Archive for May, 2009
What does this tax question mean? If you paid state & local income taxes in 2007 for a prior year?
Me asked: “If you paid state and local income taxes in 2007 for a prior year (such as taxes paid in 2007 as a balance due on your 2006 state income tax return), include this amount as other state and local income taxes paid.
Other state and local income taxes: $____”
While filing online, I got [...]
GM bailout has future tax break worth billions
The government bailout of General Motors includes a valuable prize for the ailing carmaker: a tax break that could save GM and its future investors more than $12 billion — if it ever becomes profitable again.
When a tax collector sues for vehicle property tax, what does the complaint have to allege?
Dilbert asked: For example, does it have to allege that the vehicle was garaged in the jurisdiction of the tax? Or does it just have to allege that the tax collector has reason to believe that the tax is owed and unpaid, without going into details such as what reason the tax collector has [...]
Quinn Tweaks Tax Plan To Court Votes
SPRINGFIELD, Ill. — Republican lawmakers on Wednesday rejected appeals for their help in raising taxes to fill the state’s massive budget deficit, while Gov
Is a sales tax as fare to those who barely make a living, as an income tax?
logicmarty asked: With no sale tax those with high incomes and no income tax have it made. A $10 sales tax hurts low income people making say 6000 a year. But what is it to those making 50,000 or 100, 000 a
year. So you think if every poor person ‘puts their nose to [...]
I have already filed my taxes. Am I not entitled to the tax break congress just passed last week?
D M asked: I filed my taxes in Mid-January. Last week conress announced that every tax paying adult will recieve $600 and $300 per child, in an attempt to avoid a recession. Since my taxes were already filed, am I not entitled to this extra tax break?
For tax deferred IRA trading accounts, what happens when you start to draw out money with regards to tax burde
skahhh asked: n? Some of the stocks had dividends, some had profits, some losses? So how is the tax computed on the payouts? Is there anything I should be doing with this traditional IRA account to make sure that expenses and losses are taken into account correctly?
Who is eligible for the tax rebate check?
Stacy O asked: I am currently a student in college, but I work during breaks from school (summer and Christmas breaks). I get pretty much all my taxes back, but my parents claim me as a dependent on their taxes. Will I still get the tax rebate check because I am single and a tax [...]
Is it legal to charge sales tax on money that is being used to repay tax exempt bonds?
Sophia asked: Our community issued tax exempt bonds to build improvements to the utility system. A portion of our utility bill goes to repay that tax exempt bond. However, we are charged sales tax on ALL of the utility bill. Is this legal under the IRS and SEC rules, or should they [...]
Michelle Malkin » Live from the Cali tax revolt
We get to vote Tuesday.
