Taxes - August 2007

Cont'd ... I got my 1st unemployment check 8/10/07 and the unemployment office sent me a letter saying that that if I started this job I needed to claim it, but should I claim it for this week, I am worried that they will ask me when did I start, because my job stated my start date was 8/2/07, should I just say that I started 8/13/07, plz someone help, and if I claim this week will I still be able to collect money if I go to school and work f/t . I hope this makes sense !!! Thanks

2007-08-20 05:56:42 · 4 answers · asked by Queen_A 1 in United States

hi, Im thinking about buying a condo in Connecticut
but I work in NYC- does anyone know what the tax
penalty would be? I know I have to pay double tax
but Im wondering how much....

2007-08-20 05:48:14 · 3 answers · asked by Laura G 3 in United States

I have not filed taxes for 2004, 2005, and 2006. Recieved letter from IRS for change of address. I was scared not to file and the outcome was not filing for 3 years. Did estimated tax return for all 3 years and will owe approximately 12K total. Now the problem is, should I contact the IRS and work something out? Will IRS take total tax owed and do a combined payment plan? Should I contact one of those commericals to help? I would not be accepted for a offer in compromise, but want to get everything settle with IRS immediately so I can sleep at night. Please advise of what I should do first. What average fees would I expect to pay if I hired a tax attorney. I just really want to make things right but need direction on what I should do first.

2007-08-20 05:16:24 · 5 answers · asked by Anonymous in United States

I failed to pay the 10% penalty on the withdrawl and the financial institution did not report it. I am told that if they audit me I will be penalized.

2007-08-20 05:08:53 · 5 answers · asked by charlotte q 2 in United States

In specific; Provision for income taxes - State & Fedral is prepaid once every 3 months, Should I accrue the portion for each month? Is that possible and accepted by GAAP?! Please include any references!

2007-08-20 05:01:40 · 2 answers · asked by Accountant 2 in United States

2007-08-20 04:54:34 · 4 answers · asked by Anonymous in United States

2007-08-20 04:47:31 · 2 answers · asked by narivers2001 1 in United States

I purchased a rental property recently and have been doing extensive work to keep rent and maintain it. I have numerous credit card statements and milage records for work done. Do I need to somehow formally declare that I am running a business for the IRS? I will go over the standard deduction this year and wasn't sure if I needed to start a business or something. I am new to tax law and business, so the more detail the better. Thanks!!

2007-08-20 03:55:41 · 5 answers · asked by drf2684 1 in United States

Is it possible to amend my tx return fro2005- to change
filing status from joint filer to filing seperately.
This is just to see if a spouse can get rid of any
taxes due to other spouse

2007-08-20 03:39:14 · 3 answers · asked by kayyes 1 in United States

I have worked for a company for a year. and noticed they have taken pension payments out each month when i signed an opt out form, will I be entitled to this money back as i have also left this job now?

2007-08-20 03:24:10 · 3 answers · asked by catjam 2 in United Kingdom

He is now duducting about 12% and I have to dependents but my wife also works here and she is not putting any dependents and they deduct 12% off her check also. So what would be the point of me having 2 dependents. I have a feeling that they are doing something shady. Can you guys please help?

2007-08-20 02:47:59 · 5 answers · asked by Anonymous in United States

2007-08-19 18:53:06 · 9 answers · asked by Anonymous in United States

just ask quaetion , i need more of Debit the asset account, Credit a revenue

2007-08-19 18:29:31 · 1 answers · asked by Meili Wong 2 in Other - Taxes

Hi i am having my pay garnished by a marshall and i want to pay the whole thing off in one shot so they can get their hands out of my pocket but when i call the marshall and ask how much they've been paid they state they recieved less than what my job reported they paid out so far. I dont want to pay these guys 1 penny more than i have to. Should i just hold on to my money and let the garnishment take its course? or should i just send the check with the diffrence according to what my job shows has been paid. I know the longer this garnishment lasts the more intrest accrues. Any help or info on a course of action will be greatly appreciated.

