Taxes - July 2007

I currently own a house with another person. We're not married so I was curious of how that would work for tax purposes. Can only one of us write off the interest on the house or can both of us since we're not married?

2007-07-01 13:52:37 · 4 answers · asked by shaboykin01 1 in United States

We filed as married separate (state of colorado).

2007-07-01 13:43:47 · 6 answers · asked by oythebumbler 1 in United States

My job takes money out of my paycheck for taxes(i work in NEw York) Now when is this money given to the IRS? Does my job put this money ina bank account that generates interest for themself until tax time comes around? If so i dont think thats right

2007-07-01 13:37:57 · 6 answers · asked by radiculus 1 in Other - Taxes

I'm a first -time home owner, and I'm going to sell my primary residence less than 1 year from when I bought it. How do I know how much my property gains tax will be? When do I pay the tax? At closing when I sell or at a certain time of the year?

2007-07-01 13:22:21 · 3 answers · asked by OuiOuiChica17 2 in United States

I retired at 60 and began receiving SS benefits at 62. The SS my wife would be able to draw on her own earnings are less than half of what I would have received at my full retirement age. So, if my wife waits until her full retirement age (66) am I correct in assuming that she will receive ½ of what I would have received at full retirement? And if I precede her in death she would then receive 100% of what I would have received at full retirement?

2007-07-01 10:46:15 · 5 answers · asked by EZ 1 in United States

Do you think you can borrow an emergency loan from your income tax money around this time of the yr. if they can withhold a mans income tax money for example child support, maybe they can loan me some money out of my refund, and i pay back income tax time.

2007-07-01 10:27:29 · 3 answers · asked by betrayed 1 in United States

Just moved to Tennessee from Ohio and lost my wallet. Now I can't access my bank account, open a new one due to no id, nothing. It is like I lost my identity and have nowhere to turn.

2007-07-01 08:01:52 · 3 answers · asked by preciousstonestables 2 in United States

i am getting money back on my taxes and through a problem with our software my taxes never go turned in. now i have to file them manually late. what happens to me? will i still get my refund?

2007-07-01 07:28:43 · 6 answers · asked by REM 2 in United States

people on income surpport get a discount on there glasses and i cant (income surpport nothing wrong with them)
(incapacity benefit ill)

2007-07-01 07:01:13 · 8 answers · asked by tacho 4 in India

I am looking at my S-corp (form 1120s) returns from last year that my accountant filed and am just wondering a few things. My company cell phone bill runs roughly $200/month & my accountant makes no reference anywhere as to deducting this expense off. Also, my company phone, internet and fax bills averaged $700/month (shared T1 lines, with 10+ lines and 2 faxes) and there is no deduction on my taxes for this either. Does anyone have any reason or ideas as to why these items would not have been included as deductions anywhere on my returns. I would have thought they would have been included on line 19 for other deductions, but after thouroughly reviewing the breakdown of expenses she included these items do not exist on there. This is roughly 10k of missing deductions. Should these items have been used as deductions on my tax returns? If they should have, should I, or can I, file an amended return with these items listed? Any help would be appreciated. Thanks in advance.

2007-07-01 06:59:19 · 4 answers · asked by dzwreck 4 in United States

I would like to transfer owbership of one of my vehicles into my LLC (NV). I would like to depreciate it as an asset. But if I sell it to my LLC, will I have to pay sales tax? If so, is there a way to transfer it into my LLC w/o paying slaes tax but in a way that will still show its value for tax purposes?

2007-07-01 06:48:35 · 6 answers · asked by Lord B. 1 in United States

I'm investing in the stock market and wondered what is the difference between the rate I get taxed for my personal income (from my 9 to 5) and the rate for capital gains?

Also, what event triggers the capital gains tax rate to kick in?
.
.

2007-07-01 06:32:39 · 4 answers · asked by Anonymous in United States

Also are there any special laws or fees, or processes that are associated with babysitting in the state of maine?

2007-07-01 06:14:53 · 6 answers · asked by Anonymous in United States

This question is only for those in the US who make over $120K annually:
Would you be willing to trade off lower taxes keeping in mind your earning potential for "free" health care and/or "free" education in undergrad and professional/grad schools? Why? The reason for the income limit is where tax credits etc. (other than schedule C) start phasing out.

2007-07-01 05:43:57 · 3 answers · asked by Jay S 3 in United States

I was just curious...

2007-07-01 05:41:16 · 6 answers · asked by La_La_R 1 in United States

I claim 1 on my taxes. But my friend told me to claim more like 2 or 3 then simply change it at the end of the year. This way I get more of the money I earn. I've also heard that claiming two is legal because a single person can claim 1 for being single and 2 because no one else can claim me. Sounds stupid to me but can tax experts let me know. I just want more of my money. Any feedback is appreciated.

2007-07-01 05:17:08 · 6 answers · asked by Anonymous in United States

In residential sales in southern california, if you keep the house for 2 years, there's no capital gains. Does same apply for business such as liquor stores? If you keep it for 2 years, no capital gains?

2007-07-01 04:44:10 · 6 answers · asked by Anonymous in United States

2007-07-01 04:28:42 · 7 answers · asked by gene_frequency 7 in United States

How about 1 or 2 years later instead?

2007-07-01 04:26:39 · 8 answers · asked by Anonymous in United States

at the end of the month, would sociey improve?
Or would they still not give a sh*t?

2007-07-01 04:04:28 · 4 answers · asked by malcolm g 5 in United Kingdom

do tax free copuntries such as dubai need accountants?

2007-07-01 03:11:38 · 4 answers · asked by Anonymous in Other - Taxes

2007-07-01 00:51:36 · 4 answers · asked by Anonymous in Other - Taxes