Business & Finance - 18 December 2007

I am finishing up my preliminary taxes for 2007. My wife has been unemployed most of the year, and thus our AGI is about half of what it was in 2006. In addition, our itemized deductions are extremely high relative to our income as a result. Our itemized deductions simply consist of our mortgage interest, property taxes and a home equity of line of credit. This should not trigger an audit, should it? Regardless of our employment status we have to pay the taxes & interest.

One can easily look at the return and see my wife was out of work for most of the year (unemployment compensation, then a job which pays about 40% of what she made the last year she worked.).

Thanks in advance for your advice.

2007-12-18 17:41:00 · 4 answers · asked by Guyame 1 in United States

oh and how about california to rhode island?

2007-12-18 17:28:36 · 4 answers · asked by Eurasia 1 in Other - Business & Finance

I do some computer work on the side, and I was nicely informed after 3 years that I needed to close and what I was doing was a hobby - since I claimed too many losses. Now I am asked to fill out a W-9 by someone I'm working for. Should I panic? What should I do... I can just give them my SS#.... The form is confusing.

Thanks.

2007-12-18 17:24:02 · 1 answers · asked by Mr. J 5 in Personal Finance

I was recently told that you can literally "give back" your Social Security Number. That, with all of the problems in the government and the management of our Social Security, someone can actually elect to opt out of the Social Security program and cash out whatever contribution they've made so far. I know the identity, medical care, license, work, and housing problems associated with not having one. I'm curious though, about the actual legality of it.

Can you really give it back if you are willing to put up with the inconvenience? Could you earn more if you were to invest that money yourself, with the shape that the Social Security Program is in? Is that a financially wise move to make? Is it even technically, legally possible?

2007-12-18 17:10:01 · 11 answers · asked by wsdmskr825 2 in Personal Finance

A business owner was paid over 12k to repair my Harley Davidson motorcycle. It has been over a year now. My Harley is still not done - lots of items left to purchase and install to this day. The owner does not have any assets - The repair is slow and no sure if it will ever be resolved. The Harley has a lean through Harley Finance. Do not know what to do?

2007-12-18 17:08:19 · 2 answers · asked by Kirk 1 in Other - Business & Finance

My hubby and I (not legally married) are spiralling towards being in debt. We both have good jobs and up until 2 months ago had everything on a great payment schedule - problem is that back in Nov he was in an accident and was out of work for a month. The "credit protection" company that was charging him all these months refused to help because the could not prove that him being out of work was thru no fault of his own. Either way it is now Dec and we want to start the new year off on the right foot. How do we go about paying down our debt WITHOUT involving one of those debt specialists? Ive read that the most effective way is to you it yourself but where do I begin? Id appreciate and FREE refrences, ideas and suggestions.

Thank you in advance.

Dont know if its relevant but we are about $8 to $10,000 in debt and now just a little over 30 days past due.

2007-12-18 17:03:10 · 5 answers · asked by Anonymous in Credit

i dont need to make 2000 a week.im talking at least 300 a week so i can rent an apartment.nothing ridiculous, just some extra income.anyone done this??

2007-12-18 16:44:54 · 4 answers · asked by RANDIE L..G. 2 in Personal Finance

I recently made a purchase on Ebay for 540.00 dollars. I used Paypal to make my payment but the seller stiffed me. Paypal will investgate the case but most of the time you never get your full amount of money back. I bought the item for and Xmas gift and now I am out 540.00. Can you take legal action against a seller? he is out of state BTW.

2007-12-18 16:42:24 · 7 answers · asked by BigDaddy 4 in Personal Finance

Children these days think they need to live the lifestyle of their parents without working for it. They think it should be given to them. Well some do. Not all.

2007-12-18 16:31:25 · 8 answers · asked by LucyLucy 2 in Personal Finance

Someone please tell me what the catch is in buying bank owned/foreclosed/probate homes. I went to Trulia.com and ran a search:

http://www.trulia.com/for_sale/North_Hollywood,CA/price;a_sort/

It returned tons of property with a listing price of basically nothing. How come everyone doesn't buy these deals real quick?


Thanks

2007-12-18 16:26:03 · 5 answers · asked by Jake K 2 in Renting & Real Estate

2007-12-18 16:25:39 · 3 answers · asked by bpiegari 1 in Other - Taxes

I placed a bid on a house that is on short sale. The countered me with wanting me to agree to get an appraisal on the house in the next 5 days. Why would I do that if the bank hasn't even approved the sale? Why would they ask for this? Usually the appraisal is done after the offer has been accepted, any reasons why they want be to do it even before they submit the paperwork to the bank?

2007-12-18 16:14:11 · 7 answers · asked by hotgirl_rightgirl00 5 in Renting & Real Estate

as long as you don't file, you haven't broken any laws. once you file, you enter into an agreement to pay. the US supreme court ruled in 1991 that our labor was our personal property and we exchange it equally in exchange for pay. the 16th amendment recquires only those who "profit or gains" to be taxed. the vast majority of americans aren't recquire to pay income taxes. they outlawed slavery in 1864.

this is why the irs threaten so hard and then simply settle out of court. THEY DON'T WANT IT TO GO TO COURT because they will lose in court. the supreme court has already set precedence.

2007-12-18 16:11:52 · 18 answers · asked by cool_hand_luke613 2 in United States

2007-12-18 16:06:54 · 2 answers · asked by sunshining_day 1 in Other - Business & Finance

I work in local government, and since being employed my duties have changed significantly and are of a higher level and I feel that I am justified in asking to have my job re-graded from level 2 to 3.

There is currently a hiring freeze due to budget cuts throughout the department, but would this be an appropriate reason for my employers to refuse my re-grading request?

