BHWMST Taxation question?
965882
Liquidated means selling part of the estate - stocks, real estate, whatever could be turned into cash.  If everything is real estate you might want to see about getting a loan to pay the taxes if you don't want to sell anything.
198959
Yahoo!   My Yahoo!   Mail      \n Welcome, ohyeahilovegirlz2_2\n[Sign Out, My Account]    \nHome - Help - Forum\nWhat's going on in Answers? \n\n\nAsk Your Question | My Q&A Hello ohyeahilovegirlz2_2  |  Points: 453  |  Level: 2   Home > Business & Finance > Taxes > Other - Taxes > Open Question \n Search for questions & answers\n \nAdvanced Search Save to My Web\n\nTrack new answers for this question:\n\n \n \nCategories\nAll Categories \nBusiness & Finance \nTaxes \nAustralia & New Zealand \nCanada \nIreland \nOther - Taxes \nUnited Kingdom \nUnited States \nOpen Question\nAccepting answers q\n  \nnrukana\n9 minutes ago\n\n6 day(s) left to answer. \n\nReport Abuse\n\n Argue for and against taxation within the perspective of the business community?\n\n \n      \n \nEmail Question\n\nAdd to Watch List       \nAnswers\nBe the first to answer this question.\nOpen questions in Other - Taxes\nRecommend possibble measures or strategies of taxation that may boost business growth and development? \nArgue for and against taxation within the perspective of the business community? \nwith reference to available public documents and literature. what are obectives of taxation.? \nIn the state of Pennsylvania can the IRS levy your wages? \n\nYahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Click here for the Full Disclaimer. \n\nHelp us improve Yahoo! Answers. Tell us what you think. \n\nCopyright © Yahoo! Inc. All Rights Reserved.\nCopyright/IP Policy - Privacy Policy - Terms of Service - Community Guidelines
210051
FBT, capital gains tax, income tax........
771903
Look here ---> http://www.taxcorp.co.uk/faq.html. Find W1 in the document that loads.
502754
First, it depends on which state you live in.\n\nThere are a variety of taxes that phone (and other utilities) like to pass down, especially excise taxes.  I would plan to pay anywhere from 10% to 15% in taxes.
1165121
They will automatically take out 20% for income tax, plus a 10% penalty. Also you have to figure in your income tax bracket; ours is 28%
952529
b-COST! Especially taxes!
256769
call them up and ask for it. they should put you in touch with the finance department who will know the answer.
333683
If there was no increase, then there is a 0% increase. I do not know what motts is trying to say ...\nsince 24,900% times 6 is 1494 and if the additional 6 cents is included, trust me, you are going to pay it...\n\nyour increase went from 6 cents to 1500 cents...not 6 cents to 1494 cents...\n\nNote: 3 cents is 50% of 6 cents and \n      6 cents is 100% of 6 cents and\n      9 cents is 150% of 6 cents and\n      12 cents is 200% of 6 cents and ... So, if there was a 100% increase in your munincipal telephone tax, your charges would have gone to 12 cents per month. \n\nNow,\n\nSince $15 = 1500 cents, your tax was raised from 6 cents per month to 1500 cents per month. The question is :\n\n1500 is what percent of 6...\n\n1500 = x% (6)\n\n1500 = x/100 (6)\n\n1500 = 6 x / 100\n\nso, (cross multiplication) (1500/1) = (6x/100)\n\n6x = 150000\n\nx = 25000. \n\nSo (YES!), \n\nyour munincipal telephone tax was raised 25,000%.\n\nThere should be some kind of law or rule that allows the increase only a certain amount. Nothing close to 25000 percent. If it was raised this much, you have a bunch of crooks working on your local munincipal board, or whatever...\n\nWith this much more money going in, guess where it is going...\n\nI don't need the ten points, but I hope you are complaining to the right authority...this is rediculous...\n\nAlso, although your tax increased 25000%, you had an increase of 250 times what you were paying. In other words, for every dollar you were paying before, you are now paying $250 or for every cent ($.01) you were paying before, you are now paying 250 cents which is also $2.50.\n\nif the increase is 25000% or 24900%, forget about it, both are a huge increases...\n\nWhen was the increase...from 1940 until last month or from last month to this month...
