If you have a copy of the "officials manual" there is a good diagram of this issue in there.

After a time out you take it where it was previously going to be.

Example:
A basket was just scored and the other team requests a time out. When they all come back in, the ball will again we inbounded on the baseline. Just where the game left off.

Can Someone Help Me Please
 

Following a timeout, play is resumed out of bounds in the vicinity of where the ball was when the t/out was called.

Exaclty! :D

I dont know about you guys, but tat one seemed a no brainer to me... so much so I thought I was going to be a trick question

lol