Taxes - April 2007

2007-04-18 14:19:04 · 7 answers · asked by Johnny W 1 in United States

I am going to get a tax REFUND. Does that make a difference?

2007-04-18 13:46:41 · 7 answers · asked by icu812 3 in United States

This is the FIRST year I had to pay----I was wondering how long before my check clears? A friend of mine told me it took a month to clear for her last year

With this little ditty and rent and student loans, it is going to be tight for a while.

2007-04-18 13:04:28 · 8 answers · asked by Anonymous in United States

does any know if your a day late mailing off your taxes if any thing will happen i do not owe & do not have to pay. no smart a$$ answers i just had to sign and mail out i just got them back today from my accountant

2007-04-18 12:44:44 · 5 answers · asked by Anonymous in United States

I own my home, and I have one roommate. I pay my mortgage monthly, and she pays me a flat check monthly for rent and utilities. Am I really supposed to report this to the IRS? How would I report it? Are there any tax loopholes? Thanks!

2007-04-18 12:43:45 · 4 answers · asked by thoir1845 1 in United States

i've read that it can take up to 3 weeks?? but this question is to anyone whose done it already... how long has it took for some of u folks??

2007-04-18 12:27:01 · 4 answers · asked by bigguu254 3 in United States

my W2's were lost and i finished doin them online today... but my friend told me dat they finished yesterday... so what happens since it wuz a day late??

2007-04-18 12:19:52 · 9 answers · asked by bigguu254 3 in United States

2007-04-18 12:05:21 · 4 answers · asked by Malik W 1 in United States

I feel that VAT percentage has risen greatly since 1985. If that is so, what are the basic percentages for each of the years 1985 through 2006?

2007-04-18 12:02:01 · 1 answers · asked by budwright72 1 in United Kingdom

I will be working in Texas over the summer and was wondering how the state taxes work. How much can I expect to be taken out of my paycheck if the check is 720 dollars?

2007-04-18 11:21:04 · 5 answers · asked by stevey222 1 in United States

2007-04-18 11:07:49 · 3 answers · asked by bananamoon3 1 in Australia

would this end poverty?

Lets say the Fed and state standard deductions were raised to 30,000 and companies could deduct low wage employees off their taxes. Would this creat full employment and end poverty?

2007-04-18 10:55:55 · 7 answers · asked by wisemancumth 5 in United States

2007-04-18 10:49:38 · 6 answers · asked by bleujai 1 in United States

2007-04-18 10:41:43 · 10 answers · asked by eric m 2 in United States

If you are awarded money from a law suit is it tax free? personal injury.

2007-04-18 10:27:19 · 4 answers · asked by smatts 1 in United States

The Supreme Court has struck down 2 attempts to levy a new tax on the people,and other than tax code and lower court decisions there is no actual law anywhere that I can find that requires me to pay for my labor."A persons labor is his personal property" according to the Supreme Court.

2007-04-18 10:26:02 · 11 answers · asked by Dave R 1 in United States

i will leave usa after a few monthes but i want to go to my country so what about my taxes? can irs send the money in my checking account in a bank out side USA
thanks

2007-04-18 10:20:34 · 5 answers · asked by Anonymous in United States

2007-04-18 10:16:20 · 11 answers · asked by Anonymous in Other - Taxes

i will be using a 1099 form

2007-04-18 09:43:03 · 6 answers · asked by Anonymous in Other - Taxes

I have a simple question that I hope somebody can shed light on. When you make more money from one year to the next and you move into a "higher tax bracket" is your total taxable income taxed at the higher percentage, or just the amount that's over?

For example, with 15% tax up to $50K (taxable) per year, that's $7500 paid in taxes. When your income goes over $50K, let's say to $51K...

Do you pay 15% of $50K and 25% of $1K

or

Do you pay 25% of $51K??

2007-04-18 09:24:39 · 12 answers · asked by Thegustaffa 6 in United States

will the the state allow you to set up payments?

2007-04-18 09:20:31 · 3 answers · asked by Anonymous in United States

also if anybody knows any extra information on the 1099 tax form, please post.

2007-04-18 09:03:39 · 5 answers · asked by Anonymous in Other - Taxes

lets assume the purchase price of a house will be $1mio. (just to have a nice, round number). i put down $400K / get a mortgage for $600K. the monthly payment, assuming 6.5% on a 30 year fixed loan, will be about $3800. of that, $3200 will be payment towards interest and the remaining $600 will be towards principal (i think i have the amortization schedule correct.)

now, the yearly interest paid ($3200 * 12 months) will be around $38K. when i file my taxes next year, i am told i can deduct the interest that was paid on my taxes. does that mean i will get the $38K back in the form of a refund?

2007-04-18 08:57:56 · 8 answers · asked by peter p 4 in Other - Taxes

I can't remember how many years to keep them. Is it 5, 7, 10, or something else?

2007-04-18 08:42:27 · 4 answers · asked by Anonymous in Other - Taxes

2007-04-18 08:04:19 · 6 answers · asked by sugar_n_spice1429 1 in United States

associated with the transaction as a medical expense on schedue A?

2007-04-18 08:01:19 · 4 answers · asked by juslow 1 in United States

2007-04-18 08:00:20 · 4 answers · asked by Shankar K 1 in United Kingdom

How do you get an extension?

2007-04-18 07:52:44 · 11 answers · asked by OustFantastic 2 in United States

In 2002 when I filed my taxes I went to a local "home business" that was run by a woman out of the basement of her house. In previous years I had only received about $200 to $500 back in income tax checks. Nothing had changed as far as my employment for the 2001 tax year.
When I went to this lady, she told me that because I was paying on a student loan, the irs owed me $1000 back. Althought I had never heard of this before, I figured she knew what she was talking about and went along with it. I got a check back for about $1700 for that tax year.
Two years later the irs made me pay back that extra $1000 plus intrest because I had filed for too much money. I was angry.
What I don't understand is why didn't the irs go after this woman who filed the taxes? Her name and address was on the papers. Several of my friends who filed with her had the same problem and had to pay the irs back as well.

2007-04-18 07:42:29 · 14 answers · asked by Cheryl J 2 in United States

2007-04-18 07:24:18 · 7 answers · asked by Chris M 3 in United States