Taxes - September 2007

As part of my divorce agreement my ex husband gets to claim my son every year on his taxes. My ex does not qualify to receive the EIC because he earns more than the max. amount. My son lives with me all year long. My question is am I able to claim my son for the EIC even though I don't claim him on my taxes?

2007-09-02 07:37:04 · 5 answers · asked by woobies 2 in United States

Hi i was wondering what is a great income in the united states , if a person wants to live a great life..not good..GREAT? what is a yearly great income?

2007-09-02 05:58:02 · 9 answers · asked by Anonymous in United States

I just bought a home which has well water but a city sewer. The sewer tax bill is separate from my real estate tax bill. Is the sewer tax federally tax deductible along with the real estate tax?

2007-09-02 05:40:42 · 4 answers · asked by Pupsgirl 3 in United States

2007-09-02 04:58:47 · 4 answers · asked by luis v 2 in United States

2007-09-02 04:40:44 · 6 answers · asked by kayla.nichols 1 in United Kingdom

I work for a major media company that deals with video games. I had to register a DBA in order to work for them for tax purposes. I work at home for this company so I would like to know what I can deduct when tax season comes around.

Since I work from home, I'm assuming that my internet bill, phone bill, electricity are all tax deductable. Another thing I had to buy was a PS3 because I will be receiving material to review for my job, so I was wondering how much of that cost I can deduct.

I also want to know if any video games that I purchase and my GameFly membership can be deducted at all?

Thanks!

2007-09-02 04:26:40 · 4 answers · asked by bibitopito 2 in United States

2007-09-02 04:15:49 · 2 answers · asked by ameri0903 3 in United States

socialist countries. in that case tax rates and tax laws should be drastically low and drastically simple.This is because capital formation is left to private sector ang government is a mere facilitator.Why then tax rates and administration are not
made light throughout world?why incur heavy expenditure in incime tax and ither tax administration?

2007-09-02 03:38:01 · 1 answers · asked by Anonymous in Other - Taxes

I started about six months ago.. Currently, I'm selling about $10,000 monthly.. I always buy $4000 worth of items and profit about $4-5,000 every month.
How do I know how taxes to pay or whatever?
I'm only seventeen, my uncle is a lawyer and he told me I have to pay taxes but I'm completely lost.

2007-09-01 18:34:37 · 8 answers · asked by rachelxkay 2 in United States

i am planning top buy an expensive camera

2007-09-01 18:18:32 · 5 answers · asked by lab90210 3 in Other - Taxes

2007-09-01 16:34:00 · 7 answers · asked by j w 1 in United States

Ref: Yahoo 6/315116127/27 and reg.lottery No:220949, legal
proceedings E-mail:barr_slater_henry@yahoo.co.uk with tel
No:+447031835058.Amount won:500,000 british pounds.
Information sent by:Sir Nelson Young, Claims agent, Yahoo!
promotions[E-mail: nelson_young141@yahoo.co.uk.] They told my yahoo! E-mail address was provided by "Yahoo!UK".
Are these things true? What are the problems if I furnish details
to Barr.Henry Slater Jr,Tanfield chambers,2-5 Warwick court
DX46 London chancery lane,London, England?

2007-09-01 15:44:24 · 13 answers · asked by RCN28061967 1 in United Kingdom

I got my first job this year. Will i have to start paying taxes even tho im 17?? and how would i do it. My parents arent gonna help me so what do i need to do.

I just am worrie dbecaue my friend owes the governmt taxes beacuse shes been workin since 14 and hasnt ever payed.

I dont wanna end up owing them money, what do i need to do?? All my tax paperwork for the job was filled out for me. And I do have taxes taken out each paycheck but i dont know what else i owe the goevenment. Could someone please explain this or you can email me joshydanny@yahoo.com

2007-09-01 15:18:01 · 5 answers · asked by Anonymous in United States

I want to do a purse with special things on it, and no one has it anywhere (and sorry don't want to give it out for fear of copycat) and was wondering do I HAVE to HAVE a patent, and license. It would be a purse for making life easiter and convenient. No special names, or trademarks or logos necessary.

I mean I don't have $7,000 to spend on a patent, and attorney and other etc......

Tell me do I still need one?

2007-09-01 14:59:08 · 9 answers · asked by DREENA 2 in United States

I just cannot seem to get ahead of the game and am swimming in debt. I took out a loan which helped with some and even tried debt consoildation but couldn't afford the monthly payment. I'm thinking of withdrawing money from my IRA (not sure if some or all at this point) to pay off some debt). Is this a good idea? What are the reasons for early withdrawl without penalty?

