Taxes - March 2007

How does this compare with other countries?

2007-03-09 04:00:54 · 4 answers · asked by ajwillis2002 1 in United Kingdom

Have never really found a YES or NO answer to this question but here it goes.

One home - two home owners - Not married own a house together. Do they HAVE TOO split the mortgage interest and property taxes or can one claim everything on their Schedule A?

Thanks.

2007-03-09 03:57:01 · 5 answers · asked by sapugh 1 in United States

Hi, frnds..As per sec.40A(3) of Income Tax Act, the otherwise allowable expenses will not be allowed if they are paid otherwise than by a crossed chq or crossed DD. But when a business person issued a bearer chq and claimed the exp how can the IT ppl know whether chq issued was crossed or not???

2007-03-09 03:48:29 · 3 answers · asked by canuplstelme 1 in India

2007-03-09 03:37:33 · 14 answers · asked by abi7112003 1 in United Kingdom

2007-03-09 03:06:39 · 2 answers · asked by Gustavo B 1 in United States

2007-03-09 02:57:08 · 11 answers · asked by neha 3 in United States

Can you take a tax deduction for a monetary or property gift to a child?

2007-03-09 02:52:04 · 3 answers · asked by John W 3 in United States

Or is it a coincidence that one week after asking a question on how to avoid tax, I got an IRS audit.

2007-03-09 02:51:15 · 18 answers · asked by Jamie 2 in United States

Everything has embedded taxes. I'm not talking about the 7% sales tax or local taxes. I'm talking about the materials, labor, etc... that was required to bring that product to market. At every stage there were taxes and you end up paying these taxes in the end. For example, a company buys the material, that's taxed, a laborer sews a few seems his pay is taxed and the company must match some of those taxes..... There's much more but you get the idea.

2007-03-09 02:19:43 · 2 answers · asked by Keith C 2 in United States

And the damn government took out taxes on it......over half of the total amount. He had a total of about 13,000. The government took out over 8,000 and left him with only 5,000. He worked at his job for 18 years...and that's all he gets?????

There has to be something he can do about this!!!!

2007-03-09 02:19:36 · 8 answers · asked by ? 6 in United States

2007-03-09 02:11:49 · 4 answers · asked by maumau 1 in India

I haven't done my taxes yet...

2007-03-09 02:08:31 · 8 answers · asked by Dama 3 in United States

2007-03-09 02:06:11 · 6 answers · asked by jason d 1 in United States

income tax questions with answers

2007-03-09 01:57:33 · 3 answers · asked by john 1 in India

2007-03-09 01:55:45 · 9 answers · asked by planting2lips 2 in United States

I’m trying to figure out what to do if I sold my home because I got married. I bought my home in June of 2004 and sold it in February of 2006 because I was going to get married and moved in with my spouse. We got married later in 2006. I did not own the home for the full two years to meet the tests to exclude the gain. I guess my question is, if I didn’t know I was going to get married when I bought my house, is that an unforeseen circumstance? I can’t find anything about this on the IRS website. Any information would be helpful.

2007-03-09 01:50:20 · 5 answers · asked by Liz S 1 in United States

Hi all, I saw this in a closed question, but i didn't know if it was resolved. My preparer put a different bank of america routing number than the one I gave them on my return for e-file. I called Bank of America and they sid it should get rejected. the "Wheres my refund" website just says it was deposited on march 2nd. I called today and the girl told me to fill out a form 3911 but that seems to be for "lost" payment which this isn't necessarily. It seems most websites say to just wait and i'll get a paper check but will the "Where's my refund" page change? How long should I expect? Thanks in advance I just don't want to do anything wrong here and screw up this more.

2007-03-09 01:35:49 · 5 answers · asked by tools6900 2 in United States

I got married about a year ago. I haven't changed my filing status yet to married. I want to know what will happen to my weekly check if I change it to married. Will it go up or down? Is it a good idea? I ask because I like a big refund check at the end of the year.

2007-03-09 01:34:32 · 8 answers · asked by staggvocals 2 in United States

By which I mean - they take a certain percentage out of your check and there's no negotiating it at the end of the year as with state and fed tax. Whats the ideology behind making the rich and the poor all pay this same percent tax? (Its 6.2% for SS and 1.4% for Medicare)

2007-03-09 01:04:34 · 6 answers · asked by numberforty1 1 in United States

Can I only deduct the monthly payments or the entire lease costs including downpayment/tax/licensing fees. Also, can I continue to claim/deduct mileage cost on my tax return in addition to the lease cost? Also, can I claim 100% of the lease cost as a businesss expense since I have a 2nd car for personal use without it being a red flag to the IRS?

2007-03-09 00:59:48 · 1 answers · asked by James007 1 in United States

I owe about 2500.00 in income taxes from several years ago. They have frozen my bank accounts. The bank told me once I authorized the money in the account to the comptroller the hold would come off. The comptroller tells me they are waiting to find out what the amounts are in the accounts from the bank. I am stuck in the middle. I have worked out a payment plan. I want to close the accounts and I have already opened new ones in the state I live in now. (PA) Can they freeze these accounts too or are they only able to do it in accounts opened in the same state MD? Any advice would be of great help. Thanks

2007-03-09 00:02:26 · 2 answers · asked by sshaner892000 2 in United States

2007-03-08 23:54:49 · 14 answers · asked by shambhu P 1 in India

Hello I am CONSIDERING my boyfriend moving in with me. However, I am disabled, currently recovering from a chronic illness, and wondered what benefit will I lose. He is a freelance worker but he does earn full time by the time the year is out. I am on housing benefit, council tax benefit, income support and disability living allowance. Any advice appreciated, website links etc. too. Many Thanks

2007-03-08 23:27:03 · 6 answers · asked by deli_cate2 2 in United Kingdom

I would like to increase my state tax withholding from 1 to 2 - what form do I need to fill out & submit to my employer?

2007-03-08 22:59:47 · 2 answers · asked by fhjccy 1 in United States

My freind has just took on a part time bar job on top of full time job. Her new employer is asking her for a P45, which since she is still working full time she does not have. She does not want her day time employer to know about her new job, what should she do to ensure she pays correct tax, at moment she is paying emmergancy tax?

2007-03-08 22:39:44 · 6 answers · asked by djp6314 4 in United Kingdom

2007-03-08 22:10:45 · 3 answers · asked by prettynpurplet26 1 in United States

I invested in the american stocks market but I am not american nor residentet in US. What is my tax situacion?

2007-03-08 21:57:14 · 4 answers · asked by Luis Luna 1 in United States

2007-03-08 21:42:54 · 6 answers · asked by Anonymous in United Kingdom

Please expalin about standard deductions
Maximum tax exemptions methods

2007-03-08 21:13:00 · 5 answers · asked by Kartheek 1 in India

I cant make this years deadline because my W2 went to my old address in NYC and the person who has it hasnt sent it to me and I dont think she will anytime soon. Is this gonna be a problem? What can I do? The company I used to work for closed and I now live in Florida.

2007-03-08 20:54:50 · 9 answers · asked by Anonymous in United States