Taxes - November 2007

This is the first time I'm working and I want to have an estimation of how much money I will get every month after paying taxes. I'm looking for a rental apartment and this could help me manage my budget.

2007-11-18 11:33:33 · 5 answers · asked by katayoun_aghajani 1 in United States

I paid one contractor $5, another $50 and a third $500, am I required to send them all a 1099 form? Is there a requirement to file a 1099 based on the amount paid?

2007-11-18 11:20:03 · 3 answers · asked by Anonymous in United States

2007-11-18 11:09:59 · 4 answers · asked by Thirty-five 2 in United States

adjusted gross income of 80,000.

2007-11-18 11:02:42 · 4 answers · asked by isabelo 2 in United States

I watched a 15 month old baby for 2 months. I quit due to an incident and now she wants to turn in the money she paid me to the IRS. She never mentioned this before I took the job. Besides I thought I was taking a "babysitting job" but she claims its not babysitting but rather childcare. I only made 200 dollars there. She is asking for my SSN and I told her that I wasn't comfortable giving that to her. I feel that she should have gotten all of that information before I took the job. Anyway she is telling me that she is still going to turn the money in to the IRS, to recieve her tax break, with notion that I refused to give her my SSN. She also said that this could cause potential harm to me. Why? what could this do?

2007-11-18 10:37:19 · 9 answers · asked by Anonymous in United States

2007-11-18 10:23:09 · 5 answers · asked by George S 1 in United States

2007-11-18 10:15:53 · 6 answers · asked by Anonymous in United States

I have been unemployed all this year if i start working in december will he be able to still claim me on his taxes.Would it interfer with anything else?Is there a money requirement

2007-11-18 03:00:32 · 9 answers · asked by Anonymous in United States

I was told that if I buy a hybrid automobile, I can do something on my income tax return this year? Does anyone know if such a thing exists and is it does, what is it?

2007-11-18 02:28:03 · 5 answers · asked by Traveler 4 in United States

I am single, independent (noone can claim me as a dependent), and I have no children.

I made $11,000.00 last year, and I got 100% back. I dont know if this year will be the same.

Also, I recieved a promotion, and I will be making $32000.00/ year starting from Jan. with the same single/independent/no children status. Will that change anything in respects to tax returns?

2007-11-18 02:07:39 · 5 answers · asked by Hopekins 2 in United States

I am sure there is one, would you use it? Because our government is already saying that there will not be any S.S. money in the coffers when we are 65 in the coming years. Also why are we letting them use that money now and we are not watching them better, I mean like a hawk folks???
The other side to this is we get to use our money now instead of them using it!

2007-11-18 01:10:54 · 7 answers · asked by Doakster 2 in United States

earned income credit.

2007-11-18 00:16:20 · 4 answers · asked by kkika57 1 in United States

building society wanted me to take out pension o other investment for interest only mortgage,my place worth 115k i want borrow 95k interest only then sell up and rent in ten years time can i do it and who with,,,,some lenders want high rates cos im usinmoney for paying off debt

2007-11-17 21:41:19 · 3 answers · asked by Anonymous in United Kingdom

I am planning to start up a small carpet cleaning company in PA that annually grosses about $30,000 working all by myself. But later in about a year or so, I might want to grow it as a full janitorial service company with several employees that generates more than $150,000 which I have done in Chicago last year. When I was doing business in Chicago, I paid a lot of payroll and income taxes with S-Corp status. So, now I want this carpet cleaning business to have minimum tax expenses. Should I go ahead and file S-corp or just do Sole Pro.? Which of the two will be more beneficial tax wise when earning around $30,000 a year? (If I go S-Corp, I am planning to pay myself about $500 a month as a salary from that $30,000)

2007-11-17 20:05:55 · 2 answers · asked by Anonymous in United States

I'm in a bind for money, and my son's dad said he would give me some money to help me if I would agree to let him claim him on his taxes. I usually make around 26,000-29000, but last year they held out money for student loans I was behind on, and I still owe them, so I'm sure they'll do it again this year. I could still claim 1 other child, but I wonder how much of a difference it will make? I usually get the earned income credit also. Anyone have any suggestions?

2007-11-17 18:46:18 · 5 answers · asked by BADKITTYKELLY 2 in United States

this company is shiping company and whether this company is exist or not

2007-11-17 18:19:00 · 5 answers · asked by hitendra bendale 1 in United Kingdom

2007-11-17 17:35:02 · 4 answers · asked by reghunath 1 in United States

I'm giving a 5 min speech on the mysterious charges on cell phone bills and I have to have an "institution" to blame. Who would that be??

2007-11-17 16:53:14 · 8 answers · asked by Ray 2 in United States

2007-11-17 16:39:03 · 3 answers · asked by Anonymous in United States

I pay more property tax than my neighbors. I appealed twice. However, I was not success. I frequently receive letter from company claim they can help me to reduce my property tax. They only share 50% of first years tax whatever they saved for me. I am wondering should I believe them or not.

Gratefully,

Needknow

2007-11-17 15:52:40 · 4 answers · asked by needknow 1 in United States

I think it is a 1099 filing.
please list the pros and cons.

2007-11-17 15:25:18 · 4 answers · asked by The Shepherd 2 in Other - Taxes

2007-11-17 14:41:46 · 4 answers · asked by Anonymous in United States

I just got my US Permanent Resident card - got myself 1 full-time job and 2 part-time jobs (as independent contractor). Will each of my employer withhold Federal & State tax? Will each of them withold Social Security & Medicare?

If yes, is there a chance that they might "over-withold"? And if so, will refunds be difficult? I am just starting out in the US and I have been searching website after website and could not find a simple website for one with limited financial understanding.

Help!! And thanks in advance to all!

2007-11-17 14:40:39 · 4 answers · asked by JBelt 1 in United States

I just started my job and I plan on filing my taxes at the end of the year. I have 2 kids and I stay with my father. For my 2006 income taxes I filed as Head Of Household. I was wondering if my father files as Head of Household then do I file my status as Single?

2007-11-17 14:06:23 · 5 answers · asked by chloerochelle102887 1 in United States

I got divorced after 25 years this September. When I do my taxes this January can I file single? I want to finally do the 1040 EZ and maybe get a return, since it seems like I have always owed money when I was married.....I will be single at the time of filing my taxes in January so I think I should be able to file as single. Thanks for the help!

2007-11-17 13:32:22 · 9 answers · asked by mo2020@sbcglobal.net 1 in United States

Can I file exempt for the last two months of the year and not get in big trouble? I have made over $100,000 so far this year and paid over $28K in total taxes. Will I get myself into more trouble than it's worth by changing my W-4 to show exempt for these last two months? I want to not have too big of a pay cut for many reasons, mainly because of debt payment plans I recently set up counting on my payscale staying where it was at the time.

2007-11-17 12:20:46 · 6 answers · asked by onlyinemerica 1 in United States

I am getting pension in my original country where I lived ,now I am temporary residing in another country. Do I have to declare that pension for the purpose of tax in the country where I now am.

2007-11-17 12:18:55 · 2 answers · asked by tiger 2 in Other - Taxes

2007-11-17 10:49:44 · 4 answers · asked by Anonymous in United States

2007-11-17 10:07:24 · 7 answers · asked by Elle 3 in United States

By submitting the payment online. However, they charge $3.00 for an e-check and a 2.5% convience fee for using a credit card payment. Is this an example of our local government's stupidity?

2007-11-17 08:15:24 · 7 answers · asked by Sparkles 7 in United States