United States - December 2006

i pay an accountant about 125 bucks a year (i file in 2 states)...if i go with turbotax, than i am still paying like 75 bucks. what is the point? he is just filling in blanks looking at my W2 and such...right????

2006-12-12 03:42:38 · 18 answers · asked by skyth 2

I'm curious, I heard of both famous and nonfamous people not paying their taxes before. But I've also heard about them not paying them for years and years, so I'm curious how long do you have to go without paying taxes before the IRS goes after you and you are threaten with prison life? I mean it's bad enough that people who pay taxes after April and May (federal and state) have to pay a fine, so how do others get out of paying taxes for years?

2006-12-12 03:15:40 · 5 answers · asked by Anonymous

i guess i'm just not sure about how the federal witholding works??

2006-12-12 02:57:06 · 4 answers · asked by joey322 6

What does this closing statement mean exactly?

"It WAS your money... but it's gone!"

How exactly will honest people suffer for their mistake?

2006-12-12 02:55:16 · 3 answers · asked by Anonymous

Tax question—

My client donated a boat on August 1, 2003. He received an appraisal on the boat 1 week before for 395,000. After donating the property the charity sold the boat for 135,000 on August 8, 2003. IRS has disapproved the 395,000 and says the deduction can only be 135,000 and want 100,000 right away. Any help regarding this issue would be greatly appreciated.

2006-12-12 02:51:08 · 2 answers · asked by petemarsocci 1

I applied for unemployment with a claim on Nov. 21. I received a statement in the mail last week saying that I was ineligible in this state since I worked in Chicago, but they gave a WBA and an MBA for IIllinois instead. I went to the office in my state and filed an interstate form, so now do I have to wait another whole month before they begin to disburse any payments, or do the count the weeks I was waiting beforehand, as I put down the job I had in Chicago the first time, so it was obvious I wanted benefits from that job, not from a job in my home state.

2006-12-12 02:29:11 · 2 answers · asked by terrence_20_21 1

I’m retired and receive income from a pension, social security and also other income from an existing IRA that gets reported on form 1099R.

2006-12-12 02:21:33 · 4 answers · asked by robert k 2

Is it like 5% or something or is it all based on weight and such

2006-12-12 02:05:40 · 2 answers · asked by DznyGrl 2

I recently got married to a woman with a 2 yr old. Obviously this changes my tax standing. I make ~57k/ year and she makes ~30k/year. Last year's W-4 (when I was single), I took 1 deduction, me. She took 3 (herself, her little boy, and head of household). FYI: Something I just learned in the difference between last year's taxes, and this year's.....the marriage penalty tax is a killer. Anyway, I've been re-evaluting how we should set up our W-4s. I've been to the IRS's website and used their calculator. It said the dumbest thing....we should both claim 0 and actually have $166 removed from my paycheck. This obviously doesn't make since that means they will be taking even more out our paychecks and we're getting a refund now as it stands. Did the W-4 paper worksheet, and it said to claim 0 and have $10 taken out. Went to H&R Block's website calculator and it said for me to claim 10 and her claim 7. This makes no sense. We are trying to avoid a refund and oweing. Ideas?

2006-12-12 01:56:04 · 3 answers · asked by scotty_b_1976 3

i am writing my position paper, on the tax dilemma in Niagara County, NY, and need two positions in solving the case, does anyone know where I could start??, like a possible solution, or where I should go to find out??

2006-12-12 01:41:42 · 1 answers · asked by babyhuggs89 1

I should not have any property tax, I own a moped and have already paid taxes on it. Your immediate attention to this matter would be greatly appreciated. Thank You Ronald R. Pugh
key number 2006-0-PP-6431190

2006-12-12 00:55:44 · 1 answers · asked by theportigee42 1

If I made $24,000 gross income, and I claimed myself, and had $4,300 taken out for taxes should I receive anything back? Also when I sign up to get my taxes electronically does that mean I have to get them filed over the internet?

