Taxes - October 2007

Refer Q asked 20min today..Lottery was based on lucky email ID stating that u r extremely lucky amoung 250000 email IDs. They also specified Identification No. lucky draw no.,Batch No.etc. Also they mentioned ICICI account no. of the person to whom money to be paid in cash.Even then is it fraud ? Please reply if u have ever received such email from England/Netherland or other foreign company.

2007-10-06 18:11:39 · 7 answers · asked by Anonymous in United Kingdom

My friend (in India) received email(Yahoo account) from London Lottery company. He was asked to pay some amount to courier company to receive the won prized amount.Is it just to earn by making Indian people fool.
Since my friend is busy,I am asking on his behalf.

2007-10-06 17:51:09 · 11 answers · asked by Anonymous in United Kingdom

Ok, so I have a friend at work and she has a 2 year old little boy. But last year she let her bf carry her son-the dad, and she carried 2 of her friends kids on her tax returns. Well she came to work crying about how the IRS sent her something saying she owes $6k to the IRS. I want to help her out but I dont know what to do. Is there anyway that she can turn in some sort of paperwork that would get the IRS off her back, like something that would make her not owe anything, or what is the worst that they are going to do to her. She is now raising her son on her own and she needs her full paycheck as well as her future returns. Help please. She is really stressing out and I hate seeing her like this.

2007-10-06 16:17:26 · 10 answers · asked by kellie_new_mom25 2 in United States

2007-10-06 15:19:15 · 9 answers · asked by Anonymous in Australia

2007-10-06 14:38:50 · 4 answers · asked by sweet kiss 4 in United States

I paid out of pocket for a couch, chairs etc..

2007-10-06 12:58:39 · 3 answers · asked by susiekisber 1 in United States

My family paid off my credit card bill last year; this year I am able to pay them back and was going to just write them a check. But are there any tax penalties? The amount is more than the maximum gift allowed per year.

2007-10-06 12:54:40 · 5 answers · asked by Anonymous in United States

when working outside of the US a hypo tax is express in your salary.

2007-10-06 12:53:11 · 5 answers · asked by Darryl S 1 in United States

Both my husband and I just got new jobs and we are confused as to what to claim I already put 3 but he has not filled his w4 out yet was claiming 3 a mistake and now what will my husband have to claim.

2007-10-06 12:52:15 · 4 answers · asked by steffi 2 in United States

Does it depend on how much I make an hour? I don't want to work so much overtime that I get taxed more and have a small check anyway. Anything over 40 hours is overtime/time in a half, I also get paid bi-weekly if that makes a difference. I am not in a management position

2007-10-06 12:26:27 · 3 answers · asked by country2125gal 2 in United States

i live in california and i heard that if you make under $6000 you get all the income tax back from the government. is that true? if not how much is it?
how do you get income tax returns? when?

2007-10-06 11:58:01 · 4 answers · asked by hk6732 1 in United States

I am currently in college. I just started my second quarter and realized that books and supplies cost an arm and a leg, perhaps even my own life. Hahaha...
Anyway, I know that tax season starts around March 08, what are some items that I can put as deduction? Should or should I not make an itemized tax report as a college student? Why or why not? I want to maximized my return since art school is pretty expensive and I only make under $14,000 a year. I live in an apartment and I think I will be getting a disability soon. What should I do with my taxes?

2007-10-06 11:24:17 · 2 answers · asked by Lord_Benjew 2 in United States

I have read that in 2008 the capital gains tax will be 0% for those in the 15% tax bracket (about $63700 AGI)
If true, how will the IRS treat a combination of capital gains and earned and unearned income.
For example
sold stock with a cap gains of $63700
additional income $40000
will first $63700 from cap gains be considered first?, therefore $0 tax and then the $40000 considered in the 25% bracket?

2007-10-06 11:23:45 · 2 answers · asked by skipper 5 in United States

Will I still required to pay capital gain tax if my Unrealized Loss in stock market is bigger than the Realised Profit by the time I file income tax?

