Taxes - November 2006

2006-11-20 07:17:01 · 3 answers · asked by deb s 1 in United States

2006-11-20 05:31:19 · 22 answers · asked by Shane S 1 in United States

My husband opened an LLC last year in November. He got as far as doing the state paperwork and filling for his EIN. He never went into business because he got a better opportunity with his old company. Several months ago, we got the 941 forms for reporting wages. I checked the box that the business was closed or didn't pay any wages. I can't remember what I put for the date the wages were paid. I may have left it blank because it was not applicable since wages were never paid. I got another 941 for the third quater and don't want to have to keep filling these out with zeros because no wages were paid. What should I use as the date that wages were last paid since again it is not applicable being wages were never paid? Should I use the date of incorporation? Also, my husband doesn't want to dissolve the LLC because he has it should he need it later on. Can he just keep the LLC but stay inactive as far as operating and paying wages? Does this need to go on his personal return?

2006-11-20 04:55:00 · 4 answers · asked by Just Me 1 in United States

Why is there a limit on the total capital loss you can report but none on total capital income. Isn't it unfair?

2006-11-20 04:11:36 · 6 answers · asked by Indigo 2 in United States

I have some carry over captial loss from last year and I have some more loss this year. How does the $3000 limit on reporting the loss works?

Lets say I had $5000 carry over from last year and I have another $5000 total capital loss this year (after offsetting all the capital income, that is), can I only report $3000 out of all $10000? Is $7000 out of $10,000 is carry over for 2007? If not, please let me know how it works.

2006-11-20 04:09:42 · 3 answers · asked by Indigo 2 in United States

2006-11-20 03:38:42 · 4 answers · asked by mbckarenp 1 in United States

i posted a question earlier, I must have ask the question wrong. here I go again. I brought a home this year and I want to know if I will be getting back all of the interest that I paid through my mortgage or just a percentage of the interest? I live in Florida.

2006-11-20 03:25:59 · 5 answers · asked by Cowgirl Joe 2 in United States

I live in Florida I brought a house this year and I was told that I can claim some of my intrest from my mortgage payments. So far I paid 11, 000.00 in intrest. Is it true that I can claim 3% from the 11, 000.00? If not how much intrest will I be intitled to?

2006-11-20 03:00:23 · 4 answers · asked by Cowgirl Joe 2 in United States

what is it for? how much for city residents?

2006-11-20 02:08:31 · 3 answers · asked by TIANNA L 1 in United States

You mentioned Fed Med/EE and Fed OASDI/Disability is 7.65% for those w/income less than $90,000. What is the % for salary >$90,000?
Also, in my previous job, I did not see Fed OASDI deduction in my check stub, does it mean the Employer paid for the whole amount?

2006-11-20 01:11:56 · 4 answers · asked by Vaughn R 1 in United States

I am wanting to get an advance on my taxes but i need my last check stub and i no lomger have it what do i do please help me i need it asap.

2006-11-20 00:58:55 · 3 answers · asked by marty i 1 in Other - Taxes

As Mr.Brown has already instucted the bank of England to increase the interest rate, what will happen to our taxes when he becomes the prime minister.

2006-11-20 00:38:16 · 5 answers · asked by Anonymous in Other - Taxes

2006-11-20 00:24:25 · 5 answers · asked by topomixa 1 in United States

when they do privatise i'll get a bonus hand out are there any banks left in the uk like this.

2006-11-20 00:10:44 · 8 answers · asked by Mea 5 in United Kingdom

A couple will report approximately $40,000 in income for 2006 (per W-2s). The husband also gets paid in cash from his employer totalling $60,000 for the year. He wants to report this income so as not to raise a red flag with the IRS. He feels that his expenses (ie mortgage interest, taxes) reflect that of a person with alot more than $40,000 of income. Would he report this extra income on Sch C.? Would it be subject to self-employment tax even though he is not self-employed? Could it be reported as income not subject to S/E tax? He does not want to report his employer.
Any advice would be appreciated, from knowledgable tax preparers only, please. Thank you.

2006-11-19 23:03:35 · 6 answers · asked by tma 6 in United States

OK we need to recycle more thats been agreed BUT why do the Government go for this microchip weighing of rubbish? why not do a local competition where the people who've recylced the most get a reward ? Like if you recycle 80% of your domestic waste you get a 10% rebate on your council tax and if your don't meet that target you pay the full amount? Just a thought as this spy in the bins and individual billing per kilo will just lead to more fly tipping in my view.

