Free Tax Tips

Posts Tagged ‘charity’

Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution

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Investing & Personal Finance Tips : Who Has to File 1099 IRS Form?

Question: Will the IRS Put Elliot Capone Spitzer in Jail for Not Giving his Prostitutes 1099-MISC Forms to Report Income

Or were he and his prostitutes trying to evade the IRS just like Capone did?

Spitzer was a top attorney general. Surely, he knew that he and the prostitutes had a legal responsibility to report the income to the IRS.

Does this corrupt behavior portray a typical Democrat?

Answer: He’ll walk away.

Eaton Vance Enhanced Equity Income Fund II May 2010 Distribution

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Question: Who pay the tax on the Harley I won from a non profit organization at Strugis, no 1066 form filled out?

I won a 2008 Harley from a non profit ticket drawing not a raffle, I do not remember filling out any form to receive a 1099, I have not received a 1099, am I responsible for reporting the value of the motorcycle?

Answer: Yes. You are responsible to pay tax.

Put the fair market value when you received it on Line 21, as gambling winnings.

The New Double Bottom Line

The L3C designation is helping entrepreneurs start for-profit businesses with non-profit souls.

The Family-Theocracy in America Exposed [part I]

Can I get a tax write off if I donate my car to a family member?

I know you can get a tax id number and then write the car off if you donate your car to a charity but can you get one donating your car to a family member I rather give the car to my brother-in-law knowing that he and his family need a car bad. So please let me know if I can get a tax id number for donating a car and write that off on your tax return.

Little Known Tax Deductions Could Get You Extra Money

You may not see filing your taxes so much as a chore this year, but more of a reward. That’s because there are new deductions that can put extra money in your pocket.

Self Employment Tax Tips : How to Deduct Volunteer Charity