How can Obama “give a tax break” to people who don’t pay taxes?
dmbfans101 asked: Obama’s tax break for 95% of people includes 40+% of people that do not pay taxes. Plus he is not planning to extend the Bush tax cuts, therefor increasing taxes on 49% or tax payers.
How can I reduce the tax I have to pay for the dividends I received in 2006 from stocks?Catch up on IRA?
Susan Lee asked: Instead of re-investing the dividends in the stock I have, I requested and got them to pay me the dividends to supplement my income. I took early retirement and worked part-time in 2006. I did not put any money into IRA for 2006. In my parttime job, I had [...]
How do I pay more taxes/forfeit my tax return?
Pearl Jam asked: I’m 17 and I just got a job with McDonald’s, and I’ve heard about tax returns, and I was wondering how I can pay more taxes and let the government keep my tax return. Is this possible? I want to pay more taxes that the government can actually keep. Thanks
I want to [...]
Need to “short sell” on my house what are my tax issues if any?
Jon W asked: I am in a forclosure situation:
Purchase Price: 275,000 (2004)
Refinanced in 2005 and took out a Heloc
Heloc: 100,000
My estimated price for selling is going to be 330,000. Will I have to pay any taxes on the potential sell of my house. If so are there any ways out ie: proving financial hardship.
In a sole proprietorship, can you hire consultants to do work and not have to worry about tax issues?
Matthew M asked: I run a sole proprietorship business that offers technology services. Periodically I get work requests that fall outside of my knowledge and experience.
In those situations, I’d like to be able to enlist outside consultants and pay them for the work.
My question is, can i do this without having to pay [...]
When doing work for Tax Exempt church, should I still include sales tax for materials I buy to do the work?
halenstone2 asked: I’m a small contractor in Texas. I’m bidding on a project for a Church that is Tax Exempt. I won’t charge the tax to perform the project, but what about the materials I buy? Will the tax exempt form clear me from having to pay for taxes on them, and [...]
