Taxes - January 2007

2007-01-25 16:27:28 · 3 answers · asked by sometimesitjustis 2 in United States

www.fairtax.org

"What is the FairTax plan?
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax, a rebate to ensure no American pays federal taxes up to the poverty level, dollar-for-dollar revenue neutrality, and the repeal of the 16th Amendment.

This nonpartisan legislation (HR 25/S 25) abolishes all federal personal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them all with one simple, visible, federal retail sales tax – collected by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend, not on what we earn. It does not raise any more or less revenue; it is designed to be revenue neutral...."

2007-01-25 16:19:53 · 5 answers · asked by Roll_Tide! 5 in United States

im a 24 yr old male and i married a foreigner last year who has still not got her visa to come here in the USA. We married in her country and im trying to petition her to live here.However my parents still want to claim me on their 2007 taxes so they can get some money back from the gov..Is that possiable.

2007-01-25 16:15:10 · 14 answers · asked by realsame2003 1 in United States

does one have to claim pretax benefits as income?

2007-01-25 16:13:57 · 4 answers · asked by ayotte218 3 in United States

does anybody know the percentage of how much i will get back if my total taxes taken out was 2,020 and my gross was 14,300

2007-01-25 16:07:43 · 4 answers · asked by Anonymous in United States

My sister-in-law has a 4 year old child. She does not work. Both her and the child have lived with her first husband (not the boys father) since he was born. No one has ever claimed the boy on their taxes. The ex-husband/current boy-friend/sole provider of the household has to pay taxes each year instead of getting a return. Since the mother(my sister-in-law) was once married to the man, she kept his name and that is the boys last name. I have always thought that he should be able to claim him, but they think that since they are not married and the birth certificate lists the father as "unknown" that they cannot. Please Help.

Thank You

2007-01-25 16:07:30 · 5 answers · asked by LeLe 2 in United States

2007-01-25 16:05:38 · 4 answers · asked by Anonymous in United States

they all gave me differnet amounts? 50 dollars more 50 dolars less?

2007-01-25 16:03:37 · 2 answers · asked by Anonymous in Other - Taxes

2007-01-25 15:38:55 · 1 answers · asked by joran_5 1 in United States

yet I have bank accounts and some investments in the USA. What does this mean for me regarding taxes and filing? I have been told in the past that I did not need to even file. I haven't filed for 5 years. But recently it has been mentioned that if I have investments in the US, I need to file. What should I do? Will I be audited if I return to the USA?

2007-01-25 15:25:18 · 3 answers · asked by LadyDragon 3 in United States

I'm still not 100% sure on what to claim on my taxes. Right now it would be a lot eaiser for me to get more in my bi-weekly checks rather than a lump sum at the end of the year...In this case, what should I claim that they take less taxes out of each check? I don't have any children but I do live on my own/and have a full time job. What is the difference in claiming 0 and 1?

2007-01-25 15:22:55 · 1 answers · asked by valleygirl1828 2 in United States

i only made $500 from them and payed .64 cents to federal tax should i amend my taxes and add them i dont really know what the law says on that

2007-01-25 15:11:01 · 1 answers · asked by lusty dusty 1 in United States

can anyone tell me how my boyfriend would be able to claim my son since I didn't work at all and he was the one who supported him he is not his real father.But the tax places keep saying that he can not claim him like he claims or son but how do all these people claim other peoples kids and they don't live with them or support them I think that is messed up.

2007-01-25 14:47:16 · 4 answers · asked by shorty 1 in United States

My filing status was changed from Married/0 to Single/0 back in late January (I don't remember changing) and didn't realize until now on my W-2. Problem is no taxes were taken out ALL year! Isn't Single/0 the highest deduction or am I mis-informed? How can this be????? I am a single parent and normally get a large refund and now I feel doomed with probably owing an enormous amount.....Help!?

2007-01-25 14:41:30 · 5 answers · asked by butternbiskits 3 in United States

2007-01-25 14:32:34 · 5 answers · asked by MoM 2 in United States

I know that if we filed online they would hold the refund but would H&r block hold it or not give us the loan check the next day? I talked to ssa they're supposed to release the wage hold but they're taking forever or lying to me please help we need the money and i dont want to lose it can i file my taxes and get the loan while owing this money even know we did not cash the checks someone else did!!!

2007-01-25 14:30:35 · 4 answers · asked by jen h 2 in United States

I requested for my income tax refund to be deposited into my mothers checking account, because I don't have a new one opened since I have moved. Has anyone ever done this and did it go through ok?

2007-01-25 14:28:38 · 6 answers · asked by Anonymous in United States

2007-01-25 14:22:51 · 2 answers · asked by mrbatty 1 in United States

2007-01-25 14:17:11 · 2 answers · asked by poppycock 2 in United States

HOW TO FILE A 1099-Q TAX FORM.
COVERDELL ESA

2007-01-25 14:09:14 · 1 answers · asked by pete 3 in India

I have a small wholesale business..very small and i'm also a Realtor. I recently bought an Suburban. How do I show business use so that I don't get audited. I eventually will want to do a section 179 write off. I understand that I have to show business use. How do I do this?

2007-01-25 13:58:11 · 3 answers · asked by Anonymous in United States

I moved around and I think I misplaced it. I don't want to waste time and do it by snail mail. I found my last years W-2. Is my AGI on there? I don't want to mess up and delay my return because I put in the wrong info.

Thanks!

2007-01-25 13:45:37 · 3 answers · asked by Laynee 2 in United States

2007-01-25 13:40:05 · 3 answers · asked by dvlucchetti 1 in Other - Taxes

I am an unmarried man with no children. Every year, I have filed as head of my single person household. This year the rules seem different. Has there been a change in the law?

2007-01-25 13:39:41 · 4 answers · asked by ungerwins 1 in United States

I live with my Dad and he has always delcared me as a dependant on his taxes every year. Last year, I barely worked(was full-time in college) and only made about $1,000(total taxes was like $200). Should I file my own taxes for something different, so that I can get a little bit of money back, or should I just have my Dad put me on his file again, thanks.

2007-01-25 13:29:32 · 10 answers · asked by JerseyJeff84 2 in United States

I own a small construction company, 4 years ago a I lost a fairly large amount of money on a job I did. I was a sub constractor on the job, the company I did the work for filed bankruptcy on me and I got nothing. I'm wondering if that income I didn't receave from my work if that wouldn't be tax deductable at some point ?????

2007-01-25 13:29:07 · 4 answers · asked by ksguy33 1 in United States

My neighbor is a breeder. He has five kids and every year he gets a huge tax refund from the Earned Income Tax Credit. Within one week of the new year he already has his refund and all of a sudden he is ghetto rich. He buy's wheels & tires, quad & mini motorcycles...nothing really necessary. Why should someone who pays no taxes get a $ 6,000.00 refund? We pay all year and still owe at tax time...plus were trying to put a kid through college.
I wanna be ghetto rich!!!!

2007-01-25 13:27:33 · 14 answers · asked by Pinky Lee 2 in United States

I have a couple of W2's what would happen if i didn't bring in one that says i made about 4G's. This will make my income about 11,000. Will I be arrested or fined? what's the deal?

2007-01-25 13:17:26 · 3 answers · asked by Jonas_83 3 in United States

I need to find my earning from one job, but wasn't sure how much I made. Where do I go to find that info? How much income earning is required in order to file tax? (california area)

2007-01-25 13:02:07 · 11 answers · asked by koban4max 2 in United States

I am trying to prepare a tax return and need to find the federal id number for one of my previous employers.

2007-01-25 12:50:15 · 4 answers · asked by Scooter 2 in Other - Taxes