2007-10-06 11:22:23 · 3 answers · asked by sel_bos 3 in United States

2007-10-06 10:58:14 · 4 answers · asked by rhindbaugh 1 in United States

I have an online business (self-employed). If I put $1,000 (or whatever amount) into advertising my business, then do I get a $1,000 deduction? Or do I only get part of the money back/applied toward tax bill? Try as I might, I just can't understand taxes.

2007-10-06 10:33:00 · 4 answers · asked by merebear83 2 in United States

I AM FIFTHY-NINE AND PLANNING ON TAKING THE MONEY NEXT YEAR TO PURCHASE A HOME IN ANOTHER STATE. THIS WILL BE MY FIRST HOME. I WANT TO USE SOME FOR THE HOME AND INVEST WHAT IS LEFT OF IT.

2007-10-06 10:29:29 · 3 answers · asked by buffy 1 in United States

2007-10-06 10:23:58 · 8 answers · asked by Anonymous in United States

I want to know if i should claim my son the year income tax or should i let his dad claim for him this year2007? i just got a job this octomber2007. his dad claim both his son and myself last year2006. the thing is that we are no longer together, but i still live here meaning my ex-byfriend place, till i find my own place. the other question is will i we able to fill let's say the following year2008?

2007-10-06 10:06:17 · 8 answers · asked by Anonymous in United States

2007-10-06 09:30:53 · 13 answers · asked by Anonymous in United States

2007-10-06 07:32:53 · 6 answers · asked by Counselor 3 in United States

I recently received a letter from the North Carolina Dept of revenue saying that I owe taxes for FY 2002. I sent them a copy of a transcript of my Federal 2002 taxes which showed a much lower amount of income than what NC dept of revenue shows. I thought state income taxes always went by what the IRS shows for income. What should I do next? I believe the state somehow made an error.

2007-10-06 06:31:27 · 7 answers · asked by Zoggin 2 in United States

We are a gay couple in Texas and since texas dont recognize gay morals. How would we file for property taxes on a new home for 2007?

2007-10-06 05:28:35 · 5 answers · asked by jesi 1 in Other - Taxes

I'm going to design a website for a NFP organization and I'd like to claim a deduction on my taxes. I'm not incorporated in any way.

2007-10-06 04:17:28 · 4 answers · asked by That Guy 2 in United States

Also can I claim her as a dependent? Just need a little help with what I should file at the end of the year ?

2007-10-06 04:01:45 · 9 answers · asked by redluski@sbcglobal.net 1 in United States

The US employer asked my father to fill a W-9 form in
order to pay him for services provided to them in South America where my father resides permanently. I've told my father that a W-9 is for
US residents, not for foreigners. And that he should
provide them with a W-8 form instead. Am I correct?
Or is there another form he should provide to avoid unnecessary US income tax witholding ?

2007-10-06 02:55:55 · 5 answers · asked by Anonymous in United States

Bought a home together for 119000.00 sold 10 yrs later for 238000.00 divorced proceeds get split what about purchase price.

2007-10-06 02:25:30 · 3 answers · asked by freestyle1154 1 in United States

I used to have a small business in my home for about six years. Then I completely closed it. During this period I filed my tax returns as a single unmarried "self employed" person.

Since then I have lived on savings & had no income from business nor have I worked for anybody for a salary for couple of years.

When I file my tax returns for last two years, am I considered self employed & do I have to file as "self employed" ?

If yes then now onwards if I don’t want myself to be considered as self employed & not want to file as "self employed" what do I need to do ? I am single & unmarried.

2007-10-06 01:03:42 · 4 answers · asked by Tom 1 in United States

will they take to mail me the new I-1722

2007-10-05 21:20:19 · 4 answers · asked by twinkletoes 1 in United States

i need someone experienced and most of the people i find are the ones that have just taken a short tax-preparing course and only work during the tax season ! i need someone very experienced and a true professional

2007-10-05 21:05:52 · 8 answers · asked by twinkletoes 1 in United States