DroopyDog said...
I live in Missouri, I have sold a boat and I am buying a replacement boat. I have a couple of questions. First, am I able to reduce my sales tax by deducting the sale price of the first boat from the purchase price of the second? Second, is there any way to take advantage of the first time home buyer's tax break when buying a boat? Thanks.
Tuesday, February 23, 2010
Friday, February 19, 2010
Received letter from IRS
ct said...
SCENARIO: RECEIVED A LETTER FROM THE IRS STATING IF I FILED MY CHILDREN I WOULD BE FINED ETC. SINGLE PARENT DID NOT HAVE SS #S FOR THEM AT THE TIME, DUE TO I WAS NOT LISTED AS THE FATHER. THAT WAS 22 YEARS AGO. HAVE NOT FILED TAXES SINCE. PAID TAXES JUST HAVENT FILED. WHAT KIND OF SITUATION AM I IN ?
SCENARIO: RECEIVED A LETTER FROM THE IRS STATING IF I FILED MY CHILDREN I WOULD BE FINED ETC. SINGLE PARENT DID NOT HAVE SS #S FOR THEM AT THE TIME, DUE TO I WAS NOT LISTED AS THE FATHER. THAT WAS 22 YEARS AGO. HAVE NOT FILED TAXES SINCE. PAID TAXES JUST HAVENT FILED. WHAT KIND OF SITUATION AM I IN ?
Wednesday, February 17, 2010
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Thank you,
Web Tax Office Team
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Web Tax Office Team
Question about credit card and credit scores
Emily said...
Hi! I have a question regarded credit cards and credit score. My credit score is in the mid 700's right now and I really would like to keep it that way. I have about 5 open credit cards right now and all have a balance of zero. I would like to close about 3 of these for security purposes. Will this lower my credit score?
Thank you!
Hi! I have a question regarded credit cards and credit score. My credit score is in the mid 700's right now and I really would like to keep it that way. I have about 5 open credit cards right now and all have a balance of zero. I would like to close about 3 of these for security purposes. Will this lower my credit score?
Thank you!
Tuesday, February 16, 2010
Question relating to estate and your options
justalibragirl said...
I have questions about irrevocable trusts and special needs trusts. This is regarding a settlement from a lawsuit against my son's school district. It's a long story but there was a lump sum for relocation/damages awarded to me. My attorney says that she "thinks" I have to have it in an irrevocable trust. She has suggested that I put her in charge of it, but I don't know enough about any of this to make a decision. All I can find is that I can't have a family member as the trustee. Some pertinent background info: I am a single mother on permanent disability, I receive SSDI and Medicare. I also receive SSI and a low income subsidy on my Medicare through Medi-Cal. My son was just approved for federal SSI for his disability. I contacted Social Security. They said my benefits are not "needs based" and as such are not affected by the settlement. The only thing that may be affected is the low-income subsidy and SSI. However my son's benefits can be affected by the settlement because it counts as income for me. I have concerns about some of the decisions my attorney has made in our case and do not feel entirely comfortable having her in charge of the settlement. I need to know what my options are. Thank you.
I have questions about irrevocable trusts and special needs trusts. This is regarding a settlement from a lawsuit against my son's school district. It's a long story but there was a lump sum for relocation/damages awarded to me. My attorney says that she "thinks" I have to have it in an irrevocable trust. She has suggested that I put her in charge of it, but I don't know enough about any of this to make a decision. All I can find is that I can't have a family member as the trustee. Some pertinent background info: I am a single mother on permanent disability, I receive SSDI and Medicare. I also receive SSI and a low income subsidy on my Medicare through Medi-Cal. My son was just approved for federal SSI for his disability. I contacted Social Security. They said my benefits are not "needs based" and as such are not affected by the settlement. The only thing that may be affected is the low-income subsidy and SSI. However my son's benefits can be affected by the settlement because it counts as income for me. I have concerns about some of the decisions my attorney has made in our case and do not feel entirely comfortable having her in charge of the settlement. I need to know what my options are. Thank you.
Thursday, February 11, 2010
Question relating to refund from recalled vehicle.
Dear cashnow, the money received from Toyota is not income to you. Therefore not taxable. You simply are receiving a refund of purchase return.
Thanks,
Web Tax Office Team
http://webtaxoffice.com
Thanks,
Web Tax Office Team
http://webtaxoffice.com
Monday, February 1, 2010
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Web Tax Office Team
Thank you for your visit to our blog. We hope to continue to serve you with our valuable advice and recommendations.
Thank You,
Web Tax Office Team
Question relating to business
I found your blog and wasn't sure how to go about asking a question on there.
Here's my question:
I am a single mom w/ 2 kids and for the first time ever, my business w/ it's own tax id# has earned enough that I have to file a return for it. The total earnings for this business are $2000. Is there a way to do a joint return including myself and this tax id#, or do I need to file 2 separate returns? If both are possible, which would you recommend, and why?
Thanks for your help,
Amy
Here's my question:
I am a single mom w/ 2 kids and for the first time ever, my business w/ it's own tax id# has earned enough that I have to file a return for it. The total earnings for this business are $2000. Is there a way to do a joint return including myself and this tax id#, or do I need to file 2 separate returns? If both are possible, which would you recommend, and why?
Thanks for your help,
Amy
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