223305
Yes extra\nstupidity tax
769611
Is this a liquidating or nonliquidating distribution?  Was the land purchased inside the partnership? Or purchased by one of the partners ten years ago and contibuted to the partnership in the ten years since purchase?\n\nSorry but we really need more information to give relevant tax issues advice.\n\nEdit:\n\nOK - so a nonliquidating (or operating) distribution - Partnership continues to exist with exact same owners and percentages after distribution as before the distribution.  \n\nYou absolutely do not want a disproportionate contribution because things can get a little ugly under IRC section 751 with that so my recommendation would be distribute based on partnership percentages.  This can be done in two ways - distribute land in 50, 40, 10 amount and have 40% partner buy 10% partners share or distribute cash and land to even up percentages. \n\nLet's start with the all land distribution - You will show land removed from books (credit land) for $100,000 the opposite side will be debits to A (50%, B (40%) and C's(10%) capital accounts for $50,000, $40,000 and $10,000.  Each of the partners will reduce their outside basis by that amount (50k, 40k or 10k) and that will be their basis in the parcel of land they own.  (CAUTION: If any of these partners has an outside basis less than the land distributed they will, as someone said earlier, have a taxable event and will need to pay capital gains on the excess distribution!!) Now C sells his land to B for the 10k basis and has no taxable event and B's basis in the land becomes $50k (the same as A's) - (Another CAUTION: If B has intentions to sell the land shortly the portion purchased from C is now SHORT-TERM and will result in ordinary income!).  You say that the land is valued at $200k so the "deferred" tax will be picked up when each of these partner's sells their land and has to pick-up capital gain.\n\nNow the second option: you will make the total distribution to the three partner's 120k.  A's distribution will be 60% of the land - book value $60k, 50% of distributions; B's distribution will be 40% of land and $8k cash - book value $48k, 40% of distributions; C's distribution will be $12k cash - book value $12k, 10% of distributions.  Once again everyone will reduce their outside basis by the distribution amount and once again there will be no taxable event as long as the distributions DO NOT exceed outside basis.  Your journal entry will be a credit to land for $100k; a credit to cash for $12k; a debit to A's partner capital account for $60k; a debit to B's partner capital account for $48k and a debit to C's partner capital account for $12k. A and B will have deferred gain on the land that will become a taxable event when they sell the land for a gain.\n\nHopefully this covers it - if you have more questions - add details and I'm sure I (or one of the other tax professionals here) can clarify. (Also if you are set on keeping the land a 50/50 split just say that and I can give you the journal entry)
1074762
I cannot help you with CA, but even if you lose money in Michigan, the single business tax will bankrupt you, since it is charged on your sales.  It is a hot political issue here and will probably decide the gubinatorial election in "08
95613
I would contact the taxing entity and obtain ther fair market vakue from them, or contact a realtor and have them find out for you.
367662
Really ambiguous question. You may be talking about income tax withholding, sales tax, property tax, etc.  Furthermore, it could relate to federal or state charts. Feel free to ask the question again, that way somebody could assist you with your needs.
410206
try\nhttp://cfo.dc.gov/otr/frames.asp?doc=/otr/lib/otr/tax/forms/tax_forms/pdf/2003_d-40.pdf&group=1679&open=|33280|33288
1028109
All I know is that Value Added Tax is 17.5% of whatever amount and GST I am not sure what it, I would have helped. Find out from the Authorities responsible for the same.
493971
lol, I'm with Teri. I would say contact a tax professional in the state that he will be filing and they should have those answers, as state tax laws vary state to state. Sorry I couldn't be of more assistance. :)