United States - December 2006

My credit is a shambles, I owe the IRS and the state of CA almost 50K I have been out of work since April this year. The penilties and interest are growing like weeds. I'll never get it paid off at this rate. Is there somewhere, with someone that I can get a loan to pay off these and reduce the rate they are increasing. I have just started another job. My income is nothing to sneeze at, but I can't seemto qualify for any type of general type of loan.
Rick

2006-12-18 11:15:33 · 2 answers · asked by richardmuck@sbcglobal.net 1

2006-12-18 11:09:14 · 4 answers · asked by stonekingivan 2

2006-12-18 10:16:27 · 3 answers · asked by Anonymous

I am considering a job that comes with housing and food. The pay is low, but these benefits offset that by quite a bit -- depending on what it does to my taxes! I am neither clergy nor military. The job is in California. How do I compute taxes on these benefits?

2006-12-18 10:03:50 · 5 answers · asked by pj 1

I bought the truck new in aug 05. Traded it in around sept of 06 because my gas bill was reaching $500 a month. Bought a honda cr-v which gets much better milage. DIdn't want to give up my truck but felt like I couldn't afford to keep paying for gas. I traded the Truck in for 11,000 less than it originally cost a year ago. I feel like high gas prices put me in a position where I couldn't afford to keep the vehicle and had to take a big loss on it. I use this vehicle as a primary means to get to work is that or could that be a business loss or some other loss.

2006-12-18 09:46:18 · 6 answers · asked by Anonymous

ALso can you claim a 179 deduction on a tractor for use in this business. Do you have to have a business liscence or occupational liscence.

2006-12-18 09:36:01 · 3 answers · asked by Anonymous

please tell me all advantages and disadvantages.

2006-12-18 09:33:24 · 5 answers · asked by higherworldcivilianguy 1

I know there are some states with no state income tax, like FL. If i have an address in FL, but work in another state, do I get taxed or not? Also, some cities, like NYC have a city tax too. What if you work in NYC but live in the next city over???

2006-12-18 08:41:21 · 7 answers · asked by Anonymous

2006-12-18 07:55:34 · 7 answers · asked by Kyle S 1

I am well aware of the Hope Credit, but the wording under the Hope Credit says that it can be used for tuition and related expenses. Can anyone help me out on this matter, I'm trying to use every tax break I can here. Any suggestion on if this is Ok, and if there is anything else I may use?

2006-12-18 07:43:37 · 13 answers · asked by Andy 3

I'm currently in the process of trying to figure out how many hours I should work per week inorder to maximize my income. It seems like I make less when I work more so I'm trying to figure out how many hours I should work for maximized income/taxes. I dont think that its linear I'm pretty sure its curved any help would be good.

2006-12-18 06:48:01 · 4 answers · asked by Nobody 1

Which TurboTax Software fits me? With house mortgage and business.?
I have my own regular salary from work. I registed a furniture company (sole proprietor) in May this year but I haven't started the business yet. I went to oversea for looking for a good manufacturer last month.
1. Could I claim the travel fee, register fee and advertistment fee (for the company) as expenses?
2. I don't have any income from my business. Could I claim the above expenses from my regular income?
3. Which TurboTax Software fits me?
Thank you for all of you.

2006-12-18 06:01:46 · 2 answers · asked by YY 1

If I have a expense in 2006 and don't get billed for it till 2007 can I still use it on itemized deductions on Schedule A. We will be over the 7.5% of income. So like to get all we can.

2006-12-18 05:57:49 · 5 answers · asked by toddrws 1

If I am on public assistance do i need to fill out taxes still? Im never worked because of a disablity and have never filed out a tax form.
I have two daughters both on plublic assistance too (under 2)

2006-12-18 04:46:48 · 10 answers · asked by ? 3

I recently sold an investment property with some profit and if I use this money to payoff an home equity line on my primary residence, will I have to pay taxes on it?

2006-12-18 04:33:07 · 4 answers · asked by mrjoe4jrh 1

Some lower courts will try to uphold the 16th ammendment as the law. However, the Supreme Court has ruled the 16th ammendment DOES NOT allow the Government to tax income (income as defined by the constitution, the IRS does not define income in its code). So, why are we voluntarily paying this tax? I don't know about you but I could use the thousands of dollars the IRS is claiming illegally from me.

2006-12-18 04:12:37 · 21 answers · asked by Anonymous

2006-12-18 03:30:54 · 3 answers · asked by MARIA H 1

2006-12-18 03:14:33 · 7 answers · asked by Rez 5

2006-12-18 02:57:13 · 4 answers · asked by coachmpride 1

2006-12-18 00:56:36 · 7 answers · asked by lake_george_kid 1

My grandma died 3 years ago and willed her three houses and 5 acres of land to me I was only 18 at the time and had no idea what to do with it! I still don't know how to claim the property or the amount that I would have to pay if I did. does anyone have an idea of % they tax? Serious answers only please! Thanks =o]

2006-12-17 19:41:16 · 2 answers · asked by Amber Marie 2

So what do I do to collect for lost time? How do I get whats owed to me from all those missed years?

2006-12-17 17:27:33 · 10 answers · asked by Anonymous

hello friends...I just want to know what is the best way to get my Refund Fast..means how could i get Fast tax refund?? if your have any appropriate website or say any other useful resources then please let me know..thx in advance...

2006-12-17 16:09:34 · 8 answers · asked by Rhondy 1

Can I open an IRA for my child ( she is 6, off course she does not earn anything ) ?
If she has to earn and then only I can open an IRA in her name, then can I give a gift to her as an IRA money and open an IRA for her ?
In both the case above am I allowed to get tax deductions if I file joint return ? Please note that I will be claiming tax deductions on my wife's IRA as well.

2006-12-17 16:06:18 · 5 answers · asked by Jignesh S 2

For 2005 I never got my form, so I never filed. How can I get my money? And, Can I do it Online?

2006-12-17 15:35:30 · 4 answers · asked by WP Redux 2

www.BuySmartShopping.Com Gifts Exchange has been making a bundle. I feel like though I don't have to report anything.

2006-12-17 14:43:28 · 3 answers · asked by Anonymous

The couple lives in Michigan. The husband is contemplating moving to Illinois to accept a job that would require him to live in Chicago. His wife would continue to live in Michigan. Therefore, they would have to file separate individual tax returns instead of a joint return. All other things being the same, would they have to pay more taxes in total because of having to file separate returns?

2006-12-17 13:56:49 · 7 answers · asked by freelance thinker 2

I recently recieved money for the taking of part of my property by the DOT , for a road widening project . From what I've heard , I have two years to re-invest this money in more real estate of like kind . But I can't use it for anything else , otherwise , I must pay capital gains taxes on it . Is this accurate ?

2006-12-17 12:44:18 · 3 answers · asked by Lyn 2

2006-12-17 12:29:22 · 4 answers · asked by shell 1

2006-12-17 12:23:30 · 3 answers · asked by Boy 1