Taxes - March 2007

2007-03-25 10:35:02 · 4 answers · asked by suzie 2 in United Kingdom

I sold some stocks this past year and received a "Form 1099-B". I understand that I am supposed to fill out a Schedule D using this information, but I don't understand what I list in columns (d) and (e) in order to determine column (f)--the Gain or Loss. In column (d) do I list the total proceeds I received from the stock sale (as is listed in 'box 2" on my 1099-B)? And I have no idea what to put in column (e)--the "Cost or other Basis". My particular confusion revolves around the fact that I purchased this stock about 17 years ago and it has obviously changed a lot (split, etc.) over that period. So while this past year I only sold a portion of the shares I own, I don't know how that compares to when I purchased it. In other words, in column (e) do I report what I paid for everything that I bougt in 1990 or just a portion of it?
Thanks for any information you can give me.

2007-03-25 10:05:34 · 1 answers · asked by xander_earl 2 in United States

I became an independent contractor this past January when I began tutoring high school students. This is in addition to my full-time job. I would like to pay my taxes quarterly so I don't end up with a huge amount to pay next year. Can anyone point me in the right direction to estimate the taxes I owe?

2007-03-25 09:30:51 · 3 answers · asked by Amsiar 4 in United States

i have 2 jobs. one takes out taxes and the other does not. Unexpectidely, I ended up working alot in my 2nd p/t time job, where they did not take out taxes (no Fed income, no CCN, and no medicare). I can handle the payment for the fed taxes but I am not sure about what do I do about the other two....need help... I dont know if this helps but I was a student till may '07 last year....

2007-03-25 09:29:53 · 4 answers · asked by gaurav_43 1 in United States

I am using someones credit card & pay them $100 per week cash & they don't want a 1090 at the end of the year. What can I claim the $100 per week as?

2007-03-25 08:51:19 · 4 answers · asked by Anonymous in United States

I live in NY and work in Ct - Are my Federal Capital Losses carried over to my CT state tax report ?

2007-03-25 08:06:43 · 2 answers · asked by John W 3 in United States

2007-03-25 07:59:34 · 3 answers · asked by Russel M 1 in United States

I don't enough medical expenses for the year 2005. Can I accumulate expenses from 2005 & 2006 and deduct them on my 2006 tax return?

2007-03-25 07:59:12 · 5 answers · asked by Anonymous in United States

2007-03-25 07:07:03 · 3 answers · asked by nmikki2002 1 in United States

I'm going to take over my Father's buisness and he owns a tax servise. He took classes by USC and I want to know the best college to become a tax accountant, financial planner, and a stock broker. It doesn't matter where it is or how much it cost.

2007-03-25 06:31:07 · 4 answers · asked by Anonymous in United States

can some please suggest, I have to file my W2 returns. To add a dependent is there any seperate form? How to get child credit? what is form 8812 for?
Please help me.

2007-03-25 06:14:03 · 1 answers · asked by smile 1 in United States

I am having a problem that has to do with taxes...

I pay rent to my landlady and I am currently looking for a job...I am also on benefits, so I receive a job seeker's allowance and a big part of my monthly rent. The problem is, since I am not a student any more, my landlady has to pay an additional 25% of taxes, so she asked me to pay for it since it is a lot of money for her, apart from the rest she has to pay. If I do not pay, she will prefer a full time student who would be exempt. So, the final result? On the one hand I receive the benefits, on the other hand, the money goes back to them!! I will be having the same problem even if I move to any other house...any suggestions?

I have already been to the benefits department, and they just do not understand what I am saying to them...they gave me the answer: Your landlady had received a 25%discount which was not supposed to...I already know that. The thing is...I am the one who pays for it instead of her! Oh! And it is backdated!

2007-03-25 06:11:29 · 2 answers · asked by Natalie P 2 in United Kingdom

2007-03-25 06:10:12 · 5 answers · asked by jimbob 2 in United States

I am taxed on my paycheck, then when I go to the store to buy something, I am taxed again.

Whats the deal here?? Why is this allowed?

2007-03-25 06:09:41 · 3 answers · asked by tapc101 2 in United States

My father quit claimed his house to his 5 children in Fall 2005. He was in a nursing home and the house was never lived in again. We sold the house in Dec 2006 and split proceeds between all 5 children. What tax liabilities are each child responsible for? Originally the house was in his will and to be inherited upon his death. Any help will be greatly appreciated.

2007-03-25 06:04:14 · 3 answers · asked by sjbe1 1 in Other - Taxes

There's a vast underground economy in the US that never gets taxed. All of the honest citizens who pay everything they owe get completely screwed by these scammers. We could reduce taxes for everyone (and I suspect substantially) if the scammers couldn't get away with it. Surely, there's an alternative to the present system!

2007-03-25 05:15:52 · 6 answers · asked by Anonymous in United States

owe about 350 dollars to taxes this year but am not working

2007-03-25 04:59:26 · 3 answers · asked by HOOKIE 1 in Australia

If I rent this flat to a german citizen, where should I pay the income tax, for instance.

2007-03-25 04:50:28 · 2 answers · asked by Balaur G 1 in Other - Taxes

hi my mom sold a flat in my name--should i pay capital gains,if yes,whts the percentage,also i wud like to purchase a property against it so that i can minimise the total amount--if i can do that-how soon after the time the flat was sold should i buy it .thanks a million india--tax-capital gains

2007-03-25 04:13:39 · 3 answers · asked by fahima 3 in India

they say its my fault for not noticing, and now i am in financial difficulties because of the amount i owe. as far as i know, i signed all the paperwork, but i am not recieving any help from my human resources department to resolve the issue, and i dont know who to turn to for help

2007-03-25 04:04:25 · 11 answers · asked by dragn 3 in Other - Taxes

Self employer,Own business proprietor,Own flat,male,age 50 with wife and 3 children.Income for financial year 2006-07 is Rs.306500.

2007-03-25 03:59:20 · 7 answers · asked by Gani 1 in India

2007-03-25 03:40:22 · 5 answers · asked by sdtex 1 in United States

2007-03-25 03:40:01 · 4 answers · asked by Anonymous in United States

with out entering my educational expenses i efiled my tax returns....is it possible to change my deductions/expenses after eflining..

2007-03-25 03:32:13 · 6 answers · asked by nari 3 in Australia

sold shares of Ford motor company throughbroker in New York.

2007-03-25 03:31:29 · 2 answers · asked by Anonymous in Other - Taxes

2007-03-25 03:11:03 · 2 answers · asked by Anonymous in United States

2007-03-25 03:07:18 · 2 answers · asked by baboo b 1 in India

2007-03-25 02:56:23 · 6 answers · asked by Tracy H 1 in United States

I never filed return.

2007-03-25 02:28:40 · 7 answers · asked by Vijay Soni 2 in India

i owe $432.00. What will be the best payment arrangement for me. I cant pay this amount once. Can I have the idea of the interest.Any help
Am I qualify for 120 days extensionor should i do payment deductions from my checking account

2007-03-25 02:24:45 · 2 answers · asked by yankieby 1 in United States