Taxes - November 2007

I got a job. Im gonna be introuble when taxes come around. I know ill owe a lot and i havent saved nything. As a minor are there any sort of breaks or anything i can claim. I work as an architectural designer. i sit on a comp most of the day and draw additions. Nything to save me some $ would be very appreciated.

2007-11-05 06:02:28 · 4 answers · asked by Waldo 1 in United States

This person has no bank acct no ss or penision and no money just a paycheck, I was told they can take up to %10 of my friends gross, someone else was in this same spot and told my friend the same thing, he had no assests or bank accts, and he never made a deal with the irs and they just take %10 of his gross paycheck any help ty

2007-11-05 05:52:36 · 6 answers · asked by mr xxxxxxxxxxxxxxxxxxxxxxxxxxxxx 1 in United States

Last year I filed "jointly" even tho he had no income. He has been working as an alarm tech since recving his green card and SS#. We have already made one Estimated Tax payment which was due in Sept. I DON'T want to be hit with penalties, but I can't for the life of me figure how to pay his est taxes because we will have alot of deductions when we finally file (jointly) in April. I am a regularly empoloyed Sub. teacher with taxes withheld. I have even changed my witholding (more) to prepare for any payments that might be needed in April. HELP!!!

2007-11-05 05:30:23 · 6 answers · asked by fedupwiththis! 1 in United States

How long after a sale of a home do you have to purchase your next home before you have to pay capital gain taxes on those earnings from your home sale?
With in that same year? Or is it calender year, or longer?????

2007-11-05 05:16:21 · 2 answers · asked by mmbump 1 in United States

I know it is sometime after January 1, 2008. Haha. But I don't know exactly when. Anyone knows?

Thank you!!!!!

2007-11-05 05:05:50 · 3 answers · asked by Anonymous in United States

2007-11-05 04:59:46 · 2 answers · asked by Anonymous in United States

Can you get out of paying the IRS if you file bankruptsy on your Corperation.

2007-11-05 04:05:44 · 9 answers · asked by Anonymous in United States

2007-11-05 03:58:28 · 3 answers · asked by chris d 1 in United States

I am currently working as a contractor for the government overseas and since I am not military I have to pay for my Kindergartner's tuition - out of pocket. For one year, I pay $17,424.00. I was wondering if I would be able to get any of this back when I file my taxes? I will be filing Head of Household and her father currently pays me $760 per month in child support. Please let me know if anyone needs more specifics. Thank you for your time!

2007-11-05 03:38:47 · 4 answers · asked by Yap 2 in United States

2007-11-05 03:32:56 · 4 answers · asked by Anonymous in United States

I work 2 jobs, one is full time and the other is a part time, I don't even think I make over 8,000 dollars there in a year. I was wondering what would happen if I didn't file them on my taxes, I get less back.

2007-11-05 03:14:30 · 10 answers · asked by MIKEL 2 in United States

2007-11-05 03:10:46 · 2 answers · asked by onehellofaman26 4 in United States

2007-11-05 03:04:22 · 3 answers · asked by Bilal a 1 in Australia

I've already accumulated about $45,000 in short term capital gains this year. I need to liquidate another $40,000 in stocks or sell part of an inherited IRA which, as I understand, will be taxed as income. Is the tax hit going to be the same either way?

Last year I had taxable income of about $53,000 with next to no capital gains. This year I expect about the same taxable income plus the capital gains.

2007-11-05 02:47:35 · 3 answers · asked by xmasboy 2 in United States

My husband just started a new job and the owner of the business will give him a 1099 at the end of the year and I just started selling Avon with the same situation. We have 7 (5 at home) children and have always gotten a big return, but I am nervous about not having taxes taken out. Can anyone give advice?

2007-11-05 02:32:45 · 7 answers · asked by Anonymous in United States

I'm a Mexican citizen and I would like to know where can I find
very descriptive and puntual information about the way I should pay taxes when investing using Ameritrade. Are there any special rules I should follow since I'm not a U.S. citizen and I will trade with american stocks?

2007-11-05 02:17:46 · 1 answers · asked by coronel1984 2 in United States

2007-11-05 02:09:16 · 3 answers · asked by Anonymous in United States

2007-11-05 01:33:07 · 5 answers · asked by Anonymous in United States

I work as a decorator and have been asked to paint a chateaux for two weeks next year. Where do I stand with issues like tax and work permits etc?

2007-11-05 00:45:16 · 6 answers · asked by Anonymous in France

2007-11-05 00:06:51 · 6 answers · asked by terrie96 2 in Other - Taxes

2007-11-04 22:58:52 · 2 answers · asked by mgkpal 1 in Other - Taxes

2007-11-04 21:59:17 · 8 answers · asked by Anonymous in United Kingdom

have they got that sewn up as well

2007-11-04 21:52:25 · 2 answers · asked by Anonymous in United Kingdom

I think just a transcript can be used and I've heard that those are free. Is there any way I can print a transcript online?

2007-11-04 21:34:09 · 2 answers · asked by Anonymous in United States

2007-11-04 19:25:01 · 6 answers · asked by doma 1 in United States

I've heard of a couple of servers actually paying big time come tax season, like a few thousand dollars. I assumed that the void checks I got every two weeks was the government taking my hourly $2.63 for taxes. I make average $200 a night in tips. Is it possible that I would still owe the government more on top of my $2.63/hour that I never see??

2007-11-04 16:58:08 · 4 answers · asked by Anonymous in United States

2007-11-04 16:48:00 · 2 answers · asked by kelli_freeman@sbcglobal.net 1 in United States

the year 2007, is that correct?
So, I guess that if it rolls that way, then it makes since that for the year 2006, if is something more than just the few $ then filing by April would work.
Do I have that right?
Steph

2007-11-04 16:29:26 · 3 answers · asked by stephanie.shahid 1 in United States

A National sales tax of 20% on everything except food, clothing, rent, mortage payments for primary residence only and any medical related issues such as perscriptions or doctors visits. The 20% would give 10% to federal, 5% to the state and 5% to local {city if you live in town, county if you do not}. No exemptions for anything, and cap the tax to only the first $5,000 of big ticket purchases.

2007-11-04 16:24:21 · 3 answers · asked by Roll_Tide! 5 in United States

the extra time on my hands to file, then normally i would. Only this time, I was out of the country when it came time to file, and it would have been like a yo-yo effect with the mailing system. That was what made me question if I needed to actually file or save myself the headache that it was creating.
I chose to just let it go, to not hassel with it, and take care of other things. My dad brought up the question a few days ago, and I could not explain where i thought i found the information regarding the deduction amount or about not having to file the taxes.
I have been worried ever since over this, so I seeked an answer from here, hoping that someone would know how to answer the question.
The amount of money was just under $1,000 and it was working some part time hours for McDonalds inside of a Wal-Mart. Not much of anything, just killing 2 months till I was to travel out of the country on a visit.
Thanks for all the help you all are giving me, I am very appreciative.
Steph

2007-11-04 16:02:16 · 1 answers · asked by stephanie.shahid 1 in United States