Taxes - November 2007

Their short term benefits spoil continuous, money making opportunities down the road.

http://www.tri-cityherald.com/tch/local/state/story/9482457p-9393657c.html

2007-11-28 10:32:47 · 1 answers · asked by kfinn360 2 in United States

2007-11-28 10:15:01 · 3 answers · asked by Sean E 1 in United States

i.e., the ones who say income tax is a voluntary contribution and such

2007-11-28 09:07:46 · 9 answers · asked by Allergic To Eggs 6 in Other - Taxes

I really need to know about this one. If you get into a program online or win a large sum of money, and then donate 10% or more of it to a charity of some sort. Are you then exempt from paying taxes on that income? Please answer with details & a source.

2007-11-28 09:01:49 · 5 answers · asked by Anonymous in United States

My ex husband and I both claimed our daughter on our 06 taxes. Our divorce papers state that the father can claim her as long as his support is current. Kansas law requires that support be paid until the child turns 18 which she turned 18 in February. He continued to pay support until the end of June. She resided with me the whole year until going to college in the fall. Am I in the wrong for claiming her on my taxes?

2007-11-28 08:57:12 · 10 answers · asked by hgs 1 in United States

Is it possible to have money in a Cayman (or any other tax haven country) account and lend that money to an LLC here in the states to purchase real estate? What would be the tax benefits of doing so? I would imagine the interest payments that are paid to this Cayman company are a tax decuction here and could lower the tax liability of the US LLC.

2007-11-28 08:49:23 · 3 answers · asked by Anonymous in United States

i was on maternity leave for six months will i still recieve the same amount for being the head of my household?

2007-11-28 08:46:45 · 3 answers · asked by Lashelle H 1 in United States

I want withholding tax deducted from my paycheck so I get money back on my income tax. Do I claim 0 or 1?

2007-11-28 08:38:29 · 22 answers · asked by Sis235 1 in United States

2007-11-28 08:21:15 · 3 answers · asked by Anonymous in Other - Taxes

We lost our mother last year and she left us some money invested in mutual funds. State estate taxes were paid. The funds were transfered within the brokerage and invested in the same and similar funds under our individual names. They have appreciated about 4% this year. What do we pay taxes on; the original amount AND the gains, or just the gains?

2007-11-28 08:11:28 · 5 answers · asked by boz_hobbs 2 in United States

What do you all think about abolishing the tax code as it stands now, and implementing a Federal tax on purchases, all purchases. This can be added to the state tax you pay at the counter. Then it would be a fair tax across the board. You buy, you pay tax. The more you spend, the more you pay. Eliminates the write off's the rich use to avoid taxes.

2007-11-28 07:58:19 · 7 answers · asked by cancun1313 4 in United States

tax evasion

2007-11-28 07:57:31 · 9 answers · asked by Anonymous in Other - Taxes

I bought a laptop in Vegas and I live in Scotland and the guy in the shop said could claim the tax back but I can't find anyway of doing it.

2007-11-28 07:56:47 · 5 answers · asked by niceaverage_girl 1 in United States

I just found out that the company I work for has not paid the payroll taxes for Aug, Sept, or Oct. By law, they are supposed to be reported. My question is, once reported, how long is it usually before the IRS comes to the door? They were late paying for one month already this year, but not like this. They haven't even paid the employee portion nor do they have the money to do so.

2007-11-28 07:03:10 · 4 answers · asked by char727 1 in United States

2007-11-28 06:59:24 · 7 answers · asked by O J 1 in United States

2007-11-28 06:23:48 · 2 answers · asked by Jacqueline E 2 in United States

i am single and owns a house
interest + house insurance is 32000, gAVE TO CHARITY A 190E MERCEDES 1992

2007-11-28 06:10:36 · 5 answers · asked by al e 1 in United States

2007-11-28 06:07:26 · 3 answers · asked by Joebagodonuts 3 in United States

I guess that I've always considered shopping at these places as "a charitable contribution" because I can get the items new elsewhere. I just think that its a great charity to help support so I try to do as much there as possible. But I've never claimed all the money that I put towards that on my taxes. I was told I could by someone at work but they're not an expert so i thought I would try and get a solid answer. Anyone have any insight?

