Taxes - September 2007

I leave to go off to college January 7th and I wanted to know is there anyway I can get my W-2's back early enough to have them filed before I go away to school??

Also I worked 3 jobs this year

Thanks!

2007-09-26 07:24:00 · 5 answers · asked by kevin_binion 1 in United States

I have been taking care of a friend's little boy while she works for several months. Court paperwork dictates that she pay 48% and the father pay 52% of the childcare expenses. She has been paying me her portion plus part of the father's portion from the get go, as he has not ever paid a cent toward his childcare. I finally started giving him bills, and he has asked for my tax identification number, which I now know is my social security number. I don't feel safe giving him my SSN, as he is not a trustworthy person, and I believe does things that are possibly illegal. Do I have to give him my SSN in order for him to claim childcare expenses on his taxes? Can he just give them my name and address? I already know I have to and will claim the income from this on my taxes. If I don't give him my SSN, does that mean he doesn't have to pay me for his child's childcare that I have provided?

2007-09-26 06:51:58 · 8 answers · asked by Jenn 3 in United States

... from my employer, and need to know if I should consult with a tax attorney, OR, a CPA to get the very best advice on how to minimize my tax burden legally.

In other words, which professional would give me the most comprehensive advice?

Thanks!

2007-09-26 05:42:00 · 4 answers · asked by Anonymous in United States

If I have a permanent place of work 15 miles away, I am contracted to work there permenantly but my contract says in certain crcumstances in the interests of the company I can and will be located elsewhere, such places are not defined. When this happens (about 10% of my contracted hours) I travel more than 15 miles, say 20 miles, my company says I can only claim the excess miles travelled, 5 miles in this case or 10 miles as its a return journey. A friend of mine said as I am travelling to a temporary place of work, I can claim relief for the whole cost of the journey from my home i.e 20 miles plus 20 miles return = 40 miles in total, is this true? If so can I claim back any milage I may have been due?

2007-09-26 05:17:51 · 3 answers · asked by simon g 1 in United Kingdom

2007-09-26 04:35:54 · 4 answers · asked by MB 1 in United States

i have a job in the city, my problem is im off the books and no sss deduction and taxes at all... can i pay my own sss? how?....Thanks!

2007-09-26 04:04:43 · 7 answers · asked by mm 2 in United States

I've recently had some dental trouble that is ongoing and as working full time was under the impression that i have to pay for my prescription.I'm on a low income and get the princely sum of £5 working tax credits a week and have heard i may be exempt from having to pay for treatment/prescription.Anyone know the answer.?cheers

2007-09-26 04:02:26 · 7 answers · asked by rwjh1979 2 in United Kingdom

I was just wondering if it will be better to have 2 accountants where one will do my business tax while the other will prepare my tax return...

2007-09-26 03:58:09 · 3 answers · asked by just_liysa 2 in Philippines

A friend of mine was audited by the IRS for her 2004 tax return. In the initial communication, the IRS requested certain proof and documents which she promptly sent. Now she received a new letter stating that her return was adjusted and she owes $2,600 and must pay in ten days. She doesn't really understand why because she had her taxes done at a professional place located in NJ. It is called "Malqui Tax" which caters to the spanish population. She has done her taxes there for the past 3 years. They supposedly have audit protection. I advised her to contact "Malqui Tax" and have them provide audit defense but she can not get in touch with them. We googled the place and they have several locations in NJ and none of the phone numbers work. They are all disconnected. What can she do at this point? Thanks.

2007-09-26 03:12:55 · 12 answers · asked by Anon 1 in United States

2007-09-26 03:03:43 · 4 answers · asked by 860-7SHARON O 2 in United States

Feel free to go into details. I'm thinking of starting one but I want to know how owning my own business could potentially help me reduce my taxes and allow me to reap a higher profit. Thanks

2007-09-26 02:54:06 · 6 answers · asked by aeroprodrivemaster 1 in United States

do i have to pay taxes on this amount? it was split between 5 of us

2007-09-26 02:52:30 · 2 answers · asked by Anonymous in United States

I am not sure about the 42 cents part.Is there a way that i can track this check to see if it was taken even if i am not sure about its exact amount?

