Taxes - October 2007

I am Singapore citizen. Was wondering if I open an on-line savings banks account with bank in the US and deposit an amount of money, will its interest earned be liable for tax in US?

How about US Government bond? Is the interested earned taxable in the US too?

cathylmg

2007-10-14 20:36:51 · 3 answers · asked by cathylmg 1 in United States

2007-10-14 19:47:07 · 8 answers · asked by cindy 1 in United States

2007-10-14 19:29:42 · 1 answers · asked by Anonymous in Australia

I pay child support. I have joint legal custody w/ visitation. Normally my sons mom would claim him but this year she didn't work...( or what work she does have pays cash under the table) She lives with her boyfriend and he does help with his care but i know he can't claim him. I would love to claim him and even willing to split the cash but she wont believe that i will. Any suggestions

2007-10-14 17:02:19 · 7 answers · asked by Brian R 1 in United States

When we fill our car up with gas, is tax included? If so, would I be able to get tax return if I save recepit from gas????

2007-10-14 16:59:44 · 8 answers · asked by blake 1 in United States

What EXACTLY is the point of taxes? And how old do you start paying them or what exactly?

2007-10-14 16:19:53 · 6 answers · asked by VanityRayne89 2 in Other - Taxes

I cannot believe the #'s I am coming up with are correct, and since I am a procrastinator by heart I don't have time to have a professional review my stuff. I assume I'd have to pay a penalty if I truly do owe what the system says I owe but don't pay on time?

2007-10-14 14:50:55 · 5 answers · asked by Grey 1 in United States

My husband is self employed and I am not, his ex wife has a right to see his (and now our) tax returns I do not want her to know how much I make, is it possible for me to file alone?

2007-10-14 14:23:46 · 8 answers · asked by Andrea G 2 in United States

2007-10-14 14:10:20 · 9 answers · asked by magnanimous 1 in United States

Tax return is ready for joint-filing. Should I just sign and send it w/o her signature? redo filing as single-head of household? Any other option? Thanks.

2007-10-14 13:27:17 · 8 answers · asked by Alejandro O 1 in United States

My fiance and I would like to save approximately $40,000 - $50,000 in the next two years to buy our first home and have a financial cushion. We will be placing the money in a savings account. Will we have to pay taxes on this money? If so how much & how is it determined? I know for things such as financial aid and filing income tax returns they always ask how much do you have saved. Why? Can I be disqualified for financial aid because of the savings even though its for a home?

2007-10-14 13:16:29 · 6 answers · asked by Anonymous in United States

2007-10-14 13:06:01 · 3 answers · asked by cindy10040@sbcglobal.net 1 in United States

should i take some kind of course like the one h&r block offfers or what . thanks.

2007-10-14 12:50:12 · 4 answers · asked by DARK WOLF 2 in United States

If I do not have to file how many years can I go without filing as long as taxes are owed back to me?

2007-10-14 12:37:24 · 5 answers · asked by Anonymous in United States

2007-10-14 10:56:34 · 4 answers · asked by d.dmel9008 1 in United States

1. I bought items (my solo LLC business did actually) to lease to a another business
2. I went into debt to buy these
3. The business never paid me rent
4. The business still has the items; they never went officially out of business but they are not doing business
5. I had to pay for these items and they are all paid off in 2006 after paying on them for about 2 years
6. I use cash accounting
7. My business went out of business in 2006
8. I consider the debt uncollectibel and cannot recover the property which is in the former lessee business owner's possession. I do not know where they are.

Can I file a business loss for my (late filing under an extension) business? I know this is cash method BUT I had these items essentially taken from me without payment and I'm out a bundle/

2007-10-14 09:24:35 · 2 answers · asked by geocache22 2 in United States

2007-10-14 08:42:37 · 3 answers · asked by lilian k 2 in Other - Taxes

We came into some financial trouble this year when I lost my job so my boyfriend filed "exempt" on his taxes so that we could pay our bills--because they were taking out SO much money. Now it's 4 months later...and I'm worried that he will owe. How do I find out if we are going to owe money, and how do I calculate how MUCH we will owe? And will we still be able to get our child tax credits? Ugh I'm worried...Any advice anyone? Anyone know how all this works?

2007-10-14 08:11:26 · 5 answers · asked by tracy 1 in United States

How are people doing this? What kind of money ar they getting, like a couple hundred or thousands? Wont they go to jail? How are they doing it?

2007-10-14 07:45:05 · 6 answers · asked by ? 3 in United States

My friend went like 7 years without filing taxes. How would she go about getting that straightend out? can she file all those lost years, or is there only so many years she can go back. she says she doesnt owe anything, its all about the money owed to her. but she has people who garnish her check and therefore she probably wouldnt get the money. but i figured id try to help her cause at least her bills would go down if they were to garnish her taxes.
Please help me to be able to give her more solid advise and if i was to help her - what would i do first?

2007-10-14 05:53:55 · 7 answers · asked by confussed 2 in United States

I am 15 years old and have $6,000 that I have earned for working through a website. Once I submit a W-9 form, I will be recieving the $6,000 in one check. The website will not be taking out taxes, social security, etc. How do I go about taxes, and what will happen if I deposit the check and just don't do the taxes? I am completely new to taxes and tax returns and all that so please answer in simple terms!

2007-10-14 05:43:58 · 3 answers · asked by Anonymous in United States

2007-10-14 04:31:31 · 2 answers · asked by Anonymous in United Kingdom

2007-10-14 04:09:28 · 6 answers · asked by ricardohigherlevel 1 in United States

For example, if I move and pay my friends $100 each to help me load the moving van, obviously no one is going to declare that as taxable income. The high-school kid who mows my lawn every couple of weeks surely does not declare what I pay him.

So when does declaration of income become necessary?

2007-10-14 03:36:53 · 10 answers · asked by Wondering 2 in United States

my aunt is concerned about taxes as she is 66 and is receving social security and now has a job making 200.00 a week.
Any answers on this one?

2007-10-14 03:29:39 · 7 answers · asked by cb 2 in United States

2007-10-14 01:10:24 · 8 answers · asked by Anonymous in United Kingdom

2007-10-14 00:36:09 · 14 answers · asked by Lisa Holler 2 in United States

increase, stay the same, or be lower?

2007-10-13 22:47:17 · 5 answers · asked by Anonymous in United States

I am thinking about doing this because we are in a bind. Do you have to wait til December to be able to do this, or could we do it now with our last paycheck stub? I know the fees are steep, but we really need the money.

2007-10-13 19:36:31 · 2 answers · asked by Anonymous in United States

2007-10-13 19:16:00 · 7 answers · asked by Anonymous in Other - Taxes