Taxes - July 2007

I didn't pay on my 2005 taxes the IRS notified me July 20th via mail and asked me to file, I won't be able to file until August 10th and once I've filed I'm going to set up an appointmet to talk with an IRS repensitive. Do you think they will contact me again between this time frame with a more harsh approach?

2007-07-31 10:37:34 · 3 answers · asked by Tina 5 in United States

I am considering a move to Dubai very shortly and I was under the impression that if one lives outside the US (or its territories, ie Guam) for 335 days or more per year, they will avoid US income taxes. I have read many differing opinions and the IRS website is difficult to comprehend with 100% certainty. Does anyone know what the actual rules are?

2007-07-31 10:26:49 · 3 answers · asked by Marley D 1 in United States

2007-07-31 10:26:19 · 2 answers · asked by Harland C 1 in United States

I am considering selling my retail business, but will not receive all the money up front. The buyer will pay an initial sum and then a yearly amount for ten years.

Will I owe taxes on the entire amount of the sale even if I have not recieved the cash in hand?

2007-07-31 10:25:55 · 5 answers · asked by Anonymous in United States

I've always dreamed of moving to Canada (currently in the US as a permanent resident). I would really like to take up a full-time job in Canada, in the field of Software. But I talked to a few friends who have worked in Canada (under non-immigrant visa) & they tell me that the salary is not as good as what one could make in the US (which I can understand), but also they say that the actual salary earned is only 30% of what the company pays at best, and the remaining 70% goes off as taxes! Which is worse than that in the US.

Is that true? Do you really earn very little and pay lot of taxes, if you work in Canada as a non-immigrant?

2007-07-31 10:08:34 · 2 answers · asked by Anonymous in Canada

I sell in ebay and made a total of $27,064.99 I did not make any sales in my state (California) Only out of state sales. So I don't owe any Taxes. Okay my question is that
Out of those $27K that I made in sales do I have to take away of what I had to pay for the item?
Example I sold a ring for $3,000 but it costed me $1,000 do I only claim $2,000?
Do I claim what I paid for shipping that I had to pay for sending the item to my customer?
What do they mean by deductions? Thanks

2007-07-31 09:58:57 · 3 answers · asked by Anonymous in United States

I have taken an enormous business loss for a business I had filed as a corporation. How do I show these losses in my tax returns? I need to know what the best way to handle this is. When can I post the losses? Only after the loss is realized (when the business is sold)? How much of the losses can I show in a single year? I am praying that there is some way to show this on my personal taxes, as this is a total loss of a small fortune. Thanks for any and all advice!!

2007-07-31 09:18:31 · 4 answers · asked by Tom C 1 in United States

i am 16 year old living on my own in B.C. Canada and i have no idea if i can collect me child tax credit from the government so any1 that would know how to do that plse oh plse let me know it would help oh sooo much

2007-07-31 09:06:35 · 3 answers · asked by Anonymous in United States

no right offs just a flat tax.

2007-07-31 09:00:23 · 6 answers · asked by Anonymous in United States

2007-07-31 08:55:06 · 1 answers · asked by Lolly 3 in United States

I don't know how to fill out the tax form and I want to go to a tax expert can something like H&R Block help me with it How much do they charge for that service?
I know there is a 10% penalty for filing past the due date. How long can you go with out paying taxes I need about two months will the penalty rise every month?

2007-07-31 08:52:08 · 4 answers · asked by Anonymous in United States

I normally claim 4 on my tax and when tax season come i claim 3. but now the 4 dependant are working. So when tax season can I claim just 1 so I wont have to pay back.? I claim head of household too.

2007-07-31 08:30:39 · 6 answers · asked by Laos 1 in United States

We are still married, but in the process of divorcing. He filed married/ separately for 2006 and someone told me that because I am still legally married to him, I can get a copy of the tax return he filed for 2006 just by knowing his social security number. The reason I even care is that he's working under the table, trying to avoid paying child support, and not responding to any of the divorce papers, making it difficult for me/ my lawyer to proceed with things. Does anyone know how I can obtain access to his tax records? Is it even possible?

2007-07-31 07:52:34 · 4 answers · asked by Anonymous in United States

I have moved in with my partner and I am wondering what I have to do with the neighbourhood office,

I moved in with him today I am going to the neighbourhood office tommorow to put myself on the electors roll here, what will the staff there ask of me, previous address, how much I am earning?

My partner is not working at the moment, I am, how much council tax will I have to pay?

