Taxes - April 2007

2007-04-26 11:24:25 · 12 answers · asked by Anonymous in United States

I took out a few hundred via savings bonds, and have not yet reported the tax I was just curious as what the fine usually is if I dont, or the penalty. Thanks!

2007-04-26 11:13:58 · 3 answers · asked by Anonymous in United States

I am getting into a rent-to-own lease covering the entire mortgage. What is the best way for the home owner to transfer the tax benefits to me?

2007-04-26 10:43:01 · 5 answers · asked by Ron 1 in United States

2007-04-26 10:35:09 · 4 answers · asked by Anonymous in United States

Im buying a house in california, the house cost 250,000. Im going to get a 30yr traditional loan. should I include the taxes in the payment or should I pay the taxes at the end of the year. I understand that the interest Im paying is tax deductable so would this help me at all. how much would the property taxes be on a 250, 000 home per year???

2007-04-26 10:25:40 · 4 answers · asked by oldskool 2 in United Kingdom

Can we tax write off these or tax deduct, come tax time with receipts?

2007-04-26 09:36:02 · 6 answers · asked by Anonymous in United States

I heard somewhere that if you are a tourist and visit California (or any other state) you can present your receipts at the airport and get a refund for the sales tax. Is this true?? where in the airport would that be? an IRS office??? Im departing from LAX...tnx for all your answers!!!

2007-04-26 09:23:08 · 7 answers · asked by Kitiara_DSev 2 in United States

I have client who was supposed to contribute to a pension plan, but one the employees argued with the pension lan and my client (the company), stopped making payments and later, the employee unfortunately got fired.

The terminated employee got the union involved and it was determined that my client owes $97K to the employee. My client wants to make this contribution to a new pension plan and I would like to know if this contribution made to this new pension plan on behalf of the terminated employee, will be taxable to the terminated employee? And what authority can I use to back up any conclusion(s)?

2007-04-26 09:17:38 · 3 answers · asked by Radiant 1 in United States

If I have to bring my own decaf coffee to work and other food and beverage items, and am able to bring my own radio etc. for use during work hours, is there a way to deduct those as business expenses?

2007-04-26 08:51:12 · 2 answers · asked by Michael M 1 in United States

i heard they send you a 1099 form for your taxes after a foreclosure is done, this means i would owe the IRS a lot of money. So would filling bankruptcy help me to not owe anything?

2007-04-26 08:24:06 · 6 answers · asked by susy m 1 in United States

the irs says my back taxes were not discharged but my attorny says they were.

2007-04-26 08:16:42 · 6 answers · asked by golfcrazyjeff 1 in United States

My dads Income Tax Refund just came but he doesnt have a bank account. I recently opened a bank account and my dad wants me to deposit the check, Can I deposit my dads Check into my account or does he have to have his own account to deposit or cash it in?

2007-04-26 08:10:30 · 11 answers · asked by Anonymous in United States

My boss recently retired, I went to work elsewhere and he called me to tell me I would be getting the money from my retirement plan since he was cashing it all out. Since I dont have an IRA what percent approximately should I hang on to for taxes at the end of the year.

2007-04-26 07:34:03 · 4 answers · asked by Anonymous in United States

I havent filed for a few years and i know i owe back taxes(the job i have doesnt take taxes out)Anyway I know its wrong and all that thats why im trying to do something about it but im not sure who to go to....Tax attorny they seem to handle like wills estate taxes things like that...accounts,cpa etcI dont know who to go to I need some good help someone who will help me settle with them etc.

2007-04-26 07:28:04 · 10 answers · asked by coconuts 2 in United States

Where can I look at my W2 online? I need to find out how much I made last year. I lost my W2.

2007-04-26 06:51:37 · 4 answers · asked by Ultimate Guitar Hero! 5 in United States

I would like to know what " Statute" ( What law ) specifically requires that I pay taxes to the " IRS " -

2007-04-26 05:35:02 · 10 answers · asked by Anonymous in United States

2007-04-26 05:12:29 · 4 answers · asked by c6180ks 1 in United States

I did my own taxes for the first time this year. Using tax software, I plugged in what my refund would be if I had no stock sales in 2006. BTW, my tax bracket is 15% and I'm in New York.

Without Capital Gains:

Federal Refund : $400 and State Refund : $1460


Capital Gains of only $4416.

Federal : $260 (I owe) and State Refund : $1037

According to an online Capital Gains calculator I used, my Federal tax should be $662 (which explains why my refund went from $400 to minus $260). What I can't understand is why my State refund dropped so drastically.

2007-04-26 04:40:06 · 2 answers · asked by Titus Pullo 2 in United States

I feel that the car should be for my exclusive use, as I am paying income tax on it's benefit-in-kind value. Other users do not necessarily take the same care as I do.

