Taxes - July 2007

Eventhough I am only 17. I also live in California, if that helps. thanks.

2007-07-10 17:11:27 · 9 answers · asked by Anonymous in United States

Will the irs say no to offer of compromise if you own a house. does the irs take your primary residence and put you in the street, leave you with no car????

2007-07-10 17:08:01 · 2 answers · asked by QUETZAL 1 in United States

if u dont know dont answer then ,if u answer still i'll consider that u are stupid

2007-07-10 17:02:33 · 1 answers · asked by marie 1 in Other - Taxes

2007-07-10 16:52:29 · 4 answers · asked by riverrat2288 1 in United States

together for seven years. Is it legal for him to be claiming her children on his tax return?

2007-07-10 16:05:23 · 7 answers · asked by Mystery Girl 3 in United States

In February of this year I was named a trustee for a revocable trust established by my deceased grandfather for the benefit of my 57 year-old aunt who is not good at managing her money. The original trustees elected to effectively abdicate their positions after only nine months due to the money-management work involved. My question is twofold: 1) please confirm that I am responsible for filing tax returns for the trust and 2) please confirm that I am NOT responsible for filing tax returns for the period prior to becoming trustee (I would like to pass this back to the original trustees if possible). A tax returns for 2006 has not been filed yet.

2007-07-10 15:51:28 · 1 answers · asked by Anonymous in United States

I currently have a mortgage balance of 95,000 on a home valued over 325,000. i want to buy a second home for 200,000

2007-07-10 15:48:44 · 4 answers · asked by sunlover1220 1 in United States

2007-07-10 15:45:38 · 4 answers · asked by sunlover1220 1 in United States

My friend has been on disability since 2001 and has not filed income tax. He only gets about $14,000 a year. Now the IRS and state are taking over $3000 from him. Is this right?

2007-07-10 15:27:10 · 3 answers · asked by amoroushotmama 4 in United States

when renters credit gets sent out in Minnesota?

2007-07-10 15:04:13 · 2 answers · asked by pumpkin2 1 in United States

In other words: Say your job requires that you travel from business to business everyday, ~500 miles/week. Then, your job pays you ~44 cents per mile (tax-free). Can you ALSO write off those ~500 miles per week in your taxes?

2007-07-10 14:55:32 · 8 answers · asked by Anonymous in United States

My future son-in-law is trying to refinance his home mortgage. The man handling the refinance suggested that he might get a lower interest rate if he included my daughter's income and assets. They are unmarried, living together in Minnesota and expecting their first child in December. There are two parts to this question: Part One - Is this true about the possible lower interest rate and a good idea? and Part Two - Would they have to file taxes together from that point on? I would appreciate any advice and comments.

2007-07-10 14:46:58 · 3 answers · asked by mixerop 1 in United States

im 22, female, head of household, no kids, no dependants. just me... i have 4 listed now i dont know what they are but should i have 4 or 0?

2007-07-10 14:06:17 · 5 answers · asked by divinemadness 4 in Other - Taxes

I just got my statment, my check this week is for $2100...being deposited on friday will be 1200... how can $900 be taken out in taxes?????

2007-07-10 13:48:07 · 11 answers · asked by divinemadness 4 in Other - Taxes

I want to know how much it would be with taxes taken out.

2007-07-10 13:40:03 · 4 answers · asked by Anonymous in United States

offer in compromise?

2007-07-10 12:56:46 · 8 answers · asked by QUETZAL 1 in United States

coming to you....California......or otherwise..if anyone knows what I'm taling about please let me know. Thanks... Oh ya..a site that doesn't charge you. (Not your taxes)

2007-07-10 12:00:26 · 3 answers · asked by KatieJ 3 in United States

I think that we have enough taxes (taken from someone elses post)

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax,
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax
Interest expense
Inventory tax
IRS Inter est Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road usage taxes
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
Unemployment Tax (SUT A)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax

2007-07-10 10:46:07 · 15 answers · asked by Beauty&Brains 4 in United States

um i make alot of money under the table and i dont pay taxes on that but my question is whats the deal when i make over $3000 at the lobster restauraunt i work at, because if im gonna have to pay taxes ill quit at like 2800$

2007-07-10 10:35:26 · 4 answers · asked by gunnar s 3 in United States

This involves the state of Illinois, if that matters. We've been together for 15 years and have two kids.

