Posts belonging to Category 'United States'

How can I reduce my tax payable income to save money in USA? Specific investments?

ryahoo asked:

There may be certain govt bonds, investments that I can probably make ..but dunno. Buying a house.. heard that helps too .. but dunt know how.. so any advise on tax saving tips would be appreciated.thecategories.info

Can a financial instituion garnish my Federal return?

tinlizzi83koda asked: I live in Michigan and owe a financial institution on an automobile loan. I just filed my taxes for 2006 this year. I received a letter from the bank stating that they have permission from a court order to be able to garnish any bank account and refund I have. [...]

10K gift to reduce taxes from investments for non-working parents?

vmsergei asked: So my parents don’t work & got some cash stocked away in hi-yeld interest accounts. They made about 30K on their investments last year in interest income. What is the best way to reduce their taxes? Is giving 10K to their grandchild going to have an effect on their taxible [...]

Do I need to pay self-employment tax on personal investments?

illuminate asked: I’m self employed, but aside from my business income, I have personal investments, which have produced gains of about $20K in 2007. Do I need to pay SE tax on that or just my business income? Thanks for your help.beginners investing in

Do I have to pay capital gains taxes on international investments if I live in the US?

screwed asked: I am planning on making some investments outside the country (stock market investments). Can I access the profits while living in the US or will I have to pay capital gains taxes on it? If so, how much will I have to pay say for $10,000 in profits?safe investing is

aministrator of estate no financial records of deceased uncle. What do I do when I file taxes with the IRS?

asked: I was appointed administrator of my uncle’s estate. I thought he had his financial records…Unfortunately, he died incompetent and no will (intestate)…There are no legal records. I live in KS…He lived in NY. He filed no taxes with the IRS, since 2003. My records began in 2007. What [...]