Taxes - August 2007

Is there anything they can't take or do? I have a friend you had a contract job and they only took out state and she didn't know that. Now she's in debt for 6k. Do they look at your assets or just make up a payment shedule based on a salary she can hardly live on now? Is it better to ignore it and figure she's better off not getting involved with them?

2007-08-21 08:43:18 · 7 answers · asked by hb12 7 in United States

Do you have to make a certain amount of money? How much?

2007-08-21 08:26:28 · 5 answers · asked by Anonymous in United States

Situation: A boyfriend and girlfriend have been living together for less than one year. The two children do not belong to the boyfriend. They are the girlfriend's children. When it was time to file for '06, the boyfriend claimed both of the children (with gf's permission) on his tax form. Is this legal? Do you know anyone who has done this & then the IRS wanted the BIG refund back?? Is there a website that would say if this is legal? I searched on the IRS website but did not see anything. Thanks for your help!

2007-08-21 07:19:06 · 11 answers · asked by ? 3 in United States

How come when we have a capital stock gain we get taxed on the entire amount in one year but when we have a capital loss we can only claim $3000/year and carry the rest over to following years?

2007-08-21 07:13:45 · 7 answers · asked by dhnsdca 2 in United States

if i made $100 million, and tax is 35%, that means i loose $35 million, how do i keep the $100 million?

2007-08-21 07:09:56 · 9 answers · asked by Zebra S 1 in United States

I closed inMarch, and the mortgage company said that I would have to pay 5 months prepaid property tax upfront and pay into an escrow account every month. So, I have basically already paid for 10 months of property tax, but when it is due, there will be a bill for 6 months of property taxes, and an impound account with 11 months of property taxes already paid. So, id the mortgage company supposed to pay me back the extra money, or do they just send all the money in for property taxes, and I get the refund from the city. I just dont know how it works.

2007-08-21 06:46:46 · 8 answers · asked by joey 1 in United States

I read that the UK is a tax haven and it does not tax money that you make from overseas, I will be getting a dual citizenship soon and want to retire in the uk.

2007-08-21 06:06:29 · 1 answers · asked by shark e 1 in United Kingdom

For tax purposes? Like i bought a lunchable today at the grocery store to eat while waiting on my financial aid person. Can i use that for taxes? Or if i buy grocerys and make lunches for school? I am talking about college, by the way. Thanks

2007-08-21 05:12:38 · 5 answers · asked by Anonymous in Other - Taxes

Hi.. The time has come for my wife and I to move in with my mother. My father is in a nursing home and my mother is not coping well. She's still moderately capable, but tired, sick and confused. They want us to give the home to us and count on us to take care of my mother. I've heard of a "co-habitant with survivorship" document and living trusts, but really know little about them. Has anyone "been there, done that" that could offer some advice? Thanks ron

2007-08-21 04:10:57 · 4 answers · asked by Anonymous in United States

Is it true that US corporations declare their profits in Ireland to avoid paying higher tax in the US, and is it true that the US govt. would like to see Ireland raise corporation tax rates?

2007-08-21 04:05:05 · 3 answers · asked by Anonymous in United States

also, what is an estimate of how many people paid personal income taxes?

i am trying to figure out how much each person would have to pay if it was a fixed number.

2007-08-21 03:19:54 · 3 answers · asked by Anonymous in United States

2007-08-21 03:04:04 · 5 answers · asked by Anonymous in India

i just got married and changed my name

2007-08-21 02:53:47 · 5 answers · asked by Nancy 1 in United States

I really need to help of a CPA for upaid taxes for 2005/2006 1099's. How much does it normally cost to retain a CPA's help?

2007-08-21 02:41:25 · 3 answers · asked by wondering247 3 in United States

I work 40 hours a week

2007-08-21 02:28:46 · 12 answers · asked by thatwasme_then87 2 in United States

year?I only had to take my check stub in and got a 500.00 loan.I live in wisconsin

2007-08-21 02:23:14 · 8 answers · asked by sassy 1 3 in United States

do not confuse with the Flat tax.The FairTax Plan is a nonpartisan national grassroots campaign to replace the federal income tax system with a progressive national retail sales tax. It provides a "prebate" to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement and, through companion legislation, repeal of the 16th Amendment. http://www.fairtax.org/site/PageServer?pagename=about_main

2007-08-21 02:16:21 · 3 answers · asked by Anonymous in United States

I never understood why people who have no kids pay more taxes than people who do. People who have kids actually get tax credits for each child they have and essentiallypay less taxes. Does this even make sense? They take more out of the system but put less in.

