Taxes - December 2007

What are the benefits of filing joint? Thanks.

2007-12-06 03:37:11 · 10 answers · asked by Cesaria Barbarossa 7 in United States

Hi!
I would like to sell some of my stock.
But if I do, the tax I own, would be more than $1000, so I would have to pay tax penalty.
Now is december but I didn't do any estimated tax, because I didn't know I want to sell the stock.
Q1: What to do now?
Q2: What to do, if I want to sell some of my stock July?
I have to pay the estimated tax for the last two period?

P.S.: I don't want to pay penalty tax!

Thank you!

2007-12-06 03:13:43 · 4 answers · asked by konok1973 1 in United States

How come u cant get dependent care credit and earned income credit. Also will if affect what i can get for my qualifying child also???

2007-12-06 02:35:56 · 4 answers · asked by Bria W 1 in United States

2007-12-06 02:19:53 · 5 answers · asked by Bria W 1 in United States

I recently received my tax preparation certification and I was wondering is there any software in particular that would be a good ideal to do other's taxes. In the past for friends and family, I used the software on the net. Just wondering if there is any recommendations for tax professionals.

Thanks for your time!

2007-12-06 02:15:06 · 8 answers · asked by Gamergrl 1 in United States

With the housing slump, our properties lose a lot of equity money, its around any legal way to decrease the amount of your property taxes? on another words, do you have to pay the same property taxes amount, even if you property lost 20% of its original value? I live on California.

2007-12-06 02:14:54 · 10 answers · asked by FALLEN ANGEL 1 in United States

I will inherit my mothers house after she dies. What are my concerns regarding inheritance taxes in NY?

2007-12-06 01:50:59 · 4 answers · asked by Anonymous in United States

Total hours are: 361818.69
Overtime hours are: 36299.97
I need to work out what the percentage is for overtime
Please help!

2007-12-06 01:25:18 · 4 answers · asked by Anonymous in United Kingdom

2007-12-06 01:22:32 · 4 answers · asked by Bria W 1 in United States

2007-12-06 01:09:27 · 7 answers · asked by Bria W 1 in United States

For people who have left school and dont intend to go on to further education or work? Do you think it will instil diciplin and perhaps improve society?

2007-12-06 00:11:16 · 33 answers · asked by Anonymous in United Kingdom

I am reading a contract and it says "notwithstanding anything contrary in this Schedule General Motors shall reimburse Contractor for the actual costs incurred in obtaining visas"

2007-12-05 22:42:30 · 5 answers · asked by Alpha Bravo Charlie 2 in United States

I am self-employed and it looks like I will end up making around $8,000 by the end of the year. I added up my expenses and that was around $6,000. Since my office is around 20% of my home I took 20% of the $6,000 which is $1200. Using the tax estimator on HR Block it said I would owe around $1,000 without putting any expenses into it, with the expenses added it still says I would owe around $937. How can this be correct when I have $1,200 in expenses? Please help.

Thanks!

2007-12-05 21:36:22 · 2 answers · asked by Sniggly_Snew 2 in United States

Also, would you all approve of this? If you don't approve, then why not?

Here is the link to the information that I typed up:
http://www.geocities.com/committed_and_sane/New_Taxation_System.doc

2007-12-05 21:03:23 · 4 answers · asked by Anonymous in United States

2007-12-05 20:53:08 · 4 answers · asked by johannesroelybay 1 in United States

I need to provide the past 10 years of work history but cant rem some of the places. Is there like a tax thing or can the irs help?

2007-12-05 19:23:44 · 6 answers · asked by Anonymous in United States

What percentage of a person's salary can be withheld for back taxes?

2007-12-05 19:00:28 · 4 answers · asked by kenny_scarface 4 in United States

2) Same as question #1, but this time it's in NEVADA.
3) Same as question #1, but this time it's in ALASKA.
4) Same as question #1, but this time it's in ARIZONA.
5) Same as question #1, but this time it's in NEW YORK.

6) Lets say a person earns $70,000 a year, how much would he get after taxes in CALIFORNIA?

7) What state allows you to have the most money from your salary after taxes?

2007-12-05 18:46:33 · 2 answers · asked by Live Life 1 in United States

Please Be Serious when answering..
this is important to me...
thank you

Ok lets say you win the lottery 26 million dollars Cash NOT annuity..
What is the process after that.

