What are the firms income tax liability and its after tax income? What are the company's marginal and average
Q. The Tally Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest changes of $50,000, (2) dividends received of $15,000 (3) dividends paid of $25,000 and (4) income taxes. What are the firms income tax liability and its after tax income? What are the company's marginal and average tax rates on taxable income?
Asked by Trease71 - Sun Apr 20 19:48:18 2008 - - 1 Answers - 0 Comments
A. Try posting this in the homework forum.
Answered by wartz - Mon Apr 21 22:55:46 2008
Q. The Tally Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest changes of $50,000, (2) dividends received of $15,000 (3) dividends paid of $25,000 and (4) income taxes. What are the firms income tax liability and its after tax income? What are the company's marginal and average tax rates on taxable income?
Asked by Trease71 - Sun Apr 20 19:48:18 2008 - - 1 Answers - 0 Comments
A. Try posting this in the homework forum.
Answered by wartz - Mon Apr 21 22:55:46 2008
What is the annual income I should write on the form I-864, Total income or adjusted gross income?
Q. I'm self employed, and, in my tax return my total income is enough to be a sponsor, but after "self employed taxes", my adjusted gross income falls a little behind the line. They ask to write my adjusted gross income for the last three yeas, I understand that, but I don't know what to write on line 23 where they ask my "individual annual income". Any help? Thanks Ok, just to be sure, so it's not adjusted gross income?
Asked by Sandy - Wed Sep 10 21:34:01 2008 - - 1 Answers - 1 Comments
A. Self-employment taxes are not a reduction from gross income to arrive at AGI. The instructions tell you to show your total earned income or retirement income for the year. That's what you put down -- total earned income, etc. Earned income is income from wages or self-employment. It does not include unearned income such as dividends, interest, capital gains, etc. Total income is always before any taxes, since eveyone's tax situation is unique.
Answered by Bostonian In MO - Wed Sep 10 23:52:47 2008
Q. I'm self employed, and, in my tax return my total income is enough to be a sponsor, but after "self employed taxes", my adjusted gross income falls a little behind the line. They ask to write my adjusted gross income for the last three yeas, I understand that, but I don't know what to write on line 23 where they ask my "individual annual income". Any help? Thanks Ok, just to be sure, so it's not adjusted gross income?
Asked by Sandy - Wed Sep 10 21:34:01 2008 - - 1 Answers - 1 Comments
A. Self-employment taxes are not a reduction from gross income to arrive at AGI. The instructions tell you to show your total earned income or retirement income for the year. That's what you put down -- total earned income, etc. Earned income is income from wages or self-employment. It does not include unearned income such as dividends, interest, capital gains, etc. Total income is always before any taxes, since eveyone's tax situation is unique.
Answered by Bostonian In MO - Wed Sep 10 23:52:47 2008
What is the difference between an income tax and a payroll tax?
Q. What is the difference between an income tax and a payroll tax? A. Income taxes reduce the demand for harmful goods while payroll taxes don't affect this demand. B. Income taxes are collected based on income while payroll taxes are collected based on wealth. C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs. D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.
Asked by Pay Roll - Sun Dec 13 18:05:54 2009 - - 2 Answers - 0 Comments
A. payroll-software | payroll-services | payroll-online | payroll:
Answered by per tamax - Mon Dec 14 05:58:55 2009
Q. What is the difference between an income tax and a payroll tax? A. Income taxes reduce the demand for harmful goods while payroll taxes don't affect this demand. B. Income taxes are collected based on income while payroll taxes are collected based on wealth. C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs. D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.
Asked by Pay Roll - Sun Dec 13 18:05:54 2009 - - 2 Answers - 0 Comments
A. payroll-software | payroll-services | payroll-online | payroll:
Answered by per tamax - Mon Dec 14 05:58:55 2009
What is income Tax expense a percetage of?
Q. I have an adjusting journal entry that says Income Tax Expense is .32 with no extraordinary or unusual items to consider in this calculation. What is this a percentage of? What is the calculation? I have the entry as a debt to Income Tax Expense and a Credit to Income Tax Payable.
Asked by eight20one - Tue Oct 9 01:18:43 2007 - - 2 Answers - 0 Comments
A. Income Tax Expense is a percentage of Net Income. Your entry is correct. So you have to calculate Net Income Before Income Tax, skip a line, put Income Tax and the formula of .32*the cell with NIBIT, then total it and call it Net Income After Income Tax.
