Taxes - May 2007

My relative is an Indian resident and his daughter is US resident. He sold his house in India and wants to give US $100K to his daughter in US. Would either of them be taxed in US. Since he is not a US resident, would he be liable to pay tax in US? Thanks!

2007-05-28 03:02:00 · 7 answers · asked by RoJo 1 in United States

2007-05-28 02:58:12 · 3 answers · asked by mark g 1 in United States

My friend hasn't pay her taxes for 4 years , now she got letters from IRS with penalties and fees. She got an alcohol problem in that period of time, and she got proof of court for a rehab programm. Will this problem help her with Irs in order to avoid paying this huge amount which is impossible to pay.

2007-05-28 02:45:54 · 6 answers · asked by ginany25 1 in United States

2007-05-28 02:23:32 · 4 answers · asked by escee 1 in Other - Taxes

I used to have a shop and filed my own tax report and payments with dept of revenue. Since they do this now (antique mall) and I haven't, and don't intend to actively purchase for this booth at a mall-but rather, look at it as a way to "get rid of" some stuff from my house (which I've sold) I'm sort of looking at it as a garage sale in another place. Is that wrong? I did have to get an occupational license from the town to be there............but I didn't intend to deduct my rent or storage costs-so do I need to keep track of sales and inventory on my own things? If they already pay the tax on sales what is my obligation for paperwork?

2007-05-28 02:15:42 · 8 answers · asked by jackie m 2 in United States

2007-05-28 02:08:20 · 6 answers · asked by jashim 1 in United Kingdom

2007-05-28 02:03:00 · 5 answers · asked by Anonymous in United States

2007-05-28 01:10:39 · 4 answers · asked by Krishnan E 1 in Other - Taxes

i want stop someone from claiming income tax on my social security number i do not live with them on in the country and it has been brought to my attention that this is going on.

2007-05-28 01:06:22 · 3 answers · asked by makebabain 1 in United States

Inspired by a previous question as to why the magical number 18 is the dividing line between being an adult or child, when in reality we tend to mature much later (in many cases).

When you file your Income Taxes, you will notice at least two things that seem illogical and unfair.

A baby born on Jan. 1 doesn't get the full year deduction for it's parents as does the same baby born on Dec. 31.

Same holds true for people who get married. They can't get the advantage of "Married filing Jointly".

If you were in Congress, would you propose a law that makes these Income Tax advantages pro-rated on a monthly basis, so that a child would get a twelfth of the benefit for each month.

This may sound ridiculous to you, but serious money is lost on a child who has the disadvantage of being born just after midnight on Jan. 1. Roughly several hundred dollars of benefit is at stake, maybe more depending on the tax bracket.

Maybe folks would want to induce labor sooner over this?

2007-05-28 01:01:12 · 6 answers · asked by Anonymous in United States

2007-05-27 20:26:18 · 2 answers · asked by cranford72 2 in United States

I am here in US by a I-94 visa which means I am entitled to work here.My father wants to send me some amount as subsidy in cash . should I pay tax on it ?

2007-05-27 16:50:13 · 3 answers · asked by Anonymous in United States

If i do have to pay will i have to pay it all at once

2007-05-27 15:50:01 · 8 answers · asked by Jay W 2 in United States

if someone hasn't filed taxes in several years and is getting paid in cash can this be considered tax evasion? if so, how much time can a person serve for this? no records of money paid, no w2's all cash all unreported. sometimes large amounts is that illegal?

2007-05-27 15:48:03 · 11 answers · asked by MIMKA 1 in United States

By contract our children must attend the private school system at which my wife teaches. Failure to do so would result in her dismissal. Can we claim the tuition as an employee business expense for income tax purposes?

Thanks1

2007-05-27 15:21:45 · 10 answers · asked by Anonymous in United States

what is the defination of relief checks?

2007-05-27 12:55:43 · 2 answers · asked by Anonymous in Other - Taxes

2007-05-27 10:10:17 · 2 answers · asked by FC 1 in Other - Taxes

2007-05-27 09:52:26 · 3 answers · asked by :Anonymous: 2 in United States

2007-05-27 09:41:37 · 4 answers · asked by amonreal34 1 in United States

Just federal and ssi...its a salaried position with no state tax.

2007-05-27 09:09:25 · 2 answers · asked by daboots 1 in United States

2007-05-27 08:59:31 · 2 answers · asked by misspayroll@sbcglobal.net 1 in United States

I work as a substitute teacher, I am required to drive to different schools every day. Can I deduct my transportation costs as a job related expense?

2007-05-27 08:47:05 · 3 answers · asked by samanny 5 in United States

help, everytime I get paid, i end up broke is there a way i can save money

2007-05-27 08:32:50 · 3 answers · asked by from your dreams 2 in United States

can i still do my taxes, although its been 2 months pass the deadline

2007-05-27 08:31:16 · 10 answers · asked by from your dreams 2 in United States

Every paycheck I get a lot of money taken out of my paycheck for taxes...understandable. I just want to know what factors go into this and maybe a detailed report of each factor and its contribution.

2007-05-27 08:06:29 · 2 answers · asked by bruce_eel 4 in Other - Taxes

I'm 17 and am working part time for $10/hr. Here is an example of one of my paycheck.

I worked 11.5 hours and so I made $115, but then my employer deducted $17.25 for federal withholding, $7.13 for social security, and $1.67 for medicare. I ended up getting $88.58 after all the deductions that paycheck. This is about 23%.

Now I just asked my sister about hers, and she told me that her paycheck was $126.05 and she lost $13.75 through taxes. This is like 10%.

Why is mine so much higher? Is my employer ripping me off?

2007-05-27 07:51:38 · 5 answers · asked by Nick 2 in United States

just curious

2007-05-27 07:35:25 · 7 answers · asked by toomuchtv23 2 in United States

what percentage 5 or 15 % do I use for capital gains tax

2007-05-27 06:30:16 · 1 answers · asked by llbutler1 1 in India

I owned this property 36 yrs, it was unimproved acreage only

2007-05-27 06:26:32 · 1 answers · asked by llbutler1 1 in United States

2007-05-27 05:29:47 · 3 answers · asked by Carol R 1 in United States