Taxes - June 2007

I'm tenant in common with family member and will sell property after her death. I keep getting conflicting anwers about capital gains taxes.

2007-06-02 10:15:46 · 6 answers · asked by Anonymous in United States

If I live in NH which does not have a sales tax and buy an auto in MA which does have a sales tax do I pay MA sales tax or would there be no sales tax due to the fact the car would be registered in NH?

2007-06-02 10:02:05 · 7 answers · asked by Anonymous in United States

2007-06-02 09:58:28 · 4 answers · asked by SARA 1 in United States

i want to buy a car, but i don't know if i want new or used. if i get either one, what's the procedure in getting tax deduction for new or used? how much would you usually get back or what form should i use for it? please someone help me.

2007-06-02 07:47:04 · 6 answers · asked by Anonymous in United States

or anywhere

2007-06-02 06:13:45 · 3 answers · asked by Anonymous in United States

IRA and a Roth....which are invested in mutual funds. Do I have to claim my gains (Interest,Divedens,est,est est) when I file my taxes every year or is it taxed as a whole at distrabution time?

2007-06-02 01:16:48 · 8 answers · asked by buds812 1 in United States

I was wondering when can I file for rental rebates for the year of 2006

2007-06-02 01:11:43 · 2 answers · asked by free2speak44 2 in Other - Taxes

The business is a web design business bases in Michigan, if helps.

2007-06-02 01:04:01 · 6 answers · asked by bdcanuck 2 in United States

I worked for an Attorney for 2 yrs, left him in February. He did not pay the previous secretarys taxes so she turned him in. She worked 10 yrs. He just got his license pulled. He was paying me 1/2 check & 1/2 cash (scum bag!) but I payed my taxes w/ H & R block. Am I in the clear? or will they come after me?

2007-06-02 00:17:33 · 4 answers · asked by pinky 1 in United States

then why am i getting taxed everytime i turn around? I mean there is a fourty percent death tax(money you inherate) cant spell that... any way. you get taxed when your paid, taxed when you purchase, and taxed annualy on property. and if you change state some of them make you pay property taxes on your car again in the same year... i hate it. if the goverment would stop greasing so many pockets(other countries included) we wouldnt need these taxes!!!

2007-06-01 23:10:56 · 4 answers · asked by Anonymous in United States

2007-06-01 21:44:39 · 3 answers · asked by Anonymous in United States

I no longer qualify as a dependent so I ended up paying more than I should have.

2007-06-01 20:38:17 · 3 answers · asked by scca0831 2 in United States

2007-06-01 20:35:32 · 4 answers · asked by yahoo?? 1 in United States

2007-06-01 20:28:33 · 4 answers · asked by Maymie 3 in United States

I am a International student in the USA. I am going to School as a full time graduate student. Last year I paid more than $14000 as school tuition. That money was sent to me by my parents overseas. I am not employed in the United States.
Can I file for a tax refund? Because somebody told me that I can apply for a tax refund on the money I paid for education. If yes how will I do that ?

2007-06-01 20:16:36 · 4 answers · asked by Anonymous in United States

If I get married on June 22nd, can my parents still claim me as a depenant for the year? or do we file as married?

2007-06-01 18:34:33 · 6 answers · asked by Mrs.AlwaysRight 1 in United States

I have worked at my job in NYC for two years. The first year I owed $900 in income tax. I then requested to have my filing status changed to single-0. Our bookkeeper told me he did it and I accepted his word. Then this year, surprise… surprise, I owed $4,000. After some inquires, I found out that my bookkeeper was not withholding federal or state tax from my commission checks. So, to sum up: I was filled at single-1, I had a very low salary and therefore had a low tax bracket. I was paying taxes for that tax bracket. He never took federal or state tax from my commission checks, which put me in a much higher tax bracket…. Therefore I owed a huge amount of money. I tried to get him to change 1) my filing status and 2) add tax on my commission. He got defensive and started yelling. Nothing was changed. Eventually I went to my boss and asked him to speak with the bookkeeper. My request was ignored. Nothing changed. I kept pushing… talking to the bookkeeper, payroll and my bosses. I was to