Answered by Frank - Tue Oct 9 07:25:03 2007
Q. I have an adjusting journal entry that says Income Tax Expense is .32 with no extraordinary or unusual items to consider in this calculation. What is this a percentage of? What is the calculation? I have the entry as a debt to Income Tax Expense and a Credit to Income Tax Payable.
Asked by eight20one - Tue Oct 9 01:18:43 2007 - - 2 Answers - 0 Comments
A. Income Tax Expense is a percentage of Net Income. Your entry is correct. So you have to calculate Net Income Before Income Tax, skip a line, put Income Tax and the formula of .32*the cell with NIBIT, then total it and call it Net Income After Income Tax.
Answered by Frank - Tue Oct 9 07:25:03 2007
Will US income grow if illegal immigrants start paying taxes to US government?
Q. If all the illegal immigrants start paying income tax ( not all of them pay income taxes) will it help US economy from debt over the years? Also if they do get legal what could happen to the economy. because they already have jobs, illegally. So making them legal to work in US could or could not help the Government by more income ? let me know what you may think.
Asked by Nisar - Tue May 18 14:59:53 2010 - - 4 Answers - 0 Comments
A. why would we make them legal? why not send them all home.
Answered by redbeard - Tue May 18 15:02:17 2010
Q. If all the illegal immigrants start paying income tax ( not all of them pay income taxes) will it help US economy from debt over the years? Also if they do get legal what could happen to the economy. because they already have jobs, illegally. So making them legal to work in US could or could not help the Government by more income ? let me know what you may think.
Asked by Nisar - Tue May 18 14:59:53 2010 - - 4 Answers - 0 Comments
A. why would we make them legal? why not send them all home.
Answered by redbeard - Tue May 18 15:02:17 2010
How is Income verified when you do a document income loan?
Q. How do they verify your income? If you do a documented income loan for a home refi?
Asked by MusicMatchTheseSongsThnx - Sat Mar 1 15:16:00 2008 - - 2 Answers - 0 Comments
A. CIA is a baby. They know all about our life from 18 (adresses, everything) I found The best info about your Question HERE: (VERY good loans - c.cards - credit repair & score; info) Good luck!
Answered by romy - Sat Mar 1 15:34:29 2008
Q. How do they verify your income? If you do a documented income loan for a home refi?
Asked by MusicMatchTheseSongsThnx - Sat Mar 1 15:16:00 2008 - - 2 Answers - 0 Comments
A. CIA is a baby. They know all about our life from 18 (adresses, everything) I found The best info about your Question HERE: (VERY good loans - c.cards - credit repair & score; info) Good luck!
Answered by romy - Sat Mar 1 15:34:29 2008
Are state income taxes based on the address of the employer or the employee?
Q. I worked in New York over the summer, but I'm a California resident, and I used my California address for all the paperwork, so that's the address listed on my W-2 (and also where all my paychecks were sent). I have to file tax returns for both states either way, but I'm not sure whether to list my summer pay as NY or CA income. Is what state my income was earned in determined by my employer's address, or by my address as listed on my W-2? If it's considered NY income, then do I file my CA tax return as a part-year resident, or will I have to CA tax on it as well?
Asked by EmilyRose - Tue Apr 10 22:24:03 2007 - - 3 Answers - 0 Comments
A. pisceswise is correct, but not complete. You will file a NY Non Resident return for your New York income only. You will file a CA Resident Return for all income including the income earned in NY. CA should give you a credit for taxes paid to NY. If CA's tax rate is higher than NY, your credit should be the total amount of tax paid to NY. If CA is lower, then your credit will be limited to the tax that CA would have assessed on that income.
Answered by Mark S - Wed Apr 11 00:38:13 2007
Q. I worked in New York over the summer, but I'm a California resident, and I used my California address for all the paperwork, so that's the address listed on my W-2 (and also where all my paychecks were sent). I have to file tax returns for both states either way, but I'm not sure whether to list my summer pay as NY or CA income. Is what state my income was earned in determined by my employer's address, or by my address as listed on my W-2? If it's considered NY income, then do I file my CA tax return as a part-year resident, or will I have to CA tax on it as well?
