United States - November 2006

We have several corporations we run payroll for, and I accidentally paid a semimonthly tax deposit under the wrong federal id number and bank account. The tax has been paid, but applied to the wrong entity. I have made a new payment today for the correct corp and will apply future taxes towards the overpaid corp's liability. I just wondered since I know of the problem now if I can alert the IRS before filing Schedule B, or do I have to wait until they receive the 4th quarter report and post it and then send me a letter saying the tax is paid late, yadda yadda yaddda.... before I can send the explanation.

I couldn't find anything on IRS website that addressed this.

2006-11-15 06:57:42 · 2 answers · asked by swheatmamato3 2

Does anybody know good ways to get a larger tax refund. I'm not married and rent a house with my g/f, we have no kids. I know somebody in the same income bracket as me (30-40k) and he has a friend that does his taxes online. He gets lots of money back and I only get a couple hundred dollars. We both claim 1 on our W-2's

2006-11-15 06:08:36 · 5 answers · asked by bizzie 2

do you have to pay back taxes if you filed bankruptcy

2006-11-15 06:02:59 · 3 answers · asked by chris d 1

I am a real estate agent and I was looking to purchase a new car. The car sales manager told me that It would be better to lease a car instead of purchasing it. He said I could claim the entire lease amount during taxes.. I was wondering how is that possible.. This year my sale was around 50K net so How would I be able to claim a $10K car payments in my tax returns??

2006-11-15 04:56:52 · 2 answers · asked by fmtjatt 3

Assumes that death benefits begin when husband would have been 62, and that widow's retirement benefits would begin when she reaches 62, and assumes that family maximum is not exceeded by either benefit stream, and that there are no dependants.

2006-11-15 04:55:35 · 4 answers · asked by craigmc1956 1

2006-11-15 04:19:34 · 5 answers · asked by lawyer 1

2006-11-15 03:56:38 · 7 answers · asked by natefoster1 2

I am currently working on a 1099 basis. My employer does not take out any taxes. If I was to incorporate now, can I report the income from previous months under my newly formed corporation in April?

2006-11-15 02:52:13 · 3 answers · asked by Got2seeit 2

I had a friend tell me that I can deduct on my taxes,my stolen motorcycle.It was stolen then police department called me they found it.I was told it was in good hands at another police department.I called this other police department they said they will call me when they release it.I called several times and said same thing and one day I called again and what they said shocked me.They sold it.Police department stoled my bike and sold it.It wasn't there's to sell.This friend said I could deduct my motorcycle on my taxes.Is this true??

2006-11-15 02:44:28 · 6 answers · asked by galia_62801 1

there is more people in the united states then there has ever been! then why is the gov. & states raise taxes? if anything the taxes should be the same or lower!!

2006-11-15 02:13:03 · 4 answers · asked by chevytrk1232000@yahoo.com 4

2006-11-15 02:10:45 · 2 answers · asked by Dolores A 1

2006-11-15 02:10:24 · 3 answers · asked by Anonymous

paying sales tax us for the things we buy, then taxing us at the end of the year? huh?

2006-11-15 02:10:10 · 7 answers · asked by chevytrk1232000@yahoo.com 4

I live in Texas, and would prefer a site that has listings or sites for this State.

2006-11-15 00:59:36 · 1 answers · asked by Anonymous

2006-11-14 23:49:49 · 2 answers · asked by dupontx07 1

I need the info for my history essay and I couldn't find the info anywhere... Does anybody know?

2006-11-14 17:24:54 · 2 answers · asked by <3 3

I'm told at the end of the year I get money back for taxes...What is that all about... I've been working one of my first jobs and I remember when I asked my manager why does it matter to file 0 or 1...

2006-11-14 15:38:11 · 4 answers · asked by Anonymous

I have a question about profit disbursements to members of an LLC. We have it set up so that we will each get a weekly disbursement for particular duties performed and then would like to do a jumbo disbursement at the end of the physical year to each memeber.

I have been doing some reading on profit and loss disbursement and I am a little confused. It says we can do a "Pass-Through" taxation where the profits and losses are passed onto the members.

