 I live in a Condominium, in New York, and I am told that Maintenance charges for the Condo are tax deductable. |
I live in a Condominium, in New York, and I am told that the maintenance charges for the Condominium can be climed as expenses.
Please advise if this is correct.
Thanks.... |
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 Is it right that the Bank of England helps the "private" banks in these hard times? |
| The B.O.E. has dropped the interest base rate twice, the banks didn't pass them on, now the tax payer may have to bear the banks losses..... what else will they do with my (tax) money?... |
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 Can Musicians deduct their manager comissions and or lawyer fees from thier taxes? |
I've asked several different people and they all say different things. Can somebody give me a definitive aswer?
Additional Details
Ok let me clarify, my group is close signing a ... |
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 If I am an independent contractor who made 10,000 in 2008 - how much of a tax refund will I get back? ? |
I am single - no children. I am a full time graduate student.
Additional Details
Am I able to deduct medical expenses to receive a refund?... |
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 Check stimulace - taxes? |
| me and my husband havent gotten our check yet... others have gotten theirs... his last 2 of his ss is 98... |
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 Economic stimulus check question. Who's right? |
| I was talking to a family member about the economic stimulus checks being sent out by the IRS. The family member said that not only has she not filed her taxes for 2007, but she is just now working ... |
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 What are the consequences of not filing taxes for several years? |
| What if someone has lived abroad for five years and not filed their US taxes even once in that time? What are the possible consequences of this? How can this be remedied?... |
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 Returning DVLA tax disc? |
| I am getting my vehicle scraped, but it's tax disc does not run out till August, but I heard if I send it back to DVLA I can get a refund for 5 months! How do I send it back to DVLA? What forms ... |
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 What qualification is required to prepare people's taxes? |
| Does it require certification, accounting degree, CPA, or what?... |
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 I claimed a child on my return without permission but he lived with me and his parents claimed him also. HELP! |
| i claimed a teen on my income tax return who lived with me the entire year and i took care of him . i claimed him on my taxes and got the money back already. i did not ask the parents if i could ... |
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 Can I claim my brother as a dependent? |
| My brother has been living with me for the last 1 1/2 year. He has only worked maybe for 2 month at most of the last year. He does not pay any money at all to live here not even for food. Does this ... |
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 I am Brazilian, and living creature very well, logical! how it is to be an Indian poor person, is very bad to? |
| I am Brazilian, and living creature very well, logical! how it is to be an Indian poor person, is very bad to live in this poverty that vocĂŞs lives?... |
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 Why won't the IRS, nor most C.P.A.'s show us the stautue where it's states all workers must file a 1040 form? |
| Recently, Tom Cryer was recently found 'not guilty' by a jury for 'failure to file' a tax return. Mr. Cryer stopped filing yrs ago. The judge, the govt attorneys, and the jury ... |
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 $600 tax refund check? I only got 389.90...why? |
What happened to the other $210.10???
Additional Details
Ok, well I guess I didn't hear the Prez right...I didn't hear him say "...up to...". I thought Uncle Sam was ... |
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CD | Is the earned income credit fair? Doesn't it reward taxpayers that only work on a part-time basis? |
Is the earned income credit fair? Doesn't it reward taxpayers that only work on a part-time basis? What might be a better solution? |
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ninasgramma
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As you imply, there are persons who work only enough to get the maximum EIC. The EIC is a source of a huge amount of tax fraud.
However, for low income families with children the EIC has been a welfare benefit. The tax system is used as an income redistribution system.
Given that there is going to be redistribution of income to those that do not have enough income to live, this is an alternative to people applying for welfare. It is also an incentive for people to earn at least some wages.
An alternative would be to give people SS credits for work up to the EIC upper threshold without paying into the system, rather than paying into the SS system and then getting it refunded if the income is below a certain level.
However a refundable credit for low earning taxpayers with children is better than a welfare system that encourages people to not work at all. |
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r_kav
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Nobody said the tax code was "fair". |
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Deliah
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You will get two answers to your question, 1 given by those who get the EIC and 1 by those who do not. |
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Gary
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Better paying jobs with benefits. Earned Income credit was designed to provide relief to low wage earners who have children. |
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SDD
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Sure, unless you think people should have to EARN money instead of taking it from others. |
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daoco
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Raising the minimum wage is bogus. If you believe the people who have failed to, or are unable to, develop the skills to get a decent paying job deserve a handout, then fine. Vote for increased welfare but call it what it is. Raising the minimum wage only hurts the business man, the guy who is creating jobs and wealth for the politicians to tax and spend away.
Okay, here’s my idea. Stop paying the EITC in cash. Instead issue a debit card like the states use for food stamps. If they have a “real” refund from withholding they can have that in cash. Merchants can accept it for anything except alcohol, tobacco and wagers such as Keno or Bingo. When I worked for HRB I would see people come in, almost too drunk to stand, get their check and announce they were headed to the Keno parlor. Get the money out of the underground economy. Most people at this level already have demonstrated they can’t handle their money so the state has to put some conditions on them. The EITC, like welfare has created generations within families dependent on handouts.
Then limit the amount or years they can collect this money, just like welfare. They get 3 consecutive years or $10,000 lifetime benefits then that’s it. Perhaps if the EITC was used for tuition they wouldn’t need it so long. |
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fnipohc
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No, my husband is a full-time school teacher and we qualify for the EIC. Unfortunately, there are many jobs out there that just don't pay enough even if you do work full-time. |
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bostonianinmo
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Well, some of the recipients may only work part time but consider the plight of a single parent raising 2 kids on $9.00 an hour. I have several friends in exactly that situation. They collect several thousand in EIC, and it makes basic survival possible. And that's in a small mid-western town with a very low cost of living. I can't imagine how someone in that situation could survive in LA, NYC or Boston.
You want a better soluton? Raise the minimum wage to around $12.00 per hour and chuck the EIC. That's where it would be if it had kept up with inflation since 1966. In 1966, the minimum wage was $1.45 per hour and it was possible for a family of 4 to survive on it. Nothing fancy, to be sure, but it was independent survival without any handouts from the government. Sadly we've let the "needs" of big business take over the needs of the citizenry. That's a sad state of affairs, IMHO.
Addendum: If anyone who gave this a thumbs-down has a better idea, please have the guts to post it. Don't just stick a TD here and move on. Show a little backbone and let's hear what you have to say! |
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