Taxes - November 2007

My wife has approx 12 quarters paid into SS. She drove a bus and paid into a teachers retirement system and did not pay into SS. Can she pay FICA taxes on these years so that she has the necessary quarters to quailify for disability benefits ?

2007-11-30 01:09:09 · 5 answers · asked by Anonymous in United States

I am Shabir Memon From Pakistan, I received an email message that I'm winner of yahoo promtion programme YAHOO LOTTERY INC & WINDOWS LIVE.
lottery held on Nov 2007. There are no serila no. , tickit no. and refrence no. and my prize is 800,000.00 dollors , they wrote that I send them my personal inf. in order to claim 800,000.00 dollors. What I should do?

2007-11-30 00:56:23 · 4 answers · asked by shabir m 1 in United Kingdom

I recently started a new job in Iowa. I am a single person only claiming myself. I am supposed to be paid every week but my first 2 weeks were on a combined check. Gross income 1320 and net income was 919. This seems like too high of tax being taken out. what do you think?

2007-11-30 00:22:18 · 4 answers · asked by Anonymous in United States

I bought a stock and call and put on it. I made a profit on the stock and took a loss on a call and put option. If I buy the stock and different put and call option strike prices within 30 days, is it considered a wash for my options losses for tax purposes?

2007-11-30 00:18:24 · 1 answers · asked by Anonymous in United States

i recently got a bonus.they took out 4,800. i made 42000 this year with the bonus of 19,000 included. ive paid 7000 in taxes this year. I'm married filing joint with 3 dependents under 13. What is my estimated refund

2007-11-29 23:31:59 · 6 answers · asked by sweetsensationalc 1 in United States

i just want to get rid of some junk. im an international student, does that complicate it? im in california

2007-11-29 22:36:33 · 4 answers · asked by Leo 2 in United States

2007-11-29 22:30:27 · 1 answers · asked by Lisa G 1 in United States

2007-11-29 21:39:27 · 3 answers · asked by venkataraman b 1 in United Kingdom

Ok, im getting unemployment. And im not checking the box to get taxes taken out. What will happen next year at tax time? Should i be checking that box? What does it affect? I wont have to end up paying in the end will i? What do i do to get the best (Biggest) Refund from taxes. And just a side question. How do i collect all my W-2s? I just got out of the Military, I worked at walmart and i got unemployment all in one year. What do i do when i get them? Who should i have do them? Ill send a check for 5 dollars to whoever answers all of these. But wait, Theres more! You'll be my best friend...

2007-11-29 20:09:07 · 4 answers · asked by Johnny21usaf 2 in United States

not married, live with parents... if that helps

2007-11-29 19:04:03 · 8 answers · asked by spviper 1 in United States

they have never sent me anything on taxes on my home where am i supposed to go to pay them and what taxes are they... i know there is personal property but what else it's my fist time every buying a home i need some help

2007-11-29 17:25:12 · 5 answers · asked by ISsA . 1 in United States

when I got hired for a job at an AMC theater yesterday. One of the managers was helping me and another new hire out, and she was saying that 0 would have the government take more out now, but give me more back later, or something like that, so I just claimed 0. Was that the right thing to do? I'm an 18-year-old still living with my parents, and I'm a full-time college student

Also, how much is the government gonna take out of each paycheck? Let's say I work 20 hours a week, at $8/hr, which = $320 per bi-weekly paycheck. How much of it will they take out?

2007-11-29 16:49:56 · 9 answers · asked by Anonymous in United States

2007-11-29 16:44:31 · 2 answers · asked by ISsA . 1 in United States

2007-11-29 16:36:27 · 6 answers · asked by joeblow 1 in United States

2007-11-29 16:31:47 · 7 answers · asked by gabagaba 2 in United States

Lets hypothetically say that you made $25K buying and selling on ebay and did not know the laws and didn't report it as income.

How can you fix it with IRS so that you won't get audited and convicted for a crime?

2007-11-29 15:46:43 · 8 answers · asked by 6th Finger 2 in United States

In 1995 I lived in Georgia. I don't have any recollection if I filed or not. They say they will garnish wages if I don't pay 2,583.84 within 30 days.... I looked at my W2s from that year and saw I paid 560.00(State Taxes) into the system that year ( 22k year job). They say they represent the Georgia Dpt of Revenue. What can I do..I survive off $800 disablity income at present.

