Taxes - August 2007

How much money should the average working person have saved up in the bank ? And how many people out there are living paycheck to paycheck will less than $1000 in the bank or broke ?

2007-08-26 18:49:03 · 6 answers · asked by Black Jack 1 in United States

I understand there is a 6 year moritorium regarding liability. Can anyone point me in the direction for information?

2007-08-26 18:40:03 · 5 answers · asked by Anonymous in United States

Unfortunately, I made the contribution in time for April 17 deadline, but had not yet done my taxes. When finally doing them, I realized I had exceeded AGI limits for deducting the contributions. Since I can't deduct, I'd like to just cash out the IRA, but obviously don't want to pay a penalty to do so.

Any guidance? thanks

2007-08-26 18:00:56 · 4 answers · asked by LM 2 in United States

Do I send the IRS both pages even if I did the short version on page one?

2007-08-26 17:51:49 · 5 answers · asked by Elaine R 2 in Other - Taxes

2007-08-26 17:47:48 · 5 answers · asked by Man H 1 in United States

I just moved to Arizona, but live on the border of Neveda where a lot of the jobs are. Neveda does not have state taxes and I've been offered a job in Neveda. Will I be paying taxes where I work or where I live?

2007-08-26 17:47:33 · 3 answers · asked by mt 2 in United States

2007-08-26 16:52:06 · 5 answers · asked by malo 1 in Other - Taxes

How does the IRS figure out "What is a reasonable offer?" Are the "Pay Pennies on the Dollar Companies" legitimate?

2007-08-26 16:02:49 · 3 answers · asked by pwilkers@sbcglobal.net 1 in United States

Stupid Question, or is there no tax at all.

2007-08-26 15:40:08 · 6 answers · asked by KoolKid22 2 in Other - Taxes

2007-08-26 15:10:10 · 2 answers · asked by la rae w 1 in United States

i have identity theft & having problem with tax's this guy have mortgage under my social sec. can i put a lien on the house

2007-08-26 15:02:20 · 5 answers · asked by kemberlyb@verizon.net 1 in United States

2007-08-26 15:01:25 · 9 answers · asked by abbysdaddy1005 1 in Other - Taxes

cost capital of 10 percent and a tax rate of 34 percent?
The auto is depreciated in this way:
year 1- 20%
year 2- 32%
year 3-19.20%
year 4- 11.52%
year 5- 11.52%
year 6- 5.76%

2007-08-26 14:12:58 · 1 answers · asked by aP 2 in United States

I need help! I forgot to mail my 2005 LA state taxes, now they want 5 times the amount in fees and fines. I am ready to pay what I owed in tax, but not all those fees and fines. What can I do??
Thanks for you help!
David

2007-08-26 14:04:53 · 6 answers · asked by David A 2 in United States

someone please help me. I started working on a hire company on the accounts payable, I am taking someone's maternity leave and she used to do sub contractos as well as purchase ledger, my manager is making the subcontract and all I do is supplier invoice input, but as an accountancy student I want to learn as many things as I can. I have been reading about subcontractors and I know some companies get paid gross, other 20% and the non-registered one 30%, I have been asking her questions and I find out the subcontractors are made on a spreadsheet, you only type in the name of the company and the percentage comes on screen. I am a bit confused thou, could someone tell me on easy steps how to process sub contractors invoice??maybe if I have a better idea then she will let me do it ;) thanks very much

2007-08-26 13:48:14 · 2 answers · asked by Caetaneada 3 in United Kingdom

I am single...and again, just looking for a ballpark figure.

2007-08-26 13:03:45 · 8 answers · asked by Anonymous in United States

Someone told me to save them anyway, just in case. Well i've been saving them for 4 yrs. I have alot of them now. I honestly just feel like shreding them. I dont see the point of keeping them, thats why i do my taxes. I'm not the type of person that keep every single receipt, I only keep what I think necessary. any suggestions?

Thank you guys :)

2007-08-26 12:56:57 · 6 answers · asked by Anonymous in United States

Where is this supposed law that tells us we must pay taxes? I still haven't found one myself.

2007-08-26 12:53:12 · 15 answers · asked by Tom 4 in United States

1. Can I deduct the cost of replacing windows on my home? Isn't there an energy related tax deduction? Can I deduct the cost of widows and labor? What about state taxes in Oregon?

2. Can education expenses be deducted when I am sending my four year old to private kindergarden?

Thanks!

2007-08-26 12:04:56 · 3 answers · asked by Mike A 6 in United States

For about a month, my friend has been watching my baby for 30 hours a week. I pay her around $325.00 each week. We haven't been keeping track or receipts and I have recently learned of a daycare refund on the annual taxes. Can I qualify for this refund? (forgive me,, when it comes to taxes.. i am hopeless). What do I need to do to ensure this refund? Are handwritten receipts on her behalf eligible? What must she do on her end? Thanks!

2007-08-26 11:47:41 · 3 answers · asked by Aprilla 3 in United States

In accordance with the usual IRS travel/meals/ent rules, of course. Are these deductible this year even if I buy next year? What if circumstances change and I don't buy at all? I've heard that if I don't buy, not deductible; if I do, must be added to basis, not deducted. On the other hand, another person doing the same thing was told by his accountant to form an 'investment' corp. and write off all his real estate searching travel within that corp. (hopefully, he is not planning to tell this guy to buy the real estate in the corp, but if he isn't then the tax write offs for the corp don't seem that legit.). Thoughts? Thanks.

2007-08-26 11:34:23 · 4 answers · asked by heart_and_troll 5 in United States

What are the advantages to the filler to show the non taxable combat pay? Or is it better not to? The EZ form also says that all i do is put EIC under line 8a and then write the amount under 8b, is this correct?

2007-08-26 10:27:32 · 2 answers · asked by Anonymous in United States

2007-08-26 08:38:31 · 4 answers · asked by ♥ That girl T ♥ 3 in United States

have to claim it on your taxes at the end of the year? If you have already paid the taxes up front, it looks like you would not need to claim it again to pay MORE taxes.

2007-08-26 08:25:55 · 8 answers · asked by Miss M 1 in United States

2007-08-26 08:20:01 · 6 answers · asked by ? 7 in United States

i am 16 years old, and work at mcdonalds...
i live in michigan
does anyone know how much they can take out of my paycheck for taxes?

2007-08-26 07:31:09 · 3 answers · asked by alpha_omega162009 2 in United States

I have one child.

2007-08-26 07:27:10 · 4 answers · asked by oek j 1 in United States

Basically, I was given a car worth $15,000, which is not taxable because it is joint property of my parents (they are allowed to give just over $20k per year of shared, physical property to a child, tax-free). I will count the sale price on the title transfer as $1. If I sell it next year, say for a $13k profit, will this add $13k to my taxable income?

2007-08-26 07:20:51 · 5 answers · asked by Ryan 1 in United States

I have finished my degree which has nothing to do with finance or accountancy but I want to become a tax advisor. I haven't had much success applying for trainee positions because I missed 2.1 class so I have decided to do further studies to beef up my CV. I am only interested in one year post grad studies though....

2007-08-26 07:01:05 · 4 answers · asked by raymond l 2 in United Kingdom

Im 14 and working at a job that pays $10 an hour. Everytime I get my paycheck, I see that a certain amount was deducted for income tax, social security tax, medicare tax, and CA SDI. What is CA SDI, and am I actually supposed to pay since I'm under 18?

2007-08-26 06:09:39 · 14 answers · asked by Anonymous in United States