Tax Blog

I know that we would need to spend the 11,000 or so in adoption expenses in order to get that matched in credit, but how does the tax credit actually work? If we fill out our taxes and we are getting a refund of say $500, do we get the credit on top of that or do we have to owe money in order to receive any of the credit?

Tax Blog

My student loan went into collections, and is now at the California Tax Board, set to be “intercepted” from my tax refund. If I do my taxes online, with like TurboTax, will it “know” i owe this, or will I get a full refund, and a bill later?
Follow-up question:
If the amount I owe is greater than my refund, will I have to pay it all at once, or can I settle/make payments? Transfer the debt to next yrs refund?

New Australian tax to hit mining stocks hard – UBS
CANBERRA, May 2 (Reuters) – Australian mining stocks face a sell-off on Monday as investors digest news that the government plans to slap a 40 percent tax on their profits, investment bank UBS said after the announcement on Sunday.

Read more on Reuters via Yahoo! Philippines News

From “Nashville Now” 1988

Tax Blog

I plan on investing money in a particular stock. My question is, how much does the government tax for income on investments. If I pull my funds out in less than a year, do they charge more in taxes?

Tax Blog

I am currently working from the UK with a whopping 22% off my income. I will be based from the Philippines (working for my UK company) from June but I will be liable for paying my own tax. Can someone please tell me how much income tax they will take off my wages once I’m in the Philippines?

Govt readies for a fight over tax
The federal government is preparing for a fight when it unveils its plan to overhaul the nation’s tax system tomorrow.

Read more on Sky News Australia