Taxes

Bry: What additional taxes do you have to pay (if any) if you have money in the stock market? I put a little money into the stock market this summer right after I graduated from high school(about $ 650). Since I do file taxes for my job are there any additional taxes you have to pay if you've made money in the stock market? Answers and … [Read more...] about What additional taxes do you have to pay (if any) if you have money in the stock market?

Vivalamitsu: How to report property taxes on tax refund when changed property during the year? We sold our house and bought another one in the middle of the year. What property tax amount should i report on my income tax return? The full amount of taxes for the new property or should I report the pro-rated amount I gave the buyer of my old … [Read more...] about How to report property taxes on tax refund when changed property during the year?

ben_ev0lent: How are taxes handled differently in a sole proprietorship or just as an independent contractor? I do financial research as an independent contractor for a hedge fund part time. I've done it for about 4 months and haven't set up a sole proprietorship. It is to my understanding that if you do independent contract work you have to … [Read more...] about How are taxes handled differently in a sole proprietorship or just as an independent contractor?

: TAXES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!? Ok so here is the story, this is my first time filing taxes because this is my first job period. I'm a college student and i live with my parents. My gross pay is 960. i went to a website to calculate my net pay and what i found made me want to cry. my net pay turned out to be 763.51. so my question is … [Read more...] about What can a person be exempt from when doing taxes?

SLP: How can I maximise my tax returns? I am on H1B visa currently working in California since March 2006. Befroe that, I was working in Newyork for 2 months. My wife and my daughter were living with me for more than six months in the year 2006. My wife is a stay at home mom,and my daughter goes to a daycare centre. Does my wife considered as a … [Read more...] about How can I maximise my tax returns?

Deleted: What taxes are owed on income received from a natural gas lease? I will receive a check from a natural gas exploration company to extract gas from land that I own the mineral rights to. What percentage will be owed in taxes? Do I need to prepay the tax to the government, or can I wait until I file my 2007 tax return? Answers and … [Read more...] about What taxes are owed on income received from a natural gas lease?