1. Should I go to the lottery agency alone, or with a lawyer?

2. How much does the lawyer take in for coming with me?

3. Can i Collect the money without being all over the press?

4. How long does it take for the check to arrive to me?

5. When going to the bank can I just show up and deposit a 12million dollar check??

6. This is the most important question of all? Since I wont tell anyone about my winnings, BUT how do you tell your parents and sister? Or should I just NOT tell them, and help them little by little??? I know is tuff not telling them, But I will be afraid they could be in danger because they might tell someone and someone could hurt them or something???

I will also take more ADVICE if you have some...
Thank you so much

Happy Holidays to all of you...

2007-12-05 18:35:07 · 4 answers · asked by mike p 1 in United States

I am 16

2007-12-05 17:15:55 · 3 answers · asked by 1222222222222222 1 in United States

I only worked 4 months this year and had a baby sept 25th, can I still file the baby? Can I file taxes if I only worked 4 months? If so, can I file my two kids and get the earned income tax credit for kids?

2007-12-05 17:15:10 · 3 answers · asked by SweetPea1013 1 in United States

For example, if the prop. tax for one year is $17,000.00(U.S.), what does that tell you about the value of the home?

2007-12-05 17:13:51 · 6 answers · asked by Angie 2 in United States

2007-12-05 16:50:32 · 11 answers · asked by 4mySister 1 in United States

Hello I am trying to do a fundraser For a New Group that Is called 300 Which means that we all together have to do 300 things for some kind of community service
The Thing is that We want to do a fund raser for our team to buy T shirts to all of us and We Wanted to sell krispy cream donuts But they ask u for some kind Of non-profit Tax id Number Which wwe have not
And I cant get one because I am not A legal resident on this country
Which sucks but I'd like you to help me and Please lend me borrow your number only for this once So we can Buy our t shirts
I Appreciate And thank you very much
And God bless you all
By the way I am Ilegal only because I came to this country when i was months old but for me this has always been my country and always be.
You can Email It to me or if you have any questions Contact me at nosetonto@yahoo.com.mx
Thank you Again

2007-12-05 16:39:49 · 2 answers · asked by EG 1 in United States

I know I have been asking a lot of questions toniht but I have a final tomorrow in a class that doesnt really have a book. We have a section of the test that has a place for us to say if an entry made financial statements go up, down or Now effect. For ex. if the Net income, Assets, Liab., and SH eq. I know what to do for a lot of them but I still have some questions about a few. For ex. Depreciation and Depletion ( not really sure what they effect), Amortization exp. Goodwill, depsopit refunable and cost.
I know that expenes lower net income and sh eq. but is that for every expenes?

2007-12-05 16:12:39 · 2 answers · asked by Kelly 2 in United States

My father is 62 and is now living abroad in Europe. He has been without income for the past 2 years, and he has not done his taxes every year because of that (he has, however, written letters to the IRS notifying them of his situation).

He has paid his taxes faithfully for as long as he worked in the US for the past 40 years or so. Would his 2 years of "tax gap" hinder his social security checks?

2007-12-05 16:01:33 · 2 answers · asked by Allee K 3 in United States

How do I get copies of my completed 2006 tax return paperwork...I can't find it anywhere!!! Help!

2007-12-05 15:55:14 · 3 answers · asked by LolaCorolla 7 in United States

I am seperated, what do i do for my taxes? What forms do i fill out and I have a daughter to claim as well? Also what do I have to show It has all been cash?

2007-12-05 15:25:05 · 7 answers · asked by Will and Priscilla F 1 in United Kingdom

2007-12-05 14:28:06 · 4 answers · asked by flx_guerrero 1 in United States

Does anyone know the implications of the tax break if you have two jobs. One job would qualify as self employed lets say I made 100,000 on the self employed job and 90,000 for the second job. If I use the vehicle to travel to my second job does this reduce my tax credit? Also I wanted to buy the Range Rover Sport, they claim I can get a tax break of 35,600 dollars in the first year. Does this mean my taxable income for my self employment is reduced to 64,400? I plan on buying the suv in early 2008.

2007-12-05 14:25:17 · 3 answers · asked by Glenn M 2 in United States