2007-08-19 18:25:41 · 5 answers · asked by mrdrproffesorcrayon 1 in United States

I was working as a waiter in London for more than a year, i have my payslips with me and another form called Psomething jejeje.. i heard that i can claim my taxes 'cos i´m in my country now, d'you know the correcto procedure to follow in order to receive my taxes back? even though i'm in Mexico right now


Cheers!

2007-08-19 17:02:07 · 3 answers · asked by SLOw_mOTION 4 in United Kingdom

We recently went through a dramatic job loss and lost 2/3 of our income. We are barely able to keep food on the table after we pay out our bills each month. We have consolidated as much as we can. We both currently claim 0 on our w-4 tax forms, so is it worth changing these forms to claim 1 (since we do have a dependent anyway) to free up a little more money each month? I realize we will get less back on our tax return at the end of the year. I just want to make sure we wont OWE any moneyeither. We do own a house also. We live in Colorado (if that makes a difference)....Thanks for any info or advice :)

2007-08-19 16:59:10 · 5 answers · asked by tristalelyn 1 in United States

Last year my family received a large tax return- My husband is in the Army and doesn't make much money and he claimed myself an our 2 kids. This year I'm not sure what will happen bc he is deployed to Iraq and they didn't take taxes out of his check... How will I know if I get a return or not-I think we have gotten around 1300.00 this year with 2 kids and I dont work
Thanks

2007-08-19 16:39:57 · 3 answers · asked by ME :) 2 in United States

It crazy.. Income tax, property tax, taxes on all your fuel and purchases... what percentages do average people pay ... do they get to spend any of there money

2007-08-19 16:31:50 · 9 answers · asked by Anonymous in Other - Taxes

I've called them and they said if u don't hear from us in 45 days call again can they make u wait this long

2007-08-19 15:40:58 · 3 answers · asked by prettyrose 2 in United States

if a potential employer does a background check will a federal tax lien effect it?

2007-08-19 13:07:20 · 4 answers · asked by Anonymous in United States

looking for this information on a friend's behalf. how do i show that this was paid with the income tax refund. no paperwork available.

2007-08-19 12:42:49 · 2 answers · asked by iheartmerrymanor 2 in United States

Im wanting to go back to college, but you have to fill out your parent's tax stuff on the FAFSA. Thus making me ineligible for grants, even though they live in another state and have for over a year.

I have been living with my boyfriend for almost 2 years now. This year, I worked part time Jan & Feb. I didnt work March-Mid August. He has been working full time. I will start working about 20-30 hours a week now.

Can he claim me as a dependant? If so, should I put "0" under my W2 and he puts "2"?

2007-08-19 11:35:46 · 9 answers · asked by I Love My Kitties 5 in United States

What happens if you owe money to the IRS (backed taxes, for example) and declare bankruptcy? Will they still come after you and hunt you down? Will they hold on to that money like a starved Chihuahua on a pork chop?

2007-08-19 11:34:59 · 7 answers · asked by zaxxon 3 in United States

What if, in the hypothetical case, I cashed my 401K, paid nothing to the IRS and ran away to a foreign country to never come back to the US?

2007-08-19 11:33:14 · 3 answers · asked by zaxxon 3 in United States

2007-08-19 10:18:39 · 8 answers · asked by Rach 3 in United Kingdom

for example, i buy a condo for $130,000, and sell it for $180,000;do i pay the 15% on the $180k, or on $50k?

2007-08-19 09:44:50 · 5 answers · asked by svelte_steve 1 in United States

I'm trying to calculate about how much I'll make in a month, AFTER taxes, making 6.85/hr, 25 hrs a week. Where can I find information on Denver's percentages?

2007-08-19 08:42:30 · 3 answers · asked by Anonymous in United States

when my mother passed away i was left a house that i rent out if i sold it id have to pay capital gains tax on the amount above the areed valuation.ive been told that if i moved into the dwelling and lived there for one year that tax would not be payable if i then sold it......is this true

2007-08-19 08:36:09 · 3 answers · asked by steve j 1 in United Kingdom

2007-08-19 08:25:33 · 5 answers · asked by lucindalyman 1 in United States

and can i just let them take it out of my return for the upcomming year?

2007-08-19 06:43:22 · 8 answers · asked by Anonymous in United States