Taxes - September 2006

Is a natural person, as defined by Black's Canadian Legal Dictionary, working under private contract subject to the income tax act?

2006-09-01 10:48:44 · 6 answers · asked by p_rutherford2003 5 in Canada

Just wondering whether it would be better to file taxes this year as a married couple or individually. Here is some info:

We both work full time, incomes of ~70k and ~50k
no kids
we rent, so no mortage deduction
live in CA, not sure if it matters

Any finance wizards out there? What are your thoughts?

2006-09-01 09:47:03 · 11 answers · asked by Cardinal Rule 3 in United States

2006-09-01 09:35:56 · 2 answers · asked by letmepla 1 in United States

i had a car accident and my insurance paid off my totaled car($17k). i owe the car loan $22k and i paid $5000 from my pocket. for the health expenses the other car's insurance pay us $30k and the lawyer get $10k. i paid to hospital expenses at the begining $4k from my pocket and $6k goes to doctor expenses that did everything on lien and i get $14k at the end of case ( included $4k that i paid at the begining) . now for tax return what i need to do. do i need to file that? if yes then how or do i need to fill out what kind of forms?

2006-09-01 09:27:00 · 5 answers · asked by merih 1 in United States

2006-09-01 09:17:37 · 2 answers · asked by rhwestport 1 in United States

2006-09-01 06:34:13 · 7 answers · asked by Richard M 1 in United States

1. If 2 people qualify for at trust fund penalty, do they both get penalized for the full amount?
2. Do the penalties have to be paid for in after tax dollars

2006-09-01 05:13:25 · 2 answers · asked by Wes W 1 in United States

2006-09-01 04:55:48 · 5 answers · asked by nan 1 in United States

My son's girlfriend who's 19 was recently kicked out of her home by her mother. She works as a manager for a local fast food and her mother is determined to make this girl's life miserable. The girl gives her mother her pay checks to pay bills, rent and food. I told son's girlfriend that since mother kicked her out she does NOT have to support her mother any longer. However, the mother is extremely abusive and has made quite a spetacal out of herself in front of the girl's co-workers so she continues to support her mom sending her pay checks to the woman.
I made a suggestion that she either get a checking account or start giving her mother money using money orders and keeping receipts in an envelope. Then at tax season, she could possibly count her mother as a "dependent"?
Is this possible? Does anyone know if this can be done or not? Otherwise it's simply not fair. She's living in 3 different places because she can't afford a home of her own.
Thanks for any suggestions!

2006-09-01 04:47:20 · 6 answers · asked by BevD 4 in United States

We have a huge tax bill from a couple of years ago. We do not make nearly the amount of money we did back then. My hubby is a trader and we lost all the money we put a side for taxes because we had to live off it.
Is there anyway to settle with the IRS for a less amount? I do not want to be under them anymore and it seems we will never pay them off. At this point we don't even have the cash for the monthly installment payment.
All our savings are gone because we have not made anything in the last two years. He is working but we are just getting by.
We have sold everything we just about own to get us back on our feet.
This is not a sob story because I know we will get back on our feet but taking care of this IRS issue is one of the steps to getting us there.
So any info would be greatly appreciated! :)
Thanks!

2006-09-01 04:36:19 · 9 answers · asked by jumpthattb 2 in United States

Service member's home of record is Ohio and is stationed in NC received notice in mail to pay school/local taxes

2006-09-01 03:56:52 · 7 answers · asked by kramer 2 in United States

2006-09-01 03:28:46 · 3 answers · asked by Anonymous in Australia

im a truck driver and i can choose between Toledo, Cleveland, or Sandusky Ohio as my address. How do i know which city to list as my address to get the best rate on my taxes? ..actually i live IN the truck so would that benefit me in any way?

im a single white 24y/o male with no kids. i expect to bring in around $40,000 this year.

how can i estimate what i will recieve after taxes?

2006-09-01 03:01:59 · 6 answers · asked by sean_mchugh6 3 in United States

Whats the penalty if you dont put in a tax return for the year, if you know ur gonna get a bill. But put it in the next year instead when you know u can pay it?

2006-09-01 02:46:29 · 3 answers · asked by livachic2005 4 in Australia

I'm planning to enter a fitness contest and the winner receives a total of $50,000 in prizes which includes $40,000 cash, fitness equipment, and health supplements. Do the taxes have to be paid by the winner upfront, are they taken out of the prize money, or are the taxes paid at the end of the year? I may not be able to afford to even win the contest. LOL Too funny.

2006-09-01 02:40:10 · 4 answers · asked by Anonymous in United States

Excuse the stupidity but do part-time students pay tax at the usual rate? I'm going back to college to do a one-day a week Masters and need to work out where i'm going to stand financially.

2006-09-01 01:36:02 · 12 answers · asked by Darren C 2 in United Kingdom

what are the penalties for monetary theft?
a friend of mines offered to put my tax refund in her account and after a year it was said it was not deposited...after contacting the IRS I discovered it was deposited in her husbands savings account not shortly after we first filed my taxes! I was so shocked that it had been there all that time!
well she told me that his savings account was closed, which means my money has been spent. she doesnt want to give me my money now. I definitely cant afford it but, cant I take her to court? is there a penalty for monetary theft? Is this considered tax fruad? Cant I sue for that? Any helpful information about this situation will be greatly appreciated

Im so confused and dont know what to do.

2006-09-01 00:55:12 · 8 answers · asked by mistymorning119 2 in Other - Taxes