Other - Taxes

I will be having a friend of the family coming to watch my daughter in my house for 150/week.
She is older and I dont think she will be claiming this on taxes, which means I cant claim it on taxes for a break.

Should I request that she claim it so I can get a tax break?? How do I go about this, Im new.

2007-08-20 07:03:01 · 2 answers · asked by MommyTwice-TwiceTheLove 4

I am an independent contractor and am contracting myself out through my own business. I have an accountant, but I am still not understanding how exactly business taxes work. For example, if I make $10,000 per month, how much exactly will taxes be (both state & federal)

In addition, what can I do so between paycheck & tax filing time to allow me to keep as much of my paycheck as possible (legally) So, lets say I make 10K, someway that I only pay 2K (or nothing!) in taxes.

Oh yeah, I'm in the state of maryland.

2007-08-20 06:47:42 · 6 answers · asked by Kylie 1

i just found out i can claim copays and prescriptions on my taxes right? so can i claim the cost of the doctors visit?

2007-08-20 06:26:13 · 4 answers · asked by sabercat700 2

just ask quaetion , i need more of Debit the asset account, Credit a revenue

2007-08-19 18:29:31 · 1 answers · asked by Meili Wong 2

It crazy.. Income tax, property tax, taxes on all your fuel and purchases... what percentages do average people pay ... do they get to spend any of there money

2007-08-19 16:31:50 · 9 answers · asked by Anonymous

I would like to find out your opinions on tax havens, if you think that the rich pay more to charities because they pay less taxes and if you think by investing money in charities it makes it ok for the rich to invest in tax havens and therefore save on taxes

2007-08-19 04:46:55 · 4 answers · asked by Anonymous

I just filed a W9 form and I want to know if when tax time comes around, if I have to file taxes or whatever you need to do. Do I just file this form and get my money and not worry about it again? Or do I have to do more things with the IRS once I file the W-9? I know what it is, I just don't know what happens.

2007-08-18 20:52:17 · 3 answers · asked by diesel_478 2

I have a Singapore Company and a BVI Company. The services that I carry out in Japan are taken up in BVI company. But Singapore company signs the contract with my Japanese customers as agent for my BVI company. Will there be tax payable on the income from Japan that is paid to my BVI company? I think this is offshore services so should be tax-free?

2007-08-18 08:38:26 · 2 answers · asked by Blurr 1

I'm a Locum Tenens employee working in California while maintaining my tax home in Arizona. I imagine I file non-resident CA income taxes, but do I also have to file AZ state taxes? Doesn't seem fair if I have to pay twice!

2007-08-18 07:30:48 · 4 answers · asked by synergism721 1

There's four of us, and we need to figure out how to get someone to do our taxes(and possibly books), and how much that costs. Can anyone shed some light on both issues? We're an LLC based in California.

2007-08-17 11:07:10 · 3 answers · asked by peter 1

2007-08-17 10:09:32 · 1 answers · asked by Alice 3

2007-08-17 08:00:09 · 2 answers · asked by hoser_1_usa 1

I am an over the road truck driver and have not filed taxes since 2003 and want to know what to do and if I am facing some problems ahead.

2007-08-16 23:01:38 · 4 answers · asked by cwatk01s 1

1) The 16th was not ratified
2) 26 U.S.C. § 1 does not ever mention tax on a person's labor.
3) The definition of Income from a 1040 booklet is Foreign source income.
http://www.irs.gov/pub/irs-pdf/i1040gi.pdf Look at page 22.

Also if you look at what to enter on line 7, it says wages, tips, salaries.... If a joint return enter your spouses INCOME.

Well my spouse has no income because they have not Foreign source income.

As for being part of the constitution, my freedom of religion is Christianity. Jesus asked peter from who do the kings of the land collect taxes from it's own sons or foreigners?. Peter replied "From foreigners".

Can't my freedom of religion keep me also from paying INCOME taxes.

And yes, I know, I know, they'll come and get me anyway and bring me to jail etc etc. That's called extortion BTW which is illegal.

2007-08-16 10:05:33 · 11 answers · asked by Anonymous

Please advice.

Thank you.

2007-08-16 08:54:00 · 2 answers · asked by E u g e 1

My estranged spouse claimed head of household for tax year 2006 and I claimed our child. She states that we will alternate this arrangement after the divorce, how does this work since it seems that you must claim the child in order to claim the head of household status?

2007-08-16 05:19:59 · 4 answers · asked by oythebumbler 1

I heard that investment interest are deductible against my income tax...is this true? I am planning to borrow a small amount of money from my family member to make investments into various blue chip stocks, and I will pay an interest of 5.75% per year to that person. Also, would I have to issue a 1099-INT for the family member I borrow the money from or would it not be necessary since I am borrowing the money on a individual level and not as a corporation/entity as part of ordinary course of business? Thank you for your help!!

2007-08-15 16:35:18 · 5 answers · asked by Anonymous

Is it really a tax haven for businesses who have bank accounts? Thought it only had good beaches...

2007-08-15 14:15:15 · 6 answers · asked by avery 1

If i register my business tommorrow but buy things tonight can i still get a tax break or should i wait til i am official (tommorrow)?

2007-08-15 12:28:43 · 4 answers · asked by Anonymous

2007-08-15 11:56:45 · 1 answers · asked by doc p 1

My friend worked for a bar owner who dodges taxes by not claiming the workers and in order to keep their job must not claim their wages.Curious to know what kind of trouble this can be for worker and owner.

2007-08-15 10:54:09 · 7 answers · asked by fosho221 1

Please read this completely before you answer.

How is this fair? They want to increase that Federal Excise tax on cigarettes by $1.00 per pack to pay for healthcare for all children. Why should only smokers pay for this? This implies that children of non-smokers get a freebie. If a smoker and non-smoker each have no kids, why should only the smoker pay for something that applies to everyone? Why not tax something most everyone uses - like milk, or pop, or bread, or shampoo?

2007-08-15 05:14:28 · 5 answers · asked by Jim C 5

2007-08-14 16:45:29 · 3 answers · asked by Maribel B 1

My house is paid for, no mortgage, and I'm looking to buy a car via a nome equity loan. Is this tax deductible?

2007-08-14 12:01:13 · 4 answers · asked by Kevin A 1

2007-08-14 11:32:26 · 4 answers · asked by Gucci 2

How can nearly all of the candidates for President (not to mention also most of those who are in Congress) possibly *not* realize that ALL of the complex problems associated with federal taxation would be eliminated FOREVER (and overnight!) by replacing the IRS with a National Sales Tax? It would be 100% fair to everyone, and the government would still glean just as much revenue. (And -- the people would have ALL of their income available to spend, as they chose. Which would make them wonderfully happy and content.) It's THAT easy!

2007-08-14 10:49:29 · 12 answers · asked by Anonymous

2007-08-14 09:32:20 · 5 answers · asked by stn4lyjh 2

I havent filed my income taxes yet. I was wondering if I could hold off and file next year (2006 &2007 done at the same time) or do I lose money (due to me) the longer I wait.

Please advise.

2007-08-14 05:24:45 · 3 answers · asked by ★Banäna . Nightmärẹ★™ 7

Stats:
Single
no major corrections just the refund was corrected.

2007-08-14 03:11:42 · 4 answers · asked by Anonymous

2007-08-14 02:42:08 · 2 answers · asked by rusyl c 1