Taxes - July 2007

I am living in Pennsylvania and working in Manhattan. On this April, I made a mistake to file my PA state tax. In order to get the credit back from NY state that I already paid through my paychecks, I checked the PA state tax form's item 23 (Other Credit). Now the PA IRS asked me to submit an OC form for that item. Then I found that the right item I should check is item 22 ( Resident Credit) and attach a GS scheduling form. Now I don't how to fix this error. Is it ok for me to just submit a corrected PA state tax form with the GS form? thanks very much

2007-07-21 09:50:03 · 2 answers · asked by Anonymous in United States

Jane miller has a house assessed at 45,000 (45 percent of it sale value ) Her tax rate is 4.20 per $100 of AV. Tome Gale has a house assessed at 55,000(50 percent of sale value) His rate tax rate is 35.25 mills . Who pays the greater tax?

2007-07-21 09:29:28 · 1 answers · asked by sharon s 1 in Other - Taxes

Even if you have no physical access to income

2007-07-21 08:59:25 · 8 answers · asked by jarynth4 1 in United States

If you filed as head of household on your taxes but you are married and your spouse was claimed by his father and you have to amend your taxes. What does the outcome look like? Please respond seriously.

2007-07-21 08:29:45 · 5 answers · asked by Anonymous in United States

What are the typical deductions?

2007-07-21 06:55:12 · 4 answers · asked by Annie 2 in United States

i can honestly say that i dont know anyone that watches puplic access tv so why does the government make us pay for it

2007-07-21 06:41:27 · 10 answers · asked by im feelin this 3 in United States

2007-07-21 06:20:22 · 4 answers · asked by reddirt09 1 in United Kingdom

i had a tax refund in 2004/2005 and the official recievers took it. what i want to know is can they take the tax refund i have been awarded for 2005/2006. we were told we were going to get this refund now the tax said they have to offer it to official recievers. even though we never put in the tax for that year until we were discharged ..... can they do this???

2007-07-21 05:55:48 · 2 answers · asked by Anonymous in United Kingdom

the local authority as the house was in poor repair. If my brother and I sell the house now and give back some of the proceeds to our mother, will we be liable to pay CGT on the whole market value of the property or just the amount we keep after seeing our mother financial ok. None of us can afford to maintain the house. Our mother is 75, I am on a small ill health retirement pension and my brother is in the low income bracket.

2007-07-21 05:39:00 · 3 answers · asked by Anonymous in United Kingdom

2007-07-21 04:56:55 · 11 answers · asked by georgetta d 1 in United States

Purchasing a tiny neighborhood market that sells beer & lottery as well. It'll be a sole proprietorship under my name. Me and my wife will be the only ones working(no employees). I don't know which one to use.

I am in Los angeles if that matters.

2007-07-21 04:40:03 · 3 answers · asked by Anonymous in United States

As an example your current taxex are 4000 and you move to a 1 million dollar home - is there any way that property taxes can be retained at the lower value?

2007-07-21 04:11:37 · 3 answers · asked by pdelcamen 2 in United States

i am OLIVE P.UBALDE the owner of email here i lived in the philippines of the mindanao,age-19 and female.

2007-07-21 03:13:51 · 7 answers · asked by Olive U 1 in United Kingdom

If me and my fiance get marrried before the end of the year can we claim as a married couple on our taxes? If so how much, if anything,would we expect extra on our income tax return for the 2007 tax year?

2007-07-21 02:00:03 · 2 answers · asked by watershed_22 1 in United States

i just filed chapter 7 bankruptcy and i had a garnishment coming out of my paycheck. the lawyer said the garnishment would stop, and it did, but they didn't take my taxes out either. the strange thing is that on my check stub, it shows they took out taxes and how much, but i made my gross pay plus $1.84 more, so what gives? is this right? should i worry about it? my gross pay was $626 (before taxes) and some change and i got payed $628 and some change. is there something in it for the company if they do this? can my employer make me pay it back if it's their fault?

