Taxes - August 2007

Hi everybody,
I'm filing married joint w/ my wife (first time doing this) on a 1040A. Anyway, for standard deductions of 10,300 do I subtract that from my salary, then subtract it from her salary, or do I add both our salaries and subtract 10,300 only once? Same question with exemptions (6,600 once or twice?)
Thanks,
Scott

2007-08-16 13:21:32 · 7 answers · asked by roxanne 1 in United States

If you make more every year and continue to keep the same number of deductions will your income tax return increase or will it go down??

2007-08-16 12:45:37 · 7 answers · asked by Chandra B 1 in United States

can they find out who turned them in and hurt you?

2007-08-16 12:36:33 · 6 answers · asked by debbie2243 7 in United States

When you withdrawl it to move out of state or something, does the government still keep 25% of it, or do you get it all since you paid it in

2007-08-16 12:18:01 · 3 answers · asked by Anonymous in United States

references please?

2007-08-16 11:58:46 · 5 answers · asked by prime 2 in United States

2007-08-16 11:56:10 · 4 answers · asked by brownlove2000 1 in United States

How much will be on average deducted from my paycheck to include federal taxes, income taxes and any other taxes in NC? In Texas we do not pay state income tax so my check is "bigger" than NC all things equal. 20%, 30%? Help?

2007-08-16 11:34:43 · 5 answers · asked by esgrimistanaval73 2 in United States

I finished working in debenhams last year and they sent me out a P45 once i finished, it says on it total pay - 1166.16
Total tax - 256.30

What do i do with this, does it mean i can claim that tax back?
i am 20 at university, i do not currently have a job and havent had one for about 3 months, but i am looking to get one very soon,

What is this P45 and what do i do with it?
thanks.

2007-08-16 11:02:54 · 1 answers · asked by Anonymous in United Kingdom

i have been looking in local newspapers and would like to know more information on how the process works

2007-08-16 10:55:30 · 3 answers · asked by mgbuild2005 1 in United States

This was my original question.

http://answers.yahoo.com/question/index;_ylt=AmhSaGFpmjVO3rmAJcf2s_vsy6IX?qid=20070430155539AAFfDHI

Well, I have finally received my return after sending them a bunch of crap. My question now is will I have to do it again next year or is my record clean?

2007-08-16 10:27:54 · 4 answers · asked by Dai 2 in United States

1) The 16th was not ratified
2) 26 U.S.C. § 1 does not ever mention tax on a person's labor.
3) The definition of Income from a 1040 booklet is Foreign source income.
http://www.irs.gov/pub/irs-pdf/i1040gi.pdf Look at page 22.

Also if you look at what to enter on line 7, it says wages, tips, salaries.... If a joint return enter your spouses INCOME.

Well my spouse has no income because they have not Foreign source income.

As for being part of the constitution, my freedom of religion is Christianity. Jesus asked peter from who do the kings of the land collect taxes from it's own sons or foreigners?. Peter replied "From foreigners".

Can't my freedom of religion keep me also from paying INCOME taxes.

And yes, I know, I know, they'll come and get me anyway and bring me to jail etc etc. That's called extortion BTW which is illegal.

2007-08-16 10:05:33 · 11 answers · asked by Anonymous in Other - Taxes

I would like to take care of two children in my home for some extra cash. I'm not licenced, and was wondering if I have to do taxes on the cash i make and how much do I deduct a month for taxes? I'm in Vancouver, B.C. Canada.

2007-08-16 09:32:19 · 4 answers · asked by Anonymous in Canada

he wants a cut of the money i try to earn for my 4 kids... already been to court got a decree against me cant afford it. why does the gov. try to put me down so often...i work look after my kids still married but the gov. is still trying to hurt me
Help me please

2007-08-16 09:26:17 · 5 answers · asked by james845257 2 in United Kingdom

Please advice.

Thank you.

2007-08-16 08:54:00 · 2 answers · asked by E u g e 1 in Other - Taxes

I pay for my own gas and travel expenses for work. I also had to buy tools and a GPS. What percentage of that will I get back when I file my taxes?