I have also been asked to undertake a major project that is currently done by a higher graded individual. Should I wait until I am doing the work, to ask for a re-grading, or ask prior to starting the work?

Does anyone have any relevant experience to share that can assist me?

2007-12-18 16:04:04 · 1 answers · asked by concerned neighbor 5 in Government & Non-Profit

2007-12-18 16:04:04 · 7 answers · asked by walterap@sbcglobal.net 1 in Credit

These people called me and said they saw my resume on hotjobs and wants to schedule an interview(never heard of them). I was kinda iffy about that because my resume thats posted on hotjobs is for administrative assistance/clerical not sales(?). I have no sales experience whatsoever and these people have sent countless emails and have contacted me 3 times already to remind me about my interview tomorrow. After reading a lot of other questions about this company on answers, everything is really summing up my suspensions. Why are they so eager to interview someone who didn't apply for the job and doesn't have sales experience? Is this one of those companies that sounds good, but once you get the job, you find out its sorta like a scam? Is it strictly commission only?

2007-12-18 15:59:24 · 2 answers · asked by cutiepy983 4 in Marketing & Sales

Okay, so I am in housing that is sort of like government housing (for people on low incomes etc) and I am already in about 100 dollars of arrears that I have been paying off, but this forntnight I didnt pay rent, I would of if I could of but I liturally could not, im just wondering am I just going to get booted out or if I come to some sort of arrangement to pay it off would that work? I am in australia if that helps with answers.
Any answers would be great, thanks!

2007-12-18 15:57:17 · 6 answers · asked by honeychild_star 3 in Renting & Real Estate

Is every company selling title insurance in Virginia legally bound to pass through rates as dictated by the state, or does rate premium depend upon particular insuer?

2007-12-18 15:54:17 · 3 answers · asked by Michael 2 in Renting & Real Estate

2007-12-18 15:53:51 · 1 answers · asked by Aamir K 1 in Other - Business & Finance

They are retired and receiving medicare/medicaid benefits. Will claiming them as dependents affect their benefits in any way, such as reduction in benefits, higher out-of-pocket expenses, etc.

2007-12-18 15:42:49 · 4 answers · asked by Anonymous in United States

I am now in real estate school and I want to know what I have to look forward to. Once I get started with an agency full time, how long will it take to see my first commission?

2007-12-18 15:32:59 · 7 answers · asked by Melissa T 3 in Renting & Real Estate

he has my trust fund, we are wating for the final accounting to get done, (was sposed to be done last month but it wasn't now he has till the 21 of this month, or he'll be called to court, well i just got my bank statement, and i am missing forty thousand dollars just from november 10 till december 11, i honestly believe he has used my money illegally (he raised me after my parents were killed) now i love him, and want nothing more than to have a good relationship with him, but he said some really low things in court, and then i gave him a hug and said i love you and he never said or hugged me back, now i am missing this money, what should i do, i called court but they cant do anything till he files. i am sick of what he is doing, and i dont have any money (looking for a job but haven't found one yet) also please dont say he has becoe independent on it, because i kinda believe he has, but if he needed the money, he could have asked, we dont have any, but he doesn't help anyone at all

2007-12-18 15:32:54 · 2 answers · asked by tiffany w 3 in Other - Business & Finance

i had the credit cards since i was 18. I'm interested in buying a car. My credit score is 720. What are my chances of going to a dealership and coming out with a car.

2007-12-18 15:31:42 · 8 answers · asked by Mr Scott 1 in Credit

My husband got a credit card in 2003 in his name and put his mothers ssn on it but she did not sign anything
CAN SHE BE LIABLE TO PAY FOR IT IF THEY DONOT HAVE HER SIGNITURE???can they take her to court and garnish her wadges with no signiture??

2007-12-18 15:29:25 · 3 answers · asked by Anonymous in Credit

An order at a special price that is accepted will increase income if the revenue received exceeds the

a) variable manufacturing, selling, and adminstrative costs assoicated with the order.
b) variable manufacturing costs assoicated with the order.
c) fixed and variable costs associated with the order.
d) incremental costs assoicated with the order.

2007-12-18 15:23:10 · 2 answers · asked by Roberto 1 in Other - Business & Finance

where is it written in law that we have to pay a federal income tax? and what does it state?

2007-12-18 15:19:34 · 8 answers · asked by cool_hand_luke613 2 in United States

The house/villa will be worth around £400,000 ($800,000), and is fully yours to use as you please for 25 years, but it won't be yours to sell.

It has to be located in a foreign country... different to the one you live in. The lottery company arranging the prize will choose one of their premium properties in any country/resort of your choice.

Which country would you choose?
And which country do you live in now?

2007-12-18 15:17:45 · 15 answers · asked by Joe Bloggs 4 in Renting & Real Estate

I am a really good and fast proofreader. I want to use this ability to make some extra money on the side since I'm going to graduate school and need all the funds I can get. What's the best way to look for gigs?

2007-12-18 15:14:36 · 1 answers · asked by Anonymous in Other - Careers & Employment

I just asked some questions if I should leave my current job for a video store. About 99% (including me) say I should make the change.

I was looking at the application and I have two areas that I need some advice first.

First, is says are you currently employed? Yes, I am, at Taco Bell. I'm not a big fan of it and want to change. But the part I'm concerned about is "Can we Contact Your Current Employer?"

I want to say no, just in case I don't get the vid store job, taco bell wont be mad. But if I check no, will this hurt my chances?

And two, they ask if I would be "willing to relocate?" I again want to say no (I'm only 16), but really want this job.

So what should I do for these two sections of the application?

By the way, in the Two Weeks Notice I give taco Bell if I get hired, I'm gonna say I have to quit due to school or a spring sport (so if I don't like the new job, I could come back).

2007-12-18 15:13:41 · 5 answers · asked by DaClint 5 in Food Service