Taxes - August 2006

Assume that a person wants to live just outside the Connecticut state line in New York state but commute into Connecticut for work.

2006-08-20 05:32:44 · 4 answers · asked by wgoulart 1 in United States

Do I need to report it as income.

2006-08-20 03:40:20 · 5 answers · asked by Randy 3 in United States

How can you get this credit, and does it really effect the amount you receive?

2006-08-20 03:38:31 · 3 answers · asked by noggle4 2 in United States

2006-08-20 03:20:59 · 4 answers · asked by studentdude 1 in United States

2006-08-20 01:59:06 · 1 answers · asked by mindeeathome 2 in United States

2006-08-20 01:42:56 · 8 answers · asked by Anthony S 1 in United States

2006-08-19 21:50:43 · 4 answers · asked by jindp1 1 in United States

2006-08-19 18:03:46 · 12 answers · asked by David O 1 in United States

My brother has received a large check from participation in those scams where a foreigner pays you 10% of every payment to collect their payments, cash them, and wire them the rest of the money. The check is real, as are the funds. The only thing is, is that if he sends off the money, he will be commiting money laundering and he can't get rid of it now because it's already in his account. Could he keep it as long as he records it on his tax forms and pays the taxes on it? If he did that, would he still get in trouble by the IRS? Will he have to prove where it came from? What will happen?

2006-08-19 17:45:11 · 7 answers · asked by Anonymous in United States

Is this true. I am 27, and single, I did not make much last year because I was disabled from a car accident. I was not even able to collect disability, the insurance company did not pay out. I had to live off my savings. So I only made money last year for about 6 months, do I still have to do my taxes? If yes, or no, how much must I have made that makes me file taxes, and how much is it to not file taxes? Also, do I have to claim the interest I paid on my home, or is that up to me, and benefits me if I want to use it right?

2006-08-19 17:03:36 · 15 answers · asked by Tracy L 1 in United States

I own 2 homes, however, I rent them. I was disabled last year from a car accident for say 6 months, and made nothing, so my income was super low for only 6 months. I do have tenants that rent from me, both homes, and I don't make a penny off of it except to pay the mortgage. I know I can use the interest paid as a deduction, and that is to my benefit, but do you have to? I don't know what to do, if I do use it, then it looks like I paid that mortgage out of my pocket for the year and I did not make enough to even pay that mortgage, so how should I go about doing my taxes? Say I made something little and claim the average allowed deduction, or say I made something, and claim my huge interest deduction wihch will make it look like I made enough to pay that mortgage which I never did. My question is, do I have to claim the interest as a deduction, or can I leave it, since it only benefits me, and not the governement.

2006-08-19 16:56:32 · 11 answers · asked by Tracy L 1 in United States

I'm in Canada.

2006-08-19 15:11:14 · 8 answers · asked by Anonymous in Canada

i want the answer with refrence to fling the return by the sucessors when the individual died insteate ( without will ) what will be tax treatment?

2006-08-19 14:56:24 · 8 answers · asked by anantojha 1 in India

this is cocerning taxes of a restaurant closed 5 years ago

2006-08-19 13:52:56 · 4 answers · asked by william m 1 in United States

What do you do to make sure that you are keeping the money legally? For example, do you file it on your taxes, and if you do, are you required to show proof of where it came from or could it just be filed as an asset? What else might you need to do?

2006-08-19 13:44:24 · 6 answers · asked by Anonymous in United States

Lets say I write 5,000 off? Anyone know how to calculate?

2006-08-19 10:56:14 · 4 answers · asked by Anonymous in United States

2006-08-19 08:31:52 · 3 answers · asked by Jorge M 1 in United States

2006-08-19 07:41:01 · 15 answers · asked by Anonymous in United Kingdom

and NHAI

2006-08-19 06:32:49 · 2 answers · asked by Ambika S 1 in India

I have Turbo Tax Deluxe 2001 and Turbo Tax Deluxe 2002, don't ask why. I don't know anything about them so i don't know if the 2001 version has something the 2002 version doesn't or it has something better. Is there any point of keeping the 2001 version?

I'm not gonna be purchasing any other tax software anytime in the future so if i were to do taxes w/ tax software, should i even use any of them? (seeing as how they're 4-5 years old)

2006-08-19 05:04:57 · 7 answers · asked by Anonymous in United States

I claimed to winning tickets for $1,000 each twice in a yr. for the same person. After the first one I called my tax place and inquired about taxes. She said that I probably wouldn't have to pay anything because amounts like that, it is assumed you have spent that much on losing tickets. I don't know if the 2nd 1,000 made the difference or not but I am now being taxed on them both and owe 360. Can this amount be legally transferred to the rightful owner of the winnings? possibly signing something or getting something noterized?

2006-08-19 04:53:29 · 5 answers · asked by Ava 1 in United States

Every time I go make a deposit at the bank I can't stop thinking about all the money i will owe in taxes next year. This honestly worries me although I am very happy that business is going well. I don't pay taxes every three months because I didn't expect business to go so well, but thats definately what I'm doing next year. I was just wondering if there's anyone out there that feels like me.

2006-08-19 04:21:59 · 11 answers · asked by Anonymous in United States

we don't qualify for earned income credit. I am thinking it will just be like 600

2006-08-19 04:16:28 · 6 answers · asked by Rachel☺ 5 in United States

Does the IRS work with you with this.

2006-08-19 04:02:45 · 5 answers · asked by niceguy 2 in United States

2006-08-19 03:19:41 · 10 answers · asked by Rachel☺ 5 in United States

I will be working for a company that will not be taking any taxes out of my pay. I was wondering what is the percentage of my pay I should put aside to pay the IRS with? I live in NYS.

2006-08-19 03:12:45 · 7 answers · asked by misymagicg 2 in United States

2006-08-18 22:06:45 · 3 answers · asked by kenneth d 2 in United States

2006-08-18 17:53:38 · 5 answers · asked by Anonymous in United States

The friendly lawyers in a classaction lawsuit tell me I'm entitled to some cashola (over $1k) because an Internet dot-bomb company settled the class action. Woohoo! But the rub is...I purchased and sold the shares in my contributory IRA. So when I get my check from those greedy theivin' dot-commers - am I free to take spend it as I see fit? Or do I have to put it in my IRA and lock it away until old and grey?

2006-08-18 15:58:01 · 3 answers · asked by HomeSweetSiliconValley 4 in United States

2006-08-18 15:50:17 · 3 answers · asked by lexhome05 2 in United States