Taxes - March 2007

A friend made alot more money this year and her husband received his SSI of $14,000 dollars(backpay), which they have to claim 85% of and she made around $134-50000 herself. They have very little write offs and she is really worried as they are still paying last years taxes. She paid in $18,000 federal and I forgot how much she paid in state. Any info would be appreciated.

2007-03-28 08:21:04 · 3 answers · asked by Missymoo 2 in United States

You own the corporation and use the truck payments and gas on the corporation for a tax deduction, then you also use the mileage on that same truck for your own personal tax deduction.

2007-03-28 08:18:38 · 5 answers · asked by Anonymous in United States

2007-03-28 08:09:33 · 5 answers · asked by Hector F 2 in United States

I was getting a divorce last year and was wanting to know what status ti file under. The divorce wasnt final until January of this year. We were apart almost the whole year. Should I file single or Married filing separately. Please let me know. Thanks.

2007-03-28 08:06:30 · 6 answers · asked by Anonymous in United States

One last quick question when the IRS does issue you a refund and its a check do they mail it out on Fridays like direct deposit?

2007-03-28 07:46:29 · 3 answers · asked by sonia o 1 in United States

A friend of mine said that her and her husband do it and are able to cover the second payment due for the real estate taxes. If this is so then how do you go about doing it?

2007-03-28 07:44:08 · 2 answers · asked by Hemi 2 in United States

2007-03-28 07:18:53 · 3 answers · asked by mags0501 1 in Other - Taxes

I have some queries/doubts about the tax system in India.I want to communicate with them via email.

2007-03-28 06:53:10 · 6 answers · asked by sgoel 1 in India

2007-03-28 06:50:46 · 5 answers · asked by sgoel 1 in India

I have been waiting since Jan 18,07 for my refund i know others were getting code 1121 or 1201 on the IRS web site about thier refunds, is there anyone out there still waiting or has everyone gotten there refunds or any answers??

2007-03-28 06:48:39 · 8 answers · asked by sonia o 1 in United States

Here is a table and some information. I need assistance filling in the blanks.

Table A
On Taxable Income The Tax Rate is
Up to $27,050 15.0%
From $27,051 to $65,550 27.5%
From $65,551 to $136, 750 30.5%
From $136,751 to $297,350 35.5%
Over $297,350 39.1%

Tax Payer income Tax amount Average tax rate
John $52,700
Todd $132,500
Glen $237,000
Jake $315,250

Please help me find tax amount and average tax rate.

2007-03-28 06:34:16 · 3 answers · asked by Scippio of Light 5 in Other - Taxes

Please ans my questions.
=If we pay college tution from our savings,do we get tax benefit for it?

=If we get a personal loan,do we get tax returns for the amt paid in the intrest?

=Where can i get more information about things to keep in mind before filing tax, if i plan to take loans and start college this yr.

2007-03-28 06:33:11 · 4 answers · asked by drdu 1 in United States

Can anyone tell me how I can get around filing a 1099 misc form? Is there anything else I can file as a contractor?

2007-03-28 06:25:23 · 4 answers · asked by David W 1 in United States

Myself and the kids stayed in our home in the US, what are our options in filling taxes and can he get the foreign income exemption?

2007-03-28 05:38:24 · 2 answers · asked by Dana N 2 in Other - Taxes

And if I can, how would one go about it?

2007-03-28 05:35:18 · 4 answers · asked by Duncan S 2 in United Kingdom

Please note I'm not Gordon Brown... I just think we should give lower income people significantly more financial freedom, perhaps balancing out lost tax revenues with an increase on VAT to 20% or other suggestions welcome.

2007-03-28 05:28:22 · 2 answers · asked by Anonymous in United Kingdom

My son is considering forming an LLC to purchase a percentage of the company he currently works for. He will own a portion of the company and receive profits commensuate with his ownership. The make this purchase possible, I am considering making a large loan to his LLC. If the LLC elects to be taxed as a corporation, are the payments of interest and principal of the loan expensed against the 'profits' he will receive from his partial ownership. Can remaining profit or a portion of the profit be retained by the LLC and taxed at a lower corporate rate? We're trying to structure this purchase in a way to minimize income tax due while the capitalization loan is being paid off. Any help will be greatly appreciated.

2007-03-28 05:27:41 · 4 answers · asked by mainlandd 1 in United States

2007-03-28 05:12:07 · 13 answers · asked by Kee kee b 1 in United States

2007-03-28 05:11:26 · 1 answers · asked by Kee kee b 1 in United Kingdom

I filed my federal taxes online and didn't do the state taxes cuz they charge you for that. How do I file state txes? what for do I use for that? can I fill it out and then mail it in?

2007-03-28 04:44:16 · 4 answers · asked by mae_mae 2 in United States

I do my own taxes
Long term gain or loss rule applies

2007-03-28 04:17:47 · 2 answers · asked by lj_1219 1 in United States

i'm preparing some 1099's for various american contributors and am missing the SSN or tax ref no's.. is there a free site where i can enter an individual's name / address and the result would be their contact number etc so as i could contact them ???????????

2007-03-28 04:04:06 · 6 answers · asked by david s 1 in United States

Has anyone gotten that before. The status and anticipated refund date was there on the IRS Where's my refund but then I checked today Wednesday it says there is no record.

2007-03-28 03:52:57 · 2 answers · asked by Anonymous in United States

2007-03-28 03:43:30 · 8 answers · asked by lifesong0622 3 in United States

I already filed my original Tax Return and just got another Form to file. Do I have to file the amended Return also before April 15 or can I do that later on this year?

2007-03-28 03:32:17 · 5 answers · asked by Sylvia 3 in United States

When filing Federal Income Taxes, do you round to the nearest dollar, or do you use exact numbers, cents included? My state tax book is telling me when i file state taxes to round. But i've searched the entire IRS handbook for federal taxes and have found nothing. Anyone have any idea?

2007-03-28 03:27:41 · 8 answers · asked by Anonymous in United States

thank you

2007-03-28 03:26:56 · 3 answers · asked by Lynda 1 in United States

if you made agreement with the school to pay off your student loan..can they still take it..

2007-03-28 02:44:34 · 6 answers · asked by Anonymous in United States

2007-03-28 02:44:03 · 5 answers · asked by icecreamheadache420 2 in Other - Taxes

2007-03-28 02:34:25 · 7 answers · asked by Anonymous in United States