I can't decide whether I want to be a teacher or a nurse. If I go into nursing I want to work with children with cancer but I also have an interest in being a teacher. If I would be a teacher I want to teach elementary school. I really love both. Both are promising careers to get into both make pretty good money. Good Hours if planning on having children someday. I am a sophomore in high school and between these two careers.
There is a lot of security with being a nurse. The hours are very flexible and the pay is great. You would have much more flexibility with your schedule if you were a nurse, you can work nights, evenings, part-time or as needed. You set your own schedule. With being a teacher, you have about 2-3 months off in the summer and holidays, but your committed the rest of the time.
If you enjoy teaching, nursing involves teaching patients and family also. Consider a career as a school nurse.
Consider maybe teaching nursing once you have your BNS or MSN.
My mother is a teacher and I'm a nurse. I considered teaching children, but came out of college as a nurse. I started off nursing thinking I would like to work with children, but instead I work with senior citizens. I work a 2-3 nights a week @ $25 an hour. When I need more money, such as for travel, I pick up more shifts. Sometimes I will even pick up work with home health agencies. The important thing while you are in nursing school is to consider all fields and specialties then decide.
In the US, both fields are in extremely high demand. They are respected professions and a person who is dedicated can go far and have a satisfying career. This decision of course, will have to be yours to make. All I would like to say is that The medical and health care and health related industries are the fast growing industry in the world. Advancement and opportunities are beyond all horizons. My advise, speak to a counselor at an accredited nursing college. Make an appointment and have a heart to heart career talk. They'll be glad to speak to any enthusiastic student. Best of luck. ps: This is the time in your life when these things should be researched. You're going through the right thought processes and I believe you will go far in life. Go for it.
I am a teacher, it sucks, but the holidays are cool! And since your in the US (I am in the UK) you get more holidays than me!! Awesome, man I wish I was in the states!
I think teaching would be better.
Monday, April 13, 2009
What are some Common Questions Asked in a Job Interview?
Hey, guys. I'm going for a job interview tomorrow (it's for a part-time summer student position during the summer), and would like to prepare for it. What are some of the more common questions employers may ask me and are there any tips on how to answer them? If you can draw from personal experience, that would be great.
Thanks.
What can you offer to the organization?
Wich are your weak points?
What are your expectatives about your new employment?
What achievements did you reach in your old job?
Why should I choose you over hundreds and hundres of candidates?
They could ask things like: "What are your strengths and weaknesses?", "What do you think you'll get out of this job?" and "Where do you see yourself in ten years?"
But honestly, whenever I've interviewed for a part-time summer job, it's usually just, "What hours can you work? OK, cool, see you Monday." It's not a career-ish job interview, so they probably aren't going to interrogate you about your hopes and dreams. They might ask what your major is, but that's probably as personal as it'll get.
well i am also doing part time jobs like as Data entry job and more and more about it and earn money by sitting at own home and its very easy work to do i am working this from Google Inc and very easy work for you for more detail you can see the kind of jobs from there
http://youronlinejobs.com
thank you
what makes you diffrent from all the other applicants?
Thanks.
What can you offer to the organization?
Wich are your weak points?
What are your expectatives about your new employment?
What achievements did you reach in your old job?
Why should I choose you over hundreds and hundres of candidates?
They could ask things like: "What are your strengths and weaknesses?", "What do you think you'll get out of this job?" and "Where do you see yourself in ten years?"
But honestly, whenever I've interviewed for a part-time summer job, it's usually just, "What hours can you work? OK, cool, see you Monday." It's not a career-ish job interview, so they probably aren't going to interrogate you about your hopes and dreams. They might ask what your major is, but that's probably as personal as it'll get.
well i am also doing part time jobs like as Data entry job and more and more about it and earn money by sitting at own home and its very easy work to do i am working this from Google Inc and very easy work for you for more detail you can see the kind of jobs from there
http://youronlinejobs.com
thank you
what makes you diffrent from all the other applicants?
Results of interview of axis bank for the post of executive support services,chembur mumbai in october 2008?
**** you
Please visit
http://www.axisbank.com/print/ProductDet...
to see the list of successful candidates who ten Examination held on 21st September 2008.
The results of those who appeared in october 2008 is wxpexyed wytj in a week.
Please visit
http://www.axisbank.com/print/ProductDet...
to see the list of successful candidates who ten Examination held on 21st September 2008.
The results of those who appeared in october 2008 is wxpexyed wytj in a week.
Is it worth it to take this job?
Hey guys. I've just been offered a part-time job at Schlotzky's Deli. It's pretty exciting, because I haven't been offered a job ALL year because I 'don't have enough work experience'. How am I supposed to get any work experience if nobody is hiring me for that reason?
Anyways, they've offered me a job, BUT, I'm going on a 3 week vacation in June! That means I'll only be working there for about a month and a half, and odds are they aren't going to want me to continue working there after I return from my vacation after almost being gone a whole month. I really want the job because I want to have some experience on my future resumes and I would like the extra cash, but the only problem is ...
Would it be beneficial to have on my resume a job that I worked for a month and a half? Or would that count against me? I've never had a real 'job' before. Thanks ;)
Okay....this happened to me. I started a job then found out I had to leave the country and they fired me. They don't want someone that will just leave when they start.
I think it's best to be honest from the beginning. Tell them that you will be going away from X dates-give exact dates when you leave and come back-and can you still continue work there when you get back...?
Just do it for 6 weeks who says you have to put it on your resume? If you last that long it will do you good and give you some bucks, sounds like you are trying to weasel out of it to me!
Chickening out and playing Space Invaders for 6 weeks instead will count against you in life experience whether you tell anyone or not!
i would take the job, then once you get hired, find someone to cover your shifts about 3 weeks before you go. as long as you find someone to cover your shifts, you'll still have a job when you get back.
you should be honest and let them know you plan to take off, but def want to work when you get back
Anyways, they've offered me a job, BUT, I'm going on a 3 week vacation in June! That means I'll only be working there for about a month and a half, and odds are they aren't going to want me to continue working there after I return from my vacation after almost being gone a whole month. I really want the job because I want to have some experience on my future resumes and I would like the extra cash, but the only problem is ...
Would it be beneficial to have on my resume a job that I worked for a month and a half? Or would that count against me? I've never had a real 'job' before. Thanks ;)
Okay....this happened to me. I started a job then found out I had to leave the country and they fired me. They don't want someone that will just leave when they start.
I think it's best to be honest from the beginning. Tell them that you will be going away from X dates-give exact dates when you leave and come back-and can you still continue work there when you get back...?
Just do it for 6 weeks who says you have to put it on your resume? If you last that long it will do you good and give you some bucks, sounds like you are trying to weasel out of it to me!
Chickening out and playing Space Invaders for 6 weeks instead will count against you in life experience whether you tell anyone or not!
i would take the job, then once you get hired, find someone to cover your shifts about 3 weeks before you go. as long as you find someone to cover your shifts, you'll still have a job when you get back.
you should be honest and let them know you plan to take off, but def want to work when you get back
What is a good career choice for me?
I am good at math and science. I love all my science courses, but math has always been my strongest suit. I have taken honors Biology and honors Chemistry so far and like them both, but Chemistry is easier for me. I will be taking AP Biology, AP Chemistry, Anatomy & Physiology, and honors Physics before I graduate. I have taken honors Geometry and honors Algebra 2 so far. I will be taking honors Pre Calculus and AP Calculus plus College Algebra before graduating. I am also pretty good in my computer class. I type pretty fast and love working with computers. I am on the UIL Computer Applications team. I will be taking accounting next year to see if that is a strong suit. I am lost in all the searches for careers that I am interested in. Please help me.
I think they would want you in the space program. They need strong skills in all you mention.
you could become a science or math teacher.
since you love science and math and you are good at it and take biology and chem. in AP you could become a veterinarian.
you could become an accountant since you are good at math
good luck ;]
work at home, online jobs, work from home, typing jobs at home, paid survey, get paid for online survey, make money, make money online, make money online opportunity, data entry from home work, http://youronlinejobs.com typing jobs from home, from home work, at home work, online jobs work from home, complete online survey get paid, get paid survey, home based business for all these answer is one.
Yes, one, one and only one Jobslover. I highly recommend them just give it try for only few weeks, believe in yourself , "you can do it" as I am making money online. Yes, Jobslover, Nothing is Better than It.
thank you for visit
answers.yahoo.com
A great part time job is doing Free Surveys Online. Its a Fast, Easy and simple way to make extra money. check this blog for info and Proof of Payments
http://ExtraMoneyForBills.blogspot.com
I think they would want you in the space program. They need strong skills in all you mention.
you could become a science or math teacher.
since you love science and math and you are good at it and take biology and chem. in AP you could become a veterinarian.
you could become an accountant since you are good at math
good luck ;]
work at home, online jobs, work from home, typing jobs at home, paid survey, get paid for online survey, make money, make money online, make money online opportunity, data entry from home work, http://youronlinejobs.com typing jobs from home, from home work, at home work, online jobs work from home, complete online survey get paid, get paid survey, home based business for all these answer is one.
Yes, one, one and only one Jobslover. I highly recommend them just give it try for only few weeks, believe in yourself , "you can do it" as I am making money online. Yes, Jobslover, Nothing is Better than It.
thank you for visit
answers.yahoo.com
A great part time job is doing Free Surveys Online. Its a Fast, Easy and simple way to make extra money. check this blog for info and Proof of Payments
http://ExtraMoneyForBills.blogspot.com
Can you sign up and join the Military if I have.............?
Can you sign up and join the Military if I have herpes.
Maybe the Navy?
Please answer
i think you can join if you have herpes, because that's not one of the major test
one thing, in the interview do not lie, if you lie and say "i don't have herpes"and then found out that you do have herpes, they are going to kick you out for lying, lol
lol maybe not if you swear to NOT spread it.
Maybe the Navy?
Please answer
i think you can join if you have herpes, because that's not one of the major test
one thing, in the interview do not lie, if you lie and say "i don't have herpes"and then found out that you do have herpes, they are going to kick you out for lying, lol
lol maybe not if you swear to NOT spread it.
Where can a 14/15 year old get a job at?
I would like to know where a 14 year old can get a job at besides over the summer. I will be 15 in June and I live in Los Angeles, California USA. A real job besides Baby Sitting & Making money of the Internet. Thanks, Links would be helpful too
a really cool job for the summer would be working at a movie theatre. You get discounts, sometimes get to see movies (if not, parts of it), and ur always in a building with AC. My cousin worked at a movie theatre and he LOVED it.
If you don't wanna do that, working at a really cool girl/guy clothing store is cool. If you love shopping, you get discounts on the clothing for a women's store, but if u work at a men's store, you get to help guys, and sometimes u'll get really cute guys. That is of course, if you wanna be in that type of atmosphere.
Hope this helped! Good luck!
work at home, online jobs, work from home, typing jobs at home, paid survey, get paid for online survey, make money, make money online, make money online opportunity, data entry from home work, http://youronlinejobs.com typing jobs from home, from home work, at home work, online jobs work from home, complete online survey get paid, get paid survey, home based business for all these answer is one.
Yes, one, one and only one Jobslover. I highly recommend them just give it try for only few weeks, believe in yourself , "you can do it" as I am making money online. Yes, Jobslover, Nothing is Better than It.
thank you for visit
answers.yahoo.com
It is rare for anyone under the age of 16 to get hired.
Why rush into having a job anyways?
I'd love to be a kid again, without a job. Jobs really suck!
Food places usually hire kids. McDonald's, Burger king, KFC, etc.
A great job and way for Teens to make money is by doing Free Surveys Online. Its simple, easy and for ages 13 and up. check this blog for more info and Proof of Payments
http://TeenJobs.tk
a really cool job for the summer would be working at a movie theatre. You get discounts, sometimes get to see movies (if not, parts of it), and ur always in a building with AC. My cousin worked at a movie theatre and he LOVED it.
If you don't wanna do that, working at a really cool girl/guy clothing store is cool. If you love shopping, you get discounts on the clothing for a women's store, but if u work at a men's store, you get to help guys, and sometimes u'll get really cute guys. That is of course, if you wanna be in that type of atmosphere.
Hope this helped! Good luck!
work at home, online jobs, work from home, typing jobs at home, paid survey, get paid for online survey, make money, make money online, make money online opportunity, data entry from home work, http://youronlinejobs.com typing jobs from home, from home work, at home work, online jobs work from home, complete online survey get paid, get paid survey, home based business for all these answer is one.
Yes, one, one and only one Jobslover. I highly recommend them just give it try for only few weeks, believe in yourself , "you can do it" as I am making money online. Yes, Jobslover, Nothing is Better than It.
thank you for visit
answers.yahoo.com
It is rare for anyone under the age of 16 to get hired.
Why rush into having a job anyways?
I'd love to be a kid again, without a job. Jobs really suck!
Food places usually hire kids. McDonald's, Burger king, KFC, etc.
A great job and way for Teens to make money is by doing Free Surveys Online. Its simple, easy and for ages 13 and up. check this blog for more info and Proof of Payments
http://TeenJobs.tk
Losing our jobs in two weeks?
Our company notifed us of the layoffs, Can I start my claim for unemployment benefits now,or must I wait until the very last day worked?
(Calif.)
i think you have to wait until you are layed off. because what if they decide not to lay you off and they lay off other people. ya know? you have to not be working.
Do you want to work from home and earn $7,500 - $12,000 every month?
currently seeking full-time & part-time workers to
enter data for over 10,000 companies around the world. You can earn a
significant income every month with no experience. Our program will show
you step-by-step how to get started and we will help you continue to generate
the income you want!
http://youronlinejobs.com
answers.yahoo.com
There is a waiting period of a couple weeks after you file your claim.
Check with your local EDD office, they will have all the details. Or check their website.
(Calif.)
i think you have to wait until you are layed off. because what if they decide not to lay you off and they lay off other people. ya know? you have to not be working.
Do you want to work from home and earn $7,500 - $12,000 every month?
currently seeking full-time & part-time workers to
enter data for over 10,000 companies around the world. You can earn a
significant income every month with no experience. Our program will show
you step-by-step how to get started and we will help you continue to generate
the income you want!
http://youronlinejobs.com
answers.yahoo.com
There is a waiting period of a couple weeks after you file your claim.
Check with your local EDD office, they will have all the details. Or check their website.
Do you think I will get the sack?
I just started a job a month ago, which involves going into workplaces and giving a training course to the staff. I keep finding myself arriving at these places, and finding the managers weren't told the full facts about the course, even though they have signed and agreed for me to come and deliver the course.
I face these dilemmas where I arrive somewhere and start teaching, then people say, "we weren't told this and that when the course was sold to us...." etc.
I tried to tell the company, and they just say the customer has been told, and I am to sort it out and carry the agreement through.
If it was a one-off I would say the customer was being difficult, but the fact it happens on a regular basis makes me think the company is at fault.
Should I apologise to the customer and make the company look like they are at fault? Should I encourage the customer to complain to the company? Will I get sacked for this?
