United States - April 2007

2007-04-22 12:40:37 · 6 answers · asked by Anonymous

Hi. I'm single and I'm filling out my w-4 form. When I did my taxes this year, the guy told me that next year I would owe money if I didn't have more taxes taken out. So that is why I'm filling out a new one at work so I can have more money taken out. Should I claim zero? Currently I'm claiming one. There is also a spot to have them take extra and I don't know if I should do that as well.

Additionally, if I fill all the things from A to H then I'm supposed to put in that amount below - but that makes me claiming too many. My son is 18 and makes a lot of money, so I prob can't claim him next year. So I'm confused if I should put that amount below even if I want to claim zero. Please help!! Thanks!

2007-04-22 11:49:41 · 4 answers · asked by Sha Sha 2

Im sick of paying ridiculous monthly fees for taking a bus to the city every day, so Im thinking of taking the little shuttle buses that run in the downtown section of my town for less money. The problem is, these little immigrant buses dont give receipts for riding their bus, you just pay and go to NY. Will I still be able to put the money i spend on the ride as a tax deduction next year?

2007-04-22 11:49:30 · 5 answers · asked by Bool 2

2007-04-22 11:13:10 · 3 answers · asked by naidan23 1

I have capital loss carryover from previous years in my individual trading account.
If I open a joint account with my wife, can i still apply/deduct the old capital loss carryover (from individual a/c) against my profits in my joint a/c ?
or is there any restriction that i can only apply my capital loss carryover against my profits in my individual account?

2007-04-22 11:09:21 · 2 answers · asked by springs50 2

I want to contribute toward the tuition of a graduate student who is unrelated to me. Is it possible for me to get a tax break of some kind?
Do they have to set up some sort of fund?

2007-04-22 11:04:10 · 3 answers · asked by herycz 2

2007-04-22 10:46:25 · 3 answers · asked by herycz 2

Im 16 and make $10K+ per year, btw.

2007-04-22 10:06:58 · 8 answers · asked by Anonymous

We recently found out that the IRS is garnishing my dad's social security check as well as his part-time paycheck due to previous unpaid taxes. Is this something they determine by a percentage? He has had emergency heart surgery, several complications, and it doesn't look like he'll be getting back to that part-time job. So would the IRS take less out of his social security check now? He won't have enough to live on if they don't decrease what they're taking out. Thanks for any help out there.

2007-04-22 09:41:36 · 5 answers · asked by georgia_peach 2

2007-04-22 07:38:20 · 2 answers · asked by pdrltda 1

Okay, so I owed $601.00 last year to the IRS. I entered a payment plan where I was paying $50.00 a month. Everything was going well, but then I had a new Student Loan to start paying on. I kind of let the IRS Payments go. Now, I got my taxes done this year and I owe $2437.00. I want to pay these amounts, but I am a little scared. If I write them a letter of apology and explain to them what happened and tell them that I want to pay it, and maybe send like $100.00 or something with it, do you think they will give me a second chance? I know there will be fees and penalties, but do you think they would let me have another chance to pay?

2007-04-22 06:43:04 · 5 answers · asked by buebla 1

2007-04-22 05:46:30 · 2 answers · asked by CP 2

2007-04-22 02:32:19 · 6 answers · asked by Anonymous

2007-04-22 02:30:06 · 6 answers · asked by Hennie 1

Hello,

I am 19 years old, My Step-father claims me under his taxes and well I just got a job (I dont go to school) and my manager made me fill out this W-4 Form and he then asked me "Do you want to put down 0 or 1"? Now I don't know which one to put down, I mean I know "0" gets you back more money at the end of the year but with "1" you get little back but more in your paycheck.

Also, I don't leave my step-father anymore, I am staying at my Girlfriend's parents house (in which they don't want to claim me under their taxes).

Even tho my Step-father claims me, can I put down "1"?

2007-04-21 21:51:10 · 7 answers · asked by HiFi 1

any/all info. types/how paid/loop holes

2007-04-21 20:22:37 · 5 answers · asked by DOG_MA 1

When I receive a payment - I get a percentage taken out for transaction fees for credit card processing. Do I calculate the sales tax I owe against the full amount of the purchase or after the transaction fees have been taken out?

2007-04-21 18:42:33 · 3 answers · asked by JD 2

I moved since I filed for the state tax return in MS. On their computer the refund check was already sent out. I was wondering if they allow the refund check to forward to the address if I request it at postoffice. I tried to call MS tax people, but the line was always busy and I was never able to talk to anyone there. If anyone knows please help!!

2007-04-21 16:34:05 · 4 answers · asked by sam 1

About 10 years ago I bought a piece of land for $58,000 zoned residential in a rural township in the upper midwest. The tax bill should be around $1300/year. ------------------------- The third year I owned it the tax bill was for a different piece of property for only $130. I notified them, they corrected it, and I paid the $1300. The next year they had corrected all the information on the tax bill - except the value. So I got another bill for $130 and have every year since. ------------------------------------- Originally, I had planned on building a home there but due to unforeseen changes in my life I'm considering selling it. What is going to happen when I go to sell it? Will I be reponsible for the approximately $10k they short-billed me? (I am also posting this in the real estate category)

2007-04-21 15:37:40 · 4 answers · asked by fishbulb 3

2007-04-21 15:09:43 · 4 answers · asked by Anonymous

Can someone tell me the step by step process of donating clothing to goodwill store or similar style places and bing able to get the tax deduction. I have to use the long form for tazes anyway so might as well get the deduction if I can. Oh, This is mainly for used clothing and household goods. Good clean stuff thats left over from multi family house cleaning and yardsale.
Thanks!
I've never donated anything to get the deduction before, my prvious deductions have been drop offs. So I dont know what to expect.Also, Does it matter for taxes when the donation takes place? Such as there is a goodwill store close by in the next state.
Thanks again for any helpful answers!

2007-04-21 14:37:43 · 5 answers · asked by Corinne 2

I never claimed my son in my 1998 taxes.
Is it possible to claim him now and get the money?

2007-04-21 13:52:09 · 6 answers · asked by cdf 1

2007-04-21 12:47:49 · 3 answers · asked by cc rider 2

I am working Min wage, and I want to know the percent of tax in Oklahoma for
FICA EE
MEDICARE
RED W/H
OK W/H
P.S.
I work for Dollar General

2007-04-21 12:40:42 · 3 answers · asked by Anonymous

I am thinking that if I could do the above, my home repairs, and many other expenses would be tax deductible come tax time :)

2007-04-21 12:23:03 · 9 answers · asked by Michael C 1

2007-04-21 12:06:22 · 8 answers · asked by Anonymous

Should I call one of those debt consolidation companies and see what they can do for me? How does that work? What will that do to my credit? How long will it be affected for? Will I still be able to use credit cards?

2007-04-21 11:54:17 · 2 answers · asked by nycoolman 2

I received a K2 form and lost $8200 for year 2006. However I filed a joint return with my spouse for the first time and reported I didn't make any income. What can I do?

2007-04-21 11:50:02 · 10 answers · asked by nycoolman 2

What does IRS FORM 656 do? Will I be getting some sort of discount to pay off my balance of taxes due from 2004 and 2005 if I fill out that form?

2007-04-21 11:47:49 · 9 answers · asked by nycoolman 2

2007-04-21 11:09:38 · 13 answers · asked by Anonymous