United States - October 2006

My husband and I just bought our first home, we weren't given the option to have an escrow account included with our mortgage company. We were told that taxes are due on or before January 31st. So we have to pay all taxes and insuarnce before then, right? Or does anyone know if we can have them take all of this money from our income tax return?Or does anyone know how you can file taxes without a W2, with just an LES maybe? My husband is in the Army, and his W2's aren't realesed to him until the (almost) end of February. Please help, this is very important. To me at least.Thank you all for any help, or any info you can give.

2006-10-16 06:56:19 · 6 answers · asked by beccadynn420 2

see i only worked three months this year am i able to file for taxes for next year? i was getting 7.50 hr if that help let me know ASAP please i need to know .

2006-10-16 06:18:27 · 8 answers · asked by carman752042001 1

Generally people all over the globe avoid government taxes. Why? Please explain.

2006-10-16 06:09:20 · 6 answers · asked by TANISH 2

Including federal and state taxes, what percentage of tax would some earning, say, $90,000 per year pay?

2006-10-16 05:20:31 · 3 answers · asked by The Golden Child 1

I'm thinking of selling shares that I've held for more than a year. What's approximately the capital gains tax I might pay in the US? Any thoughts?

2006-10-16 03:59:25 · 4 answers · asked by Big_Dad 1

My boss is currently not taking taxes from my checks. He said he will do this for 3 months...How is this going to affect me with taxes at the end of the year??? I only make about 25,000/yr. so would it be in my best intrest to have him take them out asap? I also have a dependant if that matters at all and I attend college. Thanks for the help to anyone!

P.S. Cus I know how these politicians and attorneys work with their sneaky ways....

2006-10-16 03:24:48 · 10 answers · asked by jc207 2

I am newly shifted to US for company assignment. I have $50000 salary per annum but I dont know what would be my tax. I am single and currently working in MO state. I have no dependant.
Can someone guide me what will be my taxable income and tax. ?

2006-10-16 02:14:11 · 4 answers · asked by Bad_Boy 2

I lost 4 years of w2's in hurricane & need copies! & cant rem all

2006-10-16 01:24:06 · 3 answers · asked by Grin 1

2006-10-15 23:24:50 · 9 answers · asked by gaby_ro_2004 1

This is for my personal taxes filing for 2005 (Federal and New York State). I wasn't ready for the April 15, 2006 deadline so I filed an extension, allowing me to file my taxes by 10/16/06. I'm still not ready to file, but I will be ready to file my taxes in about a week from now (after the deadline for the extension). What will happen? Will I be fined, or worse, or what? I've never had this happen before, so I hope someeone can give tell me what the IRS does to people in my situation. Thank you.

2006-10-15 19:52:58 · 12 answers · asked by needhelp 1

2006-10-15 17:51:42 · 6 answers · asked by John A 1

2006-10-15 16:52:43 · 5 answers · asked by Cris 1

2006-10-15 16:42:55 · 1 answers · asked by THOMAS M 2

Refi home mortgage

2006-10-15 16:22:08 · 4 answers · asked by klmita 3

If you win some money, how can you reduce the government tax? I would like to pay off some of my mortgage.

If you donate to Charity, can you can money back during tax refund?

2006-10-15 15:16:42 · 4 answers · asked by cmachiela 2

2006-10-15 15:16:00 · 2 answers · asked by Anonymous

2006-10-15 14:39:52 · 4 answers · asked by geoffrey m 1

My question refers to antiques, artwork, and jewelry (loose stones) that may or may not have significant value. My mother owns a lot of Asian art that may total in value anywhere from $10,000 total to potentially $300,000, but, not having been appraised, nobody knows at this point. When my father was alive, he loved to just collect art and jewelry from his travels, not as an investment, but just as someone who loved to collect things. When my Mom passes away, is there any need for me to "declare" anything...or even inform the IRS about any of this artwork? Some would suggest a Trust, but frankly, nobody has time or energy to have this art appraised, etc. now. I don't even see this as necessary because it seems like I could simply 'take possession' of this completely undeclared/unvalued artwork. Is there a flaw in my thinking? What are some risks or recommendations? I guess I am not aware of where the IRS's "radar" lies with assets such as these undeclared, unappraised items.