I just don't know which way to turn. Plz help, thanks.
My best advice is better prepare yourself and to always expect these concerns to be addressed by customers. Inform your company that there is an issue with the lack information that is being given out. You must communicate this issue with your company and show that you show interest in resolving the problem. As far as dealing with customers always be as diplomatic as possible and be careful in mentioning that the company you are representing is at fault. Offer contact numbers or email addresses where they can find solutions. Remember that if it happened once it would surely happen again. So your best bet is to be prepared.
I face these dilemmas where I arrive somewhere and start teaching, then people say, "we weren't told this and that when the course was sold to us...." etc.
I tried to tell the company, and they just say the customer has been told, and I am to sort it out and carry the agreement through.
If it was a one-off I would say the customer was being difficult, but the fact it happens on a regular basis makes me think the company is at fault.
Should I apologise to the customer and make the company look like they are at fault? Should I encourage the customer to complain to the company? Will I get sacked for this?
I just don't know which way to turn. Plz help, thanks.
My best advice is better prepare yourself and to always expect these concerns to be addressed by customers. Inform your company that there is an issue with the lack information that is being given out. You must communicate this issue with your company and show that you show interest in resolving the problem. As far as dealing with customers always be as diplomatic as possible and be careful in mentioning that the company you are representing is at fault. Offer contact numbers or email addresses where they can find solutions. Remember that if it happened once it would surely happen again. So your best bet is to be prepared.
Truths of online data entry job?
i want to know truth fullness of online data jobs. plz give me the best and reliable site of online data entry job.which is personally experianced by u.
the only truth of online data entry job is that there are more scam sites with this title than the legit websites.
Still, its no problem cause we have online job registrar and we also have free online job registrar at http://jobs.kritagya.net.np which will register free to join online jobs
I've setup a website which describes the best methods to find a real work from home job. I only include links to genuine websites for data entry and work at home jobs.
If you need any more help please send me a private message on yahoo.
http://working-from-home-ireland.blogspo...
Others I've found which have been very useful:
http://genuinedataentry.blogspot.com/ (Data entry and home office type jobs)
http://freelance-data-entry.blogspot.com... (mainly IT and Admin jobs)
I am earning 500 a week.
If you are looking for a real job in your area try http://jobsandmoney.0fees.net
Another great way to earn money online is from http://jobsonline.friendsmela.com
It's free to join and easy to do. You are guaranteed to get paid so you don't have to worry about this being a scam.
Plus, you can even work from anywhere and can select your own working hours.
Also for earning easy cash http://money.ukonlinemart.com
See the payment proofs.
thanks for using answers.yahoo.com
There are a lot of scams going around! At least check for the authenticity before doing so!
I have 8 years experienced in home based business; Here is my link where you can reach me to make sure a business is true or SCAM!!, or simply if you need me to suggest you some true business to start getting a salary with.
Visit here:
Site URL: http://workathomebb.com
It depends on which place you live in
If you are in US, UK, Canada,Aus, EU it is ok.., but if you are in India and trying to do something ...., becareful you may end up as loser
Most Online Data Entry jobs are scams and it's hard to find such jobs. Try other things online - article writing, forum posting, blogging, etc.
a lot of them are bogus
the only truth of online data entry job is that there are more scam sites with this title than the legit websites.
Still, its no problem cause we have online job registrar and we also have free online job registrar at http://jobs.kritagya.net.np which will register free to join online jobs
I've setup a website which describes the best methods to find a real work from home job. I only include links to genuine websites for data entry and work at home jobs.
If you need any more help please send me a private message on yahoo.
http://working-from-home-ireland.blogspo...
Others I've found which have been very useful:
http://genuinedataentry.blogspot.com/ (Data entry and home office type jobs)
http://freelance-data-entry.blogspot.com... (mainly IT and Admin jobs)
I am earning 500 a week.
If you are looking for a real job in your area try http://jobsandmoney.0fees.net
Another great way to earn money online is from http://jobsonline.friendsmela.com
It's free to join and easy to do. You are guaranteed to get paid so you don't have to worry about this being a scam.
Plus, you can even work from anywhere and can select your own working hours.
Also for earning easy cash http://money.ukonlinemart.com
See the payment proofs.
thanks for using answers.yahoo.com
There are a lot of scams going around! At least check for the authenticity before doing so!
I have 8 years experienced in home based business; Here is my link where you can reach me to make sure a business is true or SCAM!!, or simply if you need me to suggest you some true business to start getting a salary with.
Visit here:
Site URL: http://workathomebb.com
It depends on which place you live in
If you are in US, UK, Canada,Aus, EU it is ok.., but if you are in India and trying to do something ...., becareful you may end up as loser
Most Online Data Entry jobs are scams and it's hard to find such jobs. Try other things online - article writing, forum posting, blogging, etc.
a lot of them are bogus
What are good summer jobs that a 13 year old can do?
It needs to be jobs that don't require a lot of experience and travel.
Also they jobs have to pay moderatley well.
I am earning 500 a week.
If you are looking for a real job in your area try http://jobsandmoney.0fees.net
Another great way to earn money online is from http://jobsonline.friendsmela.com
It's free to join and easy to do. You are guaranteed to get paid so you don't have to worry about this being a scam.
Plus, you can even work from anywhere and can select your own working hours.
Also for earning easy cash http://money.ukonlinemart.com
See the payment proofs.
thanks for using answers.yahoo.com
at 13 i think this job would be perfect for you!
i currently work online i have a blog that explains it all. i will also let you send me an aim message if you need help my aim is scklbad. heres my blog http://howtomakemoneyonlinewithpaidsurve...
baby-sitting and caddying r the only things i can think of, but caddying can pay real well
Also they jobs have to pay moderatley well.
I am earning 500 a week.
If you are looking for a real job in your area try http://jobsandmoney.0fees.net
Another great way to earn money online is from http://jobsonline.friendsmela.com
It's free to join and easy to do. You are guaranteed to get paid so you don't have to worry about this being a scam.
Plus, you can even work from anywhere and can select your own working hours.
Also for earning easy cash http://money.ukonlinemart.com
See the payment proofs.
thanks for using answers.yahoo.com
at 13 i think this job would be perfect for you!
i currently work online i have a blog that explains it all. i will also let you send me an aim message if you need help my aim is scklbad. heres my blog http://howtomakemoneyonlinewithpaidsurve...
baby-sitting and caddying r the only things i can think of, but caddying can pay real well
I
If I quit or am let go will I get any sort of compensation?
The company is called Insight Beverages.
you should get a pension of some kind after 20 years?
The company is called Insight Beverages.
you should get a pension of some kind after 20 years?
Do you know anything about this?
Im 14 and i wanted to try an online job for teens . Like the survey ones.
Do you know any ?
Can you tell me more about them please.
That would help alot .:)
Just put the site name .
How much they pay .
And any other information .
Thanks again :)
I%26#039;ve got the perfect site for you.
http://www.points2shop.com/index.php?ref...
It free to join and you don%26#039;t need a credit card like most other sites. You don%26#039;t need to refer a single person in order to receive any of your prizes/payments. And most importantly, it%26#039;s not a SCAM and I can prove it. But you can get paid by check, you can have the money sent instantly to your PayPal account, E-Gold account, Alert account, Liberty Reserve account, or you can spend your points that you earn to buy anything you want on Amazon.
A few ways that you can earn points.is by completing offers, surveys, playing games or referring other people. But most of the offers are quick, very easy to do, and 100% Free.
If you sign up following these 5 steps you will automatically start off with $3.00
1. Copy/Paste http://www.points2shop.com/index.php?ref...
2. Click on the banner that says, %26quot;It%26#039;s Fun and Free Sign Up.%26quot;
3. Fill out the information with your valid name/address/email etc. (So that way they know where %26amp; who to ship your prizes/payments. Once you%26#039;re done they%26#039;ll send you an email that you%26#039;ll need to confirm in order to participate.
4. Go to %26quot;Account%26quot; and click on %26quot;Phone Verification.%26quot; You will get a voice message with the code. Wrote down the code on a piece of paper.
5. Go back to %26quot;Phone Verification%26quot; and type in the code in the box and hit submit.
And if you want some proof that other members of the website are actually receiving their prizes, then check out my blog. http://freestufffromamazon.blogspot.com/
I don%26#039;t know much about them, but they seem a bit dodgy to me.
Earning money just for taking surveys? There must be a catch.
But it%26#039;s up to you.
%0D%0A
Do you know any ?
Can you tell me more about them please.
That would help alot .:)
Just put the site name .
How much they pay .
And any other information .
Thanks again :)
I%26#039;ve got the perfect site for you.
http://www.points2shop.com/index.php?ref...
It free to join and you don%26#039;t need a credit card like most other sites. You don%26#039;t need to refer a single person in order to receive any of your prizes/payments. And most importantly, it%26#039;s not a SCAM and I can prove it. But you can get paid by check, you can have the money sent instantly to your PayPal account, E-Gold account, Alert account, Liberty Reserve account, or you can spend your points that you earn to buy anything you want on Amazon.
A few ways that you can earn points.is by completing offers, surveys, playing games or referring other people. But most of the offers are quick, very easy to do, and 100% Free.
If you sign up following these 5 steps you will automatically start off with $3.00
1. Copy/Paste http://www.points2shop.com/index.php?ref...
2. Click on the banner that says, %26quot;It%26#039;s Fun and Free Sign Up.%26quot;
3. Fill out the information with your valid name/address/email etc. (So that way they know where %26amp; who to ship your prizes/payments. Once you%26#039;re done they%26#039;ll send you an email that you%26#039;ll need to confirm in order to participate.
4. Go to %26quot;Account%26quot; and click on %26quot;Phone Verification.%26quot; You will get a voice message with the code. Wrote down the code on a piece of paper.
5. Go back to %26quot;Phone Verification%26quot; and type in the code in the box and hit submit.
And if you want some proof that other members of the website are actually receiving their prizes, then check out my blog. http://freestufffromamazon.blogspot.com/
I don%26#039;t know much about them, but they seem a bit dodgy to me.
Earning money just for taking surveys? There must be a catch.
But it%26#039;s up to you.
%0D%0A
Where/ how would you start in getting a white collar job?
i work in the medical field right now and I HATE IT! i would like to work a white collar job where i work in a cubicle all day in my own little world. My job experience is all medical related though so i'm assuming that i'd have to start at the bottom which is fine but i still don't know where and how to start. First: do i necessarily need a bachelors degree and if so, does which major i take matter? R there any type of white collar jobs that don't require a BA? second: im guessing i have to go through an agency so how do i find such angencies, do i just research "white collar job agency" or something. any feedback/ info would be appreciated.
you can be a stock broker without a bachelor's degree. you just have to pass the test and get your licenses. that's why people always lose their money investing with stockbroker salesmen. They assume the brokers are educated in finance. In reality they are not. You can be a good broker.
you can be a stock broker without a bachelor's degree. you just have to pass the test and get your licenses. that's why people always lose their money investing with stockbroker salesmen. They assume the brokers are educated in finance. In reality they are not. You can be a good broker.
What are some job positions in a company? like ceo..vice president?
what are some other postions
Chief accounting officer Chief administrative officer Chief analytics officer Chief brand officer Chief channel officer Chief compliance officer Chief communications officer Chief data officer Chief executive officer Chief financial officer Chief information officer Chief information security officer Chief knowledge officer Chief learning officer Chief legal officer Chief marketing officer Chief medical officer Chief networking officer Chief operating officer Chief procurement officer Chief risk officer Chief science officer Chief strategy officer Chief technology officer Chief visionary officer
Board of directors Chairman of the board Corporate governance Creative director Executive compensation Executive director Fiduciary General counsel Management team Managing director Non-executive director Corner office
Chief accounting officer Chief administrative officer Chief analytics officer Chief brand officer Chief channel officer Chief compliance officer Chief communications officer Chief data officer Chief executive officer Chief financial officer Chief information officer Chief information security officer Chief knowledge officer Chief learning officer Chief legal officer Chief marketing officer Chief medical officer Chief networking officer Chief operating officer Chief procurement officer Chief risk officer Chief science officer Chief strategy officer Chief technology officer Chief visionary officer
Board of directors Chairman of the board Corporate governance Creative director Executive compensation Executive director Fiduciary General counsel Management team Managing director Non-executive director Corner office
What is this job called?
i want to be ..behind the scenes of a fashion show
like organise things for the event ..
also it doesn't have to be just fashion shows
it can be any big event
btw i know its hard to get into and i wont be doing the fun stuff straight away..
fashion show event coordinator
event coordinator.
like organise things for the event ..
also it doesn't have to be just fashion shows
it can be any big event
btw i know its hard to get into and i wont be doing the fun stuff straight away..
fashion show event coordinator
event coordinator.
Do you think a travel agent is a good job?
I'm thinking of becoming a travel agent and studying for it, do you think its a good career move?
For general career info: http://www.bls.gov/oco and can search 'travel agents', 'lodging managers' (like hotel management that someone else suggested) or such.
I'm not really sure how much agents are needed these days due to the internet and such as others have pointed out. I do know that agents may work irregular hours including nights and/or weekends since a lot of people would prefer to call on the weekends to plan their vacation.
If still interested, please consider the more affordable programs such as the county vo-tech school or community college (or even state uni if interested in bachelor's degree) as opposed to those private $$ tech schools.
Please also forgo those online, for profit schools such as penn foster, capella, ITT tech, sanford brown, university of phoenix, kaplan, strayer, devry, walden, stratford career, US career and others: http://www.ripoffreport.com and can type into search.
For US colleges: http://www.utexas.edu/world/univ
My neighbour is a travel agent, and she has a really nice house :) No, in all seriousness i think it is a great job, she has been doing it for a while, and worked up the ranks, and she is away every weekend or two to numerous different countries, constructing tour plans, and networks, she gets paid to travel as well. Of course there is the more humble job of not travelling with others but sending them on their way, and that is still fulfilling. Anything where you get to see the world is a good job, and worth the time. It is good pay and I guess a very good job for someone without a young family or dependent kids. My dad used to work for a travel company in the 80s and he said it was the best thing he ever did, he got to see the world and meet wonderful people in the process, to be a little of the mainstream track and see the world in a different perspective. I hope it works out well. Good luck!
It used to be a good career, but things have changed. The internet with all the travel sites have put many stand alone travel businesses out of business. Also, the recession has stopped much of the travel, as people do not have extra money to throw away, having lost their jobs, home values, IRA values.
My mom owns a travel agency, but up until like 2 years ago she wasn't an owner, she was just an agent and she made alright money. She is a single mom with three kids and we have like a nice house and everything, so you make like good money as long as you sell a good amount since a lot of your pay comes from commission.
It's a very detail oriented and multi tasking job. Well, there isn't much you can do to study for it-there is hotel management majors in college but nothing else like travel agent. You just need very strong administrative and social skills.
the internet has effectively killed this job.
For general career info: http://www.bls.gov/oco and can search 'travel agents', 'lodging managers' (like hotel management that someone else suggested) or such.
