The Tax Questions Blog

Posts Tagged ‘delicious’

Question: When can I apply for divorce in Canada if I've moved out of the country?

This is complicated; My husband and I grew up in Canada, then moved to England almost two years ago. We separated in July, and my husband moved back to Canada in November. I want to be divorced as soon as possible so I won't do it through England, they take ages. Do I have to wait a year from the time my husband moved back to Canada, before filing? Even though we lived in Canada until two years ago, and even though we filed our taxes there this whole time?

Also, when I do file, do I have to be in Canada to file? If so, do I have to live in Canada until the process is finished?

Answer: You need a lawyer's professional opinion. First visit is usually free.

30 Apr 2010 Last day to file with Revenue Canada - TAX 004.avi

Question: How to change from accounting and become an investment advisor?

HI,

I have been in accounting for 2 and a half years now, and I do public accounting, so I see a lot of clients like dentists, doctors, CEO's & lots of small business owners when it comes to personal tax season. Due to the recession, I got laid off from the firm and joined another firm, which the working condition is quite horrible. Meanwhile, I want to become an investment advisor with companies that they call themselves XXX capital partners. I have no idea how to write a cover letter and resume for an Investment Advisor position, because all of my resumes are very accounting oriented. I believe the position could be sale oriented. I am to the point that I choose unemployment than stay at my current accounting firm.

PS. I will be getting an accounting designation and become a professional accountant in December 2009.

I appreciate all guidance in advance.

Answer: For CANADA Only:
Canada Overhauls Its Dealer and Adviser Registration/Exemption Rules

http://www.uslaw.com/library/Corporate_&_Securities_Law/Canada_Overhauls_Dealer_Adviser_RegistrationExemption_Rules.php?item=80707

Register in Canada

http://www.securities-administrators.ca/

For USA Only:

http://answers.yahoo.com/question/index?qid=20090517195043AA7IAtY&r=w#BaN_M2D0AnhGUqjJm65y

You prob want to become an RIA - Registered Investment Advisor - RIA (USA)

http://www.investopedia.com/terms/r/ria.asp

How To Register as an Investment Adviser (SEC) (USA)

http://www.sec.gov/divisions/investment/iaregulation/regia.htm

Do your homework when hiring a tax preparer this season

Make sure you have a trustworthy preparer Before turning your tax return over to someone else to handle, make sure you find an honest and competent preparer.

Tax Tips: Year-End Tax Tips

Question: I am thinking of going into foreclosure....?

With Countrywide on horrible ARM on home in Indiana. Been trying to work with them for 2 years(Re-Fi, Rate Freeze, Rate Adjustment, Short Sale, ect.) and am still at square one and I am extremely tired of talking to their call center in India. I have literally called 2-3 times a week for the past 2 years! They have done nothing but give me the run around. I purchased the house in Nov/2005(I should not have even qualified for this loan, but live and learn!) My ARM just keeps going up plus I am deficient $4400 in my escrow account due to them underestimating my taxes. But I am currently not behind on my payments.I would LOVE to just "walk away". I recently got married and we do not live there. I am not concerned about my credit because we can put everything in my husbands name. Is foreclosure my best option? And how can I expedite this process and walk away not owing any more money? I have given them plenty of money, believe me.

Answer: Unfortunately, I believe it takes a "default" for these mortgage companies to do anything. And, then it still takes them forever, as they level threats to try to get you to pay. They talk about helping their borrowers, but it appears to me to be nothing but smoke and mirrors. Its just not happening.

And, by the way my mortgage company (a different one) sends their calls to India also. If they don't employ Americans how the heck do they expect Americans to pay !
Corporate America needs to wake up ! Unfortunately, they probably won't till we all default and file bankruptcy.

Good Luck

Blizzard a test of endurance, patience and strong backs

Michael Adorno of Trumbull was briefly stranded at the train station. Deb Giaquinto had to get her car pushed out of the snow to get to work in Milford.

Reinventing Fire. BERM homes.

Question: Tax lien certificates (TLC) profit exactly how?

Well, Real Estate is not exactly my area of expertise, and I've known about TLC's for a while but never exactly understood how it all works. Is there a high risk to this? Can you lose money? I heard you still make money somehow, right?

Heres a scenerio:

There is a tax lien on a nice property, the face value for Tax Certificate is $56.99 and the Delinquent Taxes due for 2008 is $1097.94. The company has a $195 processing fee. What should I expect to spend on this? How do I figure out what interest I earn if the owner of the property pays the taxes owed? Anything about this business would help greatly. Thank you for taking the time to read my question!!

- Logan

Answer: You can lose money and if you don't have a reference to go with, you got a few traps like bankruptcies and such. I read my first book on it and recommend that you at least read a few.

First i'm not sure what company is processing it in your example since local government agencies usually do not charge processing fees. If you are in Arizona, you would get 16% return per annum on the $56.99 if it is paid off by the tax payer.

Hope that helps. Please see the reference below.

Should You Buy A House At Auction?

The traditional channels of searching real estate listings and working with real estate agents aren't the only way to acquire a property. Experienced real estate investors often purchase properties at auctions.

Tax Lien Training for internet investing and Tax Lien investors

Question: Family Transfer of Vehicle Title in California?

I want to transfer the title of my vehicle to my mom so she owns it. That part is clear what to do, including filling out the use tax exemption form. However, I never transferred the title to myself after I paid off the loan to the lien holder. I have the title still in the lien holder's name. Do I need to transfer the title to myself first, or can I just sign the vehicle over to my mom and she can just get the new title issued in her name?
Actually, yeah, I looked at it again, and you both are right. I was looking at the dmv site and I wasn't sure about if the lien holder had it in their name or what (http://dmv.ca.gov/vr/vr_info.htm#BM2524). That was a few years ago anyway. California never issued me a new title when I moved here from Oregon, so it is an Oregon title, though it has been registered here since 2000. I'll just go down and sign it over with the requisite paperwork. Thanks.

Answer: If it is a CA title and you have it in your hand, the lienholder that is listed on the title has already released it by signing off on the title. Check and make sure that there is a signature and stamp on your title.
You do not have to get the title transferred into your name. You and your mom can just go to DMV and have it transferred into her name. The new title will come in her name.

No toke — California considers legalizing marijuana

Fourteen years after California became the first jurisdiction in North America to allow the use of marijuana for medical purposes, the state is weighing a history-making ballot measure to legalize the drug for recreational purposes.

Basic Sales and Use Tax, Obtaining a Permit en Español - Ch. 1