Taxes - October 2007

I am a nurse and make a decent amt. of money. I feel like I'm being ripped off with taxes. Every paycheck Uncle Sam collects $722.78. I live with my common law husband who has recently been laid off. We have two children. Can I claim him as a dependent?. I have been all year. I file as single with 3 allowances. Is this correct?. I want to make sure that I'm not giving up money I could use.

2007-10-05 20:26:23 · 4 answers · asked by boogiemom 1 in United States

well do i have to wait for my manager to tell me when i get my paycheck?...or do i ask her...well im new at this job(albertson's)and i dont know if my manager will tell me..i was going to my job to try to pick up my check but my sis told me to wait another week to get my check...but i dont know if they already have my paycheck ready for me...and i didnt want to go to the store and ask them for my check..and them tell me that i dont get it yet.....i would feel really dumb!!

2007-10-05 19:38:40 · 3 answers · asked by TonTon07 2 in United States

well i have been working for 5 days already....at albertson's and i am getting payed for the orientation...which was 4 hours ....$30....and these other five days....for 9 hrs...and i we get payed weekly...and i was wondering if i can go pick up my check already or is it too early..or should i wait for another week....becuase i dont want to ask my manager because she will think i am dumb....and i dont talk to any body who works there and idk...i know this question is dumb..but i have never worked!!!

2007-10-05 19:15:57 · 15 answers · asked by TonTon07 2 in United States

2007-10-05 18:22:32 · 3 answers · asked by Anonymous in United States

She's been living with her sick mother and she is now in a nursig home. She also lives with her daughter and brother but she's the only one that has been working, how bad will the penalty be?

2007-10-05 18:02:03 · 6 answers · asked by Zil-Liz marin 1 in United States

I have accepted a position with an online place as an independant contractor. They're legit and issue a 1099 should earnings be above $600 for a calendar year (but you're paid the full gross amount; witholding is up to you), but this is for I assume Federal and State Income tax. I have heard I am also responsible for my own FICA (DOUBLE the amount I pay through my payroll at work, where my employer pays the other half?) for SS/Medicare witholding. Is this true? Is there anyway to get out of this legally (after all, I don't expect SS to be solvent by the time I am gray haired)? Thanks.

2007-10-05 17:17:32 · 6 answers · asked by ebillar 1 in United States

i have been on workmans comp for almost three years. I am a single male, raising two children, when I make any purchases I have to pay tax. I have heard that I can still file for a tax return even without a w-2 form. Could someone please help me or tell me how? I can use the money I am told I am entiteled to.

2007-10-05 16:10:13 · 5 answers · asked by tony d 1 in United States

i received a messaged from a Company called ACA asking to speak to me or me tax preparer wanting me to call them back. at the end of message she said i need to call her back ASAP about an investigation and it could be some type of preceedings. do you think im about to be audited, i only asked because i received NO letter in the mail or no calls from the IRS?

2007-10-05 15:59:50 · 6 answers · asked by mizunderstood 2 in United States

Someone told me you get $500 in tax return if you donate your car to charity. I live in California so another state could be different.

2007-10-05 15:30:04 · 12 answers · asked by Waldo Waldo Waldo! 5 in United States

Does any one know if a contractor pays tax on products purchased that will installed by that contractor as a capital improvement (permanent fixture and improvement of that home)?

I have been told by contractors that when they purchase the product no tax is paid because they have a federal and state ID number they use where as if I buy the supplies I must pay tax. Is this true?

2007-10-05 15:29:59 · 3 answers · asked by Traveler 4 in United States

If someone is getting social security and has a dependant, I know they have to claim it as taxable income, just wondering if thats the only household income if they can also claim an earned income credit? Please list sources if you know them. Thanks so much!

2007-10-05 15:27:12 · 5 answers · asked by Sweetness 6 in United States

Researching the presidential candidates for 2008, I keep hearing about whether or not each candidate plans to repeal the "marriage tax". My question is, since current policy allows for "Married, filing separately", is this really even an issue? Or am I misunderstanding the concept of "married, filing separately"? Isn't that an option for married couples that allows them to be taxed as if they were single while they're still 100% married, thus dodging the supposed "marriage tax"? If so, then what's the issue?

2007-10-05 14:37:14 · 6 answers · asked by Anonymous in United States

I just do not understand why people do not learned more about their tax situation. I am not talking about complicated things like selling houses, or receiving rent, or selling stock. I am referring to about their filing statuts, filling out W4 forms when they get hire, cashing out 401k plans, just basic tax 101 stuff. Personally, I think every working person in the USA should fill out their own tax returns at least once in their lives. It is obvious by reviewing some of the questions on Yahoo Answers that high schools are not dealing with it and they should. What are you views?

2007-10-05 14:15:35 · 5 answers · asked by Gary 5 in United States

Is it better to file single with a child or married with a child on taxes. Because me and my wife wanted to know whats the best way to file and maximize our return this year. Im thinking of claiming myself and my son this year and my wife to file single but is this a wise choice? Any advice will be greatly appreciated...

