Taxes - August 2007

2007-08-22 15:30:00 · 4 answers · asked by Anonymous in United States

My understanding is that there is NO law that requires that people pay income tax and yet I hear about people getting popped all the time by the IRS for income tax evasion.

What gives?

2007-08-22 15:19:00 · 8 answers · asked by Anonymous in United States

example if cost is like 6.75 and i have to add the taxes which is 7.25% how do i do it????on a calculator

2007-08-22 14:49:00 · 2 answers · asked by Anonymous in United Kingdom

2007-08-22 14:33:07 · 4 answers · asked by fla_raven 2 in Other - Taxes

2007-08-22 14:11:08 · 5 answers · asked by Anonymous in United States

Is it true that if your parent filed head of househould on their taxes and were also married and living with their spouse that year that their taxes must be amended to the IRS.? .... If they must be amended how do they go about to do that and how much is it.? .. thank you ...

EXTRA INFO>>about whats goin on.... feelings.. etc. not neccesary to read to answer the question..


my college is making it hard as hell for fasfa to go through.... ive been there eeryday for the past two weeks and still need a different document each time, but they dont tell you that then... they wait till the 5the time you come with all the documents you needed before . and tell you you need something else.. its hared im out of state and the gov.makes it so hard.. but im willing to do whatever .. but thank you for your input.

2007-08-22 14:05:03 · 2 answers · asked by lndsylcs 2 in United States

If my spouse is unemployed and not collecting any unemployment benefits can I clain head of house hold.
She has been out of work 4 months of the year.

2007-08-22 13:48:28 · 6 answers · asked by Anonymous in United States

This girl just told me that she doesnt pay taxes she said something about american soveriegnty what is that and is this legal?

2007-08-22 13:48:18 · 4 answers · asked by Samuel 1 in Other - Taxes

I've lost my 2006 tax return, please tell me how to get a copy...

2007-08-22 13:45:13 · 4 answers · asked by Anonymous in United States

Does replacing window blinds increase my basis in my house if the replacement blinds were the same as those replaced? The old ones were 20 years old, Ive been here 2 years. I keep track of capital improvements to correctly calculate my gain, if there is one, when I eventually sell. Im not selling now so this isnt preparation for a sale. Does replacing blinds increase the basis? How about adding ceiling fans, dimmer switches, painting? I assume new (better) lights and adding dimmers is a yes, painting is a no, and blinds are a ???
Thanks for any expertise.

2007-08-22 13:20:11 · 4 answers · asked by The Joe 3 in United States

I got married in May 2007. I will be starting a new job September 2007. Should I change my tax status and information from single to now married? Or can I just wait until January 2008 to change all of that? Should my husband do the same at his current job too?

2007-08-22 12:50:02 · 4 answers · asked by Anonymous in United States

2007-08-22 12:16:49 · 4 answers · asked by Matteo M 3 in Other - Taxes

After 3 grueling days of my audit interegation, I recieved a letter that stated that their conclusuion was that I was owed $1,456,839,124. 23. Should I tell them that, while I make a nice living, I can't see how I could be owed over a billion dollars.

I suppose I could tell them, but the check should be here in a few weeks.

Should I just cash the check and run to Canada? Maybe I could leave them the 23 cents.

2007-08-22 11:55:08 · 12 answers · asked by Anonymous in United States

in other words no federal, SS, or Medicare ?

2007-08-22 11:09:03 · 4 answers · asked by Anonymous in Other - Taxes

I am filling in my tax return for the first time this year. I started self-employed business on 20th January 2006. I decided to end my financial year on 5th April.

So when I send the tax return in this year I will need to send two sets of figures to the taxman – one set for the period 20th January 2006 to 5th April 2006 and another set for the period 6th April 2006 to 5th April 2007.

Now I am not sure how to put these figures into the self-employment part of the tax return form – the notes on the tax return website do not make it clear. Should I add the various figures from the two periods and put them on a single form? Or should I get another copy of the self employment pages and fill each set of figures in on separate forms? What is the correct way to do it? Any help would be much appreciated!

2007-08-22 11:07:19 · 3 answers · asked by Mark D 5 in United Kingdom

Here's the story...

The 21-year-old New York man said Tuesday he had no choice but to sell the ball — several people told him he would be taxed on the souvenir just for holding on to it.

"It wasn't hard. It was simple math. I'm upset by the decision I had to make," Murphy said. "I wanted to keep it. I'm young. I don't have the bank account. ... It would have cost me a lot more to keep it."

I never knew that you could be taxed on an item that became a part of hisotry, due to who made contact with that object. Do they tax antiques stores as well? Or museums for what and who they hold? Is this a law? Is this common practice?

