Taxes - December 2007

i'm getting a significant signing bonus as part of a new job. Is it giong to be taxed differently? on a different form? Should i ask to just incorporate that into my salary the next few years rather than take a bonus now (for some tax benefit?)

2007-12-22 05:42:18 · 2 answers · asked by coumadin 1 in India

2007-12-22 04:55:39 · 3 answers · asked by kojak 1 in United States

When I was 18 I bought a home through USDA rural development, with only my name on the mortgage. (My boyfriend and I in the house with my daughter but since we weren't married they didn't put his name on the loan and they told me if we weren't married by the time we closed on it, he would never be responsible for the debt.) Soon after we moved in, we got married and he went off to basic training for the army. We ended up getting stationed in Georgia, halfway across the country and decided to rent out the house. To make a long story short, the renting didn't work out and I got stuck with that house payment and my new rent where my husband is stationed. I am a few payments late on that mortgage as it is and I am considering just doing a buy-back or whatever the technical term for that is because we didn't anticipate this happening and we can't pay two house payments.

2007-12-22 04:21:03 · 5 answers · asked by candicekellie 2 in United States

so, all kids are grown now as of this year. Husband claims 0 dependants. Annual income is about 55,000. Will we owe taxes at the end of the year? Or will get a little back?

2007-12-22 04:12:14 · 3 answers · asked by reowrrrr 2 in United States

I was trying to file my taxes and it said I need to fill this out before I submit.

2007-12-22 03:31:45 · 3 answers · asked by Mimi ! 2 in United States

2007-12-22 03:09:03 · 5 answers · asked by Thad Hollywell 1 in United States

2007-12-22 01:35:55 · 5 answers · asked by Ken C 1 in United States

car while on business trips. I say that he uses his car just like I do, to take us to where we work. It is not my problem if he chooses to work "all over the place." Why should I have to help him buy gas and oil through taxes that I pay? None of you were able to convince me that I was wrong. Now, let us extend the thought. Why should ANY business expense be "tax deductable?" Why should I have to help a road building company buy their big machines with my tax dollars? Is this what people call "welfare for the rich?" Why not just have a simple tax plan with NO "tax write offs?"

2007-12-22 00:37:52 · 7 answers · asked by Bluebeard 1 in United States

in case of installment sales, we record:
debit. Installment contract receivable
credit. Installment sales
question, how to set up entry on EVAT output tax embedded on installment sales?

2007-12-21 21:56:00 · 1 answers · asked by Anonymous in Other - Taxes

In the absence of a partnership agreement, the law says that income (and loss) should be allocated based on:

A fractional basis.

The ratio of capital investments.

Salary allowances.

Equal shares.

Interest allowances.

2007-12-21 21:08:25 · 3 answers · asked by Anonymous in United States

How can I leagally file them or is there some basic law on the average of support where I can't file them on my taxes ? Both worked approx 6 weeks total out of the year.

2007-12-21 20:58:33 · 7 answers · asked by Anonymous in United States

taxation law

2007-12-21 19:37:58 · 16 answers · asked by Anonymous in United States

2007-12-21 17:17:58 · 2 answers · asked by ngwazi 2 in United Kingdom

My husband worked for his uncle in 2004. He was paid cash and never received a stub. He was an employee as far as we were concerned. He used his uncle's tools, drove his uncle's work truck and was dicated to by his uncle when/where/how work was to be done. His uncle filed a 1099 for him and after many discussions with the IRS we were told there was nothing we could do since we kept no records of earnings or expenses. We paid all the penalties and fees and spend 2 years in debt with the IRS. Is there anyway to fight this now that it is paid off and get our money back? Should we even try?

2007-12-21 16:24:03 · 5 answers · asked by rckpenguin 1 in United States

Hello,

I am as of this month a new homeowner! Yay. I have a question, I know that at the end of the year you can write of the taxable interest you have paid that year (only some but not all). My question is can I write off the up front costs I paid to get the mortgage? I did 0% down and still had to put down about $2,000. Thanks.

