The Tax Questions Blog

Archive for March, 2010

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INTERNATIONAL INCOME TAXATION: Code and Regulations--Selected Sections (2012-2013 Edition) $98.99 Compiled by a team of distinguished law professors, the 2012-2013 edition of INTERNATIONAL INCOME TAXATION: Code and Regulations--Selected Sections serves both students and practitioners in accessing the laws and regulations for U.S. international tax. For students, the INTERNATIONAL INCOME TAXATION: Code and Regulations--Selected Sections is a popular companion to an international tax coursebook ...

Federal Income Taxation of s Corporations (Concepts & Insights) $57.00 Provides introductory explanation of the purposes and uses of the federal income tax law relating to S corporations. Topics include acquiring and maintaining the S status, tax issues and consequences, effects of the S election to shareholders, and tax-free reorganizations and divisions of S corporations, as well as comparisons to C corporations and partnerships....

International Income Taxation: Code and Regulations Selected Sections 2007-2008 Edition $92.50 Compiled by a team of distinguished law professors, the 2006-2007 edition of INTERNATIONAL INCOME TAXATION: Code and Regulations--Selected Sections serves both students and practitioners in accessing the laws and regulations for U.S. international tax. For students, the INTERNATIONAL INCOME TAXATION: Code and Regulations--Selected Sections is a popular companion to an international tax courseboo...

Flexible Solutions Announces Full Year, 2009 Financial Results

VICTORIA, British Columbia----FLEXIBLE SOLUTIONS INTERNATIONAL, INC. , a developer and manufacturer of biodegradable and environmentally safe, water and energy conservation technology, as well as anti-scalant and crop nutrient enhancement products, today announces financial results for the full year ended Dec. 31, 2009.

meltdown #227 EMERGENCY ECONOMIC STABILIZATION

Question: How long do you need to keep business records (US)?

How long should you keep business records for?

One business closed in 2005 -- do I need to keep those records?

A second business has been operating since 1999. Do I need to keep records that are 10 years old?

This is for US taxes and the IRS, by the way.

Thank you--
I found the answer here:

http://www.irs.gov/businesses/small/article/0,,id=98513,00.html

Anything from 3 years for most things to 7 years if you are claiming a deduction from a bad debt.

http://www.irs.gov/businesses/small/

article/0,,id=98513,00.html

Answer: If for tax purpose it three year

The Complete Tax Guide for E-commerce Retailers including Amazon and eBay Sellers How Online Sellers Can Stay in Compliance with the IRS and State Tax Laws With Companion CD-ROM $15.14 Fed up with the numerous violations of tax law by individuals and businesses selling goods on eBay and other Web sites, the IRS is pushing Congress to make online marketplaces responsible for reporting sales information to the IRS. eBay's own statistics suggest that there are 1.3 million people around the world who make their primary or secondary source of income through eBay, with just over 700,0...

Organize Your Personal Finances In No Time $7.43 Drowning in a pile of bills, receipts and bank statements and don't know how to swim to the top? Organize Your Personal Finances In No Time will be your lifesaver. Written by a professional organizer and coach for the chronically disorganized, this do-it-yourself guide will show you how to create a fool-proof, easy-to-maintain financial system in a single day. Written in a unique step-by-step, to-...

Celebrating Your Journey, Lifeskills in Synergy: 12 Dimensions of Practical Daily Living, Full Version $62.29 ...

Beware the complicated and costly AMT

This parallel tax system snares lots of unsuspecting filers. Here are the warning signs.

Personal Financial Planning Tips : How to Keep Proper Records for Donations

Question: Should churches continue to be tax exempt?

Their tax exemption is based on their staying out of politics, but they all get into politics anyway, so would it be reasonable to just tax them like any other money making business? What is gained from leaving them tax exempt? The state governments and city governments urgently need money, the churches seem awash in cash, like the Mormons spending $25 million to destroy gay peoples' marriages in California. Is it time to tax the churches, or should they continue to get a free ride from the rest of us tax payers?

Answer: It's sad that a whole group must be penalized based upon what a few are doing wrong. I am not religious, but I do understand the value that some churches bring to the community; I think that charity organizations should not be taxed.

But what the Mormons did was not charity and the numbers are somewhat sickening. $25 million could have been used for better things than poking their nose in other's business. And to suggest that religion can "stay out of" politics is asinine. Religion has a huge influence on culture and people; culture and people have a huge influence on the Governmnet. There is one degree of seperation and that is the people. As a result, religion cannot stay out of the government.

And there are some that treat their church/religion as a business - **cough cough** Televangalists.

