Taxes - November 2007

Is there a website anyone knows of that tells you how much should come out of your check for taxes. I know that it depends on how much you make and how many exemptions you claim but I'm looking for an actual breakdown. I think that my husbands company is taking out too much. Thanks for all of the help!

2007-11-23 13:27:37 · 6 answers · asked by Michelle B 2 in United States

2007-11-23 13:25:14 · 12 answers · asked by ramseylatania 1 in United States

mortgage company. I heard that if the mortgage company accepts a lesser amount than what you owe that a 1099 will be sent to you and the IRS and that the difference is considered taxable income. example, owe $160,000 mortgage and house sels for $100,000 at a sheriff's sale. Would 60,000 of that be considered earned income? Thanks.

2007-11-23 13:14:06 · 3 answers · asked by Gerri M 2 in United States

2007-11-23 12:43:38 · 2 answers · asked by nice_guy3162000 1 in United States

Its just me and my boyfriend and My boyfriend is claiming single and 2 at his work and I just got a job so what do I claim? Also Can he still claim me when he files for taxes.

2007-11-23 12:30:39 · 7 answers · asked by Anonymous in United States

2007-11-23 12:28:19 · 3 answers · asked by Richard W 1 in United States

My fiance and I plan to get married before this year is up, but I was wondering if it is wiser to wait until 2008 to get married for a bigger refund when it comes to tax time? I make around $10k a year, and he makes around $26k. Would I get a bigger tax refund if I claimed single, with one dependent and he claims single, or if we got married and did a joint return would that be better? I only ask because we really could use the money to get a better house. Last year he claimed our daughter and I claimed single. He got about $3400 total but I'm not sure how much exactly was from the child tax credit. So basically do married couples receive more of a refund, or would a single/unmarried mother?

2007-11-23 12:13:29 · 5 answers · asked by Kristyn G 1 in United States

2007-11-23 12:06:38 · 3 answers · asked by milwaukee 1 in Other - Taxes

2007-11-23 11:54:03 · 19 answers · asked by Anonymous in United Kingdom

I inherited 400 acres. My mom and dad paid 600 an acre for it. Now it is worth $3,000 an acre. I do not want to sell it. I want to keep farming it. Do I have to pay the capital gains on the land if I do not sell it , but keep it?

2007-11-23 11:19:16 · 6 answers · asked by ffcounselor 1 in United States

The painting was sold in navada ,I live in calif. I sold it an aution for $700.000 how much do i have to pay in taxes for capital gains.?And do i owe state or fed. ect. tax? When are the taxes due ?

2007-11-23 09:25:12 · 3 answers · asked by Debbie 2 in United States

2007-11-23 09:14:11 · 6 answers · asked by Debbie T 1 in United States

have you heard of it? im part of that union and once a month i have atleast $90 taken out of my paycheck and sometimes more. i just found bad stuff on google about it. how come they take so much money. i know once a month theres $75 for union dues. isnt that too much? im only 17 i only make $8.03 an hour and my last pay check has 2 weeks of work on it and it was only $45. its bulls**t. who think i should quit there and look for a better job

2007-11-23 09:09:46 · 3 answers · asked by Anonymous in United States

?

2007-11-23 09:06:20 · 8 answers · asked by x1 2 in United Kingdom

and im part of the union and once a month they take like $90 out of my pay check. im only 17 so i dont make much. but i dnot know what have the things they take out are. could somone help me maybe and tell me what they mean

Medicare
fed w/h
fica
dues
ind ins

thanks

2007-11-23 08:51:23 · 1 answers · asked by Anonymous in United States

We received a letter the other day telling us our 2005 taxes are being reviewed. What exactly does this mean? Are we being audited? Is this going to turn into one huge headache for us? If you've ever received a letter from the IRS telling you that your tax forms are "being reviewed", please let me know about your experience. Thanks

2007-11-23 08:44:32 · 3 answers · asked by See Dee 5 in United States

Or do I have to wait for 2008 to claim him since we would have only been married for less than a month in 2007?

2007-11-23 08:24:43 · 8 answers · asked by Cat 1 in United States

2007-11-23 04:42:35 · 2 answers · asked by Anonymous in United States

i make 11.50 hr. work 40hr week how much should be deducted from my check i have two girls and my wife can someone help me or give me an idea on a % they take?

2007-11-23 04:27:41 · 2 answers · asked by Rolando m 2 in United States

I have recently ordered goods from America. I got a letter today saying that I had to pay VAT on the item, which is fine. The only problems is that I have been charged £18.60 for the VAT, when the cost of the items was only £80. £18.60 is more than 17.5% of £80. Why have I been charged this much, it is more than actual VAT? The letter also says there is no import duty, just VAT?

2007-11-23 04:03:22 · 8 answers · asked by footie089 1 in United Kingdom

Does anyone know what would be considered a fixed expense when it concerns personal finance expenditures for immediate needs??

2007-11-23 04:01:37 · 5 answers · asked by rhpeach3 2 in United States

I recently made a sizable purchase of source code for a website. The source code was written by myself and a friend. I started with an equity interest in the business, but it didn't work out. I recently came up with another idea for a business and used money earned from consulting work to purchase the source code in full so that I can repurpose it for my new idea. I paid a few thousand dollars for this source code. I'm curious what options I have for a tax deduction.

2007-11-23 03:29:57 · 3 answers · asked by nljth123 3 in United States

Does anyone here know what type of taxes to look out for to be imposed on Foreign Huge transfers from one country to another?

2007-11-23 03:19:46 · 3 answers · asked by Martin B 1 in Other - Taxes

2007-11-23 03:03:23 · 4 answers · asked by ? 2 in United States

2007-11-23 02:53:39 · 6 answers · asked by AVO Y 1 in United States

wouldnt that come to about close too 800?
not sure..how much would the total cost be?

2007-11-23 02:35:59 · 2 answers · asked by Anonymous in United States

2007-11-23 02:15:08 · 7 answers · asked by Kirstin H 1 in United States

2007-11-23 02:10:01 · 3 answers · asked by BASHARAT I 1 in United States

2007-11-22 22:04:33 · 5 answers · asked by Anonymous in Other - Taxes

2007-11-22 20:42:30 · 7 answers · asked by Anonymous in United Kingdom