United States - October 2006

Is this Legal? He says that there is a gray area..that makes it okay. Is he getting away with anything? He tells me..he only does it because he knows I could use the money. ( I don't think that is his reason) I've never worked at a job like this and don't know how I'm going to pay in at the end of the year. Help!

2006-10-24 08:23:55 · 6 answers · asked by Paige 2

As a consultant I am paid with no tax or social security, health deductions etc. Due to a shortage of funds, I have agreed to work an extra 5 hours a week for free - or donated time. I am curious when I do my taxes if I can deduct this from my total earnings?

2006-10-24 07:54:21 · 5 answers · asked by modtape 1

I just recently bought a home 6 months ago, how will i do taxes on the house, what duductions can i file and what form do i fill out? If i do taxes at HR Block will the do housing taxes for me? And do you get a return or do you have to pay? sorry if these sound like dumb questions.

2006-10-24 07:47:20 · 2 answers · asked by Charlie M 1

I have a sole proprietorship in the state of California, Small business, no employees. I have purchased 2 vehicles strictly for company use. I have been told by a CPA that I can write off the full purchase price of each vehicle. One of them I bought last year and did not claim it then because another CPA was worried about it causing an audit. This year I want to claim both vehicles at the full purchase price. Does anyone have any suggestions? Possible Audit? Any experience with this?

My business is 2 years old and is not my primary income, I did it mainly for tax purposes in the begining and will make a small profit this year. Claimimg these vehicle will show a huge loss. Any input is welcomed.

2006-10-24 06:50:12 · 9 answers · asked by PSI 2

I had this job at the beginning of the year for a few months. THe owner shut down and move out of town with no way to get in touch with him. he left me a check for some of what he owed me in wages but i was wondering what will come of the taxes withheld from that job in the spring. i'm guessing i won't have W2 forms from him cause he skipped town. do i just count my losses or is there some danger for me come tax time to leave matters unsettled. the way i see it there isn't anything i can do. i tried taking him to small claims court but it wasn't worth it.

2006-10-24 06:47:25 · 4 answers · asked by krys 1

I know someone that is actually running a business from their home and making pretty good money, but not paying any taxes and is not a registered business. How can this be reported without giving a name?

2006-10-24 06:09:12 · 13 answers · asked by Anonymous

How do I find out how much to take out in taxes if I am a self-employed individual with a cleaning business?

2006-10-24 04:39:32 · 3 answers · asked by amber v 1

2006-10-24 03:56:06 · 7 answers · asked by Relggob 2

2006-10-24 03:41:38 · 3 answers · asked by annnnwhat 1

my sister in law works at a payday loan place and we just found out that the owner is being audited? we don't know too much about this so we are wondering if the store is going to be closed down?

2006-10-24 03:41:16 · 2 answers · asked by lynne 2

My fiance and I are getting married on November and I don't work so how should he file this year? Is it joint or does he claim me as a dependant and my kids? Can he claim my kids?

2006-10-24 03:39:20 · 5 answers · asked by Meche 5

Heating Oil purchase of $300.00. 5% discount for cash = $15.00. Must I pay sales tax on the $300.00 or the discounted price of $285.00?

2006-10-24 03:37:38 · 4 answers · asked by Elory 3

I was thinking of making some extra cash to rebuild my beautiful home here in New Orleans, something along the lines of ebay. From what I gather, you don't necessarily need any sort of license to resell things online, even in bulk. What my question is, is how would I go about filing my taxes and doing all "fun" stuff? Would the state automatically know, or would I somehow have to inform them? I just don't want to goto jail for tax evasion ;)

2006-10-24 03:35:28 · 4 answers · asked by Anonymous

2006-10-24 03:32:55 · 7 answers · asked by annnnwhat 1

After the 2005 personal taxes were paid all monies were distrbuted except for $50,000.00. Beneficiares were told this was being held until the IRS cleared the estate for closing. We were told this could take 18 months to 2 years by the CPA for the estate. We have been told by others this should only take 4 to 6 months.

2006-10-24 01:46:03 · 4 answers · asked by tldaniels62 1

I have a state tax debt which I do not dispute, however... the amount that I am said to owe is incorrect. I have documentation showing past refunds were applied to the debt, thus making the amount much lower than the amount of the garnishment amount indicated. Is there a way to dispute this with the debt collector?
There is already a garnishment being applied to my spouce's wages, how can they attach my wages for the same dept?