2006-11-19 22:16:46 · 7 answers · asked by Sir Sidney Snot 6 in United Kingdom

I live with my boyfriend. We are kinda disagreeing about who should claim our son, who was born in September. I am not working right now and he is. I only worked about 3 months this enitre year but I did pay in taxes. My aunt called and told me that I should claim the baby because I could get a lot back, more than what I payed in. My bf disagrees with her and says we would get more back if he claimed our son. My aunts daughter payed in less than 500 last year and got back about 3800. Can anyone explain anything to me? My bf says he can claim head of household, but dont you have to be married to do that? Any advice will be great, and only serious responses please.

2006-11-19 19:11:47 · 8 answers · asked by Holly S 1 in United States

AS A STUDENT I WANT TO KNOW -
HOW TO SAVE INCOME TAX & HOW MANY FIELDS OR HEADS IS CONSIDERED BY INCOME TAX ACT FOR TAX REBATE?

SUPPOSE MR.X'S MONTHLY SALARY IS RS.65000/- PM AND HE ALSO EARN RS.20-25 THOUSAND P.M. FROM DIFFERENT SOURCE-LIKELY SHARE,COMMODITY MARKET ETC. & HE WANTS TO SAVE INCOME TAX AS HOW MUCH AS POSSIBLE. HOW WE CAN COMPUTE ITS TAX LIABILITY.

PL. ANS. WITH FULL DETAILS OF ABOVE WITH HEADS ETC.

2006-11-19 16:06:09 · 3 answers · asked by My_Tension 1 in India

2006-11-19 15:07:04 · 1 answers · asked by Direktor 5 in United States

If I live in Macao, do I need to pay tax for overseas income (non-Macao-sourced income)?

2006-11-19 14:40:51 · 2 answers · asked by http200 2 in Other - Taxes

2006-11-19 14:37:52 · 4 answers · asked by BENJAMIN T 1 in United Kingdom

I just received notification of a levy from my employer for $2100 dollars owed on state income tax (my employer screwed up my paperwork when I moved here from another state) I tried making payment arrangements and was unable to keep them due to some unforseen financial issues I have been having. Does anyone know if I call the Levy officer, is it possible that they will work with me and remove the levy? I cannot pay my living expenses if they levy my check. I am not in any way trying to avoid this. I do want to pay it. Any advice would be appreciate. If anyone knows specifics for Arizona, even better.

2006-11-19 13:45:21 · 3 answers · asked by Anonymous in United States

2006-11-19 13:18:44 · 8 answers · asked by Tneciter 3 in Canada

Don't we need taxes to support the troops or can we just borrow from China forever and never pay back? there is no such thing as a free lunch. that is what being conservative means. you pay for what you want.

2006-11-19 13:08:59 · 5 answers · asked by Anonymous in Other - Taxes

The car is use only for private. If interest on home mortgage is deductible, I wonder if interest on car leasing is deductible too ??

2006-11-19 12:21:37 · 3 answers · asked by Lily 1 in Other - Taxes

2006-11-19 10:55:26 · 3 answers · asked by wilmer m 1 in United States

Could you also give me a good website about this problem that also contain the statistic graph about the tax differences between rich people and poor people?

2006-11-19 10:42:34 · 6 answers · asked by Good Boy 1 in Other - Taxes

A. 1099 form
B. I-9 form
C. 1040ES form
D. W-2 form

2006-11-19 10:07:45 · 3 answers · asked by Anonymous in United States

2006-11-19 09:59:56 · 4 answers · asked by missadrian05 2 in United States

she has not work for the last past 6yr also she is on state's funds for our kid's medical she has denied me visitation, and getz away with it, because her paid lawyer. I am unable to find work so I am unable to support myself forget about my own son. but yet she's able to pay $1,400.oo monthly for mortgage, lawyer, clothes, food, lights, gas, and transportation in a Benz. I how can I prove she getting (at least $3,000.oo) money illegally. I have already called IRS hotline and reported her but 2yrs later "NOTHING" I need to know who what when why and how to get her in trouble now and get my son back in my life. she broken me, i cant afford a lawyer and i need to send her to jail now.

2006-11-19 09:24:42 · 11 answers · asked by Christopher T 1 in United States