I'm not really sure how much agents are needed these days due to the internet and such as others have pointed out. I do know that agents may work irregular hours including nights and/or weekends since a lot of people would prefer to call on the weekends to plan their vacation.
If still interested, please consider the more affordable programs such as the county vo-tech school or community college (or even state uni if interested in bachelor's degree) as opposed to those private $$ tech schools.
Please also forgo those online, for profit schools such as penn foster, capella, ITT tech, sanford brown, university of phoenix, kaplan, strayer, devry, walden, stratford career, US career and others: http://www.ripoffreport.com and can type into search.
For US colleges: http://www.utexas.edu/world/univ
My neighbour is a travel agent, and she has a really nice house :) No, in all seriousness i think it is a great job, she has been doing it for a while, and worked up the ranks, and she is away every weekend or two to numerous different countries, constructing tour plans, and networks, she gets paid to travel as well. Of course there is the more humble job of not travelling with others but sending them on their way, and that is still fulfilling. Anything where you get to see the world is a good job, and worth the time. It is good pay and I guess a very good job for someone without a young family or dependent kids. My dad used to work for a travel company in the 80s and he said it was the best thing he ever did, he got to see the world and meet wonderful people in the process, to be a little of the mainstream track and see the world in a different perspective. I hope it works out well. Good luck!
It used to be a good career, but things have changed. The internet with all the travel sites have put many stand alone travel businesses out of business. Also, the recession has stopped much of the travel, as people do not have extra money to throw away, having lost their jobs, home values, IRA values.
My mom owns a travel agency, but up until like 2 years ago she wasn't an owner, she was just an agent and she made alright money. She is a single mom with three kids and we have like a nice house and everything, so you make like good money as long as you sell a good amount since a lot of your pay comes from commission.
It's a very detail oriented and multi tasking job. Well, there isn't much you can do to study for it-there is hotel management majors in college but nothing else like travel agent. You just need very strong administrative and social skills.
the internet has effectively killed this job.
Entertainment promoter jobs?
I'm 15 and I want to be an entertainment promoter in California (southern)
like passing out fliers outside venues after a show/gig/concert/etc...
preferably for raves and festivals or any up coming events in the music industry really...
(it's somewhat like a street team except for raves and stuff)
do you know of any place that would hire someone to do those jobs?
even if they don't pay I'm willing to do it...
if so, please send me their webpage. thanks ^_^
There are no websites offering those jobs. You would have to ask the people currently doing it where they learned about the job.
Consider holding your first rave. Do it all yourself. Hire the band. Pay rent for a location. It might cost you $500 cash. If you charge $15 at the door, you could make $1,500 in one night. Then you would never have to worry about someone else hiring you. People would be coming to you to hire them. Be brave.
like passing out fliers outside venues after a show/gig/concert/etc...
preferably for raves and festivals or any up coming events in the music industry really...
(it's somewhat like a street team except for raves and stuff)
do you know of any place that would hire someone to do those jobs?
even if they don't pay I'm willing to do it...
if so, please send me their webpage. thanks ^_^
There are no websites offering those jobs. You would have to ask the people currently doing it where they learned about the job.
Consider holding your first rave. Do it all yourself. Hire the band. Pay rent for a location. It might cost you $500 cash. If you charge $15 at the door, you could make $1,500 in one night. Then you would never have to worry about someone else hiring you. People would be coming to you to hire them. Be brave.
Why won
I emailed the library two times (to two different people) asking if they had a paying job (shelving books or something) for a 16 year old. Both times they said that there are only volunteer jobs for people under 18. (It's not like I'm going to be handling cash or anything) That's what the first librarian told me and the other person didn't say it in those exact words but said that there are no paying jobs available for me, I guess they didn't want to say it the way the other person did. But is that true? When did that start that? Is it just because of the economy or has it always been like that? I really wanted to work there as my first job. Since I only got an email response do you think I should go in person and ask if I would be able to work there/ask for an application? Would that help? Any help is appreciated!
it does not sound unusual. i have worked in libraries for 30 years and the only 16 year olds i saw were there on the high school work experience program. Why not go in person yes but ask for a voluntary job if you can spare even half a day a week. It will give you experience and referees that the next 16 yo might not have.
Most libraries can get all the under 18 workers they want as volunteers. In some places like my province, high school students have to find 80 hours of volunteer work during their 4 years of high school to graduate. So libraries, YMCA and a lot of other social services get flooded with requests to volunteer.
The volunteers have to do a creditable job to claim those hours for credit to graduate. This is like communist Cuba!
Well you could just volunteer there. Libraries have more volunteer positions than paying ones so if they're saying they have nothing open as far as actual employment then they don't. They're not going to pay somebody when they have others willing to do the job for free.
it does not sound unusual. i have worked in libraries for 30 years and the only 16 year olds i saw were there on the high school work experience program. Why not go in person yes but ask for a voluntary job if you can spare even half a day a week. It will give you experience and referees that the next 16 yo might not have.
Most libraries can get all the under 18 workers they want as volunteers. In some places like my province, high school students have to find 80 hours of volunteer work during their 4 years of high school to graduate. So libraries, YMCA and a lot of other social services get flooded with requests to volunteer.
The volunteers have to do a creditable job to claim those hours for credit to graduate. This is like communist Cuba!
Well you could just volunteer there. Libraries have more volunteer positions than paying ones so if they're saying they have nothing open as far as actual employment then they don't. They're not going to pay somebody when they have others willing to do the job for free.
I am going to write doeacc
while i complete my bca in distance education mode
If you complete your BCA, you will get jobs. A number of job sites for fresher BCA' jobs in Chennai, Bengaluru etc., exist.Some of them are
www.freshersdreams.com/
www.vfreshers.com/
jobblogr.com/
But i would personally advise you to complete MCA also .
Work From Home Freelance Entry Level Online Data Entry / Typing Jobs. Make Money Online - Fill Out Simple Web Forms at Home. Easily Make $200 ~ $500 Per Day. Guaranteed Paychecks. Work from Home Freelance Online Data Entry / Typing Jobs are fast becoming one of the most popular ways to make money online. Online advertising has skyrocketed over the past few years. In 2007, companies spent close to $15 billion advertising online.http://youronlinejobs.com That figure is expected to increase substantially in 2008. What does this mean for you? Money is going into your bank account a lot faster this year. And next year. And the year after. You see, companies worldwide are desperately searching for people just like you to type up their ads and post them online, and they'll pay you nicely in return. It's a win-win situation.
I am earning 500 a week.
A great way to earn money is from http://jobsonline.friendsmela.com
It's free to join and easy to do. You are guaranteed to get paid so you don't have to worry about this being a scam.
See the payment proofs.
Plus, you can even work from anywhere and can select your own working hours.
thanks for using answers.yahoo.com
If you complete your BCA, you will get jobs. A number of job sites for fresher BCA' jobs in Chennai, Bengaluru etc., exist.Some of them are
www.freshersdreams.com/
www.vfreshers.com/
jobblogr.com/
But i would personally advise you to complete MCA also .
Work From Home Freelance Entry Level Online Data Entry / Typing Jobs. Make Money Online - Fill Out Simple Web Forms at Home. Easily Make $200 ~ $500 Per Day. Guaranteed Paychecks. Work from Home Freelance Online Data Entry / Typing Jobs are fast becoming one of the most popular ways to make money online. Online advertising has skyrocketed over the past few years. In 2007, companies spent close to $15 billion advertising online.http://youronlinejobs.com That figure is expected to increase substantially in 2008. What does this mean for you? Money is going into your bank account a lot faster this year. And next year. And the year after. You see, companies worldwide are desperately searching for people just like you to type up their ads and post them online, and they'll pay you nicely in return. It's a win-win situation.
I am earning 500 a week.
A great way to earn money is from http://jobsonline.friendsmela.com
It's free to join and easy to do. You are guaranteed to get paid so you don't have to worry about this being a scam.
See the payment proofs.
Plus, you can even work from anywhere and can select your own working hours.
thanks for using answers.yahoo.com
Can
I had Brastk.exe. Which starts as Antispyware 2009 or some crap like that. I was able to get control back by editing the registry so i could use the Task Manager again. Had to use another computer to Foward Kaspersky Internet Security 2009. Then loaded it up. Kaspersky freezes 1% into the scan. It won%26#039;t update, and if i try to load an Antivirus website, it says page can not be displayed. Help Please, Out of ideas!
There%26#039;s a nasty virus around, downadup or conficker. It%26#039;s been all over the news, and one of the symptoms is the inability to get on to antivirus sites or even microsoft.com
Symantec and other sites have removal tools, but obviously you%26#039;ll need to have someone download it for you, with the removal information. Be sure to get the right version for your operating system, remove your computer from any networks or internet access, and run according to the directions (you need to disable system restore first) to remove it.
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There%26#039;s a nasty virus around, downadup or conficker. It%26#039;s been all over the news, and one of the symptoms is the inability to get on to antivirus sites or even microsoft.com
Symantec and other sites have removal tools, but obviously you%26#039;ll need to have someone download it for you, with the removal information. Be sure to get the right version for your operating system, remove your computer from any networks or internet access, and run according to the directions (you need to disable system restore first) to remove it.
%0D%0A
Do you like your job?
if so .. what is it
thanks
Is it Love/hate or Boring/interesting ?
In this time of recession we do not really have a choice.
Eg: I am a have done my engineering in computer science and was hoping to work for some reputed or multinational software firm.
Can you guess what I am doing currently??
I am working as a CSR and provide technical support on the phone for a miserly salary and had I graduated a couple of years I would be working in some IT company earning 10 times more than I am currently earning.
But something is better that nothing.
If it is Love or Hate then I hate this job due to the poor package.
If it is interesting or boring then this job is very interesting as I provide IT related technical support which I enjoy as I get to learn may new things and am updated about every new technology and other IT services.
So I hate my job even though it is not boring and I like it.
Please note that I Like my job but do not love my job.
I hate it even though it is interesting and not boring....
I work as a learning mentor in my old secondary school (I left 3 years ago) and work with low ability students in English and Health and social care. I'm only part time but my colleagues are so supportive and theirs always something different happening. I absolutely love my job no matter how the kids behave- I wouldn't change it for the world.. although it can be stressful there is always worse things going on in the world compared to me.
whether or not i like my job depends on the day and the department for me...i work in a grocery store in 4 departments: front end (cashiers & service counter), floral (which i manage), bookkeeping, and grocery. it's a little dull and the pay isn't that great, but the people i work with are awesome.
yes because there is no boss and no problem
do you know about it
i am earn money by sitting home and make money easy and pay my fee and you can also earn money from Google Inc and get more more money But you have ti get some struggle and then you will able to do some in this online jobs like as Data entry and more and more you can see that
http://youronlinejobs.com
and read about the online job may you will like \
best of luck
thank you
am workin as site incharge for abudhabi in UAE... i love my job as i travel everywhere in dubai and its my hobby.... but still i wanna change due to less sellary... i really cant manage with that.
NO; it is unemployment.
get me one then i'll answer!
:( i need a job...
im a TA/tutor for multiple schools :)
I wish i had a job! ha
i don't have one right now!!
i have to .....there is no much choice for me.... my family engineering firm...
thanks
Is it Love/hate or Boring/interesting ?
In this time of recession we do not really have a choice.
Eg: I am a have done my engineering in computer science and was hoping to work for some reputed or multinational software firm.
Can you guess what I am doing currently??
I am working as a CSR and provide technical support on the phone for a miserly salary and had I graduated a couple of years I would be working in some IT company earning 10 times more than I am currently earning.
But something is better that nothing.
If it is Love or Hate then I hate this job due to the poor package.
If it is interesting or boring then this job is very interesting as I provide IT related technical support which I enjoy as I get to learn may new things and am updated about every new technology and other IT services.
So I hate my job even though it is not boring and I like it.
Please note that I Like my job but do not love my job.
I hate it even though it is interesting and not boring....
I work as a learning mentor in my old secondary school (I left 3 years ago) and work with low ability students in English and Health and social care. I'm only part time but my colleagues are so supportive and theirs always something different happening. I absolutely love my job no matter how the kids behave- I wouldn't change it for the world.. although it can be stressful there is always worse things going on in the world compared to me.
whether or not i like my job depends on the day and the department for me...i work in a grocery store in 4 departments: front end (cashiers & service counter), floral (which i manage), bookkeeping, and grocery. it's a little dull and the pay isn't that great, but the people i work with are awesome.
yes because there is no boss and no problem
do you know about it
i am earn money by sitting home and make money easy and pay my fee and you can also earn money from Google Inc and get more more money But you have ti get some struggle and then you will able to do some in this online jobs like as Data entry and more and more you can see that
http://youronlinejobs.com
and read about the online job may you will like \
best of luck
thank you
am workin as site incharge for abudhabi in UAE... i love my job as i travel everywhere in dubai and its my hobby.... but still i wanna change due to less sellary... i really cant manage with that.
NO; it is unemployment.
get me one then i'll answer!
:( i need a job...
im a TA/tutor for multiple schools :)
I wish i had a job! ha
i don't have one right now!!
i have to .....there is no much choice for me.... my family engineering firm...
Not working enough hours, so wanting another job?
I was thinking about getting another job since i'm working [16 hours] at albertson's, i used to work 5 days a week, but know it's two, and i've been wondering when i'll have more work days and they haven't changed it yet, it's been like 2 in a half months going on 3 months since i've been working 2 days a week, so i was thinking about working at 99 cent store, but i'm not sure if i did get the job if i can be a courtesy clerk, or a checker?
http://legitonlinework.tk is a wonderful way to earn extra money in your spare time. The name says it all. This is completely legit and safe. Most online companies make you start up fees, but not this site. You'll never have to pay a penny. Check it out today risk free. Hope to see you there!
well if you can adjust the internet in your store then you can earn money by sitting at net easily from Google Inc and make money online its reality and not bad there are many kind of job like as Data entry and more and more its own you
http://youronlinejobs.com
in this site there are some detail about online jobs you must read about that and get some benefit
thank you
http://unemployedandpaid.blogspot.com
Are you unemployed???? Too young to apply for a job???? Or just need some extra money?????
Then you've come to the right place.....I can help you make money FREE.....it might sound too good to be true because of the saying "Nothing in the world is free" well this is NOT A SCAM this is GUARANTEED MONEY. I am 15 and applied to Cash Crate on April 8,2009 and have already made 28.85. It might not sound like alot but HEY!!!!! ITS FREE MONEY on every 15th of each month they will send you a check to the address you provided them with. SEE WHAT I MEAN Nothing you can lose just A WHOLE LOT you can GAIN......The more surveys you take the more money you make........
you should try http://jobsandmoney.0fees.net
its a best site for jobs and making money online
i have experienced this site
i have also earned 100$ per day through this site other related sites are
http://jobsonline.friendsmela.com
http://money.ukonlinemart.com for anything else
you can spend your more time on http://answers.yahoo.com
http://legitonlinework.tk is a wonderful way to earn extra money in your spare time. The name says it all. This is completely legit and safe. Most online companies make you start up fees, but not this site. You'll never have to pay a penny. Check it out today risk free. Hope to see you there!
well if you can adjust the internet in your store then you can earn money by sitting at net easily from Google Inc and make money online its reality and not bad there are many kind of job like as Data entry and more and more its own you
http://youronlinejobs.com
in this site there are some detail about online jobs you must read about that and get some benefit
thank you
http://unemployedandpaid.blogspot.com
Are you unemployed???? Too young to apply for a job???? Or just need some extra money?????
