Taxes - December 2007

2007-12-14 10:10:54 · 9 answers · asked by BB 2 in United States

My 22 year old son is in the National Gaurd Works PT and goes to school. He has been living on his own for 2 years and the military pays his tuition. My X give him NO financial help. How can my x husband continue to claim him as a dependant?

2007-12-14 10:01:06 · 2 answers · asked by Anonymous in United States

hi i am currently building a business, i already have all of my insurances and everything, (its an apartment maintenance business) its a small business, and i just tried to apply for the apartments company but they require me to put a Tax ID number, i have several questions about this, can i just put my personal social security or do i have to get a tax id number for my business? i mean there arent gonna be any employees its just going to be me and my brother (its a partnership), and if i do have to get the tax id number, where can i get it in San Diego, California? or what website, what number to call? any information would be great, thank you!

2007-12-14 09:46:26 · 4 answers · asked by Anonymous in United States

If yes, what is that law?

2007-12-14 09:42:14 · 2 answers · asked by Tony K 2 in United States

We are obviously filing seperately.. can both of us claim the credit for buyign the condo or only one of us. Also, for renovating the place and other home-makeover related expenses... how does it work for people who file seperately?

2007-12-14 07:47:16 · 7 answers · asked by evelinka420 3 in United States

I am having my first baby May 08. I know I can't claim until next years taxes. I was trying to get a ball point estimate on how much I would get back. I live in California, live with my father. I am 21 years old. I am a single mother. Let's say for 2008 I would only make around $3-4000 for the year? Anyone have any ideas?

2007-12-14 07:16:03 · 4 answers · asked by laceypoo86 1 in United States

i want to file chapter13 but i want to keep my income taxes they want to take my car now but i need it. or will they take 2008 taxes can i still file now.

2007-12-14 07:09:23 · 4 answers · asked by Anonymous in United States

2007-12-14 06:51:33 · 4 answers · asked by Mec C 1 in Other - Taxes

A friend gave me a gift card to sell on ebay (they don't have an account) and told me to send the proceeds to a specific charity instead of writing them a check, cashing it, then they have to write out another check to the charity. Can I send the proceeds to the charity and have them use the receipt from the donation at tax time for the deduction??

2007-12-14 06:46:01 · 3 answers · asked by Joe M 1 in United States

2007-12-14 06:39:50 · 4 answers · asked by DVP 1 in United States

Bought a condo late this year but plan on changing my exemptions for the 2008 tax year since i would not have enough itemize deductions for this year.

Will be filing as single and estimate my mortgage interest will be around 13-14 thousand and my property tax will be $3,500.

How many exemptions should I claim, Last year I claim 1 and got back 500 dollars.

I think i should be filing 3 or 4. Is 4 too much?

2007-12-14 06:35:01 · 4 answers · asked by Anonymous in United States

I live in Illinois and work in Missouri, and my employer didn't withhold ANY state taxes throughout 2007 (even though I specifically requested the deduction several times).

As of my last check, my gross pay is about $25,000 and my federal withholdings are about $3,000. (I have a much better job starting in January.)

Unfortunately, as I am under 25 and don't have any children, I don't qualify for any earned income credits or child tax credits. I have, however, paid well over $2,500 in student loan interest throughout the year and purchased a home in May.

What will I owe for state and federal taxes, and are there any tax credits that I could qualify for?

2007-12-14 06:24:44 · 3 answers · asked by DKW 3 in United States

I have been told that if you put £10,000 plus in your bank account the inland revenue are informed. Is this true?

2007-12-14 06:23:51 · 1 answers · asked by mickymo1 3 in United Kingdom

My son 19 years worked last year 2006 and earned $ 5,500
and His with holding tax was $425. he is single and full time student
He lived with us all years and he did not provide over half of his own support.

Question ?
Does he qualify for EITC on his tax return
What amount He can claim for his Personal exemption ?

