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United States - January 2007

[Selected]: All categories Business & Finance Taxes United States

The constitution includes a rather confusing directive with regards to taxation:

Art. 1 Section 8: "The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States"

Art 1 Section 2: "Representatives and direct taxes shall be apportioned among the several states which may be included within this union, according to their respective numbers"

Art 1 Section 9: "No capitation, or other direct, tax shall be laid, unless in proportion to the census or enumeration herein before directed to be taken. "

A constitutional amendment, #16, was required to allow for income taxes to be levied in the U.S.

More info can be found here: http://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution#_note-2

Please try to support your case with relevant evidence.

2007-01-11 05:18:26 · 5 answers · asked by Charlie W. 2

I am a married women with three kids under 6 and have a morgage is there any web sites I can look at to make sure I am going to get the maxium refund?

2007-01-11 05:14:35 · 2 answers · asked by ompie 3

2007-01-11 05:02:49 · 3 answers · asked by Muse 1

I just filed my taxes at H&R Block and forgot I held another job for a month early in the year. I just got the W-2 mailed to me and now what am I supposed to do? Am I in trouble?

2007-01-11 05:01:26 · 8 answers · asked by El Tigre 3

If I have a 401k and stock options with my employer, do I need to wait for any seperate forms besides my W-2 to file my taxes?

2007-01-11 04:55:38 · 3 answers · asked by drgnfli808 2

Why should someone put money into a Roth IRA when there is no guarantee that the Congress will not take away the tax benefit in 10, 15, or 20 years? It taxed now when you put the money in and could be taxed again when it is disbursed in the future.

2007-01-11 04:50:40 · 3 answers · asked by Patrick C 3

I've paid over 2k in Taxes. It's me and my two kids. But Oregon has their own taxes that are taken directly out of the paycheck.
I am filing head of household with my kids as dependants.
Anyone know how much that would be?

2007-01-11 04:49:04 · 2 answers · asked by lividsorrow 2

My husband and I recently filed bankruptcy in 2006 together. Since income tax season is coming up, I am wondering if I have to file our income taxes as married, or can i file married but seperate. We have seperated but still remain married as of today. Any suggestions?

2007-01-11 04:33:45 · 7 answers · asked by Curious Person 2

My ex-husband died in Dec. 6, 2005 and our children receive death benefits from the Soc. Sec. Department. I am not sure if the benefits count as taxable income or not.

2007-01-11 04:33:33 · 4 answers · asked by yellowdaisey1002 1

I use my car to show multiple appointments each day around the property constanly and I have to make several trips to the office. The only thing is I did not keep receipts for mileage or oil changes or other car expenses. What can I do and can I receive more money back because of this. I dont own a home or property or have any kids

2007-01-11 04:27:46 · 7 answers · asked by Derrick S 1

Do I state that I am married? Or do they file me as single for 06'

2007-01-11 04:14:54 · 6 answers · asked by need_help 1

i just found out I screwed up on my 2005 and owe the IRS. Oh well such is life, they sent me the paperwork to do a payment plan and that is what I will do. My question is will this effect my refund I should get this year or do they keep things seperate unless I default on payments? Please only serious answers!!!

2007-01-11 03:59:42 · 4 answers · asked by Needingsomeadvice 4

2007-01-11 03:46:17 · 2 answers · asked by season7780 3

I ordered goods for my business on 12/31/06 but it didnt show up on my bank statement until 1/8/07. Can I still deduct these business related goods/items on my 2006 IRS 1040 tax return?

2007-01-11 03:13:39 · 5 answers · asked by thone 2

2007-01-11 02:56:58 · 4 answers · asked by Lady Singletary 2

2007-01-11 02:52:15 · 5 answers · asked by Anonymous

I am 18, i have two jobs, and i live in my home, well with a roomate but not with my parents. I know i can't file head of household but can i file myself. Is there anything else?

2007-01-11 02:30:56 · 4 answers · asked by terjar4 1

I bought my first home about 6 months ago. I make around 50k per year. I usually claim single 0 on my W4. After I bought my house, I claimed single 2 just so I could have a little more disposable income and put some home improvements in. Now that we're about to get our W2's, I wanted to know if I'm going to wind up owing money to the government because of the switch on my W4?

2007-01-11 01:55:00 · 2 answers · asked by Snuggles123 4

I just returned from a trip to Asia and bought some lottery tickets. As expected I didn't win a dime. I got to thinking though, if I had won, would I have had to claim it on my federal income tax? Just wondering, does anybody know? Thanks.

2007-01-11 01:54:03 · 5 answers · asked by Julie A 3

According to the rules , I can file Head of House because I cover more than 1/2 of my parents expenses. I could claim them as dependants, but I don't want to. Can I still file Head of House without listing them as dependants?

2007-01-11 01:32:41 · 1 answers · asked by barclayliving 1

2007-01-11 01:30:57 · 1 answers · asked by Anonymous

A colleague and I would like to start our own accounting/tax practice, but need to understand what it costs to get started. What are typical costs that you incur?

2007-01-11 01:21:23 · 2 answers · asked by Amy L 2

I made about 12 thousand dollars in two months but no taxes were withheld then I was laid off and got unemployment for the remainder of the year, should I try to file? I had a baby during the year would it level out or will I pay?

2007-01-11 01:09:34 · 7 answers · asked by jimmys2277 1

Information To Claim Earned Income Credit After Disallowance, Were you audited again or what happened?

2007-01-11 00:59:28 · 1 answers · asked by Meche 5

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