Taxes - October 2007

Suppose I retire and start collecting Social Security benefits, but I also work part time and earn income. Ignoring any income taxes taken out of my pay, does Uncle Sam also still take social security tax from my wages even though I am now a beneficiary of the system?
TIA

2007-10-19 20:04:28 · 14 answers · asked by rvirzi2000 1 in United States

Because I don't want my low pay check being gobbled up by greedy politicians.

2007-10-19 18:03:03 · 3 answers · asked by Live Laugh Love 6 in United States

when you only file you on your w-2 how much do they take out?

2007-10-19 16:27:11 · 6 answers · asked by Veronica Carter 1 in United States

What is a meloruse tax?
Someone had asked me a question if there is a meloruse tax, and I don't know what it means.
I believe the person spelled "meloruse" wrong, so I couldn't find out what it meant.
Thanks.

2007-10-19 12:51:46 · 2 answers · asked by bengy 1 in United States

ok i need to fax this to the employer today , but i don't know what to check here

it's asking me this

"CHECK APPROPRIATE BOX"
and the options are

Individual /sole proprietor,
Corporation
Partnership
Other &
Exempt from tax withholding


what should i check . This is very confusing because

the lady on the phone told me that the job is a 1099 status , So then why am i filling out a W-9 form ?

2007-10-19 12:44:02 · 4 answers · asked by Anonymous in United States

i honestly don't know how this procedure works for short term investments under which the stock is held less than a year. so whats the MOST that you can get taxed despite income or people you're supporting. what's the highest percent that you could get taxed? for example you may have to pay a complete total of 50,60 or 70 percent? maximum?

2007-10-19 11:05:47 · 3 answers · asked by Anonymous in United States

We will soon close on our new home.

2007-10-19 10:44:14 · 2 answers · asked by julio_slsc 4 in United States

To file my own taxes? Thanks.

2007-10-19 10:37:03 · 2 answers · asked by Kari L 2 in United States

i am new to Avon and I dont have the internet at home. If I am using the internet for "work" Avon purposes would I be able to write that off my taxes?

2007-10-19 10:34:08 · 3 answers · asked by renaemicheli 2 in United States

Wealthy person seeking a family or individual in need of money.

Then if you answered the ad you had to mention why you needed it what you were going to use it for and etc. I know it was a tax right-off for the rich. Do they still do this?

2007-10-19 10:26:04 · 5 answers · asked by Anonymous in United States

What is the annual income maximum, that a person can make and not be required to file taxes?

If someone has not filed taxes in the past 6 years, can they file them now and get caught up? If so, how?

Also, if a person does not have W-4 forms for that time period, how would they get copies of them. If they are unable to get copies, how do they know what amounts to use for filing.

Thanks.

2007-10-19 09:49:27 · 7 answers · asked by Anonymous in United States

2007-10-19 09:39:54 · 2 answers · asked by tax_queries 1 in United States

will I have to pay tax on my pension when I retire

2007-10-19 09:37:01 · 5 answers · asked by DONNA S 1 in United States

2007-10-19 09:23:11 · 2 answers · asked by Anonymous in United States

2007-10-19 09:19:34 · 4 answers · asked by tax_queries 1 in United States

2007-10-19 09:18:16 · 5 answers · asked by woodstock 1 in United States

With my 19 year old and baby and my son, should I claim more on my w2's now so not so many taxes are taken out? Will I still get a refund next year? Would I get child credit for my daughter if she is living at home rent free?

2007-10-19 08:57:20 · 8 answers · asked by Maria C 1 in United States

2007-10-19 08:54:07 · 2 answers · asked by john v 1 in United States

They are owed travel expenses. Can the net pay for the 15th be deducted from the expense check? How would you handle such a situation?

2007-10-19 08:09:31 · 8 answers · asked by patrikios2 1 in United States

Thank You.

2007-10-19 08:07:50 · 5 answers · asked by Heather 5 in United States

My father is interested in changing jobs and with his present job he has a good build up of his 401K. If he closes the 401K account, how will the taxes be handled? Will they take taxes out before he receives the money, after he receives it, in between?? How does this work? Also, if he was to put some of the money into paying a house morage off, will he recieve a tax break? Are there any tax breaks in this? Thanks!

2007-10-19 07:36:06 · 5 answers · asked by Kayla G 1 in United States

What type of forms do I need to have a part time housekeeper/personal assitant fill out? I want to make sure I report what I need to report to the IRS.

Is it better to have this person as an "employee" or an independant contact worker?

2007-10-19 07:31:54 · 2 answers · asked by ladyellei 6 in United States

It's a long story, just wanted to know what kind of access CPA's have

2007-10-19 06:49:39 · 9 answers · asked by pamelajt913 2 in United States

I am doing bookeeping for a small business and need to find the best way to pay my taxes. I am a stay at home mom and do the bookeeping on the side. Do I have to pay taxes quarterly or can I just pay at the end of the year as additional income to my husband. I dont want the added costs of starting my own business.

2007-10-19 06:48:41 · 3 answers · asked by Criddle 2 in United States

2007-10-19 06:42:01 · 2 answers · asked by tina s 1 in United States

Ok, I am going to start off and say that; I work for the federal government and I am a little upset about this. If you win more than $5,000 you have to claim it to the IRS. What is up with that.

I am just trying to figure out what is going on with this country where the government just "has to" have their d@mn hands in everything. Maybe I am being a little irrational but this is just ridicoulous. If you win it, playing poker or any gambling game for that matter you shouldn't have to claim sh!t!!!!.

But I guess that's what I fight for: The land of the free, right???

2007-10-19 06:41:59 · 10 answers · asked by DLB 4 in United States

2007-10-19 06:38:16 · 2 answers · asked by flcarter03 1 in United States

My husband and I are looking into leasing a car for him to use for work. He works from the house most of the time but does drive to see clients a couple of times a week, for which his company does pay mileage. Would we still be able to write off the lease payments (or a portion of them) as a business expense on our taxes?

2007-10-19 05:56:57 · 3 answers · asked by Shelley L 6 in United States

Hi!

I have a ROTH IRA account.
After I bought my stock, it says short term.
Because I don't have to pay tax on my profit, I can sell it after 1 week or 4 year, still I don't have to pay tax.
Am I right?

2007-10-19 05:35:41 · 3 answers · asked by konok1973 1 in United States

I bought a new SUV last week but I did not trade in my older SUV. I listed for sale but now I'm thinking maybe I should donate it. The Blue Book Value is about $2,700 but there about $700 in break repairs needed. So I listed it for $2,000 in Auto Trader. Would it be better to donate it to charity for the deduction?

2007-10-19 05:32:12 · 8 answers · asked by twells1906 2 in United States