Taxes - April 2007

2007-04-20 08:05:10 · 7 answers · asked by Anonymous in United States

I haven't paid my personal property tax for two years and just bought a new car. Will i only have to show a receipt for the last year since it's a new car? or will i have to show the last two years?

2007-04-20 08:00:31 · 5 answers · asked by ? 3 in United States

I am doing a project in my business class. I have to find the Federal Income Tax, Social Security Tax, Medicare Tax, and State Income Tax (Mississippi). In the simulation my annual salary is $38,400.00 per year. I am paid biweekly $1476.92. I would greatly appreciate at least a web site to tell me what percent should be taken out for the amount I make. Thank you so much!

2007-04-20 07:06:51 · 4 answers · asked by Matt 2 in United States

You shouldn't either!!

2007-04-20 07:00:01 · 4 answers · asked by jeffwilliams1979 2 in Other - Taxes

If my mom (foreigner) was to sell her home in Texas, what are the tax ramifications for her in terms percentage of profit she has to give up to the IRS? Any other tax problems to watch out for?

2007-04-20 06:52:34 · 4 answers · asked by leodadog 1 in United States

I mailed out my state and federal returns on 3/20/07, about 2 weeks ago recieved my check from the state, but not from the federal government. Today my brother, who mailed his reuturn, about a week and a half after I mailed mine, recieved his federal check. Does anyone know what is going on?

2007-04-20 06:32:47 · 15 answers · asked by Joe 2 in United States

I just rolled over on someone who makes roughly 70K per year, and he has never filed a return. He's made this money over the past 6 years, so I figure he has made more than 400K during this period. That equates to roughly 100K in taxes plus lots of penalties. Normally I wouldn't say anything, but he will get busted sooner or later; I might as well get paid! If there is a reward coming, how much does the IRS pay?

2007-04-20 06:31:27 · 26 answers · asked by Anonymous in United States

2007-04-20 06:19:38 · 8 answers · asked by jakespen 1 in United States

Is there any way to ensure that my income tax will not be used to support war? I am looking for a legal method, NOT simple refusal to pay.

2007-04-20 06:10:29 · 11 answers · asked by BarePaw 1 in United States

2007-04-20 05:51:00 · 3 answers · asked by Anonymous in United States

I donated hundreds (maybe even 1,000 or more) items to Goodwill. Most of the stuff was really nice, but just didn't fit anymore (I've had two babies in 2 years....I'll never wear size 0, or 2 again). Anyway, I took the number of each item I gave them, halfed it (because maybe some of the items may not be usable who knows), then picked the medium value that was on the back of the sheet as the value for each item. For example: I gave them 4 dresses, I only reported 2, and the values ranges up to 50/each. So I reported they were each worth $25. I did this with all my items, and the value came to almost $1,700 for everything. Do you think this is too much and I am risking being audited, or do you think this is fair, and an okay value. Like I said all the clothes were in good condition (some still had tags) they just didn't fit me, my husband or our kids anymore.

2007-04-20 05:08:07 · 8 answers · asked by ... 4 in United States

I live in MN. I work at a small sub shop that delivers. They pay me 50cents a delivery. And with gas being $2.50 a gallon here, im getting extremely ripped off. I have to use my own car also.

I read yesterday somewhere that According to the law or something im suppose to get 48cents a mile if im using my own car for work. Is this True?

Or is there something like this, that is true? And if so, could you provide a link to the legal information.

Most helpful answer gets the Points

2007-04-20 04:14:49 · 6 answers · asked by Anonymous in Other - Taxes

Does anyone out there know what "B14PT" means as a category included in Box 14 of a W-2?

Thanks

2007-04-20 04:00:11 · 6 answers · asked by Nicholas W 1 in United States

I just got a new job in New Orleans paying 9.50 an hour and I wanted to know, working 30 hours a week, how much can I expect to keep? Please help me. I've been doing research on the state's websites but I found little or nothing helpful.

2007-04-20 03:47:09 · 3 answers · asked by Anonymous in United States

i'm due a refund for all 3 yrs and elected direct deposit

2007-04-20 03:39:01 · 4 answers · asked by k_lafriniere06 1 in United States

Ok....

I have a bet going with my girlfriend. Do you only need to file taxes if you have an income? My thought is that even if you have no income, the federal govt. wants you to file a return. How does this work with the homeless?

Thanks!

