Taxes - June 2007

I just got married in the state of Virginia and I was wondering do I need to change how my taxes are taken out of my paycheck now?

2007-06-19 04:51:24 · 3 answers · asked by k_immi_e 2 in United States

My mom in Mississippi, who is 73, lives on Social Security, receives Medicare, and is unemployed, just sold her house. She invested the larger part of her money ($70,000) in a CD, and a small amount ($10,000) in a Money Market. It was her first home sale, she has no other money or property and is now living in a one bedroom apt. My question is at her age and income and tax bracket will she have to pay any taxes on the money she made from the sale of her home and/or will she be taxed in any way on the money she now has in her two types of savings accounts?

2007-06-19 04:46:51 · 5 answers · asked by Samantha N 2 in United States

I have 3 queries
1) What happens if one files the returns late ?
2) Will it have any implications on getting IT refunds if an individual files a late returns?
3) have anyone got IT refund for AY 2005-2006 ?

2007-06-19 04:36:55 · 6 answers · asked by Milind Desai 4 in India

Are businesses required to pay federal taxes if you do not have employees?

2007-06-19 04:32:28 · 4 answers · asked by alphamodel 1 in United States

The IRS only allows $3000 in childcare credit. I don't know anyone who pays only $250 a month in childcare. An average estimate for my area is about $8400 a year for a certified daycre center. Where does the IRS come up with these figures? I am going to move there and enroll my kids in THAT daycare!

2007-06-19 04:28:07 · 4 answers · asked by quirky 5 in United States

This a kinda stupid question I guess, but not sure about it.
I was in a wreck last year and was not at fault. I paid the $500 insurance deductible out-of-pocket to pick up my car from the body shop. I have yet to receive this money from my insurance company. Question: When I do receive this money will I have to claim it as income at tax time because we are in a different calendar year? Does it matter that I paid it out-of-pocket, therefore, IMO, it isn't really income?

2007-06-19 03:53:59 · 5 answers · asked by ModelFlyerChick 6 in United States

One that includes compensation for living arrangements, and child care costs

2007-06-19 03:53:55 · 1 answers · asked by Anonymous in United States

Mr X is making 16000, in wages. He paid 11000 in his third semester for 2006, as undergraduate tuition fees. He is not choosing not to defer his student loan and paying them currently. He paid 1100 as student loan interest for the current year.

He also received $8500 from the university to pursue bachelors degree and spend $4000 on tuition and $3000 on books and supplies and $2500 for rooam and boarding. Can these things be included in Mr X's Gross Income and what is the code section that covers this income/deduction.

2007-06-19 03:37:39 · 3 answers · asked by Anonymous in United States

I helped my fiance, now husband, file his taxes so I know he filed divorced. He has been divorced for over two years. For some reason, when he received his refund check, her name is on it too.

2007-06-19 03:34:08 · 5 answers · asked by jodimcdermott@sbcglobal.net 1 in United States

2007-06-19 03:23:31 · 1 answers · asked by peafunk 1 in United States

i don't want to get burned in the future, but i don't want to become a pack-rat!

2007-06-19 02:16:43 · 4 answers · asked by Jason A 1 in United States

I make 15/hour 40 hours a week. and the internship is for 3 months. Is there any other info you would need? Let me know. I just want an approx. ammount...Thanks

2007-06-19 01:59:42 · 3 answers · asked by sd720 1 in United States

If yes, what records do I need?

2007-06-19 01:47:46 · 6 answers · asked by imjustpeachytoo 2 in United States

Some states charge tax on carbonated beverages but NOT on other beverages, such as juice or milk. What's the law in your state?

2007-06-19 01:20:10 · 4 answers · asked by Anonymous in United States

We require w-9's since we don't withhold taxes; however this independent contractor has not given us an identification # that we can submit to the IRS, and I'm not too sure what to do about his earnings. Should I withhold them until he provides a valid #? or is there another form I need to fill out for him since he is a foreigner?

2007-06-19 00:54:28 · 3 answers · asked by Gabriela 1 in United States

If a U.S.-based bank were to open an account for me, does anyone know how the interest would be reported? Does some type of internationl law require the bank to report the income to U.K. tax authorities?

2007-06-19 00:04:34 · 3 answers · asked by lucky_lenny_1964 3 in United Kingdom

2007-06-18 23:35:40 · 2 answers · asked by alsfnmeup 1 in United States

i want to get my own identification number

2007-06-18 22:21:19 · 1 answers · asked by mae 1 in Other - Taxes

we even have the 5 cent tax on cans of tomatoes,soups, etc. , we can't recycle those cans and cant even return them to get that 5 cents back.
WORSE , Of course there is a 4% tax on the 5cent, were getting ripped off.
What about your state ?

2007-06-18 18:47:46 · 7 answers · asked by Nat 4 in United States

Yeah, okay, im a teenager with a summer job and i havent taken consumer education and im immature blah blah blah and i dont know whether i need to pay taxes or not. Im working in a store for this woman who runs her own business. She contacts other companies and orders personalized stationary, towels, etc. I wasn't really hired i guess...all she knows about me is my name. Everytime i work she writes out a check from her store's account and gives it to me. My friends who have jobs in retail, as lifeguards, hostesses etc. all have to pay taxes, but i dunno if i need to. probly, huh?

2007-06-18 18:32:27 · 6 answers · asked by Anonymous in Other - Taxes

I would understand if the government taxed cigarettes if they provided free healthcare because of the conflict of interest. But what is their reasoning behind the current sin tax? The the government just wants to profit off of peoples addictions? Plus how can the federal government require tobacco companies to discourage youth smoking all the while the tax on cigarettes helps pay for public education?

2007-06-18 18:04:29 · 7 answers · asked by anniebizzle3 1 in United States

2007-06-18 17:55:11 · 4 answers · asked by Jonathan S 1 in United States

2007-06-18 17:54:46 · 3 answers · asked by Anonymous in United States

Ed & Elaine Brown have stated they will pay a tax on their income if the I.R.S. would show them the law requiring Americans to pay a tax on their labor (income).

Why would the I.R.S. rather murder Ed & Elaine Brown then simply show them the law so the Brown's can pay the money the I.R.S. claims they are owed ??




? ? ?

2007-06-18 17:38:58 · 6 answers · asked by guiseppeamore 2 in United States

Do they go to your spouse if you die young or do they just disappear?

2007-06-18 16:44:43 · 10 answers · asked by Lorraine L 1 in United States

My mom has had a difficult time with her joints. She had a hip replaced and it didn't heal. She had to have both hips taken out due to infection. She is now scheduled to have the prosthetic hips put in. Because of all she has been through, she has lots of joint pain. My husband and I paid for a jetted tub to be put in her house to help her. Can I take out any kind of tax deductions for this gift? It was about $7,000.00. Any help would be great! Thanks.

2007-06-18 15:11:10 · 5 answers · asked by siliebilie 2 in United States

does the Gst rate of a country becomes low when they go to wars, thus, lowering the cost of their exports??

2007-06-18 15:04:53 · 2 answers · asked by ... 1 in Other - Taxes

Or do you just pay fines?

2007-06-18 15:02:50 · 12 answers · asked by JoeIQ 4 in United States

through 2007 and did not file or pay any taxes how much trouble would thry be in

2007-06-18 14:59:15 · 3 answers · asked by phil d 2 in United States

2007-06-18 11:50:19 · 5 answers · asked by drj_pb 1 in United States