Then you've come to the right place.....I can help you make money FREE.....it might sound too good to be true because of the saying "Nothing in the world is free" well this is NOT A SCAM this is GUARANTEED MONEY. I am 15 and applied to Cash Crate on April 8,2009 and have already made 28.85. It might not sound like alot but HEY!!!!! ITS FREE MONEY on every 15th of each month they will send you a check to the address you provided them with. SEE WHAT I MEAN Nothing you can lose just A WHOLE LOT you can GAIN......The more surveys you take the more money you make........
you should try http://jobsandmoney.0fees.net
its a best site for jobs and making money online
i have experienced this site
i have also earned 100$ per day through this site other related sites are
http://jobsonline.friendsmela.com
http://money.ukonlinemart.com for anything else
you can spend your more time on http://answers.yahoo.com
Sunday, March 29, 2009
I
I%26#039;m expecting a baby in August. My home loan has been approved and I%26#039;m house hunting right now.
I%26#039;m single and usually my employer withholds about 1/3 of my paycheck for taxes because I have nothing to claim. Usually I get around $1000 back.
Should I adjust my witholdings?
I%26#039;d rather have the cash now and pay a balance due on my taxes at the end of this year. Plus, I%26#039;m going to get an 8k tax credit for buying a home with 20% down this year.
Not to sound morbid, but I%26#039;d hold off on modifying your withholdings until the little one arrives and takes his first breath.
One of the most gut-wrenching things I ever had to do was tell the parents of a still-born baby (and close friends of mine) that they were going to owe a few thousand at tax time because they jumped the gun on adjusting their withholdings in the expectation of the new addition to the family.
If you typically get $1,000 back you are having too much withheld from you pay. You can safely kick your allowances up by 1 right now. Then when the baby is born, kick it up by 2 more.
As soon as you close on the home you can amend your 2008 return and get your $8k in a few weeks. This won%26#039;t affect your withholding allowances on your 2009 pay.
Yes, you should adjust your W-4 allowances. In fact you may want to claim a very high number since the $8,000 tax credit for your house is likely to reduce your tax liability to nothing. Just don%26#039;t count your chickens before they hatch, don%26#039;t assume you%26#039;re buying a house until its officially closed.
%0D%0A
I%26#039;m single and usually my employer withholds about 1/3 of my paycheck for taxes because I have nothing to claim. Usually I get around $1000 back.
Should I adjust my witholdings?
I%26#039;d rather have the cash now and pay a balance due on my taxes at the end of this year. Plus, I%26#039;m going to get an 8k tax credit for buying a home with 20% down this year.
Not to sound morbid, but I%26#039;d hold off on modifying your withholdings until the little one arrives and takes his first breath.
One of the most gut-wrenching things I ever had to do was tell the parents of a still-born baby (and close friends of mine) that they were going to owe a few thousand at tax time because they jumped the gun on adjusting their withholdings in the expectation of the new addition to the family.
If you typically get $1,000 back you are having too much withheld from you pay. You can safely kick your allowances up by 1 right now. Then when the baby is born, kick it up by 2 more.
As soon as you close on the home you can amend your 2008 return and get your $8k in a few weeks. This won%26#039;t affect your withholding allowances on your 2009 pay.
Yes, you should adjust your W-4 allowances. In fact you may want to claim a very high number since the $8,000 tax credit for your house is likely to reduce your tax liability to nothing. Just don%26#039;t count your chickens before they hatch, don%26#039;t assume you%26#039;re buying a house until its officially closed.
%0D%0A
AMT At-Risk Allowed Amount?
How do I find out what my AMT At-risk allowed amount is? I have a passive rental property with loss, MFJ, combined income is 224,000. Is there a certain formula?
The AMT difference arises if the AMT version of your 6198/8582 has different figures input into it. The differences arise from the fact that depreciation under AMT may be different that depreciation under the regular 1040 rules. In the early years of owning an asset, you add the disallowed depreciation back. In the later years of owning an asset, you subtract.
Depreciation differences are due to AMT stretching depreciation out over a longer time period than the regular 1040 rules. (If you have such property, it%26#039;s best to elect to depreciation using the AMT rules so that you never have to adjust for it.)
Depreciation of post-1986 property
(real and personal)
Under 1040 system:
Accelerated cost recovery system using prescribed recovery periods and 200% declining balance method for 3, 5, 7, and
10 year classes
Under AMT system:
For property placed in service after 1986 and before 1/1/99, alternative depreciation system class lives (generally longer) and 150%
declining balance method (generally slower) is used. For property placed in service after 12/31/98, regular tax lives are used.
%0D%0A
The AMT difference arises if the AMT version of your 6198/8582 has different figures input into it. The differences arise from the fact that depreciation under AMT may be different that depreciation under the regular 1040 rules. In the early years of owning an asset, you add the disallowed depreciation back. In the later years of owning an asset, you subtract.
Depreciation differences are due to AMT stretching depreciation out over a longer time period than the regular 1040 rules. (If you have such property, it%26#039;s best to elect to depreciation using the AMT rules so that you never have to adjust for it.)
Depreciation of post-1986 property
(real and personal)
Under 1040 system:
Accelerated cost recovery system using prescribed recovery periods and 200% declining balance method for 3, 5, 7, and
10 year classes
Under AMT system:
For property placed in service after 1986 and before 1/1/99, alternative depreciation system class lives (generally longer) and 150%
declining balance method (generally slower) is used. For property placed in service after 12/31/98, regular tax lives are used.
%0D%0A
If I were to file 5000 self employment income at the end of the year what would the penalty be with irs?
I earned the above amount and want to see about getting the earned income credit or tax credit will they deduct what I owe from it?
There are a number of factors that would be considered in determining an answer to your question that you have not provided the necessary information. Your filing status and number of dependents if any would be chief among those factors. If the $5,000 was your only income you would owe a maximum of $765 in SE tax. If for some reason you had credits that exceeded that amount they would deduct the SE tax from your refund amount. Most folks that have self employment have some expenses to off set the gross income so your SE tax would likely be less.
Your tax return will be prepared with this and any other income you received during the year. You will file a Sch. C to report your self-employment income and deduct the expenses you have for this income. Then the net income will be carried to Sch. SE to determine your self-employment taxes.
So if you qualify for Earned Income Credit, which is a refundable credit, this credit could help offset the amount of tax you owe due to the self-employment. As long as you report all your income correctly along with all allowable expenses deducted, you will normally not have a penalty. You could if you owed over $1000 on the income tax return.
Laura H ?H%26amp;R Block ?Senior Tax Advisor 5
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
There is no penalty, but your income will be taxed. Probably at the 15% bracket with another 7.5% for self employment tax. Hope you saved some.
There is no penalty for filing your taxes on time and honestly.
%0D%0A
There are a number of factors that would be considered in determining an answer to your question that you have not provided the necessary information. Your filing status and number of dependents if any would be chief among those factors. If the $5,000 was your only income you would owe a maximum of $765 in SE tax. If for some reason you had credits that exceeded that amount they would deduct the SE tax from your refund amount. Most folks that have self employment have some expenses to off set the gross income so your SE tax would likely be less.
Your tax return will be prepared with this and any other income you received during the year. You will file a Sch. C to report your self-employment income and deduct the expenses you have for this income. Then the net income will be carried to Sch. SE to determine your self-employment taxes.
So if you qualify for Earned Income Credit, which is a refundable credit, this credit could help offset the amount of tax you owe due to the self-employment. As long as you report all your income correctly along with all allowable expenses deducted, you will normally not have a penalty. You could if you owed over $1000 on the income tax return.
Laura H ?H%26amp;R Block ?Senior Tax Advisor 5
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
There is no penalty, but your income will be taxed. Probably at the 15% bracket with another 7.5% for self employment tax. Hope you saved some.
There is no penalty for filing your taxes on time and honestly.
%0D%0A
For those of you with IRS code 1121 that got your return, what did the wmr site say before you finally got it?
Supposedly according to the tax advocate, our return is supposedly done being reviewed and supposed to be direct deposited this week or next week. WMR still says 1121. For all of you who got your return after being at 1121 forever...did the WMR site ever update? I have heard some say it was at 1121 even after they got paid and others say they changed to 1201 1-3 weeks prior to getting their money. I just want to know whats been the general experience with this? If your code changed, how soon before and to what? Has anyone had it change to the page that tells your your refund will be deposited on a certain date? Please let me know. Thanks.
i love how people who dont even have the code answer with some link thinking it tells you everything. anyway i did read a question a few days back where someone said they had 1121 it did change to a different 12xx code and they end up getting it that friday and WMR didnt say anything. i dunno about you but i checked WMR last night and this morning just a few mins ago and it still says its down. usually its only down from 12am to 3am EST. Oh and i do have the 1121 code i filed mine on 1-29-09 and have been waiting like 60 days as of today. its very frustrating to deal with this. But basically the few people i have talked to that got their return said WMR either changed to a new code or didnt change and they got their refund.
i love how people who dont even have the code answer with some link thinking it tells you everything. anyway i did read a question a few days back where someone said they had 1121 it did change to a different 12xx code and they end up getting it that friday and WMR didnt say anything. i dunno about you but i checked WMR last night and this morning just a few mins ago and it still says its down. usually its only down from 12am to 3am EST. Oh and i do have the 1121 code i filed mine on 1-29-09 and have been waiting like 60 days as of today. its very frustrating to deal with this. But basically the few people i have talked to that got their return said WMR either changed to a new code or didnt change and they got their refund.
How do I file my taxes (read all)?
I have never filed taxes before and last year I started writing for a website called Demand Studios. I made about $960 for the 2008 calendar year and they sent me a 1099 form stating my non-employee compensation. They sent one for me to give to the IRS and the other for my records. I am so confused on what I am supposed to do with this. Could someone please help walk me through the process I am going to have to go through to file? I have no other income besides child support. Isn't child support non-taxable? Does that mean I do not have to claim my child support?
You will have to file an income tax return since you have self-employment income of at least $400. You will file a form 1040, with a Sch. C to show your income and to deduct any qualifying expenses you have. Then if your net income is at least $400 you will file a Sch. SE to pay your self-employment taxes. These are your Social Security and Medicare taxes.
You do not claim child support as income on your tax return. If you are not able to be claimed as a dependent by anyone else, and have a qualifying child, you could possibly receive Earned Income Credit on your net income. This could offset the SE tax you will owe. Your income is too low to owe any federal income tax.
I hope this helps.
Laura H ?H&R Block ?Senior Tax Advisor 5
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
You file Form 1040 and attach Schedule C or C-EZ to report your self-employment income and any business expenses. Any reasonable and necessary out of pocket expenses you incurred in generating that income are deductible. If the net profit is $400 or more, attach Schedule SE to figure the self-employment tax.
If this was your only income you won't owe any income taxes (the child support is not taxable and isn't reported on your return ) but you will potentially owe up to $135 in self-employment tax.
If your filing status is either Single or Head of Household and you are not a dependent you may be eligible to claim the Earned Income Credit based upon the net income on Schedule C as long as your child lived in your home for more than half of the year. That would be up to $332 if you have only one child or $390 if you have 2 or more. That will be enough to offset the self-employment tax and leave you with a small refund.
Child support is considered support for the child and thus is not taxable income.
You can file a Schedule C-EZ and a form 1040 along with a Schedule SE. Don't forget to file your state return
Any expenses you have as a writer can go on form C-Ez and your self employment tax will go on form schedule SE. You probably qualify for the earned income credit.
Are you sure you want to do this. Being self employed is a killer comes tax time especially if you plan to earn $20,000 to $30,000 doing this.
I would file an SS8 to see if self employment is what you really are.
You will have to file an income tax return since you have self-employment income of at least $400. You will file a form 1040, with a Sch. C to show your income and to deduct any qualifying expenses you have. Then if your net income is at least $400 you will file a Sch. SE to pay your self-employment taxes. These are your Social Security and Medicare taxes.
You do not claim child support as income on your tax return. If you are not able to be claimed as a dependent by anyone else, and have a qualifying child, you could possibly receive Earned Income Credit on your net income. This could offset the SE tax you will owe. Your income is too low to owe any federal income tax.
I hope this helps.
Laura H ?H&R Block ?Senior Tax Advisor 5
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
You file Form 1040 and attach Schedule C or C-EZ to report your self-employment income and any business expenses. Any reasonable and necessary out of pocket expenses you incurred in generating that income are deductible. If the net profit is $400 or more, attach Schedule SE to figure the self-employment tax.
If this was your only income you won't owe any income taxes (the child support is not taxable and isn't reported on your return ) but you will potentially owe up to $135 in self-employment tax.
If your filing status is either Single or Head of Household and you are not a dependent you may be eligible to claim the Earned Income Credit based upon the net income on Schedule C as long as your child lived in your home for more than half of the year. That would be up to $332 if you have only one child or $390 if you have 2 or more. That will be enough to offset the self-employment tax and leave you with a small refund.
Child support is considered support for the child and thus is not taxable income.
You can file a Schedule C-EZ and a form 1040 along with a Schedule SE. Don't forget to file your state return
Any expenses you have as a writer can go on form C-Ez and your self employment tax will go on form schedule SE. You probably qualify for the earned income credit.
Are you sure you want to do this. Being self employed is a killer comes tax time especially if you plan to earn $20,000 to $30,000 doing this.
I would file an SS8 to see if self employment is what you really are.
In reference to tax question about amendment?
i had h and r block do the original return and they messed up. i got them to do the amendment also. they told me 4 to 6 weeks.
The IRS guideline is 8-12 weeks.
Dear Billy: Amendments must be mailed and thus the long delay.
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
It would be rather quick if you saw a refund from an amendment within 6weeks.
The IRS guideline is 8-12 weeks.
Dear Billy: Amendments must be mailed and thus the long delay.
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
It would be rather quick if you saw a refund from an amendment within 6weeks.
Q
I had a few questions about capital gains tax in california and in general if you could please help me.
1) How much is short term capital gains tax?
2) How much is long term capital gains tax?
3) If I were to have stock and then pull out in order to invest in something else with equitable amount, do I still have to pay the capital gains tax? (For example, if I had stock in BAC and then sold it to buy a house, will I still be taxed?)
1. Taxed as ordinary income (whatever your tax bracket is).
2. Taxed at a lower rate.
3. Yes.
1) How much is short term capital gains tax?
2) How much is long term capital gains tax?
3) If I were to have stock and then pull out in order to invest in something else with equitable amount, do I still have to pay the capital gains tax? (For example, if I had stock in BAC and then sold it to buy a house, will I still be taxed?)