2007-08-22 10:49:40 · 5 answers · asked by JV 1 in United States

2007-08-22 10:49:27 · 2 answers · asked by CharMcd 1 in United States

I want to donate the stuff I do not need, some still have a price tag on. One of my friends said I can donate up to half of my income, for tax deductible at the end of the year. Is that true? Is it a limit for the deductible?

2007-08-22 10:45:38 · 5 answers · asked by Anonymous in United States

I am a 23 year old, saving money up living with my parents. My question is this, I make $82,000 anually. I currently claim 0 for allowances. I know claiming one would result in more money in my paychecks and claiming zero results in a higher return.

My question is this:

Am I losing any money by not claiming one? My tax return last year was around $1,500. Would that $1,500 just be spread out throughout the year or would I actually gain more than that in my checks?

Thanks so much for anyone's help.

2007-08-22 10:35:17 · 4 answers · asked by sportsguy2333 1 in United States

8/22/07 Yahoo article says that fan (Matt Murphy) will have to pay taxes on potentially valuable baseball.

The 21-year-old New York man said Tuesday he had no choice but to sell the ball — several people told him he would be taxed on the souvenir just for holding on to it.

"It wasn't hard. It was simple math. I'm upset by the decision I had to make," Murphy said. "I wanted to keep it. I'm young. I don't have the bank account. ... It would have cost me a lot more to keep it."

I think this was bad advice. Doesn't it make more sense that he'd pay taxes only WHEN he sells it, otherwise who and what determines taxable value?

If he inherits stock from a relative, he doesn't have to pay taxes on it until he sells it.

Am I looking at this the wrong way?

2007-08-22 10:15:55 · 4 answers · asked by dave78m 1 in United States

So Matt Murphy the 21 year old New Yorker announced today he is going to auction the 756th hr ball that Barry Bonds Hit. Will Matt still be getting taxed on the ball being auctioned and how will the taxes compare to what he could have received if he decided to keep the ball?

2007-08-22 10:03:28 · 3 answers · asked by Anonymous in United States

Someone informed me about a documentary that exposes the fact that there is a section of tax code that says you don't have to pay. Of course the government can take you to court and you have to spend money to defend yourself in court. But is this true? Does anyone know the name of the documentary?

2007-08-22 09:41:42 · 16 answers · asked by Bane 2 in United States

Lets say you pay $3K on your taxes a year when Income Tax rolls around does the IRS give you some of that money back or what?

2007-08-22 09:32:09 · 10 answers · asked by Anonymous in United States

2007-08-22 09:24:20 · 3 answers · asked by shopper 1 in Other - Taxes

Is it every 2 week hard to do fill out paperwork and phone interview. Tax already or had to do tax by my self? How long it last?

2007-08-22 09:05:07 · 2 answers · asked by Anonymous in United States

Murphy, who caught the ball will sell it because he needs to pay the tax for the value of the ball. The tax is based on the value of the ball. Could he sell the ball for ten dollars ($10.00) and claim the difference between the value and $10 as losses. This way his gain is only $10.

2007-08-22 08:51:18 · 8 answers · asked by Gil D 2 in United States

Will someone please tell this guy before he sells this ball for $500,000 that the IRS cannot tax him on the value of the ball, as the ball is not money, the fan has not received any money for it, and the ball is worth nothing UNLESS the fan actually does indeed sell it. If the IRS thinks it can do such a thing, I doubt it would take much effort for this guy to find an attorney or several who will take his case and successfully argue that he has received no income in relation to owning this baseball. He is being dupped into selling it for a fraction of what it will be worth 5 or 10 years from now.

2007-08-22 08:50:19 · 5 answers · asked by praise Allah 5 in United States

I have a job working as an adminstrative assistant but I get no benefits and not that good of pay so...I am about to start my job search all over again to find something better. But I wanna know if a notarized letter of recommendation would be considered going too far...

2007-08-22 08:35:53 · 9 answers · asked by Hopeful 2 in United Kingdom

I was reading the article about Matt Murphy having to sell the Barry Bonds home run ball he caught because he could not pay the taxes due. I thought you are taxed when the item is sold, not when you received it. What part of the tax code am I missing?

2007-08-22 08:25:14 · 4 answers · asked by advnturer 6 in United States

I just honestly don't understand why the guy who caught Barry Bonds' 756th home run ball has to auction it off because the taxes would be too high on it. I just don't get it! Can you please explain this to me? Since when do you have to pay for luckily catching a historic home run ball?!?

2007-08-22 08:22:43 · 5 answers · asked by Anonymous in United States