Taxes - October 2006

i live in kerrville texas and i am intersted in getting a tax id number, how do i get that and what purpose does it serve? i am interested in buying small retail items to put in my new salon i am going to open in the near future.

2006-10-06 15:57:55 · 6 answers · asked by pooh bear 4 in United States

I'm doing an essay about more tax money being spent on prisons than education. Any facts?

2006-10-06 15:49:24 · 7 answers · asked by Stacia t 1 in United States

I had formed an S corp. in 2000, then voluntarily closed corp. in 2003.
The corp. has been in active since then. Now i want to revive the corp. , with the
same corp. name. Can I use the same tax id number that I used the first time around?

2006-10-06 14:06:58 · 4 answers · asked by 987654321abc 5 in United States

i need to register my car and i wanted to find out the amount id need to pay so what is 2.75% of 13,800 dollars?

2006-10-06 13:55:45 · 12 answers · asked by answers 2 in United States

2006-10-06 13:14:09 · 1 answers · asked by pilo 1 in United States

Looking to form an LLC to start a franchise. The business will not be in operation until March of 2007, however I will have expenses in the last few months of 2006 (franchise fee/LLC formation expenses/etc). How do I do a tax writeoff for those expenses if I'm not going to be making income until the year 2007? Can I clam these expenses on my personal taxes?

2006-10-06 13:09:30 · 5 answers · asked by Anonymous in United States

I am married with one kid. My wife is not working.
Should I use "Head of Household" or "Married filed Jointly"?

2006-10-06 12:50:28 · 8 answers · asked by enscanaba 1 in United States

How much? like 8.125 percent? i want to make sure cuz im doing an assignment at school

2006-10-06 11:43:58 · 2 answers · asked by Anonymous in United States

I work at a job where they don't take my taxes out for me and I was thinking about opening up a savings account so that every week I get my check I can put something from it in my savings so that I won't be screwed when ts time to file for taxes?

I never done this before so anyone with any experiene on this please help!!

2006-10-06 09:28:04 · 8 answers · asked by Miss Thang 6 in United States

2006-10-06 09:13:10 · 7 answers · asked by Anonymous in United Kingdom

Income tax, State tax, Sosial security tax, Any kind of tax at all.

2006-10-06 08:34:12 · 5 answers · asked by fullpintlight 2 in United States

Is that really true that super rich people give their money away so they can claim it on their taxes as charity? If so sign me up!!!

2006-10-06 08:19:46 · 4 answers · asked by April J 2 in United States

I would call the tax office here but I live in a rual area and the only woman is hard to contact.

I'm only 16, I work part-time at a grocery store in western pennsylvania. On my paycheck I get PA taxes AND Federal taxes taken out.

Does anyone know if I will have to pay wage taxes or do income taxes? Thanks for your help.

2006-10-06 08:12:46 · 4 answers · asked by OneDay 3 in United States

When I live in my townhouse, I dont use the Std Deduction of 10K because my itemized deductions are more than 10K; if I rent it then I can wirte off the Mortgage payment aganist the rental income; but do I get the 10K standard deduction? I live in California, USA

2006-10-06 07:24:07 · 3 answers · asked by Gult 1 in United States

Scenario: Sister Claudia in California purchased a home at $330,000 and gives title to sister Isabella AFTER 2 years. Sister Isabella then refinances home at 429,000, but now decides she wants to sell the same home at 490,000. What is Isabella's Tax Liability if any?

2006-10-06 07:04:04 · 4 answers · asked by Marco 1 in United States

I've got the figures but don't know if I'm meant to write the pence on top of the 00s. Would anyone know? I'm based in UK.

2006-10-06 06:00:54 · 9 answers · asked by Pea 2 in United Kingdom

I am submitting an Amended tax return 1040-X for 2002 (I filed late so it's OK until Oct 15). I see now that in 2001 I failed to record on Schedule D some carry-forward short-term capital losses, and therefore did not offset my 2002 capital gains in the next year in that return.

Can I now enter those 2001 carry-forward losses on my amended 2002 form? (As the total carryover was around $7,000, this would have implications for my 2003 and 2004 returns as well, which I could now also amend.)

2006-10-06 05:02:13 · 6 answers · asked by ckkjgc 1 in United States

the dealing is rupees 20000 in cash

2006-10-06 03:58:17 · 6 answers · asked by STM 1 in India

I'm unsure how much the property taxes are are because it's new construction. I'm unsure where to pay and when to pay. Any help with how this process works would be great.

2006-10-06 03:26:59 · 4 answers · asked by Droppin Knowledge 1 in United States

Each of the following is an indirect tax except the ______ tax.

gasoline
telephone
coroporation Income
excise

2006-10-06 02:53:07 · 5 answers · asked by Anonymous in United States

we want to know what the taxes in texas on what inherited. for the irs.

2006-10-06 00:13:32 · 4 answers · asked by brenda n 1 in United States

If neither one of these are taken out of my checks, or if FICA is taken out, but not U.S. Inc. Tax....or Vice Versa what does that mean?

What will it mean come Income Tax time?.....
Will I get in trouble if they are doing the taxes wrong or will they?

2006-10-05 23:17:00 · 3 answers · asked by mysticfairy74 5 in United States

I am purchasing my first home and need to sell several of my mutual funds for the down payment. Unfortunately, I am going to take a big hit when I have to pay the capital gains tax from the sale of the mutual funds.

Is there any way that I can apply these capital gains towards the down payment of the new house to decrease my taxes? If not, are there any other suggestions to decrease my capital gains tax?

Frankly, having my mutual funds do well enough to require capital gains tax is not a bad problem to have. It means they have done well over the past few years. I just want to know if I can do anything to improve my tax situation.

2006-10-05 21:44:39 · 5 answers · asked by Bob F 1 in United States

We own a duplex in California. We live in one part and rent about 1/3 of the property as a separate apt. On our federal taxes return, we take 1/3 of our property taxes and mortgage interest as rental expenses, and the remaining 2/3 as Schedule A deductions off our regular income. It is my understanding that this is the ordinary way of assigning these expenses and deductions.

With the expenses in Calif of mortgage interest and property taxes, we are showing a net loss on the rental income. However, as our adjusted gross income is over $150,000 we cannot take this passive loss against other non-passive income sources, so it is carried forward until we have a profit we can subtract it from.

My question is: can I take the entire mortgage interest and prop tax payments as personal income deductions, rather than rental expenses? That way I will see some immediate reduction in my taxes, versus some future tax reduction for my rental profits.

Is this “legal,” or even sensible?

2006-10-05 20:13:47 · 5 answers · asked by ckkjgc 1 in United States

2006-10-05 17:54:02 · 4 answers · asked by dennis 2 in United States

any thoughts? its for business math

2006-10-05 16:45:54 · 4 answers · asked by NOooob! 1 in United States

I am now returning to India after spending 15 years outside the
country working in two different countries.

2006-10-05 15:29:10 · 5 answers · asked by Pushpa M 1 in India

A friend of mine is just got married 2 days ago,but she doesn't want her husband finacial/tax info on her tax forms.

- Is it ok/legal for her to put "single" on the w-4/1040 forms instead of "married"

- Is it better for her to put "married" or "single"

- married filling seperatley or filling joint. Which is better?

2006-10-05 15:16:44 · 5 answers · asked by sweety 3 in United States

I'm starting a new job. can I claim 2 dependents if I'm single? Can I claim more?

How do I go about doing this on my W-4?

2006-10-05 13:09:12 · 17 answers · asked by Anonymous in United States

2006-10-05 12:50:38 · 8 answers · asked by Anonymous in United States