 If giving rebate checks helps the economy, why dont they lower taxes altogether? |
if they lower taxes by lets say 1/2, wouldnt that be helpful for the economy since your keeping your own money and spending it?
Additional Details
if giving checks is helpful why dont ... |
|
 Do rich guys pay Social Security taxes after they retire? |
| I wonder, that if a person that retires (from work), but has interest income large enough to be taxed, does that person collect SS and also PAY SS??... |
|
 How much child maintenance (per week) should be? |
| paid if somebody earns £22,000 per annum (for one child)... |
|
 Are bonuses taxed at a higher rate than wages? |
| I work in sales and receive a base salary plus quarterly bonuses. It seems that my bonuses take a higher tax hit versus my wages. I've asked for clarification and have received conflicting ... |
|
 Wat other options are available for tax exemption other than section 80C? |
| wat other options are available for tax exemption other than section 80c(upto 1 lakh).I have already have 1lakh exemption for LIC premium+housing loan premium(section 80c).What other options are ... |
|
 If you make any money in 2007, can you file taxes in 2008? |
i've only worked since september.. so do i file taxes or no.. and plus i have taxes i can file provided by my college
Additional Details
well ok.. i got paid 1798 because i just ... |
|
 How much are taxes on a gift of cash? |
| What would taxes be in the US on a substantial (maybe $40,000) gift of cash made to someone? Would both the giver and recipient be charged taxes or penalties?... |
|
 Renting our UK property out and moving overseas. TAX ? |
Hi my husband and I are moving to Australia in December and we are going to rent out our property we have been told we would have to pay Tax on the rental income.
1. If we only get enough to ... |
|
 Is there a law that states we have to file a 1040? |
| Is there a law that states we have to pay or file a tax return ?... |
|
| Im a single mother with one chlid and made only 8,200 this year and turbo tax is telling me im only getting? |
back $453and I dont qualfy foe EIC for my one child does that sound right Im sure I should get more then that back with all of the new tax refunds
Additional Details
Thanks for all of ... |
|
| Okay so let me get this straight!! if my taxes were prepared by a tax preparer? |
| and it was direct desposited and fees taken out, I will get a paper check right?... |
|
 What happens if you pay to use someone's kid for tax credit? |
| Several people at my job are offering various people's children for tax credits for a price of $400-500. They provide SS# and other info. They get back a lot more than they would without a child.... |
|
|  |
pulguita picosa | Who knows if there is a procedure to declare to the IRS if you find some gold coins? |
I was wondering If you find a little chest buried that has some gold coins inside and you want to declare it how much will the goverment take, you know if they take most of it or they just collect a tax, because in other countries the goverment takes almost everything declaring it nation's property and they just give you a tiny percent of it, so I was wondering if the same happens here un USA, how would it work.
Additional Details
I was wondering because they always do that in the movies, they find it and become rich, but if you think about it the moment you start to cash the coins and spend it the questions are going to start, and the IRS will get its nose there sooner or later or what would you do to avoid it |
 |
 
bostonianinmo
|
Unlike the baseball "find" earlier this year, the value of gold coins is easily assessed. As such the find is fully taxable as ordinary income in the year of the find. Claim the value on Line 21 of your Form 1040 tax return. The actual tax will depend upon the value, your other income, your filing status, exemptions, deductions, etc. It could be as high as 35% for Federal income taxes. If your state levies an income tax, they'll want their cut as well.
As for the clowns who say you shouldn't claim it, please ignore them! If you found one or two coins you'd probably get away with it easily enough. However a life-changing find could easily trigger a "lifestyle audit" by the IRS. They'd quickly figure out that you were living beyond your means and that will trigger taxes, penalties, interest and in the worst case, criminal prosecution. Not worth the risk, IMHO. |
|
ninasgramma
 |
There is a name for this, it is "treaure trove." If you find a treasure trove, it is taxable income. Enter on Line 21 as other income. No SS or Medicare tax, but they will take income tax at the rate determined by your total taxable income. |
|
Judy1
|
If you just found it, you don't owe any tax on the find. If you sell them, you'd pay tax then. |
|
james k
|
i guess you would just figure it as part of income. it would be taxed along with the rest of your income. no i bet it would be taxed like a one time gain. however they treat gambling winnings is how they would treat that i betcha. |
|
Petwanel
 |
It depends on what it is you found and where you found it. If the treasure is small it would probably be ignored. If it cannot be hidden the courts will test the circumstances to determine ownership.
When Richard Steinmetz tried to auction off the Alabama bell, a relic of the CSS Alabama and one which he had own for years; the federal marshals knock on his door with a warrant to collect the bell for the Federal government. when he protested he was told: The Navy doesn't abandon warships. All of them, even rusting confederate ones, belong to the United States government. |
|
nicky
 |
Why in the world would you declare it? |
|
Duck C
|
Declare it? Is this some kind of joke. |
|
♫Mr. Kite♫
|
First off, I suggest NEVER telling the government about the gold coins.
2) Like you said, any country has the right to any money or property (damn _4$74.P$!) and they'll most likely do something to get the gold.
3) Delete this question sooner than later. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 26 minutes(s) ago
| | | |
8 | 38 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
8 | 5 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 6 month(s) ago
| | | |
8 | 8 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
