Taxes - August 2007

I make about $18k a year.. I am single and am not claimed by anyone else as a dependent. I want to just about break even, or else get a small refund or owe less than $300. I don't want a large refund. Thanks

2007-08-14 14:12:55 · 3 answers · asked by eyerotten 3 in United States

I'm trying to see if there is a way to get out of this Social Security BS. However I'm not sure if its possible to do this.
I don't work for cash and I'm not a capitalist.

Any ideas?

2007-08-14 14:00:47 · 12 answers · asked by Ram 2 in United States

I got a letter today that the IRS didn't get a return from me in 2001 and I now owe over $6,000 in penalties and interest from over 6 years ago.

I have filed every year since and because I have a child, have gotten refunds each year too. My question is how can they do this? Wouldn't a missing refund be caught in the 6 intervening years? And why am I being charges thousands for interest and penalties even though this is the first notice I've gotten about this?

Ugh......help please.

2007-08-14 13:04:36 · 4 answers · asked by akgirl 5 in United States

My employer used to contribute to a 401(a) retirement account with TIAA-CREF. I am an Alien in the United States and I am about to go back to my home country. If I withdraw from this retirement account next year, how much tax will I have to pay, assuming I will have no other income from US next year

2007-08-14 12:14:19 · 2 answers · asked by chikkus 2 in United States

My house is paid for, no mortgage, and I'm looking to buy a car via a nome equity loan. Is this tax deductible?

2007-08-14 12:01:13 · 4 answers · asked by Kevin A 1 in Other - Taxes

2007-08-14 11:32:26 · 4 answers · asked by Gucci 2 in Other - Taxes

2007-08-14 11:32:08 · 2 answers · asked by Gucci 2 in United States

I have a friend, who recently had100% of his paycheck garnished because he owes back taxes. He needs to find a tax service that will be able to file both his taxes for 2005 and 2006, so he can get things in order to pay the IRS back and not have all of his check taken away.

I've decided to help him but this is turning out not to be an easy task. I can't seem to find a service that will do this for him.

If anyone knows of a tax service that can get this issue resolved for him either online or somehwere in the Fort Worth, Texas or North Richland Hills area of Fort Worth please respond back.

Thanks!

2007-08-14 11:16:31 · 7 answers · asked by Gemini23 4 in United States

Under what conditions are the payers of a sweepstakes required to withhold income taxes?

2007-08-14 10:50:19 · 1 answers · asked by RUSerious 7 in United States

How can nearly all of the candidates for President (not to mention also most of those who are in Congress) possibly *not* realize that ALL of the complex problems associated with federal taxation would be eliminated FOREVER (and overnight!) by replacing the IRS with a National Sales Tax? It would be 100% fair to everyone, and the government would still glean just as much revenue. (And -- the people would have ALL of their income available to spend, as they chose. Which would make them wonderfully happy and content.) It's THAT easy!

2007-08-14 10:49:29 · 12 answers · asked by Anonymous in Other - Taxes

I have an online store based in Ga. We want to be able to sell to all of the contiguous United States. I need to know how to charge sales tax. If someone in any other state orders from us, do we have to charge sales tax? If so, what tax rate do we charge? Should we just charge tax in every state?

2007-08-14 10:44:45 · 2 answers · asked by jeremy 1 in United States

that requiers you to pay income tax now knowing that is there any way to get away from paying that income tax avery week on your pay check?

2007-08-14 10:24:30 · 10 answers · asked by Anonymous in United States

A friend of mine owns a small company and got behind on payroll taxes. He entered into an agreement with the IRS to pay monthly. He has kept his agreement for almost a year now without missing a payment.

Now he received a bill to him personally stating that he owes the amount of payroll taxes as an individual. Does he owe the payroll taxes twice? The agreement on behalf of his company includes the payroll taxes.

2007-08-14 09:52:45 · 9 answers · asked by Wes W 1 in United States

2007-08-14 09:35:17 · 6 answers · asked by James W 3 in United States

2007-08-14 09:32:20 · 5 answers · asked by stn4lyjh 2 in Other - Taxes

My wife is quitting work for good in December when we have our third baby. We're then planning on cashing out one of her IRAs that she had at her original job to pay off our car and a smaller home loan. She now works 3 days a weeks and she'll make about $40,000 this year. Next year having quit her job she'll obviously be making $0. Will it be better to cash out the IRA in January of next year or in December of this year? Will it make a difference?

We figure we'll need to pay about 25% in taxes plus the 10% penalty. It's my understanding that they'll withhold that from the distribution up front and then you just claim the total on your income taxes at year end, is that right?

2007-08-14 09:29:58 · 5 answers · asked by Fred M 1 in United States

Is a US manufacturer required to send a document (like a 1099 or whatever it might be called) to the IRS when a non incorporated, small business purchases a large ticket item ($30k)?

2007-08-14 09:23:39 · 5 answers · asked by jay6196 1 in United States

2007-08-14 09:21:55 · 6 answers · asked by jhyne21 1 in United States

2007-08-14 08:23:04 · 4 answers · asked by Curtis S 1 in United States

I was going through a Divorce, had a second job that, unknown to me, wasn't taking enough tax out. I was unaware of the problem and the law and now I'm stuck owing Uncle Sam for the first time in 40 years. I want to pay what I owe but the rest is killing me. I can't afford a lawyer, see above 'divorce' - lol.
thank you.

2007-08-14 08:20:21 · 7 answers · asked by ioio 2 in United States

My pay from the job has been gernished and I need to know who to contact to resolve this or question and fight it. Its a garnishment due to tax warrants. Also it has to be from the state of indiana.

2007-08-14 08:08:53 · 2 answers · asked by Anonymous in United States

If I have only one job and no one can claim me as a dependant, I am single, Head of house hold, and have one dependant,

how may allowance do I put on the w-4
?

2007-08-14 07:13:47 · 3 answers · asked by Katheirne R 1 in United States

2007-08-14 06:59:43 · 9 answers · asked by donnatigra 1 in United Kingdom

on the w-4 is it okay to claim my self, Single, head of house hold, and one dependant? or does claiming my self exempt me from of the others?

2007-08-14 06:40:15 · 3 answers · asked by Katheirne R 1 in United States

I have no idea how this works or what's best. The thing is my husband and I both work and we earn pretty ok money.. he says I should tell the payroll dept i want to claim our baby as dependent so they wont take so much money put of my mo. check. Can I do that? what are the pros and the cons? I always thought it didnt matter cause then on income tax were gonna recieve less...but he says we need it the money more throughout the year? What is better? What gives me more money??? thanks.

2007-08-14 06:29:21 · 9 answers · asked by Lorena 3 in United States

2007-08-14 06:18:22 · 4 answers · asked by gemagers@sbcglobal.net 1 in United States

All children have left home, would go abroad and set up new life. would also leave kids some money and the wife a substantial amount for her, everything else I would leave.
Would, or could she access my personnal
bank account and take out my funds? I have a joint mortgage with about 10 thousand excuity. I also have a pension of 8k a year. Any advice would be greatfull

2007-08-14 06:16:30 · 14 answers · asked by Anonymous in United Kingdom

I am recently receiving 1099 from my boss as a medical biller. I don't have a car and I didn't register for a corporation. I would like to know what can I used for deduction under 1099? And what percentage they can used for deduction? How about rent and food? Thank you~^^~

2007-08-14 06:04:26 · 4 answers · asked by Joyce ^^ 1 in United States

At the end of the year.

2007-08-14 06:04:00 · 5 answers · asked by Anonymous in United States

2007-08-14 05:29:36 · 6 answers · asked by lalively3 1 in United States