Taxes - July 2007

How do you guy's feel about the governement controlling our medecine, or should I say the healthcare system. how can a country so big, give us citizens and residents so little in return.

2007-07-24 16:15:51 · 3 answers · asked by Anonymous in Other - Taxes

i have money saved in my bank account....i work off the books..legal work...i will open 2 bank account tommorw with about 4000 each...will the irs or govenrmet see this? doesi t look illegal...and more money will be put in later on..thanks

2007-07-24 16:13:06 · 8 answers · asked by Anonymous in United States

2007-07-24 15:49:49 · 2 answers · asked by LILY 1 in United States

household, with two dependent students, and a full-time college student.

2007-07-24 15:47:35 · 5 answers · asked by jordynorr 1 in United States

9/80 bi-weekly work shcedule:
(Eight 9-hours work days & One 8-hours work day in Two week period):

Normally, the 9/80 schedule should be like this:
------------M T W T F S S Total
Week 1: 9 9 9 9 8 0 0 44
Week 2: 9 9 9 9 0 0 0 36

Here is the situation, an Non-exempt employee worked 4 extra hours on Saturday at Week 1.... his work schedule is:
-----------M T W T F S S Total
Week 1: 9 9 9 9 8 4 0 48
Week 2: 9 9 9 9 0 0 0 36

How do you calculate his overtime hours?

2007-07-24 15:44:09 · 2 answers · asked by Anonymous in Other - Taxes

9/80 bi-weekly work shcedule:
(Eight 9-hours work days & One 8-hours work day in Two week period):

Normally, the 9/80 schedule should be like this:
Mon Tue Wed Thr Fri Sat Sun Total
Week 1: 9 9 9 9 8 0 0 44
Week 2: 9 9 9 9 0 0 0 36

Here is the situation, an Non-exempt employee worked 4 extra hours on Saturday at Week 1.... his work schedule is:
Mon Tue Wed Thr Fri Sat Sun Total
Week 1: 9 9 9 9 8 4 0 48
Week 2: 9 9 9 9 0 0 0 36

How do you calculate his overtime hours?

2007-07-24 15:37:38 · 2 answers · asked by Anonymous in United States

Pays also a mortgage 260k, married, one kid.

2007-07-24 15:32:41 · 3 answers · asked by FEDERICO S 1 in United States

how fof back in years can the I.R.S.go back to get back taxes

2007-07-24 14:56:04 · 9 answers · asked by Anonymous in United Kingdom

supposed to, and making sure that becoming a trillionaire is like reaching the speed of light,... it should be immposible the closer you get!

2007-07-24 14:39:11 · 5 answers · asked by Anonymous in Other - Taxes

do we really have to pay income taxes, well from this little youtube video it says we dont and also this:


"There is NO law that requires an average American to pay the income tax; The income tax is legal and constitutional BUT to whom does it apply to? Answer: Only those involved in foreign commerce or international trade! TruthAttack . org"

http://www.youtube.com/watch?v=RbvKi69Mv7s&eurl=http%3A%2F%2Fufotimetravel%2Ecom%2F

2007-07-24 14:28:37 · 12 answers · asked by alex z 2 in Other - Taxes

It has been 3 years since he died and she still hasn't distributred the money.This is her brother and my uncle.

2007-07-24 14:22:31 · 2 answers · asked by wildhorsesrunfree 2 in United States

I can easily earn double that in a year, and this is the only thing holding me back. My parents are having a hard time explaining it to me.. I doubt they understand why, themselves. I want to know why because, honestly, it's really pissing me off. If someone knows how all this works, it would be very much appreciated.

2007-07-24 13:41:32 · 5 answers · asked by Evs400 1 in United States

2007-07-24 13:29:44 · 8 answers · asked by artrenery 2 in United States

If that's the case what constitute research and development when it comes to taxes.

2007-07-24 13:23:13 · 1 answers · asked by eqvvs 1 in United States

2007-07-24 13:18:57 · 0 answers · asked by del rey 1 1 in United States

is there a required amount of time betwwn two shifts of work? also, is there a limmit on hours your aloud to work in one work day?

2007-07-24 12:31:45 · 4 answers · asked by Kayla S 1 in United States

How is community property treated differently in the nine common law states versus the rest of the states in the United States? What are some example?

