Taxes - November 2007

I've just started working through a temp agency and have received my second pay check. The 1st one had about 4.1% 'USS tax' taken from it while the second had 8.6% deducted. I know it's not Social Security or Medicare and it isn't unique to Washington State, where I'm employed, either. Does anybody know what this is and why it has varied so radically from one paycheck to the next?

2007-11-07 12:25:15 · 3 answers · asked by mothercary 2 in United States

If I am issued a 1099C, can the creditor still place a derogatory remark on my credit report? This is provided I claim this debt release as income and pay applicable taxes, of course.

2007-11-07 12:08:25 · 3 answers · asked by Anonymous in United States

2007-11-07 11:40:24 · 3 answers · asked by jlbakerbrower76 2 in United States

worked partime and eaned 8,000dollars

2007-11-07 11:30:22 · 3 answers · asked by Anonymous in United States

We've used the same tax preparer for many years. Nothing fancy, one of the big name franchise's. Without any major deductions or audit flags we've been selected for an IRS audit. My wife and I are both W-2 workers and collectively earn just under $100K/yr, claim standard deductions (mortgage interest, kids (no EIC), nominal business expenses -- less than $1000/yr for business supplies, lunches, etc... and some mileage for business travel in a car that I own, (less than 10K miles per year and I'm in B2B sales), no investment losses or non-standard or "creative" deductions). Just seems so odd that we'd be selected for an audit. Is my tax preparer accountable to me for this audit? Is selection totally arbitrary or, are certain flags looked for?

2007-11-07 11:14:16 · 12 answers · asked by Baz 2 in United States

she has her own business and STILL hasn't turned in her 2006 taxes! I'm worried that it could effect my good credit or our chances of owning a house in California (which is really hard).

2007-11-07 09:37:12 · 5 answers · asked by b down 3 in United States

I am a Single Student-Mother, and I was wondering how much I will get back in taxes this year. Does anyone have any idea!?

2007-11-07 09:36:27 · 7 answers · asked by ? 1 in United States

I did not file my taxes last year and I was told I have to this year and I need to know how to go about getting my W2's!! Please Help!!

2007-11-07 08:58:11 · 3 answers · asked by racheal 2 in United States

I've bought an item on Amazon.com and was charged a sales tax; the item was shipped to the Washington address. Currently, I live in Washington for college, but am a Oregon resident. Is it possible for me to get an exempt of sales tax?

2007-11-07 08:50:23 · 4 answers · asked by Jason 1 in United States

2007-11-07 08:49:52 · 8 answers · asked by jedi22476 1 in United Kingdom

Do I have to file federal income tax?

2007-11-07 08:20:04 · 7 answers · asked by cowgirl 2 in United States

2007-11-07 08:05:56 · 6 answers · asked by sweetcynthiansc 2 in Other - Taxes

Im training for MMA to compete in it, professionally one day I hope. One thing I read about a while back which struck me as odd was that professional fighters get a huge amount of their earning taken away by the government, taxed, like basically on the spot, like how taxes are taken out of your paycheck.

In a situation where a fighter earns $10,000.00 for winning a professional fight, one figher said that the government taxed him $4000.00! How is this right? Thats 40% of what he fought hard to get. What ways are there to avoid being taxed like that? I have heard that if the government is going to tax you 40%, if you were to donate half of what they would tax you, then they dont tax you anything. That sounded pretty weird and off beat to me, but is there any way to avoid this kind of stuff?

2007-11-07 08:05:24 · 4 answers · asked by David K 3 in United States

2007-11-07 08:02:35 · 5 answers · asked by Anonymous in United States

I bought a house in Arizona in 11/2005 with my now ex-wife and myself on it. when I got divorced I re-did the loan with only my mothers info in Feb of 2006 in fear that the ex might try to take my house away or seek for $. As far as teh ex-wife goes that's not the concern. The concern is that I want to see if tehre is a way where i can report the intrest for my 2007 taxes under my name even though the entire thing is under my mother's info. I cant put it under my name yet cuz my credit isnt that good. Ive heard of "quit claim" and that i can report it under my name as long as only one of us (my mom and I) reporst it. Please help It's like over 20K in interest

2007-11-07 07:48:44 · 4 answers · asked by jd101g 2 in United States

1st time homebuyer!

