Posts Tagged ‘california’
Tax Return California
March 13th, 2008
Question: how to itemize California deductions for 2007 tax return?
I filed my taxes myself, but I believe I have misunderstood something.
In 2007 my wages were x dollars. I won a competition that resulted in an award of y dollars. I donated y dollars to a charity. However, I end up paying an extra $340 to California taxes than I would have paid if I won no award at all.Here is what happened. Since I won the award, I itemized my deductions for my California return, for a total of y dollars in deductions. My gross income for CA was x+y. After itemized deductions, my taxable income was x. If I had won no award at all, then my taxable income would be x-z, where z is the standard deduction. However, because I itemized, I did not get to take a standard deduction, so my taxable salary is x instead of x-z. I ended up paying $340 taxes on the amount z.
This seems like an inconsistency; what have I done wrong?
Answer: DUDE! THE CA TAKES ON THE FED AGI. AND CA MODIFY FED ITEMIZED. SO WHAT DA HAPPENING IN YOUR FED RETURN? THAT CAN EXPLAIN WHOLE LOT ABOUT IT
DUDE ARE YOU MAKING TOO MUCH MOOLAH? IT PHASES OUT DUDE. (PAGE 7)
http://www.ftb.ca.gov/forms/07_forms/07_540cains.pdf
DUDE IF YOU ITEMIZED ON FED YOU CAN USE STANDARD ON CA. IF YOU USE STANDARD ON FED YOU CAN USE ITEMIZED ON CA.
DUDE ARE YOU SAYING YOU ONLY HAVE CHARITABLE CONTRIBUTION ON CA ITEMIZED. DUDE DO YOU DRIVE A CAR? DMV VEHICLE REGISTRATION?
DUDE STATE TAX CANNOT BE DEDUCTED ON STATE TAX. DUDE THAT WILL BE WEIRED. DUDE THATS WHY IT MUST BE TAKE IT OUT. (CA PART II)
DUDE IT’S LIKE SAYING I WILL PAY MORE ON CA TAXES IN ORDER TO REDUCE CA STATE TAX. WHAT DA IS THE LOGIC.
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TurboTax Home & Business Federal + e-File + State 2010 – [Old Version] $7.99 Designed for sole proprietors, self-employed, consultants, 1099 contractors, and single-owner LLCs. Expanded interview walks you through entering business income and expenses to help you maximize business and personal deductions, home office deductions, depreciation and more. Create W-2 and 1099-MISC forms for your employees and contractors. The Intuit TurboTax Home & Business Tax Year 2010 Softwa… |
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TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH… |
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TurboTax Deluxe Federal + E-file + State 2011 $8.65 TurboTax Deluxe 2011 – Federal & State + E-File is ideal for maximizing deductions and saving more on taxes – and is easy for first time users. This software includes everything you need to do your taxes with ease, finding all the tax deductions and credits you deserve so that you get your biggest refund. With simple questions to guide you through the process, TurboTax Deluxe 2011 looks for deduct… |
Proposal would eliminate treasurer-tax collector in S.B. County
San Bernardino County supervisors will consider a proposal Tuesday to turn the duties of treasurer-tax collector over to the auditor-controller’s office.
SE 313 EP 6: THE BARBER WON’T GIVE ME NORTH CA MY TAX REFUND!
California Tax Cuts
February 29th, 2008
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Lethal Weapon 3 (Director’s Cut) $2.34 The lightest of the first three films, Lethal Weapon 3 finds everyone occupying comfortable positions like students who always choose to sit in the same classroom seats. Mel Gibson and Danny Glover return as LAPD partners whose working method consists of the former diving into danger and the latter holding back. (The sequence set in the parking garage of a building, in which Gibson inadvertently t… |
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TurboTax Deluxe Federal + E-file + State 2011 $8.65 TurboTax Deluxe 2011 – Federal & State + E-File is ideal for maximizing deductions and saving more on taxes – and is easy for first time users. This software includes everything you need to do your taxes with ease, finding all the tax deductions and credits you deserve so that you get your biggest refund. With simple questions to guide you through the process, TurboTax Deluxe 2011 looks for deduct… |
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TurboTax Deluxe Federal + e-File + State 2010 – [Old Version] $5.75 The Intuit TurboTax Deluxe Tax Year 2010 Software walks you through over 350 deductions including mortgage interest, charitable contributions, education, medical expenses and more. Audit Risk Meter™ helps you reduce your chance of an audit. ItsDeductible® helps you accurately value charitable donated items. The Intuit TurboTax Deluxe Tax Year 2010 Software also guides you through changes… |
Schwarzenegger declares budget emergency, proposes deep cuts
Gov. Arnold Schwarzenegger unveiled an $82.9 billion state spending plan today that calls for no tax hikes but envisions pay cuts for state workers, reductions in services to California’s neediest residents – and relies on the benevolence of the federal government.
