Taxes Questions and Answers

For Canadian tax purposes -is a paint job by an unlicensed/unregistered contractor able to be filed at taxtime




Answers: Not sure what you are referring to. If this was work doen on your business premises, then as long as you have proper documentation (invoices, or at least copies of cheques paid), it's a business expense.

If it's personal, there is no Canadian tax deduction for work done on your home.
If the contractor is painting at your business then YES, you just need to prove he did the work with a receipt.
If he's unlicensed I'll assume he won't take a cheque, but if he does then pay by cheque. It's probably a cash deal, so get a receipt from them and you can file it against your taxes. Remember, no reciept = no proof = big red flag.
Don't worry if he pockets the cash and doesn't declare it, that's not your problem.

Tax return and put money on child support!!?

This is the first year that the Attorney General's office flagged my wife's ex to intercept his export tax return for back child support. If he get a RAL (Rapid Anticipation Loan) check will the IRS still send the reimbursement to her?


Answers: First of all, most places check since releasing an RAL, so he should not be able to find one. Second, the money will clear from the Irs depending on if he is married or single differently. If he is married, they have to contribute his spouse time to file for injured spouse. the IRS can hold the money for upto 6 months if nearby is a possibility someone will file for injured spouse, after it would be cleared to the agency that filed the intercept. They will hold to issue her the check not the IRS.
He wont get a RAL
The IRS will hold flagged that return and thus RAL will be rejected
She will get the check
The IRS does not dispatch him a RAL, a private bank does. It is a loan.
The IRS will convey your wife the back child support.
The mound that made the RAL loan will go after her Ex for the full amount of the loan when they find out the child support have been deduct.
Woohoo! Congratulations!
She'll get the refund- He can't carry RAL approval if he's flagged- Most companies verify info with IRS for approval from IRS- Otherwise, he'll freshly have to reward it back near interest like any other loan
I Agree With Elizabeth P She Is So Right. Hi Will Get denied For A Ral loan. Don't Except To Get The Money Right away Normally It take 6 Months To Receive His Return.. I Have Heard And Not A 100 % Sure It Is True But If The Ex Calls FMS And Gives Them Permisson To release The Money Earlier Then They May Send It To Your Wife Earlier. There Is Some Catches To This depending On his Filing Statues.
Good Luck And Also Enjoy Spending His Money... LOL..

Where r the cpt forms are available and what is the last date of submitting the form.?




Answers: CPT forms are available on the ICAI branch offices only. You can purchase a form by paying Rs.100 and submit it any time as convenient to you. After submitting the form you will be alligible to write your CP Test in Feb, May, Aug, or Nov whichever is early... Do it.... Enjoy it

The entirety of this site is protected by copyright © 2008. All rights reserved. RunEye.com