Taxes - July 2007

Have a voucher to send your child to a private school for a semester or two, paid for by the government?

It would really be your money anyway,not really the government's, because you would be skipping your tax refund


I would

2007-07-24 09:06:50 · 6 answers · asked by tinabadina 3 in Other - Taxes

2007-07-24 09:06:30 · 3 answers · asked by jpchan_otaku 1 in United States

And to what extent cant the accountant be a consultant?

What problems could not being a CPA cause?

Thanks.

2007-07-24 08:36:07 · 3 answers · asked by btownridgerunner 2 in United States

please anwser soon and say if you think taxes are stupid too.

2007-07-24 08:33:08 · 16 answers · asked by Samantha 2 in Other - Taxes

If you want to pursue a masters degree and you are working at the same time can you deduct the cost of tuition, books, fees , etc etc off of your taxes? A seperate but related question: If your child is pursuing their first bachelors degree and going to college as a traditional freshman (straight out of high school) , and you are helping them pay for tuition, books, fees, room and board, can you deduct these cost off of your taxes?

2007-07-24 08:21:05 · 4 answers · asked by Jeff Mad. 2 in United States

My friend recently married and her hubby owes the
IRS for an overpayment they just found from 2002. Is it possible for her to file taxes in Jan 2008 seperate from him and claim their kids so that they don't seize the entire tax return and if so, how?

2007-07-24 08:01:14 · 3 answers · asked by Me! 2 in United States

I'm 21 y/o and I never filed taxes before. The reason being is because people have told me it wasn't neccessary since I'm a student. I've worked plenty of jobs from the age of 16 up unitl now. Every job I've had I always filed exempted except for probably one job. I decided I was going to file my taxes this year since I have a child thats due in Sept. and I can claim her. Right now I'm working on an internship that pays pretty good and I had a job earlier this year with a Mortgage company but they're closed down for business, which means at the end of the year I will only recieve 2 income tax returns. If I file this year, do you think I will owe the IRS any money from the previous years and if so how much?? I don't want to claim my child then have the govr'n take away my whole refund.

One more thing....Am I eliglible for a refund if I filed exempt with my internship?? I didn't file exempt with the Mortgage company but I was only there for about 2 months total.

2007-07-24 07:50:33 · 10 answers · asked by brittany_mo2000 2 in United States

If it's real I won a lot of money well worth the 867.00 it would cost to get the check.

2007-07-24 07:38:35 · 10 answers · asked by Anonymous in United Kingdom

i live in texas and the taxes on this land have not been paid for over 7 yrs but the tax office says it has to get to a certain $ before they auction it off. well someone told us that we could pay the owed taxes and keep paying them for five yrs and take pictures of the land before and after we cleaned it up then put a fence around it saying no trespassing and leave it like this for 5 yrs while we continue to pay the taxes and then go to a land attorney or whatever they are called and file something and the land will become ours if the owner still never shows up is this true has anyone of yall ever done this??

2007-07-24 03:29:35 · 3 answers · asked by stt143 2 in United States

okay in 2005 i was trying to let my vehicle go back because i was bed bound from surgery and couldn't work so the car company said they would nock off a certain percentage and if we could sell it for that much than it wouldn't be repossesed so we sold it that same day for 14000 they said they would send up paper work but they never did but i didn't think anything of it until now cause i'm being audited because of this. they are saying i ow taxes on the debt cancelation of 7000.00 dollars. well i have no clue how to fix this or if i can. do i really ow this money cause this is not my money so how can i owe money on money i never recieved. this doesn't make sense to me. can someone please help. what do i do cause i have no paper work from the car people do i need any. please help!!!!

2007-07-24 03:19:05 · 5 answers · asked by stt143 2 in United States

ok i live in georgia. I should be earning 5.50 and hour what is my wage after taxes are taken out.

2007-07-24 03:06:10 · 1 answers · asked by Anonymous in United States

couple of days ago, i received mail from uk national lottery that i have won 600,000 GBP.

2007-07-24 02:18:19 · 11 answers · asked by alangara g 2 in United Kingdom

I work full time, no kids, no mortgage, no school, no car payment, etc... I dont know what else exempts you from paying taxes. I heard the lower the number the more taxes they take out, but you will get more on your return.