2007-09-26 02:20:01 · 5 answers · asked by Sam628 1 in United States

2007-09-26 01:46:12 · 8 answers · asked by ksloan15522 1 in United States

can I claim the annual business amount on my taxes by getting a business credit card?

2007-09-26 00:57:54 · 6 answers · asked by John S 1 in United States

2007-09-26 00:07:23 · 5 answers · asked by Ron S 1 in United States

If i run an adult website were consumers buy webcam shows from independent persons listed on my site but i handle the billing process thorugh my website, am i subject to pay taxes, state and federal ? im not sure of if there are such laws in place for things like this. and if so, would it be considered sales tax ?

2007-09-25 23:24:50 · 9 answers · asked by Anonymous in United States

I just got a notice from the IRS that I owe taxes from 1999. I don't know how this could be right. I called the IRS last year and asked them if I was good on my taxes and they said yes. So I have all this interest to pay now. Does anybody ever settle with the IRS on an amount that is less? It is only $275., so I don't think it would be worth getting an attorney. I don't know if there are other options besides making payments or paying the full amount. Help!

2007-09-25 19:34:28 · 7 answers · asked by Caroline 1 in United States

2007-09-25 19:18:36 · 3 answers · asked by Priscilla A 1 in United States

Example:
'Company A' and 'Company B'

'Company A' provides phone service.
'Company B' is a phone company that allows 'Company A' to provide phone service under the 'Company A' Name.

Basically, 'Company A' is a middle man.

'Company B' charges 'Company A' $5 a client
'Company A' charges client $10

'Company A' receives payment and then pays 'Company B' the remainder.

is there some sort of legal way to organize this with IRS? Is there a form or something that needs to be filled out for tax reasons? is 'Company B' like a sub-contractor, and should be paid in a salary or commission form?

2007-09-25 17:18:38 · 2 answers · asked by Anonymous in United States

2007-09-25 16:31:34 · 2 answers · asked by Michael M 1 in Other - Taxes

2007-09-25 16:24:57 · 5 answers · asked by biebs51 1 in United States

I bought my condo for $330,000. I have a first mortgage for $285, 000, and a silent second, third and fourth equaling about $45,000. I am selling the home for $180,000. What am I going to owe in taxes?

2007-09-25 14:45:23 · 3 answers · asked by ajjsmith78 1 in Other - Taxes

Im starting work soon and don't think i'll need the benefits that they offer because I have health, dental and vision from my husbands plan. If I choose not to take it will I make more money?

2007-09-25 13:56:05 · 6 answers · asked by Yeah 2 in United States

2007-09-25 13:15:48 · 6 answers · asked by Anonymous in United States

Imagine two people starting with 2,000 pre-tax dollars to invest at age twenty-five. The tax rate is a constant 25 %, and the capital gains rate is constantly 15 %.One person invests in the ROTH IRA (for 1,500 dollars because of the tax), and one invests in the Traditional IRA. If the annual rate of return for each investor is 8%, who does better in the end if retirement is age 70, exactly 45 years later?

2007-09-25 12:48:48 · 3 answers · asked by Runner 1 in United States

2007-09-25 12:46:02 · 2 answers · asked by Nick 5 in United States

My grandmother recently passed and she deeded her home to the grandchildren. We took possesion of the home, this wasn't inheritance by the way, and we have sold it. From what I understand I will have to claim this money as Income for 2007. I usually just use the 1040ez form because I don't own property and I have no deductions or anything that would make me use the long form. My first question is can I still use the EZ form with this type of income? Secondly, will I get something in the mail to document these earning? I don't think the attorney is making us fill out w9's, so I'm not sure how to report this. Will this be considered as capital gains? I've heard they tax capital gains more significantly than earnings from employment.

Any advice would be great. Thanks.

2007-09-25 12:28:08 · 7 answers · asked by Anonymous in United States

2007-09-25 11:47:19 · 3 answers · asked by CantBClever 2 in United States

We have refinance our personal home and we had to pay points which I will deduct the points on Sch A but we also paid other expenses such as escrow fees, title fees, loan origination fees. Can we deduct these fees as well and which form should we use ... thanks

2007-09-25 11:41:56 · 4 answers · asked by Anonymous in United States