Taxes - September 2006

Letter came from a collection agency from CA. We don't have any idea where our records could be from 1990 thought we only had to keep for 7 yrs. Even bank mirco only goes back 10 yrs. First we have heard that our taxes were not considered right. Collection agency says amount is substantial. We know that taxes were deducded by employer and that we filed each year. Don't know what we are getting into by calling this collection agency. Are fearful (as are most people) about calling the state of VA dept. of taxation without having records that go back 16 years.

2006-09-30 20:08:36 · 4 answers · asked by Anonymous in United States

A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.5% (before tax) by investing in preferred stock. Assume that the two investments have equal risk. What is the break-even corporate tax rate which makes the corporation indifferent between the two investments?

2006-09-30 15:48:31 · 4 answers · asked by JaimeD 1 in United States

I’m in a dispute with IRS over my 2004 taxes. Back in 2005, I carefully included all my W2s in 2004 tax return. Now problem is that I have one particular W2 form, but IRS has no record of it. Furthermore, the company that issued me that W2 is out of business now.

What should I do now? Will I be responsible for mistake in W2 form made by my employer?

2006-09-30 15:43:12 · 6 answers · asked by alex_self 2 in United States

My sister recieved a large settlement for personal injury. But I didn't know if it was taxable.

2006-09-30 15:42:32 · 3 answers · asked by deerkiller69ro 1 in United States

Sold a vacation home this summer , that's why I'm asking. I'm in Michigan. Gettum Tigers!!!!

2006-09-30 15:12:23 · 5 answers · asked by Mrs. Fuzzy Bottoms 7 in United States

2006-09-30 14:46:14 · 20 answers · asked by Anonymous in United States

2006-09-30 14:17:03 · 14 answers · asked by Anonymous in United States

if make money by gambling, but do not have a job, do you have to pay tax on the money since its your only sourse of income?

2006-09-30 10:44:38 · 9 answers · asked by mcimpotent 3 in Ireland

2006-09-30 10:08:27 · 12 answers · asked by Resolution 3 in United Kingdom

Can't believe this - I'm trying to submit my tax return. When I went to the Govt Gateway log-in page my PC apparently "remembered" my password. But I've lost it, When I get to the final page to submit the return it asks for the ID & password again, and this time my computer doesn't "remember" the password. Can I find my own passowrd in my cookies - if so how - I cannot see a file that seems to resemble the web address.

2006-09-30 09:39:00 · 2 answers · asked by Anonymous in United Kingdom

I heard it's something to do with double tax relief and unilateral tax relief ? Any relief ceilings ? More details to come.

2006-09-30 06:11:34 · 2 answers · asked by mmmporg 2 in United Kingdom

Six years ago I attempted to buy a condo, but the seller tried to void the contract and would not release my earnest money. I decided to take him to court and since then I have bought another place and moved again. We finally settled the case this year. Part of the settlement was to release the property, but since I had no interest in actually purchasing the property I immediately (same closing) sold the property to another party which was all part of the deal. I netted just under $12,000 and never took possession of the property. How will I be taxed on this money? So far I have not received any tax documentation - only a settlement statement.

2006-09-30 05:41:13 · 4 answers · asked by scotchbrandy 2 in United States

2006-09-30 05:33:08 · 5 answers · asked by Anonymous in United States

im going to stay there soon...
im staying in a hotel for 169 a night for 3 nights...and i was wondering how much that REALLY is plus the tax

2006-09-30 04:41:07 · 2 answers · asked by Anonymous in United States

Are we taxed at 6.8%?

2006-09-30 04:28:31 · 2 answers · asked by saltyboss 1 in United States

I never thought into it and my mother hasnt filed in a while becaue she says she was told not to file. I understood it then being that she was not working but now i need college stuff and they need tax info and she says she has none. I ve heard about some form that is available but i dont know what it is, and how u get around the tax thing anyway. HELP ME cuz i need applications done!!!

2006-09-30 03:42:00 · 10 answers · asked by goober 1 in United States

2006-09-30 02:26:45 · 6 answers · asked by marvinick 1 in United States

2006-09-30 02:16:12 · 7 answers · asked by Anonymous in United Kingdom

2006-09-29 23:13:08 · 11 answers · asked by Anonymous in India

2006-09-29 22:53:00 · 5 answers · asked by Shekhar 1 in India

Ok, it all started in 2004 or 2003 I think when I needed to fill out an electronic signature to finish the taxes and I never sent it in... yeah, my bad. so I dont know if they went through, and never kept track of my bank account to see the refund... then in 05 I ran into the same thing when they asked for my taxable income from the last time I filed... so it snowballed until now... and im ready to face the facts... is there anyone I can contact or any service that will pull up my history and help resolve past years so I can move on with my life!? yeah... and I need to do them this year as well but my anxiety about the whole thing has caused me to delay it, im a pretty basic person, no dependents, not married... and i should have probably gotten a refund for every year.. thank you for any help...

2006-09-29 21:54:04 · 5 answers · asked by Michael C 1 in United States

2006-09-29 21:47:49 · 5 answers · asked by Anonymous in United States

2006-09-29 18:07:27 · 2 answers · asked by Michelle M 1 in United States

2006-09-29 15:58:17 · 3 answers · asked by rwlinthewest 1 in United States

2006-09-29 12:48:47 · 7 answers · asked by Anonymous in United States

I have heard conflicting stories. The lease payments are fully deductible on sch c........or pay it off then use depreciation. Please give me some advice. I have talked with 2 different tax people.

2006-09-29 12:47:17 · 3 answers · asked by linluv2001 2 in United States

i am renting a home,my landlord wanted to sell it. i went to the bank and got approved for the amount asked. while the banks lawyer was searching the deed,he found the home was attached to by the irs..now i have to pay the lawyers fees and the appraisials fees. since finding out about the problems with the home. can the owner collect rent for the home while still owing the irs?

2006-09-29 12:05:27 · 2 answers · asked by HillBilly Angel 1 in United States

She is only 12 years of age and I paid her a total of $1560.00 last year (filed an extension - lol) for afterschool watching and school holiday watching and summer care. ($30-50 per week depending). So she paid no taxes. Is she required to file if I list it on my taxes with her SSN? Thanks for any help out there.

2006-09-29 11:28:51 · 4 answers · asked by vbennett6287 1 in United States

say you get a pay check for 300 dollars what will you actually get after taxes? idk how much taxes are cut out otherwise id do the math myself....

2006-09-29 11:05:07 · 2 answers · asked by dapoet89 2 in United States

i am getting alot of money from someone and i am wondering if i will have to pay taxes on it or if i can avoid paying taxes on it.

2006-09-29 10:46:14 · 11 answers · asked by dane 1 in United States