Asked by EmilyRose - Tue Apr 10 22:24:03 2007 - - 3 Answers - 0 Comments
A. pisceswise is correct, but not complete. You will file a NY Non Resident return for your New York income only. You will file a CA Resident Return for all income including the income earned in NY. CA should give you a credit for taxes paid to NY. If CA's tax rate is higher than NY, your credit should be the total amount of tax paid to NY. If CA is lower, then your credit will be limited to the tax that CA would have assessed on that income.
Answered by Mark S - Wed Apr 11 00:38:13 2007
How do state income taxes work when working in MI and living in TN?
Q. I recently moved from Michigan to Tennessee, and am continuing to work remotely for the same company. I understand that under normal circumstances, the two states would do some sort of weird mathematical equation behind the scenes to figure who gets how much tax on my income. How does this work in Tennessee, which has no state income tax on wages? Have I chosen poorly by moving to a state where sales tax is higher to help compensate for the lack of income tax, or will I get some sort of credit next year?
Asked by Decepticon - Sun Mar 23 11:07:30 2008 - - 2 Answers - 0 Comments
A. Since you have moved to TN, the State of MI is no longer allowed to tax your wages as of the date that you became a TN resident. File a part-year MI resident return for the year that you moved, showing ONLY the income you earned while living and working in MI. The income you earned after you moved is no longer subject to MI State income taxes. You should also notify your employer to stop withholding MI state taxes as you are no longer a MI resident or working in MI. The location of your employer is irrelevant to the State's ability to tax your wages. You must either be domiciled in the state or perform work for compensation within the state's borders to be subject to its tax laws. For most citizens, the issue of domicile is… [cont.]
Answered by Bostonian In MO - Sun Mar 23 11:20:22 2008
Q. I recently moved from Michigan to Tennessee, and am continuing to work remotely for the same company. I understand that under normal circumstances, the two states would do some sort of weird mathematical equation behind the scenes to figure who gets how much tax on my income. How does this work in Tennessee, which has no state income tax on wages? Have I chosen poorly by moving to a state where sales tax is higher to help compensate for the lack of income tax, or will I get some sort of credit next year?
Asked by Decepticon - Sun Mar 23 11:07:30 2008 - - 2 Answers - 0 Comments
A. Since you have moved to TN, the State of MI is no longer allowed to tax your wages as of the date that you became a TN resident. File a part-year MI resident return for the year that you moved, showing ONLY the income you earned while living and working in MI. The income you earned after you moved is no longer subject to MI State income taxes. You should also notify your employer to stop withholding MI state taxes as you are no longer a MI resident or working in MI. The location of your employer is irrelevant to the State's ability to tax your wages. You must either be domiciled in the state or perform work for compensation within the state's borders to be subject to its tax laws. For most citizens, the issue of domicile is… [cont.]
Answered by Bostonian In MO - Sun Mar 23 11:20:22 2008
How does rental income on a 1st mortgage affect mortgage affordability on a second home?
Q. For example if my 1st mortgage is $1000 per month and i charge a rental income of $1000 per month, is it a wash? Or do i get the $1000 rental income added to my gross monthly income and have the $1000 mortgage payment added to my monthly liabilities?
Asked by Ronaldo - Tue Sep 16 14:44:50 2008 - - 4 Answers - 0 Comments
A. I've been through this several times. A lot depends on the specific lender but here are the basics. 1. All lenders factor in something for vacancies and repairs when calculating your rent income. My lenders count 80% of the rent as income, some lenders only 75%. At 80% a lender would say you've got $800 income per month, a $1,000 payment, so you'd have a net loss of $200 per month. 2. Some lenders require a history of rent for a property before they'll count it as income. Some require a year, some 2 years. The reason for this is to substantiate your claim of $1,000 a month rental income. In other words, what's to stop you from saying it's $1,000 a month when it's really $600?
Answered by 9 daughters - Tue Sep 16 15:07:30 2008
Q. For example if my 1st mortgage is $1000 per month and i charge a rental income of $1000 per month, is it a wash? Or do i get the $1000 rental income added to my gross monthly income and have the $1000 mortgage payment added to my monthly liabilities?
