United States - April 2007

I have a new HSA, and I'm not sure how it works, it was established by my employer, and it says you can take money out, but if it isn't qualified you have to pay a penality tax, and how much, please don't answer if you don't know.

2007-04-23 05:10:54 · 1 answers · asked by francinebars 2

I just checked my refund status online and it said they are processing my refund and I should recive it by May 1st assuming I don't owe anyother taxes. When they say "other taxes" are they talking about federal, or will the money I owe Kansas for underpaying last year (2005 filling) delay my refund? If so how long usually?

2007-04-23 05:02:26 · 2 answers · asked by 13baseball31 1

2007-04-23 05:01:04 · 2 answers · asked by Anonymous

i'm going out of the country, and i'll probably only work like a 2 weeks. would it be considered tax evasion, if i don't file a tax return? or it doesn't matter? information urgently needed.i mean, so i won't have to come back and spend money to come back to do taxes and return. i mean they'll only take out a little bit of taxes.

2007-04-23 04:46:04 · 8 answers · asked by tupapi 1

I am looking at houses south chicagoland area and have checked the county websites and found no info.

2007-04-23 04:41:41 · 6 answers · asked by Baby61607 1

Example, i hired an expat employee. I incurred employment visa expenses and other related employment expenses for him. Can i capitalized it as part of prepayments which can be amortized? If it can be, what is the related IFRS standards? Thank you.

2007-04-23 04:15:03 · 1 answers · asked by Lovelie 1

Has anyone filed taxes for previous years? Whoever has, do you remember how long it took to get your federal check? I printed out 2005 forms, filled them out and mailed them along w/ my W-2s for 2005, and for federal, they had an option on there for direct deposit, and that’s what I did. It’s probably been a month since I did it. I got back my state refunds for both 2006 and 2005. I’m just wondering how long I should expect to have to wait for my 2005 federal refund.
Thanks for any info that might help.

2007-04-23 04:00:42 · 5 answers · asked by book_1958 2

I was 20% shareholder in my fathers tannning salon business. When he sold the business he paid me 20% of the profit, which came to 58,000. I thought it was pre taxed but it ws not. Im scard that if I dont ammend it on my 2006 taxes that my father will be audited. It was a LLC. We live in Indiana.

2007-04-23 01:12:52 · 4 answers · asked by Anonymous

There is no mandated law that requires taxation? The supreme court agreed in 1898 and 1913...Further, the only writing about it says that it is "voluntary cooperation". So why do we pay?

2007-04-22 21:10:48 · 11 answers · asked by Anonymous

Hello,

I just got laid off from my job 2 weeks ago and well I don't know much about taxes and stuff but I do know that I should be getting back a W2 next year, now the businness filed bankrupcy and just picked up left the State (Also didn't pay me at the final week of their business), so how do I optain a W2 Form from them? or does the Goverment mail it to me?

Again, I appoligze I don't know much about U.S. Taxes.

Also, My Step Father is NOT going to claim me next year, (Im 19, live with GF parents, they don't want to claim me under their taxes) he already Claim this year, so can I put down "1" starting now on all W4's? (Sorry but I didn't get an answer from the previous post)

2007-04-22 20:45:15 · 5 answers · asked by HiFi 1

I have recently started my own business and im trying to find the easiest way to keep up wit tax deductions for next year, and how do i do all this???

2007-04-22 20:26:58 · 5 answers · asked by starsunmoon30 1

2007-04-22 20:01:42 · 4 answers · asked by pink2strap 1

I am currently up-to-date with payments on federal balance.

2007-04-22 19:56:17 · 3 answers · asked by ucla bruin fan! 4

2007-04-22 19:16:12 · 3 answers · asked by daniel d 1

Okay, maybe this is stupid. But I'm looking for every possibility for next tax season. I walk dogs in a hot Southern city and NEED energy drinks to make it after being jerked around by rowdy dogs all day. And these drinks can add up--they're not cheap. Any chance they can be a business expense? Thanks.

2007-04-22 18:38:46 · 5 answers · asked by myrmidon 2

Hello - I recently got married (mid '05), but didn't change my withholding until last year. We were originally worried that we'd get nailed with a hefty tax bill last year, as we were both withholding 2, single. Turns out we only owed $500 federal, and a small amount for state. So early in 2006, we both updated our W-4's to married jointly. My wife was between jobs, and was making a career move - we saw that our total income was going to drop, and thought withholding 1 for both of us would be fine. Our 2006 total income (before adjustments) was about $15K less than 2005 - so I thought we might even get a refund.
We were right, for our state taxes at least - refund of +$400.
For federal, however, we owe $3100.
My mind boggles at the insanity of this. Is this the dreaded "marriage tax" in effect? How in the hell could this happen? I filed through H&R Block's website - and I checked and rechecked my return before submitting - and so now I might even owe a penalty? What gives?!?

