Archive for March, 2009
How to calculate tax when selling my car privately?
ewaccord07 asked: I am in the process of selling my car privately and I am confused about the tax issues. I am a Florida resident and plan on selling to a local Florida resident. If I list my car for $17,500, will the buyer then need to give me $17,500 + $1050 to cover the [...]
Are there any tax issues with selling goods at a fraction of their value?
pat asked: I owned a small business a few years ago and had an inventory of $50,000. The business didn’t do so well and I found a full time job elsewhere.
I found a buyer willing to buy all the inventory for $5,000. (I’m willing to take the loss because I’m just too busy [...]
Is it likely to be denied a Certificate of Authority to Collect Sales Tax?
j r asked: I am starting a small janitorial services sole proprietorship in NY. I have applied for a Certificate of Authority to Collect Sales Tax. I have no prior convictions or tax issues so should I expect to be approved or is it difficult to be approved?
We built a new home last year in WI and now potentially have to move. What are the legal/tax issues?
Rebecca S asked: We have lived in the house for less than a year and someone had mentioned that we may not be able to do so. Is anyone familiar with this issue?
Is any surprised that yet another Obama nominee has tax issues?
Lil Barry Brezhnev asked: At least she had the common sense to withdraw her name for consideration.
http://news.yahoo.com/s/ap/20090203/ap_on_go_pr_wh/obama_killefer
Bonus Question: Will Baracky pick a republican senator for this job in case the Gregg plan backfires?
any one surprised
Is it Baracky’s vetting process to start looking into their backgrounds on the eve of the Senate hearings?
Will the upcoming tax rebates that are part of the economic stimulus package be based on your 2007 income?
Tanker asked: Is the tax rebate a rebate of your already paid 2007 taxes, or more like a pre-refund of of your 2008 taxes that you might pay?
Is the capital gains tax assessed when stocks are sold, or when my broker issues me a check?
asdaltid asked: If I buy $1500 worth of stock and sell it when the value is $2000, is the tax assessed at the point of sale? In other words, can I avoid the tax by leaving the proceeds in my broker account?
Can a full time student check exempt from tax when applying for a job?
Tyran T asked: According to the laws and tax accountant that i encounters, a full time student can be exempt from tax when they apply for a job. Then the following check, tax amount should be reduce. Excecption from the Federal Tax and the Social Security tax. So my question is Does [...]
what should I know as canadian planning to buy a small house in Florida for winter use (tax issues or any fees?
Ela T asked: planning to buy a small house in FL close to a beach for winter time. What should I know before jumping in and buy – any hidden fees to the US government, do I need a visa & what else should I consider?
would the property tax be higher for me as [...]
Will both parties recieve a tax benefit from buying house, if you are not married?
PZ asked: As I understand it, interest on the mortgage, and real estate taxes are tax deductable, if you own a home. I am thinking about purchasing a home with my fiancee, i was wondering if we would be able to both benefit from the interest and real estate taxes paid, when filing [...]
