Taxes (Business & Finance) - January 2007

I am nearing retirement and have about 25k in untaxed money in a retirement account through my employer. I am looking for a way to roll it over tax free and still keep investing it safely but have access to it as needed with no withdrawal penalties. Is there a way ??

2007-01-07 07:01:08 · 5 answers · asked by Anonymous in United States

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how much can you earn privately before having to declare yourself as a sole trader or self employed?

Where can i find info that will help me?

2007-01-07 06:51:01 · 6 answers · asked by fionakhondoker 1 in United Kingdom

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Would Americans be willing to pay a high gas tax instead of Income Tax?

A high gas tax would be an incentive to conserve gas and oil. THis would help kick our dangerous oil addiction and total dependence on very unstable and nations that hate us. So would you welcome a federal gas tax of $2 a gallon if in turn income taxes were reduced by an equivalent fiscal amount? After all, high income taxes just discourage entreprenership and business incentive.

2007-01-07 06:43:34 · 9 answers · asked by Anonymous in United States

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About how much does it cost for a CPA to do your taxes?

Need about 5years of taxes done, including last years. I live in California. Would be 1040EZ I dont own any property or have any kind of loans or any deductions and I am single.

2007-01-07 06:40:28 · 7 answers · asked by ►►BLOGGER◄◄ 5 in United States

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DoI have to pay self employment tax on wages that were paid in cash money (no checks or receipt)?

2007-01-07 06:37:54 · 3 answers · asked by Bat 1 in United States

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I have an aunt that died about a year ago and left me a home in her will. It was sold recently.?

Will I owe any federal taxes on the proceeds? Approximately $200,000. I also inherited about $50,000 that was in a savings account. Not sure of my tax burden if any.

2007-01-07 06:34:49 · 5 answers · asked by Anonymous in United States

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what is the tax file? is that sytem to tax back?

when i can do my tax file and how?

2007-01-07 06:33:00 · 1 answers · asked by TONDRA A 2 in United States

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Filing Head of Household?

I am planning on filing Head of Household and claim my children from my first marriage, and letting my husband (we are separated – he lives next door with his mother and I live in their rental property. Son spends more of his time there.) claim Head of Household with our son since he is the one who financially support our son mainly. My monthly income is child support from 1st marriage, and my income is only about $600.00 bring home a month. I am planning on using my refund check to get my own checking acct. and one of my questions is, can we both have our refund checks direct deposited into our existing joint acct. (Since our refund checks will only have one of our names on them.) Then close that acct. and each open our own? (I get so worried one little glitch in a delay of a deposit or something will reek havoc with my very tight budget.) We still have a joint acct. and I have no access to it (by choice) and he gives me my child support payments that are direct deposited into it.)

2007-01-07 06:26:38 · 4 answers · asked by PuterAddict 1 in United States

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How does the federal income tax structure impact a businesses decision to finance with use of debt vs. equity?

2007-01-07 06:24:24 · 1 answers · asked by **LIBERTY** 1 in Other - Taxes

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How does double taxation of corporate income occur?

2007-01-07 06:23:05 · 2 answers · asked by **LIBERTY** 1 in Other - Taxes

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Can I claim my domestic partner on my taxes?

He is a full time student with no income. What about his school expenses can I claim them? We have lived together for almost two years.

2007-01-07 06:18:34 · 2 answers · asked by Elena 2 in United States

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Marital status changed - Tax returns?

I got married in Aug. 2006. But we forgot to update my marital status to 'Married'. For AUG/SEP/OCT/NOV/DEC I paid taxes as I were a SINGLE.I could save $400 per moth if my status would have been updated .My queston is can I get a refund for what I paid extra for these 5 months.

2007-01-07 05:58:18 · 6 answers · asked by TechTeen 1 in United States

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How do I file my state tax return?

My husband and I just recently got married in November we will be filing jointly for the federal. He does not pay state tax because he is in military. I am not sure how to file state tax seperately.

2007-01-07 05:26:51 · 4 answers · asked by poodle1.rm 1 in United States

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can my taxes be taken away for a judgement i owe even if my wife is part of the return?

2007-01-07 05:19:06 · 4 answers · asked by Rivera 1 in United States

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As far as the child dependant care credit goes??

I came across something on the net for a specific state regarding federal child dependant care costs if you run your own daycare you CAN claim the dependant care credit for your own child if YOU have them in your care.........This just didnt seem right, does anyone know about this????

2007-01-07 05:16:51 · 1 answers · asked by cheryllynne2004 1 in Other - Taxes

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when do unemployment w-2 come out?

unemployment benefits take out taxes. when will the w-s go out for the tahes taken out of benefits.

2007-01-07 04:57:21 · 6 answers · asked by thia 1 in United States

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how is it possible to OWE on Fed Taxes when exemptions are set at zero?

we are married filing jointly. our only income is standard employment income paid by our employers, and taxes are dediucted from our pay check. we have exemptions set at zero. yet, it looks like we will owe $4k! If i have taxes set to take out maximum per pay check how can I possibly still owe? I'm confused.

2007-01-07 04:55:52 · 9 answers · asked by ATL Rock Star 1 in United States

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Partners use of a personal vehicle for business use?

I used my personal vehicle about 35% for business use for a partnership. I was not reimbursed for any of this. How can I deduct this on my partnerships taxes? Can I use the standard mileage rate and deduct it on the Depreciation and Amortization form?

2007-01-07 04:47:33 · 3 answers · asked by Anonymous in United States

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Where to file my tax return online?

I used this one site last year to file my return and for the life of me, can not find the forms or even the site where I did it. It cost me like $9.95 to file and I was wondering if anyone knows any other sites that a this cheap and that are good? Thanks.

2007-01-07 04:46:21 · 4 answers · asked by DM 2 in United States

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A question about taxable income.?

What is considered taxable income? How much earned income does one have to earn to be considered taxable income? And what does this have to due with claiming the child tax credit. i have read and read on the internet but can not make any since of it. i have went to the irs website and although they have alot of info none of it make since to me. If any one has any info i would be grateful. The reason I am asking is because i thought i was going to be able to bring back that credit but I'm told I'm not and that i will recieve only 68 dollars of the additional tax credit. (I do understand the additional tax credit). Thanks!

2007-01-07 04:37:30 · 3 answers · asked by CHRISTY R 2 in United States

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Can we write of car insurance when we do taxes?

2007-01-07 04:25:41 · 5 answers · asked by regine16r 1 in United States

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Can we write of money we put into a retirement fund every month?

Where do we enter it in Turbo Tax?

2007-01-07 04:24:52 · 2 answers · asked by regine16r 1 in United States

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Entries in Turbo Tax?

We bought a house in 2006. Where can I enter upgrades that we did after we bought the house, like homeimprovements. Is there a place in Turbo Tax to do that?

2007-01-07 04:19:19 · 4 answers · asked by regine16r 1 in Other - Taxes

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Should I enroll in a Dependent Care (Section 125 Flexible Spending Plan)?

2007-01-07 04:14:07 · 2 answers · asked by Clinternet 2 in United States

Taxes - January 2007