United States - November 2006

I will have made 45,000 at the end of December
I have had about 7,000 in federal and 4,000 in state taken
I claimed single/0
About how much will I get back ? (percentage)

2006-11-30 22:52:27 · 1 answers · asked by adh3430 1

I always assumed the gift tax was payed by the reciever for anything over $10,000. Someone just told me that if my wife and I each gift our daughter $10,000, nobody payes taxes, niether us nor her. Is that true?

2006-11-30 17:37:54 · 13 answers · asked by alan p 1

2006-11-30 17:34:34 · 7 answers · asked by Anonymous

and do you pay in on social security after you retire (while you are getting it)?

2006-11-30 17:12:08 · 10 answers · asked by Ford Prefect 7

If I buy a house, can I put the deed in my daughter's name or is their a tax issue with that? Is it considered a gift and therefore taxable about $10,000? Or is there some way around that?

2006-11-30 16:39:47 · 6 answers · asked by alan p 1

2006-11-30 14:13:47 · 1 answers · asked by gbm 1

I need details on what the rules and restrictions are for carrying cash money over borders / through customs. Both IRS and US Customs information would be preferred. If the destination country is relevant, it would be the United Kingdom. How much money can you carry through customs without any reporting, declarations, etc... If the amount is more than that, what are the procedures for reporting and declarations?

2006-11-30 14:09:56 · 4 answers · asked by Jason 2

2006-11-30 13:32:54 · 2 answers · asked by spv 1

I have a short-term capital loss carry-forward and long-term capital gains in the current year. Can I apply the short-term loss carryforward against the long-term gain?

2006-11-30 13:24:31 · 2 answers · asked by Buddha 2

I would like to find 2004 w2 forms

2006-11-30 13:24:05 · 4 answers · asked by mgmora1005 2

2006-11-30 12:47:36 · 5 answers · asked by Shannon W 1

I am really looking for some free items, pay nothing and they get end- of year write-offs (tax-deductibles) (money will be even better.....

2006-11-30 12:16:51 · 1 answers · asked by Keila O 1

I live in NJ. I have investment real estate in NY that I am selling for a long term capital gain. I have stocks that I can sell for a long term loss. On my federal income tax return, the gains and losses balance out. My reading of NJ tax law is that this isn't the case - since the gains and losses are in different categories I need to pay capital gains on the real estate, and the stock market loss is "wasted" (and thus I have to pay tax even though total income is zero).

Is my reading correct? Is there anyway to get around this?

Thanks.

2006-11-30 11:58:40 · 2 answers · asked by Ed L 2

2006-11-30 11:47:21 · 2 answers · asked by sick of fakes.. 3

2006-11-30 11:31:39 · 8 answers · asked by Tom W 1

My husband and I are seperated. I am moving out of state and dont want to have to come back to sign the check. I had no income So I dont have to file. If my husband files seperatly do I still have to sign the check and is he still eligible for the eic since he supported us all year?

2006-11-30 10:58:00 · 3 answers · asked by greeneyes40701 1

This client shows no income, this year, started a business from thier own personal cash. The business is profitable.
What does the bank want before they grant this person a mortgage to buy thier house? What documentation, how do I structure things? There is still room to move around here.
I ve been trying to help this client get thier house closed before the year end, it doesn't look like it is gonna happen. Any thoughts.

2006-11-30 10:03:31 · 3 answers · asked by Chris 3

The merchant insists on charging full City+State tax rate for my online purchase, but I happen to live outside of city limits, and so should only pay the state rate and no city tax.

It's an ongoing problem that continues despite several people having drawn it to the merchant's attention on various occasions.

I will try to get a refund (after the fact) by calling and writing to the merchant. But clearly they won't fix the underlying problem, so I think it should be brought to the attention of the appropriate regulatory authorities. Whom should I contact?

2006-11-30 09:57:30 · 4 answers · asked by mousebatfollicle 1

How can I see a list of tax exempt certificate number. Look up a particular agency to find there tax exempt number?

2006-11-30 09:44:26 · 1 answers · asked by millie253 1

my friend made $50,000 in 2005 and over $100,000 in 2006 so far as an independent contractor (1099-misc). she did not file for 2005 income and believes she can get away with not paying as much as she owes for 2005 and will owe for 2006 by settleing with the IRS when and if they contact her. i want to give her some advice on this but do not want to scare her un-neededily. if she made this amount ($100,000) in 2006 so far i estimate she would owe almost $40,000 in taxes. she says she has $30,000 in savings but will get rid of it before the IRS contacts her and then will settle for a lesser amount. (maybe use the $ to buy a car, which she believes the IRS can't confiscate if it is her only means of transportation). is this true? why hasn't the IRS contacted her about the $50,000 she made last year (1099-MISC). any advice? thank you.

2006-11-30 08:05:53 · 8 answers · asked by john b 1

My brother and I are buying a house together in CA. Since he has a higher credit score, we are using only his name on the mortgage application but both our names will be on the home title. Am I still eligible to get tax write off (interest) or is he only able to do so? Thanks!

2006-11-30 07:29:08 · 7 answers · asked by sws 1

They are taking 2/3 of my take home pay. < $10k in total garnishments at this time...

2006-11-30 06:56:46 · 7 answers · asked by Kirk M 1

2006-11-30 06:33:14 · 6 answers · asked by crimsongraycoug 1

2006-11-30 06:32:42 · 3 answers · asked by crimsongraycoug 1

2006-11-30 06:29:53 · 6 answers · asked by Tony 2

I tried to use the H&R Block tax estimator - which I've used every year for the past few years - and it's giving me a zero for the result even though what I made with self employment falls within the bracket for earned income credit.

2006-11-30 06:19:08 · 4 answers · asked by Someday Soon 2

2006-11-30 05:40:00 · 3 answers · asked by robf 1

If I fly home on weekends off from a temp work location away from my tax home, can I deduct the airfare? Do I need to limit the deductions to the amount I would have spent on meals and lodging if I had stayed at the temp site? I get conflicting answers to this question.

2006-11-30 05:26:15 · 5 answers · asked by Patrick M 1

Assume James purchased 1000 shares Microsoft Inc. stock on Jan. 12, 2004 for $28,000. On May 12, 2005 he sells it for $25,000. On June 1, 2005 he buys back 700 shares of Microsoft stock for $15,000. Discuss and explain the tax ramifications to James on his 2005 federal Income Tax return.




Assume he also purchased 100 shares of IBM on May 13, 2005 for $8,000 and sold it for $14,000 on October 12, 2005. How does this transaction combine with the first transaction?

2006-11-30 04:59:15 · 5 answers · asked by Ronda F 1

I recently accepted a job in Hosuton TX at a salary of 52k. I am single mom with 2 children and pay childcare expenses. I am also a home owner. I am accustomed to getting substantial income tax returns and would like to continue to get them. How do I make sure that I can keep the most money during the year from my paycheckks without owing at the end of the year? I want to maximize my dollars throughout and at the end of the year. Last year I made 41k so I want to make sure my tax bracket is not going to throw me for a loop? Any general advice? Thanks!!!

2006-11-30 04:02:48 · 5 answers · asked by Making Them Listen 3