Taxes - October 2007

I would like to know how they come up with the amounts deducted that come on my paycheck? There was the option of me paying taxes, or it just being deducted. I would just like to know that the boss isnt taking a larger share than necessary for taxes.

thanks.

2007-10-02 11:38:38 · 5 answers · asked by Anonymous in United States

sometimes theyll take 40 and sometimes 80 in tax why is this?

2007-10-02 11:08:06 · 5 answers · asked by Anonymous in United States

are any of the experts here an expert
re USA tax cert. sales? NOT mortgage
foreclosure sales. DIfferent thing!

2007-10-02 10:17:32 · 1 answers · asked by kemperk 7 in Other - Taxes

I need to kno the difference between capital expenditure and revenue expenditure and the difference between capital receipt and revenue receipt, thanks

2007-10-02 10:11:44 · 4 answers · asked by Kacey W 2 in United Kingdom

I'm low income individual and with no permanent job in the past or present, is there a way to do income tax without W2 forms; what do I expect when I decide to filed; I have with me about 3 W2 forms of my last employers in 2005-2006 and I'm kind of afraid because of uncertainty of what can happen if I file.
thank you.

2007-10-02 09:51:00 · 9 answers · asked by gamehabit2@sbcglobal.net 1 in United States

Thanks to everybody for your advice..OK so please tell me the best way to save money / reduce my tax liab. with zero dependents. Any kind of investment but short term (1 or 2 yrs) or Roth IRA etc. I need money after such period so I will prefer with no penalty on withdrawl.

2007-10-02 09:33:32 · 6 answers · asked by Avi 1 in United States

I'm working in USA in H1b visa. I'm willing to make some contribution to a non profit organisation in India in a monthly basis. Can I do so? If so, what are the procedures and will my tax get deducted?

2007-10-02 08:29:45 · 1 answers · asked by ahila j 1 in United States

2007-10-02 08:03:30 · 3 answers · asked by red0508 1 in United States

http://www.tax-freedom.com

2007-10-02 07:39:57 · 14 answers · asked by Shane P 1 in United States

hi would it be possible to do the above ,my council waited thirteen years they never contacted us then when they did i was 14000pounds in arrears i know i have a responsibility ti pay but surely they have a responsibility to they have now made me bankrupt and i think this is unfair what do you think

2007-10-02 07:36:11 · 8 answers · asked by swglover2000 1 in United Kingdom

2007-10-02 06:54:25 · 5 answers · asked by MAster SenSei 2 in United States

Yesterday I ask Question about Tax credit/any deducation for my children (both are in India with my parents) but both are U.S Citizen. Please tell me what type of credit available to us.

2007-10-02 06:54:21 · 3 answers · asked by Avi 1 in United States

Posting for a friend.

She is recently divorced, have child together. Her ex and her didnt pay taxes for a few years. After the divorce they were working to get it all cleared up. Recently they had some money come in and they had to cash the check together. In the bank he told her they were garnishing his wages and he needed the whole sum of the check to pay back taxes. He had no proof of this. She gave him the money on good faith. Now, her wages are being garnished. She has asked him for reciepts and proof of the taxes being paid. He cannot furnish anything legit.

How can she go about finding out what they have owed over the time they didnt pay. What was paid if anything and when it was paid?

2007-10-02 06:52:52 · 3 answers · asked by slabside 1 in United States

I ve had the house for a year now. I dont have enough paid off to apply for an equity loan. I am going through a divorce which has been the main reason why i havent been able to pay the escrow on the property each month in addition to the loans.

2007-10-02 06:47:37 · 10 answers · asked by Anonymous in United States

Is there a law? Is it legal or constitutional? What happens if you don't pay?

2007-10-02 06:17:28 · 8 answers · asked by Anonymous in United States

2007-10-02 05:45:53 · 4 answers · asked by KF 2 in United Kingdom

2007-10-02 05:43:41 · 3 answers · asked by simply_made 4 in United States

I have a company, but I'm not registered as a company and I currently don't pay tax on what I earn (I havn't earn't much yet).

1. Where do I have to register my name and for tax?
2. Would I have to declare myself as self-employed - if so how?
3. Should it cost anything to do any of these things?

Thanks in advance!

