Taxes - September 2007

I have recently moved to Texas (about 9 months ago) from Mississippi and have been working steadily. I have to keep a permanant adress in Mississippi as I am still on my parents insurance. If my paychecks have my TX address on them will income tax be deducted for Mississippi? Or will I have to pay a lump sum at the end of the year? Or *crossing fingers* pay nothing at all? Also, what is my tax rate then? My salary is currently $35,360. Thanks in advance.

2007-09-07 03:06:46 · 6 answers · asked by vapidparagon 1 in United States

it is not my fault someone rear ended me, do i need to declare the money as income

2007-09-07 03:01:29 · 3 answers · asked by tree dancer 3 in United States

what information do i need to have looked out when i am claiming for child tax credit. also what sort of questions will be asked

2007-09-07 01:34:14 · 4 answers · asked by mummy of 2gorgeous boys 3 in United Kingdom

2007-09-07 00:57:30 · 3 answers · asked by Crystal C 1 in United States

hi, does anyone know what is going on with bush's plan for people going through foreclosure/shortsale this year?

what's your forecast...? will 1099c not be sent? what's the scoop?

i might be faced with both this year and worried what is to happen...

2007-09-06 22:57:11 · 2 answers · asked by h 2 in United States

2007-09-06 22:26:09 · 9 answers · asked by sshashis 1 in Other - Taxes

2007-09-06 22:16:43 · 2 answers · asked by Sonia 1 in United States

2007-09-06 20:12:31 · 1 answers · asked by arbie neil a 1 in Philippines

I would like to buy a watch from the US via ebay, which costs 70 pounds. How much will i have to pay in total to customs? And how will it be done ...i.e. will the post office contact me?

2007-09-06 19:26:20 · 4 answers · asked by Nirmala 4 in United Kingdom

Consider the following scenario:
A person has contributed to his company discounted share purchase program over years (post tax dollars). He moved 1000 accumulated shares to his brokerage account and now is planning to sell the shares. The brokerage account shows a cost basis of the share price at the time of the transfer.
What is used as the cost basis while calculating the capital gains tax? Please note that the 1000 shares were accumulated over many years with much volatility in the market (hence difficult to calculate cost basis).

2007-09-06 18:52:49 · 6 answers · asked by nycbong1970 1 in United States

As a preface, I'd like to state that I fully intend to report and pay my taxes come due date. I would just rather pay them all at once rather than have them deducted weekly.
I live in NJ and work in NY City (in case that makes a difference). Is my employer required by law to withhold taxes weekly? Can I elect not to pay taxes weekly? If my employer MUST deduct, can I legally misreport on my W4 to have decrease my withholdings (claim to be married, add additional exemptions)?
I appreciate any help.

2007-09-06 17:55:20 · 6 answers · asked by Bas A 2 in United States

I am purchasing my first invesment property and I will need a truck for better providing maintenance to my property and future properties. Can any of the money used to purchase the truck, as well as gas, mileage or similar truck expenses be deductible?

2007-09-06 17:16:19 · 5 answers · asked by Vic Ric 1 in United States

2007-09-06 17:15:19 · 2 answers · asked by Meg 1 in United States

When exercising employee stock options, are taxes automatically withheld by the employer and reported on the w-2 so therefore no 1099-B needs to be filled out. It looks like I overreported withholding in 2005 according to the IRS and it appears because I doubled up the withholding for the stock exercise.

Thanks

2007-09-06 16:41:52 · 2 answers · asked by jambam 1 in United States

I'm a single guy, no dependents, earn $27,500 a year. Will it really be worth it for me to invest in a new Prius for the sake of the tax credit?

I'm not worried about car payments because I have excellent credit.

2007-09-06 16:31:52 · 3 answers · asked by Student 3 in United States

I made less then 4k in 2006.

Im a full time student living at home with my parents.

3077.00 of that was self-employment income. (1099 Misc)

the rest came from a job that sent me a W2

I read that there was a cutoff.

2007-09-06 16:25:55 · 2 answers · asked by Anonymous in United States

i am talking about both california and federal tax combined.

Also, how much is property tax in california and how do you subtract the appropriate amount from your income tax to see how much you will really have after everything?

thanks!

2007-09-06 16:13:25 · 2 answers · asked by whosajiggawhat? 2 in United States

Currently both my husband and I are working. Have 2 small kids want to stay home with them, this will drop us into a lower tax bracket. How can this help us make it on one income for a little while?

2007-09-06 16:06:48 · 3 answers · asked by Jenni C 1 in United States

2007-09-06 15:50:00 · 6 answers · asked by Anna 1 in Canada

2007-09-06 15:44:34 · 4 answers · asked by robin s 1 in United States

But clients of other state I dont have to file for state taxes? And how do I file my taxes for these incomes? Are all the REVENUES considered as personal income or only those that are profits after all the expenses being deducted? thx

2007-09-06 15:35:13 · 3 answers · asked by Confused 1 in United States

2007-09-06 15:31:21 · 4 answers · asked by piranha 2 in Other - Taxes

2007-09-06 14:56:28 · 2 answers · asked by Bob 1 in United States

It looks like one possible sticking point that may not have been considered since, I suspect, most people who've done studies to come up with the FairTax are homeowners, who may not have thought of the apartment rent angle. Any comments? Is this something that needs to be re-thought or does the FairTax need a bit of a tweak? I personally think the FairTax is a great thing, and I do hope it passes sooner rather than later. Now, if only these clueless contenders (not counting Huckabee) for the presidency will actually take a look at it. I think it is irresponsible for them NOT to learn about it.

2007-09-06 14:17:07 · 4 answers · asked by brian.pearson 2 in United States

state and federal taxes has been raised 73 times since 2000. when is enough enough? they're using smoking as a well they keep drawing from over and over. to cover what? the expenses incurred were already paid back by "big tobacco". now they're going after the actual smoker, after the manufacturer.

2007-09-06 14:04:17 · 5 answers · asked by andy h. 4 in United States

Recently bought a house in California, but am relocating for a job to another state. Because the real estate market is down, I will be taking a loss on my house. Is this tax deductible?

2007-09-06 14:02:49 · 7 answers · asked by Carissa B 2 in United States

I've never done taxes myself before. I always had a paycheck stub from work and let somebody take care of that from there.

But since then I left the job and commit full time working on my artwork commisions...It started out as a hobby and now its big enough to be my main source of income that pays bills and such. But it can't be considred as a business if it's not registered right? What is it considered as?

But how do I pay taxes on this? I really want to pay taxes now...Im afraid Ill get in trouble if I don't.

Also my income is always comming through paypal....what important information needs to be recorded from that?

What do I do???

2007-09-06 14:01:03 · 7 answers · asked by mishmallow8 2 in United States

2007-09-06 13:32:20 · 9 answers · asked by angel_rat_83 1 in United States

Can I make max tax deductable contributions to more then one account?

2007-09-06 13:27:42 · 3 answers · asked by ng1g 2 in United States

2007-09-06 11:17:30 · 4 answers · asked by lorrie w 1 in United States