Bass Questions Plan For Tax Breaks
California Tax Revenues
February 23rd, 2008
Question: Who funds the California Lottery?
Tax revenues? Donors? Who?
..excluding the millions of idiots who buy the tickets.
Answer: The California Lottery is profitable. Even though it is government run, they make money just like every other normal business. The people buying the product are the ones “funding” it.
The profits (supposedly) go towards California schools.
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Strange Bedfellows $1.99 In an attempt to get out of paying a hefty sum in back taxes, a straight, middle-aged Australian man (Paul Hogan) convinces his best pal (Michael Caton) to pretend to be his lover, exploiting a new law that allows rebates for gay couples. Now, the pair must go to hysterical lengths to convince a suspicious auditor (Pete Postlethwaite) they’re really in love. With Amanda Monroe, Glynn Nicholas. 100… |
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Confessions of a Tax Collector: One Man’s Tour of Duty Inside the IRS (P.S.) $2.00 Twelve years ago, Richard Yancey answered a blind ad in the newspaper offering a salary higher than what he’d made over the three previous years combined. It turned out that the job was for the Internal Revenue Service — the most hated and feared organization in the federal government. So Yancey became the man who got in his car, drove to your house, knocked on your door, and made you pay. Never … |
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INTERNAL REVENUE CODE: Income, Estate, Gift, Employment and Excise Taxes (Winter 2009 Edition) (Two Volume Set) $111.50 This comprehensive and authoritative resource provides full, unabridged text of the complete Internal Revenue Code in two volumes. CCH offers this tax information in a timely and reliable manner that business and tax professionals have come to expect and appreciate. This Winter Edition of Internal Revenue Code reflects all new statuatory tax changes enacted as of December 1, 2008. CCH’s Internal R… |
Schwarzenegger submits “draconian” California budget
California Governor Arnold Schwarzenegger proposed “draconian” spending cuts in his new budget on Friday to help close a crippling deficit and warned new cash shortages loomed in coming months.
Canibus commerical for California’s new tax revenue
Posted in California Taxes | 
Tags: budget, california, california tax revenues by year, gongzuo, hamp, recession | 
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California Tax Franchise Board
February 18th, 2008
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The California personal income tax microsimulation model (Occasional papers series) There is an island off the west coast of Ireand called Inis Muruch–the island of the Mermaids–a world where myth is more powerful than truth, and where death is never as strong as the redemptive powers of family and love. It is here that Lisa Carey sets her lyrical and sensual first novel, weaving together the voices and lives of three generations of Irish and Irish-American women…. |
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2001 California Package X ; Tax Forms Catalogue … |
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Tax Season Toolkit: everything you need to navigate through the busy season.(tax rules and regulations): An article from: California CPA $5.95 This digital document is an article from California CPA, published by California Society of Certified Public Accountants on December 1, 2005. The length of the article is 3020 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web brow… |
California Arts Council announces arts license plate fees are now charitable deductions
SACRAMENTO – A recent clarification from a state tax agency could be a significant boon for the arts in the state. California Arts License Plate fees are charitable deductions to the state of California for tax purposes, according to the Franchise Tax Board.
765 There is a tremendous POWER in everyone. Part 3
Posted in California Taxes |
Tags: board, ca, california, california tax franchise board address, california tax franchise board phone number, tax, taxes |
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California Tax Permit
February 18th, 2008
It Happened in 2009
Newsmaker of the Year Catalyst battles property taxes Catalyst Paper Corporation told the provincial government in early January that the amount of taxes it pays was unfair. It proposed moving to a consumption tax model and paying only for the services it uses, estimated to be about $1.5 million in each of the communities where it operates.
Getting Help – Ch. 3 – Basic Sales and Use Tax