Stacy O: Who is eligible for the tax rebate check? I am currently a student in college, but I work during breaks from school (summer and Christmas breaks). I get pretty much all my taxes back, but my parents claim me as a dependent on their taxes. Will I still get the tax rebate check because I am single and a tax payer? Answers and … [Read more...] about Who is eligible for the tax rebate check?
Taxes
Selling mom’s home to pay for assisted living and health insurances expenses. What are the tax pitfalls?
Jean S: Selling mom's home to pay for assisted living and health insurances expenses. What are the tax pitfalls? Her home has been in children's names (5 of us) for over 6 years. When we sell, is there a trust we can put the money into for mom's use - without losing a lot of the sale money to taxes? Answers and Views: Answer by MathewYou have … [Read more...] about Selling mom’s home to pay for assisted living and health insurances expenses. What are the tax pitfalls?
How do taxes in the United States compare with the taxes of European nations?
The Naughty Scotsman: How do taxes in the United States compare with the taxes of European nations? I know the usual answer is that taxes in Europe are higher than in the US, but given the number of items we pay taxes on in the US, I wonder if that is true any more. For example, in the US we pay : Federal income taxes, some states require income … [Read more...] about How do taxes in the United States compare with the taxes of European nations?
What tax forms should I fill out in new york?
henryurlo: What tax forms should I fill out in new york? Individual tax payer If you were doing your tax return for the first time and by yourself how do you know what forms to fill out after receiving the W-2 form? There are the 1040-XXs and the 4868 but how do you know which to fill out. Other types: Now what you had a small business. There … [Read more...] about What tax forms should I fill out in new york?
How many Americans working abroad renounce their citizenship due to double taxation each year and?
Freezing Temperature: How many Americans working abroad renounce their citizenship due to double taxation each year and? how many foreigners working in the United States renounce their citizenship for the same reason? Isn't it time to put an end to double taxation in this world? Answers and Views: Answer by StephenWeinsteinNo U.S. citizens … [Read more...] about How many Americans working abroad renounce their citizenship due to double taxation each year and?
What taxes does my state take out, and what taxes does the federal government take out?
: What taxes does my state take out, and what taxes does the federal government take out? Does the Federal government just take income tax from us? Is it state or federal government that takes FICA? IS FICA=Social Security tax? I just dont know besides these what type of taxes there are. Can somebody list them according to their … [Read more...] about What taxes does my state take out, and what taxes does the federal government take out?
How do I deduct gambling losses on my tax return?
Jason: How do I deduct gambling losses on my tax return? I understand that I am required to report gambling winnings and that I am allowed to deduct gambling losses. But I do I determine gambling losses? Specifically, if over the course of a year I fund an online poker account with $ 3,000, cash out winnings for $ 5,000, and have $ 1,000 … [Read more...] about How do I deduct gambling losses on my tax return?