Taxes - August 2007

Am I missing any taxes that should be paid when employer taxes are due?

2007-08-21 23:06:22 · 1 answers · asked by Anonymous in Other - Taxes

I have a dual citizenship and after graduating from a U.S. school, I was offered a job by a foreign company to work in that country (the one that I am also a citizen of). The job started in Aug. and I had not worked (and therefore no income) before that. I don't know how long I will work for the company but I'm pretty sure that I will not return to work in the U.S. in the foreseeable future. I do not have income earned in the U.S. and have no residence in the U.S. either. All the income comes when I'm abroad, but I'll only be here for 8-9 months (and only 5/12 of this tax year) when I file the tax return next year, so will I be eligible for the foreign earned income exclusion next year? And if not, will I get tax refunds the year after that when I will probably have worked abroad for over 16 months and will definitely have no problem claiming the exclusion?

2007-08-21 22:32:39 · 2 answers · asked by cdib2036 2 in United States

Any examples please?

2007-08-21 22:32:11 · 2 answers · asked by Irosh Bandara 5 in Australia

i have received one mail who is inform me you are a winner of yahoo new year award -2007 so i was send sum details to him but i have received one mail from THE DIVISIONAL DIRECTOR OF FINANCE
NATION WIDE BANK PLC
39 PICCADILLY, MANCHESTER M1 1NB
E-mail: fundsremittancenwbkplc@gmail.com
remittancenwbkplc@yahoo.co.uk

the above address they inform us your amount was ready please send your ID prof etc. but i cannot sent above details
is this bank true or not,?

2007-08-21 21:04:44 · 3 answers · asked by Agni 1 in United Kingdom

I moved to Texas after living in California for the last 11 years, and I plan to sell some stocks which I accumulated in California. Now that I live in Texas, do I have to pay income tax on the profits from those stocks to California even though I will not be a current California resident?

2007-08-21 17:52:43 · 2 answers · asked by tneper 1 in United States

My dad is going to help me pay off my car and give me down payment money for new house totaling $25,000. I will repay half this amount a little at a time. He was going to give me a cashiers check and let me spend it but I'm afraid there will be tax implications. I live in New Mexico. I thought that maybe he could just write the check for the car and give me a smaller amount in cash or smaller gifts separately. What are the rules? Also I will eventually inherit money for the sale of his land that is getting paid monthly through escrow. Is there a way to avoid losing inheritance this way? He currently lives off this money. Thanks for the advice.

2007-08-21 17:20:08 · 6 answers · asked by Elena 2 in United States

2007-08-21 17:10:54 · 2 answers · asked by Steven D 1 in United States

dose any one know anything about disolving a business in the uk, it is (was) a brother thing that is just not working, they can't come to a settlement together so dissolving is the only way!!!
really need some advice????

2007-08-21 15:34:10 · 3 answers · asked by turtlemadlady 3 in United Kingdom

2007-08-21 15:25:49 · 5 answers · asked by leww 1 in United States

And also what does one have to do to become a CPA?

2007-08-21 15:14:01 · 11 answers · asked by Anonymous in United States

2007-08-21 15:12:11 · 2 answers · asked by Anonymous in United States

2007-08-21 15:10:40 · 5 answers · asked by Anonymous in United States

tax here (in US, state of arizona) is 8 or 9 cents.

2007-08-21 14:59:31 · 6 answers · asked by sk8rvolcomstone 1 in United States

Husband and wife have filed jointly for years. Husband took off one day and has been living with his parents somewhere in Europe. He has made no contact with his wife in over a year. So, when the wife files her taxes this next year, would she file 'married filing separately' since they are still married? Also, should it be of any concern to her, or will it come back on her if he doesn't file any tax return?

2007-08-21 14:48:10 · 6 answers · asked by John 2 in United States

I need some legal advice on taxation of the sale of inherited real estate in Connecticut. Is it more efficient to leave the title in the estate or transfer the deed and title of the property to the executor or heir? Is sale of inherited property treated as capital gain if so what is the basis.

2007-08-21 14:31:32 · 3 answers · asked by Chester B 2 in Other - Taxes

We purchased our home in Ada County, Idaho November 2006 and lived in the home. My husband received orders and for the Army to move to Alabama for over a year. He left the end of February, 2007. I stayed in the home until the middle of June 2007. From the end of June 2007 to present we have been receiving rent for our home that is significantly less than the mortgage payment. If we decide to sell the home without using an agent, will we need to pay any taxes for the gains? We expect to receive approximately $20-25k more than we paid due to the extras we added.

