Taxes - October 2007

2007-10-21 16:15:19 · 2 answers · asked by Bin H 1 in Other - Taxes

I am 18 male living in California and i work at a sushi restaurant making minimum wage maybe like 400 dollars a month

2007-10-21 16:03:51 · 9 answers · asked by Alan Y 2 in United States

Is it required that a paystub have YTD (year to date) printed on them? Does it vary from state to state?

2007-10-21 15:54:32 · 7 answers · asked by Amethyst Crystal 1 in United States

Is the tax .08 multiplied by what ever you buy?

2007-10-21 15:52:43 · 1 answers · asked by dnlbottemiller 1 in Other - Taxes

Ok so apparently you have to justify everything you write off as a business expense, right? So, how do they define it as being justified? Do they have some sort of standard to follow depending on the type of business your running?

What if you have stuff thats for business but also personal use? Like these headphones i bought - i bought them for myself but i also use them to test out the sound cards on laptops i sell (i sell computers over the internets)

Could i go as far as writing off my half-life 2game wich i bought for myself? I could say i use it to test out the video cards on the computers i sell, and i have actually done that so that i could take pics of a laptop running that game.

2007-10-21 15:06:13 · 7 answers · asked by Anonymous in United States

we both own a home as a primary residence, but we rent one and live in the other

2007-10-21 14:52:46 · 11 answers · asked by del 2 in United States

I'm a Canadian citizen, and I owned a pre-contruction condo for ~2yrs. I do not own any other property.

It was my intent for it to be my principle residence. I went for the house inspection and had my lawyer prepared all the necessary documents. After the inspection, I later realized it was not a place where I want to live in. It was very close to the final date for the ownership transfer (with the developer) and I sold the condos to another person.

My question is if I can treat this as my principle residence and not pay tax on the gain? If not, it this a "capital gain" of which 50% is taxable?

2007-10-21 14:24:38 · 2 answers · asked by Zepan 1 in Canada

Sold merchandise costing $15000 to Kimmel Company on account for $21000 plus 7% GST of $1470 and 5% PST of $1050; terms FOB shipping point n/30

2007-10-21 13:56:15 · 2 answers · asked by Sandra 2 in Canada

Last year I got approximately $200 back from both state and federal taxes. I was claiming 3 dependents. This year I am claiming only myself, so am bringing home less each month, even though my annual salary is higher. Will my tax return inrease this year?

2007-10-21 13:48:59 · 6 answers · asked by buffy2vt 1 in United States

does your income affect the answer

2007-10-21 13:32:10 · 5 answers · asked by korax777 2 in United States

To write off stuff on your taxes? Like business expenses etc.? I sell stuff, and im planning on filing taxes this year. Id like to open an LLC but im a minor. Hows this going to work? If i dont file taxes will they tax my parents for my income? If i file taxes can i still writeoff business expenses? What about inventory costs? Someone told me i cant pay taxes only my parents. But my business just cant afford to be paying taxes for my parents tax bracket without making my parents money!

2007-10-21 13:20:35 · 4 answers · asked by Anonymous in United States

What is Earned Income Credit in regard to federal income tax? Whom does it benefit, single parents, low wage earners, large families,etc?

2007-10-21 11:59:01 · 4 answers · asked by angrycelt 3 in United States

I have all the receipts for them.

2007-10-21 11:49:05 · 5 answers · asked by sniperkill546 2 in United States

2007-10-21 10:41:39 · 4 answers · asked by EBV 1 in United States

I work in a hotel in Colorado, and at this job I am currently making $8/hr. (Not great, believe me) Anyway, my brother works in a machine shop and a friend of me works for an internet company. They also make $8/hr each. Upon visiting the bank one day, I realize I usually pay between $20-$30 more on taxes a week then they do. We are all within a year or two of age, same marital status, same pretty much everything. We even work in the same city. Does anyone know why my taxes are so much higher? Is there a way I can get them to come down?

2007-10-21 10:36:50 · 5 answers · asked by Anonymous in United States

real estate taxes; does either state have income tax? sales tax and on what items?

2007-10-21 10:33:49 · 4 answers · asked by SEEJAY 1 in United States

So I'm gonna start a job soon. I'm gonna make 7.50 an hour and hoping for at least 20 hours a week. So that's like 150 a week and 300 every two weeks. But how much would I really make with all the taxes included. I also live in CA.

2007-10-21 10:10:23 · 3 answers · asked by bullsrfive 2 in United States

has anyone herd rumors about the irs charging back taxes on past or presest ebay sales or purchases? i had herd a rumor.

2007-10-21 08:30:33 · 3 answers · asked by the_law_man81 4 in United States

I can't find records of how much I paid in estimated taxes. Is there a way to find out what they have received at IRS?

2007-10-21 07:48:25 · 5 answers · asked by Mark C 1 in United States

2007-10-21 07:39:42 · 7 answers · asked by cuddles 2 in United Kingdom

I just got a new job making $50,000. I'm jumping into a new income bracket. I dont know what I should claim on taxes so I dont have to pay at the end of the year. I'm single, no dependents, I rent dont own. Any advice?

2007-10-21 06:05:29 · 8 answers · asked by TLA 1 in United States

In India

2007-10-21 05:56:39 · 2 answers · asked by rsingh 2 in India

2007-10-21 05:15:42 · 6 answers · asked by Jessie 1 in United States

2007-10-21 04:35:27 · 1 answers · asked by Stumped 1 in India

please give me all the details regarding pan card i dont know
anything about this.

2007-10-21 04:02:16 · 2 answers · asked by paul b 1 in India

I have some unusual income this year and will have a big tax liablity. My current car is about to give out so I may want to replace it. can i get a tax deduction for my donation? Is it worth it?

2007-10-21 03:10:38 · 10 answers · asked by DEB1267 2 in United States

2007-10-21 02:53:57 · 13 answers · asked by Anonymous in United Kingdom

I am trying to sell my trailer and have a buyer but have not seen any money yet, they said they want the deed in order to put it in their name but to put a leen on my trailer. I have no idea what it is or what to do.

2007-10-21 01:13:07 · 9 answers · asked by Robin W 1 in United States

I don't really know much about tax returns and why we have to file them. haha. I'm a student and this year i worked part time for about 7 months. I didn't work much and i think i made only about $2,000. A little info about this would help. thanks!

2007-10-20 22:05:42 · 3 answers · asked by jackSprckk 3 in United States

We come up with vehicles that run on alternative fuels such as hydrogen fuel cells?

Currently we pay for our highway improvements through gas taxes that we all pay as we purchase fuel at the pump.

I saw a GM commercial advertising a hydrogen fuel cell vehicle when it dawned on me that if we convert to alternative fuels that run longer or do not need to be fueled as often we will have,
A: Less revenue recieved to maintain our roads through taxation on fuels
B: No way of making up that lost revenue on alternative fuel sales
C: and Just as many vehicles causing wear and tear on the roads we drive on.

How do you propose we could make up the lost revenues?

2007-10-20 19:37:32 · 3 answers · asked by notmuchanextrovert 2 in United States