Financial Freedom » personal

Need a personal loan have bad credit do not have the money for the start up fees or tax fees….?

Financial Advisor — Tue, 09 Feb 2010 09:04:14 +0000

going through a hard have bad credit trying to get a loan. i know but i don't have the money for the start up fees and all that stuff can anyone help ??

Employee used business credit card and cannot pay us back for personal expenses, what would a tax auditor do?

Financial Advisor — Sun, 07 Feb 2010 15:04:48 +0000

Several thousand was spent. We did not file charges, but just fired her. What would the consequences of an audit be?

does your personal credit card usage have anything to do with tax return?

Financial Advisor — Sat, 06 Feb 2010 20:52:47 +0000

like minimum payment.

Can I get a personal loan with a TAx ID number?

Financial Advisor — Fri, 05 Feb 2010 14:55:19 +0000

My wife wants to get a personal loan. She has a credit card currently.

What are the tax implications for leasing personal property to a company searching for natural gas?

Financial Advisor — Fri, 05 Feb 2010 08:50:20 +0000

I'm particularly interested in the income generated from the lease. For example, if I received 100K up front does this get counted as straight income? Regardless of how it's taxed, are there special deductions or credits, given that this has to do with an alternate cleaner form of energy? Thanks!

Can you use your business lines of credit for your personal use and write it off on your business taxes?

Financial Advisor — Thu, 04 Feb 2010 14:45:52 +0000

I have four business accounts:

Dell
Office Depot
Staples
Exxon

If I were to use my Exxon for half business and half personal, is that illegal? What are the stipulations on using your business credit for personal credit and writing the expenses off on your taxes? This will be the first year that I am doing real business. I just want to make sure I am doing everything right.
I have a legitimate business with a Tax ID Number and I do have one client so far. The only major purchases I have done is bought a new Dell computer for my home/office. Also, I have bought some office supplies but that's about it.

Bring back the personal interest tax deduction especially for credit cards.?

Financial Advisor — Thu, 04 Feb 2010 08:50:14 +0000

What would be the problem with bringing back the personal interest tax deduction especially for credit cards?
Yes we were able to once upon a time deduct the interest on credit cards as well other sorts of personal interest such as a car loan. Back then the excuse for eliminating this was that they did not want to promote spending. Well that was a bunch a crap in my book. That is all we heard recently to get the economy back on the roll – go out and spend. The government wouldn't have to bail us out just allow for this type of deduction to be taken once again. Depending on how much debt someone is in would determine the overall amount that could be deducted. Some more some less. As for the banks having any say with this, they are at our mercy now and with this we would like to see some of our life line money they know all to well how to spend be once again back in our wallets. With that a credit card charging 30% interest would become a thing of the past. With the hudge bailouts that the banks got without our approval and with our money this is the least that could be done to help the backbone (middle class) of this economy.

i want to apply for a business tax id but wondering if it will be connected to my personal credit?

Financial Advisor — Wed, 03 Feb 2010 21:12:19 +0000

If I am a disregarded entity for tax purposes, can my personal income taxes be offset?

Financial Advisor — Wed, 03 Feb 2010 03:14:05 +0000

I received a letter from the SBA(small business administration) that says that my debt to them can be offset. I filed a personal chapter 7 and included it in my debt, but when I talked to them they said that it can be collected upon through the business since I did not close it. The fact is that I have other lines of credit that I am paying that was not originally in the bankruptcy that I personally guaranteed. So I cannot really just fold the LLC without the new debt being thrown on my personal credit now. The debt was already discharged two years ago from me personally.

I found this statement on the web: Disregarded entities are unique in that, although they are separate entities for legal purposes (thus affording us asset protection), they are treated as nonexistent for tax purposes.

If that is the case, can they take my refund? I am a single member LLC. But my income comes from a normal 9-5.

What are tax consequences for me when corporation goes under and you have personal guarantee on credit card?

Financial Advisor — Tue, 02 Feb 2010 20:51:59 +0000