Business & Finance - 13 December 2007

I switched jobs this yr and made only a small amount this yr compared to other yrs. It will be around 20 thousand. I have two kids and I am married filing jointly. I have been claiming 9 since June of this yr so not much has come out in taxes. I have always gotten back a refund in the past making almost 3 times as much as this yr. I will obviously be elligible for the EIC this yr but since I have not paid in much for taxes will I get back anything. I also have mortgage interest that I can deduct, do I get to do that along with the EIC or can I only do one or the other? I am kinda worried I might have to pay in even though that seems unlikely since I made so little and have 2 kids. Does anyone know what I might expect when tax time rolls around?

2007-12-13 04:45:47 · 5 answers · asked by pat m 1 in United States

2007-12-13 04:44:54 · 7 answers · asked by Anonymous in United States

When should I refinance?

2007-12-13 04:44:14 · 3 answers · asked by Anonymous in Personal Finance

I have a Realtor that showed me 3 properties but we have not signed any binding contract stating he is my agent. But I found properties online on my own and want to look at them. Do i have to take my Realtor with me? Technically I found the property on my own, so why should my Realtor get paid from it? Any ideas

2007-12-13 04:44:01 · 5 answers · asked by solongo 2 in Renting & Real Estate

I am currently employed full time in NY but want to move to GA. Most jobs in technical field are contract positions. If I become unemployed in GA will I be eligible for unemployment benifits.

2007-12-13 04:43:40 · 4 answers · asked by Anonymous in Insurance

I am expecting to get around $1000 for my Christmas bonus.

I have two credit cards and a care credit card. One of the cards has a $200 balance and I have never not paid the balance in full when due. The other card has a $400 balance with 0% APR until July. The Care Credit Card has a $400 balance with interest deferred until February.

My car payment is $68, but I usually pay $75-100. I still owe $850 on my car. My car insurance premium (which is renewed in January) with full coverage will be $950 for 6 months. If I were to pay off my car and lower my coverage to liability it would be $450 for 6 months. I could then take the extra money and save it.

I know that if I have the bonus sitting in the bank I will just want to spend the money. However, if I were to pay off my car and save a little at a time I would be less likely to do so. I was thinking of opening a money market account to save the money a little along.

Which do I do, pay off my cards or pay of my car?

2007-12-13 04:43:12 · 3 answers · asked by samide2001 2 in Personal Finance

Im just wondering if it makes sense to do that since im basically borrowing from my own money..

2007-12-13 04:41:09 · 5 answers · asked by kakeydec 4 in Personal Finance

please! help!

2007-12-13 04:37:17 · 2 answers · asked by Golden Butterfly Goddess 2 in United States

credit, in the long run if you put them on your credit cards?
if so,
and when is the right time to do it

2007-12-13 04:30:08 · 8 answers · asked by girl19 1 in Personal Finance

Article 1 section 9 of the US Constitution was modified by Article 16, passed on July 2nd 1909 and ratified February 3rd 1913, this allows Congress to lay Taxes on income(income Tax). My question is: Is it illegal in any way not to complete IRS Form W4 and the subsequent IRS Form 1040? If these forms are legally required what are the article numbers or code numbers to accompany such laws? What would happen to withholdings from pay periods if form W4 were not completed?
Thank you in advance.

2007-12-13 04:25:08 · 5 answers · asked by ireland 2 in United States

What are the odds of being able to refinance that thing at another good rate?

2007-12-13 04:23:24 · 3 answers · asked by Anonymous in Renting & Real Estate

2007-12-13 04:22:43 · 5 answers · asked by crybaby5562 1 in Other - Taxes

I will be applying at Starbucks within the next few days. I am a working professional, and am looking a for part-time job. I really want to work at Starbucks because I think it would be fun. I live in a small town, so I know the competetion will be tough. I am hoping to work the very early morning shift on saturday and sunday.

2007-12-13 04:22:29 · 16 answers · asked by Angie W 2 in Other - Careers & Employment

which would you pick to hire of the two someone with a degree or someone with years of experience

2007-12-13 04:20:53 · 19 answers · asked by Anonymous in Other - Careers & Employment

2007-12-13 04:20:37 · 16 answers · asked by Anonymous in Personal Finance

does anyone know how i can send money to my dad in illinois because i have a bank account its a checking and savings account but i dont have a debit card yet mailed because it takes seven days. so is there any company that you guys know of that i can use to send money online to my dad with my checking account. like i said i havent received my debit ir checks yet so i only have my routing and account number.