1. Taxed as ordinary income (whatever your tax bracket is).
2. Taxed at a lower rate.
3. Yes.
Can a part time employee claim unemployment benefits in Calif.?
I have been at the same job for just over five years,I work 20 hrs. a week for a supermarket chain....Today I found out that our dept. has been canceled and we have just 30 days left.Am I able to file for unemployment benefits even though I am only part time? I sure hope so...
Depends on CA laws. When you are laid off, sign on immediately and you will find out. The amount that you can claim for depends on how much you earned.
Depends on CA laws. When you are laid off, sign on immediately and you will find out. The amount that you can claim for depends on how much you earned.
How do i do my taxes?
simple question just want to know
You collect all your income statements and fill out the correct form and send it in. Forms (1040, 1040A and 1040EZ) can be downloaded from the IRS web site. Unless you have a mortgage and pay property taxes, you most likely will fill out the 1040A, which should take maybe 30 minutes.
go to the website IRS.GOV and e-file your own taxes for free
You collect all your income statements and fill out the correct form and send it in. Forms (1040, 1040A and 1040EZ) can be downloaded from the IRS web site. Unless you have a mortgage and pay property taxes, you most likely will fill out the 1040A, which should take maybe 30 minutes.
go to the website IRS.GOV and e-file your own taxes for free
Help me please !!! well i let my brother add my kids to his taxes ?
well first off i didn%26#039;t make enough to file for taxes because im a stay at home mom! well my brother help me out here and there he live with me and my boyfriend he doesn%26#039;t pay rent just the 30$ car insurance a month he doesn%26#039;t buy food or pays any utilities ! well my boyfriend does! so my brother made to much at least 48,000$ so if he filed he would owe so he asked if he could use my kids that he would give me the money which he said it was 800$ a kid which was two kids so i believed him but someone told me that ist 900$ a kid so please help can i get a copy of his tax return since my kid are on there is there anything else i can do !
p.s.i know i f***ed up Dumb Me
If I were doing this tax return, I would ask, is the boyfriend the father of any of the kids? How long did the boyfriend live you you?
Or, did your brother provide more than 50% of your children%26#039;s total support?
I would need that information to even come close to working this out.
There are two ways of claiming dependents, qualifying child, or qualifying relative.
If your kids qualify for qualifying child to your boyfriend, your brother can%26#039;t (legally) claim them.
No matter what, you are going to hurt either your boyfriend or your brother.
If your brother did not provide over 50% of your children%26#039;s support, (implied from the question), also he cannot claim them.
Well, it might be worth it to get a Pub 17 (free at IRS.GOV) and work out WHO can legally claim the kids (you, your bf, or your brother). There is not really enough information here. Then, having worked that out, have the person claim them, and the other person (your brother) do an amended return, removing them.
I don%26#039;t see how your brother claimed kids that are not even his ?
You have a problem.
If YOUR income was less than $3500 and your boyfriend supported you, then he can claim you on his taxes. With no income, you can%26#039;t claim the children.
If your brother lived with you for more than 6 months, then *he* is eligible to claim your children as qualifying children. Thus prohibiting your boyfriend from doing the same a relative takes precedence over someone who *isn%26#039;t* related to the children by blood or marriage. If your boyfriend *is* eligible, he can keep the refund as it%26#039;s his.
Only if your brother lived with you for 6 months or less is your boyfriend eligible to claim the kids.
As for how much your brother got for claiming your children, it might have been as much as $3000, but again, it%26#039;s his refund, not yours.
%0D%0A
p.s.i know i f***ed up Dumb Me
If I were doing this tax return, I would ask, is the boyfriend the father of any of the kids? How long did the boyfriend live you you?
Or, did your brother provide more than 50% of your children%26#039;s total support?
I would need that information to even come close to working this out.
There are two ways of claiming dependents, qualifying child, or qualifying relative.
If your kids qualify for qualifying child to your boyfriend, your brother can%26#039;t (legally) claim them.
No matter what, you are going to hurt either your boyfriend or your brother.
If your brother did not provide over 50% of your children%26#039;s support, (implied from the question), also he cannot claim them.
Well, it might be worth it to get a Pub 17 (free at IRS.GOV) and work out WHO can legally claim the kids (you, your bf, or your brother). There is not really enough information here. Then, having worked that out, have the person claim them, and the other person (your brother) do an amended return, removing them.
I don%26#039;t see how your brother claimed kids that are not even his ?
You have a problem.
If YOUR income was less than $3500 and your boyfriend supported you, then he can claim you on his taxes. With no income, you can%26#039;t claim the children.
If your brother lived with you for more than 6 months, then *he* is eligible to claim your children as qualifying children. Thus prohibiting your boyfriend from doing the same a relative takes precedence over someone who *isn%26#039;t* related to the children by blood or marriage. If your boyfriend *is* eligible, he can keep the refund as it%26#039;s his.
Only if your brother lived with you for 6 months or less is your boyfriend eligible to claim the kids.
As for how much your brother got for claiming your children, it might have been as much as $3000, but again, it%26#039;s his refund, not yours.
%0D%0A
HELP!!I lost my relative
What can I do? It was received by mail and I've misplaced(?!!!) or shredded(???!!!) accidentally. I spent the whole day going through my documents without any success:((((
I am afraid even to tell her. Please help!! What should I do?
So, have her call the IRS and ask them to reissue the letter.
What do you need it for?
I am afraid even to tell her. Please help!! What should I do?
So, have her call the IRS and ask them to reissue the letter.
What do you need it for?
Import Duty
I was charged 80 for some of my OLD OLD OLD clothes I got sent over from Japan. The contents were clearly written on the parcel label and I don't think they were even bothered to check what was in the box (if they did, they wouldn't have charged me!). Can anyone tell me what I was charged for and if there's no good reason for it, do you think I can claim a refund???
hah probably not.
I think its time we went and fire bombed customs! :o)
Bunch of twats they are (I love that word being uncensored)
I once got charged 20 quid import on something I bought, but when I checked turned out that you didn't need to actually pay import. :o( Its gay.
It may help though if you tell them its worth less than 18 quid. (you don't get taxed on stuff under 18 pounds)
hah probably not.
I think its time we went and fire bombed customs! :o)
Bunch of twats they are (I love that word being uncensored)
I once got charged 20 quid import on something I bought, but when I checked turned out that you didn't need to actually pay import. :o( Its gay.
It may help though if you tell them its worth less than 18 quid. (you don't get taxed on stuff under 18 pounds)
I
If you worked in the US and were paid in the US and paid in US $'s - you pay US taxes.
If you had gone to UK and got paid while working there then you would first file in the UK and pay them any taxes you owe them but then you would still need to report this income to the IRS and pay US taxes on it. It might get reduced by the amount of UK taxes paid.
The US taxes US citizens on any income you make anywhere in the world.
I believe the USA if you worked in USA.
If you had gone to UK and got paid while working there then you would first file in the UK and pay them any taxes you owe them but then you would still need to report this income to the IRS and pay US taxes on it. It might get reduced by the amount of UK taxes paid.
The US taxes US citizens on any income you make anywhere in the world.
I believe the USA if you worked in USA.
Can i claim mother as dependent?
Hi,
Is it possible for me to claim some amount for my mother as her Income is ($8000)lower than basic amount?
Since she has some room for income.
Thanks in Advance;-)
Assuming you live in Canada, to claim someone over the age of 18 as a dependant, they have to be either physically or mentally infirm.
Unless that $8000 is social security, no. If her income other than ss is over $3500 you can't claim her. Otherwise, if you can show that you provide over half of her support for the year, you can.
If she is physically or mentally infirm, yes.
If she is just living with you because of convenience, or choice, or economics, then no.
If she lives with you yes. I claimed my step-mother when she lived with me and had SS income
Is it possible for me to claim some amount for my mother as her Income is ($8000)lower than basic amount?
Since she has some room for income.
Thanks in Advance;-)
Assuming you live in Canada, to claim someone over the age of 18 as a dependant, they have to be either physically or mentally infirm.
Unless that $8000 is social security, no. If her income other than ss is over $3500 you can't claim her. Otherwise, if you can show that you provide over half of her support for the year, you can.
If she is physically or mentally infirm, yes.
If she is just living with you because of convenience, or choice, or economics, then no.
If she lives with you yes. I claimed my step-mother when she lived with me and had SS income
Any extensions for people with dual status for tax year 2008?
I figured out that I was on dual status last year since I left the country in between. Pub 519 does not talk about the applying for extension for dual status aliens(Chapter 6) It only mentions it for non-residents (only) and residents (only). Can anyone clarify if extension are available to dual-status aliens at all ? Thanks !
Anupam
P.S(I hope I am using the right version of pub519 - There is no new version for tax year 2008 and I have to use the 2007 version right?)
The 2008 issue has not been published. The laws haven't changed.
As for filing, you are to file 4868 by 4/15 if you are in the country, 6/15 if you now live and work outside the US.
Anupam
P.S(I hope I am using the right version of pub519 - There is no new version for tax year 2008 and I have to use the 2007 version right?)
The 2008 issue has not been published. The laws haven't changed.
As for filing, you are to file 4868 by 4/15 if you are in the country, 6/15 if you now live and work outside the US.
Will I have to pay back my reduction in federal taxes on my paychecks for 2009?
This is FREAKING ME OUT! I make minimum wage at a pizza place and just found out that they're taking less out for federal taxes from my biweekly paycheck, which is nice, BUT here's my major worry...will I get a nasty suprize at the end of the year and learn I have to pay that $20-30 every two weeks I get to keep now that will pile up to a whopping $600-700 by February of next year? I hope to hell not! I can't find anything on this and my boss and coworkers don't know.
You'll get a $400 tax credit when you file, that should even out with the decrease in withholding.
There are often changes made to tax policy in the middle and end of the year. There is no way to predict the complete "tax picture" that will be in effect when you are filling your 2009 taxes.
However, one option you have would be to use a program like Turbotax (the 2008 version) casing out your expected 2009 earnings and withholding using the 2008 program. This will give you a reasonable estimate of taxes that you will owe in 2009.
If you filled out the withholding form properly, your employer is probably calculating withholding correctly. Make sure you did not claim more exemptions than you will be able to take on your 2009 taxes.
You'll get a $400 tax credit when you file, that should even out with the decrease in withholding.
There are often changes made to tax policy in the middle and end of the year. There is no way to predict the complete "tax picture" that will be in effect when you are filling your 2009 taxes.
However, one option you have would be to use a program like Turbotax (the 2008 version) casing out your expected 2009 earnings and withholding using the 2008 program. This will give you a reasonable estimate of taxes that you will owe in 2009.
If you filled out the withholding form properly, your employer is probably calculating withholding correctly. Make sure you did not claim more exemptions than you will be able to take on your 2009 taxes.
Who do I owe income tax?
If I live in Missouri and work in Kansas, do I pay income tax in both states?
You prepare both state returns. Most states have a non-resident option on state tax forms. You will get a credit in your resident state for taxes paid to your non-resident state.
Yes, you should file a full year resident of Missouri and a Non-Resident Kansas return. This is to your benefit even though it seems like a hassle. You do not want to overpay right?
Did you know that no federal law exists that states you HAVE to pay a federal income tax?
Look it up
You prepare both state returns. Most states have a non-resident option on state tax forms. You will get a credit in your resident state for taxes paid to your non-resident state.
Yes, you should file a full year resident of Missouri and a Non-Resident Kansas return. This is to your benefit even though it seems like a hassle. You do not want to overpay right?
Did you know that no federal law exists that states you HAVE to pay a federal income tax?
Look it up
Question about benefits, HMRC?
This question is on behalf of someone else! I was asked to find out!
I haven't received any letters from Child benefit/Tax Credit asking me whether my child will continue education. I thought they ask you before April. How comes they haven't asked me??
This happened last time and they stopped my benefits because I didn't rely but the thing is I didn't receive any letter to know that I needed to reply.
tax credit office tel 0845 300 3900 8am-10pm Mon to Friday 8 tip 4 weekends 8-4.
They'll be able to update the system for you, and tell you the number for child benefit office to update there too.
I'd phone and speak to someone, cause then it's on your notes that you made contact.
Why not phone the offices and check on when it will be sent? that way they will know you are waiting for it to arrive and wanting to reply !!
I haven't received any letters from Child benefit/Tax Credit asking me whether my child will continue education. I thought they ask you before April. How comes they haven't asked me??
This happened last time and they stopped my benefits because I didn't rely but the thing is I didn't receive any letter to know that I needed to reply.
tax credit office tel 0845 300 3900 8am-10pm Mon to Friday 8 tip 4 weekends 8-4.
They'll be able to update the system for you, and tell you the number for child benefit office to update there too.
I'd phone and speak to someone, cause then it's on your notes that you made contact.
Why not phone the offices and check on when it will be sent? that way they will know you are waiting for it to arrive and wanting to reply !!
Total number of months for which tax is to be deducted from salary during a year?
There are 12 months in a year for which salary is computed for calculation of Income Tax ? what happens when salary for march is paid in march the total number of months is 13. Please guide ?
March to March is 12 months. Where do you get 13?
March to March is 12 months. Where do you get 13?
Can I anonymously call the IRS and ask tax related questions?
Sure.
Yes all calls are annonymous you dont even have to ask. They will only ask personal info if your asking them to figure something out for you personally. Its a great service they will give you info and do more if you need it.
You're free to do what you want, but why do you have to anonymous, unless you are cheating in some way? They answer everything.
Yes all calls are annonymous you dont even have to ask. They will only ask personal info if your asking them to figure something out for you personally. Its a great service they will give you info and do more if you need it.
You're free to do what you want, but why do you have to anonymous, unless you are cheating in some way? They answer everything.
Is the sales tax on 2009 cars tax deductible?
If you don't itemize, the sales tax may be added to the standard deduction. $1000 in sales tax may reduce your tax liability by $150 to $250.
If you itemize, the sales tax will still be added to the sales tax line.
On new cars with some restrictions.
If you itemize, the sales tax will still be added to the sales tax line.
On new cars with some restrictions.
Tax on depreciation for house?
I was given a home from my parents last year. I claimed depreciation on the house for 2008 and was told by the tax office that when I decide to sell the house I will have to pay a tax on the depreciation claimed during my ownership unless I live in the house for 2 years but since I live in NM and the home is in Maine I don%26#039;t see me using the home except has a summer/fall camp. My question is that my parents owned the house from 1996 - 2007 and also claimed depreciation on the house throughout those years, but since the house was gifted to me and no capital gains had to be claimed do I or my parents have to pay a tax for the years of 1996 - 2007?
Backup. This is an area of common misconceptions.
When you rent a house and depreciate it, the depreciation reduces the basis on your house. While you depreciate it, you get to deduct that depreciation from your income and get to pay lower taxes because of it. When you sell, your gain is coming from two sources. Gain because the value of the house went up is excludable under the sale-of-main home rules (up to $250K if you lived and owned it for 2 of the past 5 years). If you can%26#039;t exclude this gain, after a year, it%26#039;s taxed at no more than 15%. Gain because of depreciation is NOT excludable. It%26#039;s called 1250 gain and is taxed at your regular tax rates, but the tax rate is capped at 25%. (You have to pay the tax back at the regular rate because you deducted it earlier at the regular rate.)
