Taxes - July 2007

i haven tfiled taxes in 7 years and the irs is now saying i owe over 10,000 dollars and i am out of work how do i pay this with no income coming in?.

2007-07-29 08:34:52 · 5 answers · asked by wild wild west 51 2 in United States

I was granted Unemployment benefits for 6 months. I have well over 27K in my unemployment balance. Working since I was 15 and never filed for unemployment until now. If I still dont find a job can I ask for an extension for another 6 months???? I hear yes I hear no, but my friend in NY got it for 1 year. is it the same, diff? please let me know.

2007-07-29 08:24:35 · 3 answers · asked by Anonymous in United States

should i believe in this?

2007-07-29 08:17:16 · 9 answers · asked by Anonymous in United States

2007-07-29 07:59:38 · 7 answers · asked by mr D P 1 in United Kingdom

Let say I or my tax service miss a tax deduction in a given year.....can I claim it for the next year's taxes?

2007-07-29 07:21:08 · 5 answers · asked by Whiz77 2 in United States

Actually i got mail form the following address"UK National Lottery,
PO Box 1010
Liverpool,L70 1NL,
United Kingdom,
Draw Date 21/02/2007
Ref: XYL /26510460037/05
Batch: 24/00319/IPD" stating that i had won a lottery and am not sure if i can trust this lottery organisation becos they are askin for 500 to 300 pounds as courier service so that they can send my gift.Would really help if any of you could let me know if this is a trusted organisation.Thanks in advance

2007-07-29 07:13:51 · 8 answers · asked by Vinod M 1 in United Kingdom

curious and cold

2007-07-29 05:43:41 · 11 answers · asked by Anonymous in United Kingdom

My father inherited me a piece of land in Nicaragua. I want to sell it and I am planning to wire the money from the sale directly to my bank account in the US. It is about $100k. Do I have to report this money to the IRS? Do I have to pay any taxes on that money?

Thank You,

2007-07-29 05:40:14 · 4 answers · asked by Juan 1 in United States

I am referring to any contributions by members, pastor's salaries, properties owned, etc.
Thank you for your help.

2007-07-29 05:35:23 · 0 answers · asked by Anonymous in United States

I have a 3 BR house which is currently let out.I wish to purchase another 3 BR house in liverpool area.I intend to live here for 3-4 years and then sell both properties.
I am told I may have to pay tax on the first property if I am not staying in it at the time of selling.
Is there any way out of it,or how long do I need to stay in it for me to avoid paying tax/minimise it ,or can my wife and kids stay there for a while just before selling it

2007-07-29 02:59:09 · 3 answers · asked by mrinaldoss 1 in United Kingdom

2007-07-29 02:49:51 · 6 answers · asked by Anonymous in United States

I live in PA and if I have a paycheck from every two weeks and its around 700.00, how much after taxes will you think I will get. I filled a "0" on my W2/W4 form just to let ya know.

thanks.

2007-07-29 02:13:25 · 1 answers · asked by ChRiStY 1 in United States

My son is 15 and just started his first job. Is he allowed to file exempt on his W-4?

2007-07-29 01:31:38 · 5 answers · asked by sweet-n-smilin 2 in United States

These people hv not asked me for any 'fees' or anything but hv accepted my suggestion to allow me to come over to the UK to collect the prize myself. So, what do u think? Shoud I go or not?

2007-07-29 00:10:37 · 11 answers · asked by timo455 1 in United Kingdom

If I'd have 100K with 4,88 % interest for 6 moths?

2007-07-28 22:53:43 · 4 answers · asked by Somewhere in Time 3 in United States

If I take out 100K from my 401K to use as a down payment for my primary home purchase, how much tax do I have to pay. Some say only 10% because it is a 'hardship' distribution. Its this true?

Or is this 100K distribution going to add to my anual gross salary and then the new tax bracket applies to it in addition to the 10%?

2007-07-28 20:03:15 · 9 answers · asked by Aaron L 1 in United States

i just started my first job a few months ago... I have a daughter i am with her father we are not married. He has been claiming her I was gonna claim her as single cuase i will get more money back (so i hear anyways) and me saying im single im not lying cause we arent married... So my question is .. do we have to notify someone stating I am going to claim her or do we just wait until we get our taxes done.. thanks for the help on this i just dont want to get into trouble in any way....

2007-07-28 19:08:41 · 4 answers · asked by Shannon K 1 in United States

ok so i actually do make minimum wage (actually 5.25, I'm a kid ) so does that mean im getting a raise and when will that kick in? thnx

2007-07-28 15:01:45 · 10 answers · asked by bassboy22 3 in United States

If you inherite money, after the estate taxes are paid, do you have to claim income on the balance that you get? What about in NJ?

2007-07-28 14:57:28 · 9 answers · asked by Deadhead Neil 3 in United States

I do not have the money to hire a lawyer to help me, or the money to pay the taxes. My business can not get credit to operate, and I am losing money. I need the tax lien released before I go under.
I have talked to the IRS, put they only send me publications I do not understand.

2007-07-28 14:31:57 · 4 answers · asked by Enoch J 2 in United States

My landlord does not want to give me his social security number. Should I contact the IRS to get help on this issue.
I pay over $2000 a month for rent and would like to report it to the IRS. My landlord is a major AO, who is getting rich, I do not think he reports all his income.

2007-07-28 14:26:24 · 4 answers · asked by Enoch J 2 in United States

someone from the UK ia emailing me that I have won a lottery,but I have to pay delivery costs of my winnings?

2007-07-28 14:00:14 · 30 answers · asked by Robert T 1 in United Kingdom

2007-07-28 14:00:06 · 4 answers · asked by BARB 2 in United States

2007-07-28 13:58:07 · 2 answers · asked by Dale N 2 in United States

2007-07-28 13:45:23 · 2 answers · asked by Anonymous in United States

My packages always come from China. Sometimes they charge a tax, sometimes not. How do they decide which packages to tax???

2007-07-28 13:09:46 · 3 answers · asked by Forever Brooklyn 2 in United States

Is there a cutoff age that we don't have to file a tax return? Are pension benefits and social security income reportable and for how long? Thanks.

2007-07-28 13:03:57 · 3 answers · asked by Anonymous in United States

2007-07-28 13:00:01 · 2 answers · asked by Ozzy 2 in United States

I'm an independent contractor who receives a 1099-MISC for non-employment compensation. I know that my total income for the year will be $24,000 because I get paid the same thing every month regardless of how much or little work I do. I am married, but separated and have lived in our apartment with our son since April and will continue to do so all year, so I can file Head of Household. My son is under 18 and I pay for the majority of his care. I tried to plug my numbers into an online tax site, deductions (standard), credits (I should qualify for EIC and Child Tax) - and it tells me that I hypothetically owe something in the ballpark of $8,000. My expenses are only in the ballpark of about $1500 a year. That can't be right. I can't owe $8000 to the federal and state government on only $24,000 worth of income. I know it's non-employment compensation, but come on - I have no other income. Is this right? Is there another way to figure this stuff up?

2007-07-28 12:50:56 · 2 answers · asked by bioautographical 1 in United Kingdom

How do I do my taxes and claim her?? We got her a place close to her school, but I want to claim her on my taxes,can I? Will she have to file her own because she works part time? We have no state taxes, this is just federal and also her financial aid will be under me..

2007-07-28 12:28:52 · 6 answers · asked by Rosie 4 in United States