Tax Refund First Time Home Buyers
Question: First time home buyers tax credit?? HELP To EXPLAIN!?
OK. first off. If i file my taxes this month, will i get the tax credit this year(with my Tax Refund) or next year?? Or does it depend on something. SECOND can i use the money for something else?? Or do i HAVE to buy a home. Cause ive heard several people say you dont have to use it on a home.! Last thing, do i have to pay it back.? I dont own a home. THANK YOU
Answer: If you buy your first house this year, you will get the credit when you file your 2009 taxes next year. It’s $8,000 and it does not have to repaid. The 2008 credit was $7,500 and that was required to be repaid. You can’t get if you don’t buy your first house. That’s it.
Remember that $7,500 first-time home-buyer credit? It’s now an IRS headache.
If you took advantage of the $7,500 first-time home-buyer credit two years ago, you had better remember to include your first repayment of that loan on your 2010 tax return, which is due April 18.
First Time Home Buyer Tax Credit Details for Dallas, Plano, Frisco, McKinney, Allen &Prosper
Florida Sales Tax File Online
Question: Question about selling items on amazon and ebay (taxes,irs,state taxes)?
I am going to file for a sole proprietorship because i intend on buying whole sale items and reselling them online. I know under my business i have to charge sales tax within the state of florida (thats where I am living). I do know i will be subjected to income tax and self employment tax. Do i have to make quartely payments to the irs? I will have no employees. Please help! Any advice will be greatly appreciated
Answer: The activity you describe is the same as a traditional store front when it comes to taxes. You will file a Schedule C with your form 1040 federal return. That information will carry to line 12. If you net income is greater than $400 you will be subject to Self Employment tax of 15.3 % for the amount that your net income exceeds $400. Keep very good records of all of your activities. You should do an inventory of the merchandise you have on hand on 12/31/10.
Florida Morning: Bill Nelson holds lead over rivals, George LeMieux rising and Haley Barbour to Florida
Former Sen. George LeMieux is sounding more and more like a Senate candidate, a hard-fought ethics bill clears a major hurdle and a nonprofit could need up with a list of the state’s largest taxpayers.
Tax Deed Field Trip Day 2 – Jul 2009
File Sales Tax Online Texas
In The Papers 6 January
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Gross Income Example
Question: why doesn’t movies gross income go by amount of tickets sold? It should solve inflation value?
It always interest me how new big movies for example: Avatar, The Dark Knight, Pirates of the Caribbean, Spiderman, Titanic and etc.
They would compare each other gross value. The release of these movies are in different years and it is hard to tell which movie made more money due to inflation.
Why not go by the amount of tickets sold? If 3D and IMAX play a big role in figuring the numbers why not make different type of movie based off of a point system. (note not to scale its an example) I-MAX = 2 tickets 3D 1.5 Tickets regular 1 ticket.
Wouldn’t it help make it easier to identify which movie is superior in world wide?
Answer: If they rated movies by the number of tickets sold rather than the monetary value then none would ever get any top billing.
If I remember right the animated movie “Snow White and the 7 Dwarfs” has sold the highest number of tickets worldwide. But u must remember that it was first released in the 30′s and re-released over and over every few years until the era of videotape. Movies today are not re-released like that so they don’t have the advantage of the repeat cycle.
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Dependent Eligibility
No Income Tax Texas
Question: Do we need to file a income tax form?
My husband is 66 and I am 65. Our only income is Social Security. No stocks bounds etc. No other income. Also at what age can you stop filing income tax forms? We live in Texas.
Answer: No, if your only income is social security, you don’t have to file a federal return. But this year only, if you had long distance service on your phone anytime between March 03 and July 06, you should file a form 1040EZ-T to get a refund of telephone excise tax. The form is short and easy, and it’ll get you $40. You can download a copy at irs.gov or pick one up at your local library.
Obama’s Tax Cut Deal: So Much For Deficit Reduction
President Obama’s tax cut deal with Republicans will cost more than $700 billion. So what happened to concerns about the nation’s exploding debt? Experts say the deal won’t cause catastrophic damage but does highlight the need for political courage — and a revamped tax code.
Texas Governor 2010 – No law requires you to pay taxes1 of 2