Taxes - October 2007

My fiance and I are getting married in about 3 weeks (Nov. 20). We have no children, do not own a home yet, and are both W-2 employees in the state of Michigan. Is it likely that we will have to pay taxes? And, would there be a difference if we were to just file jointly or file singly, if that's a possibility? If additional information is needed, please ask!

2007-10-29 12:29:51 · 7 answers · asked by Kaylin 2 in United States

Around when do the 2007 Tax Returns come back from employers? Will I be able tog et a cash advance anytime soon? Someone please help me!!!!!

2007-10-29 12:29:27 · 4 answers · asked by Anonymous in United States

whats the age limit

2007-10-29 11:16:25 · 3 answers · asked by Jerome E 1 in United States

2007-10-29 10:55:31 · 17 answers · asked by Anonymous in Other - Taxes

How much percent of your earned income does social security and medicare take out?

2007-10-29 10:18:16 · 3 answers · asked by Saints1325 2 in United States

Figures we'll use are home purchased at $215,000, sold at $275,000 with $30,000 in upgrades and realtor expenses/closing costs (net of $30,000 it appears) within a 15 percent tax income bracket. I'm an idiot on this subject and appreciate your help. I understand the more than 2 year ownership rule but have to sell at 15 months without any of the 3 allowable tax breaks (medical, employment, etc.).

2007-10-29 10:03:06 · 3 answers · asked by Too Old For Idol 4 in United States

I was terribly lazy in college and did not file my tax returns as I did not make much money and didn't really worry about getting $100 back from Uncle Sam. I figure I should probably go ahead and get these done, but the oldest is from 5 years ago. How far back can I go to file these returns? My brother tells me he thinks it is only 3 yrs back, but he's pretty much just guessing. Can someone clarify thsi for me?

2007-10-29 09:56:39 · 7 answers · asked by Trevor P 1 in United States

and clothing on my taxes for my work. I am employed, not an independant contractor. I go to the location in my town twice a week, and travel 66 miles 3 days a week to another town. I don't stay over night though. My FA told me that I can claim my meals, and haircuts and clothing costs as an expense for tax deductions. I thought you could only claim meals if you stay overnight? Can I really claim my haircuts and clothing? I don't have a uniform, just a business casual dress code, and neat, kept appearance. Can someone clarify this for me? I already knew I can claim the mileage, but the other things threw me off.

2007-10-29 09:53:00 · 10 answers · asked by ALFimzadi 5 in United States

My parents are gifting me $50,000 for down payment on a house. I they can give me $12,000 per year/each, but that we have to file form 709 with the IRS. But I would think that as the receiver I would have to file this form with my 1040, but from what I find in the internet, it would be my parents who file the 709. Anfy answers would be most appreciated.

2007-10-29 09:48:45 · 3 answers · asked by Anonymous in United States

i have worked as a nurse in uk with a workpermit visa for 2 ,1/2 years and i am planning to go back to my home after working 1 ,1/2 years more. i do not want to get the pr in uk

2007-10-29 09:42:42 · 1 answers · asked by gihan 1 in United Kingdom

2007-10-29 08:01:06 · 6 answers · asked by blue2228 1 in United States

my company is encouraging me to enroll in the FSA plan. I dont know if it is worth it for me. My question is, if I get the plan and put in like $1000 or $1500 and I make almost $60,000/yr, is it worth it for me? Tax- wise? B/c thats why ppl get the plan, for the tax benefits, but if I only save a minimal amount, I dont want to do it b/c I dont want $40 or $60 taken out of every paycheck. Thanks in advance!

2007-10-29 07:28:47 · 2 answers · asked by prava 2 in United States

I own an LLC that creates websites. I want to create a site that does product reviews. Can I write off the products I review (tech equipment, game consoles, purses, etc) as business expense?

2007-10-29 07:25:34 · 4 answers · asked by colaks 1 in United States

2007-10-29 06:32:19 · 5 answers · asked by Stacey J 1 in United States

I am filing single for the first time this year and I heard there are deductions I can add.

Can anyone give me a list or link to the deductions I could get?
I know about medical is there anything else?

Thanks!!

2007-10-29 06:28:25 · 7 answers · asked by White Trash Beautiful 4 in United States

2007-10-29 06:27:07 · 10 answers · asked by mdelyn 1 in United States

I want to take a seminar to learn how to properly do my taxes. It costs $1,000, and includes books, cds and in-class training. I'm not running a business - yet. Can I write this cost off? Perhaps as a tax expense or something else? I live in California and I'm in the 28% bracket.

