Taxes - April 2007

after being paid weekly for over 4 years they have decided now to pay bi-weekly. my question is am i going to see a difference in what i am bringing home?i work 40 regular hrs and about 15 overtime in a week. could i just double what i bring home weekly to figure ut what i will be getting bi-weekly??

2007-04-24 04:28:43 · 8 answers · asked by kelly m 1 in United States

2007-04-24 04:02:52 · 1 answers · asked by jack675120002000 1 in United Kingdom

I just got my 2006 federal tax return in the mail yesterday, does anyone know when I can expect my 2005 amended tax return? Are they suppose to come at the same time? Should I be worried?

2007-04-24 03:45:50 · 3 answers · asked by Young Chea 1 in United States

So, I'm a freelance employee. An my last client didn't ask me to fill out a 1099--he just paid my invoice in full. When it comes to taxes next year, I assume I'll pay both taxes and SS... but how do I figure that out? Shouldn't the client offer a 1099, or is there a way to do this without? Other helpful info--I'm not an LLC or any other legal company. Just a person doing some stuff. ;)

2007-04-24 03:16:52 · 6 answers · asked by jobseekeratl 1 in Other - Taxes

Someone I know has rented their flat for a small amount of time (under yr) to a student therefore can claim back the council Tax. However if they try to claim the money back they inform the Local Govt that their property has been rented. Therefore news might get back to the Tax man thus would they have to pay income tax on the rent income? The rent income only covered the mortgage so no money (profit) was made but are they still taxable? If so would it be best not to claim back the council tax so no one knows the flat's been rented.

2007-04-24 03:03:39 · 11 answers · asked by A . Z . 3 in United Kingdom

In the one of the recent mails i have got in the yahoomail from the msn.awa.team@hotmail.com. they told that
The prestigious Microsoft and aol has set out and sucessfully organised a Sweepstakes marking 2007 anniversary we rolled out over £5,000.000.00 (Five million Great Britain Pounds) for our year Anniversary Draws. Participants for the draws were randomly selected and drawn from a wide range of web hosts which we enjoy their patronage.
And i am one among the 10 jackpot winners they have selected. For other details they are asked to consult the e-courier company in United Kingdom
ecourier Delivery Service, The Old Truman Brewery
11 Hanbury Street , London
E1 6QR ,
REG ORDER NO: OM657252
Tel: +44 701 113 0994
Fax: +44 870 471 4089
ecourier@ecourierdepartment.orangehome.co.uk.
Thier Delivery officer Mr. Lelvin Smith asking me to pay 396 UK pounds for the purpose of delivery charges. Already i payed 396 pounds, now he is asking to pay 534 punds more.true/not

2007-04-24 03:03:34 · 4 answers · asked by chavali venkatasiva subrahmanyam 1 in United Kingdom

I don't mean completely... but how can I take advantage of it as an independent contractor? Are there any loop holes?

2007-04-24 03:01:29 · 6 answers · asked by Anonymous in United States

2007-04-24 02:49:30 · 3 answers · asked by Anonymous in United States

like on land & building , plant & machinery, furniture & fixture

2007-04-24 02:15:49 · 9 answers · asked by Anonymous in Other - Taxes

I recently purchased a 2.5 bedroom condo in Dec 2006, I just received a letter saying that for thr tax year 2005 I am delinquent for $3225.68 property tax, am I the one supposed to pay that even though I recently acquired the condo? Please I need advice .

2007-04-24 00:49:13 · 4 answers · asked by Maya 1 in United States

I know there are different tax rates based on how long you hold onto a stock. Is there a similar rule based on the % change in value? For example, if your stock goes up 10% vs 50%.

2007-04-24 00:06:04 · 3 answers · asked by InvisibleWar 2 in United States

If social security is estimated to last until 2041 and medicare until 2019 ( in either case by the time I reach retirement , these funds will be depleted)..why do they continue to take these out of my paycheck? As my parents generation were working, didn't the money they put in go to fund their generations benefits? Why is money taken out of the younger generations benefits if they will not be able to benefit from it;. Couldn't I just take that money and invest it myself? Thanks

2007-04-23 23:01:00 · 7 answers · asked by butterfly234 4 in United States

In this movie, a woman owes $500 in taxes on her home. The government therefore confiscates her home, leaving her with no cash and nowhere to sleep except her car.

In reality, if this happened, wouldn't the government take your house, auction it, then take the owed taxes from the proceeds, and then give you the change (in this case thousands of dollars)?

If so, this movie doesn't make a lick of sense.

