Taxes - June 2007

I recently became an officer in a very disorganized non-profit organization. We are tax exempt but there are no forms in the pile of paperwork that say that. In order to open a new account we need an IRS ruling letter of tax exemption. What exactly does this look like and how can I get another one? Thanks in advance

2007-06-21 13:56:38 · 4 answers · asked by sunshine 2 in United States

Have a Partnership (LLC.) with 2 individuals and would like to add two more people to the mix...what forms do I need and do I need to do anything special?

2007-06-21 12:58:15 · 3 answers · asked by emiaswg 2 in United States

i'm the director of a pregnancy help center and we need to move our office. would a business owner be able to get a deduction for allowing us to use a part of there building rent free? and if not, would it be unethical to pay them rent and then have them pay us back and call it a donation? any thoughts would be great! thank you!

2007-06-21 12:51:42 · 4 answers · asked by weezers79 1 in United States

i am 21 i am married..my wife does not work..we live together with her mother in law..so can i claim 4 allowances on my w-4 form? and if i do..Little taxes gets withheld from paycheck but i get a very little refund..rite?

2007-06-21 12:23:47 · 4 answers · asked by Anonymous in Other - Taxes

I have never filed bankruptcy, but owe bookoo bucks on both, does filing chapter 13 include those debts?

2007-06-21 12:07:38 · 9 answers · asked by MARY L 5 in United States

wat do i put down on my w4 form for them to take out less taxes....im 21 im married..i live with my wife in an apartment. and its just us 2 and she dont work and i make 24000 a year..

how many allowances do i put
? and do i put exempt or non exempt?

2007-06-21 11:52:13 · 2 answers · asked by Anonymous in Other - Taxes

wat do i put down on my w4 form for them to take out less taxes....im 21 im married..i live with my wife in an apartment. and its just us 2 and she dont work and i make 24000 a year..

how many allowances do i put
? and do i put exempt or non exempt?

2007-06-21 11:51:04 · 3 answers · asked by Anonymous in United States

i was told as an employee you pay half of your social security and your employer pays the other half. Is this true?

2007-06-21 11:39:45 · 8 answers · asked by mugithi 1 1 in United States

I have a $ 227.00 difference between what my personnel action report from my bosses says and what actually shows up as my salary on my paycheck- shouldn't they match? Do they have to reimburse what they haven't paid? I just realized this has been going on for 6 months.

2007-06-21 11:13:56 · 6 answers · asked by Anonymous in United States

As I`ve noticed from yearly statistics, the average salary in my profession seems to be $65k per year in U.S. (I`m currently in Europe and have a B1-Visa, though my wife and kids don`t have VISA).

The question is whether it`s possible to live a normal life with a family of 5, where wife isn`t and wouldn`t be working - thus it would be the only income. With 2-3 more yrs of experience, I could jump to around $75k, which I know is enough to survive from month to month.
Of course, I`m not talking about living in those more expensive places like SanFran, NYC or Bay area - there are many cheaper places in U.S. where costs of living are significantly lower, while salaries are just 10% lower (compared to national average in given field).

How much would I actually get from that $65k salary to my bank account after all taxes ? Range is enough. I`d guess around $3100 ?

What about medical insurance ? How much does that usually cost each month

2007-06-21 11:13:52 · 16 answers · asked by joey 1 in United States

A friend of mine owes taxes on her home from 2006. She said that if she doesn't pay by the end of the month that they will sue her? Does the government sue for stuff like this or do they just tack on a bunch of penalties and interest? Can they take her house?

2007-06-21 11:11:50 · 11 answers · asked by Blitz 3 in United States

my sister just got a call from someone at the social security office and they told her she would recieve a $1000 grant for paying her property taxes on time....they took her bank account number and said it will be deposited in 4 or 5 days...anyone else heard of this?? i think it's a scam!!

2007-06-21 10:27:32 · 4 answers · asked by Anonymous in United States

Just curious. I know it never recieved enough voted to actually be amended then the government just started taxing us anyway.

2007-06-21 10:03:55 · 7 answers · asked by Beauty&Brains 4 in United States

I forgot to submit a W-8 form to my brokerage company. When I made a trade, the IRS witheld 28% of the entire proceeds (not just the gain!). My brokerage company (E-trade) says they cant do anything. My question is how do I retreive the witholdings?

