Archive for January, 2009
Need to “short sell” on my house what are my tax issues if any?
Jon W asked: I am in a forclosure situation:
Purchase Price: 275,000 (2004)
Refinanced in 2005 and took out a Heloc
Heloc: 100,000
My estimated price for selling is going to be 330,000. Will I have to pay any taxes on the potential sell of my house. If so are there any ways out ie: proving financial hardship.
Exporting iphones, legal, and tax issues?
adnan asked: What are the laws regarding exporting Electronics out of the United States? Is a license needed? How much export tax will be applied? And is it legal to export commercial quantities of iphones?
Tax issues: employee lunches?
RogerDodger asked: If a business owner buys their employees lunch everyday, are there any tax issues or reporting requirements required for doing that?
(U.S. Tax Law)
The employer is doing it say because he likes happy employees. Not sure what your asking.
Thx for your comments MadMan,
The specific case that I’m thinking of is Google. Google [...]
How can I buy my daughter a house without tax issues?
alan p asked: Say we are both on the loan but I pay the down payment. Can she own 99% of the deed without any tax issues?
Is the upcoming tax rebate free money or an advance on next years tax refund?
meghananne23 asked: I’m confused…….. I’ve heard that the tax rebate will be like additional income that you will be taxed on, but then I’ve also heard its just basically an advance on next years tax refund?
Anyone know what it is?
THANKS!
Payroll Issues- Tax , Ethics Quality Control Issues?
mumzgirl asked: Hello,
I’m trying to do research on issues in Payroll Accounting on : Quality Control Measures for Payroll Accounting, Ethical Issues in Payroll Accounting, Avoiding Tax Issues in Payroll Accounting. I only seem to get links to different colleges and people offering courses and I need to have Works Cited for my college ILA [...]
Is having my tax refund directly deposited through Turbo Tax different than regular direct deposit?
Quake22 asked: The reason I ask is that I have not received my economic stimulus check yet and my SSN is under 19 (so I was supposed to receive the direct deposit by now). I filed my taxes through Turbo Tax and my refund was directly deposited in my account. Will I get a paper [...]
How do property tax appraisals on a new home work?
Sandianne asked: We bought a new home last August 2005. The taxes for 2005 were based on a property value of 17,000$. Our home is now worth about 150,000$ for 2006. We signed a paper during the purchase, asking the escrow account to go ahead on figure the new tax rate on our home into [...]
What will happen if you did not file your new business income tax because no profit gain?
curious newbie asked: Just started my small home business September 07. I am still not familiar with business income tax issue. Since I did not gain any profit, I decided not to file my business income tax for 07. Am I going to be in trouble if I start filing it for 2008?.
Do I have [...]
What real estate/tax issues should my grandmother be aware of?
moinaustin asked: My grandmother is on a limited income and is thinking of selling her home which is paid off but in bad condition.
She would be selling it at a loss and is worried that the monies she receives from the sale will affect her income.
What tax issues should she be aware [...]