2007-11-28 05:30:06 · 7 answers · asked by Anonymous in United States

Ok last year was the first year we claimed our daughter. I have made a little bit more this year than last due to a raise. My husband quit his job Oct. 2006 and got a new job Feb. 2007 and got fired from that job Nov. 2007. He made less money at that job. My question is should we be expecting the same amount we got last year or more? Do you basically get the same amount a year when you claim a kid? Thanks

2007-11-28 05:24:42 · 5 answers · asked by Brianna'sMomma 5 in United States

hi, as i am the only earner in my home me and my partner applied for council tax benefit and rent benefit and was granted it a few months back. one month i had to do three courses for work and was paid overtime for this . they have now stopped my benefit as they say i earn too much. ( they used that payslip to calculate my earnings) i have had a written letter from my employer stating that i was paid extra this particular month and it was not my wage normally. i also took down statements and payslips showing that since that month my pay had returned to its original low amount. they looked at out claim again and still said that the letter proved nothing and was a business expense that i had to meet.( made no sense to me either) we have now appealed but havent any reply for a month. any advice ? i'm not entitled to working tax credit as i'm 23 and have no kids. they also failed to note that since then my rent has increased.. grrrrrrrrr

2007-11-28 05:15:03 · 6 answers · asked by insatiable little yellow duckie 3 in United Kingdom

I have been searching for a few hours, and I can't seem to find a property tax rate listing for California. I have found it for a few other states, but no California. Anyone know the rate for Oakhurst/Ahwahnee?

2007-11-28 05:05:52 · 3 answers · asked by kay 1 in United States

My son is an adult and is in an facility for the mentally disabled. I provide for all of his expenses including clothes, cost of meals and the facility. Can I claim him as my dependent on federal tax return? I maintain my home and he has his own room when he comes to visit. Due to mental capacity he is in facility. Can anyone help?

2007-11-28 04:37:40 · 4 answers · asked by Anonymous in United States

what can i take off on my taxes. windows doors, ac, etc? any help would be greatful. do i have to take my taxes to a professional since i did just buy a house in 2007.

2007-11-28 04:20:13 · 3 answers · asked by Sky 2 in United States

If a creditor has filed and obtained a judgement against in you, can they take your federal tax refund after it has been filed? And if so, can they take the entire thing if the judgement is against a single individual and you are now married filing jointly?

2007-11-28 04:14:01 · 2 answers · asked by A P 3 in United States

I have lived in Europe for 4 years but I use still use my parents address in Massachusetts for any important mail such as credit card bills etc.
Do I still need to pay mass state taxes?

2007-11-28 03:49:40 · 3 answers · asked by pivko 2 in United States

Also, it's only one item, so what is the probability of US Customs confiscating this electronic item? Thanks!

2007-11-28 02:55:20 · 3 answers · asked by Anonymous in United States

2007-11-28 02:53:46 · 11 answers · asked by fhjccy 1 in United States

2007-11-28 02:45:34 · 5 answers · asked by mcquilkincurtis 1 in United States

Please advise if you think a business would be less likely to be audited if it were a S Corp, compared to being a single person LLC.

I had it explained to me this way - If you operate as a corporation, the IRS must come to you to conduct an audit, but as a single person LLC you file a Sch C with your 1040. Therefore as an individual filer you are required to go to the IRS for an audit.

So it costs the IRS more to conduct an audit off site (1120/1120S) than it does in their offices (1040). As a result, given two similar businesses, the IRS is more likely to audit the one that files on a 1040.

Does that seem logical, or from experience, have you found that it doesn't really matter?

2007-11-28 02:40:24 · 2 answers · asked by nealeinmi 3 in United States