2007-10-05 13:13:09 · 4 answers · asked by D'zignz of Kaos 3 in United States

Okay, I live with two roommates and I claimed 3 exemptions on my forms. I just started a new job in August, and I will only make about 16,000. So my question is will I owe the government and if so is there any way to owe less?

2007-10-05 13:00:15 · 3 answers · asked by disabledgrl 3 in United States

2007-10-05 12:55:02 · 4 answers · asked by Minderaser 1 in United States

2007-10-05 12:45:49 · 3 answers · asked by kamikaze pilot 1 in United States

hi. im going to be 17 years old in january of 2008. im a college sophomore in CA, and im working 2 jobs already. i want to file my taxes seperate from my parents although I do live with them and partially depend on them but can live on my own as soon as I turn 18.. Is it possible to file my own taxes and if possible, how do i do this?
thanks

2007-10-05 12:36:07 · 5 answers · asked by Anonymous in Other - Taxes

Ok here is the situation i for 2004 i have to remove my self from someone as a dependent and file myself alone for 2004. for 2003 i did my taxes and i did not include a dependent i was suppossed to like i did for my w-2's in the paycheck stubs with work. i filed single and i need to include the dependent i had for work in 2003. for 2002 is the same as 2003 i need to do them again with a dependent for that year. i received a letter from the irs that i would have to do this correctly or face penalties. but if you think about it i will be paying alot in the tax agencys to do them again for each one of them. and so i was wondering is someone could help me on what i need to do, what forms do i need, and what i put on the forms, and how do i calculate the right amount. also if there is anyone thats a tax agent would be able to help me then he would get my bissness if he could give me a deal on what i have mentioned above on what i need to do so please do contact me if you are a tax agent.

2007-10-05 12:04:01 · 4 answers · asked by chuy1983 1 in United States

I am 22 and own my own house cleaning business. I use my car to go from house to house cleaning. I am able to write my car off for taxes right?

2007-10-05 11:38:32 · 4 answers · asked by Anna K 2 in Other - Taxes

I'm planning to save my salary proceeds in an interest-earning savings account but i'm worried the gov't will still get a chunk of it eventhough they already removed taxes from the salary. What about the interest? Is it taxable? How much? Thanks for your answer.

2007-10-05 11:37:36 · 5 answers · asked by aeg22 1 in United States

I just received a letter from the IRS claiming that I owe over $10,000 for failing to file a tax return from the year 2000. I know, I know...unbelievably dumb. I agree. Suffice it say, I went through trying time personally and wasn't exactly sure I was going to be around in another year or two for it to make a difference.

I've picked up the pieces of my life. I'm still very much struggling financially but at least want to stay in the game and get back on track. I don't know, though, that I can pay this fine with my limited financial resources (actually, it's absolutely 100% impossible). Can I plead for an installment plan? Can I get the interest removed? I know I don't deserve pity as I didn't act in good faith at the time, but I absolutely cannot just fork out 10 grand to put this to bed.

2007-10-05 11:27:22 · 5 answers · asked by ayumi83himeji 2 in United States

I am just married after 1 year of being engaged.
My wife is a full-time student in a four year college, she has no source of income and has relied only on me for the past two years.(even though her parents have claimed her as a dependent for these past years) I am however, out of college and have a full time job. Now that we are married would I be able to claim her as a dependent on my tax returns. This would probably help out our financial situation greatly, if I was able to do so.

I prefer individuals that are knowledgeable and not guessing to
answer my question.
Thanks

2007-10-05 10:53:33 · 7 answers · asked by Anonymous in United States

I was just offered an entry-level position @ $30,000.00. That equates to $2,500.00 a month gross. How do I figure out what my paycheck will be every two weeks? How do I figure out how much will be taken out if I claim no dependents. I live in New York state btw...

2007-10-05 10:23:48 · 3 answers · asked by parker 2 in United States

My employer takes alot of money out of my paycheck for FICA!

What happens to that money when I reach the retirement age? Can I get it ALL back at age 68? Or do I have to qualify for my own money?

2007-10-05 10:14:23 · 9 answers · asked by Anonymous in United States

i am an income tax preparer and the tax season is over so i dont know what to do!! can somebody help me?

2007-10-05 10:07:57 · 3 answers · asked by Myrna B 1 in United States

can my accountant go for me

2007-10-05 09:45:12 · 2 answers · asked by rockwyou 1 in United States

2007-10-05 09:26:28 · 7 answers · asked by rockwyou 1 in United States

What if you just wait to send in your taxes after the deadline without actually filing yet? Say you owe and the deadline extension is october 15th 2007 and you wait to file when you have some or most of what you owe?

2007-10-05 09:24:10 · 2 answers · asked by lukin4mimojo 1 in United States

just started a business and kneed to know the taxes to set aside

2007-10-05 09:23:15 · 2 answers · asked by James B 1 in Other - Taxes