Taxes - June 2007

If yes, how?

2007-06-05 13:18:27 · 7 answers · asked by Anonymous in United States

I just spoke with H&R Block who always does our taxes cause we got a thing in the mail saying that we owed some money because our child tax credit is wrong from 2005???? I was told by the lady at H&R Block that alot of people are getting things like this from the IRS right now so I was wondering how many other people have got these cause the lady at H&R Block said they were booked up for a while cause of this.

2007-06-05 12:23:26 · 4 answers · asked by Anonymous in United States

I am thinking of selling my second residence in California. I originally put $60,000 down and owe $140,000. It is now worth approx. $400,000.

I realize I have to pay capital gains, and understand the way around it.

My question is, do I have to pay capital gains on the whole $400,000 (or sale price) or just on the profit once I pay off the $140,000?

Thanks

2007-06-05 12:06:04 · 6 answers · asked by clam 1 in United States

I use the email feature specifically to check my work Outlook....can this feature which is an extra charge be written off on my taxes?

2007-06-05 11:27:21 · 6 answers · asked by Potato C 1 in United States

Yesterday I got a notice from the IRS, It said I made a mistake for 2005, and I still owe $800.00. I have 30 days to pay if I agree with this.

I fully intend to pay this ASAP, But will this be over then, or is there more to come?

Mail from the IRS makes me nervous.

Thanks

2007-06-05 11:14:36 · 5 answers · asked by Anonymous in United States

Need the formula to add the sales tax amount on invoices.

2007-06-05 10:54:28 · 7 answers · asked by raidergirlmissy75 2 in United States

When you work two part-time jobs, can you receive income taxes from both jobs?

2007-06-05 10:53:19 · 5 answers · asked by Anonymous in United States

2007-06-05 10:34:07 · 6 answers · asked by willian 1 in Other - Taxes

2007-06-05 09:56:29 · 10 answers · asked by marcia l 1 in Other - Taxes

We have a substantial amount of tax debt that is burying us financially...we are making payments but we also need a new car. There is a lien on our home so we are unable to get either a consolidation loan or a loan for the car...we both work and so having two cars is non-negotiable. Does anyone know if it's worth if to file an OIC on our own...or should we hire a tax attorney?

2007-06-05 09:46:43 · 5 answers · asked by Javacat 2 in United States

I am non-US citizen and worked almost 6 years in the US on an H1 visa but did not accumulate enough social security points to be eligible for any social security benefits. Does the US - like other countries - pay back contributions in such cases?

2007-06-05 09:35:28 · 5 answers · asked by ibrahim_husseini 1 in United States

I am in the process of starting up an LLC for a web-based business. I need to know what state I should form it in. I am a US citizen currently living in NY, and I hope to be able to operate the LLC in either Delaware or Nevada. But my LLC will only have 1 member which will be me. Now I read that a single member LLC is ignored. Here is the statement, "Generally, when an, LLC has only one member, the fact that it is an LLC is ignored or “disregarded” for the purpose of filing a federal tax return. Treasury Regulations Section 301.7701-1,-2,-3" "If you prefer to file as a corporation instead of as a “disregarded entity” Form 8832 must be submitted." http://www.irs.gov/pub/irs-pdf/p3402.pdf

Is this true, and if so would it be best for me to start an S corporation instead.

Also i'm not to clear about Registered agent. Could someone help me shed some light on this, also could someone recommend a good Registered agent. Thanks!

2007-06-05 08:45:16 · 3 answers · asked by Glovez 2 in United States

2007-06-05 08:45:09 · 5 answers · asked by rAy 1 in United States

2007-06-05 08:43:20 · 2 answers · asked by buellx1gpracer 1 in Other - Taxes

Hi does anyone know of a site I can download a template and fill out a payroll check stub. I prefer one I can just key in the numbers by computer and not by hand..not an actual check..just a stub that shows taxes withheld and etc.... I am paying someone working on my home and really need one of these!Thanks!!!!

2007-06-05 07:01:03 · 4 answers · asked by Anonymous in United States

I am about to own my first house in a month or so and I'm paying $156,000 for it. Do I get any extra money in my tax returns for owning a house?

2007-06-05 06:54:55 · 10 answers · asked by Anonymous in United States

1. Bought 500 shares of XYZ on May 1
2. Bought 500 more shares of XYZ on May 4
3. Bought 500 more of XYZ on May 5

At each interval, the stock price was lower. Should the stock price on XYZ plummet on May 6, and I were to sell the entire position (1500 shares) on that same day, would wash sales rules apply? How could I avoid?

2007-06-05 06:53:00 · 2 answers · asked by Magic 2 in United States

2007-06-05 06:25:14 · 6 answers · asked by marcia l 1 in Other - Taxes

I'm 17 and I just got a job with McDonald's, and I've heard about tax returns, and I was wondering how I can pay more taxes and let the government keep my tax return. Is this possible? I want to pay more taxes that the government can actually keep. Thanks

2007-06-05 05:53:22 · 8 answers · asked by Pearl Jam 2 in United States

In addition, what are our VAT responsibilities for these goods to be resold in the UK and throughout Europe.

2007-06-05 05:10:43 · 1 answers · asked by Ronald C 1 in United Kingdom

Recently I am finding that HMRC are seeking to class any company they can as associated for Tax purposes, even when it is blatantly obvious to all concerned that the company has not been set up as a vehicle to avoid tax. Many companies fall foul of what I consider to be poorly drafted legislation in this area.

2007-06-05 05:09:17 · 3 answers · asked by mm1234543212000 1 in United Kingdom

I would like for someone to tell me where I could go to get help to pay my own taxes. I also would like to know is it to late to make the payments, because I don't want to wait to the end of the year. Someone please help me!!!

2007-06-05 05:04:08 · 10 answers · asked by bigshaheem 1 in United States

2007-06-05 05:03:29 · 5 answers · asked by Anonymous in United States

2007-06-05 04:45:11 · 22 answers · asked by John B 3 in United States

2007-06-05 04:08:21 · 3 answers · asked by Anonymous in Other - Taxes

he just came back from iraq and wants to buy a car in washington state, but im sure he is a california resident, can he get a tax exemption because hes buying in a different state?

2007-06-05 04:03:26 · 4 answers · asked by inked girl 4 in United States

3 years ago I paid off a repo for a lesser amount and yesterday recieved a letter stating my 2005 income tax was wrong because i didn't account for a canceled debt of $4,000 from Wells Fargo. I'm pretty sure this is not a scam letter.

2007-06-05 03:02:28 · 4 answers · asked by Anonymous in United States

2007-06-05 01:48:49 · 1 answers · asked by JOHN C 1 in Other - Taxes

I did some day trading last year and when I downloaded my Gains Keeper, its saying I have a captial gains of 35K. I know I didn't make 35K last year in tading stock!!! So I'm thinking they are trying to tax me on the stock that I bought and am holding on to. I'm not sure. Any information would be helpful. Thanks.

2007-06-05 00:50:12 · 6 answers · asked by G mon 2 in United States

2007-06-05 00:28:38 · 2 answers · asked by justme 1 in United States