2006-10-24 00:48:02 · 6 answers · asked by tarmin8or308 2

My wife and I filed our 2005 Taxes separately, mainly because I owe some taxes from previous years and she doesn't. After she had already received her refund, I discovered that by filing jointly our refund would be much greater as a total than if we filed separately. I have been told that there is a form I can file (along with a new 1040?) that will allow the way we file to be changed. Is that true, and if so, what is that form?

Also, she already received a refund. Would the IRS make her pay back her refund or would they just credit the difference to what I owe. I am under the understanding that they would not make her pay back the refund she already received and want to confirm this.

Thanks.

2006-10-23 23:05:25 · 4 answers · asked by bdeyre 1

Are there any benefits to filling out my W-9 for my new subcontractor position with and EIN or should I go with my SS#? I want to be able to pay as little as possible in taxes without doing anything illeagal. But I will have a lot of travel expenses and other expenses in this business. Thank you.

2006-10-23 22:09:28 · 5 answers · asked by Mustafa 5

My parents current work for a big company, but they also own a small business selling clothing and fashion acccessories. They are looking to buy a used car thru a private party. Is there a way to write it off as a deductible for our own business even though they are working at another company also? Basically, we are trying to save as much money as possible. Anyone have any recommendations such as mileage and depreciation writeoffs or just anything at all.

2006-10-23 20:43:14 · 3 answers · asked by Johnson Huang 1

2006-10-23 18:11:27 · 7 answers · asked by cricket 2

If you are being audited for 2003-2004, what are the chances of being audited for 2005, too?

2006-10-23 16:42:24 · 5 answers · asked by Jessica K 1

1. March 2006: Received letter from IRS saying we owe money (with handy return envelope enclosed) saying we need to pay said amount or else. We have to sign letter (saying we are guilty) and mail back payment within 30 days.
2. Tax Accountant says: don't sign and don't pay
3. Okay didn't do that. Instead we sent a letter saying we disagree.
4. No answer
5. July 2006: Letter from IRS saying we are now delinquent and have a couple thousand dollars in penalties. Pay us now and we will stop the penalties (stop hurting you). If you disagree, file a petition.
6. Called tax accountant. Said: don't sign and don't pay.
7. Okay. Didn't do those things. Filed our petition.
8. Another set of Deliquency Letters.
9. Hired our little US Govt Tax person for $60. Filled out our paperwork.
10. Case # sent
11. Letter from Tax attorney asking for all reciepts etc.
Is this normal? I can't but feel we were never actually audited until after we hired the Govt Tax guy. What else can we do?

2006-10-23 16:36:13 · 4 answers · asked by Jessica K 1

I have to buy new steel toe boots for work in refineries. Is this deductable and how do I go about making it tax deductable if it is? While I am at it, would it be in my best interest to buy some tools for the job? What if they might not be used on the job too much? If I can make it look like that, it wouldn't matter would it?

Write offs are a very new thing for me. I am making plenty at the refinery gig, so I lots of federal withholding on my taxes. I am basically asking: how can I get this back?

thanks

2006-10-23 16:09:36 · 7 answers · asked by longdis 1

We are being audited for 2 years and have no idea what to do. We have never been audited before. Do we print out everything we have, or do we print out certain things. Thanks!!!

2006-10-23 15:26:56 · 4 answers · asked by Jessica K 1

2006-10-23 14:45:43 · 9 answers · asked by RICK 1

I know this is a tax! How did this start? And how on earth did it survive the years without being declared archaic and just rounded-up?!

2006-10-23 14:45:36 · 5 answers · asked by Eric S 1

2006-10-23 14:03:06 · 9 answers · asked by Anonymous

Can anyone let me know what question means?

I claim exemption from withholding for the current taxable year, and certify that I meet BOTH of the following conditions for exemption: Last year I had a right to a refund of ALL Federal income tax withheld because I had NO tax liability; AND this year I expect a refund of ALL Federal income tax withheld because I expect to have NO tax liability.

A) I meet the conditions
B) I do not meet the conditions

2006-10-23 13:34:44 · 7 answers · asked by sparksXT 3

Should a consultant charge taxes on consulting services rendered and pay the taxes to the state?

2006-10-23 13:21:11 · 1 answers · asked by gotchabetcha 1

The building was passed down to me by my father a year ago.

2006-10-23 13:19:29 · 4 answers · asked by John G 1