Archive for the 'Taxes' Category

What do we place taxes on if we ban cigarettes?

I’m doing an essay for school on the ban of cigarettes. I need some help finding articles discussing other things we could place taxes on in the place of the huge tax on cigarettes. We get so many tax dollars from cigarettes and spend it on nesscary things- where would we get this money from [...]

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?

What taxes need to be paid on a lawsuit settlement?

I need to come up with a figure regarding a settlement with an insurance company because of a permanent debilitating injury to myself. The question is about how much I should expect to pay in taxes. (If it matters, I live in the state of Pennsylvania, in Pittsburgh.) If I am looking to have somewhere [...]

How to claim taxes on salary that is overpaid to me and repaid back?

In 2007, I was overpaid by my employer and now they want me to repay the overpayment. Today, I sent them a check for the overpayment. I have paid my 2007 federal and state taxes on the overpayment amount. How do I claim those taxes that I have paid when I file my 2008 taxes [...]

5 Tax Charges You Can Expect to Face When Buying, Owning & Selling Property Overseas

Most countries tax non-residents on property in their country. Furthermore, most double taxation agreements between the country and the UK do nothing to prevent this. Consider these five categories. 1. Tax on property purchases (similar to UK stamp duty land tax). After over 20 years in the tax advice business, there are few things which [...]

What taxes go away with pre 2006 legal changes to the bankruptcy laws?

My father had back taxes and files for bankruptcy in early 2006 now the federal government is comming after the back taxes. Does the bankruptcy take care of those taxes or is he still liable for them? (Lives in Kansas if this matters)

How do I pay more taxes/forfeit my tax return?

I’m 17 and I just got a job with McDonald’s, and I’ve heard about tax returns, and I was wondering how I can pay more taxes and let the government keep my tax return. Is this possible? I want to pay more taxes that the government can actually keep. Thanks I want to give to [...]

Hey Deeds: What About Taxes?

I attended Creigh Deeds’ press conference in Clarendon on Tuesday, September 29 to ask his position on taxes. Deeds recently said he was against raising taxes but for raising taxes. Does that make sense? I didn’t think so. Anyway, at about :26, a gentleman who describes himself as a “campaign manager” attempts to remove the [...]

opie's eye – intense political debate on taxes with Brother Wease and Anthony

you can check out more of Brother Wease at www.wease.com

How does the tax deduction work for state and county transfer taxes?

My wife and I are buying a new house in MD where the state and county transfer taxes will be about $8000. We are going to close in December this year, but will probably take a standard deduction. Can we deduct the property transfer tax even though we are going to take the standard deduction [...]