Taxes - June 2007

How does this work? I know certain states don't have state tax but If I work at a state with no state tax but live in a state that does, do I have to pay state taxes?

2007-06-13 05:10:23 · 3 answers · asked by Dan M 2 in United States

2007-06-13 03:15:15 · 1 answers · asked by David M 1 in United Kingdom

I have a good IRA money pile and I want to use that money to assist me on the purchase of a business. I know you can use IRA for other investments, including income producing real estate, so why not tranfering assets from stocks to ownership of a business? The asset would stay in my IRA account. What so you think? Where would the statutes be located so I can read them for myself. (I'll continue to look arounf the IRS site).

2007-06-13 02:51:48 · 8 answers · asked by Tom _ Red Sox fan 3 in United States

2007-06-13 02:43:00 · 13 answers · asked by mastutio 1 in United Kingdom

2007-06-13 01:37:16 · 2 answers · asked by JOHN M 1 in United Kingdom

i have a owned a house for 11 years, i lived in it for 12 months then i rented it out for the next ten years. then it was paid for. i need to know the calculations please.

2007-06-13 00:45:58 · 4 answers · asked by robert r 1 in United Kingdom

How much import duty will incur if I buy a product worth $100 from China, and imported to India? Say, if the cost of that product in India is $400, will there be separate tax on dumbing?

2007-06-13 00:20:07 · 3 answers · asked by Ullas M 2 in India

I will be living in the second house when I am working at my job and go to my original home for my days off.

If it is not tax deductible, is there any tax breaks for being forced to move away from my home because the economy is much worse there than the average (according to media and government reports).

2007-06-12 23:23:59 · 4 answers · asked by Traveler 4 in United States

I do not want to sell my home and am considering buying a second place near work. Will both mortgages be tax deductible on my year end income tax?

2007-06-12 23:17:31 · 3 answers · asked by Traveler 4 in United States

Hi I do a online business on ebay and it makes me good money, but I dont have a regualr job that will go into my irs as taxes. I want to buy a car is there a way I can like put the money that I make online into my irs, if so wont I pay money? Also is there a way not to do it without the proof of income can I show them something else. My credit score is gona be 702 around there in 2 months. I want to buy a new car, (first time buyer) How would I go about doing this all? Thanks in advance!!!

2007-06-12 19:11:30 · 5 answers · asked by Anonymous in United States

I'm 17. Basically I'm new at this whole 'income tax' thing. I got my first job at Wendy's a few months ago. They had me fill out a 'W-2' form I believe.

Money is autimatically took out of my paycheck for taxation. Though today I started earning money by taking online surveys (I did some looking around and found a legit site, among a few others). How am I supposed to report that money earned? It's not took out automatically. Should I take out 15% of each check and then submit it when the IRS asks for it? And how am I supposed to report it in the first place.

Despite the extra money from the surveys, what am I supposed to do with my Wendy's income when 'tax time' comes around.

I'm so confused!!!

Someone explain some things to me, please.

2007-06-12 19:06:25 · 7 answers · asked by N/A 3 in United States

Do I convert the title first before selling it? (how's the tax base calculation?) Or should I sell it under the trust( my aunts are the trustees)? Which tax base of selling title will be higher so that I can pay less capital gain? Thanks.
Also my aunt is getting Federal Supplemental Security Income (SSI). She has no money interest (not a beneficiary) with the living trust. Does it hurt her SSI Status from being a trustee? Thanks.

2007-06-12 17:46:56 · 4 answers · asked by EggshellHead 1 in United States

Another scandal of the U.S. Govt. is the fact that taxes on gasoline (and tobacco, but I don' t smoke so I don't care) are imbedded in the price, so the consumer has no clue what they're paying the govt. when they purchase those goods. If the average citizen knew how much money the govt. was making on a tank of gas, there would be riots in the streets.

That being said, those are still taxes and should be able to be deducted on a return right? If not, then that money is being taxed twice (income and gas tax). If I can deduct the gas tax from my taxable income, where can I find the amount of tax per gallon I purchased? I have all my receipts, but there's no "tax" printed on the slip. Thanks.

