When to sell securities at a loss for a tax write-off
Question: If I sell a mutual fund to write off the loss on my tax return, do I face any restrictions on reinvesting the money? — Tom M., St.
The Temperature Tax – TierneyLab Blog – NYTimes.com
McKitrick’s idea is an elegant stab at having advocates put their money where their mouth is.
Tax Deadline Nears For Americans With Offshore Bank Accounts
Thursday is the deadline for Americans to come clean about the money they have hidden offshore, in places like Swiss bank accounts.
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 [...]
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?
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 [...]
Would you support a tax on energy to help global warming?
questioner asked: If Obama wins in November 2008, and the Democratic Party continues to have control of the Congress I understand that they plan to put a tax on energy to pay for development of alternative energy and discourage use. Of course this could mean a tax on gasoline and your energy bills at home. [...]
What tax form do I use to file my taxes if I had a pay out from a pension plan?
cat21159 asked: Before I left my previous job, I got money from the companies pension plan. I need to know what tax form to use. I have been using 1040ez.
Will students be affected by the AMT tax issue?
asked: I am a full time student, filing income taxes independently, who normally completes forms for the Education Credits. I’ve read that Form 8863 for Education Credits is one of the forms affected by the AMT tax law changes. Does this mean that students will have to wait until after February 11th to file [...]
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 [...]
