Taxes - September 2007

How much are you taxed on when you recieve money gifts (5 to 6 figures)? Is there a $ limit you can recieve as a gift?

2007-09-13 03:23:53 · 3 answers · asked by questionable 1 in United States

my brother passed away and i just was a bum of about 6 months. I worked odd jobs, never really made any money. i just have not gotten to it. and i going to get in trouble or what. or should i do it now?

2007-09-13 02:28:36 · 4 answers · asked by moneybrik90 1 in United States

We both make about 45,000.00 total from Social security and other pensions and investments.

2007-09-13 02:13:37 · 5 answers · asked by orangefouch 1 in United States

The purpose behind this questions is because I want to write it off as an expense on my Schedule C, however I don't want to be audited!!!!

2007-09-13 01:45:17 · 3 answers · asked by J C 1 in United States

2007-09-13 01:44:26 · 5 answers · asked by nn 1 in United States

2007-09-12 22:09:44 · 5 answers · asked by lito 1 in United States

i am about to sell my home and the market isn't good. so, if i sell at a loss, do i need to pay tax?if not then can i claim the losses and how much even if i do not convert the primary home (the one i a,m selling) into a rental property prior to the sale? I've heard that one can deduct $3000 from IRS if home is sold at loss but what if it is not converted into rental property before sale??really confused.

2007-09-12 21:47:21 · 5 answers · asked by Anonymous in United States

2007-09-12 20:24:57 · 3 answers · asked by KeyKey S 2 in United States

can i add my daughters to my w-4 forms as exempt withholdings even though there mothers claim the as dependants....will i get in trouble with the i.r.s

2007-09-12 19:40:07 · 4 answers · asked by mr122 1 in United States

2007-09-12 19:24:55 · 3 answers · asked by Anonymous in United States

what amount of money do i have to earn as a single without dependants or being claimed as a dependant so i wont have to file...and what do i put in the form given from my employer in order for that money not to be taken off my paycheck

2007-09-12 19:19:50 · 2 answers · asked by mr122 1 in United States

i'm a bit confused about a few things concerning taxes. this year will be the first year that i can claim my child and i am wondering what i am eligable for ect. first off i am married but my husband and i have not lived together since two days after being married because of events that caused a protection order to be put on him due to domestic violence. we have not been to court to settle anything reguarding our child as of yet. there is no court order on child support or custody and he does not come to see our child and very very rarely has made any efforts to help me out with money. i live with my mother and father and last year my father claimed my child on his taxes. however, this month i have begun working and claimed my child myself seeing that he lives with me and not his father (he has never stayed with his father) what i am wondering is will i get a refund on my taxes with having my son as a dependent? i have heard of something called eic (?) but would i be able to get that ?

2007-09-12 18:14:11 · 6 answers · asked by Anonymous in United States

2007-09-12 18:01:11 · 5 answers · asked by drzdenizen 1 in United States

I need to remove my child who no longer lives with me from my tax return. He cannot receive financial aid from school because I included him as a dependent on my taxes. He does not make very much money and really needs the money for school. WHAT CAN I DO???!!! We are in California. Thanks for any help!!!

2007-09-12 17:55:45 · 7 answers · asked by e e in california 1 in United States

2007-09-12 15:57:44 · 4 answers · asked by lisa t 1 in Other - Taxes

I got $6000.00 back from my 06 return cause a friend let me claim her 2 kids. I think that she told this to the IRS and now they want me to pay all that money back. I split it down the middle with her. She was right there at Jackson Hewitt when i claimed them on my taxes. The preparer asked me my relation to the children and i told her "other" she told me that she was going to put that i was their aunt so i could get more money, I was uneasy about it but i agreed. What can i do now? I don't have $6000.00 to give them by the end of this week

2007-09-12 15:50:19 · 13 answers · asked by blueaquaqueen 1 in United States

Does anyone have a source with your answer?

2007-09-12 15:44:48 · 2 answers · asked by Anonymous in United States

I am buying a home, I am single, I have one job, & I am in the 25%tax bracket.

2007-09-12 14:54:30 · 3 answers · asked by Blair W 1 in United States

2007-09-12 14:51:25 · 4 answers · asked by bokhara1 1 in United States

How do i pay taxes on profit i made on stocks? and how do i do it like if i just use the money i made to buy another stock !?? and sometimes i take the profit out!? and spend it? what do i pay taxes on and how do i?

2007-09-12 14:48:27 · 6 answers · asked by gspaypal 2 in United States

What is the highest tax bracket for a self-employed person? Is 35% correct? Geez I hope not!

2007-09-12 14:35:15 · 4 answers · asked by kolorz 4 in United States

ill end up with 24,960 at the end of the year that i got paid. im full time employee but he calls it contract. (i dont know why)

i get no taxes taken out. just a personal check that says his company name in it. (hand written)

every time i ask him if i will be screwed at the end of the year he just says " i'll give you a 1099."


am i in trouble?

2007-09-12 14:08:41 · 6 answers · asked by Anonymous in United States

Im booking a hotel at the Ritz Carlton, and they are charging me 10.25% taxes, instead of the 5% state tax rate. Is this legal to do?

2007-09-12 13:54:12 · 6 answers · asked by Anonymous in United States

a$.761.49
b$.768.57
c.$792.23
d.$861.49

2007-09-12 13:49:02 · 5 answers · asked by Leshell M 1 in United States

I had a part-time job in 2006. Earlier in the year, I did not receive a statement from my employer with my earnings total, taxes, etc. I should have been able to collect that which I paid in Fed and State taxes. Is it still possible to file for (and receive) the return now?

2007-09-12 13:48:46 · 6 answers · asked by BrandonC 1 in United States

My son is 21 years old, a full time college student and is covered under our medical insurance policy. When he files his taxes he wants to be able to take his own deductions on his return. I hope this makes sense.

2007-09-12 13:47:59 · 9 answers · asked by Anonymous in United States

I am so sick of paying off my back taxes, particularly since I know my money is helping to continue the obscene war in Iraq. [It's also frustrating what their liens are doing to my credit history.]

Is there any way I could write a statement on the back of the check [in small print underneath the endorsement area] that reads something like, "By cashing this check, the IRS and U.S. Treasury agrees that the Payer owes no further money for back taxes on any years"?

2007-09-12 13:24:55 · 10 answers · asked by The Snappy Miss Pippi Von Trapp 7 in United States

anyone know?

2007-09-12 12:49:11 · 6 answers · asked by Just a Girl 2 in United States

If you buy products with a wholesaler's license does the government require you to report your profits if you resale the stuff or is that only required if you have a business license and are running a business.

2007-09-12 11:23:05 · 9 answers · asked by Nikki 2 in United States

i recently won $10,000 at a baseball game and i haven't worked in 2 1/2 years so i have no income for this year except the $10,000. i would like to go back to work. how much can i earn before i have to claim it on my taxes or pay on my taxes. or do i have to claim the $10,000 at all?

2007-09-12 11:19:51 · 3 answers · asked by lovekissedme 1 in United States