2007-07-24 12:08:45 · 3 answers · asked by angel_rat_83 1 in United States

2007-07-24 11:48:33 · 6 answers · asked by Anonymous in Other - Taxes

2007-07-24 11:32:15 · 4 answers · asked by vreckle26 1 in United States

I currently pay $300 per month for health care and it is deducted on my paycheck. If health care became universal, would I still pay $300 for the coverage that I want and also pay more taxes to cover others?

Would I get a voucher for not wanting or using public healthcare?

2007-07-24 11:23:10 · 5 answers · asked by 6th Finger 2 in United States

2007-07-24 11:19:24 · 5 answers · asked by KB 1 in United States

I have heard that a person is not able to collect more than one pension from the government even if they have worked for two different agencies for the complete term in both.

2007-07-24 11:09:15 · 5 answers · asked by bowwowbiscuitboutique 2 in Other - Taxes

Property A&B, identical, across the street from each other.
Adam owns Property A, Bob owns Property B.

Adam and Bob (brothers) don't like the fact that they cannot deduct expenses (besides interest)from owning their own properties (like depreciation). As a result, Adam moves into Bob's house, Bob moves into Adam's.

Now, after depreciation, each brother is taking a loss from investment property and therefore pays less taxes. Nothing has changed in terms of expenses - all payments remain the same, but now they both have a small tax loss to offset their wage income.

Does this seem right? Is it legitimate? Why doesn't everyone do it? Other than depreciation recapture (they both plan on selling within 3 or moving back for 2 to take the 250k exclusion) what else am I missing?

2007-07-24 11:00:12 · 4 answers · asked by Scott T 1 in United States

You work, make good money, pay lots of taxes. The time comes for your kids to go to college. You pay again.
Others who don't work and get government help, don't pay taxes and their kids quilify for government help that pays for their college. Is something wrong here or I just don't get it?

2007-07-24 10:59:10 · 4 answers · asked by medved73_2000 2 in Other - Taxes

In 2004 he sold a home he bought about 20 years before. He lived in and out finally, in 2003 the renters moved out and he ended up paying the mortgage until he sold it. He has not filed in 2004. With some of that money he bought a duplex and in that same year 2005 he refinanced his condo. in 2006 he sold his condo and in 2007 he refinanced the duplex. He now lived in one of the duplex by the way. I am telling him he has to pay some money back to the IRS because he sold a rental home. He lost alot of money on 2004 due to the fact that no one was living in the home and he was paying two mortages. My question is ....Is he going to have to pay a big chunck on money? Does anyone recommend a website we can visit or a phone number we can call. I told him to do the 1099 but he needed to pay off the people he owed money. This guy has not filed since 2004......Please help.

2007-07-24 10:34:26 · 8 answers · asked by Sumerblue67 1 in United States

I just find it funny how our country, America, is run by the rich/wealthy and how most of the tax laws favor the poor or the rich. If you are rich and pay all of your federal income tax (the total amount; cap. Forgot what the personal cap is, sorry), you no longer are required to pay Federal Income Tax. If you are poor, there are loopholes where you can pay less tax. Also, if you are poor, you also receive help from the government and other special fundings! However, if you are in the Middle Class, the tax laws require you to pay very high Federal Income Tax and there are absolutely no loopholes, in which one can reduce the amount paid back to the government. Plus, the government is always concerned with the welfare of the poor and the rich, but never seems to care about the Middle Class. As of right now, the Middle Class is already in the process of being slowly eliminated once again, by tax laws and other laws and regulations.

What are you beliefs on this topic?

2007-07-24 10:27:22 · 5 answers · asked by βread⊆ℜumbs™ 5 in United States

2007-07-24 10:16:21 · 4 answers · asked by Anonymous in United Kingdom

My answer is: start over again from the very beginning. Do not create separate categories such as Captial Gains. Qualifying and Non-qualifying dividends. Interest is taxable, also Dividend income. Gain on sale of a house should have no limit. All those with incomes in excess of $200,000 taxable.

2007-07-24 09:37:00 · 3 answers · asked by Beautifulbabe in Bhm 1 in United States

2007-07-24 09:30:50 · 2 answers · asked by terickson81 1 in United States

I've just started doing some freelance work for a company and am not sure how much to save for my tax bill. I will probably earn around £1,500 a month before tax. This is my only job. I heard somewhere that I should save around 28%, does this sound about right? Better to be safer than have to fork out a wad at the end of the tax year!

2007-07-24 09:25:48 · 4 answers · asked by Dave 1 in United Kingdom