Taxes - December 2007

is there a chance the tax amount will be higher due to like government changes or something to that nature,than if just pay taxes on it now and find a equivelent interest bearing account to save it in? This would be an account without empl. match. or will the interest make up for any tax changes?(raises)

2007-12-20 15:43:33 · 5 answers · asked by cariebeara 1 in United States

The IRS website say "some" refunds "may" be delayed. Not sure what it means. Thanks

2007-12-20 15:37:27 · 3 answers · asked by rorybellows 4 in United States

I filed one too many exemptions for a child deduction so I received a 1040X to amend this. I know I will have to fill out lines 1-5 and 25-32 on the back.
1) Can I skip lines 6-10 if nothing changed?
2) Can I skip lines 11-18 if nothing changed?
3) Can I skip lines 19-24 if nothing changed?
4) Line 6 (if I need to complete) - How do you check the method originally used (I attached a Sched. D to my original, so is that it?) and what do I write in which column?
Thanks in advance!

2007-12-20 15:24:59 · 5 answers · asked by stonedfenix 1 in United States

2007-12-20 15:16:38 · 3 answers · asked by firenice 2 in United States

I usually use taxact.com , but I started an event planning (LLC in Texas) business this year and have many things to write off and taxact only allows sole prop. ...any suggestions???

2007-12-20 14:39:15 · 3 answers · asked by D B 2 in United States

2007-12-20 14:10:19 · 2 answers · asked by Shelly 2 in United States

this will be my first job but i want to know whether i would still have to pay this coming year (file april 15, 2008) or whether i will wait until 09?

2007-12-20 13:53:52 · 7 answers · asked by nedoglover 4 in United States

I know economics is complicated, but I don't think economists really understand how complicated it is. By trying to complicate the tax code to match the complexity of economics they're just creating so much wasted productivity. Also, economics is so complex that it's not possible to take every income, expense, fairness and equitabity factor into consideration. Its just like insurance. There are so many risk factors to consider in determining someone's chance of an accident its not rational to even bother considering them. The best solution to both taxes and insurance should be simplification.

2007-12-20 13:52:46 · 7 answers · asked by wisemancumth 5 in United States

what do i get for medicare tax?

i have a basic understanding of what i get for income tax, sales tax, social security tax, auto registration tax, etc...but what do i get for medicare tax if i have an HMO?

2007-12-20 13:51:34 · 5 answers · asked by viajero_intergalactico 6 in United States

My husband is in the military stationed in Iraq right now. He is coming home for R&R sometime in January. R&R lasts only 18 days and we don't have money saved up right now to do something special while he is here. His W-2 form is available online on January 22nd, but I was wondering if there was a way that H&R Block ( or another tax place) gave RALs with just the last paycheck stub of the year? That way we will have money to do something before he goes back to Iraq. Thanks in advance.

2007-12-20 13:48:32 · 7 answers · asked by candicekellie 2 in United States

2007-12-20 13:31:46 · 4 answers · asked by amithshah 1 in United States

I was wondering if UE offered an extension and what must the circumstances be to recieve it? If it helps, I live in KY.

2007-12-20 13:21:27 · 1 answers · asked by Jane 2 in Other - Taxes

I have received a compensation check: IF I CASH it in 08, THEN I REPORT THE INCOME ON '08 TAXES...CORRECT?

2007-12-20 13:18:26 · 4 answers · asked by alntes 1 in United States

2007-12-20 12:46:01 · 2 answers · asked by Tori H 1 in United States

i work for cash and im going to end up in court for child support soon . my ex knows where i work and that i make cash. i have a 1099 from last year but its from 2 different employers. nothing this year so far. all cash. she knows how much i make too! am i screwed? ive put some money on paper through the bank . but just enough to pay some small bills. car ins., utilities, ect.... can i just tax the money that went through the bank ? or will they be able to find out about the cash too? no checks from my boss , other than he payed my car ins. one time. thats it.ive been there since last feb. and made about 450 to 650 a week but there is no proof, right? i dont want to get my boss in trouble either.is she going to get me thrown in jail? what do i do?

2007-12-20 12:32:03 · 6 answers · asked by Anonymous in United States

2007-12-20 12:30:23 · 9 answers · asked by Counselor 3 in United States

What is the monthly income for someone that works 40hrs a week, and earns $50,000 a year? Is there some way to figure this out?

2007-12-20 11:59:53 · 8 answers · asked by ry8617jo 1 in United States

I recieved a settlement through a company for wrongful termination..It was less than 20k. Will the company have to send me a 1099 with my W2 and if they do Not send it....what do I do come tax time when I must file my taxes ? There was no taxes taken out of the settlement !

2007-12-20 11:47:48 · 8 answers · asked by Dr. Knowe Nuthing 4 in United States

me,my boyfriend and my toddler lived with my boyfriend's brother family in one house that we are renting,i'm the one who's providing for me,my toddler and my boyfriend and his brother & wife also does the same with his 2 kids.so we basically just put our money together to pay the rent and utilities.is it possible to file head of household and claim my child living in the same roof?

2007-12-20 10:59:24 · 3 answers · asked by rizell2004 2 in United States

2007-12-20 10:46:05 · 9 answers · asked by canigettheanswer 2 in United States

Im actually expecting a tax refund but i was out of the country for 1/2 the year and never filed. I lost my w2's. where can i get a copy of my 2006 w2's?

2007-12-20 10:42:10 · 6 answers · asked by x_masangel69 2 in United States

I didn't get an appraisal for them. Am I limited to only $4,999 as my clothing donation amount now?

Cheers!

2007-12-20 09:47:05 · 7 answers · asked by Anonymous in United States

I have to ask that you know a little something about the Fair Tax Plan before you post an answer. http://www.fairtax.org/site/PageServer?pagename=about_main

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

Why would this be good or bad for America?

2007-12-20 09:04:46 · 13 answers · asked by CuriousGuy92 3 in United States

Just looking for an estimate only. I pay Federal/State as single head of household. I have gotten married and had 3 children since I began my job 7 years ago and never updated my status. We get a generous $7000 range tax return every year which is great (I make around $70,000). However now I would like to maximize my take home pay without owing money back each year. I have since changed to married with 1 allowance. I fear adding additional allowances. I am no longer interested in a refund, just want to come as close to even as possible.

2007-12-20 09:04:21 · 3 answers · asked by cujmh7 2 in United States

2007-12-20 08:44:31 · 3 answers · asked by shirleykins 7 in United States

2007-12-20 08:19:26 · 17 answers · asked by clock1234@sbcglobal.net 1 in United States

2007-12-20 08:08:44 · 2 answers · asked by Anonymous in Other - Taxes

Sorry I'm still a bit confused. My wife and I have 2 preschool kids, I worked full time but my wife is a stay home mom (by choice). We decided to send our kids to preschool started last year (2006). Is the tuition tax deductible at all? If so how can I get the deduction for last year (I didn't claim it last year)? Thank you.

2007-12-20 08:03:50 · 4 answers · asked by Bill C 1 in United States

and paid to my sole beneficiary tax free?

2007-12-20 07:36:59 · 9 answers · asked by romeo o 1 in United States

i was told by social security my disabilty benefits are around 600, and ssi will start in may. why is disabilty more than ssi, and why does ssi start on may no now, plus i will receive a check for 1200 i made my claim on october why im receiving that payment. does the payments come in the mail? i aske because they don have my checking account routing number.

2007-12-20 07:26:04 · 1 answers · asked by Jesus J 1 in United States