Are there any exemptions from Capital Gains due to military move? What if we purchase another less expensive home, but put the gains into other debt?

Your responses are appreciated.

2007-08-21 13:56:11 · 6 answers · asked by Lacey R 1 in United States

And don't site Karl Marx with and progressive tax , “FAIR” UNDER THE INCOME TAX IS DEFINED AS MAKE MORE , PAY MORE…… “FAIR” UNDER THE FAIRTAX IS DEFINED AS SPEND MORE, PAY MORE.

2007-08-21 13:41:07 · 7 answers · asked by Anonymous in United States

I switched my tax papers at work so I was exempt. I needed the extra money for tuition. At the time, I was told I could switch it back for the following paycheck. I went to switch it back today and the lady in charge said that from now on they can only change it twice a year, July and January. I don't want to have to pay a lot in taxes, is there any law or anything about this? And if it really isnt possible to change, if I take the money that would have been taken out and save it in an account, will that be about how much I will owe in taxes???? I can't afford to pay a ton in taxes, please help!

2007-08-21 13:30:21 · 3 answers · asked by Anonymous in United States

Is the cost basis the value of the house at the time of death of the testator or is it the original cost?

2007-08-21 12:03:49 · 7 answers · asked by perlowjon 1 in United States

a fire destroyed records. IRS auditing big time. Drove for company independently for 7 months in 2001. no recolection of what mileage and gas. anyone doing same work estimate how much one would use?

2007-08-21 11:48:05 · 6 answers · asked by native1 1 in United States

The income tax equation is...... income- taxes-compliance dollars = spending
The Fair Tax equation is.... income = spending + taxes+ compliance dollars, so here we are taxed on new items only and get back the compliance costs.

2007-08-21 11:36:56 · 7 answers · asked by Anonymous in Other - Taxes

1 owner,1 truck with 10K in tools

2007-08-21 11:26:22 · 3 answers · asked by Solutions 2 in United States

do i get the taxes back that were taken out

2007-08-21 11:09:59 · 5 answers · asked by stinkapooh5 1 in United States

taking this job thats about 45 minutes to an hour away. i live in texas

2007-08-21 10:33:35 · 6 answers · asked by jordynorr100 1 in United States

Please include sources for your answers. Thanks!

2007-08-21 10:32:19 · 11 answers · asked by Ask Mike 4 in United States

my car was taken ,so now they are garnishing my wages,but not just that they are charging interest ,but there is interest that was in lone,what to do?

2007-08-21 10:31:10 · 5 answers · asked by Anonymous in United States

can i reclaim if my accountant has done my books wrong, and is it possible to have a talk in person and not on the phone and also is there a web site which will calculate the correct amount so that i can confront them, also what happens if you are paid to much or to less. how is it actually assed.cheers paul

2007-08-21 10:23:43 · 4 answers · asked by Anonymous in United Kingdom

I work in California. Is there a department I can file a complaint in?

2007-08-21 10:07:20 · 6 answers · asked by Sharon 2 in United States

I recently took a supervisor position in which I was offered $30/hr. I was not told until after I started that it would be a salaried position and given a letter to sign ( I have yet to sign it ) that stated my income would be 62, 400/hr. I do have to clock in and out like everyone else and today was told it was expected it work 45 hours a week! This works out to just over $26/hr according to my calculation. I hate to cause problems this early in the game (I'm on my second week!!) but I feel I've been completely mislead and being taken advantage of. The original amount made sense with a 40 work week but I wouldn't have taken the job had I known it would be a salaried position in the first place. What's my question? Do I make sense here? Do I have the math right???

2007-08-21 10:03:57 · 5 answers · asked by bella36 5 in United States

Can you go to jail for two years ago claiming someone elses kid on your taxes and you don't remember their name and now that person is being asked did you claim anyone for that year. The kid's aunt wanted my friend to claim the kid on his taxes and give her the money. Now he is screwed cuz he can't remember the kids name it was in another state and if it shows up that he did claim this kid on his taxes and he is saying he didn't wow would that be fraud?

2007-08-21 10:03:30 · 5 answers · asked by biking for life 4 in United States