Taxes - October 2007

2007-10-27 16:15:02 · 6 answers · asked by kwhotrods 6 in United States

2007-10-27 15:58:08 · 5 answers · asked by guerillagangsta 1 in United States

2007-10-27 14:42:25 · 18 answers · asked by Virginia Gal 3 in Other - Taxes

which items do you add or subtract towards the Cost og goods sold: interest, dividends, depreciation, change in retained earnings

thanks in advance

2007-10-27 14:08:15 · 2 answers · asked by imdubdabass 2 in United States

2007-10-27 13:12:07 · 14 answers · asked by dee 1 in Other - Taxes

I have been freelancing design work from my home all year. I was working another full time job up until 2 months ago, when I started freelancing full-time. I haven't set anything aside for taxes and I'm worried that it might be a lot. So far this year, I have made a little over $4,000 with my freelance work. How can I estimate what I will owe? I don't have a business license, does that change anything?

2007-10-27 13:07:00 · 4 answers · asked by . 2 in United States

Certain states allow this tax break ... KENTUCKY doesnt

2007-10-27 12:30:50 · 3 answers · asked by Dark 1 in United States

He wants to give me a loan to purchase a car but wants me to pay $200 his email address is foundationloan@yahoo.co.uk please let me know I really need a car and I almost sent the $200

2007-10-27 12:11:47 · 2 answers · asked by Anonymous in United Kingdom

My mom sent a disk of "The Price is Right", and one of the contestants had the possibility of winning 3 cars; one worth 14K, one worth 19K and one worth 23K. When asked what she would do with three cars, she said she would give one to her mother, one to her sister,and she would keep one. Assuming all are in a 20% tax bracket, who pays what taxes?

2007-10-27 11:28:08 · 3 answers · asked by ciamalo 3 in United States

Is the earned income credit fair? Doesn't it reward taxpayers that only work on a part-time basis? What might be a better solution?

2007-10-27 10:55:15 · 8 answers · asked by CD 1 in United States

I owe taxes from 2006 to federal and state. I didn't have the money to pay them.

2007-10-27 10:49:57 · 7 answers · asked by Rod M 1 in United States

2007-10-27 10:24:33 · 11 answers · asked by Taqueta W 1 in United States

I am so tired of hearing how they get tax breaks. Yesturday I read how they do not have to pay sell taxes, or income tax for 8 years. It stated how this is the way most foreigners came up with the money to open a business. How about busting their butts off working 24/7 to make a living and saving -saving-saving. Wish I had the same drive, but me I love to shop! What is your thought on this matter?

2007-10-27 10:24:09 · 4 answers · asked by ticonderoga1186 4 in United States

I'm single 3 kids but with the father of kids. I haven't worked at all this year. Would we get more back if we got married this year or does it not make that big of difference and wait till our planned date in 2008?

2007-10-27 09:54:45 · 7 answers · asked by brook6868 1 in United States

I'm trying to figure out the numbers on a couple of job offers that I have. One offers a nice relocation lump sum, "minus applicable taxes." What does that mean - taxes that I have to pay? Should i figure that I won't see the entire lump sum? What is the tax rate for relocation bonuses? I just want to make sure that I make a smart decision, and don't end up in the hole over moving expenses - I think that I'll need every last penny of the amount they offered.

2007-10-27 08:19:23 · 3 answers · asked by Michelle 1 in United States

2007-10-27 08:06:29 · 2 answers · asked by Anonymous in United States

2007-10-27 08:00:48 · 2 answers · asked by Anonymous in United States

two years of having been on social security disibilty and pay it all back that a lot of money. what you think?

2007-10-27 06:10:29 · 9 answers · asked by Anonymous in United States

2007-10-27 05:51:18 · 3 answers · asked by Aaron E 2 in United Kingdom

Robert age 46 and Susan age 52 are married. Their daughters, Irene, 19 yrs of age anf Amy, 17 yrs of age lived the entire yr with them and received more than 50% support from parents. 1. Is their filing status MFJ? 2. How many Personal and dependent exemptions allowable for 2006? Robert's wages were $45,000; Susan's were $51,500. Irene's gross income was $5,000. Amy's was $0. Are the parent's entitled to an EITC?

2007-10-27 04:49:13 · 5 answers · asked by Mcgruff 1 in United States

I sold a rental property for 95k bought it for 55k. I have another rental property that I still owe 30k. Can I take the profit from the sold property and pay off the rental and not pay taxes on that 30k. Also can I take the 10k left over and pay on my residence to avoid paying taxes on that.

2007-10-27 04:32:24 · 7 answers · asked by KT58 1 in United States

I always hear that if you win a million dollars you only get about half that.

WTF, why is it so high, half my check wont go to the govt, it should be the exact same principal, all income you make should be taxed on the same scale.

2007-10-27 04:28:38 · 11 answers · asked by Anonymous in United States

Okay, From what ive heard, if you OWN something...JUST OWNING IT.

You still have to pay tax. Like a car or a house,

You own it, you already paid tax on it when you bought it, this seems so illogical and injust.

is this true, wtf.

Now, I know MOST things the government does can be explained with atleast a small amout of logic behind it.

I win the lottery and get a lump sum, I pay ALL the income tax on it (How is it 50%) That should be it, I should never have to deal with the govt again if I quit my job and just live off my money, I don't earn anymore money, so why should I have to pay tax. (Except for sales tax)

2007-10-27 04:26:42 · 7 answers · asked by Anonymous in United States

2007-10-27 04:23:42 · 5 answers · asked by maureeses 1 in United States

2007-10-27 04:10:09 · 2 answers · asked by bb 1 in United States

I am a IT consultant working for a major global IT firm as a full time employee,

I am wondering what kind of expenses can i claim back as tax refunds at the end of the financial year. I am not a resident of UK , so i was wondering if I brought a laptop in UK for work purpose, could this expense be deducted from my taxable amount?

Thanks

Ben

2007-10-27 03:48:18 · 1 answers · asked by benson j 1 in United Kingdom

A friend of mine's mom has been unemployed for a year now and they want their parents to file taxes so they can get grants.

2007-10-27 03:33:44 · 5 answers · asked by tyisha n 1 in United States

what is depreciation in finacial accounting?

2007-10-27 02:27:03 · 4 answers · asked by CORRECT GUY 1 in Other - Taxes

I want to earn more money than i am doing in the UK & its either US or Luxembourg for countries with higher GNI per capita than UK
Lux - US $65,630
US - US $43,740

It seems that the adverage person in Lux is earning 20k more. Should i move there?

2007-10-27 00:49:10 · 3 answers · asked by Anonymous in United Kingdom

I recently withdrew some money out of my 401K.
I paid the 10% federal penalty fee for early distribution.
How much more do I have to pay once i file my tax return? (I was told 25% in total, but how much in total does one have to pay the government when 1000 Dollars were withdrawn?)

2007-10-26 23:45:12 · 9 answers · asked by modernlifeisrubbish 2 in United States