Taxes - September 2007

My parents overseas intend to give me a large sum by transferring it to my account here in United States. Do I need to pay taxes on this money? What are my options since the money was not earned in U.S.A.!

2007-09-17 16:25:46 · 2 answers · asked by A.J. M 2 in United States

We took in our niece this year and were wondering if we can claim her on our taxes next year....she did work part time also so we weren't sure

2007-09-17 16:11:22 · 5 answers · asked by Bevvy 2 in United States

SUppose u are an american and have a Hong Kong account with a Hong Kong bank located over there. Can the US government request your bank account info from them? SUpposely is for tax purposes.

2007-09-17 16:03:55 · 4 answers · asked by Confused 1 in United States

My husband and I just discovered the Advance EIC.

We do qualify, and realize that it is about $1712 paid out over the year you apply.

My question is this.

Being we filed so late in the year, will we get what we *could* have been getting over this year in a lump sum and then the rest will divided up as normal...OR...will they just start paying us as if we started in January of this year and we lose out on getting the whole $1712?

Thanks!

2007-09-17 16:02:00 · 2 answers · asked by Anonymous in United States

I work for a telemarketing company as a telemarketer/office secretary. I was told by my boss last week that he no longer needed my services. Basically I was fired. I wanted to know if I can receive unemployment benefits even though I'm signed on in the company with a W9 instead of a W2.

2007-09-17 15:34:02 · 4 answers · asked by honeydewpurple 2 in United States

I bought a home in 2005, and just sold it two years later. We made a lot of improvements on the home, to which I kept all the reciepts. Can I use them this year when I file my income tax return, as a deduction? I have been told I can, but I dont really understand how. Also moved and dont have a new accountant to ask yet. Any help would be appriciated. Thanks!

2007-09-17 15:32:59 · 2 answers · asked by goosefruit 1 in Other - Taxes

I need my 2006 W-2 Form for student loan purposes, however I've seem to misplaced it. I remember putting it somewhere safe, in case I needed it, but of course I can't remember where it was that I put it that was so safe. So my question is this; is there a place online, a website, where you can view such things?

2007-09-17 15:25:08 · 4 answers · asked by flod_prfekshun 3 in United States

My husband and I make about $60,000/ year combined and we have two children. Next year will be our first year filing taxes since we have been married and we are wondering how to file. Why would someone file Married filing seperatly? Which married filing status is better?

2007-09-17 15:10:20 · 5 answers · asked by bakinbeauty1380 2 in United States

I made number errors that will trigger red flags in my schedule c returns but it was too late to amend. the irs has already ask me the come in for an audit.

2007-09-17 14:56:37 · 5 answers · asked by eric96815 1 in United States

2007-09-17 14:05:08 · 5 answers · asked by Wileys T 1 in United States

2007-09-17 13:36:54 · 2 answers · asked by urvi R 1 in Other - Taxes

If parents lists x number of children on their tax return, how much money is deducted from their income for each child?

I'm not asking about the $1,000 tax credit, child care tax credit, or how much a child can earn tax free.

What is the raw value of the tax deduction?

2007-09-17 13:34:43 · 3 answers · asked by Dee 1 in United States

. If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates

a. no errors have been made.
b. no errors can be discovered.
c. that all accounts reflect correct balances.
d. an equal amount of debits & credits were posted to the ledger accounts.

2007-09-17 13:21:46 · 3 answers · asked by Anonymous in United States

Beginning owner’s capital plus net income minus owner’s drawings equals…

u. revenue
v. total expenses
w. total assets
x. ending owner’s capital
y. basic accounting equation

2007-09-17 13:20:49 · 3 answers · asked by Anonymous in United States

in wisconsin?

2007-09-17 12:49:39 · 8 answers · asked by Gary Gray 2 in United States

Hi, I live in New York City, I think my property tax is too high, anyone know what should I do to lower my property tax?

Thanks!

2007-09-17 12:37:30 · 2 answers · asked by Michael L 1 in United States

The guy (Matt Murphy) who caught the record breaking homerun ball that Barry Bonds hit had to sell the ball becuase he could not afford to pay the taxes that they would levy on the estimated worth of the ball.

My question is it fair that the person who went to the game, got the ball isnt able to keep it becuase he is an average Joe. Why wouldn't they just tax him on it when he sold it. either way they get their money and it would alow him to keep a part of history for a time. The way it worked out some rich guy who would have been sitting in a luxury box if he was there now gets the ball.

They want to tax him now for money he doenst yet have saying they are estimating the cost, but if he did pay the taxes on it then sold it for more later I am sure they would tax the difference.

2007-09-17 12:10:55 · 5 answers · asked by Anonymous in United States

Does anyone out there know how long it takes to receive your money once the State takes it out of the non-coustdials tax check? they received a letter on June 7th stateing that the state of florida was taking the money but we have not heard anything else and it has not been mailed to me yet.... I heard that there was a holding peroid but I cannot seem to find out how long....

