Quinn: ‘Only way to be honest’ on budget is tax hike
Lawmakers will return to Springfield tomorrow as a budget deadline looms and today 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 [...]
why did turbo tax not take my state income return from the previous year and put it as income?
yapps26 asked: I have always used turbo tax and this year i received a form from the IRS stating that we owed taxes on previous state income. Shouldnt Turbo tax have picked this up?
I am in the state of VA – and did itemize. Turbo tax automaticly put the income in the state files but [...]
Can I get a tax rebate for local taxes paid where I am employed if I am working in a non tax location?
mark w asked: I live in a township so there are no local income taxes for my residence.
The income tax is paid to the city where my office is located.
I do service work so am out of the state and or country much of the year.
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?
How much US tax do I have to pay working for a foreign company as a US citizen?
Lilli asked: I am aware that I have to pay US income tax if my income exceeds certain amount even if I work for a foreign company in a foreign country and pay tax and social security of this country
My question is how much do I have to pay US tax after I already paid [...]
What are the tax rules regarding assigning income to another tax payer?
Alissa asked: What are the rules regarding a tax payer assigning income from personal services rendered to another tax payer? Ex. A football player assigns his son 5% of his income. Can you do that and how would that affect his taxes?
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 [...]
Tax Implications of transferring A Rental Property out of a multi member LLC to one of the members?
akeme asked: Have a 50% stake in a GA based LLC which was used to purchase a rental property for cash in GA.
Approached the Bank to refinance the property. Bank says I would need to take the loan in my personal name.
If I quit claim the property into my name [...]
How much income tax do savings cost?
MHrice73 asked: I’ve heard that you only have to pay income tax on savings accounts if you take out money. Is that true? If you do take out money how much do you have to pay. What if you took out money to pay for classes, will you have to pay less income tax; how [...]
