Taxes - August 2007

oh and I also want to know is it possible to get paid in cash or is it illegal??

2007-08-29 10:31:58 · 5 answers · asked by Nana 1 in United States

My employer eliminated my position two months ago.Now they posted the same position.I plan to reapply.If I do not get hired am I eligible for unemployment.
My last pay check from them is this week due to our contract.

2007-08-29 10:26:33 · 4 answers · asked by Anonymous in United States

My girlfriend has been offered a job making $42,000 a year. We need to know what she can expect to pay in federal, FICA, and state taxes (Virginia) to get an estimate of her bring home pay? Single, no children...Help!

2007-08-29 10:16:22 · 4 answers · asked by JMUMA 1 in United States

I'm a college student at CSUF and I took some loans. Would loans be applicable towards my 2006 Taxes? If so would this be a Schedule D that needs to be filed?

I can really use this help because I'm trying to get some Financial Aid and I only made about $17k last year for three months. Please contact me.

2007-08-29 09:41:20 · 5 answers · asked by Vince007 1 in Other - Taxes

My question is..I am thinking about selling a house and want to know if I have to pay capital gains tax. I used to live in the house, then starting renting it out. From what I know, if you lived in the house 2 of the past 5 years (which I have), you can avoid the tax. But...since I have been using it as a rental house the past 2 years, is that going to require me to pay a capital gains tax if I sell?

2007-08-29 09:37:07 · 5 answers · asked by TB28 2 in United States

I just sold my house and recieved $363000 check.
I am a single and paid $70000 down payment so my taxable amount is $43000. How much do I have to pay tax for this gain?

Is there any way to save on tax? I am self-employed and run a small cmopany so my salary is low. Can I use mortgage interest amount paid when I was paying my mortgage for my previous house?
I am a renter now and I won't be buying any house for a while.

2007-08-29 09:00:49 · 7 answers · asked by Anonymous in Other - Taxes

If I don't get company health benefits and I am paying my own premiums which with other medical expenses exceed 7.5% of my Gross Annual Income, am I correct in assuming I qualify to write them off.

2007-08-29 08:58:01 · 4 answers · asked by DoorWay 3 in United States

2007-08-29 08:24:10 · 7 answers · asked by mleach62 1 in United States

My friend has been on workman’s compensation for the entire year. Does he have to pay taxes on the workman’s comp income? Where does that income go on your 1040?

2007-08-29 08:08:33 · 2 answers · asked by Solutions 2 in United States

My daughter is 16 and is now working part time. Can I still claim her as a dependant.

2007-08-29 07:46:27 · 8 answers · asked by eagleman 4 in United States

I know you can give someone up to $10,000 a year as a gift. But how much if you gave $150,000? Would it be considered income an the standard income taxes apply, or are the taxes different on large cash gifts?

2007-08-29 07:10:11 · 9 answers · asked by chef4133 2 in United States

I spoke with an accountant and she said " the ball is only worth what it costs at the store and until the guy sells it for whatever price, he should only be taxed on that, the original cost. So, I don't get it. Who's right?

2007-08-29 07:09:35 · 4 answers · asked by Castlebeach 3 in United States

Threatned

2007-08-29 06:44:52 · 4 answers · asked by Anonymous in Other - Taxes

2007-08-29 06:32:06 · 5 answers · asked by krazysevn 1 in United States

2007-08-29 06:20:32 · 3 answers · asked by ROBERT J 1 in United Kingdom

2007-08-29 06:11:13 · 5 answers · asked by Anonymous in United States

If I am running one business as a sole propreitor under my name and another as a sole proprietor under a ficticious name, completely separate businesses, when it comes to filing taxes, do I still just put everything together when filing (Schedule C and SE)?

2007-08-29 05:48:31 · 5 answers · asked by abby 1 in United States

I might be starting a new job where the employer does not take taxes out of my check. How do I go about paying my taxes on this income? Can I take it to the IRS office and say this is income I've made but need to pay taxes, how much will it be? I would like to pay the taxes before I spend the money so I don't have to pay a whole bunch later at one time. Basically how do I pay those taxes right away instead of waiting until the end of the year and paying a lump sum. Also I don't think I will be filing a W-4 with them what do I do as far as that? Thanks

2007-08-29 05:43:13 · 5 answers · asked by Alex 1 in United States

2007-08-29 05:35:14 · 5 answers · asked by angelshar 2 in United States

2007-08-29 05:14:48 · 5 answers · asked by Anonymous in Other - Taxes

To me Social Security is a waste of my money. I cant retire till I am 70 and by then , there will be nothing left. If I invest or even bank that money, I will be getting a lot more productivity out of it. Are there any tricks to get out of the SSI system?

2007-08-29 05:05:44 · 10 answers · asked by Anonymous in United States

can they really do it or should i just deal with a payment plan with the irs?

2007-08-29 05:00:14 · 10 answers · asked by Anonymous in United States

bad situation!

not long moved to london am struggling to live, make payments, etc.

i need to pay off council tax, i havent been able to make any payments and they've now passed it 2 bailiffs

spoken to them x2 and they are adamant that its with them now, i said if i pay some money now, will you call them off.

they said no, should i speak to a manage??? she refused to give me a managers name when i asked though!!

i really dont want to deal with the bailiffs, i want to just pay the council direct, the council said i can pay them but have to deal with bailiffs i don't get it?

can i ignore bailiffs???? as i live along and am scared!!!

can i just make payments to council when i can and try to clear it asap????

but will the bailiffs keep adding charges if i dont answer the door and speak to them????

plz advise thanx

2007-08-29 04:51:28 · 1 answers · asked by Anonymous in United Kingdom

2007-08-29 04:48:14 · 5 answers · asked by Richard 2 in United States

2007-08-29 04:27:28 · 8 answers · asked by rjcafepromenade 1 in United States

2007-08-29 04:24:31 · 5 answers · asked by doedoe050273 2 in United States

I've always claimed 1 on my taxes to get most out of each paycheck. I recently got married and am filling out new tax info. I am claiming 1. Do I claim Married, but withhold at a higher Single rate? We bought a house but the mortgage is in my name only. I thought it would be better to claim single as I would get more money back based on my income/and interest only mortgage.

2007-08-29 04:08:38 · 3 answers · asked by Laura L 1 in United States

If you are an american citizen that goes to live in another country but have no way to prove your income because you're selfemployed or unemployed ..how do you pay the income taxes? if your worldwide income is subject to US income tax no matter where you live?

2007-08-29 04:01:11 · 4 answers · asked by Carol F 1 in Other - Taxes

the client has an international account

2007-08-29 03:44:40 · 1 answers · asked by endlesssoul731 2 in United States

We have a company in California and one of our employee works for us in new mexico and he wants us to pay his taxes in that state. What forms we need, how many tax we need to pay (ex. state, fed,....) and how can we do that?

2007-08-29 03:40:53 · 5 answers · asked by area51plustax 1 in United States