Taxes - November 2007

The LLC is owned by my wife and I who were partially funded by the aforementioned consultants, and we pay them a % of the profits each month. Would they classify as employees who need an EIN and taxes withheld? I want to make sure of this so I am not taxed on the amount I am paying them.

2007-11-09 02:59:07 · 6 answers · asked by 99Audi 1 in United States

2007-11-09 02:37:45 · 6 answers · asked by Andy 2 in United States

I've only filed one federal return before, and this is my first time as a full -year out of college person. I am a little confused about whether I count Soc. Sec that has been withheld from my paycheck, and/or Medicare in the federal tax amount. I'd appreciate any help/advice you could give!

2007-11-09 02:34:49 · 4 answers · asked by mstatl 2 in United States

self-emplyoyed parent exempt from paying national insurance
contributions this year - does this mean i will receive N.I. credits for the period of low-earnings - or does this mean that i miss out on a qualifying year? Also is it correct that Home Responsibilites is only covers you for your first child til the age of 16?

2007-11-09 02:31:47 · 4 answers · asked by tkf57 3 in United Kingdom

I have just reported someone for committing benefit fraud

She is only paying £20.00 per month towards council tax when really she should be paying at least £70.00 a month.

They said they will follow her, I told them what she looks like, where she lives, where she works etc

She is on 15k a year and a single mother... who get money from her partner that lives abroad

What could happen, prison?

2007-11-09 02:28:57 · 24 answers · asked by Rebz 5 in United Kingdom

My husband has been traveling with his job and got laid while in conneticut, but we're from nevada. does he have to file for unemployment in conneticut, or can he come back to nevada and file there?

2007-11-09 02:18:30 · 7 answers · asked by Anonymous in United States

I expect my divorce to be finalized in December maybe late November. Can I claim married status for this year on next years taxes?

2007-11-09 02:12:38 · 2 answers · asked by Anonymous in United States

2007-11-09 02:06:25 · 6 answers · asked by Anonymous in United States

2007-11-09 01:35:14 · 3 answers · asked by Anonymous in United States

Last year I was able to claim married, 3 kids and a house, I think I had 5 exemptions and always got back about $1000. This year I am not married, the kids are not living with me, I pay child support and I own my own home. I have no idea what to claim on my W-4, so since last year I have claimed nothing and added $50 a paycheck. I am worried that I will have a tax bill that I can't handle so I essentially have had nothing withheld and am hoping for a good sized return? But I need a better understanding of what I should/can claim on my W-4. All suggestions welcome.

2007-11-09 01:30:21 · 5 answers · asked by tim35144 1 in United States

My employer gives me 35 cents a mile? I thought it was higher and need proff..

2007-11-09 01:26:32 · 4 answers · asked by Anonymous in United States

What have I done? Ok, I won $500 for a costume contest. The money was to be added to my paycheck. A co-worker suggested I change my tax status to exempt. So... I did, under the assumption I would have no/less taxes taken out. I received my direct deposit today and it was $56. I only work 1 day a week, and my normal check ends up being closer to $85. So, I'm hoping that I'm receiving the $500 on a seprate check. ?? What do you think/know about exempt status?

2007-11-09 00:36:36 · 1 answers · asked by nosredna3 2 in United States

2007-11-08 19:33:51 · 5 answers · asked by Anonymous in Other - Taxes

A friend of mine is going to do this temporarily, he currently claims Zero. Is this legal? What are the consequences?

2007-11-08 19:20:56 · 9 answers · asked by WShay 1 in United States

I bought a house in Houston, Texas last summer. I've just received my first bill of property taxes in the mail. I have until February of next year to pay without any penalty. My question is should I pay property taxes now (this year) and claim it in my 2007 tax return OR should I wait until next February?
Thanks,
Kenny

2007-11-08 16:37:50 · 6 answers · asked by Anonymous in United States

generally how much do they pay?

2007-11-08 16:27:25 · 2 answers · asked by applepie8111 2 in United States

I worked in a downtown metropolitan area this past year, and the monthly parking was very expensive. Is it possible to claim the parking expenses for work on my taxes?

2007-11-08 16:02:45 · 3 answers · asked by tribe2437 2 in United States

Is there a site where I can go to find out the percentage that the federal government takes out of your paycheck? How about the state tax? If there isn't one, does anyone know the percentage and how to calculate the state tax?

2007-11-08 15:02:16 · 5 answers · asked by Anonymous in United States

If i send my taxes out as soon as i can whens the soonest to get them back. I am 16 years old and will be 17 next month i work for 8.25 an hour and have had over 1,000 dollars of taxes taking out is there anyway to kind of estimate how much to get back?

2007-11-08 14:59:45 · 5 answers · asked by Anonymous in United States

I'M TRYING TO FIND OUT IF I GOT SCREWED BY THE TAX COMPANY THAT I USED BECAUSE I'M TRYING TO APPLY FOR FINANCIAL AID AND THEY TOLD ME THAT I HAVE TO FILE AN AMENDED TAX RETURN THAT STATES I AM MARRIED FILLING SEPARETLY BECAUSE MY HUSBAND AND I FILED SEPERATELY BUT MY TAX PEOPLE FILED ME AS SINGLE AND MY HUSBAND AS HEAD OF HOUSEHOLD WHAT DID I DO WRONG AM I IN TROUBLE

2007-11-08 14:59:11 · 10 answers · asked by mammissy 1 in United States

2007-11-08 13:36:57 · 19 answers · asked by rllmartin 1 in United States

Plz answer this question. If you know the answer plz give me a link to were you found it or possibly just a link or web page on were I could find it. Any thing would help thanks!!

2007-11-08 13:13:47 · 4 answers · asked by J.t. 2 in Other - Taxes

I know it varies from state to state, county to county, etc but in general is this comfortable living in the US?

2007-11-08 13:11:12 · 9 answers · asked by Anonymous in United States

2007-11-08 12:57:04 · 9 answers · asked by Anonymous in United States

2007-11-08 12:54:46 · 5 answers · asked by Anonymous in United States

2007-11-08 12:45:53 · 8 answers · asked by joel c 1 in United States

i excercised some stock options a few years ago. my excercise price was very low (less than $1). however, the stock price was high at that point ($50), so i had to pay AMT based on $50.

the stock is now worth about $10. if i want to sell the stock, how do i figure out beforehand what the basis will be?

is the AMT just a simple adjustment to the excercise price, or do i have to look and see if some of that AMT was credited back in the intervening years?

2007-11-08 12:28:50 · 3 answers · asked by iii go iii 2 in United States

2007-11-08 12:19:00 · 6 answers · asked by Anonymous in United States

I forgot to file taxes in 2005. I have to turn in past 2 years tax returns for final mortgage approval. I filed the return right away, dropped it off at local office with check for balance. Will this hurt my chances of the mortgage going through? Bank had my W2s and tax returns will match up.

2007-11-08 12:15:40 · 4 answers · asked by Anonymous in United States

2007-11-08 10:51:07 · 3 answers · asked by learning 1 in United States