Taxes - November 2007

2007-11-16 03:09:42 · 3 answers · asked by Anonymous in United States

I work as a contractor and i make $3200 a month, by the end of this year my total income will be almost $32000, how much do I have to pay to IRS? I'm a new Immigrant and this is my first year in the US. I also would like to know what kind of deducition I can put when I fill up the taxes.

PS: I'm also a college student, and I have a rent for $900/month

2007-11-16 02:46:05 · 5 answers · asked by Black Eagle 2 in United States

I am a medical transcriptionist independent contractor working from home. Would it be better to file married-jointly or married-single? This is my only source of income other than what my husband makes. I have not made payments yet, will I get charged a late penalty?

2007-11-16 02:37:47 · 4 answers · asked by Kathy D 2 in United States

I live in the UK, and I've found that many things are cheaper if bought from the US, even with the postage charge.

But, then I have to pay import tax.

Why does this tax exist, isn't it blocking free trade?

2007-11-16 01:44:57 · 2 answers · asked by wellsy_1 1 in United Kingdom

please reply asap. I need to give an answer/

2007-11-16 01:20:34 · 4 answers · asked by im2beesy 1 in United States

I need to pay in a cheque. Thanks!

2007-11-16 01:00:59 · 9 answers · asked by Anonymous in United Kingdom

2007-11-15 19:52:24 · 3 answers · asked by RAVI 1 in Other - Taxes

If depreciation for year 1 is understated and the books for year 1 have been closed, what is the journal entry to record depreciation in years 2 and the adjustment for year 1 assuming the straight line depreciation is taken for both years?

2007-11-15 18:31:53 · 2 answers · asked by hahaman 2 in United States

I don't have a social security card, but I do have a tax ID card.

2007-11-15 18:02:27 · 5 answers · asked by BKlein23 1 in United States

I don't see why I would since they are gifting me money that has already been taxed.

2007-11-15 18:00:11 · 6 answers · asked by Rez 3 in United States

2007-11-15 17:14:24 · 9 answers · asked by xoxo 6 in United States

2007-11-15 17:06:25 · 11 answers · asked by xoxo 6 in United States

When a Pimp pushs a teen to sell herself and make $1500.00
a day and $10,500.00 a week and $546,000.00 a year why don't the IRS get these individuals and make them pay taxes, I pay taxes and I'M tried of paying, when these Pimps gets away with this just think about this then a Pimp has ten ladies of the night then money is 10 times the amount, when these Pimps or ladies get caught by the LAW red flags should go up in the gray matter between the ears, do a back ground check and see how long this Pimp has been doing this and trace down how many ladies this Pimp has, or put inside people too go under cover and not for a short time it would have to be for a year or so then bust this PIMP and make him back pay the taxes that the working individuals is paying for, the fact is the working individual is paying for taxes that this trash is not paying the IRS is not doing there job, but they are doing there job against the working class individual.

2007-11-15 15:39:54 · 2 answers · asked by vanessarickeymegan 1 in United States

2007-11-15 14:59:41 · 7 answers · asked by Anonymous in United States

2007-11-15 14:59:04 · 3 answers · asked by Anonymous in United States

2007-11-15 14:52:57 · 2 answers · asked by Anonymous in United States

Im an auditor in public accounting (big 4) and my 12 year old sister just moved in with me due to a family emergency. Well im faced with a delima given that my current job requires me to travel and work extensive hours. So im looking for a less demanding job so that i can attend to my sister. Recently i was extended an offer from the federal government, however the pay is $10K less than what im worth and the grade level is the same one that they would give me straight out of college. Considering the facts mentioned above do you think i should take this job?

2007-11-15 13:59:16 · 5 answers · asked by mscpa 1 in United States

there are many kinds of tax deductions when running my business. right?

1.) Are cost of goods sold are 100% deuctable?

2.) if the cars are for business and personal I can deduct $.485 per mile, if it's for business only Can I duduct the payment and gas costs?

3.) If I buy equipment like a computer, I can't deduct the cost of the computer, because it's still an asset that is taking the place of what was cash right? What if it's part of the start up costs? If I sell the equipment do I have to consider it income?

4.) Are consumables like electricity and printer paper are 100% deductable.

5.) what about waste? We have a vinyl graphics business and have mistakes sometimes. Can I deduct the retail value of the wasted item.
This is so confusing. how do I keep it straight?

2007-11-15 13:34:07 · 7 answers · asked by in COGNITO * 4 in United States

I went to the car wash near my house and the sign on the box says that they are required to charge tax on a purchase using a credit card but not on the cash purchases- I think they are driving up the cost to cover the cost of someone using the credit card- I've never heard of such a thing

2007-11-15 13:24:33 · 3 answers · asked by cephuse2g 2 in United States

2007-11-15 13:09:42 · 2 answers · asked by Miss Yahoo 1 in United States

2007-11-15 12:57:25 · 6 answers · asked by steve b 2 in United States

2007-11-15 11:47:42 · 6 answers · asked by Evan D 1 in India

so i found out my ex gf has for the past two years filed joint taxes. I have been filing them myself. Will I get in trouble for this? Is there someone I should contact about this. This girl is crazy, she really thought we were married and went as far as filing for divorce to try and get my now wife to leave me.

2007-11-15 11:35:02 · 8 answers · asked by Jerry 1 in United States

2007-11-15 11:29:44 · 5 answers · asked by butterflykisses095 2 in United States

2007-11-15 11:01:13 · 8 answers · asked by Anonymous in United States

I am 22 and did not work a single day this year, so I have no income. I live with my parents, I take care of my mother. I was also admitted to UofA and I signed up and paid for my classes but I never went.

Will I be added to my dads tax return or do I need to file my own?

2007-11-15 10:56:23 · 5 answers · asked by Paris 1 in United States

If I make $17,000. in 2007, self employed, married filing seperate, no dependants and have $500.00 interest income, what will my taxes be.

2007-11-15 10:52:40 · 5 answers · asked by sevemmama 3 in United States

Can any of you tell me why it makes sense to tax a work of legal fiction instead of taxing actual individuals?

2007-11-15 10:49:05 · 6 answers · asked by Anonymous in United States

Assume all service-work done under DBA is done in the same state of residence. Is necessary to file new DBA in new state (MD)? Or do I keep old DBA and remain obligated to pay state income tax to old state (NY)?

2007-11-15 10:25:38 · 2 answers · asked by Micah Levantale 1 in United States

2007-11-15 09:47:59 · 8 answers · asked by gbassgirl 1 in United States