Taxes - December 2007

has any one heard this and is it true.....

something about Bush didnt give out as much as supposed too and now they're sending out the rest?

2007-12-10 11:04:45 · 5 answers · asked by Angie 3 in United States

I know i will be taxed at 62 of 25% ..if i take it at 62 will the tax drop off at 66.?...i don't want to wait i will lose 60,000 buy the time i reach 66.....thank you

2007-12-10 10:44:20 · 7 answers · asked by braves92@sbcglobal.net 1 in United States

I have opened my HSA account starting Jan 2006 but didn't deposited any money into that account. I have spend all medical expenditure from my own pockat.
How could I get this expensed exmpted from Income Tax?

2007-12-10 10:22:07 · 2 answers · asked by manish2001patel 1 in United States

i dont really remember if i had a job this year but i was told that i could get money just for claiming my child.

2007-12-10 10:11:16 · 8 answers · asked by shawty_red_atl 1 in United States

Would it make taxes the same percentage for all people-poor taxed same percentage as rich?

2007-12-10 09:56:48 · 11 answers · asked by NFrancis 4 in United States

home buyer, in 2005. I am many years less than 59. My "advisors" had not informed me that this sort of early withdrawal is only tax exempt if it is made at least 5 yrs after the creation of the Roth (the Roth started in 2002); I thought it was tax exempt just because it was used as a first time homebuyer cost. I made this unfortunate finding just now, as I research my reply to the CP2000 the IRS sent me a few months ago, stating that I owe them $900 in taxes. My question: is this true? Am I screwed? I have also read that your contributions to the Roth can be withdrawn "anytime" without tax or penalty. Can this be true? If so, and if contributions are the first to be withdrawn, then didn't part or all of my $3000 distribution in 2005 actually consist of contributions, so that part or all of it should be exempt from tax? Anyone?

2007-12-10 09:33:33 · 3 answers · asked by geeker 1 in United States

Last year my husband and I filed jointly and lost about 4,000 dollars to my student loans. Can I file a 8379? If so, will I get that money back? I'm a bit confused with that. Also how long does it take to get back the return if it DOES indeed work?

2007-12-10 09:14:14 · 3 answers · asked by Laura S 4 in United States

I was thinking about selling AVON and the lady told me if you make less than $5,000.00 in a year they do not report it. I want to still file what I make to avoid problems if I decide to do this. Does anyone know exactly what I need to keep track of and how to file etc etc...??

2007-12-10 08:55:07 · 7 answers · asked by JennRx 1 in United States

If I get a settlement from my malpractice lawsuit, do I have to claim my "winnings" when I file my taxes?

2007-12-10 08:38:59 · 8 answers · asked by Anonymous in United States

I've tried the IRS website, its too confusing. And I just want to make sure my Tax guy isn't overlooking something.
I claim head of household with 1 child. My annual gross is definitly under 40k. I'm single, and go to school part time.
He gives me Child Credit, Child care credit, and i believe I have Earned income credit as well.

Would anything else be possible?

2007-12-10 08:36:59 · 2 answers · asked by Anonymous in United States

I am almost at the mandatory required age to take distribution from my 457 Deferred Compensation Plan (city government retirement plan) otherwise I have to pay a penalty. What is the best way to take it to preserve my asset and pass it down to my children after my death, and not create a tax problem (meaning Uncle Sam gets a big chunk instead of my children at my death). Thank you all.
Jimmy

2007-12-10 08:31:51 · 5 answers · asked by Jimmy 1 in United States

A. workers' compensation
B. FICA tax
C. Unemployment insurance
D. federal income tax

2007-12-10 08:25:59 · 5 answers · asked by Sam 1 in United States

Hi, I want to start a home cleaning service, but I am interested in hiring independent contractors to do the bulk of the work, so that they will be responsible for filing their own taxes. Is it possible to register my business as a sole proprietorship if I intend to have independent contractors?

