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tax

  1. Debt Reduction & Money Management
    So VAT applies to equally tax-registered businesses managed on the UAE mainland and in the free zones. So if you do business outside they need not register for VAT, BUT one more thing to be the mind that if your company has more than AED 375,000 each year then one needs to do the vat...
  2. Debt Reduction & Money Management
    I do not own a small business just to start but I am curious about a few tax issues with good reason. How bad is this ???? $70K behind on state taxes behind on paying in unemployment tax filed with state IRS has stopped in several times 6 certified IRS letter needed to be signed for...
  3. Debt Reduction & Money Management
    We filed our taxes a few weeks ago and were expecting a good sized check to come in...when we got notice, our taxes were rejected!! We have had a foster child for the entire year of 2011, and someone else had claimed him on their taxes. Now they are saying it could be up to a year before the...
  4. General Chat
    Just had our taxes done today. Results: 1. Took a loss on investments this year. 2. Really high medical and health insurance deductions. 3. Able to be generous with charities. 4. Lower income due to retirement 5. Got a larger refund than we anticipated. 6. Refund is going into a vacation...
  5. Success Stories
    We are told we will get just over $1000.00 back on our income tax return & $1000.00 is going into our savings account. We will then have $2000.00!! I have a friend who spent hers on bills and then used the rest for blow money and that friend seems confused as to why I am willing to just pretend...
  6. General Chat
    Okay this is all example only...will need help with the US side of it though... A Canadian worker makes $108,000/year($9000/mo Gross) CPP-$445/mo(maximum contribution for the 2012 is $2306) Federal taxes-$1614.75 Provincial taxes-$727.45 Total Deductions=$2787.20 Net income=$...
  7. Debt Reduction & Money Management
    Hi all :) So I received the goodies I need to file my son's disability credit and at the end after the address listing to send the form to, it says that I am allowed to have previous tax years adjusted to allow a claim for the benefit amount. I'm wondering two things before I send this in: 1)...
  8. Debt Reduction & Money Management
    I have Recently Buyed a new Farm House and Taxes on that is too high according to the actual price of that property, so to get reduction on my property tax. Do I need a Property tax lawyer? Please Help…..
  9. Debt Reduction & Money Management
    I need to do my kids taxes....one is 18, she is still living at home, just graduated high school......the other is 21, worked full time for half of last year.....was still living at home, missed college because he was sick (Ulcerative colitis)....has no bills----can I still claim him? he is...
  10. General Chat
    After I filed my return on 1/24 and was able to see my deposit date on the IRS website it said it would go in my bank on 2/8. Then a couple days later it revised to 2/7. I just checked it today as I was checking the status of my son's return and it has now updated my return to deposit on 2/1...
  11. Debt Reduction & Money Management
    Okay i know i am obsessing a little bit and it is what it is but i need to know if a 1099-s form is considered earned income or if it is considered non earned income... We receive quite a hefty return because of the tax credits that we are eligibile for.....extra child tax credit and the...
  12. Debt Reduction & Money Management
    I am contemplating if tax software such as Turbo Tax is worth the expense or not. I feel I have a very good handle on my taxes. This is the first year that I have made too much for free prep and file via the IRS website. I can still do free file but only qualify for free fillable forms...
  13. Military Families
    Military Free Online Tax E-filing | Federal and State I have never used this service but a friend posted it on FB.
  14. Debt Reduction & Money Management
    A friend and I were comparing our pay stubs (we work in the same school) and I noticed that our Federal Exemption Statuses were different. We wondered why and it seems that I have been claiming the status of having a dependent. I do not, and never have had, a dependent. I have NOT claimed...
  15. Frugal Living
    We were watching pbs news last night. They were mentioning the tax cut have not been full extended. They also said that the average amount would be around $40 a week that would start coming back out of the check each week. They then mentioned how people said it would affect them. Hubby and I...
  16. Question and Answer
    I'm curious what happens tax wise when you sell stocks. It was set up so the dividends keep reinvesting. Since our FFEF is tanked and the EF is about tanked dh and I were thinking of sell stock to pay off the last medical bill and to bring the emergency funds back to life. However I don't want...
  17. Question and Answer
    We were discussing this today and I think I grasp it but I want to make sure. We all agreed that one can give $13,000 to one person in a year without the giver paying tax. I also understood the giver could gift within these guidelines up to a few million without paying gift taxes. Only...
  18. Dave Ramsey
    We are looking at owing this year mostly due to my business income. We can not itemize our personal expenses. I am playing around with some numbers, and we can shave $1500 off our tax bill by investing 5k each into an IRA, bringing the amount owed way, way down. (We can also play around w/ these...
  19. Debt Reduction & Money Management
    When I got laid off in 2009 my husband and I cleaned out our retirment accounts to pay off our cars a couple of years early and clear out our debt. It wasn't easy (we lost 10% off the top and had to pay taxes on our savings as income...it was an ouch!) but it was necessary at the time. Now...
  20. Debt Reduction & Money Management
    I'm going to visit our neighboring county's tax auction (real estate) later this week. Our plan is to first make more progress with debt payments. Then, once we have the extra cash flow available post snowballing, we want to save up and buy with cash a tax auction property or perhaps a HUD...
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