Business & Finance - 28 January 2007

I am starting small as I don't have a lot of money. I get about 3000 back in taxes (you gotta love kids) but all that has to pay bills. I will have 500 left where should i put it to save and grow money. Next tax season i will be able to add 3000 and then like that from there on. I think I have found CD's are not very good. Also where can I get a Loan for a car with BAD credit? Thanks for any help?

2007-01-28 01:11:20 · 6 answers · asked by Anonymous in Investing

2007-01-28 01:08:34 · 1 answers · asked by Anonymous in Renting & Real Estate

I have an odd question about Mortgage Interest deductions. Here's the situation:

My step-father was paying on a mortgage, but abruptly had to go abroad to care for his ailing parents.

He made no mortgage payments in 2006 at all, nor supplied any income for my mother. My mother had a couple part-time jobs, but could not pay the mortgage. Therefore, the entire year of 2006 I assumed the bill and payed all of the mortgage payments myself.

My question is, who deducts the mortgage interest paid? Should it be on her tax return since the mortgage is in her name?

Or, should it be on mine, since I obviously paid it. I worry that if I put it on hers, the IRS will wonder how she paid all that interest, when she didn't have even a third of that income.

Any thoughts?

Thanks...

2007-01-28 01:08:31 · 4 answers · asked by TECH 5 in United States

We bought a house last year (our primary residence) in the fall. We bought about halfway through a six-month property tax cycle. (I don't know how other states are, but in Minnesota, people pay property tax for the first half of the calendar year and the second half of the year.) At the closing, we reimbursed the sellers for our portion of the July-Dec 2006 property tax, which was several hundred dollars. However, besides a line on our closing forms that notes the amount paid to reimburse the sellers for property tax, I have no form that acknowledges what we paid for property taxes. So, are we legally entitled to deduct the property tax we paid? Also, does the government (state or county) need to send us a form, or is the official closing document that states the property tax reimbursed to the seller sufficient for safely itemizing that amount? (Our deductions exceed the standard deduction by several thousand dollars, so we are definitely itemizing.)

2007-01-28 01:08:09 · 3 answers · asked by Minnesota_Slinger 3 in United States

People with defaulted student loans usually have their income tax return confiscated. However, this confiscation by Sallie Mae & assorted low life collectors, are never applied to the defaulted loan. Thus, this may be the 3rd year I have not filed Federal taxes. Does anyone know a way out of this morass?

2007-01-28 01:07:18 · 4 answers · asked by slk6689 1 in United States

which bank . capital required.how it works

2007-01-28 01:05:48 · 8 answers · asked by Anonymous in Small Business

2007-01-28 01:01:51 · 3 answers · asked by pola 1 in Search Engine Optimization

Can a truck cap that is installed on the bed of a light duty truck by clamps (used to cover and protect cargo) be deducted inaddition to the standard mileage rate?

2007-01-28 00:59:27 · 4 answers · asked by Casey H 1 in United States

We had a baby 7 months ago. My wife got a insurance about the same week that she got pregnent but we didn't know she was pregnenet...we went to see a Dr first time after a month of getting a insurance. It appears to be she was pregnenet before she had the insurance because of those stupid mechine which assumes the pregnency in Dr office.
She has precondition on her insurance plan...and the insurance is keep denying all the payments saying its pre-existing. According to her policy complications delivery are not consider as pre-exisiting and she had C-section because she couldn't deliver the baby normally. We sumbimtted that report also and they are still keep denying the payments...we are talking about around $40K total. I make $95K/year so not qualify for charity and she was a student. But I live in east cost and it's exp. here hardly save money....what should we do..we are thinking just ignore the bills..

2007-01-28 00:59:15 · 4 answers · asked by Anonymous in Insurance

2007-01-28 00:58:37 · 2 answers · asked by smallpot 1 in Careers & Employment

I am receiving military retirement pay after 20+ years of active duty with a 10% disabled rating. If I take a post office position, how does this affect my retirement pay, if at all. And what could I expect for vacation time initially. Is there a web site that explains these Post Office benefits for military retirees? Thanks in advance for your replies.

2007-01-28 00:58:18 · 2 answers · asked by USAFret 2 in Careers & Employment

A few years ago I bought an investment property for $11k in a nice neighborhood, so the county assessed it at $52k, even though it is not habitable yet. I have been wanting to go into business for myself for a while now and was wondering if I tried to use that house as collateral for a business loan, would i get $52k worth of cash for it? I know the bank has the property evaluated, but does the evaluation differ much from the county assessment? It is a brick house in a nice area, so from the outside it looks fine, but the inside needs MAJOR work. I'm in another state now, so can I have them just check out the outside the house and give me an appraisal that way? Any info you can give me on this would be great!

