Taxes - June 2007

Looking to move out of Texas, here there are no city or state tax's. Just would like to know what stats have city and or state tax's

2007-06-25 13:07:31 · 3 answers · asked by aysilver232002 1 in United States

my mom gets retirement for around $610 a month. For 2 years we didn't even know that we had to file the retirement on her taxes. Now because of this, my mom has gotten charged $1300 for not paying it, then maybe a few months or more later she has gotten charged $1400. Is this suppose to be interest and penalties.

Also the $1300 came from one state and the $1400 came from another state.

My questions are, why are the payments so high and why are they coming from 2 different states.

Also what are the tax payments on the retirement suppose to be.

If you can't answer the questions, is there a way i can email the IRS about this. My mom tried calling them but she said she wasn't going to wait 30minutes or more for them to finally pick up and answer.

2007-06-25 12:53:46 · 5 answers · asked by Sherman81 6 in United States

I am a stay-at-home parent. I started a freelance business and expect to earn a total of $7000 by the end of the year. I file jointly with my husband every year. He is paying enough through withholding to cover my tax expenses. So, do I have to pay estimated taxes on what I earn? Or since I file jointly with my husband are my taxes already covered?

2007-06-25 12:17:48 · 5 answers · asked by JA 1 in United States

2007-06-25 12:10:34 · 10 answers · asked by rrlsims 1 in United Kingdom

My parents are having a hard time with this doctor and his assistant refuses to give us an active Tax ID to give to their Insurance. Is it illegal to hide your Tax ID? Thank you so much.

2007-06-25 12:09:30 · 3 answers · asked by Anonymous in United States

How do I assign it to my spouse and avoid probate

2007-06-25 11:48:01 · 1 answers · asked by ninan 1 in United States

2007-06-25 10:49:15 · 3 answers · asked by Anonymous in United States

If you have elect to not pay all the interest on a credit card and are given a settment offer with the difference being over $600, does that count as income? Does it then have a negative effect on next years tax returns??

2007-06-25 10:20:12 · 5 answers · asked by giseler250 1 in United States

2007-06-25 10:16:09 · 5 answers · asked by Carla & John R 1 in United States

I know that I would have to pay taxes on any capital gains that are made by trading stocks in a Trad IRA, but was wondering how long a loss would carry over. For instance, would I be able to protect 10K of gains made this year from the tax man with 10K of losses that happened a few years ago? Are the gains/losses from trading in a traditional IRA a cummulative thing that works out once the IRA is withdrawn from?

2007-06-25 10:01:55 · 3 answers · asked by DoggyDogg 1 in United States

I need references as to where 35% of my money went last year.

2007-06-25 09:33:36 · 6 answers · asked by Anonymous in United States

She is not working due to an automotive accident and wont be filing taxes this year.

2007-06-25 09:21:13 · 8 answers · asked by ranz12 2 in United States

2007-06-25 08:52:47 · 1 answers · asked by Jonathon P 1 in United Kingdom

worked 87 hours a week

2007-06-25 08:51:13 · 1 answers · asked by hermina t 1 in United States

I was audit and he refuse to attend with me thats where i find out what he had did,i could not answer any of her questions pertaining to my part-time job he had listed.now he giving me the run around about responding to their request for payment.

2007-06-25 08:38:13 · 5 answers · asked by junebugs 1 in United States

I will be donating some items to salvation army soon. I itemize and I am not sure that if I donate $100 to the salvation army in worth of good, how much do I get back, how does it work? Do I actually get back the whole $100 or is it $100 times my tax bracket?

2007-06-25 08:08:46 · 7 answers · asked by proyo y 1 in United States

2007-06-25 07:53:49 · 4 answers · asked by lucian 1 in United Kingdom

I withdrew my whole amount from my Traditional IRA. A total of $11,500.00. How much should I put on the side from this amount for taxes purposes at the end of the year?

I also did the same thing on another Traditional IRA acct that i have for a total of $7500.00. How much should I put on the side from this amount for taxes purposes at the end of the year?

I know this was not the smartest thing to do but without going into detail it had to be done...thanks

2007-06-25 07:28:27 · 5 answers · asked by Anonymous in Other - Taxes

Has anyone else been contacted by folks from other countries claiming to have documents from late relatives claiming they have an investment left to them and even stating they would like to move to the uk?

2007-06-25 06:55:59 · 2 answers · asked by erfmuck 2 in United States

I have just paid my monthly bill as usual but I always think when I pay it, "I hope you choke on it". Does anyone else feel the same? Its not value for money, its a rip off!

2007-06-25 06:44:55 · 10 answers · asked by DJJD 6 in United Kingdom

Got married in May. Wife will make about $6,000 this year cuz she's in school. I make around $62k. Should I do claim 2 or 1 on my W4? what will be the difference in pay? I own a townhome, no kids, don't own my own business. shoot me an email or something if you need to?

2007-06-25 06:21:56 · 2 answers · asked by sportsstar4u 3 in United States

Or could you say that you didn't make any money in the stock market and so you don't have to pay any taxes?

2007-06-25 06:02:13 · 7 answers · asked by Anonymous in United States

2007-06-25 05:34:56 · 2 answers · asked by Anonymous in United States

My girlfriend and I are expecting a child in early January. Her insurance is far better than mine, but I make almost 3 times what she makes. So I think that I would benefit the most from claiming our child as a dependent on my taxes, however I would really like to keep our child on her insurance, like I sai it is better than mine. She gets medical, dental & vision for less than I pay for medical. Also our coverages, co-pays, etc. are the same. I don't even know if it is possible to have one parent claim them as a dependent and have another parent put them on their insurance. Any advice or suggestion would be greatly appreciated!!

2007-06-25 05:24:02 · 5 answers · asked by JP 1 in United States

What is the income limit (upper) for not reporting to the IRS? I've heard everything from $5,000 to $10,000. Please cite an IRS publication if you can. Thanks!

2007-06-25 05:06:01 · 6 answers · asked by miryam.geo 1 in United States

2007-06-25 04:49:42 · 4 answers · asked by Anonymous in Other - Taxes

When self employed and if you have a seperate business bank account for your business tansactions do you still need to submit your personal bank account details to the inland revenue aswell?

2007-06-25 03:14:11 · 4 answers · asked by fido_fuu 1 in United Kingdom

I need to get a tax id so I can levy their bank account - how do I do this without calling them directly?

2007-06-25 02:49:20 · 2 answers · asked by Anonymous in United States

I have to redo my W-4 because of a change in my marital status. When I complete the questions to get the number I should claim, it is very high. Obviously, having less taken out is a good thing, but my concern is in getting stuck at the end of the year with a heafy tax obligation. Thoughts?

2007-06-25 02:08:15 · 6 answers · asked by Ms. Gump 3 in United States

Do most CPA's "cook" the books as a part of their job , or do you need to find one through a friend that is "good" like that ?

2007-06-24 23:10:11 · 2 answers · asked by Anonymous in United States