Taxes - December 2007

If you buy a car do you get a tax break at the end of the year, and how much if so? I bought a car around $21,000 and make about $24,000 a year, will I get a big break?

2007-12-20 06:52:23 · 9 answers · asked by sandeesbro 1 in United States

2007-12-20 06:27:34 · 9 answers · asked by Reba B 1 in United States

I worked in Toronto for 3-4 months this fall. Can anyone give me advice about how to file or what forms I need to fill out?

2007-12-20 06:17:08 · 2 answers · asked by erin m 1 in United States

I live in a duplex and rent out the other half. I know if I was renting out, for example, a single family home I could deduct my insurance payments.

Is any portion of my insurance payment deductable on the duplex? It is a single payment paid by escrow.

2007-12-20 05:07:50 · 3 answers · asked by Anonymous in United States

I am working part time for a small business contract work. How much can I earn and not pay taxes? I know there is a $400 rule is that just for SS?

2007-12-20 04:47:34 · 4 answers · asked by toddrws 1 in United States

2007-12-20 04:42:25 · 4 answers · asked by Stephanie J 2 in United States

My husband just started his own buisness the begining of this year...would buying a used dump truck for the buisness, hurt or help come tax time??

2007-12-20 04:31:37 · 3 answers · asked by Renee' 2 in United States

My mother on disibility she pay her decription insurrance and co-pay and suport 4 kids.Can She file Tax?Thanks.

2007-12-20 04:15:40 · 2 answers · asked by Anonymous in United States

I just want to go online and get a guesstimate of how much of a refund will be this year? I only worked a portion of the year this year, so I don't know if that will put me in a lower tax bracket and I will get more back or I will get less back because I paid in less?

I grossed $60,945 and I paid $10,428 in federal taxes. I am single, no deductions. I would just use a 1040 form. Thanks

2007-12-20 04:08:22 · 4 answers · asked by becki_normalgirl 2 in United States

I turned 18 on June 5th, 2007.

Can I claim a dependent that lives with me that has no income and file head of household?

2007-12-20 03:37:10 · 5 answers · asked by CraziiGAPeach 1 in United States

I have a college student who comes in once a week for 3-4hours I give her a check for $40- once a week. I do not pay any social security or other taxes on her. She cleans my house I work outside of home but also work at home one day a week when she comes in to clean it.
I was wondering if this was a deduction on my taxes if I itemize them?

2007-12-20 03:33:02 · 7 answers · asked by Elizabeth M 2 in United States

I have a small incorporated non for profit who grosses about 130,000 a year and donated about 1,000 to a local church. There is only one director, should I show this as his personal donation or is there somewhere on the tax return to show this donation?? Or should I show it as a regular deductions??

2007-12-20 03:25:23 · 1 answers · asked by Chris 3 in United States

2007-12-20 03:12:22 · 1 answers · asked by Anonymous in United States

My ex husband and i have 2 children. they live with me 100% for the entire year. He has contributed 116 per week in child support since May.
He says to me the other day that he is claiming them on his taxes this year, I told him he is not.
Don't I have to sign a form 8332 release in order for him to claim them since I am the custodial parent?
What happens if he tries to claim them before I do?

2007-12-20 02:57:16 · 8 answers · asked by Kat 4 in United States

Seriously, would it be so hard for them to add muzak on hold to their phone system?

2007-12-20 02:56:21 · 6 answers · asked by fmmiraclegal 1 in United States

2007-12-20 02:25:34 · 6 answers · asked by patrikios2 1 in United States

2007-12-20 01:39:53 · 2 answers · asked by templeman32 1 in United States

2007-12-20 01:20:30 · 7 answers · asked by Anonymous in United States

2007-12-20 01:20:06 · 1 answers · asked by madhts49er 1 in United States

;[

AND how much on average do people get...as bonuses...[smallish central london law firm]

2007-12-20 01:11:56 · 25 answers · asked by Anonymous in United Kingdom

does the IRS afterwards determine which sales were wash sales and which were not?

I'm confused since the schedule doesn't have any place for indicating which are wash sales>

Thanks in advance.

2007-12-19 23:50:10 · 4 answers · asked by GYJ-Dude 1 in United States

I need to rent a car for work. I will be using it to make delivers while my car is in the shop. Would this count as a tax write off. Thank you.

2007-12-19 23:11:08 · 6 answers · asked by flyizzzle 2 in Other - Taxes

i need to apply for another pan card.

2007-12-19 22:50:50 · 4 answers · asked by vrdhrjn 1 in India

I know absoloutly nothing. I was never taught anything about taxes by my parents. Now I'm on my own, living with my husband, a military man, and I'm applying to a community college in my area. I don't know what a W-4 form is or any other letter/number acronyms. I've had a few jobs and when I've been asked to fill out a W-2 form (i think) I always told my boss that I'd bring it back the next day and never did. Where can I learn about taxes, what they are, how I file them, etc. I want to be financially secure and I'm starting a job soon. I want to make sure that my paperwork is always organized and so on. PLEASE HELP ME!

2007-12-19 19:59:30 · 9 answers · asked by Yaritza C 2 in United States

I am only going to be married 21 days at the end of the tax year and im not really sure how i am supposed to file. He did not have any income this year due to an injury and will not be filing a tax return. It was told to me that because we will not have been married for 6 months of my income earning year that i can file Head of Household. Is this true and can i claim his daughter who he has full custody of because i have been supporting her during this year.

2007-12-19 18:26:36 · 5 answers · asked by Kali 1 in United States

2007-12-19 17:49:20 · 4 answers · asked by eric j 2 in United States

how much is the average annual income of a urologist that studied in university for 12 years?!

2007-12-19 17:41:01 · 2 answers · asked by Anonymous in United States

I made maybe like 5,000 this yr and had a $3500 student loan.

2007-12-19 17:37:27 · 10 answers · asked by eric j 2 in United States

I'm a single 23 year old female with no dependents (unless there's a way to get creative). I make barely over $29,000 a year before taxes. Between state (CA), federal, and social security, I'm getting hit with about $500 in taxes per paycheck. It's insane! I pay about $289 to the fed, $60 to the state, and almost $150 in soc sec. That turns a $2447 monthly check into $1797 (the extra is benefits and such). I haven't claimed any allowances of any kind, as I just can't think of any that apply to me. I've got no assets and a whole bunch of credit card debt I could be paying off with that money.

Anyone got any ideas?

2007-12-19 16:56:18 · 5 answers · asked by thissounddefense 1 in United States

2007-12-19 15:55:13 · 8 answers · asked by solemhypnotic 2 in United States