2007-06-12 17:18:13 · 9 answers · asked by Spaghetti Cat 5 in United States

Not that I have won that kind of money. I just wish I would.

Oh, and when I say 'the government' I mean the United States Government.

2007-06-12 16:32:44 · 7 answers · asked by Kosuke081 2 in United States

Never used it before wondering what happens if you do use it. Is it true that you have to pay back all the money they give you when you file taxes next yr? I've heard it really messes up your taxes.

2007-06-12 16:14:31 · 1 answers · asked by Anonymous in Other - Taxes

this is after basic state, federal and employment related taxes are withheld

2007-06-12 16:08:45 · 7 answers · asked by herenthere 5 in United States

2007-06-12 15:26:34 · 4 answers · asked by rodman 1 in United States

Okay so I just started a new job June 6th I worked for about 2 hours to learn everything and then I work 8 1/2 hours on Sunday and they haven't said anything about me filling out paperwork for a W2 and they pay me on sundays which is weird cause there are no banks open sunday. Everyone says this is very strange what do you think?

2007-06-12 15:19:29 · 5 answers · asked by Anonymous in United States

Unless I am mistaken, before federal income withholding was created, everyone paid their taxes for the previous year by tax day. Then when the atrocity of withholding was enacted, all of a sudden taxes are due upon receipt of paycheck and not on tax day. I can kind of understand how withholding makes things easier for both taxpayer and IRS, but why not give the taxpayer the option to pay the old way, all at once?

I have two main concerns with this. By never having posession of the money, the taxpayer is less aware of the amount than if they had to write a check every pay period.

Secondly, before withholding, the taxpayer could set aside and invest the money and then pay at the end of the year. The longer the taxpayer has the money, the more they could make. But withholding is in essence an instant interest free loan to the govt.

The govt knows that the taxpayer is being exploited because it doesn't allow the individual to opt out of withholding if they wanted to.

2007-06-12 15:00:22 · 4 answers · asked by Spaghetti Cat 5 in United States

2007-06-12 14:45:06 · 2 answers · asked by Anonymous in United States

2007-06-12 14:17:28 · 1 answers · asked by christian g 2 in Other - Taxes

2007-06-12 14:12:26 · 1 answers · asked by Michael J 1 in United States

how do i go about paying my taxes? can i pay weekly or monthly? is it expensive . what taxes do i have to pay? just state and city?i live in california if that helps.

2007-06-12 14:08:37 · 2 answers · asked by im whats up! 3 in United States

2007-06-12 13:48:03 · 1 answers · asked by Larry B 1 in United States

2007-06-12 13:47:48 · 2 answers · asked by curious_person 2 in United States

Personally, I think on of the biggest scams going is that the government gets my money from withholding immediately even though it's not due until tax day. So basically, it's an interest free loan to Uncle Sam so some bloated beaurocrat can spend my money ASAP.

Here's my question. Is there any way I can set up my paycheck to eliminate withholding so I can invest the money over the year and pay all my income taxes in April? Also, I do not qualify for withholding exemption as per my W4 form. Thanks

2007-06-12 12:30:08 · 6 answers · asked by Spaghetti Cat 5 in United States

software? IS there just MN and Federal taxes coming out if this? Any websites or links that may help me? What al needs to come out? FUTA? SUTA? OASDI? ST TAX? FED TAX? SS?

2007-06-12 11:54:39 · 7 answers · asked by noyb 2 in United States

I normally live in London but frequently visit Leicester as my family is there.Now i`ve got a permanent job there,but would like to keep on temping in London as well in order to keep my flat and the good friends i have been able to make.What would the DWP think of my hapharzad tax returns and NI contributions?

2007-06-12 11:51:47 · 6 answers · asked by Clueless 1 in United Kingdom

2007-06-12 11:37:18 · 7 answers · asked by skipskap2002 1 in United States

2007-06-12 11:23:01 · 2 answers · asked by angel_rat_83 1 in Other - Taxes