Taxes - August 2007

My son (16 years old) wants to enter the work force and does NOT want to have anything to do with the Social Security System. He is very socially astute and feels that SS contributions are a poor investment and he would see little or no return as the system gradually goes bankrupt over the next 50 years. Back when I was a young and naive new father, he was automatically issued an SSN when he was born along with a bunch of other hospital papers. He knows that Social Security is a voluntary program and he was illegally entered into the program since he was underage and could not give his authorization to be a member. How does he rescind his SSN and how can he be employed without an SSN? He has no issue paying State and Federal income taxes. Can he be employed with a TIN?

2007-08-23 11:00:09 · 7 answers · asked by g-whiz 2 in United States

i am seperated (hubby in military) and have a newborn baby. when i do my w4 what do i need to claim so that i still have a decent paycheck each month and to not have to owe anything at the end of the year. also i want to get the most back that i can for having a baby. i only make 21,000 a year from my job.

2007-08-23 10:57:05 · 3 answers · asked by Anonymous in Other - Taxes

2007-08-23 10:09:41 · 7 answers · asked by Anonymous in United States

I can't figure these things out. ... I'm single with no dependents. Shouldn't I be claiming zero? Why am I reporting 2?

2007-08-23 09:40:42 · 9 answers · asked by House M.D. 4 in United States

If its in the Internal Revenue Code, what section or chapter is it in?

2007-08-23 08:49:21 · 4 answers · asked by robertmundinger 2 in United States

yep and we all pay it!!!(and our parents)?fraud waste and abuse welfare lets get a fafsa and get a better education forget about Unaemployment our road and our...public officials we vote on?

2007-08-23 07:36:02 · 4 answers · asked by realgirlss9 1 in Other - Taxes

I have been paying a lot of money in taxes every year, now that my buisness has closed, can I/am I entitled to any financial help from the Government?

2007-08-23 07:22:27 · 14 answers · asked by Greg Dolan D 1 in United States

It is about $18,500. Assume a 33%tax bracket. I am lookinf mainly for what I owe after the 10% penalty and whether that counts towards my taxes.

2007-08-23 07:22:26 · 11 answers · asked by mixmasterb123 1 in United States

2007-08-23 07:05:00 · 4 answers · asked by double a 1 in Other - Taxes

would you take a 50 cent pay cut per hour if a job was offered to you and it's a 2-3 minute drive from your home.Or continue to take a 30 minute one way ?

2007-08-23 07:01:55 · 11 answers · asked by Anonymous in United States

My situation: my husband worked one month out 2007 I have worked all year and we have a 2 year old we will be filing joint and i checked to see if our income is within the guidelines it is but the question is since i am the only one working and we have a qualified child can i claim this credit?

2007-08-23 06:49:59 · 5 answers · asked by tahitian dancer 1 in United States

and this property rises in price and i decide to remorgage it to release some equity would i pay tax on the amount i release

2007-08-23 06:41:38 · 1 answers · asked by bumberclarte 1 in United Kingdom

My 2003 income tax was incomplete and needed to be filed by April 15th, 2007 but I didn't get around to filing it until late May/early June because I didn't have the fee for HR Block. IRS says I don't owe(am due a refund) but that the Statute of Limitations Law allows me to file up to 3 years late, and I was 3 months over(so, they're holding it)... I talked to an IRS attendant & she gave me the address to write to the IRS Service Center/collections. She suggests that I don't just say that I forgot or that I didn't know, b/c "ignorance of the law is no excuse", as she stated. So now the IRS is holding my return money from that year, but I really need it asap. ARE THERE ANY EXCEPTIONS TO THAT LIMITATIONS LAW which I could use in my letter. It was an honest mistake but it doesn't give them the right to keep my hard earned money. Some1 plz help ASAP. Maybe you know of the limitations laws and can enlighten me on what would possibly work?? Maybe my situation alone was good enough?

2007-08-23 06:19:30 · 4 answers · asked by Anonymous in Other - Taxes

2007-08-23 05:49:15 · 6 answers · asked by will a 1 in United States

child. We are married filing jointly what is our estimated refund?

2007-08-23 05:15:20 · 4 answers · asked by 101st_Army_Wife 2 in Other - Taxes

I did not own my own business, I do not own my own trucks and My ex- boss treated me like I was an owner of his trucks I was driving for him.! He listed me as an independent contractor and I wanted to know since he hired me to drive his trucks and did not take taxes out of my checks. He sometimes lpaid me cash!!!! What do I do? Can I argue this? He also says I made more money than I thought I made for the year!

2007-08-23 05:05:39 · 14 answers · asked by mr.rod33 3 in United States

Why and how often is property tax levied?

What are the goods its collected on?

Is it collected by individual states? If we move to a different state is it collected as per state rules?

2007-08-23 04:52:38 · 2 answers · asked by Arch 2 in United States

I'm from Italy. I have to fill an international company online job application, what's the "k" for? is that per hour? gross? net?

2007-08-23 04:52:22 · 11 answers · asked by Leonidas 4 in United States

2007-08-23 04:46:17 · 22 answers · asked by ? 3 in United Kingdom

I am sure I have been charged too much tax, paricularly recently and I have heard that instead of going to the tax office you can actually send a letter and deal with it all by post.
My questions are: is it possible to do it by post? if so, what do i write in the letter? and third of all, where do I send the letter to?.
Many thanks!!!!

2007-08-23 04:07:29 · 1 answers · asked by chapicharca 1 in United Kingdom

2007-08-23 03:37:39 · 9 answers · asked by RD119 3 in United States

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Tax return?

i am a PAYE employee. i live in UK
i want to know when am i required to fill the tax return for the income i am getting from renting out my house. i started renting house from may2007
and how will i get the tax return form

2007-08-23 02:40:35 · 1 answers · asked by first_sur 1 in United Kingdom

2007-08-23 02:18:45 · 8 answers · asked by nnohio 2 in United States

Ive lived there for 6 years. im selling and walking away with about $100,000. I am planning to buy a new home right away in another state. Do I have to pay taxes on the money if I buy a new home right away? And what if I only put $50,000 down on the new house, do I pay taxes on the other $50,000? Thanks....

2007-08-23 01:24:16 · 11 answers · asked by happycamper3071 1 in United States

2007-08-22 23:03:53 · 9 answers · asked by johnny k 1 in United States

My new home was assessed at $185,000 but I am purchasing it for $150,000. It is a forclosure. What price will I be paying my taxes on?

2007-08-22 17:23:09 · 4 answers · asked by B G 3 in United States

2007-08-22 16:49:34 · 6 answers · asked by a m 2 in United States

do single, childless people pay public school tax? is it the same amount as a family of nine kids? I'm not single or childless but I dont understand why people with one kid pays the same as for somebody with nine, twelve or twenty kids. its ridiculous if its true.

2007-08-22 16:02:12 · 6 answers · asked by get dent 3 in United States

I have been getting paid and im unsure if it's considered short term disability or Workmans Comp. I no longer work for the company and im unable to work. It's been a year and i have been living off the checks. I don't receive as much as i made before with taxes taken out. So if im not paying taxes now (which isn't shown on the checks i get) there is no way i could put money away to pay taxes at the end of the year. Please help i hope im not in a hole at the end of the year

2007-08-22 15:44:26 · 6 answers · asked by ajmarti82 2 in United States

If a corporation started November 2006 and has not done any monetary transactions as of date. What taxation liabilities are they responsible for?

Corporation Located in New York City.

2007-08-22 15:33:47 · 5 answers · asked by Anonymous in Other - Taxes