Asked by Ronaldo - Tue Sep 16 14:44:50 2008 - - 4 Answers - 0 Comments
A. I've been through this several times. A lot depends on the specific lender but here are the basics. 1. All lenders factor in something for vacancies and repairs when calculating your rent income. My lenders count 80% of the rent as income, some lenders only 75%. At 80% a lender would say you've got $800 income per month, a $1,000 payment, so you'd have a net loss of $200 per month. 2. Some lenders require a history of rent for a property before they'll count it as income. Some require a year, some 2 years. The reason for this is to substantiate your claim of $1,000 a month rental income. In other words, what's to stop you from saying it's $1,000 a month when it's really $600?
Answered by 9 daughters - Tue Sep 16 15:07:30 2008
What is the minumum income in order to report and pay taxes?
Q. What is the minumum annual income for reporting your income to the IRS? What is the minumum annual income for paying taxes to the IRS?
Asked by Advisory Service - Thu Feb 7 12:43:30 2008 - - 3 Answers - 0 Comments
A. you don't have to file taxes unless you make more than the standard deduction and personal exemption for your filing status. if you're single, it's 5350 + 3400, so 8750. if you haven't made that much the entire year, then you don't have to file.
Answered by dewkisses02 - Thu Feb 7 12:46:59 2008
Q. What is the minumum annual income for reporting your income to the IRS? What is the minumum annual income for paying taxes to the IRS?
Asked by Advisory Service - Thu Feb 7 12:43:30 2008 - - 3 Answers - 0 Comments
A. you don't have to file taxes unless you make more than the standard deduction and personal exemption for your filing status. if you're single, it's 5350 + 3400, so 8750. if you haven't made that much the entire year, then you don't have to file.
Answered by dewkisses02 - Thu Feb 7 12:46:59 2008
How much income is needed to be able to file income tax in IL?
Q. I made close to $4,000 last year and I have two dependents and I was wondering is it enough to file income tax and if so, what is the estimated amount I may get back? Thanks.
Asked by lovelyheart - Wed Jan 28 11:53:05 2009 - - 2 Answers - 0 Comments
A. 1) Yes you can file if you want to get the money they took out of your pay during the year (period you worked that year). Federal witholdings is what its called. So yes for that reason. 2) Yes, you have 2 dependents and with 4000 I think you would still get the maximum EIC plus Child Tax Credits. Now this is tricky because you have to be under a certain age for the Child Tax Credit but you have to meet certain criteria for the EIC (Earned Income Credit)... 3) I could give you an exact estimate if you want and let you know exactly what you would get back but I would need more details in order to do your calculations!
Answered by Jarrell J - Wed Jan 28 11:59:45 2009
Q. I made close to $4,000 last year and I have two dependents and I was wondering is it enough to file income tax and if so, what is the estimated amount I may get back? Thanks.
Asked by lovelyheart - Wed Jan 28 11:53:05 2009 - - 2 Answers - 0 Comments
A. 1) Yes you can file if you want to get the money they took out of your pay during the year (period you worked that year). Federal witholdings is what its called. So yes for that reason. 2) Yes, you have 2 dependents and with 4000 I think you would still get the maximum EIC plus Child Tax Credits. Now this is tricky because you have to be under a certain age for the Child Tax Credit but you have to meet certain criteria for the EIC (Earned Income Credit)... 3) I could give you an exact estimate if you want and let you know exactly what you would get back but I would need more details in order to do your calculations!
Answered by Jarrell J - Wed Jan 28 11:59:45 2009
What proportion of your income should be spent on car payments ?
Q. I was wondering what proportion of your income should be spent on car payments. If you should only spend no more than 25% and of your income on rent to be safe financially, I am assuming that no more than 10% of your income should be spent on car payments. Is this a good estimate of how much money I should spend on my next new car yearly?
Asked by Miami Vice - Sat Jul 25 22:43:45 2009 - - 3 Answers - 0 Comments
A. You should save up your money and pay cash for a decent used car. No payments.
Answered by David M - Sat Jul 25 23:11:50 2009
Q. I was wondering what proportion of your income should be spent on car payments. If you should only spend no more than 25% and of your income on rent to be safe financially, I am assuming that no more than 10% of your income should be spent on car payments. Is this a good estimate of how much money I should spend on my next new car yearly?
Asked by Miami Vice - Sat Jul 25 22:43:45 2009 - - 3 Answers - 0 Comments
A. You should save up your money and pay cash for a decent used car. No payments.
Answered by David M - Sat Jul 25 23:11:50 2009
What annual income is needed to buy a $325,000 house?
