Taxes - August 2007

I get a good amount of money to live on with disability right now. With this flat tax, they want to start charging 23% sales tax and eliminate income tax. I don't pay income tax right now. Essentially, all I pay is sales tax. This would cripple me and my little girl.
Are they proposing any sort of adjustment for people like us?

2007-08-05 12:18:10 · 4 answers · asked by Shaydie 3 in United States

I have been offered a job through a church where the employer says that I cannot be charged taxes and so I don't have to claim them. I feel like this is not true, and need to have that 1099 form so I can file returns on this income. Am I right? Or wrong?

2007-08-05 12:00:27 · 10 answers · asked by Anonymous in United States

I am 16 but I just got a job..I don't know how taxes work and my parents are too busy to ask, if anyone could just give me some outlines on it all, or a website I can go to and read on the subject, I would be very much obliged.

2007-08-05 07:06:52 · 6 answers · asked by Johanna F 1 in United States

Hope you guys can help me out, here is my situation. I am 25 years old, I was 20 when I started my own business. The store did well for awhile but I ended up closing it up and I owed money to IRS. I have paid my income taxes I was behind on down to 425.00 and I checked my credit report and I have a tax lien on my report from 2005. I'm sure it's sales taxes from about 3 months where I didn't pay, I wanted to but I was dead broke. The lien was on the store itself and inventory in it but the store's inventory was sold right before the lien was filed so the lien is still on me. The problem is I don't know how much I owe, this was a small business and my taxes wheere usually like 300 a month so I'm figuring I owed about 900 to start with plus late fees. Who do I contact to work out a payment arrangment? & Should I keep my bank account?

2007-08-05 05:47:55 · 6 answers · asked by Anonymous in United States

Im collecting unemployment and a real estate company wants me to fill out a W9 form to cut grass for them, will that effect my unemployment. Im goin to claim what i make with them, but will it show up like a full time job or not, because it is goin to be like a one time thing. Should I go ahead and do it or pass

2007-08-05 05:42:25 · 5 answers · asked by mj 2 in United States

workers comp checks. last night my boyfriend mentioned something about unearned income on my taxes, something about the money I WOULD HAVE earned if i was not injured. I am confused. I know that generally, it means interst from accounts and stuff like that but is there some credit or something for my situation? I really dont think so, but would like to get another opinion???

2007-08-05 05:32:16 · 4 answers · asked by jenkins_nichole 2 in United States

As a small business it is important that I maintain a competitive edge with similar type businesses in my area. To do this I need to shop them, check their prices and their service. Can I write this off as research & marketing on my taxes, or is their any other fashion to go about doing this?

2007-08-05 05:29:46 · 2 answers · asked by westernman 3 in United States

I will have lived at my primary home for 2 years in December. I want to get a lot line adjustment and basically sell my large backyard as a buildable parcel. I don't know if this helps, but my home came on three city lots and we are reducing it to two and selling them separately. It seems that since I am reducing, I shouldn't have to pay capital gains taxes. I am married and the value of both lots is less than the 500k allowance.

2007-08-05 04:46:23 · 7 answers · asked by Jungle Princess 2 in United States

I just finished watching a documentary on Dubai and it stated that companies that are based there pay no taxes. If this is true then how does Dubai make money from the companies? Do they require you to employ a certain number of Dubains or do actual business in Dubai. In America once your company gets into the millions you are taxed 50% of your net income. They have to charge something or else every company in America would move there. So whats the catch?

Part2

2007-08-05 04:37:23 · 3 answers · asked by Romell M 1 in United States

For instance, for farmers exchanging cotton for eggs or corn, when no cash is used in the transaction? Is there an analog to a sales tax?

2007-08-05 04:29:04 · 3 answers · asked by Anonymous in United States

Married filing jointly both on chapter 13. am full time employed.
have other deductions such a mortgage, state tax charitable etc.

2007-08-05 03:08:18 · 3 answers · asked by mschrepp 1 in United States

I am a W-2 employee. If I want to start a side business and incur a loss at the end of the year, can I write off the loss? If allowed, how does the write off work?? And does it matter if it's a sole proprietorship or corporation?? Thanks

2007-08-05 02:50:56 · 5 answers · asked by Bob K 1 in United States

america was built on the foundation of being tax free. we even threw a tea party over it back in the day. now however, people have houses taken from them, inheritances taxed so greatly they lose everything. i knew a farmer who died and left his land to his three sons. they had no money and nothing besides the land they worked on all their lives. the government came and told them the value of the land for inheritance tax. they were unable to pay it and lost everything. not every case is as big as this but it is important you realize this happens everyday. any working american is taxed, losing about 15-20% of what they make before they even are paid. we are a nation with a high poverty level while politicians and government officials live with all the luxeries. we need to realize this as a country. what does everyone else think?

