Taxes - September 2007

I am hosting a masquerade ball and hope to get several corporate sponsors. I am sure the corporations will ask if the sponsorship is tax exempt. Would it be? The checks will be made out to my business, expenses will be deducted and then 100% of proceeds minus expenses will go to charity.

2007-09-17 08:13:31 · 2 answers · asked by danielleinindy 2 in Other - Taxes

I currently work in North Carolina but I reside in South Carolina, how am I supposed to do taxes so that I'm not having to pay income tax to both states? I will be filing joint taxes and have only worked in N.C. since May of 2007and my employer takes out N.C. income taxes for me but not S.C. taxes. I've worked in S.C. prior to May in 2007.

The only thing I can think of is filing taxes for N.C. as a non-resident and then filling the S.C. residential taxes. I will be going through H & R Block so I highly doubt they would know what to do any better than I do.

Thank you in advance for your help.

2007-09-17 08:11:00 · 3 answers · asked by Manny 4 in United States

check this out
http://moneycentral.msn.com/content/Taxes/P48908.asp

2007-09-17 07:36:46 · 2 answers · asked by wisemancumth 5 in United States

do students on F-1 visa need to declare dividends and interest income for taxes?

2007-09-17 07:15:26 · 3 answers · asked by Raaj 2 in United States

My old employer had paid approximately $10,000 tuition assistance for me. I received a job offer from my new employer and accepted before working out my work commitment. The new employer agreed to pay off the amount I owed the old employer for not working out the agreement. Now, the new employer is telling me that is a taxable benefit to me since they are paying off a loan. I argue that it is still tuition reimbursement and at a maximum only the amount paid above $5,250 in one year should be taxable. They say the original reason I received the money is irrelevant and they must treat it the same as paying off a loan. I honestly don't think any of it should be taxable since it is tuition related and the courses were over a two year period. Do any of you have any advice in this area?

2007-09-17 06:49:26 · 1 answers · asked by Shawn 1 in United States

If one would right off 100 miles how much money would that be.

2007-09-17 06:33:49 · 2 answers · asked by Shade tree 3 in United States

Assuming the fact that you are single.

Scenario #1 : If you are in 55k’s income bracket and you take a certificate course, which cost you, $1200.00 (you pay out of your pocket) would you get educational credit tax break when you file your tax? If yes then up to how much you will be reimburse?

Scenario # 2: As a single (no dependents) will you pay more tax if you dont take certificate course?

Please reply. Your time and help is greatly appriciated!

2007-09-17 06:19:00 · 3 answers · asked by Marino 3 in United States

2007-09-17 05:27:37 · 5 answers · asked by s 1 in United States

I have worked for this company, off and on, since February of 2004. When I say 'off and on', I mean I've worked until work slowed and then I would go work at another company until work picked back up (construction). At first I was getting paid as an actual salaried employee (taxes taken out, etc.), and then after around roughly a year, work slowed down and I got another job. After about 2 or 3 months, I quit my job and went back to this company because I could make a lot more money. I have done the same thing over and over, except I have been getting paid 1099-MISC since early 2005. I have asked him several times over the whole course of time, if he would start taking out my taxes again. He has always promised me or avoided my question some how. I've been riding in company vehicles and I work next to a guy that has his taxes taken out. I have my own tools but they supply materials and ladders, etc. Is this 1099 Misclassification?

2007-09-17 04:16:05 · 3 answers · asked by J Bird 1 in United States

I got a job in UK they demand me 1500GBP , whether it is charged to get the workpermit if so howmuch?

2007-09-17 03:12:17 · 1 answers · asked by Ramesh R 1 in United Kingdom

2007-09-17 03:01:55 · 3 answers · asked by Ianzack 1 in United States

me and my husband was 2 gether 8 years but only married for 2 1/2 years when he died he was 23 and had been working full time since he was 16. will i qualify for widow beneifits? i'm also 4 months pregnant by him can my unborn child receive survior benefits when its born?

2007-09-17 02:45:16 · 10 answers · asked by kathy h 2 in United States

she is going to be competing over three states and we want to get sponsors to help with the cost, and allow them to write it off on their taxes.

