Taxes Questions and Answers

What do you think of the fare share Tax?




Answers: The "fair tax"? In short, it's a proposal where federal payroll taxes would be abolished, and in its place what amounts to a national sales tax would be collected when you buy anything new - including food, clothes, medicine, cars, houses..

The proponents say that a tax of 23% would be enough to fund the government, and even then they fudge on the way they calculate it. Opponents don't agree, and feel the % would be much higher.

Each family would get a "prebate" each month to cover the tax on an amount equal to the poverty level.

This is a real good deal for the rich, since as a group they'd pay a lot less tax than they do currently. For the poor, with the prebate they might come close to breaking even - unless they are currently getting EIC or other benefits that wouldn't exist any more under this plan, then they'd lose a lot. The middle class would pretty much get the shaft, especially those with kids who now get child tax credits and maybe EIC.

Fair? Well, that's a matter of opinion. My opinion is that it's an awful idea. And yes I did read Neal Boortz's book.

What is the donation significance of VHS movies for import tax return purposes? What's your source?

We donated 187 VHS movies to the local library and I need to find the rational market plus of the tapes to include on my taxes. Can anyone relief?


Answers: IRS suggest 1$ each.
look beneath donations of property sections.
There are three be in which one calculate donation value within general:

1. Appraisal-used for autos when you are claiming a donated utility greater than or equal to $5,000.

2. Approximately 25% of retail value-used for clothes donated (Hillary Clinton used this and it was widely publicized.)

3. A set rota published by the IRS.

How is a import tax preparer remunerated?

I am wondering how is a tax preparer salaried?


Answers: they charge you a fee for preparing your taxes. usually a flat tax.
"Usually" he or she gets a percentage of the export tax prep. fee.

If a preparer promises a huge compensation but his or her fees are based on a percentage of the repayment.RUN AWAY.quickly.
If they work for a place approaching H & R Block, they are paid a %.
If they work for themselves, they are charged doesn`t matter what the tax preparer charges.
If they work for a private firm, approaching a CPA. office, they probably bring back their salary rate or some hourly rate if they are not ineradicably employed.

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