2007-04-22 18:17:04 · 1 answers · asked by cocteaux 4

2007-04-22 17:43:43 · 3 answers · asked by SA Aggie 2

Anyone have details on this?

2007-04-22 17:27:48 · 2 answers · asked by cheeeehooooo 1

I recently won $3000 on a poker site, not based in the United States. Will I need to claim this on my taxes at the end of the year?

2007-04-22 16:22:43 · 9 answers · asked by Joe Bonarman 2

a will is set up by the father it has (2) trusts (a) & (b) then some of the other properties have the mother as the owner. when father passes DOES IT MEAN THAT ANY PROPERTY THAT DID'NT HAVE MOTHERS NAME is split 50-50 between(a&(b trust?????

2007-04-22 16:12:45 · 3 answers · asked by big_daddy 1

For financing purposes on an investment property, I sold my partner all but 1% of my shares (no compensation was received). My CPA tells me that this will trigger capital gains treatment on my negative capital account. Can't my 1% ownership fully retain that negative capital account?

2007-04-22 16:12:32 · 3 answers · asked by Mitt 2

my husband and i were separated last year my son stayed with him and he got audited he needs to pay back. i don't think this is fair what can we do? we sent in all the info but they denied it. HELP

2007-04-22 16:12:02 · 3 answers · asked by s8nt22 2

I have a stock account and am looking for the best way to make the most of my return (after tax). If I make 10% return this year (let's say $100) . How much would I have to pay in taxes (what is the rate)? If I converted that account into an IRA or Roth IRA or some other account (can I do that?)...how much would I have to contribute monthly and how much tax would I have to pay at the end of the year (on that return)? If I cashed in early on those IRAs (sold some of the stock and took the cash and bought, let's say, an apartment), what penalty rate would be applied to that withdrawal?

This basically boils down into: Is it better to hold stock in a regular (i.e non IRA etc) account (so I can withdraw $ whenever I need to) and pay tax on that, or hold it in an IRA (or other type) account and then pay the penalty, if I need to withdraw?. Any advice is appreciated. Thanks!

2007-04-22 16:00:54 · 4 answers · asked by Anonymous

Only my state income W-2 box 16 changed.

2007-04-22 15:57:42 · 3 answers · asked by sj b 1

We are facing foreclosure on tuesday on our home, the people have not payed the property taxes in a while and we need to pay it before tuesday...is there any way we can extend the due date, or anyway we can stop this from happening?? please any help is really appreciated

2007-04-22 15:54:37 · 3 answers · asked by Anonymous

If a person is receiving a non-taxable retirement income in California, will it still be non-taxable in other states, such as Tennessee or Mississippi in regards to state taxes?

2007-04-22 15:34:51 · 4 answers · asked by confused and unsure 1

My property appraised at $100k before I rented it out. 4 yrs later, I suspect it would appraise higher - how can I change the basis for calculating depreciation? I am going to move back in for ~5mo this year, then rent it out again. Can I get it appraised and go with the new basis then? THanks!

2007-04-22 14:28:13 · 9 answers · asked by tackage 1

This table shows the tax rates for a single taxpayer in 2002.

Tax Rate Tax Bracket
10% $0 - $6,000
15% $6,001 - $27,950
27% $27,951 - $67,700
30% $67,701 - $141,250
35% $141,251 - $307,050
38.6% Over $307,050


2.4. An accountant claims that she has found a legal way for the single individual who earns $100,000 to shelter $1 of taxable income. (Sheltering some income means avoiding income tax on that income. For example, someone who has $50,000 in income and shelters $10,000 pays income tax only on $40,000.) What is the maximum amount that the single individual earning $100,000 is willing to pay to learn this strategy and reduce taxable income by $1?




A. $0.50

B. $1.00

C. $0.30

D. $0.24

Please tell me how you got to the answer, so i can learn to do this on my own

2007-04-22 14:25:37 · 3 answers · asked by Aditya G 1

I have a business and I have spent a good amount of money to obtain copyrights on the work that I produce. I assume that I can deduct this as a business expense. However, the government doesn't issue me a receipt for this expense. How can I show proof to the IRS for this expense?

2007-04-22 13:39:42 · 3 answers · asked by Johnny K 1

2007-04-22 13:35:29 · 10 answers · asked by nc_kickz 3