Taxes - November 2007

By the time the year ends, my income will be about $10,000. Does anyone know what form(s) I need to file and what how do I find out the percentage that I need to pay?

2007-11-26 02:54:50 · 8 answers · asked by thad2829 2 in United States

I've recently jumped back into the Musician business full -out and purchased new equipment etc...what I'm interested in knowing --relating to taxes-- is what about my stage apparel ( I've purchased 2 suits and accessories recently for a cruise ship engagement also what about the maintenance on my truck..I lug equipment around from point A to point B and now my A/C is out etc....Are the cloth items and auto maintenance direct write-offs, or does the IRS somehow have you depreciate a TIE and set of socks...What about the mileage associated with traveling to a performance? Any help is appreciated...Thank you...

2007-11-26 02:40:51 · 5 answers · asked by Joe R 2 in Other - Taxes

I married a single mom of two in August of 2006. Her and the kids have been living with me ever since (I did not legally adopt them). I supported them 100%. Shelter, food, bills, diapers, etc...

In mid-November of this year, due to the fact that me and my wife are separating, the kids moved out to their grandparents house (my in-laws) where they will stay till the end of the year, at minimum. There is also a chance that my wife will sign the kids over to my in-laws (i.e, they'll legally adopt them).

So, the bottom line is: I supported the kids for the first 10 and half months of the year. My in-laws supported them for the last one and half. Who gets to claim them on their taxes? If both sides file at the same time claiming the kids, who will get it?

We're not on good terms, so them signing anything allowing me to claim them is out of the question.

Me and my wife are still married and probably not gonna be divorced for few months into the new year.

2007-11-26 02:34:53 · 5 answers · asked by jimmyaven 1 in United States

2007-11-26 01:56:56 · 4 answers · asked by heavansangel52973 1 in United States

My husband has been a full-time stay at home dad and full-time college student this year. Can I claim him as a dependant when I file my taxes in January? If so, how would this change my refund? I claim married and two (two kids) and usually get a pretty decent refund. Would claiming him (if allowed) change that at all?

2007-11-26 01:30:27 · 3 answers · asked by brevejunkie 7 in United States

We in the UK are extremely fortunate. The most fortunate pay the most tax but we have also had the greatest benefits. It makes me sad when I hear people whinging about and complaining, since the UK is GREAT ! We have the best society in this world, we have the highest wages in this world. We have a great government presiding who we were wise enough to elect. Sure, we do pay some tax, but so do people in many other countries and they get much less for it. When in the UK we are doing well we pay more, when we work in low paying jobs we are supported up to our needs. When we are ill we have a great national health service. We are truly priveleged ! Sure, it's a chore complying with red tape and paying tax, but it well worth it in the long term. Sure our dearly beloved island nation is not perfect but it is the best place on this planet, thinks me ! Come on all you people out there, appreciate our great fortune and fair deal ! Come rain or shine UK people stand together ! Welcome to UK !

2007-11-26 01:18:42 · 15 answers · asked by Anonymous in United Kingdom

Also, who records depreciation of an asset, the lessor or the lessee?

2007-11-26 00:53:11 · 2 answers · asked by perpetualyesterday 1 in Other - Taxes

The 25 billion will give every man , woman and child in Britain £44,666 each. What a load of thieves in this labour party.

2007-11-25 23:10:03 · 5 answers · asked by topman 2 in United Kingdom

2007-11-25 23:02:26 · 1 answers · asked by adelleski 2 in Other - Taxes

please answer am i better of buying a £135 year one????? cos it works out @ 22.5 per month for only 6 month!!??? if i jpoin up for a card cash scheme and they send it out in 7-10 days will that give me time to decide whether i want to go ahead with it or pay all upfront at 135 for ayear?

i need to act now! or esle i may be fined please???

2007-11-25 20:41:22 · 19 answers · asked by lily 1 in United Kingdom

Please help? i thought it was cheaper?
i phoned up tvv licence about cash entry card shceme thing anfd thought i could pay £11 a month for al icence, but it actually wors out deaer ythat if you buy a licence at 135 for the year surely? its 22.50 per month for6 months!?? s this right

sorry for speellong [lease rpely i need 2 get one asap!! thanks
11 minutes ago - 3 days left to answer.
Additional Details
1 second ago

Am i better off bying the whole thing @ 135 for a year???????

2007-11-25 20:34:39 · 5 answers · asked by Anonymous in United Kingdom

he had over 20 employees this summer.He provides all the tractors,fuel,work vehicles,etc.And worked over 100hour work weeks through summer four 120dollars a day.regardless of hours worked.So is he not liable too take out taxes?

2007-11-25 19:50:50 · 7 answers · asked by fred b 1 in United States

I have temp guardianship of my neice and nephew since Sept 10, and will get full guardianship on Dec 6. Am I able to claim them on my taxes this year if I am sole guardian paying for all their expenses?

