Taxes - November 2006

i hear this on TV and radio all of the time. i am sure that the rich pay a lot of it, but i think that the figures are skewed. When ALL of the taxes are included, i mean, sales tax, ad valorem, social security and medicare withholdings, gasoline tax, car tags, cigarette tax, and all of the rest are included, not just income tax. do the top say, 5% really pay over 50% of the governments total income from taxes?

2006-11-14 11:41:25 · 6 answers · asked by Anonymous in United States

My ex had my 18 year old son declared emancipated when he graduated from high school last June. Since then the ex has had to pay no child support. The ex still has my son on his health insurance, and he intends to claim my son as a dependent on his federal income tax. My question is - How can my ex claim my son as a dependent if my son has been declared emancipated? Is this allowed?

2006-11-14 10:41:01 · 5 answers · asked by physandchemteach 7 in United States

I work for a company who has an employee in need of their W-2 forms from 1995 to 1998. I was wondering if there is any other way to find them, perhaps online through the IRS, so I do not have to spend a whole day in the back of a dark, dirty trailer. Please help if you can....Thanks!

2006-11-14 09:52:22 · 6 answers · asked by TJ 4 in United States

When I was young, my grandma would buy me (and my brothers) US Savings Bonds. I am now a grown man, and I am still holding on to them. Well, I have some home improvements coming up, and I could take out a home equity loan or line of credit to pay for them. But I've got these savings bonds sitting there just collecting dust. So I could cash them in and offset the amount of equity I'd have to use for these improvements. But here is my concern. I know that if you cash them in, you have to claim the interest earned on your federal taxes. So let's say I have a $2500 savings bond that is now worth $5000 (so it has earned $2500 in interest). If I would cash that in, how badly would I get hurt come tax time? Can anyone tell me approximately what percentage of that $2500 I would end up having to give back to Uncle Sam? I am just trying to avoid getting myself into trouble, where I'll end up owing $2000 next year. That would pretty much defeat the purpose of cashing them in.

2006-11-14 09:24:27 · 4 answers · asked by bosco 2 in United States

Is it possible to deduct from my Income money I gave this year to my own daughter as a gift?

2006-11-14 09:13:14 · 6 answers · asked by Michael P 1 in United States

2006-11-14 09:09:20 · 7 answers · asked by Loving Life 1 in United States

2006-11-14 07:54:00 · 3 answers · asked by aaron_renee_crushfield 1 in United States

2006-11-14 07:50:51 · 1 answers · asked by aaron_renee_crushfield 1 in United Kingdom

I was thinking about selling some things on e-bay or craigs list as a way to get rid of things and earn some extra money. Would I need to report this as income for tax purposes?

2006-11-14 06:55:36 · 8 answers · asked by shooter 1 1 in United States

2006-11-14 06:50:26 · 9 answers · asked by gazillionsites 1 in United Kingdom

In the united states.

2006-11-14 06:29:22 · 5 answers · asked by peter leiner 1 in United States

As it has always been the strategic move for the the REPS.

2006-11-14 05:53:06 · 3 answers · asked by Nablus 1 in Other - Taxes

I am waitressing while in college and my first few checks had about $5 taken for social security while the last one had $35 taken even though I worked approximately the same hours. What happened?

2006-11-14 05:48:09 · 6 answers · asked by Anonymous in United States

2006-11-14 05:24:15 · 8 answers · asked by howard 1 in United States

2006-11-14 05:17:09 · 11 answers · asked by kooky_gyrl 1 in United States

2006-11-14 04:58:55 · 6 answers · asked by bbwg_hbic 2 in Other - Taxes

2006-11-14 04:06:57 · 5 answers · asked by DEBBIE L 2 in United States

So I am due april 4 07 , can I claim my child on my taxes for this year, if I wait to file until my child is born??

2006-11-14 03:51:23 · 14 answers · asked by sheatzy24 1 in United States

does anyone know if IRS changed NJ's mailing address for 1040s for 2007? I just got a document with 2 MO addresses on them and can't find anything else anywhere. Anyone else seen this

2006-11-14 03:48:19 · 3 answers · asked by Anonymous in United States

2006-11-14 03:35:02 · 8 answers · asked by chapped lips 5 in United States

2006-11-14 03:29:07 · 5 answers · asked by mads..lady 1 in United States

The trust has one trustee and one unrelated successor trustee who can be appointed as trustee anytime by the original trustee or is automatically appointed with death or incapacitation! The residence is valued at 4 million with other assets valued at 1 million for a total estate valued at 5 million today!

2006-11-14 03:27:44 · 1 answers · asked by eddie a 2 in United States

My ex and I had a messy breakup and just finished child support settlement. Last year he claimed our son on his taxes, although I couldve fought him over it. I let it go but this year I am definitely entitled to use our son on my taxes. He lives with me full time. My only problem is, my ex is very sneaky and since he claimed him last year, he has all the information he needs to do it again this year. Plus he's self employed so he has the opportunity to file before I get my W4s back. What happens if he claims him before I get my done? Will I loose my right to the credits?

2006-11-14 03:19:30 · 6 answers · asked by breeokc 2 in United States

We have opened a corporation and have 1 employee right now. So I would like to do payroll on my own. Does anyone have any information on where I could start? I am familiar with taxes and income tax filing in other countries so it isn't all Greek to me. However I was looking for some specific sites etc for the US and specifically NY state that could get me started.

Thanks so much!

2006-11-14 03:02:50 · 2 answers · asked by nvbb76 2 in United States

2006-11-14 01:58:21 · 1 answers · asked by divyakoottala 1 in India

I am recently married and just switched jobs. My salary is $60K and my wife's is $75K. She is currently claiming 2 allowances and filling single. I need to adjust her W-4 and submit mine for my new job. We are buying our first home and estimate that next year we will have $28K in interest to itemize...

My questions are:
A) how many allowances should we claim on both our W-4 forms

B) should we claim married or married, but withhold at higher single rate?

2006-11-14 01:55:05 · 6 answers · asked by 55reasons 4 in United States

2006-11-14 01:51:00 · 11 answers · asked by mii 1 in United States

I have had varous temporary jobs over the last year and have been taxed according to the emergency tax code for a few of them, so would like to claim back that moey.

2006-11-14 01:18:52 · 3 answers · asked by Who? 1 in United Kingdom

2006-11-14 00:27:34 · 3 answers · asked by ? 1 in Other - Taxes

One of the Lads at work thinks the higher tax band starts after £30,500 I thought it was more myself, but if this is true if I carry on working like I am, I could easily hit that and more. So how does it work if I go over that do I just get taxed 40% and that’s it or is there away around it?, as I’m staff, I get no allowances for anything I don’t have a company car etc????

2006-11-13 22:48:05 · 11 answers · asked by tom2764 3 in United Kingdom