Taxes - December 2007

I got my property tax bill for my old vehicle (which was sold to an auto shop when it broke down a while back). On the bill and through looking at my info. online, I notice the tax is for that car and not my new one. What do I need to do? Do I still pay for my old car's tax? And if so, what about my new one? Thanks!

2007-12-22 16:36:41 · 4 answers · asked by Miss K 3 in United States

I'm going to school to be an accountant, But I'm also supporting Ron Paul (You know, beacuse I care about America and Freedom)

But if He started working to abolish the IRS and succeeded, Well I heard jokes about how accountants would go out of business.

But I was planning on being more of a Financial adviser type. Am I in danger if the IRS was abolished.

When I told my dad I wanted to go to school to be an accountant he said that If I got a CPA I would be a made man, without income tax is this true.

If it is then what should I do to make the Big Bucks.

2007-12-22 15:59:30 · 12 answers · asked by Anonymous in United States

i got a call today from the social security administration. they told me because i pay my taxes i was picked by the federal government to get $500 deposited into my bank account for 6 months. i didnt give them any of my info and told them i would call them back in a couple of days. cuz this sounds too good to be true. they told me that i dont have to pay back one penny. i got their number and called it to see if it was really the social security admn.... and it was... do you think this is a scam? have you ever heard of such a thing?

2007-12-22 15:53:39 · 10 answers · asked by LogansMommie 3 in United States

2007-12-22 15:40:53 · 11 answers · asked by Lori 1 in United States

another words, how come it appears that the middle class is taxed more heavily per income than the wealthy

2007-12-22 15:32:02 · 6 answers · asked by brett c 1 in United States

I need the attachments of the tax return and not a copy of the actual 1040. Would a transcript be about the same thing?

2007-12-22 15:27:50 · 2 answers · asked by jvcosmokitty1 1 in United States

Can my fiance adopt me so he can claim me as a dependant on his tax return. He provides more htan half of my support, all of it actually
but i made more than 3400 that year with my internship and i am a full time student. If he is my parent and i am under 24 and make more than 3400
they can claim me as a dependant, so if he adopts me can we do that?


I KNOW THIS SOUNDS WEIRD BUT WE ARE TRYING TO FIND SOME TAX LOOPHOLE!

2007-12-22 14:58:08 · 7 answers · asked by FunkyMonkey 5 in United States

I neet a copy of my income tax return with attachments and unfortunately my tax preparer does not keeps copies but only of the actual return. What would you recommend?

2007-12-22 14:44:00 · 5 answers · asked by jvcosmokitty1 1 in United States

This year I had to buy some very expensive tools to use in dental hygiene school. Can I somehow claim them on my taxes? If so, up to how much can I claim? Where do I claim them on my taxes?
(I spent about $1,200 on dental tools, and $1,500 on books)

2007-12-22 13:59:39 · 7 answers · asked by Frosty-pants 3 in United States

first week of january?
second week?
february??

thanks.

2007-12-22 12:41:20 · 4 answers · asked by BRobb 3 in United States

2007-12-22 12:37:50 · 7 answers · asked by tlmitchell69 1 in United States

When are we supposed to get our W2 Forms back from our employee's??
Is it by the end of January?
And if done online it only takes about 7-10 days to get back to you?Correct?

2007-12-22 11:39:44 · 2 answers · asked by ♥♥ 4 in United States

recieved large sum cash from deceased mother. 200K. do I have to claim, I know I dont have to pay taxes on it. what do I do at tax time?? no real estate, just cash

2007-12-22 11:31:13 · 6 answers · asked by Anonymous in United States

a window being blown out and rain coming into my apartment killing my laptop and computer monitors?

This happened during the recent Noreaster.

Thanks in advance.

2007-12-22 10:19:05 · 1 answers · asked by GYJ-Dude 1 in United States

2007-12-22 10:17:32 · 4 answers · asked by teamlostsouls 1 in Other - Taxes

ok so far i made $5526
fed has taken out $410
employee medical $80
social security $342
ny state $62
and ny disability $18

this will be the first time im doing my taxes and im also going to college my load was for $2000

2007-12-22 10:11:10 · 2 answers · asked by Sesshoumaruxjeff 2 in United States

have been disabled for 3 years now for 18 months I received disability payments from a policy purchased at work. I am not getting SSD. Can we claim the extra deduction for disability at tax time?

