United States - November 2006

2006-11-30 03:35:00 · 3 answers · asked by joyson d 1

I recently got divorced in Aug. 2006 (on California) and I agreed to him having the house, I signed off on the house deed to take my name off, he promised verbally to refinance (not in the divorce papers) and has not, he is making all the mortage payments (hopefully on time) however we are BOTH on the loan and BOTH responsible for the payment-do I have the right to claim half of the interest on my income taxes?

2006-11-30 03:10:00 · 4 answers · asked by megs83179 1

2006-11-30 02:48:08 · 2 answers · asked by missy 22 1

I'm 40 and plan to pay my 2 kids (approx $1200/year) for helping in the family business. My financial advisor suggested putting their money into a RothIRA. Advantage: RothIRA's can be used for college or saved for retirement if they don't attend college. But the salesperson thinks that's nuts, if the kids do attend college the 529s are much better. Well, I do expect they will attend college; which alternative is better?

Now, if I choose the RothIRA, I would open the accounts in their names. But 529's don't seem to work that way; parents or grandparents open 529s in their own names for the kids' benefit, right? So how does that count as paying the children (in terms of taxes)?

2006-11-30 02:29:07 · 6 answers · asked by kickstand 1

I read somewhere that you can withdraw yearly equal amounts from the Roth without tax. Is that true and is that what they do so you can retire early?

2006-11-30 01:31:16 · 4 answers · asked by Chris P 2

need to know how much in taxes and any other monies out out of 17.5 million we receive 7 million after attorney what part of taxes are we liable for

2006-11-30 00:53:02 · 5 answers · asked by jdhtsh 1

I am in the US on a H1b visa. My tax status is equal to any American citzens, which means that I pay federal and state taxes. I have spent about 8,000 dollars on hiring an immigration attorney. Is this expense tax deductible?

2006-11-29 17:50:42 · 4 answers · asked by dave2huang 1

2006-11-29 16:32:31 · 2 answers · asked by Jason W 1

i get paid every other week i figuered out what it is but i need to take taxes out and i dont know how to do that. i live in ny state

2006-11-29 16:26:36 · 10 answers · asked by Anonymous

my x worked very little last year and thinks she can claim kids. our decree doesn't specify about taxes but we have joint custody and they are with me more. there is no child support granted to either one of us

2006-11-29 16:07:21 · 8 answers · asked by kimwri01 1

Ok, my X is a real jerk! just won't stop his dirty tricks. My son lives w/ me. I claim my son on my taxes. It is written in black & white in the divorce decree that I claim him. Past 2 yrs. X tried claiming son, so that held up my tax return. In 2005 my son lived w/ his dad for 7 months. He claims he gets to claim him (a call from him 2nite). I already claimed him & got my returns. Now the IRS sent me a letter & wants more info. Just cuz my son lived w/ him for 7 months, does this mean he gets to claim him? When I filed, H & R Block said no!

2006-11-29 14:04:52 · 11 answers · asked by pinky 1

My fiance and I are getting married on December 8 and I didn't work for 2005 and don't work didn't work this year so how should he file this year? Is it joint? I received public assistance this year and my kids dad is not supporting them ( he owes alot in child support) and never have claimed them. Even if my fiance didn't live with us the year, I know they give us the whole year because we'll be married before December 30 but can he claim my kids when we file joint only with his income?

2006-11-29 13:45:24 · 4 answers · asked by Meche 5

2006-11-29 13:31:10 · 5 answers · asked by kimwri01 1

On December 1, 2004, Gray Manufacturing Company (a corporation) purchased another company’s assets, including a patent. The patent was used in Gray’s manufacturing operations; $40,500 was allocated to the patent, and it was amortized at the rate of $225 per month. On June 30,2006, Gray sold the patent for $70,000. Twenty months of amortization had been taken on the patent. What are the amount and nature of the gain Gray recognizes on the disposition of the patent?
Write a letter to Gray discussing the treatment of the gain. Gray’s address is 6734 Grover Street, Back Bay Harbor, ME 23890. The letter
Should be addressed to Siddim Sadath, Controller.

