Taxes - November 2006

Are there any tools on the internet that can guesstimate my federal or state return before I actually file my taxes in the spring?

2006-11-13 07:50:48 · 4 answers · asked by soberlunatic 3 in United States

I claimed about $4,000, but it looks like I have $13,000. That's a rather large amount. I hope I didn't lose it.

2006-11-13 07:45:41 · 4 answers · asked by Anonymous in United States

I'm not sure about whether I should use and child care flexible spending account or not. If I take pretax dollars and put them away to use for childcare, do I still get the benefit of a child care tax deduction when I file my taxes? Is that double-dipping?

2006-11-13 07:40:27 · 2 answers · asked by Ben N 1 in Canada

2006-11-13 07:17:25 · 10 answers · asked by Skyler 2 in United States

2006-11-13 07:11:10 · 4 answers · asked by Donna S 2 in United States

Why does the government only allow me to contribute $5,000 for Dependent Care FSA plans? Combined, child care for my two kids is $24,000 a year out of pocket?

2006-11-13 05:38:21 · 2 answers · asked by BAM 7 in United States

2006-11-13 05:20:11 · 3 answers · asked by ladydee 1 in United States

our lald has been sold without pur permission...what are the options open to get it back

2006-11-13 04:58:17 · 2 answers · asked by v1nd1 1 in India

2006-11-13 04:44:56 · 4 answers · asked by forest lover 2 in United States

2006-11-13 04:17:48 · 1 answers · asked by ramakrishna g 1 in Other - Taxes

I have 2 houses both with mortgages and I am considering selling the one I do not live in and rent out. Do I have to pay capital gains if I use the equity earned to pay off part or all of the mortgage on the house I live in ?????

2006-11-13 04:16:19 · 4 answers · asked by gazzabicks 1 in United Kingdom

section 112 provides "benefit of option regarding indexation ie 10% on LTCG without indexation or 20% with indexation".

But,surely Long Term Capital Gain tax is not applicable to securities and mutual funds any more. A Securities Transaction tax is levied instead.

So how can this section apply to LTCG on securities and units?

Which items does section 112 apply and does it specifically rule out this benefit for sale of land?

2006-11-13 03:55:27 · 1 answers · asked by jittery 1 in India

I'm self employed but have no turnover as such because I work as a full time consultant with the same company.

Am I right in saying that the first £5,035 that I earn is tax free?
Then the next £2,150 is taxed at 10%?
Then all earnings thereafter are taxed at 22% (until my earnings cross a certain threshold, which they won't!)?

So if I've earned £10,273 gross in the current fiscal year then am I right in saying that my current tax bill is £894? I pay N.I. separately.

It seems too low!

Thanks so much

2006-11-13 03:44:51 · 7 answers · asked by Thanks! 2 in United Kingdom

What happens if you file your taxes electronically and you accidently send the wrong return(s)? If I get audited what should I do?

2006-11-13 03:34:20 · 3 answers · asked by pm_wltrs 1 in Other - Taxes

2006-11-13 03:33:35 · 3 answers · asked by JOHN T 1 in Other - Taxes

Some facts I know:
1. All Ponzi Schemes fail at some point.
2. There is no trust fund for this system.
3. People who pay into SS doesn't have an account building interest.
4. The government owes the SS with IOUs.
5. The system is NOT a contract (in other words it can refuse to reimburse me on my retirement).

I know that 50 years from now, I will not be getting paid from this idiotic government program.
Given my age it is actually riskier for me to be forced to pay this rediculous tax (aproximately 8.5% of my salary), than to do investments for myself.
In the long term, I will get better profits from investing this 8.5% of my salary. And it's far less riskier.

So how do I stop paying this crappy system when I know for sure that I will lose money in this system?

2006-11-13 03:25:43 · 11 answers · asked by Jerry H 5 in United Kingdom

I keep putting it off...whe i tried to file an extension, it said DONT if i expect a refund...and I did, whaat should I do now????...do they...wait until 2006 taxes! Help

2006-11-13 02:47:45 · 8 answers · asked by bebe 1 in United States

2006-11-13 02:04:28 · 11 answers · asked by ******:-) 1 in United Kingdom

2006-11-13 01:50:28 · 3 answers · asked by JustQA 1 in United States

What is the federal tax rate for someone who makes $80k in VA? Please disregard other factors like exemptions etc

2006-11-13 01:44:44 · 3 answers · asked by Dimi 1 in United States

http://www.tribdem.com/local/local_story_315234154.html

2006-11-13 01:25:41 · 2 answers · asked by bob v 2 in United States

I've been offered a job in San Francisco that pays $65K per year. I was curious, making that per year, what would I be looking at on a monthly basis after all the taxes? Any links to websites would be great as well.

Thanks!

2006-11-13 01:15:47 · 3 answers · asked by Cali Dude 4 in United States

I am an agent for a foreign company dealing with textile chemicals where my duty is to procure orders for my prinicipals abroad and i being offered a commision for booking the orders

2006-11-13 00:42:37 · 2 answers · asked by kannan s 1 in India

I have a question, my ex-wife is currently incarcerated in federal custody. I now have custody of her daughter and I am curious...(1) is she going to be able to file a federal tax return even though she is incarcerated...and (2) would I be able to claim her daughter on my taxes even though she will only have lived with me for 3 months out of the year

NEED SPECIFIC TAX QUOTE CITATIONS if at all possible

2006-11-13 00:31:49 · 1 answers · asked by barrett_shawn 3 in United States

Obesity is a major health hazard, affecting 20% of Westerners.

Isn't it time the community provided tax incentives for people to lose weight?

Some will argue that such a tax is discriminatory, and indeed it is, but then so are many taxes, against smokers, drinkers and drivers.

Of course, those with medical conditions ashould be exempted from such a tax.

2006-11-12 23:11:44 · 25 answers · asked by Anonymous in Other - Taxes

2006-11-12 22:35:21 · 3 answers · asked by smokey 1 in Other - Taxes

I am working for an MNC.I received ESOPS in Oct,2005. I sold some in Spet 2006 & gained an income of 2.5 lacs. Should I pay tax for this? Can this be avoided? Also should I pay it immediately?

2006-11-12 19:34:28 · 4 answers · asked by raghavendra s 1 in India

2006-11-12 19:18:01 · 6 answers · asked by Anonymous in United Kingdom

My son goes to a private school and I was wondering if the education is tax deductable. Its a Catholic School. I know college can be deducted....

2006-11-12 18:34:31 · 9 answers · asked by Angelus 4 in United States

2006-11-12 17:54:58 · 6 answers · asked by edclarkfnms 1 in United States