How about the Death Tax...? Its not even remotely fair that people who inherit money have to pay taxes on it. The taxes was already paid by the deceased, so the inheritor must now pay additional taxes.

Its all about creativity to screw people out of more tax dollars.

What do you think?

2007-08-21 01:47:57 · 7 answers · asked by Paul 6 in United States

Bought some equipement in Nov 2005 to be used in my business which started trading July 2006.
Can I claim the apportioned amount for 2006/07 useage at 40%?

2007-08-21 01:46:59 · 3 answers · asked by Spaceman 2 in United Kingdom

Still Dont understand Dividend Tax credit system??
Hi can you help clarify how I would work out my income and tax liability as a director or a ltd co,

If I were to invoice for 5k a month and trade through my own LTD company –

my turnover for year is 60k
expenses for year are £4800
I pay myself a salary of 5225k
So net profit before tax is £49,975
Ctax – 20% = £9995

Dividend left for me is £39,980

£39,980 how would I work out the tax I need to pay on the dividend as there are brackets

10% below £34,600 and 32.5% above £34,600..

Can you help me understand the tax credit system -

how much dividend tax do I pay ?
How did you work it out?
Is my £5225 salary taken into consideration and added to dividend to work out final tax bill?

2007-08-20 23:10:38 · 3 answers · asked by jason c 1 in United Kingdom

Let's say I start a company. What are the tax advantages to taking out personal loan from my company (paying myself)? Buying a car and/or a house under the company name?

I don't have to pay PERSONAL income taxes on loans right?

curious...

2007-08-20 22:34:55 · 1 answers · asked by dsonoma 1 in United States

give money for good job !

2007-08-20 20:25:33 · 2 answers · asked by Anonymous in Other - Taxes

2007-08-20 19:38:25 · 2 answers · asked by Anonymous in United States

Ok, I know absolutely know nothing about taxes whatsoever but could I file taxes even though I don't work and don't have any real income coming in? Me and my bf aren't married so from what I hear he can't claim them because they aren't his biological kids. Who can claim them? Their real father can't because he's not in the country anymore. I live in Indiana, if that makes any difference.

2007-08-20 18:16:26 · 5 answers · asked by kendra9_15_2005 2 in United States

paying your taxes? i haven't paid them in years, but i think the irs is onto me.

2007-08-20 17:33:30 · 9 answers · asked by FOOTBALL 1 in United States

My boyfriend and I just opened a joint ING savings account and he was wondering if we will have to pay taxes on the interest earned through this type of account or that we will have to claim them on our taxes at all. Any information will be greatly appreciated, thanks so much!

2007-08-20 16:50:08 · 3 answers · asked by Isabella's Mommy Expecting #2 6 in United States

From New Jersey but now live in Atlanta, what are some good house music records such as "Follow me" by Aly-Us or the sone "White horse". New and old house music. Please give me any song titles, albums, websites, the more the better. Now, im looking for the hip hop style house music, im only 24 years. Another song i cant think of the name took the "bust your guns" sample from the Ruff Ryders Volume 1 album with Drag-On and Juvenile. Thanks ya'll, be safe, stay positive, and God Bless.

2007-08-20 16:36:44 · 2 answers · asked by Gods Son 2 in United States

I came to US and started working at age 55, there is no way I can collect 40 points by my retirement age. Will I get any social security benefit when I retire? How much would it be approximately?

2007-08-20 16:24:26 · 1 answers · asked by Speedious 2 in United States

2007-08-20 15:52:22 · 2 answers · asked by sugee 1 in United Kingdom

I live in Arkansas, if that matters.

2007-08-20 14:32:50 · 6 answers · asked by Anonymous in United States