Archive for August, 2008

Tax issues for Roth IRA and regular stock account?

kpi_brian asked: I have a security that has been a dog and I want to sell it, the shortest amount of time I have own some of the shares is more than 30 days. I want to sell it and re purchase it today in a Roth IRA, will I still be able to [...]


What are the tax implications of a property placed in a irrevocable trust?

Henry B asked: We placed my parent’s property (personal home) into a irrevocable trust. The instructions was to sell the property upon the death of one of the parents with the proceeds going into trust account at a bank of our choosing. We are to distribute money from the proceeds to my [...]


When filling out tax forms for your employer, what number do you claim to have more taxes withheld?

shylee2482 asked: If you have more tax withhelf, you get a refund during income tax season. If you get more money on your paycheck you end up paying taxes. I don’t want that to happen to me so on my VA tax forms, what do I claim?


Why is it that we can know the answers to tax issues witht the government but nobody cares to stop the corrupt

JAMES S asked: Local school taxes are based upon our Real Estate values controlled by the government who also controls the taxes and how they are spent.
1st the state Income tax was intoduced to save the schools and reduce the taxes we pay. 2nd the Lottery was going to save the schools and reduce the [...]


Why do all of Obama nominees have tax issues?

Obama Hood – Spread the Wealth asked: WASHINGTON – Ron Kirk, nominated as U.S. Trade Representative in the Obama administration, owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to make his payments, the Senate Finance Committee said Monday.
Can’t Obama find anyone who isn’t a tax cheat to be [...]


What is the ratio of tax free interest to taxed interest?

bett asked: Example: 6% tax free interest is the same as what % taxed interest if you are in the 28% federal tax bracket?


What are the Legal issues that affect a Freelance Designer, do you have to pay tax for example, if yes how?

s_irenoa asked: Potential freelance designer that wants to know how legal issues would effect me freelancing.