2007-10-02 05:38:33 · 2 answers · asked by r s 2 in United Kingdom

Okay, my 401(k) plan investment options suck. I want to roll the money into an IRA so I can choose better (lower fee) options.

However, our plan does not offer in-service withdrawals, and I like my job.

Can I arrange a scheme with my employer where I "quit" for a period of time, unpaid, and then I am hired back? If so, can I rollover the funds while I have "quit"?

I am fully vested in my 401(k), and my employer has a written policy in place where employees who are re-hired within four years keep all their seniority benefits like vacation time and 401(k) vesting schedules, so the only thing I would lose would be my paycheck while I am in "quit" status.

If this is legal and works, how long would I have to "quit" for in order to do all the required paperwork? What risks am I incurring by trying this?

-->Adam

2007-10-02 05:04:27 · 4 answers · asked by great_and_mighty_adam_levine 4 in United States

My last employer only reported that I made 125.00 a wk. It was 320.00. I'm trying to get unemployment now and I can only get 58.00 a wk. if I qualify. If someone turned him in to irs who would be liable to pay the back taxes?

2007-10-02 04:21:50 · 7 answers · asked by Anonymous in United States

Ugh, this is really bad, but anyway...
I lied on my resume syaing that I had worked before when I actually hadn't. Anyway, I got a job and the manager told me to bring in my P45 form (I think that's the equivalent of a employment certificate SC3). Trouble is I don't have one!

If I tell her that it was a casual job before and I got paid from the till, so I didn't get a form what will happen? Will revenue hunt me down and have me for fraud?

Or does anyone have any other suggestions as to what I could do?

2007-10-02 03:47:00 · 10 answers · asked by Gismo 2 in United Kingdom

I received a letter from the IRS asking for proof of my 2004 charity deductions. I did not save any of my receipts from that year. What is my best course of action?

2007-10-02 03:16:23 · 2 answers · asked by Moose 1 in United States

I was a contractor for 4 months last year, and I was self employed for that period of time.

I frequently worked from home (33%). My employer also provided a place for me to work in their office. ....

Can I still claim home office deduction?

Can I claim for vehicle expenses that I incurred towards commuting to work, going to user groups, trade shows?

I used my personal home computer to connect to the work to do work. and I have bought couple of books towards my business.

I have a sizable income from my contractor work. If I can not take home office or vehicle deduction, I do not have any other expenses.

Please help.

2007-10-02 02:41:36 · 4 answers · asked by Andy_Yahoo 1 in United States

And do they right away,get into your bank accounts and stuff or do they wait and see if your gonna pay or not?or should i say how long before they attack your bank accounts?

2007-10-02 02:38:33 · 6 answers · asked by skyfly 1 in United States

I am making installments payments with the IRS in 2007 for taxes owed last year. Do I get to claim the taxes paid this year for last year, also what about any interest?

Thank You,

2007-10-02 01:30:29 · 5 answers · asked by Sky Hawk 1 in United States

Lets say you have a 1099 and you cant pay all the money at the time you file,do they set up a payment plan or how do you go about that?

2007-10-02 00:48:36 · 5 answers · asked by yeah!!! 3 in United States

My soon to be ex husband and I sold our house back in June. Our divorce will be final in Jan - 2008. We made a $30,000 profit from the house. We payed off all of our "together" bills. Then split what was left. Do I have to claim my share on the taxes? Or will we need to do our taxes together as married - but seperate?

2007-10-02 00:21:40 · 5 answers · asked by TUNA_BURGER 1 in United States

& I live in the U.S. What are the requirements by the IRS to be able to claim all or part of the bill on my taxes?
Thanks

2007-10-01 22:44:10 · 5 answers · asked by Edward J 3 in United States

I know, stupid question but I don't know. If I return my ipod, could I receive my money back in cash?

2007-10-01 22:37:34 · 4 answers · asked by L 3 in United States

Can you advice me how to go with this? A few months ago, I received a tax bill from the IRS stating that I owe back taxes for 2003. I used Hewitt Jackson. They must have made a big mistake with my taxes for 2003. They misrepresented my information. now I am stuck with a hefty bill from the IRS. Can someone please advice how I can successfully negotiate this bill with the IRS? I do not seem to have any recourse with the tax filing company. They are totally not responsive. I just felt that SOME of these services are not competent.

2007-10-01 21:39:20 · 3 answers · asked by Olu 1 in United States