Taxes - May 2007

2007-05-09 13:56:10 · 5 answers · asked by tharod2000_2000 2 in United States

I have a friend who is assigning me power of attorney and paying me $250,000. Not a joke. Is there any way to avoid 100,000 dollars in taxes? I need to save as much of it as possible.

2007-05-09 13:12:04 · 3 answers · asked by Pixie&Zoe 2 in United States

I just didn't know if the gift tax applied, or how else loans work. Thanks.

2007-05-09 13:01:59 · 3 answers · asked by Jazz_Chi 1 in United States

what do i need to do? This happened from lack of communication. I have always handled tax papers but this year spouse decided to file separately with not a word to me. I made sure the returns were filed before the deadline. I need to know if I need to contact IRS or jut wait until they contact me. Thanks for any help anyone can give me.....

2007-05-09 12:19:54 · 5 answers · asked by Anonymous in United States

2007-05-09 11:36:58 · 3 answers · asked by Bonilla02 1 in United States

this is my laptop. It is in france. I need it here in the US. I thought having it mailed to me by DHL. Should I pay taxes ? if yes where should I ask ?

2007-05-09 10:41:13 · 3 answers · asked by LeProf 1 in Other - Taxes

2007-05-09 10:37:50 · 3 answers · asked by mclay 1 in United States

I'm a single guy and just got a job. I hear that it is best to claim 0??? What's the difference between claiming 0 and any other number? Is one better than the other?

2007-05-09 10:31:49 · 5 answers · asked by Erutpar 1 in United States

On the three weeks claimed it says denied/ discharged, does that mean you don't get beneifits?

2007-05-09 10:28:51 · 5 answers · asked by bryton1001 4 in United States

I want to get braces this year and get some needed medical work done. I want to deduct them from my taxes next year but I was told if the amount does not total my standard deduction then I cannot write off. Is this true??

2007-05-09 10:23:56 · 9 answers · asked by Steph 2 in United States

2007-05-09 09:58:15 · 2 answers · asked by Anonymous in United States

Can they get into trouble??

Can you get into trouble??

2007-05-09 09:07:55 · 4 answers · asked by Anonymous in United Kingdom

2007-05-09 08:15:05 · 2 answers · asked by lilly 1 in Other - Taxes

2007-05-09 08:13:32 · 2 answers · asked by lilly 1 in Other - Taxes

Why if I'm under the age of 18 and I had a car accident and I got a settlement over it i cant get my money until i'm 18 but if I need money before I turn 18 me and my mom have to go to court for my money and then the judge has to say it is okay.. I have no problem with it being in an account (like they are doing till im 18) but why is it if I put it in a savings account to where it can draw interest we have to pay taxes on that @ the end of the year.. We've never had to do that with all our other savings account so why should we have to on this one?

2007-05-09 08:03:36 · 7 answers · asked by Anonymous in United States

2007-05-09 08:02:24 · 3 answers · asked by Sahasrapal Singh 1 in United States

Groceries are a necessity of life. Why is food taxed? It seems that State governments only wish to harm the poor and low income.

2007-05-09 07:37:45 · 10 answers · asked by Hickemtwiddle 4 in United States

2007-05-09 07:23:21 · 5 answers · asked by Sandra T 1 in United States

On which types of income do US Citizen have to pay tax prepayments? Like the withholding on wages by the employer.
Are there some kind of "do-it-youself" prepayments, maybe on property income?
Are there any exempted types of income?

2007-05-09 07:03:17 · 3 answers · asked by Anonymous in United States

I just started a home based business that will probably give me tons of deductions for my taxes this year. I also work full time at another job that takes the normal taxes for a single person (1 exemption). Is it safe to have them stop takaing out taxes from my payckeck so I can have that money available to me?

2007-05-09 06:45:02 · 9 answers · asked by ae_maldonado 1 in Other - Taxes

I'm wanting to have a home business and having nothing but fits on trying to figure out all the income tax stuff. The IRS website isn't really helping me much and I've contacted several people and keep getting different things, as I know I will here but seriously. My mom has a home business and she always has to pay in at tax time. If I had a home business I know I don't have to file up to a certain amount but how do you keep track of all that and claim it? Would anything be returned or would I have to pay in. I'm wanting a home job but not sure about all the tax stuff. Please help and thanks mucho!!!!

2007-05-09 06:27:58 · 9 answers · asked by texascowgirlandprincess 2 in United States

Was just wondering if anyone believes that someone could be auditted if they recieve 2 checks each week for payment under the table. One check is usually worth 200 and another usually worth 100. I pay no taxes on it but they do come in checks. Think this could be a problem come tax time. It is only $300 a week at most so it really isn't all that much money.
thanks

2007-05-09 04:53:33 · 4 answers · asked by KaidenMC 1 in United States

My dad died two years ago and he had put his home in my name before he died. Now 2 years later when I am doing a home equity loan I find there is a tax lien on it. The title was clear 6 months ago so this is fairly recent. The house is only in my name and this lien has been put on not only after the house was deeded to me but also 2 years after his death. How is this possible? Should I call the IRS about this or go to a tax lawyer first?

2007-05-09 04:42:44 · 5 answers · asked by a b 1 in United States

2007-05-09 04:37:01 · 2 answers · asked by edtrucker12000 1 in United States

What’s the best and easiest software to use for an LLC accounting and/or tax needs?

2007-05-09 03:38:04 · 3 answers · asked by kmarshal73 2 in United States

Recently I have some concrete work done and the contractor wants to tax me on the entire bid. So do I have to pay sales tax on labor?

Thanks

2007-05-09 03:35:23 · 1 answers · asked by firedoc0 1 in United States

I've heard Sweden now taxes businesses,not on income so much as how much it pollutes.Also is there such a thing as progressive consumpion taxes as well. I believe are tax system should be geared towards consumption,pollution and idle wealth,not people's income and active business investment

2007-05-09 03:08:43 · 2 answers · asked by Anonymous in United States

Hey guys i hope u remember me...
as i ve mentioned b4 that i've been getting mails from mariam n a bank which states that i've won a lottery of 1000000$...
Now i've recived another mail from them which says kindly come to dubai to take the amount as they can't transfer the huge amount to my account as it may be seased...
What shall i do....Kindly help me...plz?

2007-05-09 02:14:18 · 13 answers · asked by Anonymous in United Kingdom

I have been asked to attend hmrc offices for a tape recorded interview about a matter relating to tax credits. They wont tell me what its about but only that they view it as serious. The only two things that could be wrong are i didnt declare my partner moving in with me in 05 as i was in great financial difficulty and maybe that my estimated income was lower than what i actually earned but i thought there was a threshold of 2,500. Does anyone know what will happen to me, will i be prosecuted, if so i will most definately lose my job which in turn i could potentially lose my house as i will not be able to pay my mortgage. I have a reasonable excuse for not declaring my partner at the time (although they will probably not see it as reasonable) and as regards the income side of it, the whole system has confused me since day 1. I have never understood the award notices (sometimes you receive 3 at a time) they vary and to be honest i just bung them in a drawer and assume its right.

2007-05-09 01:24:36 · 8 answers · asked by Anonymous in United Kingdom

2007-05-09 01:22:45 · 5 answers · asked by grandmabeck 1 in United States