2007-11-25 17:12:28 · 13 answers · asked by Baby Evan is due May 18th! 5 in United States

Wife has been preparing taxes for over ten years. We separated in March. She signed my name to 1040 tax form, wants 1/2 of retirement, 1/2 of 401k, and Im paying out $600 child support. There was infidelity on her part and she left with daughter. CAn I fight back at all with that tax document being forged?

2007-11-25 17:06:10 · 11 answers · asked by Charles C 1 in United States

my wife is employed and have two dependents.House taxes,daycare expenise

2007-11-25 16:52:41 · 2 answers · asked by edward R 1 in United States

After someone takes money out of their IRA, how many days can you use the funds before you have to put it back.

Without incurring taxes and penalties?

2007-11-25 16:43:55 · 5 answers · asked by Steve B 6 in United States

I want to buy a used car after Christmas and before the New Year.

Would the tax rate differ between a used car dealership and a regular dealership?

2007-11-25 16:40:50 · 2 answers · asked by Anonymous in United States

2007-11-25 16:22:47 · 4 answers · asked by RC 2 in United States

They have told me that H&R Block can give you your return with the pay stub just before December 10, 2007. Is this true? I could really use the money for christmas, Also if I can file can I do rapid refund, and get the money back next day like I have in recent years?

2007-11-25 16:19:53 · 10 answers · asked by Kaytie82 2 in United States

I cannot seem to get any answers on this subject do i treat it as regular income? please help

2007-11-25 15:28:18 · 6 answers · asked by clarebear517 1 in United States

My future wife has no income because shes in the university and did not work this year. Would I be expecting to pay or receive any federal money if I file married or single?

2007-11-25 14:43:41 · 4 answers · asked by Vince007 1 in United States

hi, we live in california and we are expecting our 2 nd child and was wondering if there is any tax break with a 2nd child?

thanks!

2007-11-25 14:30:01 · 5 answers · asked by newmomma 3 in United States

2007-11-25 13:53:48 · 4 answers · asked by Roselyn L 1 in United States

Let's say for example I make $500,000 and have a $20,000 property tax bill. According to what I've read, if you make over $100,000 and have prop tax deductions you are subject to AMT. But, does that mean I cannot lower my taxable income to $480,000 and save about $8,500 in taxes?

Can I have my domestic partner, or anybody in the house pay the prop tax if s/he makes under $100,000 so they can get the deduction? Thnx.

2007-11-25 13:25:09 · 2 answers · asked by squawcreekrentals 1 in United States

I am a flight instructor and I am classified as an independent contractor with my flight school. I am not disputing the fact I am an independent contractor, I've signed papers declaring this and I receive a 1099 for wages. I would like to know if I can write off my driving expenses to and from the airport? I drive an hour to the airport and an hour home each day (all highway, a peaceful drive). I have a home office where I fill out logbooks, schedule flights, email students, make lesson plans, stay current with the ever changing aviation regulations, etc. I use my office quite often for work. How could I set this situation up so I can lessen the punch of high fuel costs by deducting my business commutes from my personal driving? I would like to do this so the IRS does not have a problem with it.

I've done online searches but could not find the information I needed. An answer from someone with experience in this field would be greatly appreciated.

2007-11-25 12:07:39 · 4 answers · asked by Anonymous in United States

will that affect our income taxes in any way shape or form?

2007-11-25 11:39:30 · 7 answers · asked by Brianna'sMomma 5 in United States

What does this mean? UI'm in high school and can't understand. How do you pay the tax, and how to government know whether or not I'm investing? IF I invest in mutual fund will the gov. tKE THE MONEY OR do i need to consult a CPA?


How will you pay the annual state and federal income taxes that will be due?

If a fund returned a steady 4.5% annually, you would have invested $200,000 and your fund would be worth $327,831. Your gain would be $127,831 before taxes. Some of the tax would be due each year and the balance of the tax would be due when then shares are sold.

2007-11-25 11:39:21 · 7 answers · asked by dk 6 in United States

I was recently hired on as an independent contractor and i am in charge of paying all the taxes. How do i go abouts figuring out what i need to take out of each check to pay in quarterly. I don't want to have to pay in at the end of the year.

2007-11-25 11:36:14 · 6 answers · asked by Anonymous in United States

i know you can go to your local HR block but i was just curious if there was a way to do it online????

2007-11-25 11:03:20 · 4 answers · asked by Jami 3 in United States

I usually do my own, but I'm not sure what to do this year:
I moved into my fiances parents house on June 15 of this year.
I have 2 children. My fiance is the father of one. I used to file as head of household and claimed both kids when I had my own place. While my fiance filed as single. My fiance makes about twice as much money as I do. How should we file this year to get the most money refunded?

2007-11-25 10:48:04 · 4 answers · asked by Anonymous in United States