Posts Tagged Income Tax Return

How long does it take to receive tax return?

Posted on November 30, 2009 by

Mel asked: 3 weeks ago, I sent my GST tax return form and 2006 T1 adj form with necessary forms to the address that CRA gave me. I haven’t heard anything about my tax return from the CRA. I can’t access my account on the website. I’m just curious because this is the first time [...]

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When filing an income tax return, do I need to include insurance refund from auto accident?

Posted on November 10, 2009 by

remembranze asked: When filing an income tax return, do I need to include insurance refund from auto accident? My car was total loss. My insurance pay off my loan for the car and gave me back $6000 after the payoff. Do I need to report this when filing my income tax return?

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Tax return?

Posted on November 8, 2009 by

bi asked: My friend is a Canadian working in company. His wife, who is yet to become a permanent resident, is working in USA on work-visa. Do my friend need to file income tax return, for his wife, in Canada? Will he recieve any tax benefit due to having family? Please let me have a [...]

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Is recent tax package going to affect my return?

Posted on November 2, 2009 by

matt h asked: I understand a little about this so called “package” Mr. Bush speaks of. There are talks of a refund near the end of the second quarter; but will this affect my income tax return at all?

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Tax question regarding default student loan and joint return?

Posted on July 23, 2009 by

Julia asked: We have a daughter with disabilities and have many many medical bills. Consequently, my student loan is in default. My husband has not student loans. I was wondering if my husband and I file tax together will the government take our income tax return?

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What do you know about filing for income tax return?

Posted on June 11, 2009 by

sydney_sunday asked: I am 20 years old and I still live at home with my parents and they also pay for my college. What is the income amount that does not require me to file an income tax return? If I made $14,000 that year, would I need to file an income tax return?

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T2 Canada Corporation Income Tax Return, Schedule 1?

Posted on June 4, 2009 by

crm_dvd9 asked: If a U.S. corporation has business income in Canada, what gets reported on the tax return as far as income on schedule 1, line 1? Is it total income (from U.S. and Canada) or is it just Canada income?

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I did not file income tax return for the past 10 years?

Posted on April 13, 2009 by

Chu K asked: I am an USA citizen (California resident). I moved to Taiwan 10 years ago to teach English. In the past 10 years, I file tax return in Taiwan, but I thought I don’t need to file tax return in USA and California. I earn approx. US$30,000 every year. Now I am applying [...]

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How can I Prepair a U.S. corporation income tax return (form 1120)?

Posted on April 9, 2009 by

depreciation asked: I have to prepair this for my tax class and I have some trouble with the calculations. for example line 13 asks for wages. I have been given the wages for the employees, but i looked at a project done by someone last semester and they have a different #, but not based [...]

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Do I need to file an income tax return for my Canadian corporation?

Posted on April 9, 2009 by

Busy Chris asked: I incorporated my business in Canada earlier this year, but never had the time to do anything with it. I haven’t made any money for it or started advertising or anything. A friend of mine said that I don’t have to file a return for my corporation until I make my first [...]

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