Archive for October, 2006

 

How do I pay more taxes/forfeit my tax return?

Monday, October 30th, 2006
taxes
Pearl Jam asked:


I’m 17 and I just got a job with McDonald’s, and I’ve heard about tax returns, and I was wondering how I can pay more taxes and let the government keep my tax return. Is this possible? I want to pay more taxes that the government can actually keep. Thanks
I want to give to the government, not a charity. I’m just asking how I can do it. Can you send them a check?

 

How does the tax deduction work for state and county transfer taxes?

Saturday, October 14th, 2006
taxes
Mike F asked:


My wife and I are buying a new house in MD where the state and county transfer taxes will be about $8000. We are going to close in December this year, but will probably take a standard deduction. Can we deduct the property transfer tax even though we are going to take the standard deduction this year? Are transfer taxes deductions or credits?