2006-12-11 19:19:06 · 1 answers · asked by sbravens35 2

im single, 26, pay about $7500 in rent a year, have zero exemptions, live in CA. and have already paid $10,000 dollars on earnings of $40,000. What should I expect back?

2006-12-11 18:13:56 · 6 answers · asked by jygolfer_72 1

If I am Canadian and my husband is American and he files his income tax for Canadian ONLY source income as "Married filing seperate" does he need to put any of my information in there or can he leave the spouse information blank since he isn't claiming for any tax credits other then the Canada/US Tax Treaty?

2006-12-11 17:14:36 · 2 answers · asked by Jacq 2

2006-12-11 16:55:55 · 4 answers · asked by Anonymous

He is marrying someone who makes about $35,000 and she will be claiming 3 children on her taxes. They are debating whether they can get married this year or should they wait until 2007 for tax reasons. Will it make any difference on taxes? He thinks getting married this year will hurt her tax return. Does she need to remain single for the rest of this year for the best tax benifit?

2006-12-11 16:44:39 · 3 answers · asked by when and how 4

Thanks for any assistance you can provide!

2006-12-11 16:38:57 · 2 answers · asked by J M 1

If you won the lottery or who wants to be a millionaire or the amazing race, etc. is it true you would owe 50 percent to the U.S. government as tax...?

2006-12-11 15:12:29 · 29 answers · asked by kewtber 3

So i get 7.25 an hour and im 16 years old. How much do I REALLY get? like 6.75? or like 6.80 or what plzz tell me

2006-12-11 14:24:05 · 5 answers · asked by Anonymous

A friend of mine just recently lost her job. The way her search for another job is going, she's sure she won't be working again until after the holidays. Can she file her 2006 return now?

2006-12-11 14:18:25 · 4 answers · asked by qtpisunshine 2

I know with friends that have children that receive about $3000 back in taxes for the year when they file. Do you get more money back being married? We got married in January this year so always filed separately and in previous years have only gotten back a few hundred, if that. Would we get more now? We both made approx. $18,000 each last year.

2006-12-11 14:05:04 · 4 answers · asked by Anonymous

And if they sell the home, how will there taxes be calculated

2006-12-11 13:54:26 · 3 answers · asked by Anonymous

what about if i make 942.40 and claim 2? This is in Texas.

2006-12-11 12:59:27 · 2 answers · asked by TXHIMstudent83 1

Hi, i got the 1099-MISC forms from the IRS. Now do I fill it out for every transaction and give a copy to the agent or do I wait till the end of the year and send one copy to the agent and one copy to the IRS? Thanks

2006-12-11 11:37:40 · 3 answers · asked by A Real Man 2

A.It is less than the investor’s actual tax rate.
B.It is more than the investor’s actual tax rate.
C.It is not affected by the investor’s actual tax rate.
D.It must be equal to the investor’s actual tax rate.

2006-12-11 11:18:59 · 2 answers · asked by pretty smile 2

I had to pay in on my taxes last year, but I doubt I will this year. I am not sure. I guess I should meet with my tax preparer before the year end? Anyway, I have given away about 1, 070 for a friend who needed help when his home burnt and the church took up an offering. I also gave him a lot of items from my home that would probably equal up to at least $250 or more. Anyway, I hope I can take that off of my taxes. I don't have a lot of money left to donate, but I would like to sponser a very needy child at school, this Christmas season. I would like to spend money on her, rather than paying into the government, if I have to pay in this year.
What advice can you give me. Thank you.

2006-12-11 11:14:44 · 4 answers · asked by just julie 6

i have 2 dependants and i claim head of household.

2006-12-11 10:42:29 · 4 answers · asked by DESIREE W 1

2006-12-11 09:48:12 · 3 answers · asked by emily051405 2

upper income familes what will be the policy option ?

2006-12-11 08:35:24 · 2 answers · asked by owen o 1

taxes

2006-12-11 08:33:23 · 3 answers · asked by owen o 1