2007-07-31 07:19:58 · 4 answers · asked by Rebz 5 in United Kingdom

We've been married since June and would like to know if we can file as married on our work place w2 forms. Thanks!

2007-07-31 06:55:37 · 6 answers · asked by Anonymous in United States

My accountant was always really good up until this year when he kind of went off the deep end with some personal issues. He assured me that he'd file my business return on time and when he didn't he assured me that he filed an extension. Today I received notice from the IRS that there was not an extension filed and that I owe $450 due to my return being filed 3 months late.

What recourse do I have? Will the IRS take into consideration that my accountant failed to do his job and basically lied to me about filing the extension and possibly reduce/waive the penalty? Do I have legal recourse against my now former accountant? Any sound advice would be most appreciated.

thanks.

2007-07-31 06:41:34 · 12 answers · asked by Chuck P 2 in United States

I lost a pretty penny to the IRS. Is their certin conditions you have to be under in order to be "dismissed" on taxes?



no mean comments please, thanks! - j

2007-07-31 06:27:50 · 9 answers · asked by Anonymous in United States

I received a letter a couple days ago from the gov about 3 years of unfiled taxes. I've never made over 5000 a year from part time jobs. I've always been a full time student and my parents still claim me on their taxes. What should be my next step

2007-07-31 05:59:29 · 11 answers · asked by BonneChance 3 in United States

2007-07-31 05:41:14 · 3 answers · asked by ROB 1 in United States

If you are self published but marketing your book can you deduct your expenses as a business expense?

2007-07-31 05:33:12 · 4 answers · asked by Patrick B 3 in United States

I was out for 4 days one week this pay period and my employer is deducting those days from my salary. They said it is because I did not have enough time on my job but we do not have sick benefits here so I am not sure what that was about. Is that even legal if I am on a salary??

2007-07-31 05:28:37 · 14 answers · asked by jackandjenninaz 2 in United States

2007-07-31 05:18:15 · 5 answers · asked by Kat t 1 in United States

My wife and I have had several significant changes in our lives in the past year. For instance, we will not be receiving the mortgage intrest credit, the child care deduction as well as the deductions for business expenses.

Is there any way to know if we are paying in too little or even possibly too much.

Last year with all the deductions, we received a 2k refund filing married, joint with 2 children.

So far this year, I have filed Married, with 0 deducts, and she is filed married w 2 deducts. How can we know if we are paying enough in taxes to avaoid penalties as well as a hefty tax bill come next year?

2007-07-31 04:55:25 · 2 answers · asked by Jason W 3 in United States

this is for an online business. i know you dont charge sales tax to people outside your state...but is it for the Billing Address or the Shipping Address?????/???//

(If my business is based on out of MASS, and a person who lives in CALIFORNIA but goes to college in MASS buys an item, do they have to pay sales tax?

What about a person who lives in MASS but goes to college in CALIFORNIA?)

2007-07-31 04:54:15 · 2 answers · asked by mike 1 in United States

2007-07-31 04:27:13 · 4 answers · asked by Anonymous in United States

If someone has income from stocks of less then the current federal income tax reporting requirement for "salary/wages".. and the stocks are there only form income.. do they still need to file? or just like if it was wages income do they not have to file? anyone know.

2007-07-31 04:11:46 · 6 answers · asked by Anonymous in United States

My dad has just moved into a senior home and I was covering his costs for a couple of months. My mom passed a way while the house was in escrow.
He received the proceeds from the house sale and deposited it in his bank.
Can he just write me a check for the costs of everything I've covered for the last year? Rent, moving costs, etc... less than 20K.
My name is also on the account that the money was deposited into so I could just write a check to myself.
Any problems with this?
Thanks

2007-07-31 03:33:37 · 9 answers · asked by Pete 1 in United States

I have been waiting since April and recently I have been phonng them everyday wondering why it's taking so long and I don't get any sense off anybody. I need the money desperately as my job finishes on Friday. I have applied for tons and tons of jobs and none yet! I don't want to be homeless!

2007-07-31 02:50:59 · 9 answers · asked by Anonymous in United States

2007-07-31 01:10:53 · 5 answers · asked by Steve Yahoo 1 in United Kingdom

She sells christening cloths and baby goods and offers embriodary service is she liable for tax as she doesnt declare it to inland revenue.

2007-07-31 01:00:40 · 10 answers · asked by Anonymous in United Kingdom