Taxes - December 2007

ok he was claiming his son on his tax returns which was 12 years can she just up and stop him from claiming his own son even though they are separated but it is his child cant she getinto serious trouble about that ?

2007-12-06 09:50:08 · 5 answers · asked by ylvard 1 in United States

etc, during my stay in a hospital and nursing home?

2007-12-06 09:29:49 · 6 answers · asked by June and Mike C 1 in United States

if my federal income tax was 2900.How much would i get in return with 1 dependent.

2007-12-06 08:58:58 · 2 answers · asked by Jerome E 1 in United States

2007-12-06 08:49:45 · 5 answers · asked by monkeystoneart 2 in United States

Hi, are there any budget experts out there who may be able to help me out with the following?
I am in an absolutely desperate situation where I have been given the following question to answer and am at a loss at how to even begin to answer it..

'You have prepared a budget for the Medical Council's expenses for the year ending 31 Dec 08 as follows:

Venue costs £34,000
Employee costs £100,000
Doctors' expenses £20,000

You submit this budget to the Council, and the budget is agreed, with the exception of doctors' expenses, which are to be increased by 12.5%.

This budget is to be charged to the following PCT' in proportion to the number of doctors in each PCT area as follows:

Richmond - 78 doctors
Brixton - 102 doctors.

Produce a budget for submission to the Brixton PCT.

If anyone could help me out I would be eternally grateful. It seems extremely complicated and I'm not sure how to start. I'm sure I'm just being thick.

If you are able to help, thank you in advance.

2007-12-06 08:46:18 · 4 answers · asked by tashagirl 2 in United Kingdom

Can a taxpayer deduct C.O.B.R.A. payments under medical expenses if he/she itemizes their return? Tax professionals please reply. Thanks.

2007-12-06 08:40:18 · 6 answers · asked by angrycelt 3 in United States

2007-12-06 07:58:29 · 1 answers · asked by reefridesurfer 1 in Other - Taxes

I will be filing my taxes on my own this year. Is my premium of $470/month or $5,640/year able to be deducted. Do I get any credit for paying almost $6,000 in health insurance premiums this year?

2007-12-06 07:53:39 · 6 answers · asked by mas_appraisals 1 in United States

All the box says is "Exempt from backup witholding". I do NOT owe the IRS money. So do I check it or not?

2007-12-06 07:30:12 · 5 answers · asked by Anonymous in United States

I am going to liquidate a corporation prior to year-end, and would prefer to use 2007 tax forms. Does anyone have access to 2007 Form 1120, Form 4797, and Schedule D that could email them to me in PDF format or direct me to a site where I could download them?

2007-12-06 07:20:09 · 5 answers · asked by Michael B 1 in United States

im single parent of 1 son and i claim hoh

2007-12-06 07:20:04 · 5 answers · asked by pretty1 1 in Other - Taxes

My dad sold stock, given to me by a family member, when I was 14. He was placed in charge, per my relative’s wishes, and sold the stock, but he did not file the taxes on the capital gains. I’m now 20 and I got a phone call from the IRS saying that I am responsible for back taxes, he was acting as my guardian, since the sale was under my info.

2007-12-06 06:58:36 · 9 answers · asked by Anonymous in United States

2007-12-06 06:56:04 · 10 answers · asked by sean h 1 in United States

2007-12-06 06:52:19 · 9 answers · asked by Tina R 1 in United States

Can I refuse and sort this out through the inland revenue myself? My employer has given me a form to authorise the deduction of tax and NI through payroll, however I want to pay tax & ni once I have sold the shares and not before. Am I making a fuss over nothing or am I within my rights to refuse and sort it out myself?

2007-12-06 06:50:50 · 3 answers · asked by ndub76 1 in United Kingdom

If there's enough equidy in my house (would have to double check those numbers) could I sell it and use the money to get an engineering degree? Would I lose most of it in tax's?

2007-12-06 06:50:30 · 3 answers · asked by Anonymous in United States

i previously have gotten ananticipated loan from jackso hewitt they are not doin it anymore and i need the money for bills and chritmas any ideas

2007-12-06 06:37:26 · 6 answers · asked by Anonymous in United States

I live in Indiana (6% sales tax), and was in an ice cream store. I've frequented the store in the past year, enough to have six stamps on a coupon that said "Buy 6 Regular Cups, Receive the 7th Free." So I turned in my coupon to the woman, she rang it up, and I started to leave. She asked me to wait while she tried to figure out how to ring it up... and when all was said and done, she said I owed her $.30 in tax, on a $4 dish of ice cream I was supposed to receive for free. Not only was the tax she asked me to pay more than I would have paid if I had bought the ice cream dish myself, but sales tax should only be charged, to my knowledge, for any amount of money paid for a good.

