My son has just become eighteen and inherits his fathers half of the house under Spanish law.His father died and left no will,does he have to pay inheritance tax ?
Posts Tagged ‘Year’
Am I eligible to purchase an IRA for tax year 2006?
26
Aug
I’m retired and receive income from a pension, social security and also other income from an existing IRA that gets reported on form 1099R.
If I paid no Federal Income tax for this years taxes.. How do I not owe them, end of year.?
19
Aug
I made under 30,000. Used 9 for deductions.
All my money went into my new business, and my old small business started year before.
I managed to bring my total amount of taxable income/money down to 20,000 with all my legal deductions from this year.
PROBLEM: I am still being asked to pay 1300.
24 male southern CA
no kids, single
What is the income tax bracket this year for when you are filing your taxes?
07
Aug
I am a single mom and I received a decent refund last year but I made more this year. Last I checked I was told I had still not gone over a certain “tax bracket” which would lower my refund if I make over a certain amount this year. Last year I made about 12000.00. This year so far it is 19000.00 about. What is the amount or “tax bracket” amount that would hurt me and lower my refund this year. Or should I say next month when I file? Thanks So Much ~
How do I enter my simple 401k that was rolled into a IRA in Sept last year on my tax forms? Is any of it dedu?
04
Aug
I changed job in september . I’m confused on how to enter my new IRA info on my taxes . After September I am employed as a teacher and now contribute to a retirement fund.Should I just hire a tax pro this year to do my taxes properly?
Thank you for keeping very Simple . 
Thank you for keeping very Simple .
paid up back local property taxes, deductible for 2008 IRS tax year?
28
Jul
I had a sizable property tax bill I settled in 2008(home) (with some previous years included), would this something that I would be able to itemize on my IRS 2008 forms?
When is the end of the year for an IRA excise tax?
21
Jul
Concerning an 6% IRA excise Tax on an overcontribution.
Since I have to close the IRA, I would like to time it so I close it at the end of the the year that they tax the 6%.
Is this year from Jan 1 – December 31? or til April 15? or when? When does the IRS consider it the end of the year?
Federal income tax refund from last year?
20
Jul
I know if you didn’t choose itemized deduction, you don’t have to report last year federal tax refund as income.
However, do I need to report last year’s federal tax refund as income when filing state tax this year?
I file Iowa State tax.
Thank you
I opened an IRA account for 2006 ($4,000). Can I also open an annuity for the same tax year?
07
Jul
Yearly, I file my income tax using standard deductions. As a single person, I an seeking other avenues for tax deductions.
I owe Uncle Sam money this year in taxes. Is there anyway I can invest my money so I’ll have to pay less?
01
Jul
I just finished doing my taxes but unfortunately, this year I owe Uncle Sam a descent amount of money (more than 5K).
I have already maxed out my 401K and I am not eligible for IRA due to income limits. So what can I do before April 15th 2009 to reduce my tax bill for 2008?
I heard you can invest in tax-deffered Annuities and claim it as tax deduction. Is that allowed? Do I have any other options to keep my money legally?
Do I pay federal income tax on my zero bonds the year I cash them in?
23
Jun
I have several taxable zero bonds that I cashed in this year, worth around 12,000, will I have to pay federal/state income tax on all of that money?
I *technically* earned more than the limit last year but I contributed to a Roth IRA. What to do?
09
Jun
The reason I earned more than the limit was because I had significant earnings from poker last year. But the way that “gambling winnings” must be expressed on a tax form — with wins as income and losses as deductions — meant that I had way more “income” than the limit, but after “deductions” I was a few thousand below the limit.
As total net income I did not make it to the limit, so I felt safe in contributing to my Roth IRA. Is this acceptable? If not, what are the remedies?
I would like some information about opening an Roth IRA for my 15 year old daughter.?
07
Jun
She has a job and is already putting money in a savings but I would like her to start investing for her future. Thanks for any info…