Taxes - December 2007

Really, how long should you hang on to the follow?

Pay Stubs
Bank Statements
Credit Card Statements
E*Trade Statements
Receipts

I have ALL of my pay stubs dating back to 1998, I have probably 1.5 years back in bank statements, I think I have 1 yr + in credit card statements, all of my E*Trade statements, & tons & tons of receipts for tax purposes

Is all of this really necessary? Isn't there a limit of how many years/months you should hold onto this stuff?

2007-12-07 00:17:06 · 4 answers · asked by jatay 5 in Other - Taxes

also bi-weekly, this question was asked on a test and I was stumped. the salaried person lived in Illinois and had no dependants.

2007-12-06 23:58:15 · 4 answers · asked by SoulKeeper 7 in United States

2007-12-06 23:52:52 · 2 answers · asked by Hello 1 in Other - Taxes

income around 40000 i have to pay palnaty too

2007-12-06 22:48:09 · 3 answers · asked by chau n 1 in United States

2007-12-06 17:51:20 · 6 answers · asked by Christy A 1 in United States

My mother is unable to work full time and she's having financial problems. I want to help her out but the only way I can do that is if my brother and I both claim her as a dependent. If we combine the extra money we receive on our pay checks it should be able to help her out. However I need to know if that is even legal. Or can only one person claim her as a dependent?

2007-12-06 17:15:54 · 4 answers · asked by Ducky Jackal 3 in United States

2007-12-06 17:00:15 · 7 answers · asked by GCEL S 1 in United States

2007-12-06 15:41:39 · 2 answers · asked by jimmydean 1 in United States

I am 23 years old and single. I live in Los Angeles, CA. My salary will be $41,000. I am paid every two weeks. Trying to figure out what each of my paychecks will be after all taxes?

Can anyone help me with this?

2007-12-06 15:13:44 · 3 answers · asked by Tim 2 in United States

Looking on the net from stuff in the early 1990's, it would appear that if you guarantee a loan for someone, you are treated as having made them an immediate gift - even if the loan never defaults - is that still the case please?

2007-12-06 14:54:49 · 3 answers · asked by Anonymous in United States

I got laid off from my previous job that I had for 5 months and I filed for unemployment and got awarded but the money is coming from the employer before the one that laid me off? What's going on?

2007-12-06 14:24:41 · 3 answers · asked by Anonymous in United States

2007-12-06 13:56:56 · 4 answers · asked by love88 2 in United States

My husband is self-emplyed and I just started a job.
I know there is a form from the IRS that you can see how much taxes you have to pay if you make X money, anybody knows what's that web page?

is the % of taxes different for self-employed (and only employee) , and another % if employed by a company?

2007-12-06 13:47:42 · 1 answers · asked by Anonymous in United States

Do you know a website that I can go onto to calculate how much will be taken out of my weekly paychecks? Or do you know how that is calculated. I know it's different for everyone because of your marital status and dependents but surely there is a way to find out for my checks....Right??

2007-12-06 13:40:12 · 1 answers · asked by Anonymous in United States

The question says it all. If I win a large sum of money why does the government tax it. I pay taxes every year on my income so why the money I won.

2007-12-06 13:38:25 · 18 answers · asked by postal247 2 in United States

I have e-filed federal and state return Feb this year with Turbotax, but I didn't look into if it's possible to file city income tax with it too. I just want to e-file everything at one time, not seperately. Anybody e-filed city income tax?

2007-12-06 13:31:37 · 3 answers · asked by Anonymous in United States

I have been in my house going on 3 months now. What items besides day care and education can I claim on my 2007 taxes? Also do I have to show proof?

2007-12-06 13:26:37 · 9 answers · asked by Anonymous in United States

I need to renew my financial aid for school and I lost my paperwork for 06-07. The place where I got them done is closed. Where can I get a copy?????

2007-12-06 13:13:35 · 2 answers · asked by Nance_1010 3 in United States

Just recently, I found out that I qualified for advanced EIC. I filled out the form but my human resources person never processed it because she said that she didn't know what the form was. She just put the form in my file. That being said, the paperwork is just now being processed. I would like to know if I will receive the majority that I qualify for with my next paycheck or would I just get the monthly amount I would receive had I applied earlier. How much will I receive in advanced EIC with this being the end of the year?

2007-12-06 13:09:35 · 3 answers · asked by Tmeda 2 in United States

i am a soldier deploying at the end of the month (december). is it possible for me to file my income tax in advance rather than file them halfway across the world during tax season?. Do they have those kind of services for soldiers?

2007-12-06 12:37:45 · 5 answers · asked by Anonymous in United States

I used H&R Blocks software "Taxcut" to do my 2005 and 2006 taxes. I was wanting to know because they said you have to have your taxes done by H&R Block to get the $500 line of credit.

2007-12-06 12:34:10 · 3 answers · asked by Nova 2 in United States

well I'm 20 and last year i did my taxes for the first time. I guess i didn't do a good job and i forgot to print a double for me.So now my parents just got a letter in the mail. it says something about "we recieved a tax return from the dependent that you listed on your taxes who also claims to be dependent"(something like that) and theres a paper on there to fix it. so now my parents don't really know what to do and told me to fix it.

But i don't have a clue on how!

I don't know for sure if my taxes said for sure since i don't have a copy... and i didn't recieve a letter ..my parents did because both of ours cancels each others out!

well..um i hope i made any sense..i'm a bit freaked because this is all new to me. so i hope somebody can give me a hand!

2007-12-06 12:22:41 · 7 answers · asked by Daisy 2 in United States

2007-12-06 12:16:46 · 4 answers · asked by ted k 1 in United States

You know like if you work you get taxes taken out and then at the end of the year you get some of the money from the taxes back.. which taxes is it?

2007-12-06 11:45:43 · 5 answers · asked by Anonymous in United States

i recently bought a car and i have a loan with interest, can I deduct the interest of that car loan towards my 2008 taxes? thank you.. please accountants only

2007-12-06 11:42:56 · 6 answers · asked by Anonymous in United States

can i call them up and ask for a copy? Do they keep copies?

2007-12-06 11:11:20 · 7 answers · asked by justkiddingu 2 in United States

2007-12-06 10:30:01 · 1 answers · asked by Anonymous in Other - Taxes

...you pay Federal taxes?

2007-12-06 10:24:58 · 4 answers · asked by BowtiePasta 6 in United States

Do you pay estimated taxes quarterly?
Must you incorporate?

2007-12-06 10:23:25 · 5 answers · asked by BowtiePasta 6 in United States

I am between jobs an need money for Christmas. Last year I filed in Dec. at Jackson Hewitt but they said they are not doing that this year. I saw an ad for some place that was but can't remember who it was.

2007-12-06 10:22:49 · 4 answers · asked by Angelmom 1 in United States