Comments for Xtacash

Comment on How Fo You Determine Cell Phone Expense Taxdeduction For Home Business? by Serge M

Serge M — Sun, 28 Feb 2010 07:02:08 +0000

claim it all. it is a business tool that is occasionally used for personaly use. perfectly reasonable for a company to have a phone – which is the test.

Comment on How Fo You Determine Cell Phone Expense Taxdeduction For Home Business? by preichwe

preichwe — Sun, 28 Feb 2010 06:55:40 +0000

You must prorate the time used for business and time used for personal usage. If it is 50/50 then deduct 1/2 on your Sch C.
Added
These cell phone deductions are coming back to bite people in audits right now.

Comment on How Fo You Determine Cell Phone Expense Taxdeduction For Home Business? by Rebecca

Rebecca — Sun, 28 Feb 2010 06:30:56 +0000

Theoretically, you should prorate personal and business use, but practically, it is a business phone and the entire cost should apply to the business. Virtually every business phone anywhere in the world is sometimes used for personal purposes. the business needs the phone and it incurs the entire expense. So do as Patrick suggests.

Comment on What Is The Best Book That Will Introduce Me Into Successfully Investing In Stocks Through Online Brokerages? by Unknown

Unknown — Sat, 27 Feb 2010 17:06:32 +0000

I don’t think it matters where you buy your shares from – online broker or old fashioned broker.
If you buy the wrong ones.. you will loose money.
Online brokers like thinkorswim.com & spectrumlive.com will let you open a practice account [known as a paper money or demo account] – so you can open one of these trade as for real, but with play money.
They also have some great educational tools.
Here are some books that will help you with tradinghttp://www.thedailytradingreport.com/rec…

Comment on What Is The Best Book That Will Introduce Me Into Successfully Investing In Stocks Through Online Brokerages? by guru_mat

guru_mat — Sat, 27 Feb 2010 16:58:32 +0000

Consult any library!

Comment on How Will Applying For An Auto Loan On-line At Several Places Affect My Credit Rating? by Kimberly B

Kimberly B — Sat, 27 Feb 2010 07:19:04 +0000

FICO takes into consideration that fact that a person is “rate” shopping for large secured loans such as autos and mortgages.
They will only count those hard inquiries as one if you do your shopping within a 15 day period ONLY! So find the right car quick.
Here is their link regarding how inquires are handled.http://myfico.custhelp.com/cgi-bin/myfic…
Hope this answers your question

Comment on How Will Applying For An Auto Loan On-line At Several Places Affect My Credit Rating? by Sgt Big Red

Sgt Big Red — Sat, 27 Feb 2010 07:06:25 +0000

Hello Friend,
Tired of Seeking Loans and Mortgages? Have you been turned down by your bank because you have bad credit? have you
been scammed and you don’t know what to do?
This was exactly how i felt until GOD sent a woman to help me with financial assistance.you can contact him via
sfsecurities.lays.uk@europe.com he Offers LOANS from $5,000.00 Min. to $10,000,000.00 Max.at 3% interest rate.he is
certified and trustworthy. he can help you with financial assistance.
If you are interested, you are required to CONTACT THEM:
Note i am sending this to everyone because i feel this is the only way i
can show my appreciation for what he did for me.
Please Note: All replies should be forwarded to the Company’s
E-mails: sfsecurities.lays.uk@europe.com
Regards
Sarah
http://sfsecurities.lays-uk.com

Comment on Do I Need To Report A Loan Taken From A Company On My Income Tax Report? by zanthus

zanthus — Fri, 26 Feb 2010 09:20:06 +0000

Comment on Do I Need To Report A Loan Taken From A Company On My Income Tax Report? by Judy

Judy — Fri, 26 Feb 2010 08:57:53 +0000

When the loan isn’t reportable as income to you, it should be very well documented and at arms length.

Comment on Do I Need To Report A Loan Taken From A Company On My Income Tax Report? by Helen I

Helen I — Fri, 26 Feb 2010 08:01:52 +0000

I believe if the company says..oh you don’t have to worry about paying it back, as in a forgivable loan, THEN its income to you. Right now, its cash inflow, but is a liability to you not income.