2006-10-15 12:56:33 · 7 answers · asked by marsh511 1

2006-10-15 12:48:06 · 3 answers · asked by agenov2000 1

2006-10-15 12:28:12 · 5 answers · asked by handperc222 1

I filed in 2005, claimed my 2 kids and wife as dependants. Lately, I was told that since I claimed my wife as a dependant, and didnot file as" married filing jointly", my status is not right.Is it true? My wife never worked, should I file amended return and make the status change, or it doesn`t matter. Thanks for help.

2006-10-15 11:56:48 · 5 answers · asked by wiseguywisedude 3

my husband owns his own business and is up to his ears and past with all kinds of debts, including taxes. I heard there is a form I (his wife) can file that says I have no control or knowledge of how he is conducting his business. Any advise would be greatly appreciated. Time is important. thank you.

2006-10-15 11:55:02 · 5 answers · asked by sunridertravel 1

I don't OWE any tax & should get a refund, but are there other penalties? Will I still get my refund after I finally get my return in?

2006-10-15 11:18:43 · 5 answers · asked by Anonymous

2006-10-15 10:48:08 · 4 answers · asked by roberta.b@sbcglobal.net 1

My sister was working full time. She lived with my mother and the two of them co owned a home. My mother died unexpectedly and left my sister to make all the payments. she went back to work ( insurance castastorpe claims adjuster) and all the bills she was left with she became ill , due to stress, and has been diagnosed with ulcerative colites. She was hospitalized for some time. While on disability she was informed that her position was being terminated. she was offered a severance package but told either she could stay on, Without pay and disability ran out, and keep insurance or leave and take the severance package. She took the severance package and did not recieve anything for 2 to 3 months and was behind on bills. She borrowed money from family and friends to cover essential bills but fell further and further behind. she recieved her 401k money and used most of it to cover her behind bills. Is this enough to help her avoid the 10% penality and how should she file.

2006-10-15 10:36:33 · 4 answers · asked by Timothy B 1

2006-10-15 07:57:16 · 2 answers · asked by usrefinance 1

I live in TX, so with regards to Federal Tax, if I owner finance a piece of land, will I have to pay taxes on the amount as if it is a cash sale?

2006-10-15 05:35:34 · 6 answers · asked by Ryan 1

We pay them for misc. work done for a family business. The children are 14 and 9 and the total income for each is around $1200 for the year.

2006-10-15 04:27:34 · 5 answers · asked by RobH 1

This is the first time I have received one of these. The interest income totaled $53. I don't remember getting a check from them for this amount. I had $1,500 or so overpayments the last two years. I didn't think the IRS would pay you interest for the amount of time they had your overpayment. With as low as interest rates were around this time I wouldn't think that would add up to $53 in interest.

The description reads: The amount of interest paid to you in the calendar year shown (2005) is on an overpayment of federal tax.

$53 bucks in interest I never expected. Is this the new IRS I've been hearing about? :-)

2006-10-14 20:55:00 · 6 answers · asked by BbA 2

I was using TaxCut 2005 and the cost of living adjusted amounts for the most recently released stats (tax year 2003) below were presented to me:

National Average
Wages $67,182
Interest Income 1,465
Dividends 2,308
Taxable pensions and annuities 22,921
Unemployment compensation 4,981

How is it there are that many people with that high of:
interest income
Dividends
and Unemployment comp?

I hope there isn't someone out there with these exact amounts or there is something wrong here. :-)

Does the taxable pensions and annuities line most likely just reflect retired people?

These figures scare me.

2006-10-14 18:09:57 · 1 answers · asked by BbA 2