United States - August 2006

1. Do we get some kind of a child credit now? If so, how much?

2. We did not change our exemptions, how much extra would 1 extra deduction translate into our refund?

3. I think I read somewhere that we can deduct the amount we spend on daycare. Is this true?

Anything else we should be aware of?

2006-08-30 01:21:05 · 8 answers · asked by Justin C 1

Is it:
11K PER YEAR,
12K PER YEAR,
11K IN A LIFETIME or
12K IN A LIFETIME.

2006-08-30 01:19:26 · 3 answers · asked by Anonymous

2006-08-30 00:25:01 · 5 answers · asked by melody1876 1

2006-08-29 16:13:43 · 9 answers · asked by gebeee 1

2006-08-29 15:28:17 · 5 answers · asked by Ben 1

Printable Copy

2006-08-29 13:25:57 · 6 answers · asked by Anonymous

Considering that I would recieve a refund, would it be possible to add them to next years tax returns if I wasn't able to get it done for any reason?

2006-08-29 12:47:12 · 4 answers · asked by Anonymous

2006-08-29 11:33:49 · 3 answers · asked by sethkevin 1

Lets say I am running a business. I have a client who I will provide a service for five years. What is better, to receive one bill for the five years of service for $1,000,000 or to receive a $200,000 annually for the duration of five years (under a contract)?

2006-08-29 10:55:09 · 7 answers · asked by yoepus 2

I drive 120 miles to work and back a day, averaging about ~$250-300 in gas a month. Is there somewhere on the tax return form or some provision where I can write this off?

2006-08-29 09:29:48 · 11 answers · asked by chahsiubow 1

2006-08-29 08:22:45 · 4 answers · asked by kris 2

Basically, I need my full gross income for the next few months to handle some large expenses. I want to defer paying income taxes from my paycheck until a later date. I am currently W-2'ed and am paid based on commission. Do I need to change the filing status with payroll? With the IRS? Please advise, thanks!

2006-08-29 08:13:21 · 9 answers · asked by patrick_c_a 1

My husband a trucker and considerd and independent contractor. They do NOT take taxes and the like out of his paychecks. How do we go about paying the tax? We were told we needed to file paperwork every 3 months and that we should be holding x amount back, but what paperwork we need to file and how much to hold back is a mystery. Do we have to have an accountant or can we just do this ourselves? ANY information would be helpful. Thanks!

2006-08-29 07:10:12 · 7 answers · asked by JL's Mom 3

Trying to find the owners/managers of a business in Raleigh, NC. I have first names, but need last names and contact information, if at all possible.

2006-08-29 06:15:26 · 5 answers · asked by croehrl 1

As far as I know if you make only so much like for example 3,000 a year you don't have to pay taxes. So what is the top limit when you have to start paying?

2006-08-29 06:07:39 · 6 answers · asked by D.J. 5

2006-08-29 04:50:08 · 4 answers · asked by josephtes 1

If I get student loans in the amount of 34900.00, and put into a checking account (private student loan) is this income that I have to report?

2006-08-29 04:46:02 · 10 answers · asked by noggle4 2

2006-08-29 04:22:54 · 11 answers · asked by Big Ed 1

2006-08-29 04:03:23 · 5 answers · asked by Jax 1

2006-08-29 02:38:09 · 3 answers · asked by breal72 1

I live in San Francisco and pay California's (in my opinion) outrageous 9.3% tax rate. In looking around I notice that Oregon has a 9% top rate while Nevada and Washington have no income tax. I know that Oregon has no sales tax, so that sort of explains things there. But can someone explain for me the basics of why California appears to be so much more expensive than Nevada and Washington? Is there some way as a California resident I can take advantage of something to avoid paying what appears to be thousands of dollars more than I would pay if I moved to Seattle? Alternately, is there some tax that they pay in Washington that I'm not considering? Finally, is it just that the California government is stupid and inefficient, or are they lacking sources of taxes that Washington state gets?

2006-08-28 22:03:07 · 7 answers · asked by deanvesuvio 2

If the rich get poor then who will lead us? We need to give them all the money, don't you think?

2006-08-28 20:41:36 · 6 answers · asked by blinky doodles 4

I am an ILO (independent loan officer) Basically I run my own business under a companies license and name, but i recieve a w-2 at the end of the year for taxes. Being that I am independent i pay for all advertising, business expenses, mileage to meet with customers and so forth, just like a regular business. I have heard that you can not right off expenses though because i am a w-2 employee like you can if you acutually opperate under your own business lic, name, and tax number. What should I be prepaired for in April 07!

2006-08-28 19:13:27 · 3 answers · asked by Anonymous

the cell phone bill is outrageous because someone in my household is a cable bill collector.

2006-08-28 16:06:34 · 9 answers · asked by KelBean 4

2006-08-28 12:41:17 · 4 answers · asked by kysonubi 1

2006-08-28 11:54:18 · 4 answers · asked by anthony j 1

I hate the Georgia department of Revenue. The people they have working there are not the brightest crayons in the box. I paid a balance owed from 2003 in full in February of this year. My husband had made a mistake in our taxes in 2003 and didn't we didn't catch it until we had them professionally done in 2005. Well, we paid the balance in full in February of 2006 and we paid it online through the Georgia Department of Revenue website. We got a certified letter in the mail Thursday and my husband picked it up from the post office Friday. Would you believe that the Georgia Department of Revenue send us a letter saying that they are going to garnish my husband wages if we don't pay??? We have been on the phone all day with the Georgia Department of Revenue and to no avail. Every time we got someone on the line, they transferred us to some other robot who didn't know his head from a hole in the ground. We don't know what else to do but to keep calling. They close at 4:30 daily

2006-08-28 10:52:24 · 3 answers · asked by ♥ Tori ♥ 5

Tax Season-I need ideas

2006-08-28 10:51:07 · 7 answers · asked by lsugrl82 1

I have two IRA accounts. Both tradational. Can i move my money from one to other without penalties? Do I have to open a new rollover IRA account? If not, then what is a roll over IRA?

2006-08-28 09:40:58 · 2 answers · asked by shigatoxin 2

my pay went from 10/hr to 12/hr. we get paid semi monthly...each check is for 86.67 hrs. i live in wisconsin and i claim 6 on my w4 (i could have claimed 12 according to the worksheet)
i am trying to figure out the percentage they will take out for taxes

2006-08-28 09:28:53 · 10 answers · asked by Anonymous