2007-09-01 14:58:43 · 4 answers · asked by tuckersmom 1 in United States

Can you claim a different amount of allowances on a W-4 tax form than on a state tax form? For example, can I claim 2 allowances on my Federal W-4 form but claim 1 on my Georgia tax form? Any info will help....thanks so much!

2007-09-01 14:26:59 · 4 answers · asked by Princess004 2 in United States

Im filling out tax forms (w-4). I am single, just moved into an apartment I am subletting from someone else. Do I claim 0, 1, or 2 allowances? What happens with each? The job pays about $32,700 annually before deductions (401K, benefits, & taxes). Also, I have no dependents, live with my boyfriend, and am 21. Am I considered Head of Household too? Can I claim any personal allowances? Please Help! All help is so greatly appreciated! Thanks!!

2007-09-01 14:03:09 · 2 answers · asked by Princess004 2 in United States

Ok so I live in california and I just won 100 grand on a sratcher off ticket and I have to drive to sacramento tomorrow to claim my winnings and I was just wondering how much money are they going to deduct for tax.

2007-09-01 13:30:55 · 3 answers · asked by Young J 2 in United States

2007-09-01 13:23:33 · 3 answers · asked by pbxgirl 2 in United States

1-us cit. and resident contributes 100% support fo his parents who are citizens of Mexico and live here...

2-US cit and resident contributes 100% support of his parents who are cit. of Guatemala. Father is resident in Guatemala and mother is legal resident of US

3-us cit. and resident contributes 100% support of her parents who are also us citizens but are residents of Germany


4-US citizen and resident of Italy. Her household includes4 yr old adopted son who is a citizen of Spain

2007-09-01 11:31:45 · 3 answers · asked by bright_sunshine_smiles 1 in United States

seven years ago my boss asked me to fill out a w4 form but at the end of the year i never received a w2 for taxs what did he do with the w4?

2007-09-01 09:40:39 · 3 answers · asked by BILLY123 1 in United States

2007-09-01 08:41:01 · 7 answers · asked by Anonymous in United Kingdom

Who is the one who can claim & deduct the kids expenses and receive the tax return?..the kids are with me except he gets supervised visitation....

2007-09-01 08:30:24 · 7 answers · asked by Carol F 1 in United States

My wife and I live in Texas. My wife's father died in April 2006. His estate was left to my wife and two siblings. The proceeds are divided evenly. He owned some land in Oregon that was sold last month. The beneficiaries were listed as the sellers of the property. It was not listed as my father-in-law's property, nor was it listed as belonging to his estate. Her share of the sale was just over $10,500. What is our federal tax liability on the sale of the house? What is our tax liability with Oregon, if any?

2007-09-01 08:12:05 · 6 answers · asked by P Ackerman 1 in United States

In 2005, I received a distribution from an IRA. The IRA was my mother's and she died in 2005. The money was somewhere between 16 and 17,000. I did not file a 2005 tax return. I want to do so asap and am curious as to whether or not I should expect any kind of a refund from this money??? Thanks very much!

2007-09-01 07:14:51 · 8 answers · asked by justellemJimsaidhello 1 in United States

What can I or we do to fix this. We pay taxes to give Politicians large raises and to send Money to other countries that don't give a damn about us.

2007-09-01 06:39:20 · 3 answers · asked by Anonymous in United States

client has a C-corp and he is 65% shareholder. He got 80K on w-2 from corp and 265K withdrawal as bonus. So corp expense the bonus and now he need to report the 265k bonus on his 1040. He has some expenses that he can offset againt his bonuses. Can we file an schedule C and show the bonus as an income and deduct the expenses or not. Thanks

2007-09-01 06:07:59 · 3 answers · asked by Anonymous in United States

I was trying to figure out if you can take the standard mileage deduction. I seem to see different opinions about this.

2007-09-01 05:30:24 · 10 answers · asked by aks_q 2 in United States

I have 18,000 in tuition and my tuition is 31,520. I applied for a stafford loan....doesnt the loan suppose to cover the rest of tuition or is it just 3500 dollars???

2007-09-01 04:32:19 · 1 answers · asked by slimblack24 1 in United States

now they are both dead. I've heard of a tax deed. The person who pay the taxes own the property. Is this true?

2007-09-01 04:17:56 · 8 answers · asked by frank_200654 1 in United States