2006-11-29 12:57:29 · 1 answers · asked by Ronda F 1

Connor is the sole owner of Service Enterprises (SE). SE earned net operating income of
$90,000 during the year and had a long-term capital loss of $12,000. Connor withdrew $45,000 of the profit from SE. How should Connor report this information on his individual tax return for 2006 if SE is a Proprietor, a C –Corporation ,or a S- Corporation?

2006-11-29 12:55:04 · 2 answers · asked by Ronda F 1

Have you ever been audited for tax fraud? what was the outcome? I am talking about fraud on individual taxes. Please tell me what happend to you.

2006-11-29 12:27:28 · 3 answers · asked by Hou Girl 1

2006-11-29 12:19:14 · 5 answers · asked by Anonymous

My school gets out the same time every year at the end of may the same day but it starts earlier and earlier the same amount of vacation days so more school days each year is this right


(i don't think so)

2006-11-29 11:37:07 · 4 answers · asked by ando ciompa 3

how to check for a person that has a CPA (Certified Public Accountant) license and there is any web site I can Check.?

2006-11-29 10:46:19 · 5 answers · asked by ydfarm 2

The definition of a capital asset in the Code is extremely unhelpful. Can anyone give me a layman's definition of a capital asset? What is a non-capital asset? Can you give me some examples of a non-capital asset?

2006-11-29 09:58:04 · 4 answers · asked by Two E 2

Obviously, we do not have legal US marital status and we file as individuals. We are both on the house, and I am wondering if I when I do taxes if I claim half of the taxes and interest on the 1040, or if only one of us claims the entire amount. Is there a tax book that goes into details about this stuff, the 1040 directions do not mention this type of thing. Thanks!

2006-11-29 09:36:21 · 5 answers · asked by quirky 5

both my wife and i are senior citizens.

2006-11-29 08:35:24 · 3 answers · asked by honeywockle 1

is there anywhere with irs that you can go to report someone who is not filling their taxes. say for example a landlord that does not want to give recipts for the rent because they are not wanting to report net income from the money they are reciving for rent.

2006-11-29 08:26:15 · 4 answers · asked by lori c 1

how much percent (union dues) do they take out from our pay??

2006-11-29 08:12:35 · 4 answers · asked by channingtatumissexy 2

I Have to send the IRS this 8453-OL Form, for my Tax Return That I Filed in Jan. But I dont remember the Website How Can I Find out this info.

2006-11-29 07:52:35 · 3 answers · asked by icesac25 1

2006-11-29 07:25:16 · 3 answers · asked by Kellopopins 2

2006-11-29 06:48:54 · 11 answers · asked by mertjim 1

I have a friend who is Canadian who recently married an American woman who is disabled receiving a small pension from Social Security. When they decided to make a life together, it was established that the Canadian has stronger family ties than the American does, and she moved to Canada. Also, American's pension isn't taxable because of the small amount.



Here's the following questions:



1) When tax time comes, should each file separately in their own countries? (Married filing separately)



2) If Canadian decides to file American as his dependent, does American still have to file in the US, and declare his income in the US, although he has never worked or lived in the US nor she in Canada?



3) If she no longer lives in the US, is she still required to file her taxes with the IRS every year whether or not she receives her SSDI?



Basically they want to prevent breaking the law, but they obviously don't want to have to pay twice, or pay on income that w

2006-11-29 06:41:02 · 3 answers · asked by llexpat 2

Someone told me that I can get my 2005 W-2 from the IRS, but where are they in South Florida? What is the procedure? How long does it take to get a copy from the IRS?

2006-11-29 05:54:39 · 3 answers · asked by 194p$k 2

Any suggestion on how to pay off 20k in taxes would be gratefully accepted.

2006-11-29 05:45:07 · 7 answers · asked by isis 4