Taxes - November 2007

My financial and living situation has recently changed, and I checked the federal tax website. The website says I get 11 exemptions. I need to contact my employer to let them know, but where on the form do you put your exemptions. Do you have to specify, or do you just put a number? I am not stupid, I promise. I just forget what the W-4 even looks like at this second. Thanks!!

2007-11-14 07:05:09 · 7 answers · asked by Anonymous in United States

O.k., so I would like to create a webstore. I have a dropshipper, if someone say from Georgia orders one of my products, do I charge them taxes? How does it work? Does anyone know where I can get the "Dummy guide" for this situation?

2007-11-14 06:52:26 · 1 answers · asked by OZ2003 2 in Other - Taxes

HAVE MORTGAGE, EQUITY LOAN , THREE DEPENDENTS(TWO KIDS AND WIFE)

2007-11-14 06:43:23 · 6 answers · asked by PAPA MOISES 1 in United States

2007-11-14 06:16:38 · 1 answers · asked by Anonymous in United Kingdom

2007-11-14 06:14:39 · 5 answers · asked by Janet K 1 in United States

if the house sales for $25,000.00 less then the price it's worth do i have to pay taxes on that?

2007-11-14 05:36:11 · 7 answers · asked by Anonymous in United States

I earn $5000 monthly and my deductions are as follows:
FICA $310.00
Medi $72.50
Fed $835.58
State $254.10
Local $30.00
total $1502.18
which leaves me with Net pay $3467.82. I am 23yrs single male, with no kids, mortgage, car note and live in los angeles. am i paying to much in taxes (if so, why) or is it just about right? what can i do to reduce my deductions? I also need the explanation of FICA and Medi. Thanks

2007-11-14 05:33:37 · 8 answers · asked by Anonymous in United States

I am currently working for the USPS and am married. Together me and my wife should make close to 23,000 for the year. I make 12.79 an hour and average 33 hours week. I claimed S1 and have a large chunk of my check taken out each week for taxes and what not. I also received student loans this year for college, and have attended college the full year. What I want to know is how much will I owe the federal government at the end of year.

2007-11-14 05:17:15 · 6 answers · asked by mike h 1 in United States

Q2. Have proof of transfer of assets under a private agreement...inland revenue says this isn't legally binding as wasn't done through high court...is this true? They have sent this url which refers to 'bill of rights' ...our agreement is settlement of debt, not holding ownership unless debt is paid...are they right? http://www.hmrc.gov.uk/manuals/recmanual/rec2505.htm

2007-11-14 04:57:28 · 4 answers · asked by gavman99 1 in United Kingdom

Where can I find this information?

2007-11-14 04:47:27 · 4 answers · asked by atvman_400 5 in United States

2007-11-14 04:46:30 · 11 answers · asked by mstatl 2 in United States

how soon can i get my return if i were to do it today?

2007-11-14 04:36:56 · 4 answers · asked by Brandi R 2 in United States

I'm getting married next year. What is the best way to file taxes
If we file joint will he be responsible for my taxes. Any good advice

2007-11-14 04:31:18 · 6 answers · asked by Anonymous in Other - Taxes

I work a full time job now getting paid 9.70 an hour.. Im 19 years old and live at home but will be living alone in the next couple months.. i just want to make sure that i wont be owing too much money at the end of the year.

2007-11-14 04:15:43 · 6 answers · asked by LisaRose 1 in United States

2007-11-14 03:56:18 · 4 answers · asked by tania m 1 in United States

2007-11-14 03:49:29 · 2 answers · asked by Anonymous in United States

2007-11-14 03:27:53 · 4 answers · asked by meno 1 in United States

2007-11-14 03:16:18 · 5 answers · asked by blindsky75 1 in United States

2007-11-14 02:46:24 · 15 answers · asked by trixibel 6 in United States

2007-11-14 02:43:13 · 3 answers · asked by freckles 1 in United States

I am confused really, on my check stub it states exemptions/allowances and the number is 3. For some reason, I am thinking this is incorrect. Can someone help me as to clarify exemptions and allowances?

2007-11-14 02:42:57 · 4 answers · asked by dre1c83 1 in United States

2007-11-14 02:39:01 · 4 answers · asked by trixibel 6 in United States

Does she have to file and if so just as single with one dep.-herself?? Do I get any kind of break since she is in college???

2007-11-14 02:34:28 · 6 answers · asked by trixibel 6 in United States

I will be retiring in one year.
I have heard some forghen counties do not tax pention income

2007-11-14 02:18:23 · 3 answers · asked by russell k 1 in Other - Taxes

2007-11-14 01:38:47 · 2 answers · asked by Karen D 1 in United States

I'm babysitting 2 days a week and making $30. I didn't know if I needed a tax id # for the lady I'm babysitting for to report this on her taxes. Can anyone help? Thanks!

2007-11-14 01:36:05 · 8 answers · asked by Anonymous in United States

2007-11-14 01:04:47 · 2 answers · asked by Eddy M 1 in United States

My employer did not give employees a lunch in the 8 hr work day. The state requires all employees to have a 30 min break/lunch after 5 hrs of work. There was a lawsuit against my employer and they are back paying each employee as part of the settlement. Will I or should I be taxed on this check I will receive? If it is taxable, any ways to reduce the tax?

2007-11-14 01:03:06 · 2 answers · asked by Jon G 2 in United States

Retroactive check and monthly check. Just won my ssdi court case.

2007-11-14 00:46:19 · 7 answers · asked by ANTHONY M 3 in United States

I am a non-resident who worked in the USA for three consecutive years for 4 months. After filing for a tax return after my last year (2006) I found out that my tax preparer has filed for $0 taxable income ($6100 gross income) and therefore I got 100% of the taxes paid as a refund. I know that non-residents are not entitled to all of the tax exemptions and deductions as US citizens and residents are and were very surprised. I thought that my tax preparer could be incorrectly filed for me as a resident, until I found out that:

The Green Card Test - You are considered a U.S. resident for tax purposes beginning on the day you are issued an alien registration card by the Immigration and Naturalization Service (INS). Use Form 1040: U.S. Individual Income Tax Return to prepare and file your taxes.

The Substantial Presence Test - You are considered a U.S. resident for tax purposes if you were physically present in the U.S. for at least:

31 days of the current year, and
183 days of the three-year period that includes the current year and the two years immediately preceding, including:
- all of the days you were present in the current year (2006)

- 1/3 of the days you were present in the first preceding year (2005)

- 1/6 of the days you were present in the second preceding year (2004)


Does this mean that every non-resident, who has stayed for more than 31 days in the USA during any calendar year, could be considered as a resident for tax purposes and therefore could take advantage of all exemptions and deductions, which residents and citizens are entitled to?
Are non-residents generally entitled to itemized standard deductions and personal exemption deductions?

2007-11-14 00:21:56 · 2 answers · asked by Rumen R 1 in United States