Taxes - June 2007

I got a big refund last year and would like to have a little extra cash now. How do I temporarily stop my withholding for 2-3 pay cycles?

2007-06-18 10:38:26 · 12 answers · asked by Robert B 3 in United States

2007-06-18 10:09:56 · 1 answers · asked by lady confused about tax 1 in United States

My father wants to claim me on his taxes as a dependent and meets all criteria besides possibly the Residence test. He is telling me that because I am a student I am "temporarily absent" from his residence, despite the fact that I have been moved out for 4 years now and I am never moving back.

Is he right?

2007-06-18 09:59:47 · 5 answers · asked by comemrtaxman 1 in United States

Is it Hong Kong?

2007-06-18 09:55:06 · 2 answers · asked by Anonymous in Other - Taxes

say your fiance is making 70,000 a year. how much would marriage reduce his taxes?

2007-06-18 09:28:01 · 6 answers · asked by kestrelk8 6 in United States

my dad owes back taxes & child support in c.a. my grandma owns a house in the state of washington. she will be passing away soon.is there anyway that she can put the estate in my name so the i.r.s. wont take all the money from the sale of the house if it were in my dads name. its in his name as of now. can we set up a trust fund for me so im the only owner of the house.its in washington state. i need to know all the laws of inheritance,estate procedures. etc...

2007-06-18 09:04:24 · 3 answers · asked by girlbld 1 in United States

my daughter is 16 and will begin working her 1st job. Am I understanding right that she can earn up to the standard deduction and not have to pay or file taxes? Or does she have to file regardless? I tried looking this up online but not sure where exactly to go. Any help appreciated. Oh and one more question. Since I still claim her as dependant what should she put on her W4?

2007-06-18 08:42:26 · 4 answers · asked by Anonymous in Other - Taxes

if you have 100K saved and in a savings account earning 5.2% interest. Do you pay taxes on the income/interest?

2007-06-18 08:22:07 · 13 answers · asked by Droppin Knowledge 1 in United States

Does anyone know, if you are a student and was a dependent on someone taxes can they file you as a student on their taxes if you took theology classes for 6mos at a Church. Can you check the box on your taxes for a student in school for the 2006 tax year, the person is 23 years old. The IRS want proof that I was a student and I was. What makes you considered to be a full time student, because now they say you have to be full time. I was a student for 6 months? Thanks

2007-06-18 08:16:42 · 3 answers · asked by ktd78 2 in United States

2007-06-18 08:13:31 · 5 answers · asked by Anonymous in Other - Taxes

This Lennar gated community has a HOA of $150/month plus a CDD of $350/year added to the taxes, isn't that double taxation? Why they do this?

2007-06-18 07:53:42 · 1 answers · asked by Jav B 2 in Other - Taxes

I am 45 yrs. of age, my parents are in 70's and have asked if I want to go on Title? What Tax. consequences would I incure? if any?..is this a good idea tax wise? (California, Los Angeles), and I do own other real estate.

Thank you

2007-06-18 07:42:47 · 2 answers · asked by Anonymous in United States

2007-06-18 07:33:48 · 3 answers · asked by sws 1 in United States

2007-06-18 07:32:58 · 2 answers · asked by Anonymous in United Kingdom

2 yrs ago my accountant filed my taxes with a 1040ez and a I-150, i actually got a tax refund! Now this yr she filed a 1040 and I-201 instead, and i got nothing back!
Whats the diff? Why didnt I get any money back?

2007-06-18 07:18:21 · 2 answers · asked by fooslasha 1 in United States

2007-06-18 07:08:00 · 5 answers · asked by rick n 1 in United States

I recieved a irs paper thingy from them for 50 dollars do I have to file that in my taxes im about to do that.If I dont what will happen? Its from bank of america.

2007-06-18 07:04:35 · 4 answers · asked by Anonymous in United States

do you have to pay tax if you started toclaim incapacity benefit in 1992?

2007-06-18 06:25:15 · 4 answers · asked by Anonymous in United Kingdom

2007-06-18 06:22:04 · 12 answers · asked by Shinigami<3 1 in United States

Just out of curiosity and because someone may be using my number, I was just wondering, what can happen if two people try to file taxes using the same Social Security number? I mean, can either one be punished or how does the law find out who and where that other person lives? What is the whole process and what exactly can happen?

2007-06-18 06:21:32 · 7 answers · asked by Anonymous in Other - Taxes

will i be charged sales tax on $140 or $40? in other words, do i have to pay sales tax on the hundred dollars that was discounted? i think it was a retailer's coupon. i am in the state of colorado if that helps.

thank you for your help.

2007-06-18 05:59:44 · 5 answers · asked by Tara F 1 in United States

2007-06-18 05:37:41 · 2 answers · asked by Anonymous in United States

My last pay check they took out quite alot of money. So what i was wondering would it be smarter to claim exempt to save myself from paying the taxes, or pay the taxes now and later get the tax return? I am confused on the subject was just wondering some input!

2007-06-18 05:17:42 · 8 answers · asked by Ronster 3 in United States

I was always told that if you file zero on you taxes, that means that you are claiming "zero" and that they will take the most amount out of your paycheck so you most likely will not have to owe money (or as much) as if you were to file 1 or more. is that correct?

2007-06-18 05:05:01 · 8 answers · asked by daniella s 1 in United States

I moved out 2 years ago, and rented it out. Now, my tenants are gone, and I want to sell it. Will all the gain be tax free or will I have to recapture depreciation?

2007-06-18 05:04:19 · 4 answers · asked by lawmom 5 in Other - Taxes

Before my marriage in 99, I worked at a small company making hardly any money. That entire year of 99 my ex-husband and I dated. He owned his own business. We were married in Dec of that year and filed together for the refund the following year using my social security number. Shortly after, I got a statement from the IRS stating I owed almost $18,000 and the IRS has been taking my tax refunds for almost 3 years now. My husband works for himself and doesn't even file so I'm left to pay the bill. Each year interest occurrs and it looks like I will never pay it off. I feel that since I did not work in his buisness or even know how much money I would be charged with, I feel like I shouldn't have to pay this money back. That entire year, I had nothing to do with his business even though I filed with him. Doesn't this seem unfair and how do I get out of this?

2007-06-18 04:35:57 · 3 answers · asked by precious girl 1 in United States

For our 2006 taxes we went to H&R Block as usual to file. Me and my BF have been together for 6 years and have 2 children together. We have always filed single and I claim as HOH and our 2 children. This year when we went to file the tax preparer was lecturing us how last year we should have filed married, filing jointly because we have been together for 5 years... when I asked her why she told me California's Common Law. She said we could be audited for our 2005 return. To make this story short we filed our 2006 taxes as married jointly in Feb 07', per our tax preparer advice. Anyways I've done my research and California doesn't have common law and I am soo pissed! I'm scared that I'm gonna get trouble because I took too long and didn't research this right away. Can anyone give me advice, and is filing the 1040X the right form I should use or is too late?

2007-06-18 04:23:57 · 4 answers · asked by Pinionesfam 2 in United States

2007-06-18 03:54:18 · 8 answers · asked by Michael W 1 in United States

I'm doing some freelance work for abouty $8,000. Should I register a business and have the pay directed to the business, or should I just have them pay me directly. From a tax point of view, which is preferable?

2007-06-18 03:03:18 · 3 answers · asked by natman 2 in United States

If a company donates goods for services, can they use it as a tax write-off and at what percentage? Do you know the law # to refer to? The goods are for our troops, if this matters with determining which tax law applies. Thank you.

2007-06-18 02:56:31 · 4 answers · asked by Faeriesmagic 2 in United States