Archive for March, 2009
Tax issues, what should i do?
italiano627 asked: i havnt filed a tax return since 2004 (state or federal) where can i go for help? can h&r block help me?
Is anyone surprised that Hilda Solis, Obama’s pick for Secretary of Labor, has tax issues?
Chukoo asked: Her confirmation has now been delayed due to old tax liens of her spouse.
http://voices.washingtonpost.com/44/2009/02/05/solis_senate_session_canceled.html?hpid=topnews
I can’t wait to see all of the “it’s her husband” excuses.
My company may be acquired: What are my tax issues related to stock options?
Andrewkym asked: The company I work for may be getting acquired. I have a significant set of stock options that have or will vest upon the acquisition. I have not exercised these options. The stock options could be worth between $1-3 million. What are my tax obligations if the company is acquired for cash. Does [...]
What are the tax situations when the wholesaler must prove who exactly the retailer is that bought their goods?
h0mgrts asked: What are the situations when the wholesaler must to prove to the taxing authority who exactly the retailer is that bought their goods?
>Q1:Why wholesale companies asking EIN?
>A1(tkahrs12122): When goods are sold sales tax must be charged. >The retailer is the responsible party. The wholesaler needs that number to prove to the taxing authority [...]
How much tax are you supposed to pay for online cigarettes?
Ether asked: How much tax are you supposed to pay if the government finds out you are buying cigarettes from Europe? I am a NY resident so I think the tax is like 15% so if I get caught buying tax free cigarettes what happens?
If you are feeling jumpy with a response like “you will [...]
What kind of tax refund can I expect come tax time if I was a 1st time buyer this year in NJ?
JohnDoe asked: I bought my first house this April. I live in NJ. I got my mortgage tax statement yesterday, and I’ve paid close to $9000 in interest. My closing costs were around $6000. I’ve heard you are supposed to get a sum close to the amount you paid for your closing costs back come [...]
Relevant tax issues?
cntrybmpkn_95 asked: Melissa owns a residential lot in Spring Creek that has appreciated substantially in value. She holds the lot for investment. She is considering exchanging the lot with her father for a residential lot in McComb that she also will hold for investment. Identify the relevant tax issues for Melissa.
Who in the IRS could undertake auditing our elected officials that don’t think the tax laws apply to them?
Judith O asked: It seems like every time a govt official that is being looked at for a position in the Obama administration has”tax issues” Perhaps we could lower our country’s deficit by auditing every member of the house and senate.Republican, Democrat, Independent.I bet there’s millions of dollars in our representatives pockets that should have [...]
What are the tax benefits for my situation?
Smitty Carmichael asked: I am paid a salary to go to grad school. A got a w2 for this salary a few days ago. In addition, the tuition is paid for but is considered taxable. I also received a w2 form for this tuition payment to my school. I have a few odd quesitons that [...]
Can you get one-half of tax refund from the tax years of 2001 and 2002 from ex-spouse?
annswers asked: I am asking this question for a co-worker. If the couple file joint returns, divorced in 2002, and the ex-spouse forged signatures on 2001 and 2002 tax returns — then, deposited entire tax refunds into their account …. Can the other party get their one-half tax refund back? The [...]