2007-07-21 01:27:43 · 3 answers · asked by lovkp36 1 in United States

If so how

2007-07-20 20:55:27 · 3 answers · asked by Anonymous in United States

Provision for bad debts has been created at 50% of the outstanding debtors by debiting the Bad Debt A/c ( expense) and crediting Provsion for bad debt a/c. (liablilty) during 2006-07.
Is the above expense of Bad-debt allowable as a deduction from Business Income , while computing Income for Income tax purposes.
I await a prompt answer. thanks..........

2007-07-20 20:35:14 · 4 answers · asked by happy 2 in India

My sister & brother-in-law owes around $36,000 to the IRS from their own business in which they've been making small payments. The IRS is getting impatient & wanting the entire balance. They sent them a series of certified letters saying they will put a lien on their property unless they pay the entire amount in 30 days. Is this possible? & if it is, is there anything they can do to keep this from happening (aside from coming up with the whole $36,000)?

2007-07-20 18:49:41 · 9 answers · asked by melljw777 2 in United States

I know it is for the government but I don't remember signing any piece of paper saying I owe them money.

2007-07-20 18:16:43 · 7 answers · asked by thetimbosley 3 in United States

here is my situation. my parents own a house and the mortgage is under their names. they have VERY low income so every year at tax time i itemize the mortgage interest and get a huge tax refund as a result even tho the mortgage is in their names. Now my dilemma is this...i plan to buy my own house with the mortgage in my own name. can i itemize the mortgage interest from both properties and get an even HUGER refund?

2007-07-20 17:04:02 · 5 answers · asked by VanillaIce 3 in United States

I am 31, claim head of household,claiming 1.

2007-07-20 17:00:49 · 3 answers · asked by rachel 1 in United States

I got an 11 cent eegtl tax in one paycheck a month ago... ?
eegtl = employee group term life (insurance)

2007-07-20 16:54:43 · 1 answers · asked by Nick 5 in United States

I have a friend who had to pay almost 30,000 (thirty thousand), in taxes.. what kind of yearly income makes u pay that much? I was too shy to ask, and people can feel funny to answer.. So I am here, asking..

2007-07-20 16:00:18 · 2 answers · asked by DivinePath 7 in United States

If I went to check-cashing places to cash my checks instead of a bank will that make it impossible to find out how much money in checks I was cashing? We’ll assume I am not going to put any cash into the bank and we can assume the government will not know who wrote me the checks, so they can’t find the canceled checks. Thanks!

2007-07-20 15:43:32 · 4 answers · asked by christopher239938 1 in United States

2007-07-20 15:33:35 · 3 answers · asked by jclintcol 1 in United States

I am interested in buying a tax lien on a mobile home in 2009 or 2010 for personal use; with a PURCHASE budget of $500-4,000. (not including lot rent)

I'm looking for a single-wide, and I only need one bedroom and one bathroom, though I'm sure I'll get more than that.

I'm interested in metro's with at least 150,000 people in any of the following states: minnesota, wisconsin, tennessee, alabama, arkansas, oklahoma, texas, kansas, nebraska, missouri, iowa, new mexico, arizona, nevada, oregon,washington, and california.

So, to ensure that I get my title right on the spot (if I understand this all correctly), which of these states do NOT have the right of redemption law applying to government sold tax liens?

2007-07-20 15:24:36 · 2 answers · asked by ... 4 in United States

2007-07-20 14:45:35 · 8 answers · asked by 624787 1 in United States

HELP out there!! Okay, my question is: if a homeowner in CA goes into foreclosure with a mortgage balance of 500k, bought the place say 2 years back for 600k, and the place goes to auction and gets only 400k, does the homeowner get taxed for the shortage, as he would if a lender was to forgive him a debt of that same amount? I find myself running into more and more foreclosures, and This is a scenario that is bound to happen to any number of my clients/prospects any day now. Thanks in advance for you input.

2007-07-20 14:31:01 · 1 answers · asked by J k 3 in United States

i heard i will owe money at the end of year. This dosnt make sence iam student. If this is true can i change it so it takes money out so i wont owe as much at the end of the year.
I have made 4 thousand this year : )

2007-07-20 14:11:39 · 3 answers · asked by Cat 1 in United States

On a check stub, what does Fed OASDI/EE on a check stub mean? I know it's some type of tax but what?

2007-07-20 12:44:31 · 3 answers · asked by sweetpeasmum 4 in United States