Q. I am planning to purchase my first home in the next 6 months. Just wondering what is the average yearly income requirements are for a mortgage loan of this amount? My annual income is just over $90,000 will I qualify?
Asked by michelle - Tue Aug 4 12:24:51 2009 - - 9 Answers - 0 Comments
A. Housing payments are typically composed of four items: Principal, Interest, Taxes, and Insurance (often called PITI). Many first time buyers are not aware of the big picture of the financial responsibility that is required when you own a home. Principal and Interest are linked together and are paid to the bank on a monthly basis. Taxes are due twice a year, and insurance is typically an annual policy. However, many borrowers opt to set aside money monthly in an "impound" or "escrow" account. This way they accumulate money to pay the taxes and insurance rather than having to come up with a lump sum when the obligations come due. As for qualifying, there are four basic areas that the bank looks at: Credit Scores, Loan-To-Value, Debt-To- [cont.]
Answered by mellis4949 - Tue Aug 4 12:43:27 2009
Q. I am planning to purchase my first home in the next 6 months. Just wondering what is the average yearly income requirements are for a mortgage loan of this amount? My annual income is just over $90,000 will I qualify?
Asked by michelle - Tue Aug 4 12:24:51 2009 - - 9 Answers - 0 Comments
A. Housing payments are typically composed of four items: Principal, Interest, Taxes, and Insurance (often called PITI). Many first time buyers are not aware of the big picture of the financial responsibility that is required when you own a home. Principal and Interest are linked together and are paid to the bank on a monthly basis. Taxes are due twice a year, and insurance is typically an annual policy. However, many borrowers opt to set aside money monthly in an "impound" or "escrow" account. This way they accumulate money to pay the taxes and insurance rather than having to come up with a lump sum when the obligations come due. As for qualifying, there are four basic areas that the bank looks at: Credit Scores, Loan-To-Value, Debt-To- [cont.]
Answered by mellis4949 - Tue Aug 4 12:43:27 2009
When filing income taxes, what to do if the loss is greater then the total annual income?
Q. Can you still write off the loss, if it exceeds the total annual income? The loss was due to a bad real estate investment. Vacant land that i had to sale for only 1/3 my purchase price, due to declined market. That loss is greater then my annual income.
Asked by shutterbug - Sun Aug 3 21:21:24 2008 - - 5 Answers - 0 Comments
A. You report the sale of the land on Schedule D. If you have capital gains, those gains will be offset by part of the loss. In addition, you can take a maximum of $3,000 of the loss against your other income. Any leftover loss will be carried forward to the next year, where you will proceed as you did the first year. For more details, see IRS Pub 550 Investment Income and Expenses.
Answered by ninasgramma - Sun Aug 3 23:54:09 2008
Q. Can you still write off the loss, if it exceeds the total annual income? The loss was due to a bad real estate investment. Vacant land that i had to sale for only 1/3 my purchase price, due to declined market. That loss is greater then my annual income.
Asked by shutterbug - Sun Aug 3 21:21:24 2008 - - 5 Answers - 0 Comments
A. You report the sale of the land on Schedule D. If you have capital gains, those gains will be offset by part of the loss. In addition, you can take a maximum of $3,000 of the loss against your other income. Any leftover loss will be carried forward to the next year, where you will proceed as you did the first year. For more details, see IRS Pub 550 Investment Income and Expenses.
Answered by ninasgramma - Sun Aug 3 23:54:09 2008
What is the Amount of Income Required To File a Tax Return?
Q. Hi, (1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual. (2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ? (3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ? (4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state &… [cont.]
Asked by John - Fri Oct 5 06:15:04 2007 - - 5 Answers - 0 Comments
A. (1) If you are a single, unmarried person with no self-employment income, and not a dependent, the filing requirements by year are: 1990 5300 1991 5550 1992 5900 1993 6050 1994 6250 1995 6400 1996 6550 1997 6800 1998 6950 1999 7050 2000 7200 2001 7450 2002 7700 2003 7800 2004 7950 2005 8200 2006 8450 2007 8750 If you had net self-employment income of $400 or more, you are required to file for any of the above years. (2) If you are required to file a federal return, you are usually required to file a state return. If you are not required to file a federal return, you are usually not required to file a state return. But there are exceptions. Contact your state Department of Revenue or equivalent for forms for back years. (3) No,… [cont.]
Answered by ninasgramma - Fri Oct 5 08:39:45 2007
Q. Hi, (1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual. (2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ? (3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ? (4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state &… [cont.]
