The Tax Preparation Blog

Posts Tagged ‘economics’

Question: Tax Charts?

How do I Find the tax table charts for the past years, to see if my boyfriend will get money back or if he will owe?

Answer: www.irs.gov, “individual”, tax forms

1-800-829-1040

good luck & blessing

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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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2009 Year in Review

As 2009 draws to a close, it is time to look back some of the most important events of the last year. Electronic Growth. The futures industry continues to shift away from “open outcry trading” or “pit trading” to the faster and more efficient “electronic trading” or “screen trading.”

Summer chart series: Why economic and tax reform is crucial

Philosophy of the United States: Life, Liberty, and the Pursuit of Happiness $9.95 The United States has become a major world power. Once admired as a model of democracy and a hope for refugees everywhere, today it often appears as a self-absorbed bully to the rest of the world. Is the United States government a democracy or the nerve center of a world empire controlled by the wealthy? Is its foreign policy the will of the people or entirely aloof from that will?Philosophy of th…

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Punishment for accused Newark airport breacher Haisong Jiang does not fit the crime

Star-Ledger columnist: Cause airport havoc, get a slap on the wrist

NH man pays tax in Fives – Keene, New Hampshire

Question: Should the Federal Government “Bailout” states like Michigan and California?

These are states that have been run by Liberals exclusively for decades that have had economic problems for decades because they have created endless social programs that they simply cannot afford and burdened businesses with outrageous taxes and unreasonable Unions. Their economies have been bad since Carter was in office and there is no sign of a shift towards more Conservative policy, which means they will continue to go down. I say let them go belly up!
Silly Girl: How about we cut it off along with Washington and Oregon and make the whole west coast an island off od China? Maybe we can trade the West Coast and all of the people living there to China for forgivness of our debt?

Answer: Nope. I say we just let California fall off into the ocean.

edit:
LMFAO. That sounds perfect. Now if only I can manage to purchase a bus ticket to California for most of the welfare-collecting geniuses before then it will be a perfect plan.

State budget pictures bleak as lawmakers head back

ATLANTA (AP) — If you thought state budgets were in bad shape last year, just wait: 2010 promises to be brutal for lawmakers — many facing re-election — as they scramble to find enough money to keep their states running without raising taxes. Tax collections continue to sputter. Federal stimulus dollars are about to dry up. Rainy day funds have been tapped. And demand for services — like …

On Amendment to the Budget H.Con.Res. 85

Question: will there be TDS on a sale of house property by one NRI to another NRI?

NRI WANTS TO SELL A HOUSE PROPERTY SITUATED IN INDIA TO AN ANOTHER NRI. CONSIDERATION WILL BE PAID IN INR FROM HIS NRO ACCOUNT. WHETHER TDS TO BE DEDUCTED UNDER INCOME TAX ACT.? IF SO AT WHAT RATE?

Answer: No question of TDS at all. The buyer has to pay full amount to the seller. The seller has to show the gains as capital gains and has to pay tax. No question of TDS in this kind of transactions. I am 100% right in my answer.

For your information go through the TDS chart. It never says to deduct TDS on property at all.

http://www.incometaxmumbai.nic.in/taxpayer/tds.htm

Investing? How to avoid mistakes

Most people starting their careers feel liberated that they are finally earning money and, can actually spend it without seeking it from parents. They forget several important things, saving for the future, creating a retirement corpus and taxes.

Question: California Internet Sales Tax?

We are setting up an internet store in California. My partner told me that if we ship within California, we have to charge sales taxes according to the ship-to address’ County tax rate — instead of the tax rate of the County we are located (they differ by as much as 1%) Is this true? Can you please point me to an official publication I can reference, since this is a business and cannot afford to make a mistake.

Answer: You will also be required to collect tax in any other state where you have a physical presence. That includes where you allow your customers to return or exhange their purchases and have their purchases serviced by a third party.

They Take Our Jobs!: And 20 Other Myths about Immigration $6.59 Claims that immigrants take Americans’ jobs, are a drain on the American economy, contribute to poverty and inequality, destroy the social fabric, challenge American identity, and contribute to a host of social ills by their very existence are openly discussed and debated at all levels of society. Chomsky dismantles twenty of the most common assumptions and beliefs underlying statements like “I’m …

Top California Tax Issues for 2006 CPE Course $6.88 …

The impact of Proposition 13 (the Jarvis-Gann property tax initiative) on local government programs and services …

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Sentinel Morning Update: Middlesex Township tax increase approved

A 38 percent property tax increase may not be enough to keep Middlesex Township on solid financial ground in 2010, according to township supervisors.

Steve Forbes Argues for a Flat Tax