United States - September 2006

Can I give out tax credit slips to those that donate to my shop so that they can write it off on their taxes? And how would that affect the taxes I have to pay on the business?

2006-09-29 03:26:56 · 4 answers · asked by Cocoabutta98 4

2006-09-29 03:14:45 · 7 answers · asked by Anonymous

2006-09-29 01:24:13 · 3 answers · asked by Anonymous

I work freelance as a photographer. Every week I send an invoice to the company I've been working for over a year. They pay me with no taxes taken out. When it becomes tax time, I'm gonna owe big time. Any ideas how to lower the taxable income?

2006-09-28 18:18:18 · 5 answers · asked by wonderaaron 1

If you are 59&1/2 is the money considered income. I know that there are no penalties or intrest on the withdrawl, but what about taxes at the end of the year. Is there a limit that can be taken out or can you take out as much as you need.

2006-09-28 15:52:19 · 6 answers · asked by KieKie 5

2006-09-28 15:14:45 · 4 answers · asked by vegasnites77 2

Enter the tax year for which you are making this request.
what year should i put, its a 2004 tax return but of course i filled at 2005.

2006-09-28 15:12:30 · 2 answers · asked by tinytots 1

I'm having a problem and can only find two of my w2's that equal $12,500 for 2005 yet my tax return says I made $14,500 and now I am disqualified for financial aid at my school! Help!

2006-09-28 14:26:50 · 5 answers · asked by Anonymous

If I close (cash out) my IRA account early and if the total amount of my IRA (and the interest) plus my other total income is under the standard deduction, would I still owe money?

2006-09-28 11:34:20 · 5 answers · asked by Brenda P 1

I was left $500,000 in a WILL,how much in taxes will I have to pay on that?

2006-09-28 10:37:07 · 4 answers · asked by spoiledsarah25 3

i am working full time and paying taxes on my pay checks every year (company that i work for).

This year i started to work as a free-lancer as well. i make websites and get checks from my clients. I heard if my free-lance work is less then 10,000 then i dont have to pay any tax, is that true?

i pay alot of tax from my full time job and my free-lance work this years is around $15000, so should i file for this $15000, or should i let it go (as i am paying tax from my full time job already), is it extremely important to pay my tax on this amount? can i get in big trouble?

BTW i am in NY, USA.

Thanks

2006-09-28 10:30:43 · 6 answers · asked by Adil K 2

this lien shows up on only one of the three reporting agency. they want a relase before removing it. I have called the county that I live in; the state of minnesota; and the irs. nobody has a recored of it. help.

2006-09-28 10:23:17 · 3 answers · asked by steve a 1

2006-09-28 09:36:14 · 2 answers · asked by LBG 1

From personal experience, I know that the interest on an RV loan is often tax-deductible like a mortgage loan, as the RV is construed as a second home. I also know that if one were to cash out some investments to purchase other investments, one would not have to pay taxes on the proceeds.

So, my question is, since a second home could be considered an investment, if one were to cash out investments to purchase an RV, would the proceeds be non tax-deductible?

2006-09-28 08:55:11 · 6 answers · asked by skydivemommy 3

2006-09-28 08:30:43 · 3 answers · asked by lkraus80 1

2006-09-28 08:18:34 · 14 answers · asked by dbrifles3 1

In 2004 I filed my return but forgot to file for an annuity payment that I had received, The IRS contacted me an I was told that I would have to start a payment plan and I did that. Then in 2005, I found out that I could amend the return that I forgot to file in 2004 and I did and now they keep saying that I still owe them, I thought that I had at least 3 years to file that return and why do I still owe them? Is it because I agreed to the payment plan? If so I feel like they tricked me into it because at the time I did not know that I had other options
it was not brought to my attention that I could still even file this return the next year, all they kept telling me was i needed the payment plan. I feel like they held back information and I want to do something about it.

2006-09-28 07:39:30 · 11 answers · asked by mommyj2u 2

How do I depreciate a work van (normal van size) that was purchased April 06?
Cost was $17,000. In your answer, is this for the year or monthly. Using Quickbooks. .

2006-09-28 07:22:51 · 4 answers · asked by hirebookkeeper 6

we starting a student run buisness do we have to pay taxes on products and profit

2006-09-28 06:54:30 · 7 answers · asked by mrpepsimon 1

My husband inherited a sizeable amount of money when his aunt died. Can anyone tell me how to handle this come tax time? How much will the federal government and the state of Illinois take? We need to know what to set aside.

2006-09-28 06:35:52 · 5 answers · asked by Carol G 2

My name is Leslie Davenport and I was disabled in simi roll over on 06-16-05

2006-09-28 05:22:17 · 6 answers · asked by helen d 1

2006-09-28 05:01:58 · 3 answers · asked by jane s 1

My employer wrongfully accused me of stealing money from the drawer. And she told my new empolyer that i was fired for stealing from the business. Since this is mest up i want to get back at her. I was being paid under the table, and i am aware this is illegal, but not my choice i needed work. I just want to get her into trouble with some feds or somthing. What can i do?.. Thanks

2006-09-28 04:36:24 · 11 answers · asked by jaredmarkee 1

2 part question

1) I got married 4 months ago, i changed my w-4 form to married and only claiming 1 for my spouse federal and 0 for state. They are still taxing me alot around 26%. I thought married people get taxed less? Or do you get more returned.

2) Also on taxes do you get more return the more you make example if i made 20k last year claimin 0 state and federal, would I take home now if i were making 30k this year claiming 0 federal and state?

2006-09-28 03:31:46 · 3 answers · asked by Charlie M 1

would send you a violation notice without reviewing the facts surrounding the issue as opposed to this "automated response" to the abuse report?
Do you think that Yahoo! Answers team personel have a responsibility, similar to a judge and jury, to review all pertintent data before passing sentence and fining you (deducting your points)? If you read the way the asker worded this question the way I read it then do you think my response was harrassing to other participants and if so then wouldn't it be fair that as an aswerer I might feel harrassed by the askers lack of basic language skills?

http://answers.yahoo.com/question/index;_ylt=Ag.An6aHtZEGAt41eBwq7W_sy6IX?qid=20060927185417AAyJVvZ

Yahoo!Answers team violation notice response:

2006-09-27 23:16:35 · 6 answers · asked by fun_guy_otown 6

2006-09-27 23:15:56 · 8 answers · asked by Andrei 2

2006-09-27 17:52:23 · 4 answers · asked by lou 1

My soon to be ex wife filed her taxes married filing seperately and now I am stuck with the entire bill. I know longer work in the same Industry and am going bankrupt due to the divorce. My income is now reduced to below $30,000.00 and I pay out $700.00 a month for one child. Has anyone had any luck dealing with the IRS? My Tax accountant was speechless and said he was going to use me as an Example to his other and prospective clients. HELP

2006-09-27 17:12:41 · 8 answers · asked by Anonymous

2006-09-27 15:16:39 · 2 answers · asked by Entrepreneur1 1

My mother sold me a piece of property in FL last November for $1.00. She bought the property back in the mid 70's for about $7K and at last assessment the property could be sold for about $55K. I want to sell it in November (a year after she "sold" it to me). I am a school teacher in CA. I have no idea how to figure capital gains on something like this and was wondering if anyone could help me, or point me in a direction for help. Anyone have a ballpark figure on what the CG might be?

2006-09-27 15:00:02 · 5 answers · asked by loriahaven 2