Taxes - March 2007

2007-03-29 08:08:20 · 6 answers · asked by jackie m 1 in United States

-- 2.5% on the first $2,570 of taxable income
-- 3% on taxable income between $2,571 and $5,140
-- 4% on taxable income between $5,141 and $7,710
-- 5% on taxable income between $7,711 and $10,280
-- 6% on taxable income between $10,281 and $12,850
-- 7% on taxable income of $12,851 and above.

That's the scale of South Carolina state tax. How do I interprit that?

2007-03-29 07:45:14 · 8 answers · asked by Enterrador 3 in United States

Is it regular income or what?

2007-03-29 07:37:33 · 4 answers · asked by dmk1492 1 in Other - Taxes

Or should they still be exempt while they claim to be non-profit while hording Millions in the bank?

2007-03-29 07:36:27 · 6 answers · asked by Anonymous in United States

2007-03-29 07:34:03 · 6 answers · asked by btplowing 1 in United States

My Colleagues at work claim that US States pay taxes to the Federal Government but that this amount is less than they get back from the Federal Government.

2007-03-29 07:33:09 · 7 answers · asked by TheAmberOtter 3 in United States

'm a nail technician (manicurist) and I've been working for about 2 years. The problem I'm hearing from friends outside of the business is that I need a W2 form from my employer (which I'm not getting since day 1). My employer said I don't need one but my friends said I must get one to get my tax return (I also get no tax return for two years already, I make $10,000+ a year). Could you help explaining to me if I do need or not and about the tax return?
I have consulted with my tax agent and he told me that I would need a W2 from my employer. Any clarifications please? thanks!

2007-03-29 07:28:11 · 7 answers · asked by Hung N 2 in Other - Taxes

i was working in an individule business but i did not get my w2. every time i was asking my boss about it was telling me some story then i found out that he did not file me for tax.

2007-03-29 07:11:29 · 7 answers · asked by nick m 1 in United States

I had only one job last year, and my adjusted gross income was approximately $1,500. I'm 31 y/o, single with no dependents. Is there a way for me to get all that money back as a refund? If so how?

Or do I have to settle for a small refund amount of a few hundred dollars?

2007-03-29 07:00:51 · 6 answers · asked by Anonymous in United States

i have came to a delima. we have a child but or mother-in-law has gardianship of her, temp. gardianship. we have had her for 9 months out of the year. not the mother-in-law. so we want to file our taxes and wonder if we can claim our child being we have had her for the 9 months . but what will the gardianship do? please help. e-mails to bigjakajohn@hotmail.com thanks

2007-03-29 06:27:01 · 5 answers · asked by john m 1 in United States

If one spouse files first and takes the itemized deduction, and LATER the other spouse files and use STANDARD, what will happen?

Nobody can file as head of household, filing jointly is not an option.

2007-03-29 06:16:18 · 7 answers · asked by QKG 2 in United States

what all can i itemize for tax credit to get refunded?

2007-03-29 06:05:35 · 3 answers · asked by mooney p 2 in United States

2007-03-29 05:39:34 · 3 answers · asked by don s 1 in Australia

i want to start a hair business, selling hair, asians have the market on lock and most, not all, but most are rude and unappreciative of the customers business. i feel like i know the market very well and would like to distribute, the catch is they get a tax break, what about a foreign partner to get me a tax break

2007-03-29 05:32:56 · 2 answers · asked by ilovehair 2 in Other - Taxes

If anyone made $32,991 or close to it how much did the goverment take for tax purposes my dad is supid and keeps sending me the wrong in for and my college getting mad at me

2007-03-29 05:31:52 · 4 answers · asked by ladyscorpian14 2 in United States

2007-03-29 04:23:44 · 3 answers · asked by mike/ekim 1 in United States

My family moved more than 300 miles to a new home. Since we had twins born last year and a four year old, we needed help and my in-laws live near us now. My wife has found a job as an RN, which is what her previous position was as well. Are we allowed to claim the moving expenses on our taxes or does that apply only for certain circumstances which we don't qualify for? Thanks in advance.

