Taxes - June 2007

2007-06-11 20:56:22 · 4 answers · asked by rece 2 in United States

I Live in Los Angeles if that has anything to do with answering my question.

2007-06-11 18:41:00 · 5 answers · asked by Anonymous in United States

He had $2000 in meals and entertainment. Likewise he paid $1400 in health insurance. Where will he file these expenses. Under which form?

So is Code section 179 a form or a regulation?


Is calculation of mileage and calculation of depreciation on a vehicle the same?

He bought a ford tauras on jan 1st, 2006. He had $500 in repair, He drove 26000, mile for business and had a commute of 1200 miles and also drove 3000 miles for personal use. So where should this be reported? So If I calculate mileage under standard mileage rate, how should it be depreciated?


I would appreciate every answers.

2007-06-11 17:25:41 · 2 answers · asked by uncivilized_scholar 2 in United States

I need to put my business online, and obviously I cannot use my real name as a business name. I will have to file a DBA. I am a statutory employee (Financial Advisor), so I get to write off my business expenses on my personal income tax.

My question is: If I file a DBA, does this mean that I would automatically have to fill out a Schedule C with 0 income on it, because all I need the DBA for is to establish my presence on the web.

Thank you

2007-06-11 16:38:27 · 5 answers · asked by gcl915 2 in United States

2007-06-11 16:33:42 · 5 answers · asked by beachcomber_06 3 in United States

2007-06-11 16:11:53 · 2 answers · asked by Mocha_latta_ice 4 in United States

I am worried about penalties.
What is the best way to file for both?
I had two jobs in 2005 and one job in 2006.
I didn't file in 2005 cause my part time dropped my return drastically.
Is there a way to combined the two for one sum return?
I tried to file for 2006 on Turbo Tax online and encountered a problem that I don't understand. IRS asked me for a 2005 adjusted gross income and that box is empty on my 2006 w-2s.
Employee can not help me.
thank you in advance for all answers.

2007-06-11 16:10:20 · 7 answers · asked by Anonymous in United States

According to some legal experts, Income Tax is an illegal forced collection of money from the populous. Is this true? What, if any, is the proof?

2007-06-11 15:50:38 · 6 answers · asked by Brenda C 1 in Other - Taxes

Is it a good field to get into? What are the pros and cons of being a appraiser?

2007-06-11 15:41:12 · 2 answers · asked by Michael H 1 in United States

2007-06-11 15:26:40 · 1 answers · asked by ropman1 4 in United States

2007-06-11 15:13:15 · 6 answers · asked by taytay 1 in United States

2007-06-11 15:11:27 · 8 answers · asked by Bowler741 1 in Other - Taxes

A family I may work for withholds taxes from their babysitters. How is this done? Is their anyone federally or locally I can call or check with that can verify that these taxes are being received and not hoarded by the family? What is the time frame requirements for the family to send in my taxes? As tax time approaches will I receive a W-? form or a 1099 form? Will this form come from the govt or the family?

2007-06-11 14:22:07 · 4 answers · asked by Stacy B 2 in United States

My father passed away a few years ago. Since then, I've been paying for my mother's mortgage and property tax. My mom's yearly income is less than the sum of her property related payments.

To obtain a tax credit for the interest on the mortgage and property tax, should I refinance and add my self to the loan? Or can I just do a quick claim deed? I'm looking for the simplest and more affordable method.

2007-06-11 14:06:53 · 3 answers · asked by cardobenavid 1 in United States

Do you pay both states or just one out of your pay check?

2007-06-11 13:28:20 · 3 answers · asked by Anonymous in United States

I ordered computer hardware from USA copmpany. It cost 3000$. How much VAT, costoms duty and any others charges I will need to pay before I can say in public: "That's mine. I bought it and paid for everything" and resell it.

2007-06-11 13:27:58 · 5 answers · asked by Anonymous in United Kingdom

I make 10.50 an hour I work 40 hrs a wk I claim 3 dependents and I file a single marital status. And how much would or should come out if I changed my marital status to Head of household

2007-06-11 12:32:39 · 5 answers · asked by veronica.crawford 1 in United States

If so, how?

2007-06-11 12:12:53 · 3 answers · asked by Edmund888 2 in United States

2007-06-11 11:59:44 · 3 answers · asked by Edmund888 2 in United States

2007-06-11 10:58:38 · 4 answers · asked by justgoingforadeathdrive 1 in United States

I just got a new job and i am confused as what to claim for the year so i decided to claim 0 and hold out at a higher single rate so we will get more back at the end of the yaer, we file married and joint is this the best move to make? i also am a full time student as well and was told i could also claim exempt, but that means we would get nothing back and we need a lump sum we are expecting a child . any input would be good i am really confused?

2007-06-11 10:52:16 · 4 answers · asked by ftbragg_armywife 1 in United States

or do they freeload off ours?

2007-06-11 10:39:40 · 6 answers · asked by Alexa V. 1 in Other - Taxes

2007-06-11 10:26:22 · 5 answers · asked by ingrid 1 in United States

If you donate to a charity do you get the money back when you write it off or is that subtracted from your earned income? Please help!!

2007-06-11 10:16:59 · 4 answers · asked by Anonymous in United States

2007-06-11 10:07:05 · 1 answers · asked by bigb21a 1 in United States

Here is the actual question I was asked:

What will be the cost of business taxes, property taxes, school taxes, workers compensation, disability, unemployment taxes, federal taxes, state taxes, social security and Medicare taxes?

I have a hypothetical s-corp based in Minnesota for a school project.

Does anyone know the approximate percentages of these taxes so I can apply them to the net revenue in by budget? I have forecasted 3million in gross revenue.

Also, I was unable to find the exact amount of the Minnesota corporation franchise tax. If you have that, please let me know.

I do not need EXACT percetages, but I would like to be close.

Thank you in advance for any help.

2007-06-11 10:00:21 · 3 answers · asked by Colique 2 in United States

Were can I find help with tax law on the internet? I have a few things I want to find some answers to.

2007-06-11 09:42:32 · 3 answers · asked by mrjts 4 in United States

2007-06-11 09:24:28 · 6 answers · asked by Anonymous in United States

I am 16 years old, will start a job soon at Target and I was wondering if I will start of with getting paid 7.50 per hour, can they take taxes out of my paycheck? If so, how much.

2007-06-11 09:23:51 · 6 answers · asked by Krzysztof F 2 in United States

I know someone that is on parole on drug related issues and they have an IRS audit that they just received from their taxes last year. They claimed someone elses children and gave that person money when the check came in. Now they do not have any proof of supported these childred financially. What will happen???

2007-06-11 09:21:04 · 10 answers · asked by Mily1 2 in United States