Taxes - August 2006

Any tax attornies out there? I haven't filed taxes in five years. I think I owe about $25,000. Whats the best course of action? Can I negotiate it down? I had a nervous breakdown about 2 years ago and gave about $30,000 away to the homeless (the actual homeless, not documented homeless charities). Unfortunately that was the money I had planned to pay the IRS with. I'm trying to rebuild my life and I'm afraid to go to the IRS on my own. Any suggestions?

2006-08-18 15:44:41 · 9 answers · asked by Bill D 1 in United States

OK I just moved to the U.S. to be with my wife & daughter and I have NO idea what so ever about taxes etc..

I recently started a new job (my first in the U.S.) and my co-workers recommended I have3 Exemptions/Allowances.
I got my first paycheck today and the amount the taxed me doesn't look right....from $514.50, they only took out $17.03.

I'm married with 1 child, my wife does not work right now....how many exemptions/allowances should I have as I do not want to owe the govt. money at the end of the tax year??!!??

Thanks.

2006-08-18 15:30:53 · 11 answers · asked by RabbleRabbleRabbleRabbleRabble 2 in United States

2006-08-18 13:21:28 · 3 answers · asked by Fraustina W 1 in United States

I could take the money with me when I fly to Pakistan, but a) it's a bit risky travelling with such a large amount of money. Secondly, if I were to take 30,000 GBP with me through the Airport here in Britain would I gest stopped? Or is there some law saying how much you can take out of the country when you fly? How can I find out the rules regarding this?

2006-08-18 12:12:22 · 12 answers · asked by yasir k 2 in United Kingdom

My brother-in-law just leased some land. Is the money he paid for that land tax deductible?

2006-08-18 11:57:38 · 7 answers · asked by norma taylor 1 in United States

I am trying to figure out a retirnment queastion.

2006-08-18 11:54:47 · 6 answers · asked by hydroco 3 in United States

2006-08-18 11:47:07 · 4 answers · asked by SCOTT T 1 in United States

Discuss the following flaws:

The implementation of a national sales tax means retaxed already taxed dollars. So, if I have been investing my after tax dollars for the last 25 years, as soon as a national sales tax is incorporated I am going to have to pay tax all over again?

A prebate? This will only cause more people to be dependent on receiving money from the government. Yikes!

There are many other flaws, but these 2 seem the mos glaring. I know there are benefits, but don't tell me any of those benefits out weight the flaw of being taxed twice! Let's hear it pro fair tax people, how do you address the flaws?

2006-08-18 11:30:09 · 7 answers · asked by Marcello 2 in United States

There are some states that grant you additional tax discounts for raising livestock or crops on land. Does Tennessee have any additional tax benefits for farm land?

2006-08-18 11:23:46 · 3 answers · asked by nicedayrus 2 in United States

I think im paying too much tax, i heard there is a website that goes through all your circumstances and allows you to make sure you are on the correct Tax Code. Is this true and if so what is it?

2006-08-18 10:36:02 · 4 answers · asked by charlotte66621442000 3 in United Kingdom

2006-08-18 10:09:14 · 10 answers · asked by Anonymous in United States

the state is MN, i need both links for federal and state, i cant find anything, help me please

2006-08-18 08:26:40 · 7 answers · asked by maish_99 1 in United States

Also the job is union, how much will they take out for that?

2006-08-18 08:04:27 · 4 answers · asked by maish_99 1 in United States

2006-08-18 06:06:21 · 2 answers · asked by Anonymous in Canada

2006-08-18 05:12:48 · 3 answers · asked by E-Daddy 1 in United States

Once I got a check for 3600 with 2480 take home. Then I got a check for 2000 with 1600 take home.

Anyone know how the taxable rate of overtime is figured. I have overtime for 40.5 hours. I can break this up over two pay periods if I would get taxed less.

Any help appreciated!

2006-08-18 04:42:47 · 5 answers · asked by gravvyboat 2 in United States

If I'm in England and one of my relative send me a gift via fedex- used bass giutar with value around $1000. What I'll need to pay in taxes when I receive the gift. How many proccents?

2006-08-18 00:10:39 · 1 answers · asked by ASK 2 in United Kingdom

I mean some of these girls can earn a fortune, so are they registered as self employed or as a limited company?

2006-08-17 23:50:23 · 22 answers · asked by Anonymous in United Kingdom

2006-08-17 23:47:02 · 13 answers · asked by vijay r 1 in India

2006-08-17 23:15:12 · 4 answers · asked by vijay r 1 in India

Just say my parents have just bought 2 homes for residential use only.. they do-not want to rent theses homes out but live in them both (One is on one side of the state to the other but they travel between both places often) They found out just recently that they are going to get hit with capitol gain for having 2 places of residents.. Umm they really are struggling with having 2 homes but don't want to sell or get hit paying $150,000 a year capital gain.
Is it possible for them to "Gift" one of the homes to me and still live in it as I would not charge rent.. then when they want It sold I sell the property and then transfer the cash back to thier account.. Is this possible?? I have not much of an understanding with tax...

2006-08-17 20:53:26 · 2 answers · asked by jodi_bel 2 in Australia

2006-08-17 20:06:15 · 3 answers · asked by vijay r 1 in India

My family lives in a foreign country and they are not US citizens. They wire money monthly to me in the US and I am a citizen. Do I have to report the money to the government? What will happen if I don't. Will they know?

2006-08-17 16:39:04 · 6 answers · asked by salute333 1 in United States

2006-08-17 15:25:46 · 5 answers · asked by Arlene B 1 in United States

2006-08-17 14:20:58 · 17 answers · asked by Anonymous in United States

besides the value of your home

2006-08-17 14:12:35 · 11 answers · asked by big bos 1 in United States

2006-08-17 13:08:25 · 6 answers · asked by ChiefNickNameadvancer 3 in Canada

2006-08-17 11:43:35 · 5 answers · asked by Anonymous in United States

I need a good tax accounting book with more information on whats deductible and not deductible.

2006-08-17 10:13:46 · 2 answers · asked by ebt 1 in United States

I'm moving to Italy in November (for a year).

2006-08-17 09:39:20 · 7 answers · asked by Anonymous in United States