2007-04-23 22:46:35 · 3 answers · asked by Zowzooma, the Angry Deity 2 in United States

because I've heard urban legends (?) to the effect that some people have successfully used this as an excuse for not paying. What is the status of this legend?

2007-04-23 22:37:04 · 8 answers · asked by Zowzooma, the Angry Deity 2 in United States

2007-04-23 19:17:48 · 7 answers · asked by Zowzooma, the Angry Deity 2 in United States

If I start a business doing something I go to school for, can I deduct all of my college tuition as a business expense or just the interest? I figure I wouldn't be able to start a business without the training so I was thinking that all of my tuition would be a valid expense. However, I don't know all of the tax laws in the U.S.

2007-04-23 19:10:50 · 3 answers · asked by Freddy Finger 3 in United States

I'm a new Independent Contractor in CA for an online company, what forms do I need to fill out or can soemone help guide me through what I need to do legally? I've never been self- employed and need help.

2007-04-23 18:12:15 · 3 answers · asked by DaWnY LaNe 1 in United States

This tax year(2006), I lost the claiming of 2 dependents on my tax filing to my ex-wife because I had outstanding child care payments due(the final order makes this stipulation). The childcare center has an amazingly "hokey" billing system, and it turns out I wasnt made aware of an outstanding balance till mid-February...too late to rectify to keep my 2 dependents on my taxes for 2006. The billing practices of this childcare center are archaic and can not be understood by the parent(me). This billing SNAFU cost me the loss of the EIC credit and I now owe IRS +$4400 because of this misunderstanding of the childcare centers billing procedures/unclear-hidden outstanding balance. Do I have a case for billing malfeance?

2007-04-23 17:48:34 · 3 answers · asked by Michael R 1 in Other - Taxes

I will be the only one working between my wife and I. We have two kids one a new born and the other 4 years of age. What should I claim 1-4? Should I claim 2 or 3 now and 4 dependents at the end of the year?

2007-04-23 17:12:18 · 5 answers · asked by sbravens35 2 in United States

I work as an intern for my church and only make $1,000 a month. I know very little about taxes, but I have heard that if your income is below a certain amount that there is a way to get a tax return either in part or full. Can anyone verify or help me out with this, thanks.

2007-04-23 16:25:21 · 5 answers · asked by Ryan 2 in United States

Did you know that there is no law that is
written that you have to pay Taxes?

Please don't respond until you watch
this video. Your opinion is very important.

http://video.google.com/videoplay?docid=...

2007-04-23 15:50:25 · 8 answers · asked by Shangrala 2 in United States

Hey everybody, My father died about two years ago. He didn't have much of anything but we inherited his house which we just sold this house last month. After our expenses (painting the house, real estate fees, power bills) we will each get $10k.

How do taxes on this work? I would think that we'll have to report the money on our 2007 taxes but I want to make sure.

Thanks for your help,
Jim

2007-04-23 15:41:42 · 3 answers · asked by Satellite Guy 3 in United States

or do they tax gross?

2007-04-23 15:05:17 · 3 answers · asked by Anonymous in United States

If they're making millions in profits from their sales which go far beyond the scope of a church should they contribute some tax to the tax base?

2007-04-23 14:00:55 · 5 answers · asked by ringading75 1 in Other - Taxes

I am currently 18 and attend college. I work for quicktrip in lawrenceville, ga. What is the limit income to not have to file taxes or laws on that. I am currently receiving help from fafsa

2007-04-23 13:54:47 · 7 answers · asked by luips 1 in United States

I sure hope not :(

2007-04-23 13:53:53 · 6 answers · asked by T$Money 2 in United States

What does a person have to do, when they have lost their federal and state tax refunds . Will they reissue the refund checks?

2007-04-23 13:32:34 · 5 answers · asked by Anonymous in United States

2007-04-23 12:50:50 · 2 answers · asked by &5678 2 in United States

What I need to know is about keeping up with taxes and making sure I am paying everything correctly. I cannot pay an accountant. Can software help with this? If so, which one?

Thanks.

2007-04-23 12:27:58 · 6 answers · asked by youthineyes 1 in Other - Taxes

On there IRS Website where you can check the status of your refund, it states that my refund was direct deposited into my account on April 20th, 2007.

My refund has not shown up on my bank rec. There are also no deposits pending. I checked the numbers on the forms I mailed in and the routing an account numbers are correct.

Payroll direct deposits do not take this long to post, so why would this direct deposit take so long? Any ideas?

2007-04-23 12:24:33 · 8 answers · asked by Anonymous in United States