2007-06-01 17:20:49 · 4 answers · asked by Cherie 1 in United States

2007-06-01 15:42:06 · 4 answers · asked by Cherie 1 in United States

My grandma won a $12,500 (ARV) travel voucher and wants to sell it because she needs the money more than she needs to see the world. I know that the tax rate is based on fair market value (FMV) rather than approximate retail value (ARV), so if she used it, I believe it would be based on the amount she used. If she sells it though, would she only pay taxes on how much money she got for it, or on the full amount of the voucher? Please only post if you can provide an educated guess. Thanks in advance!

2007-06-01 15:12:45 · 6 answers · asked by Susie 2 in United States

Do I have to claim my gains on my taxes?

2007-06-01 15:08:16 · 5 answers · asked by buds812 1 in United States

I am a full time physical therapist and I also work per diem hours at a seperate facility in NYS. How much can I make tax free at the per diem job before I start being taxed and how much tax can I expect to be taken?

2007-06-01 13:56:27 · 3 answers · asked by hezzrozz4 1 in United States

I'm planning on buying real estate in Las Vegas and alot of people who lived or has lived in Las Vegas said they are TAX FRREE or have low taxes? What does that mean?

2007-06-01 13:52:02 · 6 answers · asked by Paul N 2 in United States

2007-06-01 13:35:17 · 8 answers · asked by BlfW 1 in United States

Does anyone know if I can have refunds from previous years direct deposited into my account automatically? if so what website can I access this feature.

Thanks in advance

2007-06-01 12:56:01 · 5 answers · asked by kcksmom 2 in United States

2007-06-01 12:52:26 · 2 answers · asked by TurkishAmerican 2 in United States

Taxes are withheld in anticipation of taxes owed. If I have overpaid my taxes for last year by lets say 2000.00 why do i have to claim that as income this year?
In reality they are just returning what is mine from last years income. If i made 50,000 and paid 12000 in taxes and am due a 2000 refund i have no underreported my income for the year i have merely overpaid my taxes. I am only getting back what was already mine.

Put another way, if My tax liability is 10,000 and I pay 10000 then i owe nothing and they owe me nothing. At the end of the year I have taken home 40000.
On the other hand if i paid in 12000 then they owe me 2000 and I am merely getting back my 2000 in overpaid taxes and essentially still only taking home my original 40,000

2007-06-01 11:32:01 · 5 answers · asked by winetaster6 2 in United States

I would like to understand how national insurance contributions are calculated. My P60 states the following :
NIC table letter - D (what does this D mean)
Earnings at LEL - 2912
Earnings above the lel upto and including Earnings Threshold - 448
Earnings above earnings threshold, upto and including the UEL- 18580.

2007-06-01 10:57:26 · 4 answers · asked by Anonymous in United Kingdom

I have a full time job. I want to do some commercial voice-over work on weekends. The weekend work will not be for an employer, but it will still generate income. How can I keep this extra income from putting me into a higher tax bracket? (I've already maxed out my 401k)

2007-06-01 10:53:58 · 9 answers · asked by Paradox 3 in United States

I am fortunate that I have a Company pension on which I pay tax I don'y like it but accept it as a fact of life

I have paid into the goverment by law for over 45 years why should I be taxed it seems like Peter robbing to pay Paul

2007-06-01 10:34:43 · 8 answers · asked by Scouse 7 in United Kingdom

Mr X is a Sales representative(self employed). He drove 26000 miles for business in 2006. His commute is 1200 for the year and personal miles were 3000 for 2006. How much is deductible on schedule C. So how do I report that on the IRS form?
Likewise his Auto expense was $500. Can he deduct that in Schedule C.

2007-06-01 10:23:04 · 1 answers · asked by uncivilized_scholar 2 in United States