2007-10-29 06:15:43 · 7 answers · asked by D 1 in United States

Are 2006's tax returns for what you did in 2005 or 2006?

2007-10-29 05:40:28 · 13 answers · asked by Anonymous in United States

I am 60 years old and am disabled.

There are a few different questions here Please answer them ALL

I get SSDI, Workers Comp and will start to get a small pension ( $81.00 ) in Dec

I am told the pension is taxable,

But that is less than $1000.00 per year

Do I have to file a return for that amount ????

Are there limits to any other additonal income I may get ( like lottery winnings - I won $2700.00 in May ) ( like must get over $5,000.00 to file taxes ).

OR do I add the extra income ( the Pension and lottery - then subtract my individual deduction and pay taxes on the remaining.

I have been searching the net and CAN NOT find the asnswers
and do not have a lot of extra money to be using an accountant.

I get just over $12,000.00 from SSDI & Worker Comp.

So my income is around 13000.00 with the pension

I think my individual deduction is $3500.00

RH

2007-10-29 03:28:03 · 4 answers · asked by Mr KIA 2 in Other - Taxes

2007-10-29 00:27:56 · 2 answers · asked by pj 1 in United Kingdom

Back around 2000 or 2001, I didn't file a tax return. Bad, I know, but that was also the begining of a tumultous time that saw me moving to several foreign countries, among other things. Other than this problem, I am caught up on my taxes for other years, and this one year that I didn't file, I made very little money (I was only working PT as a college student), under the amount that is even taxable to begin with, so if I'd been smart, I would've gotten money back in the end. I just want to know- if I file them now, what kind of punishment will Uncle Sam have in store for me? I'm pretty scared...

2007-10-28 23:42:00 · 7 answers · asked by Hallie E 3 in United States

2007-10-28 22:40:22 · 2 answers · asked by Ken H 1 in Other - Taxes

Just would like the estimate date?

2007-10-28 21:49:43 · 9 answers · asked by mickey 1 in United States

I admit it, I have severe cognitive deficits when it comes to personal taxes. My husband and I end up owing 2-3000 every year. We don't know how to figure out our W-4's to get the correct amount taken out. We've been doing H&R Block Tax Cut program CD at home but can't navigate it to take advantage of possible tax breaks w/o going nuts. Should we just go to a personal tax advisor, accountant, fly-by-night Jackson Hewitt kiosk at mall?

2007-10-28 21:36:07 · 3 answers · asked by ? 2 in Other - Taxes

I'm working loosely with a not for profit called SIFE. Our mutual project is to help a student at a NYC college get her product to market. Under what circumstances could we sell the product and not charge sales taxes, if any?

If the venue were at the college, which is itself a not-for-profit, would we be tax-exempt?

I appreciate any and all guidance.

2007-10-28 17:25:46 · 2 answers · asked by bishopsjewels 3 in United States

I just started earning my total income as a self-employed, single individual, from years of being in Corporate America. So I am trying to amass as much knowledge about the ways of taxes, now that I no longer have it yanked from my paychecks. One of that parts that I am trying to find out is when do I have to pay my estimated taxes? I have been keeping track of what one-third of each of my paychecks would total up to (rough estimate of my taxes) and setting that aside. Do I have to pay quarterly or do I have the option to pay the whole thing by april 15th?
Thank you for your help!

2007-10-28 17:07:26 · 6 answers · asked by belrayne 1 in United States

(unportioned tax) (16th amendment:states that a sufficient number of states never ratified the amendment)

35% of a persons yearly [4 months of the year] income is taken away to pay interest of money being produced by the federal reserve bank

this tax should not exist

so there is no law that requires anyone to pay this tax

2007-10-28 17:05:51 · 6 answers · asked by Xl (_(_) lX 3 in United States

If so I was hoping that someone could look up what the tax is for 18,439 thats my taxable income so far this year I have a 2006 booklet but the one dang page i need was ripped out. I am just trying to estimate my taxes for this yr so far I have turbo tax but it thinks I am filing late and I cant fine out how much interest and penilties its adding on that way I could just subtract that part. I am single with no kids

2007-10-28 16:51:55 · 11 answers · asked by Tyler R 1 in United States

If i'm getting paid 13.00/hr, and I work 80hrs (2 weeks) what should my check look like, please let me know the amount of taxes taken out AND my final pay, THANKS!

2007-10-28 15:42:36 · 3 answers · asked by Anonymous in Other - Taxes

If i'm getting paid 13.00/hr, and I work 80hrs (2 weeks) what should my check look like, please let me know the amount of taxes taken out AND my final pay, THANKS!

2007-10-28 15:40:19 · 1 answers · asked by Anonymous in United States