Taxes - November 2007

If my income was less than the minimum filing requirement income for last 6 years & if I did not file the tax return nor did I pay Social Security then how would that affect my after retirement Social security & heath care benefits like Medicare ?

Thanks

2007-11-05 12:50:41 · 7 answers · asked by Sean 1 in United States

2007-11-05 12:44:07 · 8 answers · asked by Alton 1 in United States

Please help me look for web links of companies that offer "check printing" services for income tax refunds (for USA based customers). Thanks.

2007-11-05 12:41:51 · 3 answers · asked by iris 1 in United States

Please help me look for web links of companies that offer "debit cards" for income tax refund purposes (for USA based customers). Thanks.

2007-11-05 12:38:08 · 4 answers · asked by iris 1 in Other - Taxes

2007-11-05 12:34:19 · 6 answers · asked by Alton 1 in United States

15% no loopholes everybodys pays the same rate. the rich pay 15% of their millions or billions that is a lot of trump.

2007-11-05 12:17:12 · 7 answers · asked by ken s 5 in United States

What do we need to bring this is our first time filing on benefits that we have paid for on health care do we need to file on health care ,or what is deducted from the paycheck biweekly for health care, or the reciepts for the copays or the EOBS or do we bring it all .

2007-11-05 12:17:06 · 2 answers · asked by Sharon G 2 in United States

2007-11-05 11:48:39 · 4 answers · asked by Linda Z 1 in United States

What tax forms do I need from them? W-2 form? It's for EOP(proof of income). They are not american and barely know english, so yeah kind of difficult. How does this confusing tax stuff work?... I live in New york by the way. (USA)

2007-11-05 11:46:39 · 5 answers · asked by Anonymous in Other - Taxes

Can I get FSA benefit (declaring contribution to be withheld pre-tax) for my son if he goes to day care only twice a week for 3/4 hours. My spouse is stay home mom. Is it necessary to have both the parents working to get dependant day care FSA benefit?

2007-11-05 11:42:42 · 4 answers · asked by Mr.D 1 in United States

On my W-2, I put 5 allowances per the work sheet provided. I am hearing alot of mixed comments. Some say that the more you allowances you put the less money you will get back. Then I hear that is does not matter since I am a single mother. Does any one know what is the best way to get a high return? I tried calling H & R Block but all the offices are closed.

2007-11-05 11:12:49 · 4 answers · asked by Anonymous in United States

If I were to win, let's say 75 million dollars, how much would I really get to keep after ALL mandatory taxes, charities, etc... are deducted? (Just wondering...)

2007-11-05 10:57:18 · 6 answers · asked by JT 1 in United States

And when do I file to pay them?

I just want to keep myself out of trouble with the IRS. Or whoever keeps track of my money.

2007-11-05 10:53:58 · 12 answers · asked by Anonymous in United States

If you do 80 hrs a week work. thats 40 hrs overtime. Do you pay more taxes? specially if your single?

Or might as well stay on the 60 hrs a week rule. with only 20Hrs overtime and you pay less taxes.

I know you get the tax refund back. but if your single you will never get half of it.... or am I wrong here?

btw im only part time minimum of 20 hrs a week. but my company let us do more than that as you can see.

Working here in florida.

2007-11-05 10:37:41 · 7 answers · asked by paulo 1 in United States

I received a letter from the IRS telling me someone else used the same social sec. number that one of my dependents has on their tax return. and for me to check my return and review the rules about what qualifies someone as a dependent. I already know the rules and my dependents do qualify and i have used the same dependents about 3 years now. and they said if after reviewing the rules i find they don't qualify i would have to amend my return. they do qualify. so i don't need to amend my return. and i have received my refund to date. so what will happen next? thank you for your help.

2007-11-05 10:30:06 · 4 answers · asked by Anonymous in United States

I have ran 2 payroll schedules in QB and have just learned that ADP (our previous payroll processing company) will not issue w-2 or file any final returns state or federal returns, my question is how do i go back in and include the payroll data they have for the beginning of the year up till 9/30? please help!!!