That said, when you were given the house, you were given the gains issues as well. Any capital gains your parents never paid on it are now your problem. You kept their basis when they gave you the property. (IRS pub 551, page 9.)
So yes, you WILL owe the tax on the both the gain from appreciation and the gain from depreciation when you decide to sell.
I believe your tax office is correct.
Depreciation reduces the basis. When you sell, the %26quot;profit%26quot; (sales price minus bases) is taxable income.
The %26quot;exception%26quot; the tax office was quoting is, if it is a personal home, you can exclude $250K of %26quot;profit%26quot; from income. You would have to live in the home two of the last five years to qualify.
Since they seem to be an accurate source of information and have all the details, you could ask them more specific (what if) questions.
What %26quot;tax office%26quot;? The only circumstance that allows you to depreciate real estate is if you are using it to produce income (i.e., renting it out). any claimed depreciation will be adjusted from your acquisition cost basis when you sell it - which will affect any capital gains tax due.
You will have the same basis in the house your parents had. When you sell it you will need to pay the capital gains tax. Any depreciation is a reduction of the basis. Weather you claim the depreciation or not you still need to use it to get your gain so their is no advantage to giving up the deduction from the rental income.
If it isn%26#039;t a rental you can%26#039;t depreciate a home. If you stay more than 14 nights a year you can%26#039;t deduct any rental losses.
The only way out of dealing with this is to use a 1031 exchange. You need to understand them before you do anything else. You need a professional to help set one up.
%0D%0A
Backup. This is an area of common misconceptions.
When you rent a house and depreciate it, the depreciation reduces the basis on your house. While you depreciate it, you get to deduct that depreciation from your income and get to pay lower taxes because of it. When you sell, your gain is coming from two sources. Gain because the value of the house went up is excludable under the sale-of-main home rules (up to $250K if you lived and owned it for 2 of the past 5 years). If you can%26#039;t exclude this gain, after a year, it%26#039;s taxed at no more than 15%. Gain because of depreciation is NOT excludable. It%26#039;s called 1250 gain and is taxed at your regular tax rates, but the tax rate is capped at 25%. (You have to pay the tax back at the regular rate because you deducted it earlier at the regular rate.)
That said, when you were given the house, you were given the gains issues as well. Any capital gains your parents never paid on it are now your problem. You kept their basis when they gave you the property. (IRS pub 551, page 9.)
So yes, you WILL owe the tax on the both the gain from appreciation and the gain from depreciation when you decide to sell.
I believe your tax office is correct.
Depreciation reduces the basis. When you sell, the %26quot;profit%26quot; (sales price minus bases) is taxable income.
The %26quot;exception%26quot; the tax office was quoting is, if it is a personal home, you can exclude $250K of %26quot;profit%26quot; from income. You would have to live in the home two of the last five years to qualify.
Since they seem to be an accurate source of information and have all the details, you could ask them more specific (what if) questions.
What %26quot;tax office%26quot;? The only circumstance that allows you to depreciate real estate is if you are using it to produce income (i.e., renting it out). any claimed depreciation will be adjusted from your acquisition cost basis when you sell it - which will affect any capital gains tax due.
You will have the same basis in the house your parents had. When you sell it you will need to pay the capital gains tax. Any depreciation is a reduction of the basis. Weather you claim the depreciation or not you still need to use it to get your gain so their is no advantage to giving up the deduction from the rental income.
If it isn%26#039;t a rental you can%26#039;t depreciate a home. If you stay more than 14 nights a year you can%26#039;t deduct any rental losses.
The only way out of dealing with this is to use a 1031 exchange. You need to understand them before you do anything else. You need a professional to help set one up.
%0D%0A
Face amount certificate tax form?
Hi. In 2008, I closed a %26quot;certificate of savings%26quot; account which I had been contributing after-tax dollars to for several years. It had about a 1.7% interest rate.
Now I%26#039;m doing my taxes and looking at a 1099-B the bank sent me.
They list it as a Face Amount Certificate with a date of sale, quantity of zero, and a Gross Proceeds amount equal to my final balance.
I%26#039;m trying to enter this into HR Taxcut, but it doesn%26#039;t have an obvious place to put this info. The 1099B input form wants name of stock, date of purchase, date of sale, etc, to calculate my profit.
I shouldn%26#039;t be taxed on my final balance because it was my own after-tax money to begin with. Shouldn%26#039;t I just be taxed on the interest earned in 2008?
Thanks.
With some tax programs you are not given options that fit the circumstances you are trying to report. That appears to be the case here. The normal answer is, %26quot;lye to the machine%26quot;. The correct information on a Schedule D is what you are looking for. In this case that would %26quot;Savings Certificate%26quot; as the name of the stock, the purchase price would be your contributions and the sales price would be the face value when you closed the certificate. If they ask for a purchase date enter %26quot;various%26quot;. You are correct that you only want to be taxed on the interest. You have exceeded the ability of do-it-yourself tax software.
%0D%0A
Now I%26#039;m doing my taxes and looking at a 1099-B the bank sent me.
They list it as a Face Amount Certificate with a date of sale, quantity of zero, and a Gross Proceeds amount equal to my final balance.
I%26#039;m trying to enter this into HR Taxcut, but it doesn%26#039;t have an obvious place to put this info. The 1099B input form wants name of stock, date of purchase, date of sale, etc, to calculate my profit.
I shouldn%26#039;t be taxed on my final balance because it was my own after-tax money to begin with. Shouldn%26#039;t I just be taxed on the interest earned in 2008?
Thanks.
With some tax programs you are not given options that fit the circumstances you are trying to report. That appears to be the case here. The normal answer is, %26quot;lye to the machine%26quot;. The correct information on a Schedule D is what you are looking for. In this case that would %26quot;Savings Certificate%26quot; as the name of the stock, the purchase price would be your contributions and the sales price would be the face value when you closed the certificate. If they ask for a purchase date enter %26quot;various%26quot;. You are correct that you only want to be taxed on the interest. You have exceeded the ability of do-it-yourself tax software.
%0D%0A
Tuesday, March 24, 2009
Are we headed for a short run of DOW going up?
If so how long do you think it'll last and how high will it go?
1. No. I think it will go up more before going down and making a higher support.
2. Mid/late April, 8500-9000
The market will tell you.
When you throw a dead cat off of a building it will take a bounce or two up!
Wasn't this rescue package supposed to provide money for banks in the first place?
Now money will start to go to people who should never have gotten a home in the first place and those who took second and third mortgages on that account to buy Mercedes, trips to Europe, new swimming pools or fancy boats - now our tax money will bail those bums out of a jam!
Will these same people who shouldn't have been granted a loan for a house be given another bite at the apple so we can have another mega trillion dollar bail out in the future - probably!
Of course the DOW will go up, it has always gone up - even without any stimulus programs! House prices are lower now so people will buy them. When homes are purchased home owners often purchase refrigerators, washers and dryers, up date electricity, buy new furniture and probably some do some landscaping and other home improvements - this spending puts money out there on the street! The DOW always goes up - eventually!
i think we trade within a 1000dollar range up/down for a while.
I think reality sets in after the flood of bad earning reports
And this triggers a drop in the DOW.
We then test that 6000 mark.
Then we cruse upwards above the meaningful 8400 mark.
If it happens like this I would consider it an amazing classic American comeback. I would not be surprised. Capitalism could fix this market without TARP.
1. No. I think it will go up more before going down and making a higher support.
2. Mid/late April, 8500-9000
The market will tell you.
When you throw a dead cat off of a building it will take a bounce or two up!
Wasn't this rescue package supposed to provide money for banks in the first place?
Now money will start to go to people who should never have gotten a home in the first place and those who took second and third mortgages on that account to buy Mercedes, trips to Europe, new swimming pools or fancy boats - now our tax money will bail those bums out of a jam!
Will these same people who shouldn't have been granted a loan for a house be given another bite at the apple so we can have another mega trillion dollar bail out in the future - probably!
Of course the DOW will go up, it has always gone up - even without any stimulus programs! House prices are lower now so people will buy them. When homes are purchased home owners often purchase refrigerators, washers and dryers, up date electricity, buy new furniture and probably some do some landscaping and other home improvements - this spending puts money out there on the street! The DOW always goes up - eventually!
i think we trade within a 1000dollar range up/down for a while.
I think reality sets in after the flood of bad earning reports
And this triggers a drop in the DOW.
We then test that 6000 mark.
Then we cruse upwards above the meaningful 8400 mark.
If it happens like this I would consider it an amazing classic American comeback. I would not be surprised. Capitalism could fix this market without TARP.
Where can I get something like a $2000 Visa gift card?
All the gift credit cards seem to have $500 limits. For their 60th birthday, the family is all chipping in to get my parents a cruise and wanted to throw in something like a $2000 for airfare and various expenses, Any suggestions would be appreciated.
I think the easiest thing might be to just get them 4 $500 cards and you could label them like with fun stickers put "airfare" on 2 of them and put "fun" on the other 2.
Or you guys could pool all the money to one person and that person could go to the bank and get a cashier's check for the 2,000. Then your parents could just deposit the money into their checking account and use if from there.
Try looking in to honeymoon wedding gift registry. I know that you can register your honeymoon on various travel websites, then gift givers will gift the money into the account toward airfare, hotel stays, dinners, excursions, etc. I'm sure the same rules would apply for anniversary and birthday gifts.
not sure if Visa has gift card that high but here is an suggestion
American airlines sells gift cards up $1500 and according facts
(shown below ) you could get two cards
from the American airline gift card website:
American Airlines Gift Cards Are Available On AA.com
Purchase Online
Looking for the perfect gift idea? Consider the gift of travel the next time you need a birthday, wedding or graduation gift for someone special. American Airlines Gift Cards are available for purchase and redemption at AA.com in any denomination between $50 and $1500. You can buy either a plastic card and have it mailed or a virtual card delivered via email. You can use up to eight (8) Gift Cards at one time toward the purchase of a ticket to hundreds of exciting destinations throughout the world. And, with no expiration date or fees, American Airlines Gift Cards are perfect for any occasion. Terms and Conditions apply.
If you ring visa they will send you one out.
I think the easiest thing might be to just get them 4 $500 cards and you could label them like with fun stickers put "airfare" on 2 of them and put "fun" on the other 2.
Or you guys could pool all the money to one person and that person could go to the bank and get a cashier's check for the 2,000. Then your parents could just deposit the money into their checking account and use if from there.
Try looking in to honeymoon wedding gift registry. I know that you can register your honeymoon on various travel websites, then gift givers will gift the money into the account toward airfare, hotel stays, dinners, excursions, etc. I'm sure the same rules would apply for anniversary and birthday gifts.
not sure if Visa has gift card that high but here is an suggestion
American airlines sells gift cards up $1500 and according facts
(shown below ) you could get two cards
from the American airline gift card website:
American Airlines Gift Cards Are Available On AA.com
Purchase Online
Looking for the perfect gift idea? Consider the gift of travel the next time you need a birthday, wedding or graduation gift for someone special. American Airlines Gift Cards are available for purchase and redemption at AA.com in any denomination between $50 and $1500. You can buy either a plastic card and have it mailed or a virtual card delivered via email. You can use up to eight (8) Gift Cards at one time toward the purchase of a ticket to hundreds of exciting destinations throughout the world. And, with no expiration date or fees, American Airlines Gift Cards are perfect for any occasion. Terms and Conditions apply.
If you ring visa they will send you one out.
How to stop NCO Financial sending you letter from past debt over 10 yrs?
I had some bad debt from the 1990, and NCO kept buying it from other financial. How can I get this off my record?
First off, NEVER, NEVER, NEVER acknowledge the debt. If you do, the statute of limitations on the debt starts fresh -- It's as if the debt occurred today.
Second, you should deny the debt. Tell NCO to provide clear and convincing proof of the debt including an authentic copy of the original contract. If the debt is a revolving debt (i.e., credit card type), then demand an authentic copy of the last five monetary transactions showing details of the proof of sale.
First off, NEVER, NEVER, NEVER acknowledge the debt. If you do, the statute of limitations on the debt starts fresh -- It's as if the debt occurred today.
Second, you should deny the debt. Tell NCO to provide clear and convincing proof of the debt including an authentic copy of the original contract. If the debt is a revolving debt (i.e., credit card type), then demand an authentic copy of the last five monetary transactions showing details of the proof of sale.
Segmenting the market?
What are the advantages of segmenting the market by characteristics?
Being able to identify and thereby provide relevant communications, incased your roi and ends junk mail! Enable you to address the right audience at the right time (hopefully)
Being able to identify and thereby provide relevant communications, incased your roi and ends junk mail! Enable you to address the right audience at the right time (hopefully)
What is the importance of coordinating investments within and outside your 401k retirement plan?
Can you describe a situation where this would be important. Thank you for your help with understanding this kind of retirement plan.
I don't know your age, but eventually you may want to include bonds in your asset allocation. The type of bonds you buy (or bond mutual funds) depends on the tax status of the investment vehicle. Treasury strips (zero coupon bonds) and inflation-protected bonds are easier to handle (tax wise) in a tax deferred account - it makes your tax situation easier; and junk bonds so you defer tax on the high yield. Municipal bonds should be in a taxable account (since they are not taxable). If you put a muni in an IRA you convert tax free income into taxable income - bad move.
Stocks held long term should be in a taxable account so that you control the capital gains timing and get a lower tax rate for the capital gain. A $10k capital gain in a 401k is taxed as ordinary income when distributed, which is OK if you're in a much lower tax bracket after retirement (that was true in the past, but may not be in the future). In a taxable account pick mutual funds that are tax efficient, like index funds; put the fast trading mutual funds in an IRA to shelter the short term gains that trading generates.
Robert and Luigi gave the main reasons.
One, you have to look at your investments and risk profile in total. That includes ALL your debts and income too, in order to make a real financial plan. So that is not just 'investments". For instance if your house is paid off or you have a high income you can stand more risk and invest more in stocks.
And then there is the tax aspect. Buy and Hold stocks with unrealized capital gains is a type of tax deferral but with after tax money. So you want those outside your tax deferred plan while the part, like bonds, high income funds or high dividend stocks, you want in the plan so you don't pay taxes on the income.
Then last this also depends on your income tax bracket at the current time. Sometimes if your bracket is real low while young and starting out you might want to pay more taxes now than later when you are in a higher bracket as most people are as they age.
Good Luck.
The most important factor in your investment plan is asset allocation. It is very important to view and allocate as a whole. I cannot think of a situation where it would NOT be important.
Your 401k and your investments outside your 401k are probably managed by different brokers. Therefore you need to coordinate the accounts so that your overall investment strategy matches your desires.
