Taxes - June 2007

I have a child that I am used to claiming the child tax credit. I also am used to filing head of household. Do we still file one of us as head of household whether we file jointly or seperately? Currently, he is only going to school full time. I work part-time, and will be going to school part-time this fall..not sure if that makes any difference.

2007-06-13 11:26:12 · 12 answers · asked by Heather C 1 in United States

My fiance's ex-wife's daughter from a previous marriage has been filing head of household for at least a few years (I'm really not sure how long exactly) and she is 21. She does work, but his ex lives in low income housing with her 21 year old daughter and their 8 year old daughter they had together. His ex is 43 years old and has not held a job in about 3 years for no reason in particular, basically because she doesn't want to. Her daughter is bringing in the income. He is going through a divorce now, which will be final next week and he will be able to claim their daughter every other year. However, the 21 year old daughter has been claiming her on her taxes by filing head of household. Is she allowed to do that? I'd appreciate if anyone could let me know! Thanks!

2007-06-13 11:22:28 · 4 answers · asked by Scheyenne W 2 in United States

2007-06-13 11:06:32 · 3 answers · asked by James W 1 in United States

Are there capital gains taxes? Does this get added to total income?

2007-06-13 10:58:35 · 2 answers · asked by dpressim 1 in United States

I am single, I have 1 depoendent, I can claim head of houshold & the child tax credit. If I fill out my W4 according to what is true, I can claim 6 allowances. Is this a bad idea? I never seem to have extra money to pay more taxes at tax time. I almost rely on a refund. How do I "break even" so that I don't have to pay at the end of the year but my paychecks are still substantial?

2007-06-13 10:48:53 · 5 answers · asked by Beth 1 in United States

I am married and going to college, and my wife is also going to college. My question is on the tax rebates that you get from being a student. I know that you get like $2000 refund from being a student, but my tax guy said that because we are married that we can only get the $2000 from one of us, instead of the full $4000 that we would have got if we were supposed to be single. Is that true? Is there a way to get my full refund? I feel like i keep getting screwed (of course) everywhere I turn because me any my wife are trying to survive and move up in the world (and be smart), but we can't ever get help with school. We barely made 30,000 together last year so we no longer get grants (but seperate we would have got a lot!), and we only get half of our rebate. We are waiting to have kids after school, so we also get screwed because of that, even though it is the smart decision to wait because of time and financial reasons. Please help.

2007-06-13 10:38:44 · 3 answers · asked by Silver Fox 2 in United States

already tried guidestar.

2007-06-13 10:17:14 · 5 answers · asked by Anonymous in Other - Taxes

i do not want any taxes witheld from my check, but i am trying to see if i should adjust my w4 my husband is cliamimg 6 for federal and 3 for state and our combined income is 61,600 what should i do? can i claim like 10 so that i dont get alot taken out, especially since my husband is already taking out exemptions. please be specific with your answers thanks.

2007-06-13 09:40:17 · 9 answers · asked by haley01 1 in United States

Is there a limit to a contribution a spouse can make to a company sponsored 401(k) plan if her husband (sole owner of an S corporation) has a fully funded pension plan (SEP) through his S corporation?

2007-06-13 09:30:39 · 2 answers · asked by Radiant 1 in United States

just started a new job and got a big raise. I am renting a new house and would like more money on my check but not have to end up paying at the end of the year. I currently claim zero.
I am single, no dependents...I need the extra cash to help cover rent and other monthly payments.

2007-06-13 09:20:24 · 3 answers · asked by ls2goat 1 in United States

A friend of mine is receiving about $3,500 from a relitive who passed away. She wantes to put that money towards her uncle's funeral costs. Her uncle is in a nurcing home and other than being parylized and diabetic he is healthy. He most likely will live another 30 years. Is there any way to safley invest that money so that in 30 years it will cover the cost of a funeral and so she will not get hit with taxes on the interest. She cannot put the money is his name or the nurcing home will take it.

2007-06-13 09:12:29 · 1 answers · asked by Anonymous in United States

Hi,

Just wondering what I need to do to get a tax ID#. There is something that I need to fill out which requires SS# or a tax ID#. I would really prefer NOT to pass out my SS, so would like to get a tax ID instead.