Asked by John - Fri Oct 5 06:15:04 2007 - - 5 Answers - 0 Comments
A. (1) If you are a single, unmarried person with no self-employment income, and not a dependent, the filing requirements by year are: 1990 5300 1991 5550 1992 5900 1993 6050 1994 6250 1995 6400 1996 6550 1997 6800 1998 6950 1999 7050 2000 7200 2001 7450 2002 7700 2003 7800 2004 7950 2005 8200 2006 8450 2007 8750 If you had net self-employment income of $400 or more, you are required to file for any of the above years. (2) If you are required to file a federal return, you are usually required to file a state return. If you are not required to file a federal return, you are usually not required to file a state return. But there are exceptions. Contact your state Department of Revenue or equivalent for forms for back years. (3) No,… [cont.]
Answered by ninasgramma - Fri Oct 5 08:39:45 2007
How is NJ and Federal Estate and Income Tax handled for annuities and life insurance?
Q. Serving as executor - both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income tax - assuming there is a income tax liability.
Asked by Elisabeth F - Wed Jan 9 09:52:38 2008 - - 1 Answers - 0 Comments
A. Annuities are taxable. Life insurance is not. Each recipient will be responsible for any tax obligation as the amount will be added to the respective income for the current year paid.
Answered by ed - Wed Jan 9 09:57:59 2008
Q. Serving as executor - both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income tax - assuming there is a income tax liability.
Asked by Elisabeth F - Wed Jan 9 09:52:38 2008 - - 1 Answers - 0 Comments
A. Annuities are taxable. Life insurance is not. Each recipient will be responsible for any tax obligation as the amount will be added to the respective income for the current year paid.
Answered by ed - Wed Jan 9 09:57:59 2008
How do I report internationl income for my California based LLC?
Q. I just want to know how I would report international income on my IRS tax return. We own a service business and now have international partners who generate income for our company. The money is deposited in our international bank accounts then transferred to our business bank in the USA. How do we report this income to make sure we are in full compliance with existing law?
Asked by crazysteve51 - Tue Jan 8 00:57:53 2008 - - 4 Answers - 0 Comments
A. Any money that is payment to LLC held in your foreign banks or in the U.S. bank must be accounted. Yes, if a U.S. citizen or resident has foreign accounts, he/she may be required to file Form Form TD F 90-22.1 with the Department of Treasury by June 30, 2008. The Form TD F 90-22.1 can be download from:
Answered by MukatA - Tue Jan 8 04:11:55 2008
Q. I just want to know how I would report international income on my IRS tax return. We own a service business and now have international partners who generate income for our company. The money is deposited in our international bank accounts then transferred to our business bank in the USA. How do we report this income to make sure we are in full compliance with existing law?
Asked by crazysteve51 - Tue Jan 8 00:57:53 2008 - - 4 Answers - 0 Comments
A. Any money that is payment to LLC held in your foreign banks or in the U.S. bank must be accounted. Yes, if a U.S. citizen or resident has foreign accounts, he/she may be required to file Form Form TD F 90-22.1 with the Department of Treasury by June 30, 2008. The Form TD F 90-22.1 can be download from:
Answered by MukatA - Tue Jan 8 04:11:55 2008
Can I exclude my foreign income when filing jointly with my husband whose tax status is a resident alien?
Q. I was internally transfered (within the same company) from Singapore to CA in June 2007 and are now working permanently at US. I do have incomes earned when working at Singapore, which is not covered on my w-2 form. If I file jointly with my husband as a resident alien, do I have to treat my singapore income as part of my income?
Asked by meixin_2001 - Wed Mar 12 13:17:46 2008 - - 1 Answers - 0 Comments
A. US Citizens are taxed on their world-wide income so you have to report it all. You are entitled to a foreign income exclusion and foreign tax credit.
Answered by wartz - Wed Mar 12 13:23:01 2008
Q. I was internally transfered (within the same company) from Singapore to CA in June 2007 and are now working permanently at US. I do have incomes earned when working at Singapore, which is not covered on my w-2 form. If I file jointly with my husband as a resident alien, do I have to treat my singapore income as part of my income?
Asked by meixin_2001 - Wed Mar 12 13:17:46 2008 - - 1 Answers - 0 Comments
A. US Citizens are taxed on their world-wide income so you have to report it all. You are entitled to a foreign income exclusion and foreign tax credit.
