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Posts Tagged ‘web2.0’

Fairbanks Ranch deal protested

Fairbanks Ranch Country Club By Joe Tash Contributor The Fairbanks Ranch Country Club, according to its Web site, is a “distinctly private, member-owned Club consisting of the most prominent business, professional and social personalities of the community.” While the club itself may be private, its 27-hole golf course, opulent clubhouse and other facilities sit on public land, owned by the city …

Austin Real Estate Broker Reminds First Time Homebuyer Tax Credit Expires

Question: Gift Tax in India, Help Please?

My father-in-law is buying a car for me registered in my name paying the full amount, I want to know if its taxable under gift tax act in India. I have heard that tax is exempted if the gift was received on your wedding, I have been married since 2.5 years. Do i need a registered gift deed to prove it to the Income Tax department?

Answer: There is no tax on gifts to relatives.
Read about wealth and gift tax in India http://mytaxes.in/index.php?topic=19.0

Use company car, decline its leased flat: Experts

There are a few things, though, that they can do from next year to ensure their tax outgo is lower.

Cash Gifting $100 Anyone Can Afford This Cash Gifting Deal

Question: tax question: how to report lump sum payment from foreign retirement account?

my wife (resident alient) got her retirement account paid out from here japanese employer when she quit. she paid japanese taxes on this. For the life of my I cannot figure out how to report this income and tax. form 1116? form 4972? any help is appreciated.

Answer: The U.S. and Japan have a treaty that states that income can not be double taxed by both countries. Check out www.irs.gov for more information.

Taxpayer Advocate Pushes for Fewer Tax Liens

National Taxpayer Advocate Nina Olson said the IRS needs to do better than answering only 71 percent of the calls it receives from taxpayers, and it should stop filing tax liens against people who don t have the ability to pay.

Health Care and Tax Reform