2007-11-07 07:41:29 · 3 answers · asked by KD . 2 in United States

Am I just not reading this table correctly?

http://www.truthandpolitics.org/top-rates.php

Will someone please explain.

2007-11-07 07:40:09 · 4 answers · asked by pokerstarsacct1987 1 in United States

My boyfriend and I drive the church van - about every 3rd Sunday. Normally - we only have to pick up 1 gentleman. It is usually easier ( as far as time wise ) for us to pick him up in my Tahoe. My question is - can I claim that on my taxes as charitable mileage - as a deduction? The guy lives about 8 miles from the church. Thanks in advance!

2007-11-07 07:31:28 · 6 answers · asked by TUNA_BURGER 1 in United States

After an accident left my friend's son paralyzed, our community, friends and family have been raising funds to assist the family with numerous expenses they have incurred with medical as well as equipment needs. Is it possible to open an account that qualifies as a 501(c) so that if larger companies wish to donate they have a tax benefit?

2007-11-07 07:10:15 · 4 answers · asked by suz_e_q_zee 3 in United States

2007-11-07 06:24:38 · 5 answers · asked by dqpl 1 in United States

I Plan to sell a home before it has been lived in less than 2 years. Anticipated profit is $50K. How does capital gains tax apply to this?

2007-11-07 05:56:06 · 4 answers · asked by Anonymous in United States

Ok well its November and I just found out that my allowences on my W-4 was entered as a 4 this whole time instead of a 1 like I had put when I filled it out. Is this going to really hurt me? (A little background...I'm married...1 child...make about $36,000 before taxes...husband works and makes a good deal more then me(not sure how much).) Is this going to really hurt us come tax time in a couple months?

2007-11-07 05:47:21 · 3 answers · asked by Mom to Matt & Makayla 4 in United States

2007-11-07 05:45:32 · 4 answers · asked by Drifter 2 in United States

Hi. I have a taxable account with a brokerage firm that contains mutual funds. I know I will have to pay federal income tax on the gains from these funds. My question is, do I also pay VA state tax on the gains?

2007-11-07 05:16:58 · 1 answers · asked by steel5x 1 in United States

okay, I have a full-time job (as well as my hubby) but I need some extra income, so I applied for a part time job.
I got the job and now they have called me back for an interview, but I just today (of course) thought about the outrageous tax rates our lovely government likes to charge us when we have to get a 2nd job....can anybody tell me what the tax rate would be for the 2nd job?
(I live in MO)

2007-11-07 05:16:15 · 2 answers · asked by CJ&Drewsmomma 4 in United States

A service I have from you costs $19.90 per year payable in November every year.I have it seems been chrged 3 times last your,

Why?
Thanks,
M.Raynor.

2007-11-07 04:58:40 · 2 answers · asked by ke698 1 in India

Hi, as a visa student I can work 20 hours but I've hard that on college holidays I can work full time, is that true?
where can I verify this?

Thanks

2007-11-07 04:46:46 · 2 answers · asked by Alfonso E 4 in United Kingdom

For example I invest 13,,000 and earn 6,000 dollars so my total portfolio is worth 19,000.
How much would I owe the government?

2007-11-07 04:22:05 · 0 answers · asked by B 1 in United States

2007-11-07 04:19:12 · 3 answers · asked by agent 99 1 in United States

I filed my amended tax return using form 1040X because I had forgotten to include forms 1099-G in my total income. This resulted in additional tax of $140 which I sent with the form in the form of check. I filed this amended return after 15th of April 2007.
I have recieved a letter from IRS acknowledging the reciept of $140. I have been asked to send a certain amount which is interest on this money.
I have also been asked to pay additional $100 for late filing penalty.
My question: Do I have to pay this penalty because I filed amended return after the deadline of April 15th 2007?

2007-11-07 04:12:57 · 5 answers · asked by Immi 1 in United States