How do I go about this and how long does it take? Does it cost anything?

Thanks for your help!

2007-06-13 09:09:17 · 7 answers · asked by animal lover 4 in United States

Hi, I have made some money on an online venture from the uk, a friend is claiming half as they told me how to make the money. For tax purposes what is the best way of declaring the money I have had to pay my adviser?

2007-06-13 08:57:47 · 3 answers · asked by Phil R 1 in United Kingdom

2007-06-13 08:56:27 · 6 answers · asked by Anonymous in United States

im a college student who hasnt filed my taxes yet. i made around 10,000 under the table how do i go about paying my taxes on the $ i made? someone told me not to go to H&R block or one of those places but to go to an accountant instead, can anyone help me

2007-06-13 08:53:19 · 4 answers · asked by wikkedsun 2 in United States

I need to do a pay roll check and I don't knwo what is the % to deduct?

2007-06-13 08:34:52 · 2 answers · asked by elvirarodriguez 1 in United States

2007-06-13 08:09:32 · 5 answers · asked by Anonymous in United States

I'm a student so my income tax check was only about $13.08, but when I got it back it was $1308. Now I went through the web of push this number and hold, still am actually, but I have no idea what to do. Help please. :)

2007-06-13 08:09:08 · 5 answers · asked by hotlips4784online 1 in United States

i am selfemployed, I have an online business.
I get 1099's for money i receive.

Do i pay taxes on the amont of those 1099's or do i pay taxes on te money i have left after i pay my own bills?

2007-06-13 07:48:44 · 13 answers · asked by crystalnjohn06 2 in United States

2007-06-13 07:19:09 · 15 answers · asked by Anonymous in United Kingdom

Can I give my 2 children 12K each and then take some out if I need it down the road? Both are under the age of 6. Not sure the exact rules. Thanks!

2007-06-13 07:16:59 · 5 answers · asked by Curt L 1 in United States

2007-06-13 07:13:30 · 11 answers · asked by Anonymous in United Kingdom

I am a mother of two and looking for a small business to do so i will have flexible hour for my kids. I need some money to start up and i am thinking may be i should take money from 401k. I wonder if i have to pay penalty for early withdraw and how much is it?

Thanks for professional anwser

2007-06-13 07:11:48 · 7 answers · asked by antoine 1 in United States

2007-06-13 07:07:14 · 5 answers · asked by BlessedtoBe 1 in United States

The house is located in Lockhart Texas. Father-in-law has alzheimers. Don't know when the house was put in his name. His wife is deceased. The property taxes was paid by another family member. No one has lived in the house for the past 4 months.

2007-06-13 06:52:19 · 3 answers · asked by Tee 1 in United States

When i filed my taxes i had forgot about a job i had in the beging of the year. i only made like $500 and i moved since then so i never got my tax thing that i had to turn into the lady that did my taxes and now i remember. whens gonna hapen what should i do?

2007-06-13 06:46:19 · 4 answers · asked by Anonymous in United States

I need to find a software system that can be automatically configured to work with the online version of Quickbooks. I am currently shopping for a tax system that will automatically work with Quickbooks online version to determine the sales tax on a state by state basis as well as help to identify what tax is necessary for what products. If you have any idea of where I can look for this please respond. If there isn't a software that will work with the online QB program I am okay with hand entering. But I need the program to be customizable so I tell it what I've sold and what state I sold it to and it tells me how much tax to charge. Please note I am using Quickbooks -ONLINE- version. It is not the same as the desktop versions.

For the most part our tax needs will be based on hardware, software, installation, shipping, site work, and contractor site work. Any assistance or recommendations are welcomed.

Thank you!!

2007-06-13 06:38:10 · 3 answers · asked by Nunya M 4 in United States

2007-06-13 05:44:41 · 9 answers · asked by leaves 1 in Other - Taxes

2007-06-13 05:44:02 · 5 answers · asked by dgizrobin 2 in United States

As its a very small business he doesn't produce lsips but only the envelope, so im going for a loan but need my last payslip., what do I do will they accept a envelope. its a proper one from staples. Thanks

2007-06-13 05:41:22 · 12 answers · asked by HELEND 6 in Other - Taxes