United States - November 2006

The cash out was not used for home improvement, but I am not subject to the AMT.

Does the rule that you can only apply the cash out interest used for home improvement only apply in AMT circumstances?

2006-11-29 04:57:04 · 3 answers · asked by KQ 2

Just started a new job and I'm wondering how to fill out the W4 form for NJ, I'm married with 4 kids and a father dependent, wife works 1 job like I do, and we both total $120,000/yr , how many allowances should I write down on the form to avoid having too much tax taken out of my paycheck, I also dont want to pay taxes at the end of the year, I appreciate all your help.

2006-11-29 03:55:27 · 0 answers · asked by Cid2006 2

2006-11-29 02:15:22 · 1 answers · asked by a_partizanka 1

2006-11-29 00:06:11 · 2 answers · asked by germanlover63 1

2006-11-28 20:30:05 · 3 answers · asked by Qariskaxoor 1

my normal tax bracket is close to 0 as depreciation covered my income. ihave heard that capital gains will be taxed at capital gain rates or my ordinary income rate which ever is lower. Is that true.

2006-11-28 17:46:41 · 6 answers · asked by lee t 1

HOW LONG DOES IT TAKE FOR TAX REBATES TAKE TO BE RELEASED AFTER BEING FILED?! People say that it usually takes a week after it is filed and or after the due date has been set. So why isn't alot of the 2004 and 2005 rebates out yet? Is there a way for the people to be compensated for this delay?, after all we the people do get penalized for filing late.

2006-11-28 17:44:45 · 2 answers · asked by JEANELLA B 1

We want to know learn how to save on taxes - please be as detailed as possible - thanks.

2006-11-28 16:57:47 · 3 answers · asked by Bruce F 1

2006-11-28 16:55:49 · 11 answers · asked by Anonymous

What happened is that i had no money the pay even though it was only like 180dls so i did not do my taxes. Does somebody know what happens and what can i do?? Please

2006-11-28 16:23:39 · 10 answers · asked by Elias 1

The form for the state of CT's w4 has changed so much from 2001 to 2006 the layout isn't even the same! And the tax laws HAVE changed since then so I guess I should just fill out the incorrect form since that's what I've been advised on my federal w4s?? I know federal tax laws have changed as well and I just dont want to be the one getting screwed come tax season because the employer isn't using up to date forms.

2006-11-28 15:51:07 · 2 answers · asked by LepGirl 2

If you have just gotten a new job as of today (11/28/06) and the prospective employer hands you W-4 forms from 2001 can you refuse to use them and ask for updated forms or is that grounds for dismissal?

2006-11-28 15:39:47 · 6 answers · asked by LepGirl 2

2006-11-28 15:12:45 · 5 answers · asked by euphiefree 1

2006-11-28 15:00:41 · 4 answers · asked by LepGirl 2

Is there a simple formula to calculate the contractor rate that equals the full time employee compensation? I understand that the contractor must pay Personal Employment Tax and their own insurance, but am not certain about those costs.

Let me know if any additional info is needed for an approximation of the formula used to identify the cost/benefit of going 1099.

2006-11-28 14:46:04 · 2 answers · asked by Anonymous

My non-profit organization has been told the TIN we have is incorrect. How does one verify with the IRS our correct number?

2006-11-28 14:39:28 · 3 answers · asked by smokey 1

last week he got a letter by mail from the irs, that he owed about $600, it senn weird, we always do our taxes. but something cought our eyes...it was from 1989...he was 6 years old at that time and still in his country. when he called this morning he told me that he had to send a copy of his birth certificate, and a copy of his social card for them to clean that outta his name. he's 24 now. he came to the US about 10 years ago, the social # he uses its his, but its not for work. he came in with a student visa thats expired, we are married. am a US citezin, but still have not process his paper for a residency for him. if he sends a copy of his s.s card that says not elegible for work, will he get in troiuble? he is working.

2006-11-28 14:10:35 · 12 answers · asked by Anonymous

2006-11-28 13:58:49 · 5 answers · asked by Anonymous

Hi Tax Planning Gurus,
Need help for 2006 Tax Planning . I have an S-corp and need to do some Tax planning before this year(2006)end. I already have a SEP account which is giving me some Tax-free money. Anyone knows about other tools/accounts(Plan 529 for one..thinking about this one) which can save taxes for 'Small Business' / Self-Employed. Any help in this regard is greatly appreciated in advance

2006-11-28 12:12:18 · 1 answers · asked by AndyYahoo 1

Also this will be my first time going to a place like this so how what all do i need to bring? like would i bring my old tax statments? and what type of reciepts will i need to bring? (my mom's bf did my taxes for the past 3 years)

2006-11-28 11:41:14 · 5 answers · asked by Wondering 4

2006-11-28 11:23:57 · 3 answers · asked by addicted2hiphop 1

If I sell an item (in this case several copies of a book) to a non-profit, tax-exempt entity, I assume I cannot charge them tax. Is this true? Secondly, do I still have to pay the state what the tax would be, dispite not collecting it?

Example: Book cost = $11.95
(Pennsylvania) Tax = $0.84

Buyer pays $12.79
I pass on the $0.84

Tax emept buy pays 11.95
I pay out of pocket $0.84 or not?

2006-11-28 10:32:32 · 3 answers · asked by onlyget1shot 3

Or does the home equity line invalidate all of the interest being deductible?

2006-11-28 10:31:54 · 3 answers · asked by monsoon05 2

2006-11-28 10:04:51 · 2 answers · asked by Dussti 1

I have $200 capital gain in stock market. Do I need to report it to IRS? Is there a minimum amount of gain that require reporting to the IRS?

Why does IRS only look at the price of stock sell but not the price of purchase? The tax me $4200 for the sellings x share of stocks. I show them the actual price of purchase and indicate a net loss. The IRS ignore me sent me a warning letter.

Does the IRS need money desperately right now?

2006-11-28 09:44:02 · 4 answers · asked by sel_bos 3

2006-11-28 08:20:10 · 3 answers · asked by ubertaz69 1

My LLC is looking at cutting our tax liability. What is the correct way to buy cars for the partners of the LLC? Dont wanna make the IRS mad !

thanks

2006-11-28 07:46:04 · 3 answers · asked by lwagner1998 2

I can't remember, when do the W2's start coming so we can do our taxes for the 2007 year?

2006-11-28 07:30:26 · 9 answers · asked by Go Vikings 4

My interest paid this year is $7600 is that a complete write off towards my income tax owed?

2006-11-28 07:13:17 · 8 answers · asked by johnwhetzell 2

I owed about $400 last year and I never filed or paid. What is the penalty when I get everything straighted out this year?

2006-11-28 07:10:55 · 8 answers · asked by johnwhetzell 2