Taxes - October 2007

trying to clear my i.r.s debt don't have the money to pay it becuse i'm disabled now

2007-10-01 20:43:27 · 4 answers · asked by junebuggy20042000 1 in United States

I live in Lake county. I'm shocked and unprepared to pay over $11,000. Last year I only paid $7,500 for 2005.

2007-10-01 20:11:58 · 4 answers · asked by Curosity Jones 2 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. .... Question: 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 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. I used my personal home computer to connect to the work to do work. and I have bought couple of books towards my business. Please help.

2007-10-01 19:58:54 · 3 answers · asked by Andy_Yahoo 1 in United States

I work and pay bills so why don't I get a tax check? Do my parents get it instead?

2007-10-01 18:38:55 · 8 answers · asked by Anonymous in United States

I am single, 1 child. I have a parttime job.. that I have recently started in the past couple months. What is the minimum that needs to be earned in order to recieve EIC??

2007-10-01 16:16:02 · 1 answers · asked by tx_homeofhotgurls 2 in United States

I live in DuPage County, IL. and they're due about now! What can I do????? I can make payments if they let me? I just can't come up with that big chunk right now! I don't want my name in the paper or to lose my house! :( Help!

2007-10-01 16:14:13 · 4 answers · asked by Annieme71 1 in United States

2007-10-01 16:10:40 · 4 answers · asked by masuya 1 in United Kingdom

I got my first job and i have no idea about how taxes work
How much do they take off directly from my paycheck including the union fees
and how does federal income tax/return work? What is it??
HELP!

2007-10-01 15:56:27 · 4 answers · asked by hk6732 1 in United States

Is there a way to fing at out? Any telephone number or anything....

2007-10-01 15:12:50 · 4 answers · asked by Anonymous in United States

2007-10-01 15:09:27 · 5 answers · asked by JP 1 in United States

In Texas an automotive repair shop that sales parts in the repair of a vehicle, not for over the counter sales but only sales items to be used by that repair shop in their day to day services offered to customers ?

2007-10-01 14:32:11 · 9 answers · asked by shamikkan 1 in United States

I recently got laid off with my other co-workers and was attempting to file for unemployment in the state of Ca. My question is....Is unemployment insurance the same thing as unemployment?

2007-10-01 13:51:04 · 4 answers · asked by Mischa 2 in United States

how much is that per week?
how much is that per month?
(After taxes)
I have 2 dependents I live in Queens, NY, I am head of household, and I work in NYC.
Thanks in advance.

2007-10-01 13:48:44 · 9 answers · asked by shell11435 2 in United States

2007-10-01 13:43:06 · 2 answers · asked by sam 1 in United Kingdom

I want to contribute to a Roth IRA to plan for my retirement. But I currently live and work in a foreign country and all of my income is excluded from US taxes per form 2555 and the "foreign earned income exclusion".

According to documents I could find on the IRS website: "any amounts that you exclude from income, such as foreign earned income" is not considered "compensation" and so cannot be counted towards what I can contribute to an IRA.

However, I contacted a tax professional and he commented that: "To my knowledge, there is nothing wrong with optimizing the exclusion to leave enough income to contribute to an IRA. Generally, this is done either by using the dates in the physical presence test to leave a little income".

I would like to know if this is true. Or if anyone has any knowledge about this. Would fudging the dates for the physical presence test be considered lying to the IRS? (and in doing so would I be commiting fraud?)

2007-10-01 13:42:18 · 4 answers · asked by mattorodinku 3 in United States

I just read the Grand Rapids press and how we are in debt 1.1 billion dollars.

Well they raised the personal income tax rate from 3.9 to 4.35 percent. I'm only 12, and I'm doing a report on this, so how will this affect us?

2007-10-01 13:19:31 · 4 answers · asked by Kissy 2 in Other - Taxes

What are the descriptions of external tax and internal tax?

2007-10-01 12:57:24 · 1 answers · asked by Anonymous in Other - Taxes

I've never done it but many people I know do. Some claim single and 3 but don't even have kids. What are the pros and cons of this? Is this legal?

2007-10-01 12:32:37 · 7 answers · asked by Lisa 2 in United States

i live in Texas, and will be paying about $4000 in federal taxes this year, my wife doesnt work. How much will i get back ?

2007-10-01 11:21:13 · 2 answers · asked by bluebell 1 in United States

Hi wmuch social security income can I recieve and where?

2007-10-01 11:15:07 · 6 answers · asked by Anonymous in United States

2007-10-01 10:50:44 · 4 answers · asked by Anonymous in United States

4 siblings inherited a house (trust). Now one sibling is buying the rest out with a loan. Do the siblings that are receiving a lump payment for their portion of the house have to pay taxes on this amount? What type of taxes? What can they do to prevent from having to pay that many taxes (reinvest within 30 days). Only serious answers please. Thanks in advance.

P.S. I don't think capitol gains is an issue, because the mother just died, and there was no increase in value of the house since she died, and now.

2007-10-01 10:05:39 · 4 answers · asked by Anonymous in United States

I worked for two weeks at a grocery store and received a tax form in Jan. 2007. I never did any taxes. I just found out that I should have did some type of form. What will happen now if I go and file them?

2007-10-01 09:43:43 · 2 answers · asked by r0ckch1c4lyfe 1 in United States

2007-10-01 09:35:54 · 2 answers · asked by kelvin s 1 in Other - Taxes

Our Tax withheld is more than $6000, weather we could take child tax credit or any deducation. Please provide me other method so we save max. tax. Only my wife(citizen of U.S) has 401(k) plan. I'm U.S (green card holder) resident.

2007-10-01 09:21:54 · 3 answers · asked by Avi 1 in United States

Our Tax withheld is more than $6000, weather we could take chiold tax credit or any deducation. Please provide me other method so we save max. tax. Only my wife(citizen of U.S) has 401(k) plan. I'm U.S (green card holder) resident.

2007-10-01 09:20:36 · 1 answers · asked by Avi 1 in United States

i have two kids and i pay a house note,also pay my taxs from the state each year.

2007-10-01 09:08:56 · 1 answers · asked by jamaica t 1 in United States

If both spouses have asked for loans , does it make any difference to make a deduction if one or both are working after they graduate ?

2007-10-01 09:02:09 · 4 answers · asked by Nolita 1 in United States

I almost ordered a stroller on babysrus.com and the tax was never calculated. I didn't do the last step of the ordering process, so maybe it was to be calculated at the end.

Is there tax on strollers? And what is the sales tax in NJ? 6 or 7%? This makes me sound so unintellegent.....I'm sorry! I'm trying to figure out how much my friends owe me if I order it and we split the price!

2007-10-01 08:59:06 · 2 answers · asked by Level Headed, I hope 5 in United States

How would I go about retrieving my tax forms? I've filled them out and filed them, and made copies of them, but I can't find the copies. I need copies of the forms for student aid. Is there a place online I can retrieve the forms I already filled out? I'm not talking about the W-2 I have that still.

2007-10-01 08:07:57 · 5 answers · asked by Seeing you I loose myself 2 in United States