billion from China to pay it's citizens a tax refund? |
| Everyone is supposed to get a tax credit/refund this year. Is it true that Bush borrowed the money from China?... |
|
 Can i claim this dependent?? |
| my 25 yr old son lives with me and he worked and made $6000 he filed income tax form 1040A to get back a refund, can i still claim him on my taxes as a dependent as i provide more than 50% of his ... |
|
 Should child-tax credit only be available to married parents? |
| To stop encouraging single-parent and broken families, should the government only offer child-tax credits to adult husbands and wives who are both the parents of the child/children claimed on the ... |
|
| Can I deduct taxes/interest on three houses in this circumstance? |
| We recently moved and bought a house before we sold our previous home. These homes are our previous and present primary residences. Our previous home is on the market. We also own a second home. C... |
|
 Can I Sue My Employer For Not Giving Me My W-2 Before Tax Season Is Over? |
| My employer never gave me my W-2 form. Therefore I cant do my 2007 taxes. It is April 3rd 2008, and I still have not received any kind of notice, or forms. I spoke with him several times after J... |
|
|  |
AGF michelle | If I sell my horse for $12,000.00, do I have to claim it as income on my taxes? |
|
 |
 
TaxGurl
|
You have to claim any profit as income. If the horse cost $10,000 and you sell for $12,000 then you have to report the $2000 difference as income. If you sell for the same or at a loss, then there is no profit to claim. |
|
bostonianinmo
|
Only if you sold him for more than you paid for him. |
|
Net Advisor
|
Tax girl is correct. If you sell your horse for more than you paid for it it is a capital gain. You better have good records showing how much you paid for it, date, from whom bought, and sell info as stated. |
|
IKP
 |
You must report a capital gain. If you bought the horse for 15,000 and sold it for 12,000 then no you do not have to report it. BUT... if you bought it for under 12,000 then you must report the difference between the two. |
|
spoonman
|
anything over 10,000 is automaticaly sent from the bank to the IRS . have who ever pay in cash or two seperate checks with different dates . watch yo self ! |
|
lturner17
|
No |
|
Robert Layer
|
No you don't have to claim it. I would be carefull making a sole deposit of $12,000 into your bank account. Banks are required to do background checks of anything over $10,000 in the event of money laundering. This could be viewed by the IRS if they were to do an audit and they could then demand a tax on this deposit. Overall you are ok without having to pay a tax, I would just do it in two seperate deposits into your bank account if you can do that.
Robert Layer |
|
kapn
|
No .... its all yours....hope your horse has a nice new home. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 6 minutes(s) ago
| | | |
8 | 38 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 3 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
8 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
