Taxes - November 2006

2006-11-26 23:56:13 · 5 answers · asked by Srinivas G 3 in India

2006-11-26 23:15:04 · 5 answers · asked by steven_huckle 1 in United Kingdom

2006-11-26 20:30:51 · 5 answers · asked by Bala 2 in India

2006-11-26 20:06:59 · 3 answers · asked by bhavin_patel62 1 in India

2006-11-26 19:20:44 · 2 answers · asked by delle eve 1 in Other - Taxes

I bought my house 7 months ago and am very curiouse. I put in new tile total cost 4,000(tile alone), carpet and invested in lots of things from The home Depot. We payed interests all year long about 6,000 or so. I am new to this and want to get an idea of how much I will get be getting back when I do my Taxes. Can you also claim your car or other things? Thanks

2006-11-26 18:06:52 · 5 answers · asked by Anonymous in United States

2006-11-26 17:40:09 · 7 answers · asked by RODNEY T 1 in United States

2006-11-26 17:11:37 · 2 answers · asked by r77123321 1 in United States

2006-11-26 17:03:21 · 2 answers · asked by r77123321 1 in United States

2006-11-26 17:00:00 · 3 answers · asked by kehlygirl 2 in Australia

2006-11-26 16:55:49 · 3 answers · asked by daaznjrich 2 in United States

My annual income including from my rental property comes up to be around $100,000 this year.
-I contributed $7,000 to my 401K
-Other deductions (pre-tax...health care, FSA, etc)

Not including rental income my post-qualified deductions...my income will be $70,000
Mortgage interest on my primary house is $2300/month or 27,000/year.
Mortgage interest for my rental property is $1000/month or 12/yeaa.

How do I deduct mortgage interest from my earned income on the fax filings?
How much of difference will write-offs "save" me?
Thanks.

BabuRabu

2006-11-26 15:55:09 · 3 answers · asked by insurancelawcase 1 in United States

My boyfriend & I are looking to purchase our first home together. We'd like to get the most for our money, we'd like to find out what counties are the least expensive in property taxes. I have searched the web with my question and I can't seem to find this info, but I know it must be out there somewhere. Any help would be much appreciated!!! Have a nice week!!! ;-)

Mary

2006-11-26 15:19:44 · 8 answers · asked by maryannmccarthy2003 6 in United States

Do i need to register with the government or not?

2006-11-26 14:40:10 · 1 answers · asked by tys 2 in Singapore

I need a proof of last year's tax return, how and where should I go get it?

2006-11-26 14:39:16 · 4 answers · asked by Frances 2 in Other - Taxes

Is there a minimum amount of income a person has to earn to file taxes?? And what is the minimum to file earned income credit?

2006-11-26 14:38:42 · 5 answers · asked by tnzbobz 1 in United States

i have made 12000 so far and a thousand has been taken out for federal and 400 for state and i claim zero

2006-11-26 14:01:50 · 1 answers · asked by solaciouscrumb9 2 in United States

I have a great idea for a charity and I want to being making arrangments to start it. How do I go about receiving non-profit status from the IRS?

2006-11-26 13:17:12 · 4 answers · asked by xtaticlyme 2 in United States

if someone gets a paycheck of $309.40 and shows they paid 145.60 in taxes...whats the gross pay? please tell me how you did it

2006-11-26 11:55:23 · 5 answers · asked by sugarbayb846 2 in United States

i am only 15 and i want to get a job. i estimate i will make about $9000 per year so i want to know i will be able to pocket in the end. i live in michigan. this is my first job. what percengate will i need to pay for taxes? and what other factors do i need to take into consideration before estimating my total income?

2006-11-26 11:17:29 · 4 answers · asked by Anonymous in United States

I looked up on a tax site and saw that in Canada you aren't taxed on inheritances. I'm not sure if that is the same as inheriting and then selling.

2006-11-26 08:45:53 · 6 answers · asked by Aaron R 1 in Canada

My wife has not worked all year can I claim her on my taxes?

2006-11-26 07:56:11 · 3 answers · asked by Anonymous in United States

I'm in a lower tax bracket this year than next. I'm wondering if I can take out $10,000 from my IRA by the end of THIS year, have it taxed as income received THIS year, but purchase the home NEXT year, within the 120-day limit of course, and still qualify for the penalty exemption. Or would the income count toward NEXT years'?

2006-11-26 07:54:56 · 3 answers · asked by Takobaka 2 in United States

see i live with my boyfriend 1 1/2 yrs. and i make about 3 times more than him in a month so therefore i do end up paying a majority of things and bills...i dont understand taxes very well and i just want to know how i should file.. oh i also claim 1 exemption if that matters...should i of claimes zero? i just have so many questions...

2006-11-26 07:23:44 · 4 answers · asked by feistylilone 2 in United States

What percentage of the money coming in through contributions can be paid to directors and and board members of a non-profit corporation? Any more info on this topic?

2006-11-26 06:52:51 · 4 answers · asked by xtaticlyme 2 in United States

I need to know if it would be better to file married filing jointly with my husband or should we both file married filing separate returns. I made $46,000 and he has made $1,400. He had not worked all year because of him studying and getting his real estate license. He just sold his first house and his commission was the $1,400. He spent around $5,500 getting is real estate license and getting his business started. We have no other income, ira's, stocks or anything so our taxes are pretty cut and dry.

2006-11-26 06:16:25 · 5 answers · asked by oh_no_not_now 1 in United States

Im only 17 and the irs says i made 63.80 for the fiscal year and i know it cant be from work bcuz i dont work

2006-11-26 05:42:23 · 4 answers · asked by Anonymous in United States

I just got a letter from HM Revenue and customs saying that i have to pay £293 to them because i havent paid or been credited with enough National Insurance contributions to make the year 2004-2005 count towards my basic State pention! But i was in uni 2003-2005 and only worked part time for christmas at sum point 2005 so i dont understand it. Is this right? and has any other student had this letter? Why should i have to pay for not working? I was a student that year??

2006-11-26 04:52:05 · 7 answers · asked by Anonymous in United Kingdom

We are married, have one child. Would we go with "married filing jointly"? Or would he just do head of household and I do married filing jointly. I'm confused.

2006-11-26 04:02:33 · 3 answers · asked by Crystal B 3 in United States

I have to complete a tax return (yipee) for the tax yr Apr 2005-06. Situation is this: I moved overseas in October 2005 (within EU), prior to that I was in employment with PAYE tax deducted at source.
I have two properties in the UK which I let out. At various times one or other of these has stood empty. I also have a few k in investment trusts which I guess are taxed already. Question: without wanting to sound like a capitalist traitor dog, what is the best option for minimising the tax bill - I understand if you set yourself up as a 'sole trader', or limited liability or something like that it is one poss. loophole.
I earn (not very much) money where I am living, teaching English, this is deducted here. There's a double taxation with the country in question (Lithuania). Finally I did some work in the summer for a UK co. on a freelance basis. This will go on next year's return so I need to know best approach should I do any more work on this basis.
Cheers

2006-11-26 02:54:29 · 6 answers · asked by whyteay 2 in United Kingdom