Archive for the ‘United States’ Category
Why can’t I just file 10 exemptions, put more money into savings and pay up at the end of the year?
trichards888 asked: Is there any disadvantage to claiming 10 exemptions, sticking the money into a money market or savings account, and paying the IRS at the end of the tax year? I am a single with no kids, so 10 is probably excessively high, but I don’t see any disadvantage to doing what I [...]
cash disbursments journal?
marianne d asked: if you received a credit memo on returned merchandise for $798.00 and then 5 days later you paid the invoice less 2% discount would you be paying $782.04 on this return? I am trying to do a cash disbursements journal and the following information is available for me. May 3 received credit [...]
what happens if you cash savings bonds but forget to report them during tax time?
underated66 asked: I cashed two savings bonds both $50 and got 216.16 in return. i was wandering what would happen if i forget to report this at tax time.Clarice
When you have tax write-offs for a small business, how much are you actually saving?
Jenn B asked: I am a part-time sales consultant and I just wanted to know, when writing off something, for example $10.00 in office supplies, how much $$ does this correlate to me getting back? For example, bottom line, how much am I getting back in cash off of $10.00 in office supplies? And mileage [...]
Can I use the cash lying in my S corp to make down payment for a property I intend to buy?
Nother1inline asked: I pay myself reasonable salary. Looking for ways to save on taxes - kindly advise
I already own property where I live. Part of that (1 room) is used as a home office in addition to office premises that I lease somewhere else.
The intent is to move to a bigger house for “personal” [...]
How much money Can I save up before I have to put it in the bank to avoid the IRS and the Dumb tax laws?
Z asked: I want to save money but I dont trust banks. How much money can I keep at home in a safe before its tax ivasion?Cash Saving Deal