Income Tax Questions
Are you working on your taxes? I’m just starting on my income tax forms. If you’ve run into some questions, I know of a good website to check for answers.
Fairmark has several tax guides that may be useful. More importantly, they host a message board that is very active. I just posted a question there last night, and I received two replies this morning. Good luck with your taxes.
Useful Links:
My husband and I are on s/s and in our 70’s He also gets 100% disability from the VA and a small pension check of 270.00. Do we have to file because we bout a house in Dec. 05 and will we have to file our interest paid? Thank you
I bought a house for investment in Nov. 2003 for $85,900 + closing costs and sold it in 2006 for $180,000 - closing costs of about $15,000. I am retired with about $75,000 joint income from pentions and investments and have already had about $8000 withheld from my retirement income. How much should I prepay to federal and Ca. state to avoid any penelties?
What is a Homestead tax ? Will it cut my primary and only home taxes? Do I need to fill out a form for this? Do I need to be a certain age for this? Thank you for your time.
I had a house built in 2006 in Texas. Since there is no income tax I can deduct the sales tax on large items, constuction materials being a qualifier. Unfortunatly I cannot get itemized receipts for all the materials, some coming from the subcontractor in the way of a straight draw on a previous bid. Is there an estimation on the total amount of construction (material vs. labor) I can use to calculate the state and local tax paid without the receipt in my hand?
i need some tax questions and their solutions being student of ca in pakistan i wana have some experties in tax specially income tax ordinance 2001 of pakistan.
thanks
yours truely
ali gohar