Taxes - June 2007

Get $1,000,000?

2007-06-04 04:47:39 · 18 answers · asked by The Tito 1 in United States

The whole story is this. I have a Pentium II 500Mhz laptop with 128 MB Ram that I have been using for the past two years to limp through my classes. I am thinking of purchasing a new computer but would like to know if it is tax deductible. The degree I am taking courses is completely online so the computer a computer is needed to complete the degree.

Thanks

2007-06-04 04:45:26 · 7 answers · asked by blackeyedpeabrain 1 in United States

pensioned off due to ill health, work part time now 16 hours

2007-06-04 04:34:18 · 4 answers · asked by bedlay 1 in United Kingdom

Sorry, I'm not American and I don't know the difference... thanks for helping

2007-06-04 04:28:44 · 4 answers · asked by nic 2 in United States

2007-06-04 04:15:56 · 17 answers · asked by topgun0265 1 in United States

2007-06-04 04:10:25 · 1 answers · asked by marrian v 1 in United States

We are deducting the TDS from all types of payment. But we not remitted to the governemtn.

2007-06-04 03:59:28 · 1 answers · asked by peddirk 1 in India

in may 07 and it is 8 month bank cd ending in jan 08. Also, my interest will be left in the bank to be compunded. When it is tax season comes up for me. Do I file for 7 months for the year 07. Or do I have to pay this cd in taxes in 08 since the cd finishes in jan 08.

THANKS!!!!!!!!!!!!!!!

2007-06-04 03:45:06 · 5 answers · asked by David W 2 in United States

I already got a refund from Federal, didn't get one from state until late then the amount wasn't the same one as my copy of the return. She said she refiled it because of some residency issue but never told me about it and still hasn't given me a copy of the refiled return. Now federal is messed up as well and now we may have to give back half our refund. She is not being very communicative about it and is slow about giving us copies. We still have not received hard copies. What do we do now? We can't afford to take legal action.

2007-06-04 03:43:08 · 1 answers · asked by hcnorton 1 in United States

Total cost is 200,000. We are thinking of a sale price of 1.2 million. Live in Massachusetts. Husband is Sch C self-employed builder. We might buy land and build our next house so can we deduct the materials on the next house in this year too, giving a net loss?

2007-06-04 03:33:41 · 7 answers · asked by guybee99 1 in United States

If I made $2200 tutoring, would I need to file with the IRS or is that amount small enough where I wouldn't have to?

2007-06-04 03:12:57 · 3 answers · asked by matt 1 in United States

i am going for further studies and taking off form my current job. I have applied to refund my PF that i have deposited from last 4 years of my Job. Do i have to pay Tax on it?
How much tax do i have to pay??
Is their any way to reduce the payment

2007-06-04 02:49:50 · 4 answers · asked by gaurav_dt 1 in India

2007-06-04 02:38:47 · 2 answers · asked by Pauline L 1 in United States

Anybody have a similar situation? Know how to figure out how much back pay and monthly you will receive? Husband was making around 60,000 a year supporting myself and four children. A year ago he had an accident and had to have hip replacement. The surgery did not fix problem and he had to have another one to replace entire hip now. hes been out fo work for over a year and can never go back to his former work. How much will we get? We recently filed after burning our savings and I am working now but not making near enough to support us all. is there a formula for finding out how much we can expect to be paid back disability and then monthly?

2007-06-04 02:31:30 · 4 answers · asked by Jenny T 4 in United States

Wouldnt the deduction cancel out most of what you would owe on your federal income from the 800k total, when you go to file for that year? Or is there a cap on that sort of thing?

2007-06-04 01:52:00 · 6 answers · asked by amosunknown 7 in United States

Is it true that you can not pay your inheritance tax out of your actual inheritance?
Heard it some where but not sure what is what, thanks.

2007-06-04 01:39:26 · 5 answers · asked by H1976 5 in United Kingdom

Hi can any onw tell me if they is a web-site that i can you to calculate my salary. i.e. i type what i earn a year. And then they calculate my deductions and final take home pay

2007-06-03 22:42:15 · 4 answers · asked by cobra 2 in United Kingdom

I am currently in the 22% income tax tax band but I am about to get a company car.
Could this change my tax band?

2007-06-03 22:09:32 · 5 answers · asked by wayne e 1 in United Kingdom

2007-06-03 20:55:36 · 5 answers · asked by Michael S 1 in United Kingdom

2007-06-03 20:25:22 · 3 answers · asked by sshashis 1 in United States

Mr X, a Insurance Agent (Self Employed)
-Earnings from Non employee compensation 85000.
-Drove for business 26000 miles, his commute was 1200 and personal miles were 3000 . (what is the code section)
-Actual auto expenses is 500. Where will this deduction go? and how
-Used Ford focus worth 20000, He bought it in 1st january. what is the depreciation. Where will it go?
-He has following assest bought on 1st of January.
a. Computer for 1000
b.Furnitur for 2000
-he also paid health insurance for 1400. where will it go?

Which forms will be used and how to calculate all the above items.

2007-06-03 18:22:12 · 4 answers · asked by Anonymous in United States

my employer was the one who made late filing to SSS.. Do I have the right to push them that it was their faults not mine .. are they obliged to pay me based on the days approved by my physician? is there a SSS law imposing for this negligence?

2007-06-03 17:40:25 · 1 answers · asked by hannah 1 in United States

any help please...where can I find 2000 year state tax info or State w-2 forms.. I need this info to complete some past crap.. HELP ME

2007-06-03 17:19:40 · 1 answers · asked by tina t 2 in United States

If I send my 2006 tax return in like september or october, can I get in any real trouble, or just get fines? What if all my income was self-employed, does that make it worse?

2007-06-03 17:17:17 · 8 answers · asked by martin h 6 in United States

I work as a PT sales associate and I am planning trip out of Canada...it will be for a month...I was thinking of taking a leave of absence but my employer told me that I will have to quit and that leave of absence basicaly entails quitting...I am confused...if leave of absence is quitting than why is it called leave of absence...what is a fine line that differentiates taking a leave of absence from plain old resignation?

2007-06-03 16:56:56 · 8 answers · asked by Nina 1 in United States

2007-06-03 16:30:10 · 7 answers · asked by Anonymous in United States

I'm a college student studying engineering with a fairly well paying job for my age (roughly 3k monthly salaried and 401K). I live with my parents and they declare me as a dependant.

Should I file a 1 or a 0 on the W-4? Which will get me more cash in the long run?

At what income level do I need to start declaring a '1' while still living with my parents? When I move out do I need to file a '1' regardless of income level?

2007-06-03 15:09:44 · 4 answers · asked by Anonymous in United States

I just became an independent contractor and need to know the first steps. I've read that I need to pay quarterly taxes but how?

I've already read www.irs.gov 12 times, I'm looking for additional information. Any tips?

2007-06-03 14:37:34 · 5 answers · asked by chattylc 3 in United States

2007-06-03 14:15:09 · 3 answers · asked by TJ815 4 in United States

I just got my ex's state tax refund ($360) because he owed $2200 in back child support. When can I expect the federal refund? Will the federal refund amount likely be enough to pay off what he owes?

2007-06-03 14:03:07 · 2 answers · asked by witticizm 2 in United States