Taxes - August 2007

What kind of things do they check?

2007-08-13 13:46:38 · 4 answers · asked by wuwu 2 in United States

Is it part of the employees wages, or does it get taxed differently?

2007-08-13 13:44:04 · 7 answers · asked by Dan S 2 in United States

I received a "proposed change" to my 2005 taxes. It included additional tax, payment decrease and interest charges. It contained an amount due if paid by 7/25/2007.
I paid that amount and the check cleared on 7/20/2007

I received another notice saying I now owe a "penalty for late payment since prior notice" of my original taxes 15months @ .5%.
why wouldn't this have been included on my original notice?
Do I owe this, especially since I paid the full amount they originally said I owed by the date they said?

so dam* frusturated

2007-08-13 13:07:24 · 4 answers · asked by mcastron 2 in United States

Is this possible? My father received $80k from the sale.

2007-08-13 12:36:04 · 13 answers · asked by irolg 1 in United States

Im fillin an RFQ for a company and in a section they ask me for the burden cost.

Can anyone tell me what is a burden cost? or what does burden means?

2007-08-13 12:26:06 · 6 answers · asked by Pierrot 2 in Other - Taxes

So if the guy that caught that 1million dollar baseball, and decides to keep it, and then dies, would the irs tax his estate the 35% of the 1million? What if he lost the ball? What if it wasnt worth anything anymore, only the 1 dollar walmart price? What if he sells it to his freind in another country who isnt a us citizen for 1 dollar? Will they tax him 350k for that 1 dollar he made?

2007-08-13 11:26:54 · 1 answers · asked by Anonymous in United States

Ok, I have an LLC with a dba on a retail store (California). I'm looking into completing the sale in the next 2months. I read somewhere that a business can be sold as the LLC as a whole, or be sold as assets being broken down. Is that true and if so, is the advantage in selling the entire LLC really at a 15% tax vs 33% tax braket?

Are there any tips in lower my capital gains tax on ($700k selling price). Meaning can I invest that gain into paying off my $400k mortgage and only have to pay taxes on the $300k or even buying a second home with $500k down and pay taxes on $200k?

2007-08-13 11:21:42 · 4 answers · asked by aH D 1 in United States

Besides paying the IRS $39 for them? A friend of mine did them for me and I can't find them anywhere and do not want to pay 40 bucks to get a copy.

2007-08-13 11:21:31 · 5 answers · asked by Anonymous in United States

my boss was bought out by the company and today they "let me go" for no reason, I was making 1,150 bucks a pay check every two weeks, i know not allot but im 20 years old. I have been with the company about a year and i just had a baby and they said they are going to give me 4,000 severance. Can i still get unemployment?

2007-08-13 11:13:29 · 2 answers · asked by nicole k 1 in United States

Or a good average for Massachuets?

2007-08-13 10:44:59 · 1 answers · asked by ingsoc1 7 in United States

2007-08-13 10:44:51 · 5 answers · asked by jmitc3 1 in United States

When selling AVON, what are the requirements or earnings amount for having to claim the earnings on your income taxes?

2007-08-13 09:58:03 · 4 answers · asked by Anonymous in United States

I thought it was usually around 20%? Is there anything I can do to withhold less?

2007-08-13 09:47:49 · 8 answers · asked by grandmasterlau 2 in United States

If we replace income tax with a national sales tax then evebody would have 2 pay and employers wouldent have to deal with all the costs of accountants for there income tax stuff plus nobody could cheet and hide from the goverment. what do u think?

2007-08-13 09:36:25 · 9 answers · asked by abbss28 1 in United States

What would be the tax rate and when do i have to report this?

2007-08-13 09:30:01 · 2 answers · asked by Anonymous in United States

i will make approximately $80000 at the end of the year.. i have 2 kids and paying for daycare 1000/month... my husband/soon to be ex owns a home and we paid for the house monthly in half but the loan is under his name.. if i continue being tax exempt at the end of the year, how much do you think i will owe the government at the end of the year i file alone without my husband?? i just cant afford paying 2000/month on tax right now..... what should i do...

2007-08-13 08:36:31 · 5 answers · asked by sunstars 2 in United States

My boyfriend recieved a packet in the mail from the irs saying he owes 1200.00 for failure to file in 2001. 2 problems arise from this. One he was in the military for most of the tax year mentioned and two he never recieved a W-2 for the 2001 tax year. He served over 5 years in the navy, was in a tax free zone for at least a month. He has filed taxes for every year but this one. Had he been able to file for 2001 ( gotten his W-2 ) he would have gotten a refund. Can anyone give us suggestions on how to handle this? Thank you for helping

2007-08-13 08:27:16 · 10 answers · asked by butterfly02012001 2 in United States

i work full time and i get paid on the 1st and 15th, my check before taxes is 720 so how much gets taken out each pay period?

2007-08-13 08:24:33 · 4 answers · asked by Anonymous in United States

i am trying to find info on inhertiance tax and can't find any straight answers does someone know what kind of tax this is and is it in all states or just certain ones

2007-08-13 08:23:08 · 5 answers · asked by Betty R 3 in United States

For example, if I'm given a check for $3,000 what would determine the rate I'm taxed at. I know I'm taxed at a higher rate as the amount of the check goes up, but how is that bracket determined?

2007-08-13 08:15:05 · 5 answers · asked by MetalHeart 4 in United States

i am working as an apprentice carpenter on the minimum wage, should i pay tax on this

2007-08-13 07:46:53 · 10 answers · asked by Anonymous in United States

2007-08-13 07:26:54 · 10 answers · asked by f150 2 in Other - Taxes

I started a new job May 1st where I work from my home office. I'm a Sales Director and my corp office is in Phoenix. My company already pays for my landline phone and high speed internet service. I am being told that I can write off part of my mortgage as well as my utility bills. Other than telling me to talk to an accountant I am looking for some quick answers. Thanks!

2007-08-13 07:13:31 · 15 answers · asked by Emily B 1 in United States

2007-08-13 06:57:41 · 2 answers · asked by Brenda H 1 in United Kingdom

2007-08-13 06:42:12 · 4 answers · asked by sting22 2 in United States

2007-08-13 06:31:16 · 4 answers · asked by LostKoss 1 in United States

My situation is the following: i owe about 16,000 to the IRS from 2005, and about 1800 to the state franchise board due to a family emergency we had in 2005, because of my parents health i need to leave to my country of origin to take over my family's small business. I might be gone for 1 or 2 years, maybe even longer , i cannot pay this money at the time, so i am thinking of going into bankruptcy , what will happen , do i still need to pay them after ? Im lost what will happen? this is a first for me"

2007-08-13 05:28:09 · 6 answers · asked by lobito 1 in United States

2007-08-13 05:26:53 · 2 answers · asked by Alexandra H 1 in Other - Taxes

the state in which you live at the very end of the year?

2007-08-13 05:24:59 · 3 answers · asked by Anonymous in United States

I have not filed taxes for the past 2 years and claim 9 on my taxes. I make roughly 60K a year. Can anyone help me out as to what I might owe? What items the IRS can get me for? Can I go to jail? I am not a homeowner but want to get everything taken care of ASAP.

2007-08-13 05:24:54 · 4 answers · asked by Jason J 1 in United States