2007-07-10 10:22:51 · 3 answers · asked by Trimorph S 1 in United States

This is the first home my husband and I have owned, it's a condominium that was purchased 10 months ago. We just experienced a flood due to an improperly installed valve. We are selling the condo back to the builders (as it was brand new when purchased and this was VERY unforseen). We will be purchasing a new home and rolling all equity into it (there will be about $20,000 in equity with the buy-back due to current market value). Will we have to pay capital gains on the $20,000? Will this fall under "Unforseen Circumstances" and qualify for a lower exclusion? Or is there something else??? THANKS!

2007-07-10 10:09:05 · 3 answers · asked by AriesJWR 4 in Other - Taxes

This is the first home my husband and I have owned, it's a condominium that was purchased 10 months ago. We just experienced a flood due to an improperly installed valve. We are selling the condo back to the builders (as it was brand new when purchased and this was VERY unforseen). We will be purchasing a new home and rolling all equity into it (there will be about $20,000 in equity with the buy-back due to current market value). Will we have to pay capital gains on the $20,000? Will this fall under "Unforseen Circumstances" and qualify for a lower exclusion? Or is there something else??? THANKS!

2007-07-10 09:58:27 · 2 answers · asked by AriesJWR 4 in Other - Taxes

I was claiming 8 and Federal was not being taking out of my check, in addition my hrs were cut. so I was trying to make up for the lost.please help. I do own my home, have a 19mth old son.

2007-07-10 08:00:08 · 5 answers · asked by Anonymous in United States

I currently claim Federal-1 & State-0 for my tax deductions.
(I'm in California, and single)

Question: I am currently pregnant and was wondering do I have to wait until my baby is born to claim
Fed-2 State-2
or can I do it now.

My main concern is not having to owe taxes come April 15, 2008

2007-07-10 07:56:30 · 4 answers · asked by K.C. 5 in United States

Everyone tells me to put ONE exemption on form W-4, but if I do what the form says, it should be 2. Can someone explain? I'm single with one job:

A: Enter "1" for yourself if you one else can claim you as a dependant... TRUE... so I enter 1

B: Enter "1" if you are single and have only one job; or... TRUE... so I enter another 1

H: Add lines A-G and enter total here: 1+1=2

So why isnt it 2 exemptions for a single person with one job??

Should I put 1 or 2 ???

2007-07-10 07:50:11 · 3 answers · asked by Anonymous in United States

I'm disabled collecting social security & I have found a job. How much extra income can I make without messing up my SS.

2007-07-10 07:43:01 · 4 answers · asked by Anonymous in United States

I worked for 3 months this year as an independent contractor, making $5,400.00 (no fed. taxes withheld or paid). Yesterday I started a new job as an employee ($30,000/yr.). How much should I have deducted per pay check to make up for that time I did not have anything taken out? Either number of allowances, flat dollar amount or %...I don't have any dependents, nor do I own any property.

2007-07-10 07:39:25 · 2 answers · asked by Anonymous in United States

2007-07-10 07:32:51 · 5 answers · asked by brittany d 1 in United States

I Have a small pension plan and i wish to take early retirement.but i have been told i can only access 25% of it as i am only 51.I want to use this money to set up a new life abroad.Can anyone tell me how i can get the full amount that in my opiniun is mine,payed to me.

2007-07-10 06:15:16 · 2 answers · asked by tracey297058 1 in United Kingdom

When a married couple is filing taxes and they live in different states, can they still file jointly for federal. Do they file seperatley for state?

2007-07-10 05:52:33 · 3 answers · asked by Anonymous in Other - Taxes