do I pay taxes at the end of the year on stocks I redeemed in Aug? Or did I pay taxes, when redeemed?
88898
You owe taxes on any capital gains that resulted from the sale, plus any dividend that were paid in 2005 before you sold the stock.  You will pay the tax on these when you file your 2005 tax returns by April 17.  For federal tax, there is a special rate for dividends and for long term (held more than 1 year) capital gains.  It is 10 or 15 % depending on your tax bracket.  You should complete schedule D of the 1040 tax form.  There is no special treatment for capital gains in Minnesota, so the gains will be taxed as normal income (typically 7.05%, but up to 7.85% if your income is over $100,000).  You will get a 1099-B and/or 1099-Div statement from your broker.  In the unlikely event that they withheld tax (which they would only do if the IRS has notified you that you are subject to backup withholding) it will show on the 1099-B.
785885
It somewhat depends on the particular bond.  EE and H and I bonds are not taxabable until they are redeemed.  All others are taxable during the year when the interest is paid.  The interest received is not taxable by state and local governments.  It is taxable by the U S government.  TIPs and Strips have tax consequenses that make them undesirable for normal taxable accounts.  Strips do not pay interest.  They are sold at a discount to their face value.  But the imputed interest is taxed even though it is not received. (Isn't the government just great?).  TIPs do not pay the inflation adjustment until the bonds are redeemed, but the inflation adjustment is taxed annually even though it is not paid.  Cute.
463933
Yes unless you have filed for a 6 month extension.  Because April 15 is on a Saturday, taxes are due on April 17 this year.
26015
That depends on the amount of the gain, your overall tax bracket, the amount of tax already paid for the year, etc., etc. The best strategy is to use a tax planning tool and put all the information in for the year including your filing status (single, married joint, married separate, etc), wages, tax withheld, whether or not you have mortgage interest or property taxes, interest and dividends as well as the capital gains. IF you come up short, you should pay Federal and state estimated taxes. If not, no reason to do so. You could be hit with a small estimated tax penalty which is basically equal to the amount of interest due on the amount of the underpayment if you come up significantly short.
1049010
Yes they go from previous years so next year when you send in your tax earning for this year they either owe you money or worse you owe them.
729962
You will get it in January. That's when all tax forms are mailed out - 1099, W2, etc. You usually get them at the end of January.
50422
Do you mean that if you didn't not pay your fed tax throughout the year?   \nIf you make a taxable wage at the end of the year, then you will have to pay the taxes you owe.
288275
The have to send them out by Jan 31st. They should have them to you by then corporate taxes are to be filed by March 15 so if they do their taxes on time you know they can have your 1099 to you before April
909650
Yes you do. if you sold the shares and transfer the income. Also I think if you transfer the shares, as it would be treated as a sale at current market values
867814
Yes.  If the amount you earn up to 5 April is less than your personal allowance for 2006/07 then you can reclaim the tax after 5 April
985370
Generally have to wait for your employer to send you your w-2 which shows the amount of income and amount of taxes paid for the year. They are required by lay to have them to you by the 31st of Janurary. If you have any interest earning accounts , they also have to send a 1099 form showing your yearly interest earned. It is best to wait until you have all your info so you don't have to amend your taxes after you have filed them.
716030
When you have paid security transaction tax at the time of selling securities (shares), then, \n\nIf you are an investor and not trader:\n\n1. If you are selling the shares after 12 months, then it comes under long term capital gains and you need not have to pay any tax on that gain.\n\n2. If you are selling the shares before 12 months then you have to pay short term capital gains @10% flat on the gain.\n\nIf you are a trader and not an investor:\n\nAll your gains will be treated as trading (Business) and you have to pay tax as per tax sables.  In this case the transaction tax paid by you can be claimed back/adjusted in tax to be paid.\n\nReddy.
787078
If your shares transactions are investment, then it has to be shown in Income From Capital Gains Head. (Short Term & Long Term Gains)\n\nIf your shares transactions are trading, then this income has to be shown in Income from Business Or Profession Head.\n\nWhile filing your returns you have to show all your income other than shares transactions also.\n\nReddy
866730
Not necessarily. If you had no withholding for 4 months, but have worked enough to have earned in excess of $8450 by the end of the year (if you are single), then the question is how much will you owe in taxes versus how much gets withheld by the end of the year.  If you project your earnings and calculate the tax that will be due and compare it to your withholding and you come up short, you can file a new W-4 form and request extra withholding from your remaining checks to make up the difference.  The IRS treats amounts withheld as if the money were paid in evenly over the whole year. In this way, if you make up any shortfall in withholding before 12/31, you can legally avoid any penalties or interest for under withholding.
855907
They cannot charge you 30% when your shares are STT paid.  It is only 10% flat.  It comes U/s 111A.  \n\nEven I have filed the returns for F.Y 2005-06 with the same income and paid only 10% flat. (5 assessments for my family with same income u/s 111A.)\n\nFor your information I am giving you a web link.  Also google your question - income tax 111A short term capital gains - You will find number of answers.\n\nhttp://sify.com/finance/tax/fullstory.php?id=13570054
900752
The difference between the sale price and the loan balance on the date of sale is considered to be canceled debt which should be included as income in the year of sale.  It make no difference if the loan was secured, somebody had to make up that difference.  There are some exceptions that may apply which you may read about on page 80 and 81 of IRS Publication 17.  I have provided a link.  However this issue is complex and made more so by the delay in dealing with it as you seem to have.  I would suggest that you consult a tax professional to assist you and soon as the interest is building on the amount the IRS believes you owe.  \n\n\nhttp://www.irs.gov/pub/irs-pdf/p17.pdf
621130
The last date to file FBT returns are the same as that of your normal income tax return i.e. 31st July or 31st October as the case may be. \n\nIf you want to know, what is the last date for filing income tax return and in what case the due date is 31st july or 31st october, then let me tell you in simple words that, in case your books are audited, then it is 31st october, else 31st july.