DK Eyewitness Travel Guide: India $18.60 This lavishly illustrated guide is the perfect accompaniment for your trip to India, with regional coverage stretching from the Great Himalayas of the north to the tropical peninsular of the south. Packed with 3D aerial views, cutaways and floor plans of all the major sights, and now with even more full-color maps of towns and regions, you can get a great visual appetizer wherever you go. Find out...

Healthcare Finance: An Introduction to Accounting and Financial Management, Fifth Edition $116.65 Healthcare Finance: An Introduction to Accounting and Financial Management, Fifth Edition is the latest book from the most trusted name in healthcare finance, Dr. Louis C. Gapenski. Like its predecessors, this book introduces readers to the basic concepts of healthcare finance, including accounting and financial management. Fifth Edition Features New or expanded coverage of The impact of taxes a...

Drifters $3.75 In his triumphant best seller, James Michener unfolds a powerful and poignant drama of six young runaways adrift in a world they have created out of dreams, drugs, and dedication to pleasure. With the sure touch of a master, Michener pulls us into the dark center of their private world, whether it's in Spain, Marrakech, or Mozambique, and exposes the naked nerve ends with shocking candor and infin...

Downtown New York Towers Empty as Best Office Market Falters

March 30 (Bloomberg) -- Downtown Manhattan, where demand for office space began to surge three years after the 9/11 terrorist attacks, is about to lose its spot as the best- performing U.S.

NWO Mafia Building Deep Underground Cities Using Our Tax Money Preparing For 2012

Question: Are relocation allowances taxable?

Answer: Yes, any money your receive, no matter the source or what it is called is taxable and must be reported to IRS.
However it may also be allowed to be deductable expense, you must confer with a tax expert on this matter, remember the company is required to notify IRS of this payment to you so Do Not Try To Hide It from IRS. Good Luck

Over withheld FICA for long-term taxable travel or relocation reimbursements for 2001 package (SuDoc T 22.2/15:11752) ...

Vietnam Business Guide: Getting Started in Tomorrow's Market Today $15.90 Kimberly and Brian Vierra have written the most useful guide I have seen for foreigners who want to do business in Vietnam. I’ve spent years in the country, but I learned a lot from this book. It’s full of practical information about unique aspects of Vietnam’s business culture; registration, legal and tax issues; working with local business partners; living conditions in Vietnam and industr...

Business Tax Stories 2005 $44.00 Business Tax Stories does not deal solely with judicial opinions. In the field of business taxation, many of the most significant developments are not cases, and certainly not Supreme Court cases, but rather legislative and administrative changes and transactional innovations. Business Tax Stories includes chapters on several landmark cases; however, it also surveys many of the critical developm...

PRT Announces Results for Year Ended December 31, 2009

VICTORIA, BRITISH COLUMBIA--(Marketwire - 03/24/10) - PRT Forest Regeneration Income Fund (TSX: PRT.UN - News ) (the "Fund") today announced results for its fourth quarter and year ended December 31, 2009. The Fund's annual financial report is enclosed as part of this release. For the year ended December 31, 2009, the Fund reported operating earnings of $2,555,000 and net losses of $1,829,000 ...

Question: Capital One Payoff Negotiation?

I have two Capital One credit cards with a total debt of $1128.48. I need to purchase a car soon and have to get my debt paid down very quickly to so. How do I ask for a payoff when I speak to a Capital One rep – can I ask anyone who is a Customer Rep, or should I speak to someone specifically? Also, is it true that 1099’s only apply if the amount you save is over $600?
(Before you comment, paying off my current debt is more important to my car loan lender than my credit score)
Thanks, L
I am behind, paying a small amount biweekly.

Answer: The balance shown on your credit card statement IS your payoff effective as of the billing date of the statement. You'll have to pay a few extra bucks of interest that accrues from the billing date to the date they post your last payment. You'll see that upon receipt of your next statement.

Dash Express Two-Way Internet-Connected Portable GPS Navigator $195.99 Stuck in traffic and want to know if you are going to make that meeting on time, or need to call and warn someone? Will you make it to your kid's recital, or be home in time for dinner? Wouldn't it be nice to know which route to work is going to be faster today before leaving your driveway, and be automatically updated if traffic changes once you're under way? Knowledge isn't just power, it's a ti...

Asheville area readers speak out on health care reform bill

The Citizen-Times asked readers Monday for their opinions on the health care reform bill that passed the U.S. House. In less than a day, we received more than 150 e-mails from supporters and opponents of reform.

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 6 Nov08 Recourse vs Non-Recourse