2007-12-22 10:02:51 · 2 answers · asked by kjathena1 2 in United States

I put $1000 in a flexible spending account at my new job. I know I am getting braces in Feburary which is going to be covered (I made sure).
Anyway I plan on going to graduate school in Sept. and quit my job.
When I signed up for the account, they said I can use the whole thing right away (which I plan on doing so my monthly payments are cheaper)
Long story short, if I quit the job before the $1000 is deducted from my pay what happens? It would be in September, and the FS account goes to Dec (of next year) Would I just owe the remainder back to someone (it would be about $300?)

2007-12-22 09:59:22 · 4 answers · asked by silly 123 3 in United States

They told me to do something and agreed to pay me at my hourly rate. (I had been their employee.) They then reneged and refused to pay until I threatened to report them to the state. They then sent me the correct amount of money, but incorrectly listed it as a non-taxable expense reimbursement, rather than wages, and did not withhold taxes. Do I still report it on my 1040?

2007-12-22 09:58:58 · 2 answers · asked by StephenWeinstein 7 in United States

Bank of America agreed to pay me $100 within a certain number of days, if I opened an account. I opened the account. Had they paid the money on time, it would have been taxable (as interest). However, they did not pay it and wasted many hours of my time by having me repeatedly call on the telephone and listen to them give new dates that they also failed to meet. Eventually, I filed a complaint with the Better Business Bureau and the bank posted a $100 credit to my account, which is listed in their records as a refund of fees. An actual refund of fees is not taxable (unless the fees were deducted on a prior year's return), but they never charged the fees for which this is a "refund". Is it taxable?

2007-12-22 09:55:35 · 2 answers · asked by StephenWeinstein 7 in United States

In other words do I calculate the eaxes I owe (I'm in the 15% bracket) based on the total income or the income after all the deductions are taken out?

2007-12-22 09:50:42 · 9 answers · asked by GYJ-Dude 1 in United States

They are same thing, Liability but why would you use it at same time? I don't see the logic behind it...Can someone explain with specific situation one would use both in balance sheet

2007-12-22 09:22:36 · 3 answers · asked by Poor and Hungry57 2 in Other - Taxes

I am a single mom raising a 4 year old son and I haven't worked since july 0f 2006 because i am having trouble finding a job and is it possible you can get alittle money back from taxes if it is possible. How much would you usually get back and is there help that i can get?

2007-12-22 09:21:12 · 4 answers · asked by Amber H 2 in United States

I have set up payments for my taxes and my payment is due on 12/25. However, I can't figure out how to pay it online. :( I can't call and pay it because the IRS is closed til 12/26.

Can anyone please give me a link to their online payment system?

Thanks!

2007-12-22 08:33:06 · 4 answers · asked by guerita135 2 in United States

Why would a homeowner's association (a non-profit) choose to file their federal returns under section 528 as opposed to section 277? What are the advantages? What are the disadvantages? Would the IRS website give me access to the tax code?

2007-12-22 08:02:39 · 3 answers · asked by RUSerious 7 in United States

2007-12-22 07:17:17 · 2 answers · asked by Anonymous in United States

could someone explain to me or send me a link that shows that my father can legally claim me on his taxes if I am a full time student. I went to IRS. gov and I am not familiar with how this works. I am a fulltime student and I am 20 years old and my father claims me therefore on my fasfa I am a dependent. However, he does not support me in college. Where do I find info on this?

2007-12-22 06:43:13 · 6 answers · asked by Anonymous in United States

It's the end of the year, and I've noticed that I've had more deducted from my check for 401K contributions than have been deposited into my 401K account. This may not be a problem (yet), but I would imagine the IRS allows only a certain amount of time for employers and/or plan administrators to make these deposits. I've already raised the question with the employer (so they can look into it and fix the problem), but I'd like to know how long I should normally wait before raising this concern with them again in the future. How long does my employer have between taking a 401K deduction from paycheck and depositing it into my 401K?

2007-12-22 06:12:07 · 3 answers · asked by IWantMyTwoDollars! 1 in United States

2007-12-22 06:11:54 · 2 answers · asked by Anonymous in United States

Blingo had me send them a tax form since it was over 600 dollars. I guess anything over 600 we need to get taxed on prizes.
so exactly, how much should i set aside? does it go into the same category as gambling winnings?


I make 45,000 a year before taxes. Im in CA and fed 1 and state 0. i was thinking of setting aside like 300 dollars. i thought it would be 28 percent of winnings or something. i hope not : (

also blingo is a legit site as I already got the prize through fed ex and its been on the news as a very reputable site.

2007-12-22 06:05:52 · 3 answers · asked by mrxalex319 2 in United States