2007-12-13 04:20:27 · 4 answers · asked by lady love 1 in Personal Finance

When I bought my home I took advantage of a first time homebuyer's program. Part of the deal was a silent (no payments to be made until end of loan) 2nd mortgage for $25,000 at 5%. Another silent 3rd mortgage of $10,500 at 3% was part of the deal.

So here's my question. I've been paying the accumulated interest every year on the 5% silent mortgage, because I get an immediate tax deduction, and it's essentially the same as investing that money at 5% with no tax due later.

But what about the 3% loan? Is it financially a wise decision to pay the interest down on that one too? Yes, I get an immediate tax deduction, but from then on it's like investing at 3%, which I can do much better then even in an online savings account

2007-12-13 04:19:13 · 5 answers · asked by Uncle Pennybags 7 in United States

I'm currently zone manager over a useless piece of s***. This is not some YA clown venting, I'm serious.

I think I can get him fired with a numbers-based presentation alone, but I want more help. Please. And do star, if you find it thought-provoking, please =)

2007-12-13 04:16:15 · 6 answers · asked by Anonymous in Other - Careers & Employment

I used a real estate agent to find a new apartment. I am about to sign the lease and pay the broker's fee to her, but she requested that it be in cash only. She said it's office policy because it's easier to split commission that way. I found this a little strange, but I've never used an agent before, so maybe it's normal? She did say she would give me a receipt, but I still wanted to get feedback from other people before just handing her a bunch of cash.

2007-12-13 04:15:59 · 13 answers · asked by J 1 in Renting & Real Estate

Ok, so I'm preparing my documents for the upcoming tax season and I noticed that on last year's return, although the preparer entered the amount that I paid in mortgage interest, I didn't get a credit for it. Does anyone know why? I remember last year, she explained something about having "too many credits". Is it possible to do an amendment and get the credit this go round?

2007-12-13 04:15:07 · 7 answers · asked by Anonymous in United States

2007-12-13 04:10:39 · 6 answers · asked by Navneet B 1 in Investing

2007-12-13 04:08:58 · 6 answers · asked by Ryan M 1 in United States

Who would you consult if you were having Irs problems?
Still in examination process but uncomfortable....
Have an accountant but ot sure if he is able to handle this.
cpa, tax attorney, a tax service like Effectur? Is it a mistake to use someone out of your state?

2007-12-13 04:05:33 · 3 answers · asked by dragonness36 2 in United States

would you hate to show your face in there again?

Especially if it was your favorite store.

2007-12-13 04:05:24 · 4 answers · asked by . 4 in Other - Careers & Employment

I'll be making $100K this year through my business and want to minimize taxes. Is it legal to turn my sole proprietorship into an unincorporated partnership with my brother, so we both make $50K? Can my brother then give me his $50K (less taxes he paid on it of course)?

2007-12-13 03:57:11 · 3 answers · asked by Anonymous in Other - Taxes

i have 2 credit cards that i got when i refinanced my car. my credit history is pretty new. only 11 months. i accepted those 2 credit cards because by that time i was in the middle of some finantial issues and basically i got them as a "in case of emergency" cards. i only used one and i paid it off recently. Both have ZERO balance. I have another 4 credit cards which i use frequently and i take good care of the payments: always on time and not using more than the 40% of the credit limit

2007-12-13 03:55:45 · 4 answers · asked by Anonymous in Credit

My husband loses his tax return because of a small college loan that is defaulted. If I file married filing seperate, will it keep them from taking my return?

2007-12-13 03:54:31 · 6 answers · asked by divina_jodi 1 in United States

I'm trying to find out which one will have a better resale value after 2-3 years.

2007-12-13 03:52:48 · 6 answers · asked by Anonymous in Renting & Real Estate

2007-12-13 03:52:24 · 3 answers · asked by Yanti M 1 in Food Service

My father recently passed away. He left my sister and I the house and farm land that our 93 year old grandmother lives in. The house and farm land was appraised at $73,500. There is a mortgage against the property still for $20,500. We are not in a financial position to keep the land and house or to buy the other one out.
According to my father's will we have to offer to sell it to one of his brothers or sisters no more than the appraisal value. In the event that they do not want the property then we cannot sell it until my grandmother passes away.
My aunt and uncle made an offer of $60,000. If my sister and I take the offer will we have to pay taxes on the money we receive ($39,500 after we pay the mortgage off)? I have never been through something like this and I need some advice.

2007-12-13 03:50:20 · 4 answers · asked by Megan H 1 in United States