2007-04-26 04:21:49 · 5 answers · asked by rob h 1 in Other - Taxes

I am interested in knowing what items could be written off on the taxes of a professional brewer and/or part owner of a brewpub: travel to other brewpubs, sampling beer at other brewpubs, sampling food at other brewpubs, travel to beer festivals, admission to festivals, purchasing of unique beers for sampling, travel to internation beer festivals, visiting unique bars, brewing conferences, purchasing beer books or magazines, local homebrew club dues, travel to club meetings, homebrewing equipment and supplies for advancing skills and making test batches?

2007-04-26 04:06:54 · 2 answers · asked by Anonymous in United States

I'm not sure if there is a solution to this, but.... I've been paying back child support for when I was unemployed and my taxes have been garnished for three years now. I've got no problem with this, but I'm remarried and we are expecting a BaByGirL any day now. How do I go about making sure that next year my taxes will not be garnished away from my new BaByGirL? I want to make sure the IRS will know that I will be claiming my baby and that they won't take it all. Please, any and every helpfull answer is greatly appreciated... thanxs and Be Blessed :-)

2007-04-26 02:42:27 · 8 answers · asked by PREY4WIZDUM 3 in Other - Taxes

2007-04-26 00:58:21 · 5 answers · asked by Al Money 1 in United States

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax,
Fuel permit tax
Gasoline Tax (42 cents + per gallon)
Hunting License Tax
Inheritance Tax
Interest expense
Inventory tax
IRS Interest Charges IRS Penalties (tax on top oftax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge tax
Social Security Tax
Road usage taxes
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Utility Tax
Local to Fed. Isnt it enough?

2007-04-25 23:02:36 · 5 answers · asked by koalatcomics 7 in Other - Taxes

I am from Australia and I am setting up a web based business in the US. The sole revenue source will be adsense and YPN. If I were to incorporate in Delaware, would this be considered taxable as Google and Yahoo are both incorporated in Delaware. I will technically not be doing any business in Delaware other than incorporating. Is it better to incorporate outside of Delaware in this case.... such as Wyoming?

2007-04-25 21:38:40 · 3 answers · asked by maven1000 1 in United States

Some states like New Jersey are tax-free. I went shopping and I was so happy to realize that they didn’t have taxes on clothes stores. How about Switzerland? What don’t they tax?

2007-04-25 19:45:50 · 3 answers · asked by Anonymous in Switzerland

I'm still in college, and I lost my tax forms, plus my dad, who did them, said I owe the government about $200. So I was supposed to send them with a check, I guess. But I didn't send anything at all. Do I only get in trouble if they randomly happen to select my taxes for review and discover they're missing, or is my name automatically on the "did not receive taxes" list?

What do I do? Do I lie low and hope nobody notices, or send them in really late and then have anyone who receives them KNOW I send it in late?

2007-04-25 18:33:08 · 6 answers · asked by Anonymous in United States

I want to be left with $5K after taxes. 33% is the total tax rate.

33% tax on $5K is $1.5K.

But, If I wanted to be left with $5K, to say that I'd have to make a total of $6.5K to pay the taxes doesn't calculate correctly because if I made 6.5K, the tax rate of 33% would apply to that total, which leaves me with $4,355. So, the 1.K seems to shortchange the taxes, I'd otherwise pay.

I calculate I'd have to make $7,426.69 to be left with $5K. 33% of the 7K figure is roughly 5K.

Yet, it seems when I read about taking tax breaks that would mean I wouldn't have to pay tax on $5K, third-parties just seem to say I'd save $1.5K. Is this just laziness or ignorance on their part, or am I wrong by trying to take into account what I want to be left with not just what I'd pay on the amount.

And is there an economic term that accounts for this?

If there is, why do business/finance writers just say you'd save 1.5K on 5K of income, not that you'd save 2.5K to be left with 5K?

2007-04-25 17:54:09 · 1 answers · asked by nyc_1oo14 3 in United States

How would it cost?
or is it a % of how much i pay for it?

2007-04-25 16:21:50 · 4 answers · asked by Anonymous in United Kingdom

I purchased it for 350.000 and they are going for around 650.000 to 750.000 I have redone all flooring and inside paint and also new backyard fencing and landscaping. Does any of this help me with capital gain. and how do I figure what amout I would owe on? I want to just rent from now on, but I was told I have to buy something else to save me from the capital gain...is this true?

2007-04-25 15:51:44 · 4 answers · asked by JK 3 in Other - Taxes

other than receiving funds returned, is the April deadline that important?

2007-04-25 15:08:38 · 5 answers · asked by Daoz1 1 in United States