What I need to know is:
1) Can we withhold income taxes,etc., from each disburement and pay that quarterly? Or, is each member responsible for doing that themselves?
2) The rest of the money in the account that is profit and operating revenue, do we have to pay quarterly on that too or can that wait until the end of the year? If we have to pay out on it quarterly how is that done?
3) How is the profits & losses split up between the two members on their individual taxes? I don't understand how that work.

Thanks in advance!

2006-11-14 15:30:55 · 4 answers · asked by luvrplant 1

2006-11-14 13:20:06 · 2 answers · asked by Anonymous

My husband has a tax ID number and I have a Social. We filed with two different women and we ended up owing 3,000 dollars. We know that isnt possible. Is there anything we can do?

Neither one of these women will take responsibility and both are slimy. We didnt see this before but other people have told us the same thing.

2006-11-14 13:02:59 · 7 answers · asked by hechicera_de_la_alma 3

How do I prove that each year they gave me 10,000 each. As it stands, the gifts were kept as cash and only recently did I deposit the whole lump sum into a CD. How do I prove to the IRS that the CD was the result of 10 ten years worth of tax-exempt gifts?

2006-11-14 12:20:45 · 8 answers · asked by snoricel 1

...and her son on our taxes this year. The problem I have is this...
she has made about $3,000 this year, and has not lived here for 2 years now. Can he do this? Is this legal? She lives with her grandparents and they are keeping them both up.
If she only made that much, and the grandparents decided to claim them both, would they have to fill a return for her since she worked. Does she have to fill a claim at all
Ihope this made some since.

2006-11-14 12:16:52 · 4 answers · asked by charliesangel 2

i hear this on TV and radio all of the time. i am sure that the rich pay a lot of it, but i think that the figures are skewed. When ALL of the taxes are included, i mean, sales tax, ad valorem, social security and medicare withholdings, gasoline tax, car tags, cigarette tax, and all of the rest are included, not just income tax. do the top say, 5% really pay over 50% of the governments total income from taxes?

2006-11-14 11:41:25 · 6 answers · asked by Anonymous

My ex had my 18 year old son declared emancipated when he graduated from high school last June. Since then the ex has had to pay no child support. The ex still has my son on his health insurance, and he intends to claim my son as a dependent on his federal income tax. My question is - How can my ex claim my son as a dependent if my son has been declared emancipated? Is this allowed?

2006-11-14 10:41:01 · 5 answers · asked by physandchemteach 7

I work for a company who has an employee in need of their W-2 forms from 1995 to 1998. I was wondering if there is any other way to find them, perhaps online through the IRS, so I do not have to spend a whole day in the back of a dark, dirty trailer. Please help if you can....Thanks!

2006-11-14 09:52:22 · 6 answers · asked by TJ 4

When I was young, my grandma would buy me (and my brothers) US Savings Bonds. I am now a grown man, and I am still holding on to them. Well, I have some home improvements coming up, and I could take out a home equity loan or line of credit to pay for them. But I've got these savings bonds sitting there just collecting dust. So I could cash them in and offset the amount of equity I'd have to use for these improvements. But here is my concern. I know that if you cash them in, you have to claim the interest earned on your federal taxes. So let's say I have a $2500 savings bond that is now worth $5000 (so it has earned $2500 in interest). If I would cash that in, how badly would I get hurt come tax time? Can anyone tell me approximately what percentage of that $2500 I would end up having to give back to Uncle Sam? I am just trying to avoid getting myself into trouble, where I'll end up owing $2000 next year. That would pretty much defeat the purpose of cashing them in.

2006-11-14 09:24:27 · 4 answers · asked by bosco 2

Is it possible to deduct from my Income money I gave this year to my own daughter as a gift?

2006-11-14 09:13:14 · 6 answers · asked by Michael P 1

2006-11-14 09:09:20 · 7 answers · asked by Loving Life 1

2006-11-14 07:54:00 · 3 answers · asked by aaron_renee_crushfield 1

I was thinking about selling some things on e-bay or craigs list as a way to get rid of things and earn some extra money. Would I need to report this as income for tax purposes?

2006-11-14 06:55:36 · 8 answers · asked by shooter 1 1