I don't know your age, but eventually you may want to include bonds in your asset allocation. The type of bonds you buy (or bond mutual funds) depends on the tax status of the investment vehicle. Treasury strips (zero coupon bonds) and inflation-protected bonds are easier to handle (tax wise) in a tax deferred account - it makes your tax situation easier; and junk bonds so you defer tax on the high yield. Municipal bonds should be in a taxable account (since they are not taxable). If you put a muni in an IRA you convert tax free income into taxable income - bad move.
Stocks held long term should be in a taxable account so that you control the capital gains timing and get a lower tax rate for the capital gain. A $10k capital gain in a 401k is taxed as ordinary income when distributed, which is OK if you're in a much lower tax bracket after retirement (that was true in the past, but may not be in the future). In a taxable account pick mutual funds that are tax efficient, like index funds; put the fast trading mutual funds in an IRA to shelter the short term gains that trading generates.
Robert and Luigi gave the main reasons.
One, you have to look at your investments and risk profile in total. That includes ALL your debts and income too, in order to make a real financial plan. So that is not just 'investments". For instance if your house is paid off or you have a high income you can stand more risk and invest more in stocks.
And then there is the tax aspect. Buy and Hold stocks with unrealized capital gains is a type of tax deferral but with after tax money. So you want those outside your tax deferred plan while the part, like bonds, high income funds or high dividend stocks, you want in the plan so you don't pay taxes on the income.
Then last this also depends on your income tax bracket at the current time. Sometimes if your bracket is real low while young and starting out you might want to pay more taxes now than later when you are in a higher bracket as most people are as they age.
Good Luck.
The most important factor in your investment plan is asset allocation. It is very important to view and allocate as a whole. I cannot think of a situation where it would NOT be important.
Your 401k and your investments outside your 401k are probably managed by different brokers. Therefore you need to coordinate the accounts so that your overall investment strategy matches your desires.
Should I ask why they didn
I just worked for a very prestigious school and was laid off do to budget cuts. I did phone interview with another good school after I was laid off. I just got a letter stating they hired someone else and thanked me, yada yada yada.
Should I email them and ask where I fell short? Or should I just leave it alone? I don't want to come across as pathetic.
Leave it alone.
This is where using a head hunter is valuable--then they can call and ask what the other guy had that you didn't.
Unfortunately, in these times a) they won't tell you lest you sue and b) it could be a coin toss between you and the other guy.
Should I email them and ask where I fell short? Or should I just leave it alone? I don't want to come across as pathetic.
Leave it alone.
This is where using a head hunter is valuable--then they can call and ask what the other guy had that you didn't.
Unfortunately, in these times a) they won't tell you lest you sue and b) it could be a coin toss between you and the other guy.
I don
can i order things with money orders???
I want to buy clothes that they don't sell in the store but only online and i don't have a credit card can i use money order. Or does pre paid visa cards work online?
thankss
best bet is to get a prepaid gift card with with visa logo -- the money order is not all that safe and most places will not take them!! just remember with a pre paid card you will have to call the number on the back and get it registered!!!
Do you have a debit card? You can use that like a credit card.
Some companies will allow you to purchase merchandise with a money order. The minus with that is it takes a much longer time to receive a refund if you ever need one.
Still call the company and advise them you wish to use a m/o they will tell you if they accept it and then give you the info to proceed.
Pre Paid Visa Cards work. I just used one the other day for a shirt that i just received. I recommend using that :]
I want to buy clothes that they don't sell in the store but only online and i don't have a credit card can i use money order. Or does pre paid visa cards work online?
thankss
best bet is to get a prepaid gift card with with visa logo -- the money order is not all that safe and most places will not take them!! just remember with a pre paid card you will have to call the number on the back and get it registered!!!
Do you have a debit card? You can use that like a credit card.
Some companies will allow you to purchase merchandise with a money order. The minus with that is it takes a much longer time to receive a refund if you ever need one.
Still call the company and advise them you wish to use a m/o they will tell you if they accept it and then give you the info to proceed.
Pre Paid Visa Cards work. I just used one the other day for a shirt that i just received. I recommend using that :]
Advice, having been unemployed for over a year now?
I'm asking for some real advise here, not sympathy.
I was working for a carpenter and loved it.
I got laid off, and started working "under the table" for a different carpenter. And now that's gone too.
Ive been denied unemployment benefits, and the worker retraining which I would like to take is in a declining industry, so I can't get funding for it.
So now I have a gap in my employment history spanning more than one year, and I obviously need to get a real job.
But how do I dig myself out of this hole?
oftentimes, the best place to start is with one of the temp services where you can build some history and also, have the luxury of saying you are currently working.
look to everyone for help. mention to everyone you meet wherever you go that you are looking and would appreciate news of any openings anywhere.
make a good effort everyday to look for work.
p/u your local yellow pages and call every company you could ever imagine yourself working for, telling them you are specifically interested in working for their company due to reputation, proximity to home, etc.
good luck. you can do it.
I was working for a carpenter and loved it.
I got laid off, and started working "under the table" for a different carpenter. And now that's gone too.
Ive been denied unemployment benefits, and the worker retraining which I would like to take is in a declining industry, so I can't get funding for it.
So now I have a gap in my employment history spanning more than one year, and I obviously need to get a real job.
But how do I dig myself out of this hole?
oftentimes, the best place to start is with one of the temp services where you can build some history and also, have the luxury of saying you are currently working.
look to everyone for help. mention to everyone you meet wherever you go that you are looking and would appreciate news of any openings anywhere.
make a good effort everyday to look for work.
p/u your local yellow pages and call every company you could ever imagine yourself working for, telling them you are specifically interested in working for their company due to reputation, proximity to home, etc.
good luck. you can do it.
Can i break the lease if the landlord has not paid the mortgage and has not paid in 3 months come April?
we signed a 2 year lease ( rent to own) and the landlord has not paid mortgage for February and march and now i am afraid that the house may get foreclosed on. i went over our lease and the landlord did not even sign the lease at all but we did. can we break the lease because of the two reasons
that should have been ur first sign, but cut and run, i read a story of a lady doing a rent to own program, had given this shady landlord 40,000 and went home to find locks on her door, the landlord pocketed her 40,000 and didnt pay his mortgage, that is the plight of a lot of renters, i find myself in the same situation where my landlord not only spent my security deposit and i still havent moved but she hasnt been paying her mortgage or HOA.
If the landlord didn't sign the lease, you don't have a contract. Give him 30 days notice and get out if you want.
Otherwise though, whether he pays his mortgage or not is basically not part of your lease/contract. So it's not a valid reason to break a lease, which you don't appear to have anyway.
You do not have a contract, there is no "to own" without a signed contract.
You only have to give him a 30 day notice and you may go.
that should have been ur first sign, but cut and run, i read a story of a lady doing a rent to own program, had given this shady landlord 40,000 and went home to find locks on her door, the landlord pocketed her 40,000 and didnt pay his mortgage, that is the plight of a lot of renters, i find myself in the same situation where my landlord not only spent my security deposit and i still havent moved but she hasnt been paying her mortgage or HOA.
If the landlord didn't sign the lease, you don't have a contract. Give him 30 days notice and get out if you want.
Otherwise though, whether he pays his mortgage or not is basically not part of your lease/contract. So it's not a valid reason to break a lease, which you don't appear to have anyway.
You do not have a contract, there is no "to own" without a signed contract.
You only have to give him a 30 day notice and you may go.
Anyone who is a welder....?
I am taking welding this spring at college and just wanting to see if anyone who is a welder can give me some advice about getting into this field. How do I become the best at this profession? What are the ups and downs? Is this a good field to get into for the future? I am an older guy getting into it, does that matter? Thanks!
I went to school for welding amongst other things. to get good at it just do it. No matter how precise the plans are you will have to wing it. Jobs rise and fall with the economy but everybody wants to sit at a computer so you still should find a job. There will always be a demand for small scale one of a kind stuff or smaller manufacturing that would be difficult to do overseas. The downside is fumes and sparks and safety. The upside is there is good paying jobs. I wish I learned it out of high school as most of college is worthless bs. As for an older person you will bring life experience that someone out of HS does not have. Good luck as this was one of the better learning experiences.
well your learning a trade so you will keep that with you forever. Im not a welder but my dad is, has his own business doesnt make much money tho
I went to school for welding amongst other things. to get good at it just do it. No matter how precise the plans are you will have to wing it. Jobs rise and fall with the economy but everybody wants to sit at a computer so you still should find a job. There will always be a demand for small scale one of a kind stuff or smaller manufacturing that would be difficult to do overseas. The downside is fumes and sparks and safety. The upside is there is good paying jobs. I wish I learned it out of high school as most of college is worthless bs. As for an older person you will bring life experience that someone out of HS does not have. Good luck as this was one of the better learning experiences.
well your learning a trade so you will keep that with you forever. Im not a welder but my dad is, has his own business doesnt make much money tho
What is the SYSTEM of checks and balances sum ed up?
Definition - check - a restriction on an individual or group's power.
System of checks and balances - No individual has enough power to royally screw up the whole government if he got corrupted.
System of checks and balances - No individual has enough power to royally screw up the whole government if he got corrupted.
My son thought he was living the american dream. I think he is living in a nightmare.?
So, 6 years ago my son got married. Both have descent full time jobs + 1 part time job. 4 years ago they decided to buy a house and worked with his %26quot;good buddy%26quot; a broker to obtain a loan. They had $10,000 for a down payment. I want to say the house they bought was about $180,000
after all was said and done we went out to celebrate their new home and my husband asked about their rate (or something) they proudly explained that they got 2 loans. the first was for $30,000 at 7% for the down payment (added to their $10,000) and then another place financed the rest at 6% . my husband and I just sort of looked at each other already feeling like OH-OH?????
We thought their were programs out there for first time home buyers. It sounded like the good buddy steered them away from those as well as fha. Now I could be wrong but am I????
Here is the thing. these 2 loans are killing them, recently wells fargo (not their lenders) called them and got them all excited about refinance. In the end they were told with the 2 loans and now that their home is worth less then what they owe. they are pretty much screwed. They still are able to pay all their bills but i worry for how long. they are struggling. they have also maxed out 2 credit cards to cover an emergency medical expense that came up. So I was wondering if anyone had any suggestions? with all this help out there I would think there would be a way to combine the 2 mortgages at a lower rate. Or is wells fargo right and they are screwed
Although hindsight is always 20-20, at the time and given the economy, your son%26#039;s broker did not necessarily direct him wrong. Assuming that your son got an FHA loan, he would have put down say 3% - about $5,400 leaving a mortgage balance of $184,500 and the rate would have been probably 6.25% (FHA rates tend to be a bit higher) and he would have also had to pay PMI because of his equity being less than 20%. Based on all that, his monthly payments probably would have been about the same as they are now or slightly higher. Since the price of the house still would have dropped, he would have still been underwater and struggling.
What he did was a then-typical 80-15-5, with a first mortgage at 80% (eliminating the PMI), the second at 15% and of course his down payment. Had the market kept going up, he would have eventually been able to combine the two at the lower interest rate and still avoided the PMI. Meanwhile, he would have been getting about the same tax deduction as in the FHA loan but avoiding the PMI. A win-win situation.
Unluckily for him, he had two pieces of misfortune - the real estate market crash and a medical crisis. The FHA loan would not have saved him from either of these.
Further unluckily, on a conventional re-finance, yes, you son is screwed until he can get the balance on the mortgages down below the appraised value (above water). However, what he might want to do is call his first mortgage holder and see if they are participating in the new mortgage financing act and then see if perhaps he can qualify for a modification. If he does qualify, it might help ease the burden somewhat.
ouch. I would say review their budget and cut out unnecessary expences. Teach them to make food, not take-out, and reevaluate clothes. If you help them create a workable budget they should be able to pay off the credit cards. Also, if they have good jobs they might want to cancel their 401k contributions for awhile until the credit cards are paid off.
even with one loan, their house would probably still be worth less than the loan balance
The reason they got 2 loans is because they didn%26#039;t have 20% down and were trying to avoid the mortgage insurance you have to get when you don%26#039;t have a 20% down payment. So each loan is for less than 80% of the price so they didn%26#039;t have to get the insurance for either loan.
They should suck it up, refinance to ONE fixed-rate loan (5-6%), resign themselves to the fact that they%26#039;re going to have to have mortgage insurance for about the first 10 years, and work with that ONE loan. Good luck...sounds like their broker %26quot;buddy%26quot; thought he was doing them a favor but really he didn%26#039;t do them a favor at all. Two loans at once are hard to handle for anyone.
I can only answer part of your question. You%26#039;re right that brokers want their cut quickly and don%26#039;t always provide all the information that%26#039;s necessary to know especially when they find someone who has a downpayment (or even partial downpayment, 20% down is required) they get dollar signs in their eyes. It%26#039;s not that they fib, it%26#039;s just that they omit info. Without prior information in hand and with the will to move upward and get immediate satisfaction (because who knows they may not get this chance again or anytime soon) young people plunge into the loans that are available, and yes many new buyers have 2 loans. And yes, in this economy most homes and nearly all the homes in certain areas have decreased in price so people %26quot;are%26quot; losing out and are paying for what they don%26#039;t have anymore. Yes there are places where the loan can be redone, but remember that there are also unscrupulous people out there, and that every time you re-do a mortgage (like to get around a balloon payment or payments) you have to pay upfront for the loans to be redone. Do they have the money to do that? To get out from under something like this people are doing a %26quot;quick sale%26quot; and taking the loss, a hit to their credit report, and possibly into bankruptcy, and that%26#039;s a real hit to the ego and belief in the system as well as to the job/career future. So I can see where they would want to try to keep this going as far as they can by keeping the house and struggling. I remember when my parents bought their home, their parents paid for the lots and they had the house constructed by a contractor of their choice who would listen to their ideas for a dream home. Then they had renters who helped pay off the mortgage. These days kids think they can pay for the thing themselves and not have renters, and the parents don%26#039;t help out like they used to. When it%26#039;s said that young people buy homes and they aren%26#039;t prepared to do so, well it seems these were as nearly as they could be prepared to buy a home but the world%26#039;s economy stepped in and is messing with their plans. These young people know that if they hang in there things %26quot;will%26quot; get better, jobs will come back and then they will own their home. This is called %26quot;faith%26quot; or %26quot;hope%26quot;.
%0D%0A
after all was said and done we went out to celebrate their new home and my husband asked about their rate (or something) they proudly explained that they got 2 loans. the first was for $30,000 at 7% for the down payment (added to their $10,000) and then another place financed the rest at 6% . my husband and I just sort of looked at each other already feeling like OH-OH?????
We thought their were programs out there for first time home buyers. It sounded like the good buddy steered them away from those as well as fha. Now I could be wrong but am I????
