Taxes - December 2007

I own a rental property under my business name(an LLC) and receive rental income. Can I report this rental income under business income (Sch. C) or should I report rental income separately under Sch. E (Supplemental income/loss)?

2007-12-15 05:15:18 · 2 answers · asked by Phil 3 in United States

I started new job and work in Ca but pay at the Wa state rate for taxes. I have been working lots of ot but they took out so much taxes last time. If I make 3,000.00, how much will come out. I make 35.00 per hrs and 52.50 per ot hr.

2007-12-15 04:34:32 · 3 answers · asked by Anonymous in United States

2007-12-15 04:20:32 · 2 answers · asked by Shay 1 in United Kingdom

I am working on my green card and was wondering lawyer fees and other fees are tax deductable?

2007-12-15 04:19:22 · 1 answers · asked by silentshade31 2 in United States

i have a friend who is just a few months younger than i am and her dad claimed her on the last taxes, and i dindt think they could do that if you are over 18.

2007-12-15 04:00:04 · 5 answers · asked by heather4nicole 1 in United States

I went to H&R last night...and the lady was too busy talking about her trip to pay attention to what she was entering and she entered my income wrong, and it stated that I only make $2000 a year..so it denied me..then she was like.."Oh, no" and tried to go back on the browser, to enter the info correctly. Once she did, they allowed her to continue, but at the very end, although they gave me the card, she said only $5.00 would be put on it..BUT lucky me..I can have my paycheck direct deposit...WHATEVER...has anyone had this happen, and can I have this somehow fixed..I should be eligible, and it is at the fault of the tax preparer...Also, how can I trust them to pay attention to what they are doing when they prepare my taxes if they have made such a SIMPLE airheaded mistake??? HELP

2007-12-15 03:59:52 · 3 answers · asked by happiness 1 in United States

2007-12-15 03:12:22 · 5 answers · asked by Olive Crayon 4 in United States

2007-12-15 01:30:46 · 7 answers · asked by Lisa b 1 in United States

I have been hearing that there is no actual law to this effect.
Could this be true? Please cite the specific laws and supreme court rulings which are relevant, if you can.

An 11 part documentary asking the same question:
http://www.youtube.com/watch?v=3ueEfRXZCVA

2007-12-14 22:37:41 · 8 answers · asked by gherkinspeiler 2 in United States

But in reality, doesn't really have any kids

2007-12-14 22:23:05 · 11 answers · asked by Convict 2 in United States

2007-12-14 21:38:44 · 3 answers · asked by Olive Crayon 4 in Other - Taxes

2007-12-14 21:01:06 · 1 answers · asked by Lalit V 1 in India

I have barely any of my tax forms.. is there anyway I can get copys from them? I had a couple jobs, and I qualified for EITC, but I owe this year and I was seeing if that was done wrong.

2007-12-14 19:45:00 · 9 answers · asked by Alley B 1 in United States

I just got fired from my job today. The reason why is because I didn't give them my social security card number. I lied to them about my age. I told them I was 18 when in actuality I am only 15. Will they be able to pay me for the hours I worked?

2007-12-14 19:22:19 · 3 answers · asked by Anonymous in United States

Now, I recently work in lil' ceasars, but now I'm a nurse aid.
My problem was...
Will it be Okay if I fill-up the W-2 form with only the paystub from my nurse' aide job? even though I don't have my paystub when I worked in Lil' caesars?

Because I already ripped my paystub when I was working in Lil caesars (coz i hate that Job!!!!) and I didn't know the uses of a paystub on near future.

Hope you'll help me. thanks.

2007-12-14 18:16:13 · 5 answers · asked by Akakage 2 in United States

I recently won a seventeen sweepstakes for $500 .. was wondering how much am i going to get taxed on it?

2007-12-14 17:21:13 · 3 answers · asked by Anonymous in United States

Iam married and have one child, Fed Taxable Gross 78,109.35 , Fed withholding 11,130.22 .

2007-12-14 17:18:44 · 2 answers · asked by SHAUN G 1 in United States

Serious answers please! Thanks in advance.

2007-12-14 16:52:04 · 7 answers · asked by ஐ♥Mom of 5♥ஐ 4 in United States

When you filed your taxes and claimed that you were a single parent and head of household, how much did that give you on your taxes? Does it give a good extra bc your a single parent and a head of household?

2007-12-14 15:14:18 · 7 answers · asked by Anonymous in United States

Would you let your pay check be taxed by 51 percent, if your recieved the following: free medical care, free education (university education included) but no taxes on food or clothing.
Keep in mind that there are countries that already do this. The Swiss, Cuba and Great Brittian have been doing it for years. They all have a lower death rate than the US.

Would you vote for it and why?

2007-12-14 15:12:31 · 6 answers · asked by HeisMe 4 in United States

We are itemizing our medical expenses for 2007 due to exceeding the 7.5% of AGI for medical expenses. Can we prepay my wife's individual health insurance premiums for 2008, so that I get credit for them in 2007? The 12 month amount would be ~$1300 and will be paid for with aftertax dollars. We should not be itemizing next year. Thanks.

2007-12-14 15:04:30 · 4 answers · asked by Jason From Texas 2 in United States

I'm just curious if you end up paying more in taxes if you get paid once a month as opposed to being paid every other week.

2007-12-14 14:28:49 · 4 answers · asked by Brendan C 2 in United States

claim them on my taxes???? is this even true???

2007-12-14 13:33:02 · 4 answers · asked by trixibel 6 in United States

n? Some of the stocks had dividends, some had profits, some losses? So how is the tax computed on the payouts? Is there anything I should be doing with this traditional IRA account to make sure that expenses and losses are taken into account correctly?

2007-12-14 12:48:21 · 3 answers · asked by Anonymous in United States

I am a full time student, graduating in June 2008. I have a job starting in August 2008 and I will be making $50,000 annually. Should I claim as an independent in 2008 for tax purposes or give my parents the advantages of claiming me as a dependent? (since I am under 23 and I guess I will still be considered a full time student for that tax year since I will be in school until June). Sorry if this is a little complicated.. thanks for the help... My main concern is paying income tax btw.

2007-12-14 12:17:10 · 6 answers · asked by Anonymous in United States

I need the formula

2007-12-14 11:55:52 · 3 answers · asked by richard t 1 in Other - Taxes

my employer bid a job wrong and is out of cash having promised me double wages for waiting a month for pay. now hes bitter and wants me to pay the taxes on this one job???? what should i do?

2007-12-14 11:51:31 · 5 answers · asked by Anonymous in United States

If a person forgot to make quarterly payments for 2007 estimated taxes, is it better to use four Form 1040-ES and pay the amount with 4 checks? or pay the whole amount with one check and one Form 1040-ES?

2007-12-14 11:36:26 · 3 answers · asked by Mono 1 in United States

I was just fired from OfficeMax and am getting ready to file unemployment and was wondering if anyone on here has ever filed after leaving officemax. Do they fight it? Are they on there game here or like everything else with this company do they screw it up?

2007-12-14 11:31:34 · 3 answers · asked by Anonymous in United States

I'm receiving a $1,000 bonus but am not having taxes withheld. Since there is no deduction on a 1040 for FICA taxes how does the SS Admin collect the $1,000 X ((6.2% (SS) +1.45% (Med)) = $76.50? Is it imbedded within the tax table?

2007-12-14 11:30:17 · 4 answers · asked by roundmound1 2 in United States