United States - July 2006

I need a short defenition of each one of this

Adjusted Gross Income
Credits
Dependent
Exemption
Federal Income Tax Withheld
Medicare Tax Withheld
Social Security Tax Withheld
Social Security Wages
State or local Income tax withheld
tax liability
and taxable income??...

Please, anyone...

2006-07-13 17:24:41 · 6 answers · asked by Lizzeth 3

I am making payments on my home but am short for taxes and need to come up with $2,000.00. MY job dont pay real well but so far have managed to make my payments. I do not want to lose my home because of the taxes

2006-07-13 13:22:20 · 6 answers · asked by Anonymous

In 2005, I made little, and paid little taxes. I didn't "expect to pay $1000 or more" on my 2006 tax return. This year I've made much more, but is it too late to begin quarterly payments? If I pay some taxes now, will they penalize me for not paying earlier? Don't I need to just pay at least as much as last year to avoid penalties? And can I do this with withholdings from checks I expect to receive? What about the self-employment taxes? Clearly I "expect to pay" more than $1,000...

2006-07-13 12:39:06 · 7 answers · asked by chrystalgypsey 2

If a corporation who owes money to the IRS does business with a foreign company, can the IRS legally attach that revenue as levied assets?

2006-07-13 10:34:58 · 3 answers · asked by needtoknow 1

I need the aid of an accountant or business lawyer for my question please. One who is knowledgable in Florida State law would be helpful. Thank you.

2006-07-13 09:46:38 · 5 answers · asked by tracy_33161 1

I am moving out of the country for good. But I am still keeping my 1 account open. Would I need to file US taxes when the 1099INT form comes even if the interest amount is let's say $200 per annum (and this being the only income in the financial year)?
Or can I simply ignore the form?

2006-07-13 09:25:58 · 10 answers · asked by yahooquestion 1

I'm thinking of buying offshore property that I plan to rent out most months of the year. The builder is also offering mortgage loans. I was wondering if the interest from this loan is tax deductible as well when I file my US income tax return even though the property is offshore and the mortgage is foreign as well?

2006-07-13 07:46:58 · 3 answers · asked by carlos 2

2006-07-13 07:03:22 · 2 answers · asked by luda 1

2006-07-13 06:53:17 · 3 answers · asked by juliusla34 1

What is gas, insurance, depreciation, etc that reaches $.445? I want to see how much is charged to what category.

2006-07-13 03:03:31 · 4 answers · asked by sbrman_2004 2

I make pretty good money, but you wouldn't know it by my paycheck. I get 1/3 taken out of my check for taxes and health care expenses. What can I do, besides buying a house because I can't afford it yet with 1/3 of my paycheck being taken out, to have less taxes taken out? I am a single woman with no kids and own no property. Help me please.....

2006-07-13 02:26:40 · 13 answers · asked by spclo23 2

2006-07-12 17:25:22 · 3 answers · asked by Scott C 1

2006-07-12 16:05:06 · 5 answers · asked by Anonymous

2006-07-12 14:58:49 · 4 answers · asked by brownie 1

when filing a W-2 form, in order to recieve more money on your check, should you claim more or less dependents?

2006-07-12 14:53:36 · 9 answers · asked by ghostguff 2

2006-07-12 13:18:19 · 3 answers · asked by esquivelq 1

I need to know how far back you can pay taxes. I have an aunt that is older and she states she forgot to pay her taxes...she is now trying to oficially retire and she was told she has not paid any taxes for the past 10 years (she was paid in cash) and that she would have to work the 10 years to get SS and medicare benefits.

Can't she just pay the taxes for those 10 years?

Additional Details

1 minute ago
Update: Let's say she never made the minimal amount to file and now needs to recieve ss benefits because she is over 65, how can she swing that? Or as my original question said, how far back can you pay with no problems?

2006-07-12 12:13:59 · 13 answers · asked by Mick R 2

I need to know how far back you can pay taxes. I have an aunt that is older and she states she forgot to pay her taxes...she is now trying to oficially retire and she was told she has not paid any taxes for the past 10 years (she was paid in cash) and that she would have to work the 10 years to get SS and medicare benefits.

Can't she just pay the taxes for those 10 years?

2006-07-12 12:00:52 · 9 answers · asked by Mick R 2

I have tried searching on-line but I find nothing. I have gone to the IRS website but I find myself lost in there.

2006-07-12 11:42:23 · 3 answers · asked by misuran 4

2006-07-12 11:26:36 · 3 answers · asked by Flashbark 2

2006-07-12 10:24:51 · 4 answers · asked by Armadillo 1

Could someone explain or point out a website that explains how this tax works in plain english. I'd like the main concepts to be explained first so that I will have an easier time understanding all the details.

The way I understand it, transfers to people younger than you are subject to the tax, even if they are not related. You are given an exemption amount, after which you are taxed the same as the estate tax. Taxable distributions and terminations are tax inclusive, and direct skips are tax exclusive. Inclusive means the tax is actually taken out of the gift itself, so the person getting the gift gets substantially less.

I also know there are a lot of details dealing with trusts, but I don't really understand them. I'm taking an online CFP class and I'm finding it difficult to read through this section and understand it.

2006-07-12 09:24:20 · 2 answers · asked by Tommy 2

I'm under 18 and only work at this company for 2 months out of the year, because i'm still in school. I get payed at the end of every week and the checks are constantly around 300. I am single and don't have any kids(well i hope i don't) neways, I was taxed about 60 dollars off the last check, when last year i was only taxed about 20. Is it normal for me to loose 30 bucks to federal income taxes? that doesn't seem right.

2006-07-12 04:44:59 · 9 answers · asked by tallballa07 3

2006-07-12 04:44:56 · 7 answers · asked by ando ciompa 3

does that partner wait until 2006 to file what was earned in 2006 before april 15

2006-07-12 04:23:47 · 1 answers · asked by Fred Y 1

For example, you have $1000 gross paycheck - you withold 3% for regular 401k, and 3% for roth 401k to be deducted. Say for example taxes are $250. So, for the regular 401k the employer would withhold $30 ...so after taxes and regualr 401k, the net woudl be $720. Does the Roth 401k calculate based off of the $720, or $750, or $1000?

2006-07-12 02:54:27 · 3 answers · asked by t c 1

My biz is about to receive its first bit of revenue after two years... The money will arrive in the form of a check for approx. $14,000. Do I absolutely have to report this when I deposit the funds...because it's more then 10 G?

2006-07-12 01:45:42 · 7 answers · asked by amplioprado 1

2006-07-12 00:44:59 · 4 answers · asked by Anonymous

I am going to be working as a nanny - any tips/hints on where to start?

2006-07-11 19:04:01 · 4 answers · asked by brownfamilyfw 2

2006-07-11 18:10:25 · 3 answers · asked by princess_cde_17 1