 Can I file a 2007 Tax Return ? |
| I lived on savings in 2007 and had no income for the year. I am in the ministry. Can I file to claim EIC for my two children and possibly child tax credit?... |
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 Obama to raise taxes? |
Everyone is saying obama is gonna raise taxes has anyone seen his plan where are you people getting this info from.
Families making more than $250,000 will pay either the same or lower tax ... |
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 Do i have to pay tax? |
| if make money by gambling, but do not have a job, do you have to pay tax on the money since its your only sourse of income?... |
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 Being self employed? |
| I went for an interview for a job today and the guy asked me if I would consider being self-employed as I wouldn't have to pay as much NI, and he could pay me a bit more. He said his accountant ... |
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 Shouldn't my P60 have been in with my April wage slip? |
| I don't want to be one of those people who overpays my student loan so I am keen to get the repayment info off of my P60!... |
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 What happens when you spend 3 years without filing your income taxes? |
| My daughter's father owes her about a year and a half in back child support and she's only 5. He purposely does not file his income taxes just so they cant garnish them and she cant get her ... |
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 Do u feel that Personal Income tax is liable for double Taxation ? |
Do you know that people pay tax so many times against their income? Can u list them.
When we spend we pay in the shape of excise, custome,octroi,sales tax, VAT , Service tax, Educational cess, ... |
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 We've received notification that we are being audited by the IRS. We used H & R Block and got peace of mind. |
| Does anyone have any experience with this? The lady who did our taxes itemized things differently than we had before and I'm completely freaked out! T... |
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 Can you get a tax credit even if the child isn't biologically yours? |
| My husband has full custody of his son and we have provided for him for the whole year. Now that I am getting everything ready for the first of the year I am wondering if I might be entitled to ... |
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 Can I get back the medicare and social security taxes from the taxes subtracted from my paycheck? |
This is for checks I received when I worked under 18 yrs. old. They shouldn't take taxes from minors, right?
What kind of forms do I have to fill out to get the money back from the IR... |
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 Do you have to pay Council Tax if living in a Private Road? |
| I live in a Private Road, which is full of pot-holes and has no street lighting. I pay full Council Tax - am I entitled to a discount as it's a private road?... |
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 Question about paying taxes? |
| I had a question, we have been paying our self employment taxes for many years, someone said that we could skip a year and pay it the next year, is this true? Could we skip paying self-employment ... |
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 My husband went to jail in early Dec.2006, can i file our taxes together without him present, and how? |
| He is in jail over 4.5 hours away from me and about to be sent to State Jail even further away. I don't have a car or a ride to go get his signature. I had to go back to work to support our 3 ... |
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 What would do if you haven't received the rebate from the IRS? |
| because i have already try the web-site to check where it is.... it show that they don't have no information about it yet!... |
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| What kind of trouble will you be in for not filing taxes? |
I don't understand why you get in trouble in the 1st place. Isn't it the persons loss if they don't file and get there money back? I don't think it should be against the law.
<... |
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 Why do some states have sales taxes and some states dont? |
i live in california and thers 8 %
but in states like nevada an new york thers none (or maybe alot less)... |
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Joan L | Should we invest this money? |
We will soon net about 70k by selling a small residental building lot. We are both approaching
60, so although we have no immediate need for the money, we soon will. Can we invest these funds to shelter most of it from taxes? Should we? Thanks so much. |
 |
 
muncie birder
 |
You have an interesting problem. Normally, a good way to invest the amoun and defer taxes would be to invest the amount in a variety of Index funds. However, the U S economy does not appear to resiliant at the moment. You can avoid some taxes by purchasing T-bills. Currently they pay 5+% and are not subject to local and state taxes. Interest on municple bonds are not subject to federal taxes. But the priciple is subject to risk, much risk.
To be safe use t-bills. To accept some risk but possibly greater reward, consider investing part in a variety of index funds but avoid U S funds except for a small amount maybe $5,000 to $10,000. Put some in oil stocks such as COP, DVN, APA. What ever happens to the U S market, the oil stocks will not suffer greatly, since their markets are world wide. Consider investing some in Chinese stocks and some in Indian stocks. For example CHL and TDF and SAY. Avoid mutual funds although TDF is a mutual fund. You will be subject to annual realized capital gains annually with mutual funds, except for index funds. |
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Computer ditz
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Your question does not provide enough background info to properly answer. However, considering short term rates are the highest they've been in years (about 5% or more), be it in bank CD's, money market funds or short term treasury bonds, you really can't go wrong in any of these short-term income type investments. These days you get paid a decent return for taking on very little risk - might as well do that. |
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robert w
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consult 3 tax attorneys see what they say it will be cheaper than this forum |
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Ω²
 |
Buy one of these and build a house on it.
http://www.heronpointeva.com/ |
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sjoschko
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To completely shield it from taxes your best bet would be municipal bonds. Buy city/state bonds (ones that originated in your home state) and you wont pay federal or state taxes on the interest. Though there is risk, I wouldn't put it as "much risk" as the other guy said.
Of course, that amount of muni interest could trigger AMT, which you really don't want to deal with if you don't have to. T-bills would be another good way to go. Of course, all of this has to fit in with your overall portfolio, and since I don't know that, I can't really give you good advice. So, I'd say talk to your financial adviser. |
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cristanine
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The answer is yes invest it and make more money that is the logical thing to do. |
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vegas_iwish
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Unless want to risk buying more property you can not shelter it from taxes. Much better locking up intrest-bearing investments right now to build up a retirement fund flow. |
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moops
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You may be able to do a 1031 exchange to avoid taxes, and put it into a low risk fund. I wouldn't do anything with real estate right now. |
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anon
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You should invest it in some way, but not in something risky. Consider how much income you need, and look for a relatively safe investment that produces income. One way to shelter from taxes is via mutual funds that invest in municipal bonds.
This is not professional advice. |
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