Here is the thing. these 2 loans are killing them, recently wells fargo (not their lenders) called them and got them all excited about refinance. In the end they were told with the 2 loans and now that their home is worth less then what they owe. they are pretty much screwed. They still are able to pay all their bills but i worry for how long. they are struggling. they have also maxed out 2 credit cards to cover an emergency medical expense that came up. So I was wondering if anyone had any suggestions? with all this help out there I would think there would be a way to combine the 2 mortgages at a lower rate. Or is wells fargo right and they are screwed
Although hindsight is always 20-20, at the time and given the economy, your son%26#039;s broker did not necessarily direct him wrong. Assuming that your son got an FHA loan, he would have put down say 3% - about $5,400 leaving a mortgage balance of $184,500 and the rate would have been probably 6.25% (FHA rates tend to be a bit higher) and he would have also had to pay PMI because of his equity being less than 20%. Based on all that, his monthly payments probably would have been about the same as they are now or slightly higher. Since the price of the house still would have dropped, he would have still been underwater and struggling.
What he did was a then-typical 80-15-5, with a first mortgage at 80% (eliminating the PMI), the second at 15% and of course his down payment. Had the market kept going up, he would have eventually been able to combine the two at the lower interest rate and still avoided the PMI. Meanwhile, he would have been getting about the same tax deduction as in the FHA loan but avoiding the PMI. A win-win situation.
Unluckily for him, he had two pieces of misfortune - the real estate market crash and a medical crisis. The FHA loan would not have saved him from either of these.
Further unluckily, on a conventional re-finance, yes, you son is screwed until he can get the balance on the mortgages down below the appraised value (above water). However, what he might want to do is call his first mortgage holder and see if they are participating in the new mortgage financing act and then see if perhaps he can qualify for a modification. If he does qualify, it might help ease the burden somewhat.
ouch. I would say review their budget and cut out unnecessary expences. Teach them to make food, not take-out, and reevaluate clothes. If you help them create a workable budget they should be able to pay off the credit cards. Also, if they have good jobs they might want to cancel their 401k contributions for awhile until the credit cards are paid off.
even with one loan, their house would probably still be worth less than the loan balance
The reason they got 2 loans is because they didn%26#039;t have 20% down and were trying to avoid the mortgage insurance you have to get when you don%26#039;t have a 20% down payment. So each loan is for less than 80% of the price so they didn%26#039;t have to get the insurance for either loan.
They should suck it up, refinance to ONE fixed-rate loan (5-6%), resign themselves to the fact that they%26#039;re going to have to have mortgage insurance for about the first 10 years, and work with that ONE loan. Good luck...sounds like their broker %26quot;buddy%26quot; thought he was doing them a favor but really he didn%26#039;t do them a favor at all. Two loans at once are hard to handle for anyone.
I can only answer part of your question. You%26#039;re right that brokers want their cut quickly and don%26#039;t always provide all the information that%26#039;s necessary to know especially when they find someone who has a downpayment (or even partial downpayment, 20% down is required) they get dollar signs in their eyes. It%26#039;s not that they fib, it%26#039;s just that they omit info. Without prior information in hand and with the will to move upward and get immediate satisfaction (because who knows they may not get this chance again or anytime soon) young people plunge into the loans that are available, and yes many new buyers have 2 loans. And yes, in this economy most homes and nearly all the homes in certain areas have decreased in price so people %26quot;are%26quot; losing out and are paying for what they don%26#039;t have anymore. Yes there are places where the loan can be redone, but remember that there are also unscrupulous people out there, and that every time you re-do a mortgage (like to get around a balloon payment or payments) you have to pay upfront for the loans to be redone. Do they have the money to do that? To get out from under something like this people are doing a %26quot;quick sale%26quot; and taking the loss, a hit to their credit report, and possibly into bankruptcy, and that%26#039;s a real hit to the ego and belief in the system as well as to the job/career future. So I can see where they would want to try to keep this going as far as they can by keeping the house and struggling. I remember when my parents bought their home, their parents paid for the lots and they had the house constructed by a contractor of their choice who would listen to their ideas for a dream home. Then they had renters who helped pay off the mortgage. These days kids think they can pay for the thing themselves and not have renters, and the parents don%26#039;t help out like they used to. When it%26#039;s said that young people buy homes and they aren%26#039;t prepared to do so, well it seems these were as nearly as they could be prepared to buy a home but the world%26#039;s economy stepped in and is messing with their plans. These young people know that if they hang in there things %26quot;will%26quot; get better, jobs will come back and then they will own their home. This is called %26quot;faith%26quot; or %26quot;hope%26quot;.
%0D%0A
Cash offer or fixes on a house selling/buying?
We are in a situation to sell our house. After inspection, the buyers came back with a list of fixes, several fixes are big items like could be around thousand. Which is the better approach to settle this...cash offer at closing after an estimation, or proceed with fixing? Closing date on the contract is 30 days away from now.
We're in a similar position where we know there are major repairs that will need to be done to the house. Either list your house for a lower price and sell it as is or offer to take the cost of the repairs off the listing price. The problem with fixing the problems is that they can still get out of buying the house if the fix is not up to there standards. In my opinion it's safer to just take some money off the selling price and let them worry about fixing it themselves.
edit: Give them back a counter offer stating that you are not willing to do the repairs needed, but that you will reduce the cost of the house to reflect the price of the repairs. Doing the repairs for them runs the risk of them not being happy with the quality or with finding further problems. Most people will be just as happy to have the price of the house reduced, they can still get the loan for the same amount and just put that money towards the repair costs themselves. I would refuse to sell to them if they are unwilling to take this arrangement.
Money off the price of the home, you never know when one fix will lead to another. What seems to be a simple repair sometimes can turn into something else. There could be legal issues about paying cash to each other at closing.
Another problem could be; What if they don't close, something goes wrong with the loan and the deal falls apart. You just spent the money on fixes they wanted buy they can't buy the home. What if they aren't happy with the fixes? Your next potential buyer will probably still come up with more fixes.
Discounting the price is the simplest way.
Lower the price of the house.
We're in a similar position where we know there are major repairs that will need to be done to the house. Either list your house for a lower price and sell it as is or offer to take the cost of the repairs off the listing price. The problem with fixing the problems is that they can still get out of buying the house if the fix is not up to there standards. In my opinion it's safer to just take some money off the selling price and let them worry about fixing it themselves.
edit: Give them back a counter offer stating that you are not willing to do the repairs needed, but that you will reduce the cost of the house to reflect the price of the repairs. Doing the repairs for them runs the risk of them not being happy with the quality or with finding further problems. Most people will be just as happy to have the price of the house reduced, they can still get the loan for the same amount and just put that money towards the repair costs themselves. I would refuse to sell to them if they are unwilling to take this arrangement.
Money off the price of the home, you never know when one fix will lead to another. What seems to be a simple repair sometimes can turn into something else. There could be legal issues about paying cash to each other at closing.
Another problem could be; What if they don't close, something goes wrong with the loan and the deal falls apart. You just spent the money on fixes they wanted buy they can't buy the home. What if they aren't happy with the fixes? Your next potential buyer will probably still come up with more fixes.
Discounting the price is the simplest way.
Lower the price of the house.
Loan help please... please... please... (10points) asap... as many as possible?
I am 19 years old. My credit is small; I have 2 credit cards, and that%26#039;s about it and sometimes i miss payments, so not sure if my credit is good or not.
Anyway, I need a $3000 loan, WITHOUT a cosigner! I want to know who would give me one, and i am not too concerned about the APR % or whatnot%26#039;s...
can anyone help me please,
thank you so much
You should start with your own bank (assuming you have one). They know you as a customer and they know you%26#039;re reliable (hopefully). A bank that doesn%26#039;t work with you already will be much less likely to lend to you. If you%26#039;re not a member of a bank, join one and open a savings account with $20 or something. Then immediately file for a loan. They might help you out. Good luck!
If you already missing payments, that means your score is low. So, that means when you apply for a loan, and lenders sees that you have missed payments on your credit report, you will have to get a co-signer or put up collateral (car, house, etc).
You probably have a low credit score, and will not be approved for a loan.
wow i dont know any thing abut that sowie
%0D%0A
Anyway, I need a $3000 loan, WITHOUT a cosigner! I want to know who would give me one, and i am not too concerned about the APR % or whatnot%26#039;s...
can anyone help me please,
thank you so much
You should start with your own bank (assuming you have one). They know you as a customer and they know you%26#039;re reliable (hopefully). A bank that doesn%26#039;t work with you already will be much less likely to lend to you. If you%26#039;re not a member of a bank, join one and open a savings account with $20 or something. Then immediately file for a loan. They might help you out. Good luck!
If you already missing payments, that means your score is low. So, that means when you apply for a loan, and lenders sees that you have missed payments on your credit report, you will have to get a co-signer or put up collateral (car, house, etc).
You probably have a low credit score, and will not be approved for a loan.
wow i dont know any thing abut that sowie
%0D%0A
Would a package shipped with fedex 2-day Air from California arrive today to Northeatstern Colorado?
I figure since california is on the coast, and I live not even in the middle of the country, it might get here today, and if I lived somewhere like florida, it might take two days. I live just a few states away from california. Anyone had an experience, please elaborate.
You said that it was fedex 2 day. So that means that it would take 2 days. If you have the tracking number you can go online to fedex.com and find out where it at and when it is scheduled to be delivered.
You said that it was fedex 2 day. So that means that it would take 2 days. If you have the tracking number you can go online to fedex.com and find out where it at and when it is scheduled to be delivered.
Is it worth saving up money but having to suffer boredom all of the time?
If i save money which i need to then is it wth having to suffere being bored all of the time to be able to have lots of money at a later date?
Oh Paul! what a great question! I've always saved my money and you know saving money is the best thing in the world and it means that you're your own woman, lol sorry! man in your case I was thinking of me there but ummm yeah, there's so much you can do without having to spend money, just look around, museams, parks, you can even get free meals and cinema tickets if you look really hard and if you need a date for the cinema... give me a call ;) xxxx
Listen Saving is important but you only get one life so find a balance between the 2 because if you are saving all the time and when your life is over, you better believe someone else will spend your money that you worked hard for so I say that you should find a balance spend a little and save at the same time, It can be done because I do it anyway You pay strangers first all the time(bill companies)so pay yourself also anyway Take Care and God Bless
It's certainly worth saving as much as you can for the future. If you are bored, then you are not busy enough!!! Find more to do in your spare time That could be a savings opportunity too, or just a chance to do things you enjoy. That's your boredom problem solved !!
Doing things in extreme are almost always bad.
My suggestion to you is to build up your reserve cash quickly. Sacrifice what you must to achieve this goal. Once that is established, allocate yourself some spending cash and save the rest.
If you are disciplined, there is no reason why you can't do both.
I don't do saving money, I always think I'm going to die from some tragic accident so I spend what I have while I can. I don't earn enough to save anyway and I blew every penny I had any some I didn't have on starting up my business.
So, stuff it, I say. Enjoy life while you can
its always good to save money rather than spend it all and be broke!
these days we are in a crunch and its hard to save but you can it seems, so save all you can.
more difficult times are coming, so beware and better to save than be sorry!
YES! That is a great plan, however, it doesn't have to be boring...if you don't want to find a fun job (or you can't) try saving a little at a time. There is no need to be in a rush if YOU aren't in a rush.
Find things to do to entertain yourself that don't cost money. Hang out with friends in the park. Read books from the library. Take up jogging.
Saving money was the best thing I did, I was able to put down a deposit on a house and get a mortgage on my own.
it is 100 percent worth it. i did and now during these hard times i dont get stressed about all the bad things going on around me.
I think finding a good balance between the two is best
Oh Paul! what a great question! I've always saved my money and you know saving money is the best thing in the world and it means that you're your own woman, lol sorry! man in your case I was thinking of me there but ummm yeah, there's so much you can do without having to spend money, just look around, museams, parks, you can even get free meals and cinema tickets if you look really hard and if you need a date for the cinema... give me a call ;) xxxx
Listen Saving is important but you only get one life so find a balance between the 2 because if you are saving all the time and when your life is over, you better believe someone else will spend your money that you worked hard for so I say that you should find a balance spend a little and save at the same time, It can be done because I do it anyway You pay strangers first all the time(bill companies)so pay yourself also anyway Take Care and God Bless
It's certainly worth saving as much as you can for the future. If you are bored, then you are not busy enough!!! Find more to do in your spare time That could be a savings opportunity too, or just a chance to do things you enjoy. That's your boredom problem solved !!
Doing things in extreme are almost always bad.
My suggestion to you is to build up your reserve cash quickly. Sacrifice what you must to achieve this goal. Once that is established, allocate yourself some spending cash and save the rest.
If you are disciplined, there is no reason why you can't do both.
I don't do saving money, I always think I'm going to die from some tragic accident so I spend what I have while I can. I don't earn enough to save anyway and I blew every penny I had any some I didn't have on starting up my business.
So, stuff it, I say. Enjoy life while you can
its always good to save money rather than spend it all and be broke!
these days we are in a crunch and its hard to save but you can it seems, so save all you can.
more difficult times are coming, so beware and better to save than be sorry!
YES! That is a great plan, however, it doesn't have to be boring...if you don't want to find a fun job (or you can't) try saving a little at a time. There is no need to be in a rush if YOU aren't in a rush.
Find things to do to entertain yourself that don't cost money. Hang out with friends in the park. Read books from the library. Take up jogging.
Saving money was the best thing I did, I was able to put down a deposit on a house and get a mortgage on my own.
it is 100 percent worth it. i did and now during these hard times i dont get stressed about all the bad things going on around me.
I think finding a good balance between the two is best
What
I'm looking for something to invest my money in, Not talking Stocks of anything confusing like that. I'm only 14, i have $225.
Any Ideas
buy a cd. super safe, no fee's, etc.
You can't go wrong with that. your ROI (return on investment) is much lower than stocks, but you are 14.
Citi stock
Any Ideas
buy a cd. super safe, no fee's, etc.
You can't go wrong with that. your ROI (return on investment) is much lower than stocks, but you are 14.
Citi stock
First home owners tax credit?
I'm buying my first home and want and need the tax credit but I'm buying my parent's house and tax man said I can't get a tax credit cause I'm buying from family member. Any ideas?
Buying from your parents is considered related-party transaction so the IRS won't allow you to take the First-Time Homebuyer Tax Credit even if you pay fair market value for the house. If you want the credit, buy a house from a non-relative.
Yeah, I have 2 ideas:
1. Buy a different house instead. OR
2. Give up on the tax credit because you don't qualify. (sorry, but the laws on this are black and white, you don't get the credit if you buy from family. there are no loopholes.)
None. Buying from your parents doesn't qualify.
The only alternative is to buy a different house from a non-relative.
You are disqualified if buying from an immediate family member.
Buying from your parents is considered related-party transaction so the IRS won't allow you to take the First-Time Homebuyer Tax Credit even if you pay fair market value for the house. If you want the credit, buy a house from a non-relative.
Yeah, I have 2 ideas:
1. Buy a different house instead. OR
2. Give up on the tax credit because you don't qualify. (sorry, but the laws on this are black and white, you don't get the credit if you buy from family. there are no loopholes.)
None. Buying from your parents doesn't qualify.
The only alternative is to buy a different house from a non-relative.
You are disqualified if buying from an immediate family member.
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