Business & Finance - 12 December 2007

I own a small painting business (my only source of income). I have about 60% of my customers who refuse to pay tax so they give me cash instead. I know this is wrong, but I don't want to loose my customers. What happens when I go to file my taxes (state and federal), and it shows as under $10,000 income for my entire family for the entire year?? I live in the same house as my family, so they pay most of the bills. (another story). Do I still have to file my income taxes as usual, and will I be putting up a red flag for lack of income?? I am loosing sleep over worring about this. Thanks for your time.

2007-12-12 01:04:07 · 6 answers · asked by Jill S 5 in Small Business

I live in an apt complex that has been being renovated since the beginning of summer! They are remodeling the unit below us and the banging, drilling, etc, always started at 8am. For the past several days, I have noticed they are working earlier. Yesterday, around 7:45 and today 7:30. My son is still sleeping(little sweetheart),but I know he will be up soon because of the noise. Isn't there some kind of law that says construction shouldn't begin til 8am? I feel they are pushing their luck, and I'm getting mad about this.
Oh, what do you know? My son's up.
Please help. Thanks.

2007-12-12 01:02:34 · 5 answers · asked by karly 4 in Renting & Real Estate

uh, i am a little confused ...On my W- 4 should i put 1 for question A and B

I am single , and eventhough i i live with my parents and my one brother , I dn't know if they claim me as dependent ??

i am 25 years old ( yeah i should move out , i know , and Thats the reason why i got this job )

What should I write down ?

2007-12-12 00:57:38 · 5 answers · asked by Anonymous in United States

I have called the IRS and the Dept of Revenue for the state. Neither of them know what I am talkng about. I also called the business license department and they dont know either.

I thought that you needed a retail license or a exemption certificate to resell wholesale goods. I have searched online and cannot find this form for Alaska. It is on the internet for other states that don't sell wholesale....such as SD.

2007-12-12 00:54:16 · 1 answers · asked by Dez 2 in United States

What's the catch is it really that cheap? How can I go about buying one? Do regular realty companies help? I see some houses listed at like 20,000 for a 3 bed 2 bath home... Is it for real? Any websites or realtors you know of I can talk more to about this because I will save up 20,000 and then buy a house flat out if that's the real truth.... Please All Info you can provide real facts and sources to back it up. Thanks

2007-12-12 00:50:22 · 12 answers · asked by kit-kat 2 in Renting & Real Estate

2007-12-12 00:47:14 · 6 answers · asked by Anonymous in Law & Legal

Hi I was looking for a Nintendo Wii and found someone who lives about 100 miles away from me I asked if he could post and he said he could once I have paid in full via moneygram. Is this safe I don't know this person is there any protection if I don't get the item

2007-12-12 00:46:35 · 6 answers · asked by bex4adz 2 in Personal Finance

i have a newborn and also i sister that am claiming this year and am new at this. help

2007-12-12 00:46:06 · 6 answers · asked by mickeydr 1 in Other - Taxes

2007-12-12 00:36:53 · 4 answers · asked by d435659t 1 in Personal Finance

I recently was trying to purchase a car, using a money order. Now i changed my mind and I want my money back. Can i get my money order back and take it to my bank and deposit it back into my account?

2007-12-12 00:36:37 · 3 answers · asked by nICOLE C 1 in Personal Finance

2007-12-12 00:30:37 · 4 answers · asked by miran 1 in Personal Finance

2007-12-12 00:29:43 · 22 answers · asked by rocky r 1 in Other - Business & Finance

I am a stay at home mom, and I have an extra $75 a month I'd like to invest/ Actually, as long as the money is working and making money, I don't care if it's invested or where it is- as long as I get a return on it.
I live in Ontario, Canada. I'm interested in stocks, bonds, mutual funds, etc, BUT I don't know much about them. If I do invest, I'd like the investments to be ethical, environmentally investments. I was putting $ into a savings account every month, but then my bank manager told me it makes barely any intrest unless I have $5000 in there (yeah right!)...
I cannot afford to pay a broker or a financial advisor, and I'd like to invest thru my bank (CIBC).
If you can give me some pointers, I'd really appreciate it. As I said, I'd like to make the most money I can with only $75 a month. Thanks!!

2007-12-12 00:27:53 · 6 answers · asked by melaniecampbell 3 in Investing

As of todate, why is my delinquent loaned amount not yet updated or erased in the system of sss?

2007-12-12 00:22:40 · 2 answers · asked by vince019301 1 in Personal Finance

The adjusted account balances of the far away firtness center at dec 31, 2006 are as follows:

ACCOUNT ADJUSTED TRAIL BAL.
Cash Db 10,000
Accounts Receivable, Db 26,000
Supplies Db 5,000
Prepaid Insurance Db 7,000
Land Db 20,000
Building Db 210,000
Accm. Depr., Building Cr 95,000
Equipment Db 60,000
Accm. Depr., Equip. Cr 25,000
Patents Db 12,000
Accounts Payable Cr 5,000
Wages Payable Cr 4,000
Notes payable Cr 15,000
far-away, capital Cr 190,000
far-away, drawing Db 13,000
service revenue Cr 102,000
intrest revenue Cr 13,000
utilities expense Db 10,000
salaries expense Db 32,000
supplies expense Db 12,000
insurance expense Db 3,000
depreciation expense, building Db 20,000
depreciation exp., equipment Db 9,000
totals Db 449,000 Cr449,000

Prepare end of the year General Journal closing entries for the fitness center. The fitness center made no additional owner investments during 2006 using this form:

description DR CR
Dec 31


Dec 31



Dec 31


Dec 31

2007-12-12 00:20:13 · 5 answers · asked by Anonymous in Other - Business & Finance

This will be my first year filing as an independent. I'm sure my parents will help me get through it somewhat. Are there any websites out there that list forms I should be gathering and deductions I could be making?

Just some background. I graduated college in May and I've been taking one class towards my masters online in both the summer and fall. Can I deduct any of my college expenses from this year? If so how much? Since my grad school is online could a percentage of my Comcast bill be deducted?

Just trying to figure all of this out for the first time

Thanks in advance

2007-12-12 00:14:51 · 4 answers · asked by Anonymous in United States

2007-12-12 00:13:02 · 4 answers · asked by Menehune 7 in Other - Careers & Employment

We received an offer on our house Monday night. The asking price is $124,900 and the offer was for $116,000 with $3000 closing costs. We countered $123,900 with $3000, which is what our realtor recommended. The prospective buyer countered $117,000 with $2000 back and said it was a final offer. We countered that with $119,900 with $2000 back which is actually lower than we should even go financially. So, what are our chances of having the offer accepted?

Additional info:

Our house has been listed with a realtor for 4-5 weeks. We have had steady showings (1-2 per week) since it has been up. Each realtor has said that ours is the best house for the price. Two friends have sold houses in the past two months in our neighborhood. One was asking $127,900 and received $125,000 with no money back (sold in six days). The other was asking $141,900 (a little bigger, all brick) and received $135,900 with no money back.

Thanks!

2007-12-12 00:03:32 · 6 answers · asked by Anonymous in Renting & Real Estate