Money Snatchers

tzs asked: I understand that if an individual invests in municipal bonds, they do not have to pay federal income tax on the interest, and usually do not have to pay state income tax on the interest either. But what if a corporation buys municipal bonds, do they have to pay federal income tax [...]

LB and Orina. asked: What it is with these conservatives? Are they so deperate that they’ll try anything and do they have any policies that aren’t about tax reform. I’d rather hear about immigration.

Brian J asked: Follow my logic
Company A – Makes a widget for $5 and sells it for $10 = $5 profit
If Company A has a $1 tax then it must sell its widget for $11 to maintain profit levels.
Therefore, the people who really pay corporate taxes are the consumers?
So following [...]

DaveG asked: i am filling in my companies tax return for the first time, as nothing much happened in the first year the total income was 6p should i bother putting this in the total income box or should i just put a zero

Nicholas asked: What are the advantages and disadvantages of setting up a corporation to purchase a house or other real estate assets? Are there any?: Why do people do it?

TL asked: My question has listed on TITLE….I am doing Corporation tax return..and I have no idea how to convert book to federal tax basis…..please referral some books or provide related examples…I do appreciate!!…Thank you!!!

jes asked: Calculate the after-tax cost of a $25 million debit issue that Pullman Manufacturing Corporation (40 percent marginal tax rate) is planning to place privately with a large insurance company. This long-term issue will yield 6.6 percent to the insurance company.

fj asked: Regarding the state tax for CA, it is my understanding that the $800 must be paid, so I am not sure which form under the EFTPS this needs to be associated with. Since the company is operating at a loss, there is no need for the federal taxes so I am only [...]

Flair asked: My tax person told me to get my company to reemburse myself for 2007 and 2008 seed money that I’ve invested (and will be investing), but I’m not at all very keen on that idea. Can I instead legally deduct this money from my personal income tax? Thank you in advance.

Defunct asked: Like Robert Kirosaki advises in Rich Dad, Poor Dad.