Taxes - August 2007

There is a candidate for President who proposes to do away with income tax. All to be paid be sales tax. Who is he and can you tell me of his platform?

2007-08-26 05:27:25 · 7 answers · asked by ? 6 in United States

And my second job I am self employed. I usually come pretty close to 40 or more hours a week on my second job. What I am not sure about is I want to hold back enough Federal & State taxes so that I don't end up paying at the end of the year, but I don't want a large refund either. I am one who likes to have their money weekly. None of that refund stuff for me. I want my money now. My employer deducts Fed, state, local, medicare & social security so will I have to do that with my SE taxes as well or will I be pretty much covered? And I find many calculators but none where I can use both employer taxes and SE taxes? Any suggestions? Anyone know of any loopholes I can look into. I have 3 children and I take care of a disabled aunt as well.

2007-08-26 05:09:49 · 8 answers · asked by Anonymous in Other - Taxes

Someone I know (yes, it really is someone else) has had tax withheld from his paycheck for the last ten years, but hasn't filed a return for any of those years. Any advice on what he should do? I told him to go to the IRS and file - but now I'm wondering if I gave him good advice. Should a criminal lawyer handle this?

2007-08-26 04:45:29 · 13 answers · asked by Anonymous in United States

pay or forget

2007-08-26 04:16:53 · 5 answers · asked by Carl C 2 in Other - Taxes

2007-08-26 03:44:49 · 5 answers · asked by Anonymous in United States

I am overwhelmed I only make $2400.00 per month. I can not even afford to buy my child cloths for school. I have tried to deal with the I.R.S. and Ca shesta and San Bernardino chils support officals but they will not lower the payments to an affordable rate. These garnishments create a great hardship for my family not to mention marital problems.I need some kind of help. I can,t afford an atty as there taking all my extra money. I live in wa what can I do?

2007-08-26 03:36:11 · 11 answers · asked by mark g 2 in United States

contracted a job, made $8,000.00. do I have to pay taxes on it? it was a one time deal. Am RETIRED, on SS & MARRIED. ( I don't work anywhere)

2007-08-26 00:33:03 · 5 answers · asked by aarfootm 1 in United States

2007-08-26 00:30:09 · 4 answers · asked by chris s 1 in United States

2007-08-25 23:47:35 · 2 answers · asked by Anonymous in United Kingdom

2007-08-25 20:44:56 · 5 answers · asked by maddhornet 1 in United States

2007-08-25 19:49:09 · 8 answers · asked by HOH 1 in Other - Taxes

2007-08-25 19:39:30 · 3 answers · asked by jleslw 1 in United States

My wages were $1076.90...do I put in $1077
please help

2007-08-25 19:04:04 · 5 answers · asked by Elaine R 2 in Other - Taxes

My co-worker and I were faxing documents, we were standing next to the printer and we saw that our boss had printed out a letter. I didn't want to be nosy, so I didn't read it...but I was able to read that he was filing for bankruptcy. My boss hasn't said anything to us but I'm getting paranoid. Does this mean I should start looking for a new job??? I've been working for my boss for 3 months. The last boss I had let me go because he couldn't pay me anymore. He had too many lawsuits( he's a doctor)

So now I'm worried about this new boss. Should I worry??? should I start looking for a new job??

2007-08-25 16:44:09 · 5 answers · asked by Anonymous in United States

2007-08-25 15:03:33 · 6 answers · asked by aarfootm 1 in United States

I recently bought three tshirts from USA. I had to pay VAT and, in addition, an £8 "Release Charge" to the Post Office. This represents about 25% of the cost of the goods

2007-08-25 13:38:08 · 1 answers · asked by aelockwood - dove soap and water 1 in United Kingdom

I am married & 65+ of age

2007-08-25 13:28:50 · 1 answers · asked by aarfootm 1 in United States

How long or how much income do I need to get earned income credit on my tax return?

2007-08-25 12:26:39 · 3 answers · asked by xoxo 6 in United States

My husband is American, I am Canadian, and we live in Canada. If he buys a lottery ticket in Canada and wins a large sum of money, does he have to submit a form to the IRS declaring this?

I know a little about US tax laws but have not been able to find the answer to this specific question. I know that lottery winnings are considered "unearned income" and that if he were in the US, he would have to declare his winnings and be taxed on it. I also know that he has to declare his regular earnings while in Canada however, I could not find any information on whether or not foreign lottery winnings have to be declared.

2007-08-25 11:58:34 · 11 answers · asked by kittycat_mom 2 in United States

I've been unemployed since April 2007. I asked some of my friends & some of them said I still file taxes & the rest aren't so sure.

When I filed my taxes this year, I was employed. But next year if I still don't have a job, do I still file?

2007-08-25 10:10:19 · 6 answers · asked by Anonymous in United States

I am thinking about getting an apartment and friends are telling me that the rent I pay cannot be claimed as expenses on my income tax. Is this true? I was always under the impression if the landlord claims my rent as income then I'm in the clear to claim it as an expense.

I live in the USA in Florida BTW.

2007-08-25 09:29:38 · 7 answers · asked by rollaracergts 3 in United States

What is a social security credit? how can a self emplayed person earn it?

2007-08-25 09:19:37 · 6 answers · asked by nmd 1 in United States

So I'm self employed and I get taxed up the ***. I went to a tax guy and he said I should set up a c corp because I would pay lower taxes. However, he said that I would not be able to spend any of my income, and that I'd have to live off of a second source of income, like my wife or getting a second job. I really didn't understand it. Does anyone know what he was talking about?

2007-08-25 08:22:13 · 3 answers · asked by John L 2 in United States

2007-08-25 08:13:43 · 7 answers · asked by Anonymous in United States

Did you know by January 1, 2008 , Cigarette's are going to take a $6.10 a carton tax hike? State and Federal cigarette taxes have been raised 73 times since the year 2000- increasing the average price of cigarettes 80% a pack. Everyone should pay their share of taxes- but it's unfair to single out smokers once again for a 156% tax increase.
TELL CONGRESS THEY'RE GOING TOO FAR
Let congress know targeting smokers with a $6.10 a carton tax hike is going too far!
Please take a few minutes of your time and visit:
http://stopthefetincrease.com/
And say no to higher cigarette taxes. Thank you.

2007-08-25 07:38:12 · 12 answers · asked by bob 6 in United States

Now that Barry Bonds has broke the all-time homerun record, here’s a fun question for you tax geeks. If you are the one who caught the ball, what are the tax consequences? Will he have to pay taxes on the ball because of ownership, or when they ... if they ... sell it?

2007-08-25 07:05:32 · 8 answers · asked by Misty fka Princess 1 in United States

does anyone know what the percentage rate is for irs 1099 tax?

i am single, living in va, no kids.
let's say if the total charged to 1099 is $100,000.

is it 30%?? so the final amt. becomes like $30,000?

2007-08-25 05:37:23 · 4 answers · asked by h 2 in United States

Will it make any difference in my yearly tax return?

2007-08-25 05:23:42 · 4 answers · asked by SadToday22 3 in United States

Will it make any difference in my yearly tax return?

2007-08-25 05:23:29 · 6 answers · asked by SadToday22 3 in United States

What I am asking is I get paid the 1st of each month, but my contract staes I get X amount per week. I know some months have 5 weeks, but what months are they? I think I am not getting my full pay with months that have 5 weeks. Please advise...Thanks...Bobby

2007-08-25 02:56:09 · 5 answers · asked by redneckcowboytruck 1 in United Kingdom