Is the road levy refundable contained by india?
I am in kerala..I want to procure refund on my road duty since i am going to buy a new motor...is it possible?Answers: It is like collecting milk that fell down on the ground.
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I recieved an inheritance on which the estate payed taxes..do i report?
Would I have to report that income even though the estate payed taxes? And would I benefit from reporting it?Answers: Gifts or inheritances are never taxable - they've be taxed already by the supporter (if applicable, a whole different topic).
You don't report gifts/inheritances as income. Now if you received property and afterwards turn around and sold it - you will need to report the public sale and if you sold it more than it was worth at the time it be given to you, then you will hold to pay taxes on the gain.
If the money is from an IRA, Pension or Annuity, you still gain to pay income taxes (these are different from estate taxes).
if the money be in a dune account earn interest, the intererst *may* be taxable to you--the estate would pass it through to you on a 1041 agenda k-1. Ask the executor if you will be getting one.
Tax Question: Federal due on gasoline is $0.40/gallon but nonetheless why can't I write that past its sell-by date?
I can't control how much the Gov. taxes every gallon of gasoline but I understand I can control where on earth I live and that I can live closer to work. But the amount of taxes coming out of every gallon does not change though I may live closer, hence I believe it should be written off. Is this not a nouns question, or is here a way to write this stale?Answers: I know that if you drive for your job, approaching I do, you can write off the miles that you drive for work. Not TO work...but for work. For example, I walk out my house and drive seven miles to work. Once I arrive at the office, I reset the trip odometer to nought. After my client meets me at the bureau and I drive him around all time looking at houses, I return to the office and earlier I leave to progress home, I write down the mileage for that day. The mileage to and from the department to home do not count.
If you qualify to itemize you can deduct adjectives the sales duty you spent the entire year if you save your receipts. You choose to count your sale tax or your state income import tax.