Taxes (Business & Finance) - October 2007

5 ⤊

Do you get a higher tax refund check if you?

file with more than 1 exemptions/allowances, or is it the opposite?

2007-10-22 09:46:17 · 8 answers · asked by Robbie 3 in Other - Taxes

0 ⤊

do i have to pay taxes on retirement income of 15,000?

2007-10-22 09:37:15 · 5 answers · asked by Anonymous in United States

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Working full time + freelance how does my tax work?

Hi I work full time earning £21,000 and currently in discussion to start doing some freelance website work on the side for 1 single client. They want me to invoice them monthly and they will be paying me between £250-450 a month (not agreed it with them yet) direct to my account.

What I need to know is what I need to do re tax etc as I've never done freelance work and always been employed full time so really confused. I guess from reading other questions I have to register as self employed (yet whilst also having full time employment as I will continue my normal job).

As I will only be earning £250 (maybe £450) a month and will be the same set amount a month I am worried I will loose it all up in tax, like I pay over that in tax for my full time job. Or does it work that I will pay very little tax as I will only be getting £3000 a year from this freelance work?

Any help would be much appreciated, I am going to call HMRC in the morning but wanted something to ease my mind now.

Than

2007-10-22 09:31:01 · 6 answers · asked by nigelsmith27 1 in United Kingdom

0 ⤊

I have a job offering me 35000 a year. I am single, what will i bring home a year? a month?

2007-10-22 08:37:33 · 2 answers · asked by norsegirl04 1 in United States

2 ⤊

Married with kids or nonmarried with kids with taxes??

I have 2 children that I recieved earned income credit for. If my boyfriend and I were to get married would I loose all my tax money or would it be about the same??

2007-10-22 08:19:39 · 3 answers · asked by Anonymous in United States

4 ⤊

Why are there 2 different FICA deductions on my paycheck stub?

There are Social Security Deductions, health insurance, savings plan, and other deductions, and then there are 2 different deductions marked FICA. One of the amounts is significantly larger than the other, and we have no state tax.
Can someone please explain so I don't look like a fool going to my employer?

2007-10-22 08:18:46 · 4 answers · asked by mysticrystaldawn 3 in United States

4 ⤊

UK govt takes 44% of our nation's income. What happens next|?

I fear that such a large tax take will destabilise my nation and cause some form of rebellion. Which I don't want. Or maybe I do?

2007-10-22 07:56:20 · 8 answers · asked by Anonymous in United Kingdom

0 ⤊

Can I claim my father as a dependant on my taxes in Texas?

My father has been disabled 9 months of this year and has been living with me. He is not working and has no income until disability kicks in. Can I claim him on my taxes and if so, how much can I expect to get back?

2007-10-22 07:53:14 · 4 answers · asked by P-B Valentina 1 in United States

0 ⤊

I'm using Turbotax software for my tax 2006 return. If I use the efile option, must I pay my tax debt now?

Do I need to pay the taxes immediately when I file, or do I send the payment to the IRS separately?

2007-10-22 07:49:58 · 4 answers · asked by boca brunette 2 in United States

0 ⤊

If a business from Wyoming purchases goods from a business in California, is sales tax charged?

2007-10-22 07:42:53 · 2 answers · asked by PUROLATINO4U 1 in United States

1 ⤊

i have not received my back pay i have been out of work since 2003?

how long is it till you receive your backpay...anyone no....i only have received my third check...

2007-10-22 07:22:58 · 4 answers · asked by DEBORAH W 2 in United States

0 ⤊

If somone made a $2,000 contribution to an HSA can the entire amount be included as medical expense deduction?

2007-10-22 07:22:41 · 2 answers · asked by EBV 1 in United States

0 ⤊

How do Capital Gain Taxes work on a commerical building ? See my example?

I bought a commerical building in 2000 for 80K. Selling now for 380K. What will own in capital gain durring tax time ?

2007-10-22 07:04:28 · 5 answers · asked by Chris R 1 in United States

1 ⤊

do you need to pay taxes on mutual funds you inhearted ?

2007-10-22 06:57:48 · 4 answers · asked by Anonymous in Other - Taxes

4 ⤊

Can a 1099 employee also 1099 someone else for contract work? I.E admin, processing. I don't have a LLC.?

2007-10-22 06:39:33 · 4 answers · asked by Anonymous in United States

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Will there be a tax credit for the Toyota Prius in 2008?

The tax credit for the Toyota hybrids has expired and I am looking into buying one and I could not find out if Congress is going to offerer another credit or dedection.

2007-10-22 06:35:25 · 3 answers · asked by Jeriod T 2 in United States

2 ⤊

Can you donate money to the gov. in return for tax cuts?

Is it true that if you donate all your income to the government as a us citizen youll get tax cuts for the rest of your life or something? I heard that during i think Vietnam or ww2 people used to do this - theres a name for it - and after the war theyd be like tax free forever.

2007-10-22 06:32:21 · 3 answers · asked by Anonymous in United States

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If I use early withdraw from my IRA how do I not get the penalized fee when filing taxes. I own by own busines

and have not paid taxes this year.

2007-10-22 06:29:49 · 3 answers · asked by Anonymous in United States

1 ⤊

Finanicial Aid?

Do/Can you use your school financial aid refund as part of income for tax purposes

2007-10-22 05:46:49 · 2 answers · asked by jordynorr100 1 in United States

2 ⤊

Tax Filing Questions?

I just started a new job last week i get paid bi-weekly. i havent worked all year long until now. does anyone know if i will be able to claim earned income credit, i have two dependants ( 3 year old and a 3 month old) and i file head of household. I was told i would only get the refund of however much they took out of my paycheck for the year but now the earned income for both of my kids. No tax offices are open right now so i cant ask them yet.

2007-10-22 05:38:49 · 3 answers · asked by jordynorr100 1 in United States

0 ⤊

Are tax returns for public record?

2007-10-22 04:01:02 · 4 answers · asked by robbievic 2 in United States

5 ⤊

I am a model. I want pictures to help get jobs. Can I purchase a camera and write it off on taxes?

2007-10-22 03:36:26 · 16 answers · asked by Theresa P 1 in Other - Taxes

3 ⤊

am a model. I want pictures to help get jobs. Can I purchase a camera and write it off on taxes?

2007-10-22 03:35:07 · 4 answers · asked by Theresa P 1 in United States

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I'm single, don't own a home, make 70,000 and claim 1 will I owe at the end of the year?

2007-10-22 02:07:47 · 9 answers · asked by krr 1 in United States

1 ⤊

How much are you taxed?

Okay play fair now. Take a guess then check out this link. Promise?
How much do you think the average american is taxed. That is. Til what day of the year do YOU work until all these taxes are paid up. (fees permits taxes etc.).
Guess a day (like january 12th or something)then read this. But tell me your guess. and be HONEST!

http://www.taxfoundation.org/taxfreedomday/

2007-10-22 00:36:01 · 2 answers · asked by kent j 3 in United States

4 ⤊

Marissa widow may lose family farm over $38 tax bill?

An 89-year-old, blind widow could lose her Marissa farm because she never received notice that she owed $38.08 in property taxes from 2003.
On Thursday, a lawsuit was filed in St. Clair County Circuit Court on behalf of Virginia A. Juenger after a tax buyer, Prairie State Properties LLC of Belleville, purchased her delinquent tax from 2003...

What do you have to say? Read this news at
http://www.bnd.com/news/local/story/152746.html

2007-10-21 23:58:17 · 5 answers · asked by MukatA 6 in United States

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