Taxes - July 2007

I want to invest in Securities but I don't want my earnings therefrom to affect my tax bracket.

2007-07-25 11:25:39 · 4 answers · asked by Anonymous in United States

I would like to know how would be best for me to file on my w4 form,since im having to pay taxes the last 3 years.
Im married and the last 3 years ihave been filling as married,but filling my taxes seperate,my accountant told me thats the reason i have to pay each year instead of getting some money back.
Right now i owe around $4000 in back taxes for the last 3 years,my accountant told me to file as single and file separate at the end of the year to get money back.
does anyone know if this is true or not?please help!

2007-07-25 10:52:09 · 4 answers · asked by joserlainez 1 in United States

2007-07-25 10:03:54 · 2 answers · asked by rio180 1 in United States

I live and work in tennessee. but my payroll comes from my agency in michigan. should I pay my taxes in michigan since we dont have income tax in TN but have a higher sales tax.

2007-07-25 09:35:58 · 4 answers · asked by a 4 in United States

2007-07-25 09:17:08 · 20 answers · asked by tletrice 1 in United States

One reason that the Federal Government collects income taxes as a person earns income is so that:
a - people do not realize exactly how much they are paying.
b - the money can be put aside until it is needed.
c - the government can pay bills as they come due.
d - taxpayers can qualify for refunds of excess taxes.

Thank you!

2007-07-25 09:06:27 · 4 answers · asked by Anonymous in Other - Taxes

If I work remotely for a company that is not located in my home state. Do I have to pay income tax for that state? I am a computer programmer.

Thanks

2007-07-25 09:03:45 · 8 answers · asked by Yonge 1 in United States

2007-07-25 08:04:40 · 7 answers · asked by ross 1 in United States

I am single and normally withhold 1 allowance. However, I have been having money problems this past month. I was wondering if for one paycheck, I can up my allowance from 1 to like 3 or 5. I did some calculations and this would give me an extra $100 on my paycheck. I would then switch it back to 1 for the rest of the year. Is this a wise choice or will it end up hurting me at the end of the year?

2007-07-25 07:14:25 · 10 answers · asked by Anonymous in United States

2007-07-25 06:59:40 · 7 answers · asked by Anonymous in United States

I am selling my second property which has been rented in the past but with the money i get from that sale i wanted to use to buy another house.Do i still have to pay 40% on that sale even though i would be buying another house with that money or is there any way that capital gains profit could be transferred to next house so i did not have to pay that 40% now

2007-07-25 06:54:57 · 4 answers · asked by sammyj 1 in United Kingdom

ok if you make about $8,000 a yr but your just starting out how much money is taken off for taxes and remember age fifteen no house no car

2007-07-25 06:14:34 · 2 answers · asked by decemberdog94 1 in United States

2007-07-25 05:48:41 · 1 answers · asked by Steve Yahoo 1 in United Kingdom

be due so I took them at their word now the IRS is litterally knocking on my door. What can I do?

2007-07-25 05:38:24 · 3 answers · asked by angiebllngr 1 in United States

to pay taxes now I owe like over 25,000 $ what can I do. I mean I will make payments but will it just keep going up until I get it paid???

2007-07-25 05:17:48 · 3 answers · asked by angiebllngr 1 in United States

I have been working for a physcian for a few years now. In 2007 I had a child....I want to claim him child on my tax forms...but my employer has never had any of their employees fill new ones out on a year to year basis? is this required? and does a new form have to be filled out in order for me to claim my child for 07' taxes?

2007-07-25 04:45:50 · 3 answers · asked by Marie 2 in Other - Taxes

What constitutes rich? I see people say "rich people should pay more taxes" but I wonder who determines "rich." Can the definition of "rich" be adjusted? If the "rich" are being taxed, who's to say that they won't adjust the definition of rich to encompass other income levels? What prevents you from being judged "rich" compared to some other person and taxed an exceedingly large rate? And who supports a family on minimum wage anyways? I worked from minimum wage (as a teenager) and in less than a year I was making $10 an hour, and now I make $50k with only an associates degree. So do I qualify as "rich?" Is it $40k, $30k, who decides? What's to stop it from encompassing me one day? Or you?

2007-07-25 04:36:22 · 2 answers · asked by Anonymous in United States

Do I need to file CA state tax - here is my situation:
- I took some Early IRA distribution
- I was out of USA for the whole year, so not stayed in CA for that year.
- Have filed Federal taxes.
- Prior to that I was living in CA and now back to CA
- I'm US permanent resident

CA tax instructions say that you may have to file CA taxes even if you have not stayed in CA for that year if there is an income from CA source. Does the IRA distribution will be considered income from CA source?

2007-07-25 04:32:04 · 4 answers · asked by divyasm 2 in United States

Sample case; A wife earns about $35,000 a year the husband earns about $20,000.The husband pays all expenses at home and supports his wife.They each have children from a previous marriage.They are adults and do not live at home.The wife spends her income on other real estate,travel and her children.When the income is combined at incometaxtime the husband gets no rebates of any kind and pays more income tax.The wife,s income is mainly incometax free.

2007-07-25 04:26:56 · 2 answers · asked by Don Verto 7 in Canada

I don't know if this is what I should do or not. I owe the taxes (over $50,000.00) and I have tried to work with them to set up payments but they won't more than I can afford monthly and they are about to levy my bank accounts and wages I'm affraid. Please give me any info you can, and also I would like to hear from some that have done this before. Thank you.

2007-07-25 04:04:10 · 6 answers · asked by Jen Jen 2 in United States

2007-07-25 03:29:30 · 8 answers · asked by bdschmauss 1 in United States

Should I staple my 1040 (and supplemental forms) together? Should I staple my W2 to the front (or back)? Any information (or link to get information) would be appreciated.

2007-07-25 02:22:53 · 5 answers · asked by Christopher B 2 in United States

2007-07-25 01:44:20 · 8 answers · asked by firebird 1 in United States

My only source of income is from renting my house. The yearly rent is less than 1,10000. Do i need to file a return and show 0 tax or I need not file tax.?

2007-07-24 22:07:12 · 4 answers · asked by SKC 1 in India

2007-07-24 20:36:39 · 2 answers · asked by ashraf m 1 in Other - Taxes

Do I need to file CA state tax - here is my situation:
- I took some Early IRA distribution
- I was out of USA for the whole year, so not stayed in CA for that year.
- Have filed Federal taxes.
- Prior to that I was living in CA and now back to CA
- I'm US permanent resident

2007-07-24 20:28:14 · 2 answers · asked by divyasm 2 in United States

2007-07-24 19:50:14 · 13 answers · asked by Rachel. 2 in Other - Taxes

Salaried persone with annual income of Rs.3.40 lacs. Interest paid on Housing Loan - Rs.0.20 lacs. No income from house property since it is still incomplete and the area is not yet fully developed/congenial. I am submitting my I.T. Return on ITR-2. Since I am filing it on my own, Am I supposed to fill only two pages since other 4 pages are required to be filled only by TRPs. Please guide me immediately?

2007-07-24 19:45:09 · 3 answers · asked by salil k 1 in India

2007-07-24 18:33:33 · 5 answers · asked by Gio 1 in Other - Taxes

My dad has a basic individual plan for verizon wireless. i was wondering if he can add an additional line for i can use. or would he have to sign up for a family plan. if he can just add the line regularly how much would it cost.

2007-07-24 17:14:51 · 6 answers · asked by Anonymous in Other - Taxes