Taxes - July 2007

If i transfer $30,000 to my sisters' account. Do i have to pay tax or not. Is therre something elses i need to do for the government?

2007-07-06 06:06:48 · 6 answers · asked by petersmith 2 in United States

why do you liberals agree to raise taxes? its unessesary. also, you tax rich people more. they earned their money!

2007-07-06 05:40:42 · 3 answers · asked by Screw Monetarism 4 in United States

OK. im 17 i worked with my dad ( he have his own bussiness) so i just help him out. im a student. he pay me $85 cash for 3 times a week. So if i also gamble and win + my pay. and deposit about $400 a week to my bank. (i am a full time student). Will the bank dob me in to the government and report me?? or will tax people/government come to my house question me about where i get the money from??

Or should i just not deposit the money to my bank account and just spend it??

any advice is appreciated.

2007-07-06 05:33:08 · 4 answers · asked by petersmith 2 in United States

2007-07-06 05:18:39 · 6 answers · asked by Scrap 22 2 in United States

2007-07-06 04:31:51 · 5 answers · asked by Alexander J 2 in United Kingdom

2007-07-06 03:46:51 · 4 answers · asked by mann1471 1 in United States

for the past 5 years my partner has not been self employed he has worked for a building company and in a wearhouse and pays tax though his wages every week so why does he keep having letters saying he owes cause of late returns the amount is now up to 11.000 pound he has been to court 2 years ago cause of this and they dropped the case because he wasn't self employed anymore and that they would contact inland reveue to tell them this and they said that he didn't owe anything.

2007-07-06 02:11:40 · 11 answers · asked by Dawn T 1 in United Kingdom

2007-07-06 01:38:21 · 7 answers · asked by maryellen k 2 in United States

Hello. My husband accidentally claimed 3 this year! He just got the form to change it. We have a 3 year old son. Should he claim 0 or 1? We are probably going to owe the government from the last 7 months anyway.

2007-07-06 00:59:40 · 3 answers · asked by Lyss 2 in Other - Taxes

I am getting married Aug 4th and I have a tax question. Me and my future spouse will be living apart, him in DC and me in Richmond. I will be living with my father. My father has taken out some money for me from his retirement this year (for college) and is depending on filing me as a dependant so that he can get some of this money back he will loose. Can I be married and still claimed by my father as a dependant? I will live in his house and be dependant but I just didnt know if this would mess his taxes up. Seriouse answers only please.

2007-07-06 00:07:17 · 4 answers · asked by rn_bratt 2 in Other - Taxes

My friend is coming to Australia for 2 weeks, she has a return ticket to the US, but she owes just under $1000 US in taxes, which were due to be paid by June this yr. Will they stop her from leaving the country as she has unpaid taxes, or will she be ok as she has a return ticket. (she didnt pay for the ticket if that helps).

2007-07-05 19:43:29 · 6 answers · asked by Anonymous in United States

Considering the factors that determine the underground economy in the U.S., assume
that higher levels of income tax decrease GDP and that while holding government
expenditures constant, increased income taxes reduce consumption expenditures, and
that government surpluses increase national savings so the government doesn't have to
borrow your savings to operate and, therefore, that higher taxes contribute to economic
growth. Are higher taxes a short-run versus long-run issue? Explain.

2007-07-05 18:57:05 · 1 answers · asked by charmedangel51 2 in Other - Taxes

My husband and I have a 3 year old. My husband accidentally claimed 3 this year!!! Will we owe the government come tax season? With it being July already, if we change it now, is it possible to break even?

2007-07-05 17:36:32 · 3 answers · asked by Lyss 2 in Other - Taxes

a progressive
b regressive
c 4% or 5%
d non-existent

2007-07-05 15:52:32 · 4 answers · asked by editing l 1 in Other - Taxes

Do I get more money by claiming my children during the year or should I get taxed harder and get a bigger refund? Is one better than the other, or does it all equal out in the end?

