Taxes - June 2007

Im trying to file my finanial aid for college and they requested that I send them my mother 1040. The only problem is my mothers a damn slacker and I cant get her to do anything so I was wondering if it was possible for me to do it myself. I think I have to call her tax preparer wich is Jackson Hewitt but then what information will I need.

2007-06-11 09:17:21 · 9 answers · asked by Anonymous in United States

I am in Mississippi and need to figure how much I would get paid after taxes are deducted off of my paycheck and if age would have anythng to do with it (16) being the age.

2007-06-11 08:49:13 · 4 answers · asked by Anonymous in United States

2007-06-11 08:38:49 · 3 answers · asked by Anonymous in Other - Taxes

Please note the point that I have duel citizenship, retired after a long service with the State of WA, which has no state taxes. Still having my savings in the US banks on which I am paying taxes on its interest. The State is deducting federal taxes on my monthly checks, and I have been submitting my annual taxes on April 15 like every American even as I am not living in the US any more. Do I have the right not to pay taxes on these items as long as I am not living in the US, could I be exempt, and if could this be retroactivly? Again please note that I have duel citizenship would this be a reason not to be taxed on my retirement income. Please let me know where I stand from the IRS, what to do and where to start. Hate to bug you but I just wanted to lump all facts in this format once and for all. Thank you. bb.

2007-06-11 07:46:07 · 3 answers · asked by Bill B 1 in United States

Need to find out if alabama tax exemption status for businesses ever expire?

2007-06-11 06:56:09 · 3 answers · asked by James Buckeye 1 in United States

I am facing an "escaped assessment." My property has been underassessed and I will probably have to pay the proper amount going back 4 years. My question is will I get credit on that amolunt for the taxes that I did pay?

2007-06-11 06:23:19 · 3 answers · asked by charlotte q 2 in United States

2007-06-11 06:01:51 · 13 answers · asked by blah blah 5 in United States

2007-06-11 05:42:08 · 3 answers · asked by John B 1 in United States

I think I overpaid on my state taxes. Should I expect a refund of what I overpaid? Will I have to ask for it? Or is there no hope?

2007-06-11 05:22:54 · 8 answers · asked by Anonymous in United States

I live in Tx, not sure if it would be different in other states.

2007-06-11 05:12:32 · 3 answers · asked by Anonymous in United States

amount from my apartment. Is this deductible? I have nothing but office stuff in my study and never really even go into the room unless I am doing work for my company.

If this is deductible what all should I do for documentation?
* Take a picture of the room?
* Print out documentation of my VPN Broadband account information.
* Floor plans of the apartment to prove the size of the room?
* Do I need to get copies of all my electric bills and DSL charges?

Thanks.

2007-06-11 04:58:56 · 8 answers · asked by Eric 2 in United States

Review it, push a pencil on your own situation, and support it if you can see the advantages. If I got the employers share of Social Security and Medicare added to my paycheck I would get about a 7% immediate raise in take home pay with at least an $800 rebate.above the 23% sales tax.

2007-06-11 04:05:46 · 5 answers · asked by Anonymous in Other - Taxes

Hello,

I was just wondering whether the following scenario is true:

I have a stock that I had planned to hold for a long time (definitely over a year). I bought it 10 days ago and as of today, the value of my purchase has dropped $1000.

I still plan to hold the stock, but my question is this: should I sell the stock and buy it back at the same price seconds later? My reasoning is that I will be able to declare the $1000 loss on my taxes for this year (short term), and when I finally sell the stock (hopefully for a profit) the amount that I regain will be taxed at the long term rate (as well as in a later year).

Is this correct?

Thanks!!

2007-06-11 03:47:35 · 5 answers · asked by chiggitychaunce2 2 in United States

2007-06-11 03:36:32 · 4 answers · asked by sheryl_stahl 1 in Other - Taxes

I opened an account years ago and don't remember if I ever entered my SSN. Doing business on Ebay now and not sure if the payments coming in through Paypal would be reported to the IRS.

2007-06-11 03:29:33 · 7 answers · asked by Cabletoys 1 in United States

2007-06-11 02:37:37 · 2 answers · asked by true f 1 in United Kingdom

2007-06-11 01:36:42 · 5 answers · asked by helen j 1 in United States

2007-06-11 00:59:44 · 7 answers · asked by christina 1 in United States

I am moving to USA and I wonder how much value should I put down to the my used home cinema, it's not selling for 1/4 it's value. I understand US customs dont tax if you are moving home but how do I prove the length of ownership as I have lost the reciepts three years ago

2007-06-10 20:45:40 · 1 answers · asked by sanmate 1 in United States

Cuz if the US has more money NASA can be better and we can invest more for the country and War in Iraq

2007-06-10 19:17:24 · 7 answers · asked by Anonymous in United States

Wouldn't the US governemnt then have more money therefore making the US GDP 50 Trillion per year?

2007-06-10 19:15:48 · 8 answers · asked by Anonymous in United States

2007-06-10 18:46:04 · 7 answers · asked by hugh b 2 in United States

2007-06-10 18:29:04 · 4 answers · asked by DeWayne 1 in Other - Taxes

2007-06-10 18:16:13 · 9 answers · asked by xo_preciouscharm 2 in United States

If I was paid under the table (childcare) in 2002, but now I feel bad about it and would like to pay those taxes, how do I go about doing that? will there likely be fines? and any thoughts on if this will cause problems for the family who paid me under the table.

2007-06-10 17:51:07 · 5 answers · asked by cedar 3 in United States

My mom doesn't have any income in the states, just overseas she yearly sales some property and pays the tax over there and she uses the money overe here in california, we learned that even though she doesn't have income she has to file for tax, it's been 2 years we are leaving in california, when should we file for her? the sooner the better, is it too late now? or there is a specific time.cause for her citizenship we want everything to be correct.

2007-06-10 17:25:41 · 2 answers · asked by NANA 2 in United States

What percentage should I have taken out of salary (paid by weekly) to avoid having to pay taxes in at the end of the year

2007-06-10 16:07:42 · 4 answers · asked by tmh 2 in United States

For example, if I have $500,000 US dollars and deposit it in an interest bearing account earning 5.0% per year, by the end of the year the interest paid into the account would be ~$25,000. If you were to take that 25K out every year, how much would you have to pay in taxes, if any? Is it based on the same tax brackets as income? Thanks for the clarification.

2007-06-10 16:07:02 · 9 answers · asked by amdollar 3 in United States

Ok. Im not a dealer but in CA you can sell 3 cars a year without having to have a lisence. So Im wondering, how do I claim the profit I make off of these cars, as income?

2007-06-10 14:57:24 · 4 answers · asked by Natalie W 2 in United States

This essay got me thinking.

http://www.helium.com/tm/147727/seldom-question-brought-those

But I have got to admit the dude who wrote it sounds like a real blowhard.

2007-06-10 14:54:51 · 3 answers · asked by Dog 4 in United States