2007-12-21 16:11:47 · 6 answers · asked by LVNeptune 1 in Other - Taxes

2007-12-21 15:29:28 · 3 answers · asked by Anonymous in United States

2007-12-21 15:23:20 · 4 answers · asked by james w 1 in United States

this year irs took 40% out of my christmas bonus and i was furious..still am. Last year it was just 4%..why?

2007-12-21 14:52:47 · 5 answers · asked by flamboyant 1 in United States

This is my first time filing for FAFSA. I just turned 25 and I'm trying to get federal funding to assist me with tuition fees. I was hired as an independent contractor in 2006 for a couple of freelance jobs. My employer did not deduct any taxes from my paycheck. I made about 6,000 and didn't file for 2006. I'm not sure if it's legal or safe to put down estimate of what I made in '06 in my FAFSA form and correct my SAR later. So, my question is, is there any way I can claim dependent and file with my parent's tax return instead?

2007-12-21 14:20:00 · 3 answers · asked by xyz 2 in United States

If i sell my condo in pennsylvania am I resposible for any capital gains taxes? Im 56yrs old and single

2007-12-21 12:44:12 · 4 answers · asked by toad4446 1 in United States

We have 1 income, 1 child, 1 mortgage, itemize our taxes, and are riding on a $3000 loss on stocks (that are not capital gains).

Would you take a loss or let the stocks ride in the next year? Does it make THAT MUCH of a difference?

2007-12-21 12:31:13 · 4 answers · asked by Mr. Question 1 in United States

what do I need to deduct a pickpocket incident last month where I lost $575?

2007-12-21 12:26:19 · 4 answers · asked by Anonymous in United States

I am considering just letting the IRS have it and sell it. They would get more money out of it now, then years down the road. I am nor do I foresee being in any position to pay this lien. What would happen if I just walked away from it and told them its theirs???

2007-12-21 12:06:44 · 6 answers · asked by adamnicrose 1 in United States

when we do taxes sometimes you and im not talking about when we win money. or is that the only way u owe to the government when u win

2007-12-21 12:01:34 · 23 answers · asked by mexicandimples 2 in United States

I have not lived at home for 3 years and I am workig during the college school yr. and taking out student loans to pay for my education. My parents keep claiming me on their taxes as a dependant and say they'll do so until I'm 24. I have aked the FA office and they said your parents cannot claim you to start with. They make well over 125K per year and are sticking me with 100% of the college expenses, when they suggested I go here in the first place and even said they'd pay for my education but now they decided to build a house and stick me with the debt. I figure it being around 50K when I graduate, do you feel this is the right thing for them to do? I feel at the very least they should at least pay towards the principal balance of the laons or at least give me whatever it is they are writing off a deduction. They claim b/c I'm on their insurace they'll contiune to do it even though the university has 100% medical coverage for full time students. This is a State U.

2007-12-21 11:54:56 · 8 answers · asked by Jason B 1 in United States

I heard from a friend that we can do this....If we both want to claim one of our children and we are not married, can we file single and he claim him for part of the year and I claim him for the other part? Plus, if that is possible in order to do this do we both need diffarant addresses? Thank you for any advice on this.
Jeanie67

2007-12-21 11:28:27 · 6 answers · asked by Anonymous in United States

2007-12-21 11:26:28 · 3 answers · asked by Jack D 1 in United States

Im being asked:

Are you subject to Backup Withholding?

I dont know what to answer

2007-12-21 11:25:14 · 7 answers · asked by Anonymous in United States

i have moved since i was working at my last jobs and i wanted to know if i can do my taxes before i recieve my w2's?

2007-12-21 11:18:18 · 6 answers · asked by tumalvada 1 in United States

Well, I am heading to the states real soon and I tried looking all over the net to find some information regarding my question. I head that to a certain amount of purchases are not taxed, also domestic products are not taxed. If anyone has visited the states recently or knows any information on how much I can purchase without paying a tax, or what products are not included in the import taxes that would be awesome. Thanks

2007-12-21 10:56:19 · 1 answers · asked by Anonymous in United States