Taxes - June 2007

I bought a home and made a higher offer with a big credit on closing costs to be paid by the seller. A loan officer told me the points may still be deductible as the credit amount on the closing docs do not show what they are paying for.

2007-06-03 13:14:00 · 5 answers · asked by Anonymous in United States

2007-06-03 11:33:00 · 5 answers · asked by Anonymous in United States

I make $500.00 a week, my wife ,$400.00 a week ($900 a week). 35% goes for taxes, fed, state , med, ss and all the other taxes for earning money. So I have 65% of spending money< WRONG. I buy ciggeretts or beer 100% tax = 25 bucks for cigs and 5 bucks a 12 pk of beer. I buy gas to go to work to pay taxes 100%, I don"t have a write off. I buy anything 7% Sales tax right off the top. I own a house 10% of what I make. For my car plates here is another 1.5%. My phone bill, look at yours it is like 20%. In my house loan I have paid more for property taxes than I origanaly paid for my house. Taxes should not have no write off s. for the rich man, his life shouldn't be excemt. Out to eat $500.00 milage $500.00, Intertament $5000,00 , being rich and having a tax exsempt life you live Pricless. They will soon tax a fart. Mine is a fart They are able to right off a Fart theirs a queff.They will make money by eating beans.

2007-06-03 11:31:57 · 10 answers · asked by rick 6 in United States

I make $500.00 a week, my wife ,$400.00 a week ($900 a week). 35% goes for taxes, fed, state , med, ss and all the other taxes for earning money. So I have 65% of spending money< WRONG. I buy ciggeretts or beer 100% tax = 25 bucks for cigs and 5 bucks a 12 pk of beer. I buy gas to go to work to pay taxes 100%, I don"t have a write off. I buy anything 7% Sales tax right off the top. I own a house 10% of what I make. For my car plates here is another 1.5%. My phone bill, look at yours it is like 20%. In my house loan I have paid more for property taxes than I origanaly paid for my house. Taxes should not have no write off s. for the rich man, his life shouldn't be excemt. Out to eat $500.00 milage $500.00, Intertament $5000,00 , being rich and having a tax exsempt life you live Pricless. They will soon tax a fart. Mine is a fart They are able to right off a Fart theirs a queff.They will make money by eating beans.

2007-06-03 11:31:45 · 7 answers · asked by rick 6 in United States

How much money is taken from your paycheck in taxes? I know it's different in different states and depends on what you put on your tax forms for allowances, but I'm trying to figure out what my take home pay will be for a job that pays 10 an hour, working 20 hours a week. Thanks.

2007-06-03 10:38:43 · 10 answers · asked by DW 1 in United States

If All inheritance was taxed at the same rates as salaries and wages, the average working person would only need to pay about half what they pay now (for the government to have the same revenue) Some say it isn't fair. I've heard all the arguement. "its double taxation". Well so is sales tax, import tax and property tax. The simple way to avoid paying it: spend it wile your alive, and give people who actually work for a living a break.

2007-06-03 10:34:16 · 4 answers · asked by wisemancumth 5 in United States

I watched a documentary that said that there is no acutal law that enforces us to pay taxes? is this true?

2007-06-03 10:03:02 · 5 answers · asked by lildude3216 2 in United States

2007-06-03 10:02:59 · 9 answers · asked by Anonymous in United Kingdom

national education association
american riffle association
national broadcasting corporation
national audobon society

2007-06-03 09:25:13 · 2 answers · asked by =] 2 in United States

a family member died and i want to find out what they owed the irs for back taxes. there's a lien on their car.

2007-06-03 09:14:34 · 3 answers · asked by neurotica222 2 in United States

Hi, so thanks to a big misunderstanding on my (ex) fathers part my 2005 taxes were not filed. Being a dependent then he screwed alot up. So I filled out a 2005 1040 EZ and NYS tax return.. Now im wondering the 1040 says i owe $305.... Does anyone have any idea how much I might end up paying after filing and late fees. I called the IRS and the lady said she is not allowed to answer that. I heard there is some formula...Thanks for any idea.

2007-06-03 09:13:40 · 2 answers · asked by tjourdain@verizon.net 1 in United States

My parents gave a gift of stock in 1995. In 2005 I sold it and closed the brokerage account. I was under the impression that the cost basis was the market value at the time of the gift. The stock depreciated slightly from 1995 to 2005 so I didn't report capital gains to the IRS. I got a notice from IRS the other day saying that I owe taxes based on the cost basis that the brokerage reported. (based on the original purchase by my parents in 1989)

2007-06-03 08:00:18 · 9 answers · asked by Glen 1 in United States

Is that an amount, or a weight?