2007-11-29 15:42:28 · 3 answers · asked by Anonymous in United States

the baby was born on 11/07/07

2007-11-29 15:08:44 · 12 answers · asked by rvu80 1 in United States

keep answers somewhat basic, but try to be thorough.

2007-11-29 14:35:57 · 4 answers · asked by Anonymous in United States

My husband is in the military and we are stationed in Texas. I don't work and we just had a baby. He is the only one bringing in the income. Does anyone know how much we will receive back for our son on taxes and if he can claim me as a dependent on his taxes!? Texas Tax laws please... I don't understand taxes and the way it works if I phrased something wrong please forgive me.

2007-11-29 14:17:10 · 5 answers · asked by Anonymous in United States

I was reading the IRS guide for this credit and they have a series of questions to answer if you qualify. I am good until it gets to decision 8. Decision (8). Do you have a tax liability (Form 1040, line 46 minus lines 47, 48, and 49) (Form 1040A, line 28 minus lines 29 and 30)?

I didn't owe any taxes. So I didn't have a tax liability? If you don't have a tax liability it says you can't get the credit. Why is this the case. Thanks.

2007-11-29 13:36:30 · 3 answers · asked by jayman1958 2 in United States

2007-11-29 13:30:45 · 8 answers · asked by honey_69_02 2 in United States

I am fifteen years old and have a job at a local retirement home. I receive minmum wage, just started working, and work only 3-4 days a week for 4 hours. Do my parents lose tax deductions because of me working?? Because they believe so and want me to quit

2007-11-29 13:10:37 · 3 answers · asked by Anonymous in United States

2007-11-29 12:33:21 · 2 answers · asked by The White Queen 1 in United States

I have a Question about income taxes. Im only 19 so i dont really know alot about the taxes and what to do. Im doing my taxes for the first time. I have a W-2 form from working where im going to reciecve back $300. Then I have a form from the Lottery saying I owe them $200. Then I have a Interest Form saying I owe $300 for savings bonds interest. After I total everything---
+$300 W-2
-$300 Interest Savings Bonds
-$200 Lottery
Owe =$200
So Basically I owe Back $200. So when I do my taxes which im using turbo tax for the first time could I mail In a Check or Money Order for $200 with my income Tax Pamphlet. Oh Yeah and also do I have to include all my tax forms(W-2,Interest From,Lottery Form) that I received in the envelope im mailing in with my income tax pamphlet when I mail in taxes.

2007-11-29 11:26:11 · 4 answers · asked by Anonymous in United States

Last year around 40,000. This year around 60,000.

2007-11-29 11:16:56 · 3 answers · asked by curious 2 in United States

Im gonna do my taxes for the first time on my own. Im only 19 and i wanted to buy turbo tax so i could do my taxes on my own. It shouldnt be that hard I have 1 W-2 Form, A Interest Form From Cashing in my savings bonds, And a tax form from the lottery. I was wondering how does turbo tax work. Do I need a income tax booklet where you put all your taxes in then you mail it in or do i just use turbo tax then print off the papers and mail those in?

2007-11-29 11:14:32 · 4 answers · asked by Anonymous in United States

My alimony agreement says I can withold the taxes from the payments I make. This year, however, I do not owe any quarterly taxes. should i give it to the ex or keep the money in case i owe taxes later? My accountant does not know what to do and my lawysays talk to my accountant.

2007-11-29 10:24:28 · 5 answers · asked by charlotte q 2 in Other - Taxes

a friend told me that your not allowed to claim more than 2 kids on your income taxes. well what the hell about families with more than 2 kids???

2007-11-29 10:10:45 · 9 answers · asked by nella 2 in United States

We are thinking about transfering my business premesis into a Sipp.
My partner and i bought new premesis 4 years ago for 250k now valued at 350k.
if we sell property to our sipp do we have to pay CGT on the gain or do we pay corporation tax?
if its cgt then do we split the gain between us and can we use our annual cgt allowance against the gain?
so is it scenario a: gain of £100k pay corp tax at 20% tax bill of £20k added to annual bill then income tax of 40% when we take cash out of company - this seems a very unfair way of doing things.
Or is it scenario b;
Gain of £50k per partner reduced to 25% as its a business asset = £12,500 then deduct personal allowance of £9200 leaving a tax charge each of £3,300.

i hope its b.

PS. we have enough in our pensions to fund the purchase of the building into our sipp, we are just very concerned with the proposed increases in CGT through removal of taper relief/indexation.

2007-11-29 10:08:40 · 5 answers · asked by mike d 1 in United Kingdom