Taxes - June 2007

thinking about starting a limited company in UK, mostly for small business (ebay etc), question is what is the limit on the income that is tax free?
Regards

2007-06-14 11:50:32 · 1 answers · asked by Magnanimus 2 in United Kingdom

We closed on the house last year in mid-May, and now they want to do an assessment for 2007. I know that whoever owns the house on 1-1-06 pays the taxes for the entire year. Are they refiguring for MY taxes now? I just don't get it.

2007-06-14 11:43:04 · 2 answers · asked by c_a_m_2u 4 in United States

my husband and i have three kids. we both work. i wasn't working previously and i just got a job and claimed one since he claimed me and our three kids on his. on his w4 he claimed 5. he obviously needs to change it since i am not a dependant of his since i have a job now. so does he claim the kids? he makes more money that i do so more taxes would be taken out? or should i claim the kids so the taxes are taken out of my check rather than his. and is it best to have money taken out of the check so you get it back or best to...well, i don't know the other options. filling out a w4 confuses me, although i can do our taxes!! ;o)
thanks for your help.

2007-06-14 11:39:30 · 5 answers · asked by pwrgrlmanda 5 in United States

I worked a little bit in 2000 and have about $50 tax withheld that I never bothered to file for, and now I'm wondering if I could file to get that money, or if it's to late.

2007-06-14 11:26:34 · 2 answers · asked by all_purpose_white_guy 2 in United States

I am currently unemployed and I am in debt with the IRS thanks to my wife. If I owe the IRS money what can they garnish if i am unemployed??
My x-wife is a real estate agent and she's making little to no money, but has two expensive cars and a huge house....
If I can't pay and SHE doesnt will they garnish her cars?house?

2007-06-14 11:26:19 · 3 answers · asked by Anonymous in United States

2007-06-14 11:14:08 · 6 answers · asked by Anonymous in Canada

I want to put the money back into the IRA that I borrowed from it.....I trade the stock market with that money and don't want to deplete the account. I don't have to pay the penalty because I'm 60....I just need to borrow from the account temporarily.

2007-06-14 10:56:54 · 4 answers · asked by douhavethepipa? 2 in United States

2007-06-14 10:50:05 · 3 answers · asked by skinmsr 1 in United States

We just put a new roof on our house...is this tax deductible next year when we file?

2007-06-14 09:50:05 · 5 answers · asked by juda75 3 in United States

2007-06-14 09:09:37 · 6 answers · asked by Anonymous in Other - Taxes

I rec'd the check, called Amex to verify that it was legit, cashed it and it cleared. My question is do I need to claim this as income on my taxes? I am a housewife, so not currently employed outside the home and my husband and I file jointly.
Amex was not very helpful. They just said that the check was
a refund of interest and fees and to check with my tax person.

2007-06-14 07:51:07 · 2 answers · asked by fletch 2 in United States

I 1031 Exchanged into my properties. And I want to build townhouses on them and sell them. Do I have to realize the defrred tax from depreciation?

2007-06-14 07:42:54 · 1 answers · asked by Johnny C 1 in United States

Existing home cost $200,000, selling for $240,000 18 months later, buying another home for $265,000. Do they owe capital gains taxes on the $40,000 increase in value? Also, they are taking $19,000 from the proceeds of the sale to pay off their car loan, so in essence they are putting $21,000 down and financing $244,000 - not that that should matter.

2007-06-14 07:28:20 · 6 answers · asked by lefty551 1 in United States

2007-06-14 07:01:07 · 3 answers · asked by chinchpokli 2 in United States

My wife just changed positions at her job and had to pick up more hours. Is it possible to increase our flex account due to a promotion?

2007-06-14 06:48:00 · 2 answers · asked by todd s 2 in United States

I am newly divorced and will no longer be filing my income taxes as a married person. I assume I will be claiming myself as a dependent and possibly one of my children as well. How do I get an estimate of what I will be paying out on a weekly basis?

2007-06-14 06:32:15 · 8 answers · asked by Becca 1 in United States

I owe back taxes and I am unable to pay. I work 10 hours a week at a job, and the IRS states if i dont pay i could have what little wages I make garnished. is there anyone i can speak to

2007-06-14 06:32:00 · 5 answers · asked by shelley h 2 in United States

If anybody knows anything about this please tell me what you know. How does one file at the end of the year and does the employer have to match what he deducts? I have never heard of an employer deducting from cash, is this legal?

2007-06-14 05:51:08 · 5 answers · asked by jojo9 3 in Other - Taxes

The 1040_ES forms are due Jan15,Apr15,Jun15,Sep15. That's 4months, 3 months, 2 months, or 3 months, instead of 3 months each. Why does the IRS define "qaurterly" as 2 months or 4 months?

2007-06-14 05:44:46 · 5 answers · asked by Hgldr 5 in United States

1)accrued expenses
2)accrued revenues
could you explain when they might occur and give an example of what they would look like.
Thanks

2007-06-14 05:33:04 · 2 answers · asked by Anonymous in Other - Taxes

2007-06-14 05:21:49 · 4 answers · asked by Shana R 1 in United States

during the year they dont have social security tax or medicare tax unless they excercised their options. also when they excercise their options the government dont get their share first meaning the government has this nice thing called withholding before you spend but ceos dont have that. the ceo gets their pay first then pay the government a lump sum. what are the cons of stock options? besides they can go down in value.

2007-06-14 05:07:23 · 2 answers · asked by Anonymous in United States

Hi. I will be taking classes and will have to pay to park in a parking garage. Can anyone tell me if the money I spend parking (for educational purposes) can be used for a tax deduction... I have a feeling it's really going to add up over the year!

2007-06-14 03:59:17 · 4 answers · asked by ohmygosh 3 in United States

2007-06-14 03:51:45 · 7 answers · asked by sam 1 in United States

Is there anyway I can retrieve a copy of my 2006 Tax Returns online without a cost? Please give me the website to go to...Thank you

2007-06-14 03:46:54 · 7 answers · asked by ? 5 in Other - Taxes

2007-06-14 03:46:38 · 8 answers · asked by A L 1 in United States

I have a at home business that i started about 10 months ago i need to know if anyone can tell me what i can claim on my taxes.
I use the internet and phone for the business. I purchased url i have purchased leads. ect.
Please help if anyone might know an answer.

2007-06-14 03:42:44 · 2 answers · asked by Anonymous in United States

2007-06-14 03:23:48 · 1 answers · asked by laughingbunty 1 in United Kingdom

Does a person who makes little or no money eventually get a refund becuase of this ?

2007-06-14 03:17:44 · 3 answers · asked by Cherry C 2 in United States

This is just a question. I know i should invest in in tax free acounts like an IRA, I AM JUST WONDERING dont give me investment options

2007-06-14 03:06:42 · 5 answers · asked by Anonymous in United States