2007-06-21 09:59:41 · 1 answers · asked by Rommel 1 in Other - Taxes

If I can keep both 401K and IRA, can I contribute both accounts in same year? Another question is can I transfer from 401K to IRA and reversely?

2007-06-21 09:45:47 · 2 answers · asked by quangbi 2 in United States

The form item B mentions spouse wages less than 1,000$.
Is this total wages for the year or monthly wages?

2007-06-21 09:06:14 · 4 answers · asked by Sasi 2 in United States

if i start to invest soon, i plan on investing in the marker and when ever i sell a stock and make money, i plan on putting the money back in to the market.

2007-06-21 09:03:38 · 7 answers · asked by Anonymous in United States

I just got a job at one company with 401K plan after couple years layoff. Can I keep both IRA and 401K or I have to roll over fron IRA to 401K?

2007-06-21 09:02:19 · 3 answers · asked by quangbi 2 in United States

In situations where you've taken a full withdrawal from a 401(k) plan and had the check made payable to you, the plan administrator withholds 20% and that is sent to the IRS as a tax payment.

In the tax form relating to these distributions, it says that if you make up the 20% from another source and rollover the full amount, you MAY receive that 20% back as a tax refund.

Unfortunately, it doesn't clarify what they mean by "may." I'm assuming it means that if you owe any taxes, that money would be deducted from the 20%. But if you break even or are due a refund, you would get the 20% back.

Is that correct? Or does "may" indicate some other evil IRS reasoning?

2007-06-21 09:01:21 · 2 answers · asked by Anonymous in United States

There was some unpaid 941 taxes when we split. The IRS went after him because of his assets to obtain the money. I have done everything in my power to get them to leave him alone. they have now got their money from him and he is sueing me.

2007-06-21 08:35:08 · 7 answers · asked by STEVE H 1 in United States

How much could I expect to lose to taxes? If I made roughly$1000 a month, how much of that would go to taxes if I was living in CA?

2007-06-21 08:31:51 · 2 answers · asked by toobland22 1 in United States

I am curious what kind of tax return I will get on all the overtime I will have worked this year. I file single and claim 0 and usually get a decent return, but this year is different in that I have a salary then on top of that I am paid overtime which I am charged roughly 40% to taxes.
Also, why tax overtime pay more than salaried pay?

2007-06-21 08:10:26 · 2 answers · asked by ehad46 2 in United States

I just started exotic dancing and I was wondering if you can file for taxes? And if so HOW?

2007-06-21 07:53:33 · 3 answers · asked by A N 1 in Other - Taxes

I received a call from a man claiming to be calling from social security to say i was entitled to $300 for the next six months to be deposited in my bank account. THey said it was because I paid taxes and I had no arrest record. Is this a legitimate call or is this some kind of scam? Has anyone ever heard of this?

2007-06-21 07:53:04 · 6 answers · asked by QueenofLavender 1 in United States

is there tax calculator or website to quickly compare the "tax impact" of sole proprietor vs. corp?

I am interested in only looking the financial impact...I do not need definitions of "sole proprietor" or "corp."

2007-06-21 07:51:06 · 3 answers · asked by holaandgoodbye 1 in United States

If you win a-lot of money, why do they take out the taxes? I know if you buy something you haft to pay tax, but why do they take out the tax if you won a-lot of money? That's your money that you have won. You should keep all of your money.

2007-06-21 07:38:34 · 8 answers · asked by Anonymous in United States

I have a timeshare which I never used. I stopped making the cleaning fees payments since 2006. I just received a bill from the city charging me for taxes on the timeshare. What may be the consequences if I do not pay the city tax for the timeshare? Will they sue me or will I go to jail?

2007-06-21 06:53:13 · 3 answers · asked by Rosie 1 in Other - Taxes

It's been over three months now. Where do I call to find out about paying the rest? Has anyone else not gotten theirs back yet?

2007-06-21 06:49:31 · 4 answers · asked by Bella 4 in United States

hurry!

2007-06-21 06:36:51 · 1 answers · asked by Anonymous in United States

What will happen if I decided to file for 2007? Also, I'm a college student

2007-06-21 06:12:37 · 12 answers · asked by facethefacts 1 in United States