Taxes - May 2007

If you and your b/f or g/f live together and got kids together, say 3 children. Is it ok for him to claim one dependent and I claim 2 and can both claim head of household?

2007-05-20 14:23:02 · 6 answers · asked by JUDY 2 in United States

I had a relative move in with me and she has two dependents, I also have dependents. Can both of us claim head of household? What if you have three single parent in the same house all got dependents can all three claim head of household?

2007-05-20 14:19:11 · 3 answers · asked by JUDY 2 in United States

I live in Missouri. I make $6.50 an hour and I have figured up that BEFORE taxes I'll be pulling $530.27. I claimed two on my W-4's or w/e they're called 1 for myself and 1 for being single. Please help I'm desperately trying to make sure I don't get screwed on my pay and start my savings. Thank you.

2007-05-20 13:10:19 · 6 answers · asked by Anonymous in United States

I have moved between 2 locations within 2 years of purchasing a home at the first location. I am aware that in order to avoid capital gains on the profit of the first home, my workplace has to be >50 miles from the previous workplace in order to qualify for the "safe harbor" modification to the capital gains law. I have done so and have moved into our new home (work 52 miles from original work and home is 50 miles from original home). I am currently in the position where I can improve my employment situation. However, it would require me to take another job at a location 30 miles further, for a total of 82 miles from the initial job. I am in the 21st month of the 24 necessary to avoid capital gains, but I don't want to pass up this opportunity. Any insight anyone can provide (e.g. website) would be greatly apprecaited. Thank you in advance!

2007-05-20 13:07:13 · 1 answers · asked by niupt2k 1 in United States

I just got my first job at Culvers but I dont exactly know how to fill out the Form W-4

2007-05-20 12:41:14 · 7 answers · asked by Biggz 2 in United States

I thought i filed by did not

2007-05-20 11:43:43 · 2 answers · asked by a r 1 in United States

2007-05-20 10:47:05 · 3 answers · asked by Peter S 1 in United States

2007-05-20 10:43:18 · 2 answers · asked by Joan H 1 in United States

2007-05-20 09:32:08 · 3 answers · asked by Tony 1 in United States

When someone gives you a cash gift, lets say $20,000.. is there any way to pay less taxes on it? can you immediately invest it, or does the fact that they gave you the money count as taxable income immeditely? Also, why do i have to pay double social security tax? on Payroll I already make $63,000 and pay a ton of ssi tax...

2007-05-20 09:22:44 · 5 answers · asked by Drew W 2 in United States

I've worked minimum wage jobs off and on for the past 6 years but have never filed a tax return. Each year I made less then $6,000 total. I just recently graduated college and am now ready to assert some finacial responsibility, am I due money or would I possibly owe money to the IRS?

2007-05-20 08:24:24 · 3 answers · asked by chairmanmeow63 2 in United States

Last yr I made 230k and at a high tax bracket three months ago I was layed off and now I want to take my 401k and invest in real estate instead of mutual funds. So I dont want to roll over into an IRA. Will I fall into my tax bracket of 2006 or my present tax bracket?

2007-05-20 08:12:20 · 6 answers · asked by Grace 1 in United States

Last year we donated a lot of baby cloths, and when I mean a lot I mean 6 5-gallon bags full. We estimated probably atleast $1000 dollars worth of cloths - I mean, on the order of mutiple hundreds of outfits. We made a few other donations of consumer electronics, and this tax year my accountant said I could only claim so much if I didn't have it certified. Is that true? Where do I get someone to certify my clothing donations, I have another 4 5-gallon trash bags of clothing that I've recently cleared out of my closets that I'd like to donate.

2007-05-20 07:24:01 · 6 answers · asked by Jason 1 in United States

If we make $1500 per week (contract labor) and we have 2 children (13 & 7), what percentage should my husband and I be putting away for taxes so that we don't over or underpay? We live in Texas.

2007-05-20 07:21:17 · 1 answers · asked by Tilly24 2 in United States

I would like to sell property before I have lived in it for 2 years. How can I avoid the Property Gains tax by buying/selling in the name of an IRA? If I am 59.5, how long do I have to wait before I can take the money out without penalty?

2007-05-20 07:21:15 · 3 answers · asked by OuiOuiChica17 2 in United States

2007-05-20 07:05:47 · 3 answers · asked by autumn f 1 in United States

is the federal government of USA taxing its people too much? what are some suggested steps to reduce this?

2007-05-20 06:59:25 · 3 answers · asked by mose m 1 in United States

I am purchasing a car from Japan, the cost of the vehicle with the freight included is $3190. How much can I expect to pay in import taxes. The price of the automobile is $1690. How soon are the taxes due? The car is coming into Virginia.

2007-05-20 06:36:36 · 3 answers · asked by uvcf34 1 in Other - Taxes

questioning wages and w-2 as if they were forged.

2007-05-20 06:30:33 · 3 answers · asked by lizzo60 2 in United States

Is it legal for a company to pay its part time employees cash and not have to report any payroll taxes?

2007-05-20 05:54:52 · 2 answers · asked by Butterfly Kisses 2 in United States

IRS sent me a letter including a form to sign and mail back that I failed to send. They stated that either my refund would be lowered if I didn't send back the signed form.
They also stated that this would of been prevented if I would of filed e-file while using turbo tax
Can I go back and e-file it , instead of the mail,, which will take 6-8 weeks again?
(college tuition is going to be due soon for my daughter! )

2007-05-20 05:47:20 · 3 answers · asked by Paige 4 in Other - Taxes

My job is light bookkeeping payroll billing faxing sheets to the accountant for payroll taxes and sales tax.My employer owes IRS alot of back payroll taxes and continues to not pay her estimate tax deposit to the bank each month.My employer has also paid employees cash when they were on the time clock.And have paid employees on a straight check with no taxes taken out.I am worried that i might get involved in this whole audit problem.Should i be worried?

2007-05-20 05:42:40 · 7 answers · asked by Anonymous in United States

Does anyone know if there is a tax service that does ur taxes for you and loan you the money from your refund that day? Just found out my daughter joined the Marines and is shipping out for boot camp. Need cash TODAY!
(Sneaky brat, but I am proud of her for having the courage to serve her country)

2007-05-20 05:15:41 · 6 answers · asked by Anonymous in United States

2007-05-20 05:05:31 · 2 answers · asked by Mike L 1 in United States

The idea is to save the sales tax on the purchase of an automobile.

2007-05-20 03:47:06 · 8 answers · asked by pfs5k 1 in United States

2007-05-20 03:04:39 · 1 answers · asked by Anonymous in Other - Taxes

2007-05-20 03:02:41 · 1 answers · asked by Anonymous in Other - Taxes

postal, toll/parking, gas, art shows, car rental, hotel... which of these is deductible and which cant I include on my schedule c

2007-05-20 02:11:51 · 2 answers · asked by Derrick W 1 in United States

need toknow if something irecieved in email is a scam it states that I won a lottery amount and they want me to send an inland tax revenue fee befor I get my winnings and I think it is a scam

2007-05-20 02:03:10 · 3 answers · asked by cosmo 1 in United Kingdom

I had a federal tax lien placed on me over 20 years ago. Is it still valid? where can I get information on this?
There is a tax lien filed on me in Mercer County N.J. I have never been in that county How do I get info on this?
Thank You

2007-05-20 01:31:32 · 3 answers · asked by realistic2147 1 in United States