The Tax Preparation Blog

Archive for August, 2007

Seacoast area Chamber leaders band against new tax on some LLCs

PORTSMOUTH — The leaders of numerous Seacoast area chambers of commerce have banded together to express frustration with a new tax law they say was passed without proper public input and could deeply impact small businesses.

IncomeTax is Unconstitutional and no law exist that requires you to pay if you don’t file. (Conspiracy)

Letters to the editor: Jan. 11, 2010

Here are letters to the editor from Daily News editions of Jan. 11, 2010:Letter of the Day: Payback timeEditor, Daily News:In a story headlined “Feasibility issue keeps dog park backers from getting a plan with bite” (Dec. 30, Daily News), Jenna Buzzacco-Foerster describes the difficulties faced by dog owners seeking places to spend time with their pets.If dogs are thought of as toys or fashion …

Rep. Pascrell speaks on H.R. 3590 – Service Members Home Ownership Tax Act of 2009

Banks drop threats to quit UK

Report says City office rents will rise by 10.5% in 2010 City of London office rents will rise sharply this year thanks to improving confidence among financial institutions and supply shortages, according to a report that plays down fears that banks are fleeing the UK. A lack of office space and the strongest demand for two years will push up rents in the City of London by 10.5% in 2010 …

Question: If I sell some shares, will the whole thing be taxed, or just the difference?

I know that money acquired through the sale of stock is taxed, but is the difference between the initial and final amount taxed, or the entire amount?

I remember seeing a tax bracket table where the smallest percentage was 10. How can anyone make any money below 10% growth if that is exactly the amount you are taxed?

Answer: You only get taxed on the gains or losses. If you invest 100 and sell for 150 only the 50 will get taxed. Also, if you invest 100 and sell for 50 you can claim the 50 loss as capital loss.

This are called Capital Gain Tax or Capital Loss.

Kyl has cowboy lunch in county

A person quickly realizes the significance of an event when the featured speaker arrives in a black government sport utility vehicle and is flanked by Secret Service agents.

Excel Magic Trick 453: VLOOKUP for Commission Brackets Calculation (LOOKUP function also)

Question: online car tax ?

My car tax disc is getting expired on 31st of this month. Can i buy online on last day i.e. 31st or i have to buy few days before. i m only able to buy on 31st though otherwise i have to go to post office n stand in long que’s

Answer: If you leave it that late you will still be unable to drive your car until you actually get the disc through the post so it’s best to either brave the queues at the post office or do it on line today and you will have it by the end of the week. You cannot technically drive your car without the disc even though it may be in the post.

Comcast, FCC take net neutrality dispute to court

(AP) — The Federal Communications Commission staked out new ground nearly three months ago when it began drafting rules that would require Internet providers to give equal treatment to all data flowing over their networks.

Don’t buy a 2006 tax cd! File Late instead!