2007-09-17 11:12:31 · 2 answers · asked by Brandi 5 in United States

In the year of 2007 I lived in a Kansas, however in the middle of that year I moved back to my hometown in Oklahoma. When I moved back I lived with a family member. I do work and I am wondering if I can put the address that I lived in Kansas before I moved back home to Oklahoma. The family member I live with is using his own household to file his own taxes. Can I use the address in Kansas, or will it raise a red flag for the IRS, b/c I live and work in Oklahoma and I put down a Kansas address? Or does it not matter at all, as long as I file faithfully?

I would also like to add that I did not work in Kansas, and that whenever I do my taxes they submit it electronically through my bank account, and not through the mail. The person I am living with I am not related to, so he is the only one that can claim that household. What about if I use P.O. Box in Oklahoma? I've seen people do it before, so I don't believe that would be a threat either, would it ?

2007-09-17 11:06:12 · 1 answers · asked by pdimepc 2 in Other - Taxes

In the year of 2007 I lived in a Kansas, however in the middle of that year I moved back to my hometown in Oklahoma. When I moved back I lived with a family member. I do work and I am wondering if I can put the address that I lived in Kansas before I moved back home to Oklahoma. The family member I live with is using his own household to file his own taxes. Can I use the address in Kansas, or will it raise a red flag for the IRS, b/c I live and work in Oklahoma and I put down a Kansas address? Or does it not matter at all, as long as I file faithfully?

I would also like to add that I did not work in Kansas, and that whenever I do my taxes they submit it electronically through my bank account, and not through the mail. The person I am living with I am not related to, so he is the only one that can claim that household. What about if I use P.O. Box in Oklahoma? I've seen people do it before, so I don't believe that would be a threat either, would it ?

2007-09-17 11:05:55 · 3 answers · asked by pdimepc 2 in United States

If my gross income is $1248.00 about how much can I expect to clear after taxes?? (I'm not looking for an exact number. Just a general idea)

2007-09-17 10:41:43 · 3 answers · asked by auntjenny03 2 in United States

How much is the tax? what is the likelyhood that they IRS will give you some sort of leniency or reprieve given the fact you are obviusly in a tight financial situation to begin with? How would filing bankruptcy affect your tax liablity? With so many thousands of people losing their homes I would have to believe that the IRS would want to come up with some sort of new policy since so many people like never before in history will be facing such financial nightmares from losing their homes.

2007-09-17 10:06:09 · 7 answers · asked by Anonymous in United States

We're trying to find my husband's 2005 w2 form, or a copy of it. Would h&r block still have it? That's who we did our taxes with. I wonder if there's any other place we could look.

2007-09-17 09:38:13 · 6 answers · asked by Carrie 4 in United States

I am 20 yrs old and so tired of paying so much in taxes every week. I live on my own and could use the extra money. Is there any way that I can fill out the W-4 form in a way that they won't take so much money away?

2007-09-17 09:36:03 · 4 answers · asked by Anonymous in United States

help

2007-09-17 09:35:56 · 3 answers · asked by dramamamarobin 1 in United States

I have a 6-month CD going from 08/23/2007 to 02/23/2008. I was wondering if I have to report the interest earned as of 12/31/2007 when I file my taxes for year 2007 or CD has to come to an end, which is 02/23/2008 and then report the whole CD earned interest for income year 2008. Please help?

2007-09-17 09:29:35 · 5 answers · asked by Anonymous in United States

I have not been employed this year and I recently became certified to do home daycare through the state. It is already mid-september and if I do not get any children to take care of by the end of December can I still claim all the things I bought for the daycare? I have probably spent around $500 on things needed for it and I know I could get that all back on my taxes, but can I still if I do not end up with any kids to watch by 12-31 since I wouldn't have any income?

2007-09-17 09:28:17 · 3 answers · asked by myusernameisbetterthanyours 5 in United States

My sister and her fiance are engaged to be married next year, but would like to secretly marry this year. She is 22 and still in law school, which my parents pay for. If they get married in secret, will my parents have to be informed? Will her married status change the way they have to file their taxes? I think because they're still paying for her education and she only works during the summers, they list her as a dependent. I know very little about filing taxes myself and probably don't know what I'm talking about, so please help!!!

2007-09-17 09:11:19 · 9 answers · asked by Anonymous in United States

I'm a college student, I live in FL and I don't want to get a job. Can I claim unemployment?

2007-09-17 09:02:27 · 5 answers · asked by jon 2 in United States

Like from the Social Security Administration? I have already changed my name and got a new SS card. Did I need to do anything else or am I okay?

2007-09-17 08:53:48 · 3 answers · asked by koala punch2 5 in United States