Taxes - November 2006

Does anyone know if you are able to choose on each pay check to be exempt from federal tax with holding. In the end...will you have to end up paying back what you owe or will you be penalized in your taxes for choosing this? Even though your not really exempt from the federal tax with holding.

2006-11-21 01:41:56 · 4 answers · asked by elbellasera 2 in Other - Taxes

2006-11-21 01:20:44 · 8 answers · asked by brandy240605 1 in United Kingdom

2006-11-20 23:00:13 · 2 answers · asked by globalFREAK 1 in Other - Taxes

its on emegency tax! also, i have two new jobs so i need to fill in the appropriate forms but don't know where to get them.

2006-11-20 22:19:12 · 9 answers · asked by tess 2 in United Kingdom

Should you ask them for a receipt so you can claim it off your income tax as a charitable donation?

2006-11-20 21:55:57 · 6 answers · asked by Anonymous in Other - Taxes

My grandsons are American citizen by birth and I want to open saving bank a/c in their names so that I can give them gift.

2006-11-20 21:20:05 · 6 answers · asked by gaurav r 2 in India

2006-11-20 20:02:51 · 6 answers · asked by CV_Services 1 in Other - Taxes

2006-11-20 16:30:43 · 3 answers · asked by tamarachoco 1 in United States

Im in Wisconsin. Any website that can calculate this for me or any one know about this?

2006-11-20 15:43:24 · 4 answers · asked by feel_n_learn 3 in United States

I know this will sound horrible, but, what is the different? Flat tax is one flat amount charged to everyone no matter what income?? Is that correct? And the current tax system depends on our income?

I'm supposed to do a paper for economics.

What should I cover in this paper? I need help.

2006-11-20 15:26:47 · 3 answers · asked by Anonymous in Other - Taxes

I am studying to be a Tax Preparer in my state of Oregon. I'm learning how our tax System works. We have no sales tax but we do have income tax.
Our taxes ( SS tax & Medicare tax) are withheld from our wages.
until we do our taxes and the money is returned to us, to help pay the taxes we owe. Mostly everything is basied on money, wages, income from other sources.
I am curious as to how other states such as Washington who do not have income tax and do have sales tax. How does their tax system work? Like with SS & Medicare tax?

2006-11-20 14:26:42 · 1 answers · asked by Ivy 4 in United States

Like, federal tax, medicare... yada yada yada. And i also need all the percentages. THANKS!

2006-11-20 13:55:22 · 4 answers · asked by Glitterz23 2 in United States

I'm selling my business and moving to NV.
What do I need to do and what I shouldn't do? When do I sell my business? When do I move?

2006-11-20 13:52:56 · 2 answers · asked by JC 1 in United States

Where can I go to get an early tax return loan, that I can pay back when I get my usual refund? I've heard about it on the radio. But haven't heard anymore.

2006-11-20 13:28:52 · 4 answers · asked by Ashpo 1 in United States

2006-11-20 11:52:23 · 4 answers · asked by Patrick G 1 in United States

i have filled for a new W-2 form (W-4). Before my status was single and i claimed 0(zero). Now that I am happily marriend, im gonna need a little less tax taken out. So on my form, i have claimed 1 and selected Married... have i caused myself more tax to be taken out of my paychecks... or should i be seeing more money in my paychecks?

2006-11-20 11:39:52 · 4 answers · asked by kliongv 1 in United States

I know some one who worked about 4 months this year but had to quit due to health problems. I just need to know if she is able to receive earned income credit since she did pay taxes for 4 months this year.

2006-11-20 11:09:08 · 3 answers · asked by chryste 1 in United States

Even foster parents receive reimbursements for the care they provide to minors detained by child protective services, is legal that income they receive they do not pay taxes?

2006-11-20 10:17:04 · 4 answers · asked by Bert 1 in United States

There is an Occupational Tax deducted, once a year, out of your wages , for working. It use to be 10.00 dollars, now it is 52.00. They do not charge this in rural areas in the state of Pennsylvania. Only in Metropolitan area's in the state. Are there any other States that do this? Or a similarity of some sort, for working a job? I'm curious.

2006-11-20 10:00:42 · 6 answers · asked by Anonymous in United States

I am a new lawyer. I want to work for the IRS, or something similar, but as a lawyer for the government, pref. a tax lawyer. Where, specifically, can I get info about that?

2006-11-20 09:43:38 · 7 answers · asked by GCRhino 1 in United States

I'm sumwhat disabled and I thought my father filed my taxes but I was told by him that my cousin may have did them - now I just need to know if they were done.

2006-11-20 09:32:22 · 5 answers · asked by lightshortl 1 in United States

2006-11-20 09:31:13 · 7 answers · asked by lindaafaiken 1 in United States

2006-11-20 09:20:06 · 15 answers · asked by loveva 2 in United Kingdom

IRS determination was a no deficiency in income tax due but now we have to pay just about as much in Tax-Examination audit preparation & representation fees for professional services rendered. Originally we paid the tax preparer an Insurance fee to represent us in the event of an Audit.

2006-11-20 09:03:44 · 4 answers · asked by Janice S 1 in United States

Does it reduce the amount of money you get when you reach 65 to collect Social Security??

2006-11-20 08:59:28 · 7 answers · asked by Anonymous in United States

Just want to make sure:
Do you have to pay income tax for every form of income you get? Does it even matter if you work for your parents or get paid in cash or check?
What would be the consequence if you get caught?

2006-11-20 08:38:59 · 7 answers · asked by HY 1 in United States

2006-11-20 08:19:43 · 4 answers · asked by Indigo 2 in United States

Most people who draw social security get a "return" on their money of less than 1%. For many, the return is actually negative (they put more in than they ever get out.) You also don't have any control over how you get your money out. (You can't for example, take a lump sum to buy a home and avoid financing.)

---- If you could get out of social security - just take the money you've paid in to this point and walk away - and never draw any social security retirement money - would you do it?

2006-11-20 07:41:24 · 4 answers · asked by A_Patriot 2 in United States

Allright, I'm guilty of this. I filed an extension in April and pre-paid the amount that I thought would be due. After that we moved and got really busy and I totally forgot about the Oct. 15 deadline to file my taxes. Now I'm afraid to even look at how I'm going to be penalized for this. Anyone know what the penalties are? I think I've already paid all the taxes I owe, but haven't filed a return.

2006-11-20 07:37:51 · 11 answers · asked by d-man72 2 in United States

Hi. I am about to embark on my first business adventure. My family is offering me an unsecured 50,000 loan plus interest, which will be due at the end of 5 years plus 7.45% interest. My question is, can I write off the interest and/or the principle when I file my taxes if it is a personal business loan from a non-bank lender?

2006-11-20 07:17:10 · 2 answers · asked by Jeremiah 1 in United States