2007-07-05 15:33:10 · 8 answers · asked by Jr. fan 2 in United States

I would like to know how to donate a vehicle, and how to calculate the tax deduction (federal tax ? state tax). Who I should contact with?

I have an used car current market price is about $5000, and would like to sale or donate, but this car requires $1500 to repair if I want to sale it. I would like to know if make vehicle donation (sorry, I won't fix the car) will be better for me.

Please don't give me any answer like "Giving it to someone in need of a car will be a lot more charitible ..." or "make you feel pretty good to help others ...", I am not in the level to give away few thousands, so please give me advice if you know anything about vehicle donation.
Thanks

2007-07-05 15:16:49 · 7 answers · asked by Chris 1 in United States

THat is for a single person age 28years old.

DO you know how much would be the federal and the state tax???

2007-07-05 14:55:31 · 4 answers · asked by the d 6 in United States

2007-07-05 14:32:58 · 6 answers · asked by Anonymous in United States

what are the penalties if you want to withdraw money from an IRA mutual fund account??

2007-07-05 13:39:16 · 3 answers · asked by Anonymous in United States

im trying to figure out the amount of my paycheck before its actually in my hands.
i claim zero and if my check were to be $800 before taxes, does anyone know what it would be after taxes?

2007-07-05 13:26:33 · 8 answers · asked by Anonymous in United States

Cigs,booze cheaper,----touch more vat, ---income tax less for most,----but higher paid get clobbered.
Parasite MP's won't go for it..... would you?

2007-07-05 12:16:44 · 3 answers · asked by Anonymous in Other - Taxes

is it the Federal Reserve Bank or which one ??
I'm not an american, i'm trying to find this out for a school project.

Thank U for answering

2007-07-05 11:17:10 · 2 answers · asked by Ol-Blu-Eyes 4 in United States

Just wondered how that worked. I work for a TV production compan and wanted to find out if forced hiatus was normal, and if it is, does a production company still pay you for that time off? My company forces us to take any week off work when there is a federal holiday, just so they don't have to pay the holiday pay. is that normal?

2007-07-05 11:12:25 · 1 answers · asked by J W 1 in United States

2007-07-05 10:59:17 · 2 answers · asked by chuckster 1 in United States

2007-07-05 10:17:46 · 5 answers · asked by Tinker Bell 2 in United States

2007-07-05 09:53:29 · 3 answers · asked by Viking 2 in United States

These are slackers or people who were able to weezle "cake jobs" not execs. They also show up late, leave early and disappear for hours (?). The best part is those in charge do nothing about it.

2007-07-05 09:38:16 · 4 answers · asked by Anglcake 5 in United States

OK I am talking about OASDI/EE and MED/EE. I know that the first is something to do with Social Security, and the second is medicare or medicaid. I know that everyone pays these, but I am a little confused.

I work for the State of Connecticut, through the college I attend. I only work 12 hours a week (except the Summer, which I am working anywhere between 20-32 hours). I just got my second summer paycheck, and both of these things are being taken out, which they never have before. I have been working here for three years, and no pay raise sense before last Summer. All that was being pulled out then was federal and state, until this check. So what changed, and should it have? It only adds up to about $45, but I don't make very much anyways. I need to save during the summer because I make so little in the semester. Anyone with REAL answers, thank you in advance.

2007-07-05 09:04:25 · 3 answers · asked by susanb14 2 in United States

I need to read them for tax records! These faded cash register receipts are 5 years old. They are black text on glossy paper or blue ink on regular paper.

2007-07-05 08:41:22 · 3 answers · asked by navybadger 1 in United States

I thought it was not important, nobody really explained to me. Apparently it is a big deal and I should have done it before. My father claimed me as a dependent till I was 19, after that I think I was supposed to do it on my own. I'm 22 now. Please give me some advice on this. I live in the bronx, ny.

2007-07-05 08:40:21 · 10 answers · asked by thysane 4 in United States