2007-01-28 00:54:44 · 4 answers · asked by Matt 4 in Renting & Real Estate

I have completed medicine 10 yrs back and have worked in various capacities.
Is there a scope for a Hospital Management course at my age? and the job prospects thereafter
Please advise

2007-01-28 00:53:55 · 2 answers · asked by d_sco 2 in Careers & Employment

2007-01-28 00:50:28 · 4 answers · asked by Kyle B 1 in Insurance

Hey guys, I don't know if this might sound stupid to you guys, but I'm like in the middle of a finacial crisis. I just got of the army in Korea and have like no idea in life. I have some money saved from the army , which is not much, and I don't know what to do with it. Some people are telline me to invest with it, but some people are telling me it's too risk or little of money to invest with. I know some of guys are probably busy or having the same problem with life and finace. But I'm pretty sure some of you have a success in life which you could share. I would highly appreciate your help.

2007-01-28 00:47:13 · 5 answers · asked by joo80daddy 1 in Personal Finance

Sorry, the question is pretty vague. I primarily work one job, in 2006 I took on a new job just to make a few extra bucks, I worked there for two hours then quit. After Social Security and Medicare were deducted, I made a total of 13.85 on the one paycheck I earned from them. No Federal or State taxes were deducted from my check.

The question is, do I need to report this income to the IRS? I need to file a tax return NOW and I'm tired of waiting for this W-2 to come in the mail. I have to file quickly because I am starting school and need to file a FAFSA.

2007-01-28 00:47:06 · 6 answers · asked by Thomas W 1 in United States

i thought that it might be a job i might like to do when im older

2007-01-28 00:45:44 · 5 answers · asked by smile please 3 in Careers & Employment

my daughters partner died about a year ago now since then she and her son my grandson have been living with us at home i am in rented /private housing.Now if she gave up her house and told the dhss and council she now lives with mum and dad, would we then be eligable to be put on the housing list as we now have a dependant{5yr] old or would it not be classed as our dependant, and would she loose all or part of her benifits/ also woul my tax no change as i am brining up a child again???thankyou in advance.

2007-01-28 00:40:19 · 3 answers · asked by tom9437 2 in United Kingdom

2007-01-28 00:40:14 · 7 answers · asked by cdbox 1 in Renting & Real Estate

This loan is really advanced "salary". The company does not give salaries but employees depend on commissions. The employer extends advanced salary to all employees. Once they earn commission, the advanced salary will be deducted from this commission earned. The employee has since left the company and will duly pay any outstanding amount owed. However, the employer is now demanding repayment including interest which was never stated in the contract.

2007-01-28 00:33:51 · 5 answers · asked by Dee_Soh 2 in Other - Business & Finance

i am filing taxes thru turbo tax and need to know how much i made in the year 2005 how can i obtain this info.

2007-01-28 00:32:20 · 8 answers · asked by tankibelly 1 in United States

Ok guys, I declared bankruptcy (ch.7) in October of 06, I totally forgot that 3 bills that I have filed, I started sending payments like in December, I looked on my bankruptcy filing papers and got so mad! So basically, I have been sending payments and didn't have to...what do I do now? Do I get a refund or when they send more invoices just send discharge papers to them to let them know, or call ? What to do???

2007-01-28 00:31:49 · 5 answers · asked by MadameJazzy 4 in Other - Business & Finance

I own and rented the property, without having business at all in malaysia, lets say in 2006 I colleted RM28800 from rental and pay the property agent for RM3200 for commision. How much Tax I should pay?

2007-01-28 00:21:15 · 3 answers · asked by sudarsonoliyis 2 in Renting & Real Estate

We are moving in around february 7. Are we going to pay the month of march or april.

2007-01-28 00:16:06 · 9 answers · asked by dmastre411 1 in Renting & Real Estate

An employer is charging interest on money loaned to the employee without prior mutual agreement. But employer is now demanding for repayment including interest. Is this legal?

2007-01-28 00:15:01 · 5 answers · asked by Dee_Soh 2 in Other - Business & Finance

... who he trusts and happens to have the right amount of dosh? or does he have to invite tenders for the purchase of the business in order to be seen to be conducting business in a competitive way. Will he fall foul of Compulsory Competitive Tendering regulations or the Monopolies and Mergers Commission?

2007-01-28 00:13:49 · 9 answers · asked by anabelezenith 3 in Small Business

An employer's accountant made a mistake and had in error overpaid commission to the staff years ago. Is it ethtical, fair, legal to demand for a refund?

2007-01-28 00:11:07 · 7 answers · asked by Dee_Soh 2 in Other - Business & Finance

What's a nice,polite way to stop this ? Without being bossy to them, even though they try to do it to me. ?

2007-01-28 00:08:58 · 9 answers · asked by Anonymous in Careers & Employment

i'm thinking of applying at asda supermarket in kent, do you know how much they are paying per hour?

2007-01-28 00:03:11 · 5 answers · asked by Anonymous in Careers & Employment