2007-08-16 08:39:47 · 8 answers · asked by flower child 3 in United States

WHICH IS BETTER? RIGHT NOW MY BOSS PAYS ME WITH A COMPANY CHECK...THEY DON'T TAKE OUT ANY TAXES SO YEAH, I REALLY LIKE IT....BUT WILL IT BENEFIT ME AT THE END OF THE YEAR? I HAVE TWO KIDS AND I KNOW THAT WITH A W-2, IT ALL PAYS OFF AT THE END OF THE YEAR LOL. CAUSE THEY TAKE OUT ALOT DURING THE YEAR! LOL

2007-08-16 08:22:44 · 6 answers · asked by Cali0718♓ 2 in United States

My brother died about 2 weeks ago, and a couple days ago we all began settling the death benefit and all of the paper work, and so on. He was a Marine, so that's why it was such a big amount. My brother assigned my mother to be the beneficiary if anything ever happened to him, and it did. I heard that sometimes, a check can be taxed over 40%, which is outrageous. In a few weeks, my mom will recieve the $400,000, at which she was planning on writing out a check of $397,000 ish to give to his now widdowed wife, keeping $3,000 to pay for a few extra funeral costs. By default, she was already given $100,000 simply for being his wife. When she gets her half a million, will she be losing 40% to taxes? That's a $200,000 loss, simply by taxes. That's enough to survive 7 years if your smart about it, and they cannot take that much away. She has a 2 month old baby now too. Is there a method of transfer that doesnt show up on income tax, or something? I hope you guys can help! Good luck!
-Andrew

2007-08-16 08:12:06 · 8 answers · asked by College guy 2 in United States

I got an increase in pay, but the amount they're taking is rediculous! I am single and claiming "3" on my W4.

1. Is this normal and correct?
2. Will I get a lot back when I file my taxes?

2007-08-16 06:53:11 · 8 answers · asked by twiggy 2 in United States

2007-08-16 06:24:41 · 5 answers · asked by Antonio R 2 in United States

I am single, no children, and I make $38,500 a year. What tax bracket does that put me in and what does that mean?

2007-08-16 06:08:41 · 3 answers · asked by utopian_wildfire 1 in United States

2007-08-16 05:45:21 · 5 answers · asked by maudiedeann 1 in United States

I claimed our child for 2006.

2007-08-16 05:29:35 · 13 answers · asked by oythebumbler 1 in United States

My estranged spouse claimed head of household for tax year 2006 and I claimed our child. She states that we will alternate this arrangement after the divorce, how does this work since it seems that you must claim the child in order to claim the head of household status?

2007-08-16 05:19:59 · 4 answers · asked by oythebumbler 1 in Other - Taxes

2007-08-16 04:51:12 · 10 answers · asked by qtzully 1 in United States

Here it is a question regarding for the tax, last year, I hired a seasonal worker for me, and paid about $1200 for him, but since he is only working for about one month, I forgot to mention this to accountant, and no 1099 was filed.
Recently, I like to hire him back again, and ask him whether he filed tax return last year, he said he did, I think I may need to give him a 1099, but can not find anywhere.
Question is, can I still file 1099 for him ( for year 2006), if I can, what kind of procedure I should go through, is there any kind of penalty from IRS and state (NY state) ?
Thanks.

2007-08-16 04:41:58 · 2 answers · asked by nyeastufo 1 in United States

Can a stock loss dbe deducted from anyother intrest gain?

2007-08-16 02:41:18 · 4 answers · asked by Anonymous in United States

I am thinking of starting a small in home business. I would only make about $15,000-$20,000 per year. How much would I have to pay to taxes on that? I know that I could keep my receipts and use those as deductables, but please dont include that in your answer, just let me know about how much I would have to pay out at the end of the year. Thanks yall!!

2007-08-16 01:30:22 · 8 answers · asked by Katie 2 in United States

I am 66. Retired UK citizen. What might I pay for medical insurance. What Taxes would I be liable for. For example would I pay tax on world wide income, investments , pensions. Thanks

2007-08-16 00:30:59 · 5 answers · asked by michael m 1 in United States

I work with a lot of clients who have dementia/brain injuries, etc. I often need financial info., preferably tax info. I am not sure if i call the IRS that they can give me the info. I also don't want my clients to be investigated if they havn't filed. Any suggestions??

2007-08-16 00:08:19 · 5 answers · asked by MrsMaltz 3 in United States

2007-08-16 00:04:44 · 4 answers · asked by Anonymous in United States