Taxes - July 2007

I just got a notification in the mail that my state tax forms were filed incorrectly. If I agree to the money due, I owe Illinois an additional $821.36 (which includes late payment and interest). But if I disagree, attach my W-2 as proof and send it in. However, I don't know if I'm right or wrong...

My W-2 form has $739.34 in box 17, called State Income Tax. Does that mean I owe them that money or are they wrong in making that change?

I don't understand taxes very well...there's gotta be a better system then this.

Thanks for your answers!

2007-07-23 12:37:36 · 10 answers · asked by bubbadoy 1 in United States

Last week I quit my job, and im wondering if I have to go to the store and get my paycheck or if it is mailed to me?

2007-07-23 12:09:46 · 8 answers · asked by Anonymous in United States

My husband is still employed and not receiving SS yet. Our combined income will be about $30K, and we live in Georgia. Will we have to pay taxes on our total income or just on his earned income?

2007-07-23 11:47:07 · 5 answers · asked by Anonymous in United States

which is financially better - to receive either 1099 income or salary income and benefits, .

2007-07-23 10:12:21 · 2 answers · asked by jakeyboy 1 in Other - Taxes

I was wondering if the year to date amount continues to add on from my first stub through my most recent pay check stub, or does the amount shown start over every new year (January 1)?
EX: If I have worked at a company for four years, will my year to date amount show what I have made throughout the four years? Or will it show what I have made from January 2007 to most recent?

2007-07-23 09:44:42 · 5 answers · asked by maxine j 1 in United States

from a tax perspective can I carry forward both short and long ? and is it $3,000 year ?

2007-07-23 09:39:34 · 4 answers · asked by sig21792 2 in United States

I have a car that is paid off. I know a family that is in desparate need of a car. The car has a value of around 8k. The family could not afford to make payments. If I give them the car, can I use the gift as a tax write off?

2007-07-23 09:24:28 · 10 answers · asked by phoward777 1 in United States

This is basically a math problem.

If I am living in Dallas, Texas, and I am bringing in a
$910.00 paycheck

how much will I actually be bringing in after Taxes
(Please incorporate everything...FICA/Med, Federal, Social Security, etc)

I am looking for an amount with your work shown (Percentages, deductions)


Please, I need a true final amount.
Thank you all!

2007-07-23 08:57:20 · 6 answers · asked by Anonymous in Other - Taxes

This is basically a math problem.

If I am living in Dallas, Texas, and I am bringing in a
$910.00 paycheck

how much will I actually be bringing in after Taxes
(Please incorporate everything...FICA/Med, Federal, Social Security, etc)

I am looking for an amount with your work shown (Percentages, deductions)


Please, I need a true final amount.
Thank you all!

2007-07-23 08:57:07 · 5 answers · asked by Anonymous in United States

If a person is only receiving child support and alimony can they file taxes?

2007-07-23 08:41:04 · 7 answers · asked by Tony B 1 in United States

Ok, here is the scenario...single up until November of this year..Does a person file with their new spouse or does he file with ex-spouse?

2007-07-23 08:40:08 · 5 answers · asked by aulona37 3 in United States

If I receive a wire transfer of $200K from an offshore bank to my bank in Texas, how much taxes do I need pay? I got some different answers, one said 35% and some said 10% to the IRS. It wasnt clear to me.

Thanks!

2007-07-23 08:36:16 · 6 answers · asked by Magnix2k 3 in United States

Lets say i bought one and sold one made $75 after comisions -$14=61 now if i do this everyday how does it affect my taxes?

2007-07-23 08:17:58 · 10 answers · asked by tj 1 in United States

I was in the process of moving in January 07' and I never received my tax forms for my previous job. I was a "self-epmloyee" so no taxes were taking out of my checks throughout the year.. I started my job in early 06' and I probably made around $10,000 for the year. What should I do? What are the penalties for not filing on time and how much am I looking at paying? Please help me soon because I know I need to get this taking care of as soon as possible!

2007-07-23 07:29:16 · 9 answers · asked by dukefan826 1 in United States

I filed my taxes and I after I recieved my money I got a letter in the mail through the company I filed with (which was turbo tax) saying they need more info on me. But I went to the website and tryed contacting them but no response. Do you think I will go tao jail bc i never subbmited more info?? I didnt cheat on the taxes or anything. I put all my correct info so does anyone know what is going on? It didn't say what I need to submit just I needed to give more info and go to the website but then I went and it didnt say anything??

2007-07-23 07:29:01 · 7 answers · asked by ♥M♥ 4 in United States

I had a "freind" whos sister did my taxes for me this year. I have been asking for months if she can give me a copy of my information. I need that info if i ever get audited. Any ideas...Help please

2007-07-23 07:18:57 · 5 answers · asked by sara f 1 in Other - Taxes

I will start living with my fiance starting in August. Can he claim me as a dependent if I am 21 years old and a full time student while he is working full time? Can he put this on his W4 for this tax year even though he is now independent from his parents starting this summer?

We haven't lived together previously, so just wondering if this can be done now for the current tax year.

2007-07-23 07:03:07 · 5 answers · asked by Mee 5 in United States

when is the Minnesota rent credit sent out?

Thanks.

2007-07-23 06:53:18 · 2 answers · asked by Barb W 2 in United States

thanks to all that helps

2007-07-23 06:44:52 · 6 answers · asked by Black Beauty™ 4 in United States

(Not the maximum, the standard) =D

2007-07-23 05:33:39 · 12 answers · asked by childlikeempress 4 in United Kingdom

Is it possible for a professional in the U. S. to recive money as a gift from family members without attracting taxes? Is there a non-taxable limit? If so, what is that amount? What is the tax rate on exceeding that limit?

I would appreciate genuine, simple answers from people who know, not just links, though I'm willing to read the sites as well..

2007-07-23 05:29:49 · 6 answers · asked by gita n 2 in United States

2007-07-23 04:08:20 · 9 answers · asked by jr55122 1 in United States

2007-07-23 04:03:59 · 2 answers · asked by Anthony C 1 in United Kingdom

I have a job offer that could bring me that. It's a reduction from what I am making now (reduced by about 50,000/year). However, I can spend more time with my family.

Any comments?

2007-07-23 03:36:54 · 9 answers · asked by Growth 2 in United States

2007-07-23 01:58:30 · 6 answers · asked by Emerald Jones 5 in United States

Where or how can i calcalate my taxes. I have very low property taxes now, can I keep them the same if i move.

2007-07-23 01:26:02 · 5 answers · asked by d r 1 in United States

I make approx. 20,000/yr. Would it be better for me to enroll in my co. Flex dependant care account ( I would not be taxed on about $2,080) or take the child tax credit ( I have one child) on my returns?

2007-07-23 01:22:15 · 5 answers · asked by onetruthing48 3 in United States

What is the largest number of tax allowances I can claim on my paycheck? I frequently change my number of allowances on my pay check throughout the year if I have an emergency and need some extra cash quick, I usually change it to 10, but what is the largest number I can put? I live in Michigan, if that is of any use. Thanks for the help.....

2007-07-23 01:16:20 · 2 answers · asked by megmb3 2 in United States

Can you also please give me the website or link where I can find this infomation

2007-07-23 00:46:31 · 6 answers · asked by Azul 3 in United Kingdom

The IRS has taken money from my bank account is there any way to stop this?

2007-07-23 00:25:15 · 6 answers · asked by Thomas H 1 in United States