Business & Finance - 28 January 2007

I recently was awarded a legal settlement of $55,000. The party paying the money is planning to pay it out on a 1099, labeled as "emotional distress" damages. I don't know much about this, except that it will ultimately reduce the amount of taxes that are taken out. The problem is that because they are handing me a lump sum check with the 1099, they are not taking the taxes out in advance. Does anyone know how much of this I should set aside for my taxes next year?

2007-01-28 06:55:17 · 5 answers · asked by tictickchick 3 in United States

what is the scope

2007-01-28 06:54:02 · 1 answers · asked by Anonymous in Careers & Employment

2007-01-28 06:53:11 · 2 answers · asked by Jeffrey J 1 in Corporations

I am a Junior English major in college. How do I break into the entertainment industry?

2007-01-28 06:52:38 · 3 answers · asked by Anonymous in Careers & Employment

On 5th Dec 06, I entered sales agreement to purchase home in Illinois, closing date of Feb 23. I paid earnest money of $3.5k. One contingency of the contract is that I must receive firm commitment on loan, which I do not have yet. I have had a couple of extensions to this given that the loan process has been lengthy (the seller agreed to these extensions).

However, after review of finances, I am now concerned re. my ability to meet financial obligations of the loan, initially (closing costs) and ongoing mortgage payments. Given that closing date is nearing, do I have a way to cancel this contract without any penalty ie. being sued. I realise that I will most likely lose the earnest money but want to avoid any further penalties and / or being sued by the seller.

Thank you.

2007-01-28 06:51:12 · 6 answers · asked by Sick of the crap 1 in Renting & Real Estate

I am Short On money and thinking about it.....is it a bad idea?

2007-01-28 06:48:55 · 13 answers · asked by sugar_n_spice 5 in Credit

2007-01-28 06:47:37 · 5 answers · asked by William H 1 in United States

It is my general observation through practical experience in the job market that people who belong to either one of the 5 professions are most respectable and get paid most:
1. Doctors(medical)
2. Accountants
3. Lawyers
4. Soldiers/Marines
5. Teachers
Now if someone does not fall into one of the above professions then it is worthy for him to become a "salesman" .
Now am i right to say or think like that? I want to reach to a conclusion.Please comment!

2007-01-28 06:45:47 · 7 answers · asked by Maxood 3 in Careers & Employment

I have a laon with Amscot in Tampa Forida. I do not have the money to pay them back.

2007-01-28 06:44:07 · 17 answers · asked by gooch44975 2 in Credit

Do I file my tax as single or married.I am Legal permanent resident married?
I am Legal Permanent Resident , married . My wife is based outside United States(Foreign Country), she doenst have social security number. I am responsible for her upkeep as shes not working. Should i file my tax as single, or married filling jointly(wife not working) or married filing seaprately. She has never come to USA before, and it may take 4 years for her to join me .

2007-01-28 06:44:06 · 2 answers · asked by yankieby 1 in United States

Our divorce decree states that we are to alternate years claiming our daughter. This year was supposed to be our year, but I e-filed my taxes and it was rejected because it said that she was already claimed by another person. He still has not returned my calls regarding this, but I can't imagine who else would have claimed her. Anyway, who do I need to do in order to claim her since, according to the divorce decree, it is our year?

2007-01-28 06:41:51 · 9 answers · asked by sunshineandsilliness 2 in United States

2007-01-28 06:40:03 · 5 answers · asked by thcoob 1 in Small Business

When I filled out my w-4's this last year for my job I put exempt at the bottom of the page and they didn't take out any federal or state withholding's. I was told exempt meant that nobody could take your taxes when you filed so I put exempt cause nobody is trying to take them so I didn't pay attention when I got my check and I just looked at my hours and I saw they took out money cause the gross was different from the amount of the check but I didn't notice at all. Will I get in trouble for this? I put exempt on my husbands also and his boss took out federal and state so I guess that is why I got confused. Anyone know how to go about this? My husband has to pay taxes cause he makes more but I hardly worked so I wouldn't have to pay. Am I in serious trouble? When I said try to take my taxes I meant like if collection's agency or other places want them cause you don't pay your bills. I do pay my bills!

2007-01-28 06:38:44 · 6 answers · asked by V8 3 in United States

i want to do a will and have my 2 girls from on dad stay with my husband and other daughter when i die i have full physical placementover both and full custody over 1 and joined custody over the other can i do this if okayd by there dad? and where do i go?

2007-01-28 06:37:55 · 4 answers · asked by laura c 1 in Insurance

TRUST. AGGREGATE. POOL. CONGLOMERATE.

2007-01-28 06:37:09 · 4 answers · asked by Anonymous in Corporations

It is time for my annual pay raise and I was wondering is it "proper" to submit cards and letters of appreciation that I have received from agents and the broker of the real estate office that I work at to HR along with my paperwork?

2007-01-28 06:35:41 · 1 answers · asked by rebeccah1030 2 in Careers & Employment

How do I qualify for the child tax credit? Do I file as head of household or single in order to qualify?

2007-01-28 06:32:19 · 2 answers · asked by chloerochelle102887 1 in Other - Taxes

thanks

2007-01-28 06:31:35 · 4 answers · asked by Anonymous in Other - Advertising & Marketing

2007-01-28 06:28:56 · 3 answers · asked by Anonymous in Credit

How to invest in Canadian Royalty Trusts and are what are they worth. I'm an American living in the states.

2007-01-28 06:28:50 · 3 answers · asked by garykofoid 2 in Investing

2007-01-28 06:28:00 · 4 answers · asked by Anonymous in Careers & Employment

Two in one question. I am a real estate broker and I manage properties. In the process I have to do repairs on certain properties and have purchased hand tools for this purchase. I don't want to have to capitalize and all that for a 3.99 screwdriver so how do I deduct these purchases.

Part two. If I throw a client party at my house, can I write off the entire amount or is it subject to the 50% entertainment stuff.

Thanks in advance for your answer.

2007-01-28 06:27:32 · 7 answers · asked by sanjonny 2 in United States

i know there is one from www.splashplatic.com but that has a monthly charge.
does anybody know and other ones?
preferably free ones?

2007-01-28 06:26:14 · 7 answers · asked by Anonymous in Credit

My new job offer requires me to be in the field about 50% of the time, using my own vehicle. Is .34 per mile a fair offer? Will I be able to deduct the difference between the .34 and what is the standard mileage deduction allowed by the IRS?

2007-01-28 06:25:59 · 4 answers · asked by J A 1 in United States

i want to know what agencies i should apply/send a proposal to; every one says free grants -- noones tells who to get them from.
i'll write my wn proposal, i just need to know to whom to send it to.

2007-01-28 06:19:03 · 1 answers · asked by kmerv 2 in Other - Business & Finance

use an effective annual yield of 7.1 %
What is the nominal annual interest rate?

------ % ?
That's how I have been doing it...but can't get the answer. plz help
e^0.071=1.073581
7.3581

2007-01-28 06:17:18 · 3 answers · asked by Anonymous in Investing

2007-01-28 06:16:03 · 8 answers · asked by Anonymous in Careers & Employment

when you see the offer document of any mutual fund you see growth and dividend option in it what is this ?

2007-01-28 06:15:38 · 10 answers · asked by lucky_asthana 1 in Investing

Trading name The David Jones Collection
Faux leather
High fashion

2007-01-28 06:14:57 · 5 answers · asked by CAROL B 1 in Small Business

2007-01-28 06:12:28 · 5 answers · asked by Smiley 3 in Careers & Employment