I believe I'm correct in my assumptions, and that what the manager did was illegal (I gave her $.30). I want to write the company and inform them, but I don't know enough about tax law to be sure what I'm saying is infact, illegal. I need information to back up my belief--- can anyone help?

2007-12-06 06:33:42 · 10 answers · asked by Jena 2 in United States

for insta

nce, let's say you earn $100 before tax wages.

$7.65 gets taken out for FICA taxes

Ignoring exemptions and other deductions, do you pay income tax on the $100 or $92.35?

Thanks!

2007-12-06 06:22:54 · 8 answers · asked by Anonymous in United States

I want to buy a small quantity of cordyceps from HK to USA for personal use, is it legal and how much for taxes.

2007-12-06 06:22:30 · 1 answers · asked by Caendiice L 1 in United States

Will this offset for a 1,000 short term capital gain tax. Or does it mean I can only apply 3,000 of the loss to the gain. (all from stock sales)

2007-12-06 06:15:52 · 6 answers · asked by Anonymous in United States

For instance, let's say you earn before-tax wages of $100 as an employee.

You pay $7.65 FICA taxes.

Now, do you pay income taxes on the $100 or $92.35 ($100 - $7.65) ?

Please help!

Thanks!

2007-12-06 06:13:44 · 9 answers · asked by Anonymous in United States

2007-12-06 05:24:08 · 5 answers · asked by jon h 1 in United States

Been working for my company for almost 3 years, it offers a complimentary gym membership, no cost to the employee. Just found out today that They are now taxing this benefit, and its retroactive. Not sure if its to when I joined, or when this tax kicked in. I was NEVER notified that I would be taxed for the gym, now they are telling me that I owe 1400. This amount will be added to my net worth. This seems really wrong to me, being that my employer didnt tell me anything until now. Do I have any legal options, or what can I do with this? Is there something in writing saying the employer has an obligation to let employees know this? Appreciate any help..

2007-12-06 05:22:46 · 3 answers · asked by QandA 2 in United States

Can I write off all expenses for my photography business that I am trying to get started? When is it seen as a business and not as a hobby? Do I need to do anything special?
Thanks!

2007-12-06 05:21:52 · 5 answers · asked by robynd123 2 in United States

The land is owned by a family of 3 in the state of Nebraska. They are splitting the land 3 ways. If each of them got $90,000 how much would each of them have to pay for income tax on that 90 thousand dollar land sale? A fairly general number would be ok...I'm just trying to figure out if it would be more like 2 or 3 thousand dollars...or if it would be more like 10 or 15 thousand dollars. Thanks in advance.

2007-12-06 05:09:02 · 7 answers · asked by Anonymous in United States

a brand new condo "Like Kind Exchange" ....what is my cost basis if i sell the condo and what is the depreciation value for this years taxes. I closed in June of this year. no money traded hands as the value of the new condo was equal to the vacant lot.

2007-12-06 05:00:37 · 2 answers · asked by ckhhuff2438 1 in United States

for ex. I worked late last year for a company for a short while in Dec. '06; but I do not remember if I recieved that w-2 for that job. Is there a cut-off date, or everyday, and every different employer of that year worked will be for that upcoming tax season? or Do some days worked carry over for the next season? Please someone help.

2007-12-06 04:44:17 · 5 answers · asked by Raul C 1 in United States

I got my first paycheck this week and was shocked to see how much taxes I had to pay. Anyway, my employer didn't give me any form to fill, and I have a child to claim as a dependent. Can I get the money returned when filing taxes or would my net pay be higher if I would claim a dependent now?
Can you claim a dependent somebody who lives in the same household with you, but is not working and is not related to you?
Thanks.

2007-12-06 04:22:04 · 12 answers · asked by marmelada 1 in United States

I own rental property, not by choice, last year I had to replace the roof and the plumbing in the house. If it was not for the deductions there is no way I could have afforded this.

2007-12-06 03:52:23 · 6 answers · asked by me45404 3 in United States