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Myriad Intnl Hldgs – Naspers Limited Results period ended 30.9.2010

Myriad Intnl Hldgs – Naspers Limited Results period ended 30.9.2010

Cruise Ship Jobs – Cruise Ship Employment – Travel Free

Question: Tax Question for my freelance job. Thanks?

Hi, I live in California and I have been doing some freelance work besides my full time day job, the freelance work I do generates about $3000 worth of extra income per month.
A couple friends of mine have been telling me the possibilites of putting some expenses as tax deductions for the income I get from freelancing. Expenses such as computer purchase, car lease payments, cell phone bills…etc
Can anyone give me an estimate on how much % of the expense are deductable for some of the items I mentioned?
Such as if I buy a $3000 laptop, how much of that would go into tax deduction?
thanks so much for helping

Answer: For your freelance work you will complete schedule C (Form 1040) where you can deduct your business expenses. This includes car mileage/car lease payments and phone bill based on percentage of business use.

The computer/laptop is capital expense. Normally you take depreciation for capital expense. However, if you use such goods for more than 50% for business you can deduct full amount under section 179 deduction. The business use must continue for five years.

For completing your tax return you should use software and do it yourself or use a tax preparer. Software will guide you about section 179 deduction.

Community Calendar

Submissions for Community Calendar are required 14 days preceding the date of publication. Send to: Niles Managing Editor, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026. Information may be faxed to (847) 486-7495 or e-mailed to mbottari@pioneerlocal.com.

Steve Poizner Speaks With Fortune Magazine’s Tech Talk

Question: Any body send me the professional tax slab in india?

Answer: The professional tax is State Tax and Central Tax. It differs from state to state. In States again it depends on area, that is Municipal Corporation area, Municipality area and Panchayat Board area.

In Andhra Pradesh (India) the collection of professional tax has been given to Commercial Tax department. For you to give an idea about A.P professional tax slabs, I am giving you the below link for your verification.

http://www.apcommercialtaxes.gov.in/ctportalnew/Acts/Appt/schindex.asp?act=APPT

Got Tax Questions? TurboTax Has Answers. For Free!

Taxpayers who want to plan for their 2010 returns can get a free answer to a personal tax question at www.freetaxquestion.com, starting today. The answers come courtesy of the tax experts at TurboTax®, the nation’s best-selling, No.1-rated tax software from Intuit Inc. .

www.ninakabra.com : Nina UK Property: “Know MORE so YOU Owe LESS” on Your UK Property Tax Bill

Question: FASFA question,i have divorced parents,and not living with either?

Problem:
I live with my uncle any my parents are divorced. my mom still claims me on her tax return but i don’t live with her.when i apply for fasfa i want to only put my dad and step moms information, will that be a problem? also my mom lives in the same state as i do and my dad lives in Canada so will it be a problem when i submit his income statements? are there any special rules/regulations if your parents live outside of the U.S. and also how do i know who has “custody over me” i think its both because there are not regulations i follow or anything
thanks, i need answers please

Answer: Which parent you report is very clear after you read the instructions on the fafsa. Notice it doesn’t ask who claims you on their tax form or what country they live in or who has custody.

What if you are a dependent student, but your parents are divorced or separated?

• You report information about the parent you lived with for the greater amount of time during the 12 months preceding the date you file your FAFSA application.

• If you didn’t live with either parent, or if you lived with each parent an equal amount of time, then use information about the parent who provided the greater amount of financial support during the 12 months prior to the date you file your FAFSA application.

• If you didn’t receive any parental financial support during that time, you must report information about the parent who most recently provided the greater amount of parental support.

Do I report stepparents’ information?
Your stepparent’s financial information is required on the FAFSA:
• If the parent you received financial support from was a single parent who is now married, or
• If the parent you received financial support from was divorced or widowed but has remarried.

Travelers Reports Third Quarter 2010 Net Income per Diluted Share and Operating Income per Diluted Share of $2.11 and …

The Travelers Companies, Inc. today reported net income of $1.005 billion, or $2.11 per diluted share, for the quarter ended September 30, 2010, compared to $935 million, or $1.65 per diluted share, for the quarter ended September 30, 2009.

Voluntary-Disclosure-Canada.com (Tax Amnesty Debt Penalty Unflied Unpaid Unreported Income)

Question: help about income tax matter?

I have feel Online Income tax Challan 280 but I don’t get receipt no. now i want to see my online challan status for submission of challan details but i did’t get it. where can i got the challan details.

Answer: when you have deposit your challan by internet banking a reference number is given by bank that ref. no is the detail of challan means

date. serial number and bsr code with the help of this information you may get the challan status through NSDL website..

Mr. Tulsi Gupta
91-9868119697
For Samarpan Consultancy Services

Taxman warns those who can’t pay

The Revenue’s Collector General is warning people who have difficulty meeting their tax bill because of the recession that they must still file accounts by October 31.

Your Money: Online Tax Filing