2007-04-20 03:30:36 · 15 answers · asked by BriGuy 3 in United States

$50k,when he sold his house, do I need to pay taxes on this or is that totally his responsibility when he sold the house?

2007-04-20 02:56:06 · 8 answers · asked by momof3 5 in United States

2007-04-20 02:41:34 · 11 answers · asked by Anonymous in United States

We have sold her home. The money is all hers but it is in 4 names total. How do we claim and protect the proceeds.

2007-04-20 01:31:26 · 4 answers · asked by Mike 1 in United States

how to give my win price

2007-04-20 01:11:41 · 2 answers · asked by Anonymous in Other - Taxes

2007-04-20 00:09:37 · 2 answers · asked by Anonymous in India

If your base salary is $35k a year... how much would you actually be taking home after taxes?

2007-04-19 23:21:07 · 3 answers · asked by James R 3 in United States

I just started a cleaning service, I sub contract for several companies. I didn't meet the deadline for filing my taxes, what can I do?

2007-04-19 19:21:05 · 6 answers · asked by akalouwho 1 in United States

I sent the check with the 1040V which I believe had my social security number on it. I did manage to remember the other requested information, type of form , address. I hope it isn't imperative that I have it written on my check since they have the printed 1040V form with it.

2007-04-19 19:03:04 · 4 answers · asked by R G 1 in United States

I bought TOYOTA PRIUS last year. I was happy that I can get 3K tax credit. But to my dismay, one can claim the tax credit only if I owe the tax.

It is not fair that I could not get credit just because I paid all my tax on time. If I did not pay tax and if I owe, as per turbo tax I can get the credit.

So for example, if I owe $3500 tax, then I get 3000 tax credit and I need to pay only $500. But, if I owe $500, I get $500 tax credit. Just because I paid $2500 tax ahead, I am not getting the toytoa prius tax credit. This is very unfair for the people that paid tax ahead.

Whether we withhold tax or not, the toal tax credit should be same. That is what turbo tax says, is this correct? Is there a way I can take the benefit of the whole $3000 tax credit.

2007-04-19 18:42:31 · 4 answers · asked by divarhot 1 in United States

Im about to graduate college and start my own buisness I need some help. This is going to be a joint partnership, me and my brother.
I need advice on write offs. We are starting a roofing buisness and I know what items are write offs, however I was always told that the more you buy in practicle terms you save more.
I assumed, now that I think about it very foolishly, that if you owed say 10,000 and bought 5000 in items that qualify that you could save the 5000 and only pay the remainder to the irs. This is way off, correct?
Does it work like if you were to make 55000 and spent 5000 on legitmate items then you only have to pay taxes on a income of 50,000? and then that amount would depend on your tax bracket? I think I got it....
Also how does charity donations work. I mean I dont want to donate just to write it off. I want to actually start my own non profit childhood cancer fund, was wondering how much I could donate to a charity and if thats deducted like the items are.
Txs

2007-04-19 18:26:37 · 5 answers · asked by The Unknown Awaits 3 in United States

A month after I got my refund I received another w2 and a 1099 in the mail. Now it's past the due date and I can't figure out what to do. I tried looking at the 1040 form and I don't get how to add these. I used the 540ez to file my taxes. I don't know. I don't want to go to pay to have these done. What a headache. any help? California.

2007-04-19 18:12:56 · 4 answers · asked by Anonymous in United States

My best friend referred me to her so "called best tax man ever" and he failed to include my primary source of income as taxable wages on my w2 form. Because of this I am only getting 300.00. I had my taxes admended which costed me more money to have the taxes redone. So how often does this happen?

2007-04-19 17:55:36 · 4 answers · asked by Anonymous in Other - Taxes

I have failed to file federal and state taxes for 2004, 2005, and 2006. I have spoken to a taxation lawyer who has said that for all the records that have been lost for those years, I can call the IRS to get copies and then move on to completing the filing for those previous years.

Is there anything informaton/doumentation I should have on hand before contacting the IRS? Is there anything I should prepare myself for?

Any advice on this would be greatly appreciated.

Thank you!

2007-04-19 17:10:36 · 4 answers · asked by Starshine 2 in United States

My Son and his girlfriend are buying a house and need to show W2's from the last 3 years. They both are missing 2004.
Does anyone know where they can get a copy?
Thanks

2007-04-19 16:29:24 · 3 answers · asked by Kismitt 6 in United States