2007-07-24 02:06:08 · 8 answers · asked by raheel312 1 in United States

Darling hubby and I live in Michigan. We are trying to figure out the most beneficial way to file our taxes so that we get the maximum return. Also we would like to start withholding less from our paycheck. Hubby has the health insurance & dental as well as our 401K deducted from his pay. I have none of the above. He actually makes less per hour but gets overtime and I only put in 38.5hrs/wk because my employer does not want to pay for health insurance. I also have a second job that doesn't exceed the 1000.00/yr limit. What is the best way to set up our withholdings so we get the maximum amt in our paycheck without jeapordizing our return? And what is the best way to file... married/jointly (for state) or just married (for state)?
Thanks!! :o)

2007-07-24 01:14:23 · 1 answers · asked by tammysusewitz 1 in United States

Our pet sitter sent us an invoice for in-home pet sitting. My husband doesn't think that it's a taxable service. Is he correct?

2007-07-24 01:05:38 · 3 answers · asked by A. M. H 2 in United States

What is the accounting treatment for cessation of a liability? Will the amount on a/c. of cessation of liability be regarded as income?
What will be the tax treatment?
Please answer all the above queries.

2007-07-24 00:55:12 · 1 answers · asked by happy 2 in India

Hi there

I am taking over a Limited company from my Mum and Dad. It was set up a couple of months ago only.

I want to avoid paying huge accountants fees for what I understand is a straight forward process of change. Would anyone be able to confirm that or shed light on the below:

1) Inform Companies House?
2) Inform HMRC?
3) I was also told that Share Ownership has to be transferred. Is this easy to do myself? If so how? Help!!
4) As my mum/dad didn't take any money from the business - this would not affect their tax position would it?
5) Can I leave my dad as company secretary? This won't have any tax implications would it as he is retired, and would just be a secretary in name only - nothing else/no involvement!


Is there anything else I need to consider?
Help!!

2007-07-24 00:45:37 · 3 answers · asked by Happy S 1 in United Kingdom

now the owner asking for additional amount as service tax for services provided earlier as they left out service tax in calculation

2007-07-24 00:36:17 · 3 answers · asked by Anonymous in United States

Do they take out a certain percentage like state tax? If so how much? I'm trying to figure out how much my take home pay will be. I also know that it depends on how many exemptions you claim.

2007-07-24 00:10:09 · 3 answers · asked by Gail 2 in United States

it is a tax company

2007-07-23 23:30:21 · 3 answers · asked by chaitanya b 1 in United States

2007-07-23 20:38:04 · 3 answers · asked by Anonymous in United States

to add more detail to this question, i live in texas and my father and i lived on the same piece of land which i inherited when he passed away. the will is still in probate and the executor of the estate and two other people involved have been horrible.this has been going on since 2002 and these people have literally done every they could to destroy my life and go against everything that my father wanted and we worked so hard planning for.i live in a small town and every lawyer i have hired does good at first and then,its just like talking to them.even the judge that signed my fathers will has said that what they have done is cruel and inhumane.and i dont know where to go for help now.every one says thats for the courts to decide.how corrupt is the town of kirbyville tx. i cant get help.

2007-07-23 19:23:11 · 2 answers · asked by Deborah W 1 in United States

2007-07-23 17:46:56 · 3 answers · asked by psychologygal1986 1 in United States

CAN'T REMEMBER THE NAME OF THE TAX COMMERCIAL

2007-07-23 17:04:14 · 4 answers · asked by michael hunter 1 in United States

I took care of and mailed in my renters credit around the first week of May, about when should I expect the check?

I live in Minnesota.

2007-07-23 16:34:50 · 2 answers · asked by pumpkin2 1 in United States

Someone told me that I could file my taxes anytime I wanted to as long as I was getting money back. The government always takes my refund, so I didn't bother doing my taxes; however, I have recently decided I want to go back to school, and I need my tax info. How would I get the tax forms to fill out if I still can? Any help would be appreciated.

2007-07-23 15:33:51 · 6 answers · asked by phantomknightlad 2 in United States

2007-07-23 14:25:44 · 7 answers · asked by Anonymous in United States

2007-07-23 13:29:14 · 3 answers · asked by robertherricksr 1 in United Kingdom

I will be inheriting $11,000 from my grandparents' estate in the near future. The money is revenue from stocks, and will be evenly distributed 4 ways. Taxes have already been taken out, and the money has been put in to a bank account in the name of the estate. Can I receive the full $11,000 without it being taxed again, or should I take some of it this year and the rest next year?

2007-07-23 13:07:12 · 5 answers · asked by lj1 7 in United States

lets say you enter an assignable contract on a home at 100 k, assign it to someone at 200 k, and the difference is cut back to you at closing, do you have to pay tax on that $100,000 profit? if so, what kind of tax is it called and how much as a dollar amount and what is the typical percentage? use the example above to explain if possible.
thanks a lot

2007-07-23 13:00:12 · 3 answers · asked by curious girl19 1 in United States