The Tax Preparation Blog

Archive for December, 2005

State government issues to watch in 2010

The Massachusetts House and Senate end their six-week winter recess Wednesday, gaveling in the second half of the 2009-2010 session, which will immediately feature the consideration of education legislation and ramifications from the election of a new U.S. senator.

Reid Works To Make Sales Tax Deductions Permanent For Nevadans

Fitch Rates Prescott, Arizona’s MPC Rev Bonds ‘AA-’; Affirms Outstanding Debt

AUSTIN, Texas—-Fitch Ratings assigns an ‘AA-’ rating to the following Prescott, Arizona Municipal Property Corporation revenue bonds:

Fairbanks Ranch deal protested

Fairbanks Ranch Country Club By Joe Tash Contributor The Fairbanks Ranch Country Club, according to its Web site, is a “distinctly private, member-owned Club consisting of the most prominent business, professional and social personalities of the community.” While the club itself may be private, its 27-hole golf course, opulent clubhouse and other facilities sit on public land, owned by the city …

Austin Real Estate Broker Reminds First Time Homebuyer Tax Credit Expires

Question: Gift Tax in India, Help Please?

My father-in-law is buying a car for me registered in my name paying the full amount, I want to know if its taxable under gift tax act in India. I have heard that tax is exempted if the gift was received on your wedding, I have been married since 2.5 years. Do i need a registered gift deed to prove it to the Income Tax department?

Answer: There is no tax on gifts to relatives.
Read about wealth and gift tax in India http://mytaxes.in/index.php?topic=19.0

Use company car, decline its leased flat: Experts

There are a few things, though, that they can do from next year to ensure their tax outgo is lower.

Cash Gifting $100 Anyone Can Afford This Cash Gifting Deal

French Government Urged to Tax Online Ad Revenue

A report commissioned by the French Minister of Culture Frédéric Mitterrand urges the introduction of a tax on online advertising such as that carried by Google, which would be used to pay the creators of artistic and other works who lose out to online piracy.

The Daily Geek #128 – Google Twitters, Yahoo’s Open, Tax Online Gambling, Michael Jackson, VP Biden