Taxes - May 2007

I like getting the return at the end of the year. Should I and my wife claim all of the dependents now or just claim each 2 on our paychecks. I make about 32,000 a year and my wife makes about 37,000 a year. Should we claim all 6 now or not. Thanks

2007-05-29 09:09:03 · 4 answers · asked by sagarnyva 1 in United States

2007-05-29 08:19:23 · 14 answers · asked by Anthony V 1 in United Kingdom

A tip you leave at a restaurant is the server's wages. In fact, it even gets taxed. So basically tips are taxed twice, from the tipper and the tipee.

2007-05-29 08:11:42 · 10 answers · asked by rickpetralia 1 in United States

For capital gains purposes, do I use the inherited cost as the basis for figuring capital gains or since it is an inheritance is the entire sale taxable?

2007-05-29 07:38:39 · 5 answers · asked by Geo Spaulding 1 in United States

2007-05-29 07:25:14 · 6 answers · asked by leachelaine1 2 in United States

I just want to know how often you file taxes on Childcare business?????

2007-05-29 07:16:52 · 4 answers · asked by loka 1 in Other - Taxes

What is the law that forces Americans to pay Federal Taxes?

2007-05-29 06:51:04 · 8 answers · asked by Ivan G 2 in United States

my wife owns a hair salon that is incorporated for 6 years, she has written her car off every year even though the corp does not own the car its only in her name, she claims no tips and only writes herself a check for 1000 dollars a month, for personal income, even though she pays half the mortgage, 850, she has 2 car payments one car she bought for her dad and is 300 a month and her car is 500 a month, she makes her credit card payments about 800 a month, it just does not add up is this all legal

2007-05-29 06:48:56 · 3 answers · asked by mrmom 1 in United States

I make $12k/year as an independent contractor, and I file a 1099. (I'm asking because I am considering purchasing a phone for business use.)

2007-05-29 06:46:47 · 6 answers · asked by elessar221 1 in United States

I'm just now getting around to doing my taxes :(

I have about 17k in hospital bills and I've paid off about 6k.

Can I write that 6k off?

Otherwise I'm going to owe a lot of money.

I make about 50k a year, single, no other deductions :(

2007-05-29 06:29:40 · 7 answers · asked by Anon 3 in United States

I think not.
My brother works for the State of Maryland University. They are employed by the state, but refuse to give me a state ID number. The W-2 shows the FEIN number in place of the State Id.
Please let me know if you have heard of this problem. Otherwise I think there is a mistake here.

2007-05-29 06:23:13 · 3 answers · asked by Chris 3 in United States

2007-05-29 06:22:44 · 3 answers · asked by sliver0823 1 in United States

on Page 2 of W-4, " Deductions and Adjustments Worksheet", questions number 4, it asks me to Enter an estimate of your 2007 adjustments to income, including alimony, deductible IRA contributions, and student loan interest. For me, I have 401k, medical insurance, and FSA that's deductible. So what number should I enter for this line? Add up all the deductible, or my salary minus the deductible (or AGI)? Thanks.

2007-05-29 06:14:11 · 2 answers · asked by kev 1 in United States

And who is reasonably priced or who will accept payments. Thank you!

2007-05-29 05:59:43 · 2 answers · asked by crnshrex 2 in United States

I currently qualify to claim 7. I am a single mother of one child and do not want to owe the IRS money at the end of the year. I also want to keep as much money as possible in my check.

2007-05-29 05:39:06 · 5 answers · asked by Anonymous in United States

The form I'm looking for is the one you fill out when you first get a job, that form determines how much taxes should be taken out of your paycheck, by how many people you claim.

2007-05-29 05:11:39 · 5 answers · asked by brittany b 1 in United States

I left uk in April 18th last year to live abroad permantly. However I had to return end of following March ie before the tax year was up to take care of my son due to my ex partner not wanting custody of him anymore. Is there any leeway given by HMRC due to these circumstances or will I still be liable for tax as if I was still a uk resident?

2007-05-29 04:43:12 · 4 answers · asked by grdhood 1 in United Kingdom

2007-05-29 04:15:48 · 3 answers · asked by pflynn1950 1 in United States

I have been taking around 20% out of my paycheck to cover taxes, but does anyone know if this is necessary since I work for a company out of China?

2007-05-29 04:10:15 · 4 answers · asked by tiurf82 2 in United States

I'm wondering if dating him would be a good idea since I think he might still be able to access my IRS returns and invade my privacy... Does anyone know someone who's worked for the IRS, or do you know if it would still be possible for him to access my records? Thanks, I appreciate any help on this topic.

2007-05-29 03:58:49 · 4 answers · asked by Anonymous in United States

I work for my cousin and receive paychecks from him. I don't get any deductions on my paycheck and i have to file my own taxes come tax time. He files his own taxes as well. His book keeper sends me a w-2 showing how much i made and i go to my tax person and file a 10-99 and pay whatever i owe. Now since I fill up the car am i entitled to have tax deductions for gas with receipts? and i was also wondering can i have tax deductions for medical payments such as going to the dentist? I've paid a good amount this year for the dentist. I don't have any kind of health insurance or health coverage. How about a tax break since i go to college? Thanx for all the help.

2007-05-29 01:57:45 · 4 answers · asked by Anonymous in United States

2007-05-29 01:48:39 · 6 answers · asked by Anonymous in United States

w2's and 1099 besides going to tax preparer

2007-05-29 01:39:28 · 5 answers · asked by meekoe2 2 in United States

My son's been disabled for year and on SSI. His father left, paid not support, etc. Father is now dying and about to turn 72. Will my son be able to benefit or collect any of his SS?
Someone told me, son would go off SSI and collect his SS instead. Is that possible?

2007-05-29 01:26:42 · 4 answers · asked by Anonymous in United States

Virgin Atlantic Airways is asking for this BTA money Why? What is a 419 scam? Who and what airlines asks for this Basic Traval Allowence? Is it required when people from the UK or Africa, or over that way traval.??

2007-05-29 01:15:53 · 3 answers · asked by craig_snow2000 1 in United Kingdom

If i have lived in a house less than two years and i decide to sell and purchase a new house are my taxes prorated depending on the months i lived in the house? If so i lived in the house for 20 months, what will my t.axes be in a profit of $60,000?Is there anyway to avoid paying taxes on the profit? The reason of the move is just to purchase a new house, no job change or illiness

2007-05-29 01:00:54 · 7 answers · asked by R.D 1 in United States

2007-05-29 00:01:57 · 8 answers · asked by Marla P 2 in United States

i want to know how to figure out how much my paycheck will be after the taxes come out...say i make $320.00 how much will that be after taxes come out???

2007-05-28 20:42:53 · 3 answers · asked by Anonymous in United States

I am a college student and I play around with stocks. I just got home to find a 1099 form which obviously I didnt file on time if I had to file. My only income is proceeds from stock. My proceeds from stock are $7385.34 for the year and purchases are $7,162.92. So I made $222.42 for the year... not a lot anyway do I need to file.

2007-05-28 17:58:12 · 5 answers · asked by M C 1 in Other - Taxes

2007-05-28 17:22:51 · 3 answers · asked by Anonymous in United States