2007-12-14 06:18:11 · 5 answers · asked by dhca 1 in United States

2007-12-14 06:00:50 · 8 answers · asked by ? 1 in United States

he makes 60,000 a year. Will he have to pay in this year most likely?

2007-12-14 05:51:53 · 3 answers · asked by Floridagirl 3 in United States

2007-12-14 05:43:52 · 2 answers · asked by macK 1 in United States

i have just started working and this is my first job in this country and my pay check says NJ SUI/SDI tax deductions.
can i elect not to pay that tax????

2007-12-14 05:33:09 · 3 answers · asked by saumil 1 in United States

Shoul both companies A and B provide me with the W2 copies of 2006? I filed last march/april. If not, Can IRS give it to me and what is the procedure and how long will it take to get it?

2007-12-14 05:32:01 · 6 answers · asked by bob 1 in United States

My parents make less that 110,000 a year and I make no where near 55k/year. I was wondering who would be eligible for the write-off me or them?

Another question... Can I claim both the hope tax credit AND the student loan interest tax deduction?

2007-12-14 05:29:37 · 2 answers · asked by DVP 1 in United States

I moved out of MO to KS in March 2007. When I went to get the license plates for my car in KS, they charged me the property tax for the entire year. Now I recently got another bill in December from MO for the same property tax. Why am I being double taxed? Why do I have to pay the same tax to both the states? Why isn't this being prorated by either state?

2007-12-14 05:12:35 · 3 answers · asked by Dimpika B 1 in United Kingdom

from the irs. we have the same last name. will they let you do that?

2007-12-14 05:10:44 · 7 answers · asked by Anonymous in United States

If not what taxes would you pay and if you sell the domain next year (2008) are you exempt from CGT under the rule that if you fall into the 10% to !5% tax bracket you pay no CGT in 2008. This would be in the United States.
Obviously we would make a profit from the sale of the domain name.

2007-12-14 05:10:44 · 5 answers · asked by irelandboundaries 1 in United States

ok in 2006 i worked at mcdonalds for a year and a half and i never filed my w2 and then it got lost. i want to go ahead and file it this year so i went to my employer and they said they are a "privately owned buisness" and they arent sure if they still have it on file. if im not mistaken that sounds wrong right? she said even if they do have it it would take up to three months to get it? is that correct? is there any other way to obtain my w2?? please any help would be greatly appriciated. thanks guys

2007-12-14 04:50:44 · 8 answers · asked by yonk 2 in United States

2007-12-14 04:43:49 · 7 answers · asked by Anonymous in United States

Federal and state level (New York- NYC)
What are the savings... doe sit pay (in taxes) to get married???

2007-12-14 04:31:07 · 8 answers · asked by marycotter5678 1 in United States

Can you claim the standard deduction and itemize?

2007-12-14 04:16:16 · 4 answers · asked by Notagain 6 in United States

2007-12-14 03:11:12 · 6 answers · asked by sue 1 in United States

Can anyone tell me where I could find tax info our babysitter?
We want her to start paying taxes this year so we can write it off. not sure of what form we need.

Live in Colorado if that helps any. thanks.

2007-12-14 02:57:38 · 6 answers · asked by palhibberd 1 in United States

Taxes are taken out first from your paycheck. Then when you buy something you are taxed by state, county, and federal sales taxes. Why the three different taxes shouldn't their just be one? Why should an employee even be taxed when the empoloyer is supposed to pay and the products are taxed ahead of time so companies should not have to pay either. Then there is property taxes do we really just rent from the government why even buy land at all there is a sales tax on that and then a yearly tax. Is that right? Then personal property tax you bought the stuff once and paid taxes on it when you bought it right so why would you have to pay it yearly? So when is it possiple to evade taxes? Is the Government really just profiting on the people and are we really just slaves to the government? So is tax evasion really possible? What are your thoughts on this?

2007-12-14 02:08:06 · 7 answers · asked by Vivianna 4 in United States