Taxes - My Tax Return
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Answer Tax QuestionsHow long does it take to get a trademark registered and how much will it cost ?
Asked Monday, November 06, 2000 by an anonymous user
Securing a federally registered trademark usually takes several months. It can be done without an attorney, but you should strongly thin about speaking with one. Generally, the Patent and Trademark Office charges between $100 and $400 per class of goods or services. You may also want to speak with your local CPA about your trademark requirements.
In relation to trade marks , what is a service mark ?
Asked Monday, November 06, 2000 by an anonymous user
A service mark is the same as a trademark except that it identifies and distinguishes a service rather than a tangible product. Usually, a trademark for goods appears on the product itself or on its packaging and a service mark appears in advertising for the services. The terms trademark or mark are used commonly to refer to both trademarks and service marks.
What is a copyright ?
Asked Monday, November 06, 2000 by an anonymous user
A copyright protects creative works of authorship that are fixed in a tangible form. A copyright gives its owner the right to control how that work is used, including the right to reproduce the work and make derivative forms of it.
A work is protected the moment it is produced in tangible form. Only works that are registered with the U.S. Copyright Office are entitled to full protection. Registering your copyright to a work is a straightforward process. You have to fill out a form, attach a copy of the work and pay the registration fee (as of 10/2000 = $30. You can go to the U.S. governments Copyright Office's web site to get the appropriate form.
What is a REMIC?
Asked Friday, November 03, 2000 by an anonymous user
A REMIC is an abbreviation for a Real Estate Mortgage Investment Company. Generally it holds a fixed pool of mortgages.
A REMIC is not a taxable entity for federal income tax purposes. Generally, a REMIC is treated as partnership and the partners considered residual interest holders. Net income from the REMIC is passed through to the partners.
The partners pass through income issued to the partner on Form 1066, Schedule Q and is reportable on IRS Schedule E, page 2.
A REMIC is not a taxable entity for federal income tax purposes. Generally, a REMIC is treated as partnership and the partners considered residual interest holders. Net income from the REMIC is passed through to the partners.
The partners pass through income issued to the partner on Form 1066, Schedule Q and is reportable on IRS Schedule E, page 2.
What form do I report my like kind exchange on ?
Asked Monday, October 30, 2000 by an anonymous user
Report your like kind exchange on IRS Form 8824.
Form 1040 - what line is my Taxable Income?
Asked Friday, October 27, 2000 by an anonymous user
On Form 1040, your income tax liability is calculated on your "Taxable Income". Taxable Income is your Adjusted Gross Income, minus either your (itemized or standard deduction) minus the deduction for your personal exemptions. In 2011 it is located on IRS Form 1040 line 43.
Are there any tax incentives in hiring a person with a disability ?
Asked Thursday, October 26, 2000 by an anonymous user
Yes. Taxpayers who own or operate businesses may be eligible for the following tax incentives: Business tax credits named the Work opportunity tax credit, and the Disabled Access credit. The Work Opportunity Tax Credit is a federal tax credit used to reduce the federal tax liability of private-for-profit employers. Employers can hire from 9 different targeted groups: Qualified TANF Recipients, Qualified Veterans, Qualified Ex-Felons, Qualified Designated Community Residents (DCR), Qualified Vocational Rehabilitation Referrals, Qualified Summer Youth, Qualified Food Stamp Recipients, Qualified Supplemental Security Income (SSI) Recipients
Qualified Long-Term Family Assistance Recipients.
Is there a phone number to call to report someone who is not filing a Federal Tax return ?
Asked Tuesday, October 24, 2000 by an anonymous user
If you suspect or know of an individual or company that is not complying with the tax laws, you may report this activity by completing Form 3949-A. You may fill out Form 3949-A online, print it and mail it to: Internal Revenue Service Fresno, CA 93888. If you do not wish to use Form 3949-A, you may send a letter to the address above. Include the following information, if available: Name and address of the person you are reporting. The taxpayer identification number (social security number for an individual or employer identification number for a business) A brief description of the alleged violation, including how you became aware of or obtained the information. The years involved and the estimated dollar amount of any unreported income. Your name, address and daytime telephone number
What is the IRS Telefile system?
Asked Tuesday, October 24, 2000 by an anonymous user
The Telefile system is an interactive computer program that calculates your taxes and begins the electronic filing process over the phone. The IRS automatically sends taxpayers a special Telefile package to those who may be eligible to use it. Generally, teenagers and students are Telefiler candidates. Only those receiving the package can use the Telefiler system. Telefile is available 24 hours a day and requires nothing to be mailed in.