2007-03-29 04:21:10 · 4 answers · asked by Chris F 2 in United States

I moved mid year. I am otherwise eligible for e file.

2007-03-29 04:02:50 · 5 answers · asked by briadangelo 1 in United States

1. He worked as independent sales during that period of time so taxes were not deducted from the pay check.
2.Now were filling jointly and taxes were deducted last year. we are expecting a refund.
3. What IRS will do in this situation?


Thanks

2007-03-29 04:01:57 · 12 answers · asked by ginany25 1 in United States

2007-03-29 03:34:57 · 3 answers · asked by SG 2 in United States

My son is 18, is in college and will get more of a tax refund if he is not claimed as a dependent on anyone else's tax return. His mother (my ex) wants to claim him so she gets more of a deduction. In spring of 2006 he was in high school and lived 1/2 time in each of our houses. In fall of 2006 he was in college and his tuition room & board was paid for by funds that he received as a gift from his grand father.

Who wins?

2007-03-29 03:09:45 · 6 answers · asked by Anonymous in United States

My ex CFO told me that as a Florida resident, he does not pay any state income tax. How do I go about setting that up for myself? I am self employed and living in NYC.

Thanks.

2007-03-29 02:56:10 · 4 answers · asked by Anonymous in United States

If I will be getting a refund, is it ok if I file late? Is there any penalties for filing late?

2007-03-29 02:49:47 · 10 answers · asked by caligirl 1 in United States

Guys, and gals, ok, I know most of you are not tax attorneys (and I am not either!) but I want to see what others think. Ok I got my federal tax refund, right. It was $693. TurboTax, however, had calculated $698, and the data they sent into the IRS electronically said $698. So I got a Notice 54 with it, saying that "in a few days" I would get a notice with more info (because the amount was lower than expected). It also said "please do not call the IRS until you get the notice" or words to that effect. Well, I got that stuff on 9 March and it is now 29 March. Nothing more has come from the IRS. Should I just cash the check? It's only $5. Or should I wait, in case they want the check back??????? The check would help me cover a deposit on a rented room I would like to move into (I can cover the rent every month but the deposit puts it over my budget). Give me some advise guys and girls!!!!!!!! Please!!

2007-03-29 02:32:50 · 7 answers · asked by TaoSeeker 1 in United States

I have two questions. Is the dependent child tax credit $1000/child? How do I enter the information on the online version of Tax Act?

Here is my situation. While using the software, it asks how long has each child lived with you in 2006 in months. I am married and we have a 4 year old. For him it is easy since he lived with us the whole 12 months, it looks like I am receiving the full tax credit. We had twins who were born in August of 2006. If I insert that they lived with us for 4 months, it doesn't look like we are receiving the credit probably because it is calculating it as partial year. If I enter 12 months, it is a lie because they were born in August. What is the solution? Would most software programs work the same way as far as calculating the amount? I'm sure others have come across this. Thanks in advance.

2007-03-29 01:07:05 · 6 answers · asked by Chris F 2 in United States

I have a mortgage at 6% and I have been told for tax reasons it is good to refinance the house, just not sure if it is worth the expense to refinance; will it help that much with the interest I claim.

2007-03-29 01:03:19 · 6 answers · asked by Phyllis B 1 in United States

2007-03-29 00:38:15 · 3 answers · asked by Anonymous in United States

2007-03-29 00:20:59 · 11 answers · asked by Songbird 3 in Other - Taxes

We want to give both set of parents a large $ gift to hold for us. We are going to law school next year and want to utilize as much of the aid as possible. We have three children so we need to have money to live on also, how can we give this money to my parents to hold for us and get it back when we need it. And is this legal?

2007-03-29 00:12:43 · 3 answers · asked by Tammy 2 in United States

I live in Massachusetts and can't find the stupid mailing address for the federal taxes. Help would be appreciated. Thank youuu.

2007-03-28 23:43:44 · 4 answers · asked by Leesher 2 in United States