Taxes - March 2007

I know it sounds weird, but I am self employed as a secretary for a real estate company. I work 5 days a week, for forty hours. When I was hired, she told me that I will be considered an independent contractor and will have to take out my own taxes. I hate having to do it, but I don't have another job to fall back on.

At any rate, I know I have to take out 15% percent of my income for the extra burden of self employment tax. My husband is not working. We don't have any children. However, I was wondering if I would be able to claim the mileage of driving to and from work. I don't drive anywhere once at work though. I was previously told that claiming gas mileage is only possible if you are self employed, and is one of the perks of it.
I hope this is the case, because it seems like such a tremendous amount of tax to shell out each year.
I hope someone can clue me in, because I don't want to be side swiiped at the end of the year. Quarterly tax payments are not possible.

2007-03-13 12:15:19 · 5 answers · asked by Anonymous in United States

I got married last April so this is all new to me. We live in California. My husband was a student last year and made $15,000. I made $57,500. I would like to know what is more advantageous as a whole- filing joint or separate?

2007-03-13 11:29:55 · 8 answers · asked by CarlieD 1 in United States

I know someone who had their mortgage foreclosed upon and received a 1099A for the difference. Their tax accountant said that Utah is a non-recourse state. Is that true?

2007-03-13 11:13:51 · 1 answers · asked by sweetscgrl 1 in United States

My wife owes money on student loans and has her tax return garnished every year, I want to keep my return, What should I do?

2007-03-13 10:57:11 · 14 answers · asked by JAYBEE 1 in United States

Is there any added tax advantage to claiming more than one child Under Head of household? What if any added advantage is claiming two versus one?

2007-03-13 10:55:05 · 4 answers · asked by mike f 1 in United States

I am putting together a SOP for my office and need to know all the reasons you should fill out a "Loss and Incident Report". Thanks so much!

2007-03-13 10:44:20 · 2 answers · asked by Erika M 1 in United States

2007-03-13 10:13:20 · 2 answers · asked by ICYWOLF 1 in United States

We live in North Carolina and have sooo many taxes it is impossible to live here on "normal" wages! We get taxed on our cars for the life of the car, state tax, property taxes in our area that increased 95%, etc. We are trying to figure out how we can get things changed or at the very least, lightened up a bit. Any suggestions (other than moving) are welcome! :o)

2007-03-13 10:01:55 · 4 answers · asked by radahabas 2 in United States

In 2002, my husband got hit by a drunk driver on his motorcycle and was in ICU for weeks. His medical expenses were so high. He did not file his taxes for that year and in 2003 b/c he was so messed up from his accident. Then, later that year we met and in 2004 I went with him to file his taxes for all 3 years. At the time, I was not aware of being able to deduct his medical expenses. Am I able to file amended returns for those years, or is it too late?

2007-03-13 10:01:12 · 4 answers · asked by babofa 2 in United States

I have joint custody of my daughter and live in Florida. My ex just had a baby from another father which she claims head of household. Is there any advantage to her claiming both kids under head of house hold. Or, is it to our advantage for me to keep head of house hold on our child and she keep head of house hold on the newborn?

2007-03-13 09:48:16 · 2 answers · asked by mike f 1 in United States

Also, if you've already filed as joint can you change to single the following year?

2007-03-13 09:43:31 · 4 answers · asked by Strawberryblonde 3 in United States

2007-03-13 09:22:08 · 12 answers · asked by Lori C 1 in United States

2007-03-13 09:10:49 · 8 answers · asked by leighann20022002 1 in United Kingdom

2007-03-13 08:54:28 · 3 answers · asked by shibam16talukdar 1 in India

Does anyone know the percentage of your wages that goes straight to general taxes?
If you have claimed 1 on your tax form and have no health insurance to pay for yet how can you calculate your actual net pay after taxes?

2007-03-13 08:48:40 · 5 answers · asked by Anonymous in United States

2007-03-13 08:44:45 · 6 answers · asked by Lakecia S 1 in United States

how much taxes do i need to get out of my check for taxes?

2007-03-13 08:18:14 · 3 answers · asked by newbie 1 in Other - Taxes

don't pay it what will happen to your taxes?? or is it automatically turned and in and you are charged then, I live from pay check to pay check and don't have a hundred dallors to give them to get my taxes back??? what should I do??

2007-03-13 08:17:17 · 5 answers · asked by kathleen h 2 in United States

So I am doing my taxes; itemizing.I get down to line 72- "Total Payments" I am told to subtract line 63 (Which in my case is $0) from Line 72 (My federal income tax amount). 63, being $0 would mean that I get it all back which I know is completely wrong. Also, It would nullify the entire rest of the form that I worked on. IF you have a clue of what I'm talking about, could you tell me where I went wrong?

2007-03-13 08:14:46 · 3 answers · asked by Anonymous in United States

2007-03-13 08:13:18 · 1 answers · asked by bill d 2 in Other - Taxes

and want to sell my house after lvining in it for only 22 months. Will I still have to pay Capital Gains or can I get away with a smaller percentage?

2007-03-13 07:44:41 · 3 answers · asked by Doug M 1 in United States

or ... will i end up owing... i've been told both things! And how would I go about doing that (filing for the past years)?... Any one know?

2007-03-13 07:15:51 · 8 answers · asked by Kitty K 1 in United States

2007-03-13 06:30:26 · 2 answers · asked by DANIEL S 1 in United States

We rent an apartment in NC.
My husband works in SC. I do not work.
Do we have to file for NC tax return, since we are residents only, but do not work in the state?
(We have already filed in SC)

2007-03-13 06:29:25 · 5 answers · asked by Anonymous in United States

to ensure a refund next year?

2007-03-13 06:23:42 · 3 answers · asked by angel1183 2 in United States

2007-03-13 06:18:32 · 7 answers · asked by Mandi Jo 3 in United States

Can somebody told me because my boss made me file a W4 form i never heard that before.

Thank you

2007-03-13 06:08:52 · 1 answers · asked by BOOKEY 2 in United States

I would choose 1040EZ over 1040NR or 1040NR-EZ coz of higher deductions (8150$ compared to 5150 or 3300), which means more tax back for me :D. Can it be done?? Will I have probs with the IRS ?

I want to mention I wanna do my own taxes, pls don't send me any links to tax-preparing companies...

Oh, and also, I have to mention I have spent more than 183 days in the US in 2006, does that qualify me to file a tax as a resident ?

2007-03-13 06:08:07 · 4 answers · asked by jonp1978 1 in United States

I have takn a term loan from IDBI of 1105 cr, but fro some govt. policy I got some losses but now my unit is growing , now I have to repay of 705 cr to IDBI plz tell me some friendz name who can help me in this , I will me much tannkfull .

2007-03-13 05:49:42 · 4 answers · asked by danis _ 1 in India

I would choose 1040EZ over 1040NR or 1040NR-EZ coz of higher deductions (8150$ compared to 5150 or 3300), which means more tax back for me :D. Can it be done?? Will I have probs with the IRS ?

I want to mention I wanna do my own taxes, pls don't send me any links to tax-preparing companies...

2007-03-13 05:49:14 · 4 answers · asked by jonp1978 1 in United States