2007-12-10 08:07:14 · 3 answers · asked by kimmy 2 in United States

I don't owe alot not compared to the usual but it is in the hundreds

2007-12-10 08:00:17 · 5 answers · asked by andrea 1 in United States

i'm 16, will be 17 on the 25th and i wanted to know if i have to file my own taxes. I only worked for about 2-3 months, i'm not sure if i can still be filed as a dependent on my moms taxes and can she file my earnings? i live in texas also if that matters. thanks much!

2007-12-10 07:49:31 · 10 answers · asked by HOPElessly Devoted 2 in United States

2007-12-10 07:40:38 · 4 answers · asked by Anonymous in United States

No employment tax, no compliance costs, to pass on in their prices?

2007-12-10 07:29:57 · 5 answers · asked by Anonymous in United States

How do I decrease the amount of money that is withheld from my paycheck every month? I want the most money per month possible. What allowances/exeptions do I write down?

2007-12-10 07:04:47 · 11 answers · asked by mark m 1 in United States

I calculated all the stuff and paid my fair share but filed an extension then forgot about it....OOOPS. Now, when thinking about the 2007 tax position, I couldn't find my 2006 return and think I actually forgot to send it in? What should I do?

2007-12-10 07:04:47 · 25 answers · asked by Kendall W 1 in Other - Taxes

I bought a home in Wyoming in August, then left my job in California (never owned a home in California) and moved to Wyoming. I also took the lump sum on my 401K, but did pay 7% in taxes on the lump sum distribution. I am now working out here. I realize my taxes are going to be a mess, anything special Ishould know -extra deductions, special taxes?

2007-12-10 06:53:50 · 4 answers · asked by Helpfull? 3 in United States

I stay at home with my daughter. My husband jus left for Iraq a month ago. We have lived in TX the past year... No state tax... Is there anything I can put or anything to get the most that I can get back?

2007-12-10 06:06:39 · 4 answers · asked by Anonymous in United States

2007-12-10 05:55:17 · 3 answers · asked by mhouston34 2 in Other - Taxes

2007-12-10 05:50:53 · 3 answers · asked by Anonymous in India

2007-12-10 05:40:13 · 4 answers · asked by Shawn S 1 in United States

If my property taxes are billed late and do not become due and payable until next year, can I still deduct them on this year's return. Let me clarify. Tax bills went out today; they are due early January. If my mortgage company does not pay them until the due date (I have already paid all amounts into escrow) can I still deduct them on my 2007 return.

I would appreciate any advice from tax professionals or anyone else that knows. Code references will be especially appreciated.

2007-12-10 05:34:56 · 6 answers · asked by Anonymous in United States

2007-12-10 05:31:37 · 6 answers · asked by jocelynjh31 1 in United States

I am a student that is 25 living in the state of Texas. I was wondering what I could deducted from my taxes to get the optimal refund.

I'm not married and do not have kids, I have a federal student loan for school, and dont own any property. Any advice or web sites you can direct me to would be greatly appreciated.

Also if I am taking online classes as well as classes on campus, can I deduct my internet as part of school?

2007-12-10 05:05:47 · 5 answers · asked by comrad_420 2 in United States

How much does H&R Block charge for a basic 1040 preperation? How about for more advanced 1040s?

2007-12-10 04:55:21 · 3 answers · asked by Tax Man 2 in United States

I am an insurance agent that works for my mom. Does she have to do something in order for me to file?

2007-12-10 04:52:42 · 16 answers · asked by Bon Voyage 2 in United States

Okay...Im just trying to get a little info before tax season!

So, I am married and did not make any income this year...so, everyone says that we claim a persoal exemption?
Well, how do you do that?
Last year was the same way....but, they did not give me any money back....I dont think my tax guy knew what he was doing!

Please help!

2007-12-10 04:36:46 · 3 answers · asked by mr.t'smom 2 in United States