2007-09-17 02:44:28 · 4 answers · asked by Anonymous in United States

2007-09-17 02:43:15 · 1 answers · asked by tripletrax 2 in Malaysia

After I got married, on my W-4, i claimed 9 allowances because I have two step children and my wife who doesn't work. as well as changing my status from Single to Married. That boosted my check by almost $300 per month.

If I get divorced before the end of the year, will I be forced to file as a single person with no dependents? In other words, will I owe thousands of taxes back? ($300 X 12 months = $4800).

Am I correct in these assumptions, or will I get some kind of break because for most of the year I was married and supported two children?

It doesn't seem fair that, say, for the first 10 months of the year, you support a wife and two kids, and then comes January, you have to file as a single person with no defendants just because of a late year divorce.

2007-09-17 02:37:53 · 7 answers · asked by jimmyaven 1 in United States

the only option i see on my w-4 is single or married

2007-09-17 01:54:20 · 2 answers · asked by J C 1 in United States

2007-09-17 01:15:19 · 7 answers · asked by tam k 1 in United States

I just starting home day care and i want to know what i have to start doing now to pay taxes in April.

2007-09-17 00:39:36 · 2 answers · asked by botera 1 in United States

I ordered an item from ebay from a UK based seller and paid a price including VAT. A few days afterwards I received a package from China containing the item. I contacted my seller and he told me that since he didn't have any in stock he ordered it directly from the supplier.

About a month later I receive a bill from customs. I phoned them and told them my contract is with a UK supplier and I've already paid all taxation. They said they've got to check if they've made a mistake and they'll call me in 10 days time.

Should I be concerned? Do I have to pay?

2007-09-17 00:35:07 · 3 answers · asked by nspiteri 1 in United Kingdom

Im on a £22k full-time job but have just completed a private one-off job for which a cheque of £5k was raised. I received the cheque directly without going through payroll but want to know how I go about getting the TAX paid on this £5k? Can Inland Revenue do this for me?

2007-09-17 00:22:28 · 5 answers · asked by Worried! 1 in United Kingdom

When do I put "1" and when do I put "0"? Like I said I am single with no children and I rent. All of the tax jargon makes little sense to me. Please help! I am starting a new job.

2007-09-17 00:18:51 · 2 answers · asked by Shari H 1 in United States

She has one child, not a homeowner, not in college. Does this affect me for living with her?

2007-09-16 22:39:44 · 7 answers · asked by Sa 2 in United States

My annual salary is 5 lakh rupees, I would like to know the ways in which I can avoid paying any income tax (INDIA)

2007-09-16 22:18:48 · 5 answers · asked by Raj S 1 in India

2007-09-16 19:58:05 · 1 answers · asked by Vic D 1 in United Kingdom

I will be working in India for the next year. My company will pay all taxes enforced by the Indian goverment but I am unsure whether I will be taxed in the states or what the guidelines are for overseas income.

2007-09-16 19:56:21 · 1 answers · asked by Scott D 1 in United States

last year I moved from USA to india to start new business. Since first year is normally for erection and installation of machinery as there was no commecial production, but this year I'm expecting profit after meeting operating expense. Now if I pay the income tax as per local country's rule how should I remitt those profits back to USA so that it may be re-invested in other business in USA or other overseas countreies. Do I have to pay taxes on those profits in USA? how should I get my indian company's operation recognized in USA i.e. having a parent company in USA and branch office in India like that? Since I'm an USA citizen I deifinitely feel more comfortable to report all my earnings including overseas to IRS
so that in future I may have sufficient funds to start a good business or do investment in my own country.

2007-09-16 19:09:59 · 2 answers · asked by mmarfani7795 1 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?

2007-09-16 17:55:59 · 3 answers · asked by pdimepc 2 in United States

2007-09-16 17:34:28 · 4 answers · asked by HK-boy 4 in United States

I'm a U.S. citizen working and living abroad. I use form 2555ez to file US taxes. I want to use some of my foreign earned income to invest in the US. Is the income earned from investments taxable? If so, how do I report it?

2007-09-16 15:56:36 · 3 answers · asked by Anonymous in United States

Im n college n just started a new job.When I filled out my W-2 form I said zero for being claimed as a dependent. And exempt from taxes. But I notice on my check that they dont take anything out for federal or state tax. I really didnt know how to fill it out. Im confused. So will I get anything back on a tax refund??

2007-09-16 15:40:11 · 6 answers · asked by MartiniGirl06 1 in United States