Taxes - November 2006

I haven't lived there so the 250k (500k for married homeowners) tax exemption doesn't apply. Yet I do own a small business. Am I entitle to any tax exemption for that?

2006-11-02 11:20:26 · 4 answers · asked by wiseob3oo 3 in United States

2006-11-02 10:56:23 · 3 answers · asked by Ramsay D 1 in United States

My mom has told me for years that I couldn't get married while on Social Security because I would lose my benefits completely. Is that true?

2006-11-02 10:49:57 · 3 answers · asked by BellaDonna 1 in United States

I started a small work at home business a few months ago as a part time venture. As of yet I'm not making any money. I was told that as a small business owner that I would have a $3500 tax credit. Is this so?

2006-11-02 10:07:51 · 2 answers · asked by 52donnie 1 in United States

My employers are paying my in cash and not claiming me as an employee on their taxes, so do I still have to claim this income on my taxes? I work another job in a restaurant and obviously file those taxes. I'm just not sure what i have to do about this nanny job.

2006-11-02 09:51:02 · 9 answers · asked by J_M_N103 1 in United States

people tend to think its your tax dollars that pays for unemployment. Its not. Businesses pay for insurance that covers unemployment and causes their premiums to raise if claims are filed for them. So why does uncle sam get to charge u out the
a$ $ on taxes for something they never paid for?

2006-11-02 09:47:29 · 3 answers · asked by aligrespeq 3 in United States

Lets say you make $30-40,000 a year, how much of that is taxed? (America)

2006-11-02 09:31:26 · 4 answers · asked by Anonymous in United States

I have a home daycare and don't want to give out my SS#. How do I go about getting a tax id #?

2006-11-02 09:14:22 · 8 answers · asked by little mama kat 23 3 in United States

2006-11-02 09:09:05 · 3 answers · asked by Coop 2 in United States

I was recently married and up until now we have both claimed Single, 0 on our w4 and got money back from the IRS every year although they take alot of money out of our checks. Should we stay at single, 0 and claim married when taxes come around or should we claim married, 0 now? It would be nice to see a little extra in our checks. We also just bought a house and we like tax time to be like a savings plan. What is the best bet??

2006-11-02 08:37:20 · 4 answers · asked by Kelly D 1 in United States

hope Social Security have nothing against it.

2006-11-02 08:23:15 · 5 answers · asked by Blue-Eyed Soul Jim 1 in United States

because i'm receiving Social Security Benefits, and Social Security have to know whatever i'm spending while paying to 10% to God out of my Social Security money.

2006-11-02 08:19:51 · 6 answers · asked by Blue-Eyed Soul Jim 1 in United States

If I sell a business property do I owe income taxes on the sale price or on the gain?

2006-11-02 08:13:17 · 1 answers · asked by Richard B 1 in Other - Taxes

He filed seperately..the preparer failed to disclose both incomes..Is the agency responsible for their mistake when we entered into a contract with them? We don't pay out taxes because we are disabled..this was a homestead property tax filing.IMO they are culpable because the contract states if they do it wrong they must re-do it at their expense..Advise would be appreciated..I already contacted the tax preparer..H&R Block..
I saw a similiar question but our situation is different since we don't pay out taxes(no taxable income).
Vicki S

2006-11-02 06:09:38 · 12 answers · asked by pastorswifenow 3 in United States

I (30yrs) withdrew funds from a Roth IRA that was opened a year ago. Any penalty/tax implication. No earnings was made on my contributions..

2006-11-02 06:02:27 · 6 answers · asked by spagi2010 1 in United States

Say you have three partners in a business, one of them is retiring and the business wants to buy out his good will over a period of time. However, the goal is to have the retiring partner responsible for the taxes on the payments. How do you structure this so it passes muster with the irs. Basically, how can you characterize payments to the retiring partner over a period of time so that they are income to the partner, and not taxable to the partnership.

One thought is to have the retiring partner work for a few years till age 65, have disability insurance on the income. After that though the partner wont work but we want to continue the income payments for several years after.

Thanks

2006-11-02 05:55:43 · 4 answers · asked by Owenmax 1 in United States

I am planning to buy a new car from a dealer in South Carolina, but I am a Florida resident... Do I have to pay tax ? Is there a benefit of doing so ?
Thanks

2006-11-02 05:45:54 · 8 answers · asked by TheMorbidMe 2 in United States

2006-11-02 05:24:57 · 4 answers · asked by candie 1 in United States

2006-11-02 05:22:42 · 3 answers · asked by vronni78 1 in United States

and held for more than a year

2006-11-02 05:07:33 · 5 answers · asked by ckhhuff2438 1 in United States

I recently sold a house property and earned capital gains. In order to avoid CG tax, I want to invest part of it in the construction of 1st floor in my present house. Is this permissible?

2006-11-02 03:25:02 · 2 answers · asked by Rajagopalan R 1 in India

I am married, wife not working, and a baby

2006-11-02 03:14:52 · 4 answers · asked by Big Daddy R 7 in United States

2006-11-02 03:09:47 · 8 answers · asked by Anonymous in Other - Taxes

On your property taxes- what is a "Non-AD Valorem" charge? And what is an "Ad Valorem" charge.

I noticed that I was charged an extra three hundred dollars under "Non Ad Valorem" charge for my property taxes.

Also-what criteria do they use to determine how much of an increase is used for your taxes? I purchased my home earlier this year. I noticed a dramatic increase from what the previous owner payed and what I am going to pay. Does homeowner that bought a house in the same neighborhood a year or two before I did (when house prices were lower) pay less property taxes than I do?

Any input would be greatly appreciated.

2006-11-02 02:32:11 · 2 answers · asked by Anonymous in United States

How do I arrange for taxes, once I’ve set up my corporation? Do I hire an accountant and send the accountant all my receipts? How do I know that my accountant is a good one that gets me all the tax deductible stuff and can recommend appropriate tax loopholes?

2006-11-01 23:01:23 · 3 answers · asked by Misheel C 1 in Other - Taxes

2006-11-01 22:56:35 · 2 answers · asked by abletomake 1 in United States

2006-11-01 17:46:41 · 2 answers · asked by deweyellsworth 1 in United States

I am an Indian resident, wanted to know, if I take up a software consultancy job with a US based company what are the tax implications. If I need to work from India for a US firm(which has no office in India) is it legal to carry out this job? If not, what are my options?

2006-11-01 15:05:07 · 3 answers · asked by seno 1 in India

2006-11-01 14:41:05 · 9 answers · asked by RJ 3 in United States

2006-11-01 14:28:50 · 8 answers · asked by Anonymous in Other - Taxes