2007-06-03 07:09:02 · 7 answers · asked by lotrfan 4 in United States

If I and a partner own a home with a tenant-in-common (tic) agreement and we both live there for two years, and then I buy his share of the deed at the end of these two years, can I turn around and sell the whole house without paying any capital gains tax?

2007-06-03 06:28:26 · 5 answers · asked by alan p 1 in United States

I know margin interest is only deductible up to the amount of net invesment income I've received. Does that mean if I have $10k in short term capital gains and $10k in short term capital losses for a given year--IOW, no overall net gain--that I can't deduct margin interest? Thanks in advance.

2007-06-03 06:01:12 · 2 answers · asked by LongArm 3 in United States

An american company is opening a branch in Panama and wants me to run it for them there. I am not US citizen nor Panama citizen. Since the company is based in the US, do I pay US taxes, Panama taxes or my country's taxes?

2007-06-03 05:10:49 · 6 answers · asked by nani 1 in Other - Taxes

2007-06-03 04:35:37 · 3 answers · asked by Anonymous in United States

2007-06-03 04:33:55 · 4 answers · asked by nosillenhoj 4 in United States

2007-06-03 01:47:10 · 4 answers · asked by Anonymous in United States

2007-06-03 01:39:48 · 2 answers · asked by latovat 3 in United States

My friend has had a letter from the tax credits saying they want proof of her childcare costs, the thing is her baby doesn't go to childcare and hasn't for over a year and she rung the tax credits and told them this. But it seems they have been paying her for it still, in addition her P60 wages is about 6 grand more than what she advised them because her husband left her in the May so she had to go full time at work in order to be able to pay the bills, but she never told the tax credits (although they had taken into account her husbands wages which were no longer coming into the house) her husband didn't end up coming back until Christmas (because he missed the kids the pig)

So now she is panicking that they are going to send her to prison

Do you think if she offered to pay whatever she owes them back in a lump sum (she said she will get a loan if she has to) then the tax credits won['t send her to prison, as she is very very worried and hasn't been able to sleep :0(

2007-06-02 22:27:50 · 25 answers · asked by Cindy 2 in United Kingdom

I wanted to know, for on every paystub, we could see that we pay the SS, Fed, State, ect. Do companies pay them every pay cycle or is it end of month, or end of year..? Can they keep the money first until certain of time then submit it to SS, Fed, State, ect ? Thank you.,.,.

2007-06-02 18:02:50 · 7 answers · asked by rey s 1 in United States

2007-06-02 16:57:05 · 6 answers · asked by Monica R 2 in Other - Taxes

Clothes,food,books,movies?

2007-06-02 14:39:22 · 2 answers · asked by MerryHappyGirl 4 in United Kingdom

I use to be a Small World cast member back in January, and it's been 6 months already and basically I quit without telling scheduling, I just stopped showing up to my shifts --- does anyone know, out of experience, how much this will dramatically affect my chances of being a re-hire?

2007-06-02 14:22:57 · 2 answers · asked by Danejah Zone 1 in United States

My dad left me an inheritence ib Belgium, It is in a fund in my name at a big bank there. My question is what is the best way to bring it over here? Do I pay taxes in Belguim and US? It is less than a million doallars but the entire estate was more than a million. Bank tells me to leave it there and travel over and take small amounts but that doesn't sound right to me. Every finacial advsior I meet with just wants to sell me funds. I want to buy a house and earn interest on the remainder. Is there a certain type of tax lawyer that would specialize in this

2007-06-02 13:50:17 · 2 answers · asked by basketballfan 1 in United States

I have a king size mattress set, 32" tv and chaise sofa that I do not want to move cross country. Can I have Goodwill pick it up and write it off? IF so how do I determine the value?

2007-06-02 13:44:13 · 9 answers · asked by basketballfan 1 in Other - Taxes

2007-06-02 12:35:48 · 7 answers · asked by Anonymous in United States

What happens if you do or don't.

2007-06-02 11:25:40 · 4 answers · asked by G mon 2 in United States

I claimed 0 . and I have $110 health insurance plan by my employer and I live in Texas? I make exactly 400 a week...

I HATE MATH,. PLEASE HELP

2007-06-02 11:04:32 · 4 answers · asked by sarahi77009@sbcglobal.net 2 in United States