2007-08-05 02:33:57 · 11 answers · asked by Anonymous in United States

2007-08-05 02:07:42 · 8 answers · asked by Anonymous in United States

I have been looking over my bank account statements and have noticed that a company I had went for an interview and was given the job has been paying me money but I never started with them.. They have been paying me £260 every fortnight totalling £780.. they had stopped paying 3 weeks ago so they have obviously realised that there was an error..

I am now starting to panic as obviously I have not worked for it so was not due it... both my partner and I use the bank account and we were not aware of this. what should i do

2007-08-05 01:43:52 · 14 answers · asked by Anonymous in United Kingdom

I have wondered....When I go to work and finally get my paycheck....we all notices the large chunk missing from taxes. Most everyone agrees that it stinks working for that money then have it taken away by the Gov. Why does no one ever try and do it the other way around. Why cant the Gov. tax people on what they spend. It seems like it would balance out. If they left my work check alone, and raised taxes on products we buy like food, mountain dews @ the gas station, just whatever, why would that not work? You could even tax things like Ciggz and Alcohol more than every day products....But it seems like by raising sales tax, and letting the worker keep their paycheck without taxes being taken, people could save more money and be taxed for the things they buy, if they dont buy alot then good for them they get to save up some money. It just seems to me it would balance out if you just flipped it around.

2007-08-04 21:33:04 · 10 answers · asked by Anonymous in United States

2007-08-04 21:09:19 · 5 answers · asked by Anonymous in Other - Taxes

Lets say I have a contractor that works for me for a year and lives in India at the end of the year for tax purposes do I give him a 1099 or something else for end of the year tax

2007-08-04 20:48:29 · 2 answers · asked by hanfordtech 1 in Other - Taxes

2007-08-04 18:57:02 · 9 answers · asked by Young boi 5 in United States

she is concerned about this because her has since left the house in this year not last, and he kept telling her he filed an extension which he did in fact and then he filed head of household so he could claim all expenditres and the two kids, and he just told her when he got the huge return back, and bought their son a car.

2007-08-04 18:55:00 · 6 answers · asked by texashoedowngirl 1 in United States

Temp agencies have them so why can't casting agencies for background actors in Hollywood do the same?

2007-08-04 18:49:05 · 3 answers · asked by Anonymous in United States

Pls advise the import taxes for electronic goods from China to Malaysia? Thanks!

2007-08-04 18:14:19 · 4 answers · asked by crocos 1 in Other - Taxes

I was working at a small teddy bear store and was let go because the buisness is not making any money, and they are going to get out of their lease. - I was let go 2 weeks ago. When I was working there my boss would NEVER pay me on time and my schedule would always be given to me in the middle of the week. Right now I am owed over 300 dollars and he is giving me the run around. He told me he would have my money last monday- that never happened, then he said wednesday and that never happened. Then today he told me he would have it tonight at closing, I come in and he is not even there!!! I contacted him through text and calls and he is ignoring me. I contacted his father who owns the buisness and he told me that I will be paid tomorrow but i am getting very concerned because i am leaving on monday to New york for two weeks. My boss never filled taxes on me even though i told him repeatedly that I have my s.s.n and everything for him. What are my options if his father does not give my

2007-08-04 17:39:49 · 7 answers · asked by Kingsfan 3 in United States

my buddy who is separated from his wife recieved a letter from the IRS saying they are putting a Federal Tax Lien on his properities.
Well this is being filed for a tax year that he filed jointly with his wife (back in 2004), but he had mentioned to me that the IRS notices only have his social security number on them and not hers (his x-wife) even though they are both equally responsible for whatever debt was accrued for that tax year.
So now that this Notice was sent does this mean that his x-wife's properities will also have a lien against them even though her social security number isn't on the notices or just his property?

2007-08-04 16:47:40 · 4 answers · asked by Anonymous in United States

I know if i claim 0 they will take out more every month but I will get more back when i file my tax return?

Is this true? I am not losing any money but not claiming myself as an exemption am i?

2007-08-04 16:37:57 · 4 answers · asked by bruce_eel 4 in United States

I am starting a business. Do I take my expenses off before I figure the tax I should pay? Or do I figure taxes off the top? I know I need a cpa.

2007-08-04 16:14:38 · 5 answers · asked by caligrlok 1 in United States

Can they also put a lien on your car even though you're still making payments on it??

2007-08-04 16:00:50 · 6 answers · asked by Anonymous in United States

I understand that employers do not pay Federal Income taxes for their 1099 contracted employees; does this mean that I cannot collect unemployment if I need it?

My last contracted work was a six month contract in the state of California.

2007-08-04 15:10:28 · 14 answers · asked by trinrico 2 in United States

2007-08-04 14:39:50 · 3 answers · asked by biggles 1 in United States

how much is 10 dollars worth in canadian money?

2007-08-04 13:38:44 · 5 answers · asked by Reefer Goddess 1 in Canada