Answered by wartz - Wed Mar 12 13:23:01 2008
What percent of your current income is needed for retirement?
Q. My retirement income will be approx 60% of my current income. I will not have social security income. My 401K and other savings will add about another 20 to 25. It this realistic?
Asked by Yenmor - Sun Apr 11 00:27:54 2010 - - 1 Answers - 0 Comments
A. Yenmor The only way to feel comfortable is to do a budget and see! The only advantage I saw is no social security deduction. My debts certainly stayed the same. So for me I needed to, more or less, earn the same income I did when I was working. Soccerref
Answered by SoccerRefToo - Sun Apr 11 00:43:22 2010
Q. My retirement income will be approx 60% of my current income. I will not have social security income. My 401K and other savings will add about another 20 to 25. It this realistic?
Asked by Yenmor - Sun Apr 11 00:27:54 2010 - - 1 Answers - 0 Comments
A. Yenmor The only way to feel comfortable is to do a budget and see! The only advantage I saw is no social security deduction. My debts certainly stayed the same. So for me I needed to, more or less, earn the same income I did when I was working. Soccerref
Answered by SoccerRefToo - Sun Apr 11 00:43:22 2010
How do I predict the income of a planned website ?
Q. How do I predict the income of a planned website based on income from ads when I dont know how many visitors there will be at any given month/week/day and also I dont know the how much i'll get paid for every click made? (planning to use google adsense or yahoo ads) any ideas? how would I build a business plan for such a website? Can you recommend me of any companies that help you calculate your predicted income? How do big websites predict their income? they dont just shot and wish for luck, I guess.
Asked by alon - Tue Jan 23 19:28:53 2007 - - 2 Answers - 0 Comments
A. One thing to remember with big companies is that they have the resources to purchase data that could serve as their benchmarks. They can buy traffic data from Nielsen NetRatings which is expensive and they can do a more thorough job in researching their market. The best way to predict the income of your planned website is to ask existing sites that may have similar types of topic and traffic as yours. Get as many information as you can and start from there. Of course, your competitiors may not give you that data, but check forums and other gatherings of webmasters. WebmasterWorld has a forum on Adsense and YPN where publishers using these programs gather and often you'd see threads where people compare their earnings. In terms of… [cont.]
Answered by imisidro - Wed Jan 24 11:39:26 2007
Q. How do I predict the income of a planned website based on income from ads when I dont know how many visitors there will be at any given month/week/day and also I dont know the how much i'll get paid for every click made? (planning to use google adsense or yahoo ads) any ideas? how would I build a business plan for such a website? Can you recommend me of any companies that help you calculate your predicted income? How do big websites predict their income? they dont just shot and wish for luck, I guess.
Asked by alon - Tue Jan 23 19:28:53 2007 - - 2 Answers - 0 Comments
A. One thing to remember with big companies is that they have the resources to purchase data that could serve as their benchmarks. They can buy traffic data from Nielsen NetRatings which is expensive and they can do a more thorough job in researching their market. The best way to predict the income of your planned website is to ask existing sites that may have similar types of topic and traffic as yours. Get as many information as you can and start from there. Of course, your competitiors may not give you that data, but check forums and other gatherings of webmasters. WebmasterWorld has a forum on Adsense and YPN where publishers using these programs gather and often you'd see threads where people compare their earnings. In terms of… [cont.]
Answered by imisidro - Wed Jan 24 11:39:26 2007
From Yahoo Answer Search: 'income'
Wed Sep 8 03:19:21 2010 [ refresh local cache ]
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courier-journal.com
Tue, 31 Aug 2010 18:31:52 GMT+00:00
Louisville Courier-Journal Almost one-third of the state's families in which a parent is employed are considered low- income , or working poor and nearly one-fourth of Kentucky ... Kids Count Data Book Released wtvq
youtube.com
Fri, 06 Apr 2007 17:03:50 PDT
New York Times reporter David Cay Johnston asked IRS Commissioner Mark Everson, "What law requires Americans to file or pay income taxes ... youtube.com.
newspointer.co.uk
unknown
Wed, 01 Sep 2010 11:52:02 GM
Apathy could cost you 20pc extra . income. in retirement - Annuity rates have slumped alarmingly since the financial crisis and they have just keep falling.
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