Taxes - December 2006

2006-12-05 11:16:39 · 4 answers · asked by Anonymous in United States

i am in the military and i have my pay does anybody know when we get are 2006 w-2 forms in and when can i file

2006-12-05 11:12:27 · 4 answers · asked by celica_gtsracer 1 in United States

2006-12-05 11:04:43 · 1 answers · asked by tony m 2 in United States

I just found that that when you gift stock, the person receiving the stock inherits your cost basis. My parents have a substantial capital loss carryover from the .com boom and I wanted to obtain the advice of someone who understands tax laws fairly well to see if the following scenario would work.

1. I gift my dad $12,000 (or whatever the limit is for the gift tax exclusion) worth of stock. My cost basis on the stock is $6,000 so he will have a capital gain of $6,000.

2. My dad sells the stocks, but because of his capital loss carryover he does not have to pay any capital gains tax.

3. My dad gifts my wife $12,000 in cash.

Is there any issue with this? Or, a better question is do you think the IRS would have an issue with this?

2006-12-05 11:00:31 · 5 answers · asked by d-man72 2 in United States

2006-12-05 10:56:26 · 3 answers · asked by Markiemark 1 in United States

2006-12-05 10:14:52 · 2 answers · asked by Cameron M 1 in United States

There are also expenses for heating while I'm working, lighting, etc, that fall under electrical usage. Afterall these utilities aren't free and are required to run my in-home small business.

2006-12-05 10:13:48 · 8 answers · asked by Kirk 2 in United States

2006-12-05 09:54:05 · 9 answers · asked by Naty 2 in United States

Example- it's not against the law to deposit $ into your family members accounts, a few hundred to Mom, more to your adult son & daughter, some in your wife's individual account- All at different banks under others SS#. Total for the week is $12,000 but spread out it's not even noticed as connected.

Do this for 3 years+ and no one transaction is illegal but if combined they would be structuring, correct?

At what point would this appear to be a crime? When does it cross over the line to conceal lots of cash?

The bankers do not KNOW what I know. Could they be in trouble? what about his CPA...he doesn't know about the excess cash either- he does tax returns w/ almost no info.

2006-12-05 09:38:20 · 2 answers · asked by upside down 4 in United States

I am a single mom with one child and I work full time

2006-12-05 09:06:50 · 5 answers · asked by Anonymous in United States

2006-12-05 08:59:23 · 3 answers · asked by vk 1 in United States

it-2104-e is certificate of exemption from withholding

2006-12-05 08:54:21 · 1 answers · asked by Jeannie 3 in Other - Taxes

I have heard people say they just use their last pay stub YTD is this true another person told me you need your employers EIN employee Id number if so how do I get this #?

2006-12-05 08:45:38 · 7 answers · asked by Anonymous in United States

2006-12-05 08:32:26 · 2 answers · asked by BingoBanggoBongo 1 in United States

I read somewhere that you should save all the receipts that you paid with cash, make a list of tips, tolls, anything paid in cash to claim it at the end of the year to IRS. I have never done that before. Is that true?

2006-12-05 08:27:04 · 3 answers · asked by Maggi S 1 in United States

I am currently a highschool student as a senior and at the age of 17. I a still a minor and I barely got my first job 5 months ago. Please explain the process and set examples. Thank you! I am NEW about THESE TAXES STUFF, so please help!

2006-12-05 08:25:06 · 5 answers · asked by Anonymous in United States

2006-12-05 08:19:28 · 14 answers · asked by clyde h 1 in Other - Taxes

Is there a place i can plug in my information for 2006 and estimate my return? (free)

2006-12-05 08:01:25 · 5 answers · asked by customcat2000 4 in United States

my boyfriend was injured in an accident and has no use of his right arm he can't work and he lives with me so I pay the bills, rent and buy all the Grocerys?

2006-12-05 07:56:37 · 7 answers · asked by Anonymous in United States

we are going through a divorce my huband and i can we file seperate?

2006-12-05 07:53:13 · 7 answers · asked by Anonymous in United States

Can I use a P.O. Box Number for my address when I file my taxes.

2006-12-05 07:52:37 · 2 answers · asked by raqemonet 1 in United States

I am no longer living at home, nor am I in school anymore, I just purchased a house, so can they still use me as a dependent I am only 20 years old and just moved out at the end of October.

2006-12-05 07:46:34 · 23 answers · asked by Anonymous in United States

2006-12-05 07:24:26 · 5 answers · asked by Anonymous in United States

I am 18 and work full-time. I make approx. $20,000 a year before taxes are taken out. I claimed 1 on my W4. I've been working at my place since July. Under what circumstances would I have to pay more taxes (out of my pocket) come tax return time?

2006-12-05 07:19:27 · 4 answers · asked by teneff88 1 in United States

I just opened an online boutique selling handmade items and also will be doing drop shipping with other boutiques... I am filling out my sales tax form for the state of Michigan and one of the questions is regarding Unemployment liability. I do not emply anyone, so would I have to fill out a UIA 1009e?

Information:

Liability to pay Michigan Unemployment Taxes only occurs when an employing unit meets any of the following criteria:

Pays $1,000 or more in gross wages for covered employment in a calendar year.
Has one or more employees in 20 different weeks within a calendar year.
Acquires all or part of an existing Michigan business.
Pays at least $1,000 cash, not including room and board, for domestic (household) service within a calendar quarter.
Pays at least $20,000 in cash, not including room and board, for Agricultural service within a calendar quarter, OR
Elects coverage under the terms of the MES Act.
Is subject to federal unemployment tax (FUTA).

2006-12-05 07:10:15 · 2 answers · asked by amber 1 in United States

2006-12-05 07:05:23 · 8 answers · asked by Philip H 3 in United States

My dad has asked me to post this question. He said that there is a simple sum to work out how to take of VAT, but I haven't got a clue! Can anyone help?

2006-12-05 06:42:42 · 8 answers · asked by michmac75 4 in United Kingdom

Our family hired a part-time nanny. Only 9 hours a week for about the past half year. She now tells us she needs a W2 form. We are not a business and do not know how to go about paying here thru W2. Does anyone know how to pay her W2?

2006-12-05 06:37:34 · 8 answers · asked by Anonymous in United States

If so, why do we have to declare on our returns? Thank you all.

2006-12-05 05:58:50 · 6 answers · asked by Hawkwind 1 in United Kingdom

I started an online boutique store to sell items I make as well as drop shipping for other boutiques.... I am filling out my tax/use tax form and it asks if I am registering for sales tax. Then the definition is:

Register for Sales Tax if you:
-Sell tangible personal property to the end user from a Michigan location (wholesalers do not need to register).

Would I say yes or no to this for an online store?

2006-12-05 05:43:46 · 7 answers · asked by amber 1 in United States