United States - December 2006

i have not been able to use up all the money that i put in my flexible spending account. What is an easy way to use it up by the end of this year

2006-12-22 02:37:48 · 2 answers · asked by vrgopi 1

2006-12-22 02:00:06 · 7 answers · asked by Joseph R 1

I'm worried about getting hit with the Alternative Minimum Tax. I believe the standard deduction for a married couple jointly filing is something like $62,500. As long as my deductions are lower than that, will I be okay? I'm worried about losing my deduction for my property taxes. I won't be able to afford them if I can't deduct them.

2006-12-22 01:10:09 · 4 answers · asked by Brooke22365 4

I only went to the states once this year for less than 30 days. I am single, and do not send money into the states. I make much more than the 80k cap. What should I do.

2006-12-22 00:22:05 · 5 answers · asked by Anonymous

529 plan and tax free gift

2006-12-21 22:38:58 · 5 answers · asked by Shouxiang M 1

Does anyone know if H&R Block takes the fees that you owe them for doing your taxes out of your refund? Do I need to make sure I have money with me...or will they take it out?

2006-12-21 20:24:00 · 5 answers · asked by GreatDivide 1

im ordering 5 things and it all costs 123.95 with shipping charge and addl. delivery fee. if im ordering to Trenton, SC and i live in San Diego, CA how much is the sales tax??

2006-12-21 18:47:05 · 4 answers · asked by Holly♥ 2

2006-12-21 18:03:58 · 9 answers · asked by Anonymous

A friend received about 7500 dollars,what is the law on taxes--came from sale of parents real estate

2006-12-21 16:23:15 · 4 answers · asked by ghillips2003 1

so if you can write a house off of your taxes...from strictly a financial point of view, would it be better to make a small down payment on a home and pay for it as you can(with interest), or to save for a few years and pay for it all up front?

2006-12-21 16:10:22 · 4 answers · asked by to the beat in my head 3

I am talking about the case when you got 80/20% mortgage loans with 0% downpayment. I know that the 80% one is fully deductable, but not sure if I can deduct taxes for the second one

2006-12-21 15:43:56 · 7 answers · asked by Ekaterina K 2

I need to have taxes taken out of my Social Security and they only give you certain rates, can someone tell me which rate is best 7%, 10%, 15% or 25%

2006-12-21 14:34:25 · 4 answers · asked by single2mingle22000 2

in the Army and I've spent at least $1,000 on stuff for my uniforms and dress clothes and need to know if its tax deductible. I have all the receipts and I'm single and only claim 1 at the end of the year.

2006-12-21 13:52:40 · 8 answers · asked by Anonymous

i am an over the road truck driver for a small company (not owner operator)...
i've heard that i can deduct cell phone, meals, etc. from my taxes. been told that instead to hang on to all the reciepts from all the purchases all year long, i can take an certain dollar amount per day and use that instead of itemizing? any suggestion, ideas?

2006-12-21 13:41:31 · 3 answers · asked by magiceye81 3

2006-12-21 13:40:08 · 1 answers · asked by Robert L 1

i am an over the road truck driver for a small company (not owner operator)...
i've heard that i can deduct cell phone, meals, etc. from my taxes. been told that instead to hang on to all the reciepts from all the purchases all year long, i can take an certain dollar amount per day and use that instead of itemizing? any suggestion, ideas?

2006-12-21 13:39:39 · 4 answers · asked by magiceye81 3

2006-12-21 12:09:32 · 7 answers · asked by PAULA P 1

In the 2006 calendar year I got married and had a baby. I'm trying to detemine the best way to file my taxes in order to maximize my refund. Should my husband and I file jointly or seperately? Also, are there any additional deductions for medical expenses related to the pre and post-natal care of myself and our daughter? I want to have a CPA do our taxes this year, but my husband thinks it would be a waste of money. Would going directly to a CPA be worth the cost or would filing through a program like Turbo Tax with a minimal fee be just as effective?

2006-12-21 11:17:40 · 7 answers · asked by Chelle 3

Hi, I have a question about taxes refunds, I'm not a resident in the USA, I live in Mexico but I usually go to Arizona to do some shopping according to the season, recently someone told me to keep my receips so I could ask for the refunds of the taxes that I paid because I'm not a resident. So I'm wondering if this is correct, that I can ask for the refunds of that money and if it's true, what do I have to do or / and where do I have to go? Thank you very much!

2006-12-21 10:53:47 · 8 answers · asked by Giss 2

I understand that I will be taxed on the capital gain that I received for my mutual fund, higher tax especially when I hold my mutual fund and sell it in less than a year. Now how about stock? I believe the income tax on stock will be different since it is impractical to hold a stock for a year and sell it in order to pay less tax... so how is the income tax rate on stocks (capital gain) comparing to mutual funds (capital gain)? (i.e. higher / lower tax rate)

2006-12-21 10:39:38 · 5 answers · asked by man 1

I was out of work nearly a whole year (2005). I had some stock options that I had to exercize or lose, so I exercized them. The result was what appeared to be a $40,000 gain and after all was said and done, I owe them nearly $5,000. I have not been able to pay them so far this year. I got an extension, but I haven't heard from them yet. Who would I have to call to ask that the debt be forgiven?

2006-12-21 10:18:08 · 12 answers · asked by lowesman4e 1

I have been using a Dependent Care Savings Account to pay for in-home day care for my children. Do I have to give my babysitter a W-2 at the end of the year? Am I responsible for paying Social Security Taxes for the wages I have paid her?

2006-12-21 10:14:26 · 3 answers · asked by David K 1

2006-12-21 10:11:56 · 9 answers · asked by Megan D 2

Will the government tax (income tax) me on the interest that I obtain from my CD?

And let say I have two accounts - one for CD and the other for mutual fund, and have the same amount of principal and same interest rate on both accounts. Will the government tax (income tax) me more on one of the two accounts, or will they both be taxed the same rate?

2006-12-21 10:08:28 · 4 answers · asked by man 1

2006-12-21 09:44:53 · 7 answers · asked by stonemarji 1

I am transferring $2500 from my checking account to a mutual fund account (Fidelity tax-free money market fund / fidelity floating rate high income fund), since mutual fund at least gives me interest while checking account does not. But is this a smart move? Which form (checking vs. mutual fund) will allow me to pay less tax?

Could you tell me if my assumption below is correct:
(a) Checking account: More money in my checking account WILL NOT make me pay more tax, since income tax has already been deducted from my paychecks.
(b) Mutual fund: More money in my mutual fund account WILL NOT make me pay more tax. However, I will be taxed on the profit that I make from my mutual fund account. For example if I made a 6% profit on my mutual fund. The government will tax me 25% from the 6% that I made as income tax. (How about if I loss money? Will I get more tax refund?)

2006-12-21 09:43:14 · 5 answers · asked by man 1

2006-12-21 09:28:40 · 10 answers · asked by Anonymous

I'm employed, 40 hr a week 9-5, but also have a Production Company. I have a ton of deductions for my Porduction Company and take them on my tax return. Do I need to register my "business" with anyone? I currently only have it registered with ASCAP, but not with any local, state, or federal agency. What is my best course of action?

2006-12-21 08:53:36 · 4 answers · asked by The Skizzanator 2

relocated from CA to SC due to cost of living. husband disabiled and was forced to retire. I also forced to retire early due to health conditions,. was in healthcare for over 25 yrs. need to know if we can deduct our moving expenses

2006-12-21 08:34:15 · 3 answers · asked by rfxdwg01 1

2006-12-21 08:15:09 · 8 answers · asked by SM M 2