Taxes - November 2007

2007-11-03 06:23:08 · 5 answers · asked by hamilhog 1 in United States

2007-11-03 05:08:15 · 3 answers · asked by donn h 1 in United States

I made a loan to a person and they are paying me back . This was for a loan to help them purchase property. My question is this. Are the payments I recieve considered additional income that I have to pay taxes on. I paid tax on the money once and loaned it out. There is no interest involved but if they pay me back $40,000 all at once when they get their loan, is my money I loaned them considered additional income that I have to pay taxes on again?

2007-11-03 03:37:29 · 19 answers · asked by fayettevilledoug 1 in United States

2007-11-03 03:28:25 · 8 answers · asked by gemeneye25@prodigy.net 1 in United States

been in us since 1981 pays taxes owns property

2007-11-03 03:20:53 · 4 answers · asked by cheekybastard7 1 in United States

4 social security credits are the maximum credits per year, right?

2007-11-03 03:18:04 · 4 answers · asked by E C 1 in United States

My property taxes for $600, were due Feb. 2007.
I did not have the money to pay them.
I tried to refinance my house twice (in Feb & March)to pay the taxes and get a better interest rate. I was refused, because of the housing market. (Basically, my house appraised $40,000 LESS than it did, 6 months before...And this was WITH the $25,000 main bedroom & office addition that I paid cash to do! My life savings were used to do this addition. I considered it an investment into my property).
I asked my mortgage co. to put my taxes into escrow (I did this so my taxes would be paid & so I wouldn't lose my house.) It took my mortgage co. 4 months to do this.
I EXPECTED my house payments to rise an extra $100 a month. (It would be hard, but I would do it, until the market got better and I could refinance).
Yesterday, I called to ask why I have not heard anything on why my payments have not changed. I was informed, that my payments would be going UP $200 a month starting Dec.1st.

2007-11-03 01:21:36 · 6 answers · asked by Hallie 1 in United States

I am not sure whether non residents or other nationals are eligible to buy prize Bonds in UK. Since, I am residing outside UK, and not a UK national, how to get some authentic information regarding the query. Should I contact a bank but would they give such information over the phone?

2007-11-03 00:47:08 · 2 answers · asked by Anonymous in United Kingdom

2007-11-02 23:29:00 · 8 answers · asked by Anonymous in United States

2007-11-02 22:51:06 · 2 answers · asked by Anonymous in United States

I'm a U.S. citizen that's self employed working online and getting paid from american companies to my paypal account.

I'm thinking about moving to mexico, since I work online I'm not sure how the tax situation is going to work out.

Do I still have to pay taxes in U.S. even if I move to mexico?

Do I have to pay some type of self employment tax in mexico?

or would I get payed as normal to my paypal account and I simply don't pay any taxes?

(any advice is appreciated)

2007-11-02 20:22:03 · 2 answers · asked by Zest042 1 in United States

Hi All,

I am self employed and was planning to buy an SUV for use for my business purposes and just heard about this law that any vehicle that weighs over 6000 pounds as To qualify for the deduction (Section 179 of the tax code), an SUV or light truck must have a gross weight of at least 6,000 pounds. This is the vehicle weight plus maximum payload and also is referred to as gross vehicle weight rating or GVWR. Does anybody have any insight into it. I am planning to buy BMW X5

2007-11-02 19:38:36 · 3 answers · asked by Anita G 1 in United States

2007-11-02 18:46:12 · 3 answers · asked by Anonymous in United States

Most of the time, when I apply for a job, my employer wants me to fill out the W2 form on the spot and would not let me bring it home. Is it required by Law for me to fill out these forms on my employer's premise?

I don't understand taxes and perhapses if I don't make it my profession, I guess I never will. Right now I'm being taxed about 20% out of my paycheck. I'm not sure if it's average or are they taking too much.

Would it be possible for me to take my W2 forms home and bring it to one of the H&R Block Tax Representatives to help me fill out the forms? Will they do that? How much do you think they will charge? Do H&R Block do this kind of stuff?

2007-11-02 18:27:28 · 13 answers · asked by Anonymous in United States

I want to become an Income Tax agent. like to do the paper work for people to file their taxes. What will i need? this is for the state of California. Please answers only if you know what you are going to answer. Please be specific. i need Step by Step information on what are all the requirements i need. All information will be truly appreciated.

2007-11-02 17:58:38 · 3 answers · asked by AnGeLo 1 in United States

if i purchased work equipment on credit, at what point can i claim the deduction for my taxes? based on purchase date or payoff date? also, i have been told that a stolen automobile is deductible. is this true? what about child support paid out?

2007-11-02 16:29:32 · 9 answers · asked by Jay 2 in United States

when will i have to pay and about how much..im 18 i just started sept 13

2007-11-02 16:01:23 · 5 answers · asked by Anonymous in United States

there are two kinds of education credit. the hope and lifetime learning credit. is there are limit in the number of students who can claim the hope credit in a tax year? please indicate the reference of your answers. thank you.

2007-11-02 15:29:37 · 3 answers · asked by The White Queen 1 in United States

I just got a document set up on MS word, not a W2 type of form. I've never filled out a 1099 type of form, just making sure this is OK.

2007-11-02 15:12:38 · 11 answers · asked by Fuzzy Slippers 1 in United States

last years tax returns me and my parents did them separae and on mine i said i'm not a dependent and in my parents they put me as a dependent, and couple of days ago i got a 1040X form, my question is i got about $800 refund now after we fill the 1040X and tell them that i'm a dependent how much will I have to pay back?
thanks

2007-11-02 15:10:42 · 1 answers · asked by Anonymous in India

wut is the gov't take out for taxes i so i want to know wut i have left from 1,200 i think it 900$


and i live in new york city if that help

2007-11-02 14:32:52 · 8 answers · asked by Anonymous in United States

I need to pay this bill, but I want to do it now online, and not wait for it to go through the mail.

2007-11-02 14:29:57 · 6 answers · asked by Anonymous in United States

2007-11-02 14:20:20 · 23 answers · asked by Anonymous in United States

I recived a letter from the irs saying that i owe them 4,129.00. they say the year is 2005 on them. i did file joint taxes with my husband in 2004. and i filied alone in 2005,2006,2007. we have split up since july of 2006. he must not have filed his taxes since 2004 when we filed together and now they are saying i have to pay and im held responsible for the back taxes. has anyone else been in this situation. someone please help

2007-11-02 13:57:20 · 8 answers · asked by JEN 3 in United States

2007-11-02 12:54:23 · 3 answers · asked by Melabs 1 in United States

My tax return was inadvertently efiled by a firm incorrectlty as "MFJ". I was "Single" at the time. As I am clear I cannot amend the return to MFS, am I able to correct my filing status to "Single".

2007-11-02 12:51:06 · 6 answers · asked by Anonymous in United States

I'm single. 18. No kids. Live with mom. HELP!

2007-11-02 12:43:25 · 7 answers · asked by couguron 1 in United States

i cannot get them from my employer how can i optain them again.

2007-11-02 12:03:30 · 5 answers · asked by lisa n 2 in United States

i won 500.00 dollars on the radio, how much do i pay in taxes at the end of the year?

2007-11-02 11:17:15 · 15 answers · asked by Ayleen 1 in United States

When my mother passed away in January a memorial account was set up in her name with monies donated to the family. As executor of this account do I claim these funds as income on MY taxes or is it claimed on HER 2007 taxes? Thanks for any help and advice.

2007-11-02 11:10:30 · 4 answers · asked by faerie.tattoo 2 in United States