2007-11-05 10:23:24 · 2 answers · asked by need to know 1 in United States

2007-11-05 10:21:33 · 2 answers · asked by Anonymous in United States

If you work for a company overseas and money is wired into your account in the amount that would look as though taxes are taken out, but you get a lot of excuses about why you don't get pay stubs, how can you find out what's really going on?

If you start to look into it to protect yourself and you get fired soon after, is there anything you can do, or are you damned if you do, damned if you don't . Please can I have some good, honest feedback? I'm terrified of losing my job but I really don't think this company has filed with the state of NY. What cause of action should I take?

2007-11-05 09:45:10 · 3 answers · asked by funsunjoy 1 in United States

2007-11-05 09:34:30 · 7 answers · asked by Anonymous in United States

2007-11-05 09:28:04 · 13 answers · asked by deima 2 in United States

I normally claim my child i just had a baby in july. but i just started to work in october so if i claim the earned income credit it wont be that much will it maybe $1000 or not even that. My estimated income for the year will only be about 2700 with $315 fed income tax withheld. But my brother has been working all year can i let him claim him and let him claim the Earned Income Credit. His income will be about $10000 give or take with maybe $300-$400 fed taxes withheld.

Will they allow him to claim them and the EIC, what will the estimated EIC be????

2007-11-05 09:11:58 · 5 answers · asked by jordynorr100 1 in United States

2007-11-05 09:07:08 · 4 answers · asked by mattd610 2 in United States

here's the mortgage deal I'm being offered --

we owe 250,000
current interest rate is 6.75%
28 more years to go

scheduled interest rate should be 8.75%, effective this month

the deal being offered -- 5.25% interest for 5 years, after which it returns to the scheduled (ARM) rate.

effect on payment:
a) at 8.75% payment is
b) at 5.25% payment is

difference of 3.5% or 8750/yr [if it was interest only]

Data: I'm not paying anything for this deal. Obviously, my mortgage interest deduction will be about 8750 per year lower on my taxes [yes, we itemize -- if AMT doesn't get us]

Question: is the 43750 I'll save by agreeing to this taxable income to me? If so, when do I have to report it and pay the tax?? [it's almost enough all by itself to push us into the AMT if I have to report it all in one year.]

thanks for the help, guys

[citations to IRS rules and forms very helpful]

2007-11-05 08:58:17 · 5 answers · asked by Spock (rhp) 7 in United States

When your wages are garnished do they take from every paycheck or once a month?

2007-11-05 08:26:38 · 6 answers · asked by santobugito 7 in United States

A friend told me if the govt takes your home you are allowed to keep your property taxes amount and transfer to new home if they are lower. Is this true?

2007-11-05 08:26:35 · 6 answers · asked by Anonymous in United States

If the husband makes $45 K a year and the wife makes $40 K per year, after taxes, is the woman's salary still profitable. Basically what I'm asking is, with child care expenses, taxes, etc would it make more sense for the woman to forgo her salary and become a stay at home mother?

2007-11-05 07:52:49 · 3 answers · asked by kiki 6 in United States

2007-11-05 06:32:49 · 3 answers · asked by Anonymous in United States

Medicare is 2.9% and his estimated fed income tas rate is 22% how much quarterly estimated tax must be sent to IRS for the first quarter?
A=5,874.75
B= 13,860.00
C= 15,750.00
D=23,498.99

2007-11-05 06:25:29 · 5 answers · asked by pee wee 1 in United States

Do I have to pay taxes?

On a second thought, I should have a loss right? Since the car has depreciated during the years I owned - can I claim to loss on the tax return?

Thanks!!

2007-11-05 06:09:15 · 6 answers · asked by 123456789 6 in United States

My girlfriend had a baby in dec 2006,I did not claim him because the paternity test did not come back till june 2007,what do I do? also should my company know about my new dependent,would it be better for take home money?

2007-11-05 06:04:12 · 4 answers · asked by scott g 1 in United States