The Tax Preparation Blog

Posts Tagged ‘social’

Charleston ‘Landlord Ordinance’ Closer to Being Law

A bill that will force landlords to register their rental properties in Charleston is one step closer to becoming law.

Open for Questions: The President’s Health Reform Proposal

W.Va. Governor Pushing School Board to Become More Proactive

Gov. Joe Manchin is gearing up for a special session on education by telling the state School Board it needs to become more proactive about reform.

2nd Free Stater pays prop tax in ones – property, collector

Question: what is the address for the franchise tax board in california?

need the proper address to mail 2007 ESTIMATED tax
I am an individual taxpayer

Answer: If you live in California then use this address …
P.O. Box 7704
San Francisco, CA 94120-7704

Laughlin in brief – a collection of area events.

Wednesday, March 3, from 10 a.m.-noon PST; Saturday, March 20, from 10 a.m.-noon PDT; Thursday, April 1, 4-6 p.m.; Wednesday April 14, 4-6 p.m.; and Thursday, May 6, 4-6 p.m.

Accident Tax

Question: I have a house in Mumbai. But I stay in Hyderabad for job. Can I claim tax deduction for mumbai house?

I have a house in mumbai . I stay in a rented house in hyd ( for job).
. Can anyone explain what is the meaning of self occupied. Need that says i needs to stay in mumbai , or my dependents stay in mumbai or should I keep vaccant.
Right now I do not have any income from there and my family stays there.
Can any one explain if can i claim both HRA and Home loan tax deductions as per india tax laws.

Answer: Self occupied means not rented out. If your family is residing in the Mumbai house or if it is vacant then it means self occupied.

If you are receiving HRA then you can claim exemption on HRA u/s 10(13A). Even if you rent out the Mumbai house, still you can claim exemption on HRA because you stay in a rented house in Hyderabad.

You can also claim benefits u/s 80C & 24(b) on home loan for Mumbai house.

India tackles deficit in budget

India vowed Friday to rein in its gaping public deficit with a new budget that counts on higher tax revenue and sales of stakes in state firms to sustain the government’s flagship social spending.

Д.Медведев.Проблемы инвестиционного климата.02.02.10.Part 1

Question: Do I have pay sales tax to California when purchasing an out of state car?

I can’t seem to find a clean cut answer. I’m looking at a car from out of state and I am I live in California. I found this:

https://mv.dmv.ca.gov/FeeCalculatorWeb/index.jsp

on the DMV’s website, they have a calculator for vehicles registered outside of California, making the presumption that is what I am looking for, after I fill in all the information it says it would only cost $150 to register it here in California.

Total Use/Sales Tax (includes credit paid to another state): $0.00

Whats the tax credit it speaks of?

I read something about a sales/use tax, but in every explanation it rattled off into an example that had nothing to do with what I need to know. So basically my question is this. If I buy a car out of state, in California, will I not only have to pay that states tax to that state, but sales tax to California as well?

Thanks!

Answer: If you’re buying from a dealer, your home zip code will be all he needs to tax you accordingly. Input the zip and the software calculates the CA tax for your county. So you won’t have to pay twice.

If you’re buying from a private party, you won’t have to worry either. Since you’ll be registering it in CA and not in the state where you bought it, just go to your local DMV and pay your county tax plus reg fee.

A tax credit is this … you live in CA. you buy a car in AZ. The dealer doesn’t have to software installed to tax you at your home rate. So he taxes you by AZ rates. You take the car to your local DMV and register it in CA. You show the DMV you paid $XXX in AZ tax and fees. Your CA tax and fees is $YYY. So $YYY – $XXX = your total CA tax and fees paid to the DMV.

Jim Porter: California’s Lemon Law – good for car buyers

California’s Song-Beverly Consumer Warranty Act, in the Civil Code, also known as the “Lemon Law,” is one of the strongest in the country. Today’s column discusses the essence of the Lemon Law, should you have a problem following purchase or lease of a new vehicle. “Oh, I love that new car smell, the essence of lemon.” Cadillac Paul Lukather leased a new Cadillac from a dealer in Whittier with …

Cap and Trade (Tax)