United States - April 2007

I won a free trip in which the approx. cost is $5000.00. The catch is that the only thing that is to be paid are the taxes for the trip. I make $35,000 a year ( which I think puts me in the 25% tax bracket) how much would I be looking to pay ? Please help! Thank you!

2007-04-19 03:09:37 · 2 answers · asked by KLM 2

after the year is up

2007-04-19 02:44:15 · 8 answers · asked by barbara b 3

I see the IRS has a table to look up the STATE sales tax based on your income range. But what if you live in one of the UNLISTED states, then how to you know what number to use for the "Local general sales tax rate?" Many states have A, B, or C listed under the local section, but many states aren't listed at all. Please explain, with links if possible.

2007-04-19 01:14:03 · 5 answers · asked by breadbox 1

The tax code is so complicated and here is one example. please help. My sister is a Canadian Permanent Resident but she is coming to US to study as F1 student. I will provide support for her but I am not sure if I can claim her as my dependent on the tax return. Here is what I got from IRS web site:

"You cannot claim a person as a dependent unless that person is a U.S. citizen, U.S. *resident alien*, U.S. national, or a resident of Canada or Mexico"

1) F-1 students are generally treated as *nonresident* alien with the first 5 calendar years; However
2) my sister has been Canadian resident which seem to meet the citizenship test

Since the paragraph says "or" - I guess my sister meets the resident of Canada category? There is no explanation or anything to define :resident of Canada". Any pointers to articles or IRS publishes or answers are appreciated.

2007-04-18 21:38:13 · 4 answers · asked by whorl1quote1 1

2007-04-18 20:22:37 · 7 answers · asked by timambrozic 2

I want to be able to pay my sales reps a flat commission of $120 per sale. How do I set it up so the proper taxes are deducted from the commission check, but the rep recieves $120 (not $120 without taxes deducted)

2007-04-18 19:38:53 · 5 answers · asked by dgil0109 2

I am a US citizen and currently receiving grants becouse of low Adjusted Gross Income. Some of my friends in Turkey make money from their websites and receive these money via Paypal. They asked me to take out the money from Paypal and to wire the money after taking some commision.

Here are the questions:

Will I need to pay tax for the whole amount if I take out their money from Paypal and send them after taking some commision from the money? Also, do I need to pay tax for the whole amount or just for the commision? Will it effect my AGI, because I do not want to lose my grants.

Thank you.

2007-04-18 18:14:44 · 3 answers · asked by veni vidi vici 2

Anyone have any info on this? Is the paperwork easier than in the US? Any complaints?

No one in the world likes taxes. The people in the US have it worse because of the headaches the get when dealing with them.

2007-04-18 17:44:26 · 4 answers · asked by Anonymous

2007-04-18 17:05:38 · 5 answers · asked by Joel R 1

2007-04-18 16:56:29 · 3 answers · asked by winn3388 1

2007-04-18 16:45:09 · 5 answers · asked by plug 1

or just write in "0" ? i'm trying to help my son fill out his personal allowance form and can't remember how that goes. t.i.a. for your answers.

2007-04-18 16:44:19 · 6 answers · asked by shyanne 5

2007-04-18 16:39:55 · 4 answers · asked by mrbatty 1

Most come backs for having a gun is 'its for self-defence' but most of those people who say that threaten or/and kill randoms, or to get revenge eg. The killing in the unervestity on Monday!

2007-04-18 15:37:24 · 7 answers · asked by Shaza 1

I can't seem to find what the interest/penalty is for paying 1040 ES payments late. Is it a flat percent whether its paid 1 day late or 2 months late?? any help is appreciated.

2007-04-18 15:24:06 · 4 answers · asked by shellkay13 2

2007-04-18 14:19:04 · 7 answers · asked by Johnny W 1

I am going to get a tax REFUND. Does that make a difference?

2007-04-18 13:46:41 · 7 answers · asked by icu812 3

This is the FIRST year I had to pay----I was wondering how long before my check clears? A friend of mine told me it took a month to clear for her last year

With this little ditty and rent and student loans, it is going to be tight for a while.

2007-04-18 13:04:28 · 8 answers · asked by Anonymous

does any know if your a day late mailing off your taxes if any thing will happen i do not owe & do not have to pay. no smart a$$ answers i just had to sign and mail out i just got them back today from my accountant

2007-04-18 12:44:44 · 5 answers · asked by Anonymous

I own my home, and I have one roommate. I pay my mortgage monthly, and she pays me a flat check monthly for rent and utilities. Am I really supposed to report this to the IRS? How would I report it? Are there any tax loopholes? Thanks!

2007-04-18 12:43:45 · 4 answers · asked by thoir1845 1

i've read that it can take up to 3 weeks?? but this question is to anyone whose done it already... how long has it took for some of u folks??

2007-04-18 12:27:01 · 4 answers · asked by bigguu254 3

my W2's were lost and i finished doin them online today... but my friend told me dat they finished yesterday... so what happens since it wuz a day late??

2007-04-18 12:19:52 · 9 answers · asked by bigguu254 3

2007-04-18 12:05:21 · 4 answers · asked by Malik W 1

I will be working in Texas over the summer and was wondering how the state taxes work. How much can I expect to be taken out of my paycheck if the check is 720 dollars?

2007-04-18 11:21:04 · 5 answers · asked by stevey222 1

would this end poverty?

Lets say the Fed and state standard deductions were raised to 30,000 and companies could deduct low wage employees off their taxes. Would this creat full employment and end poverty?

2007-04-18 10:55:55 · 7 answers · asked by wisemancumth 5

2007-04-18 10:49:38 · 6 answers · asked by bleujai 1

2007-04-18 10:41:43 · 10 answers · asked by eric m 2

If you are awarded money from a law suit is it tax free? personal injury.

2007-04-18 10:27:19 · 4 answers · asked by smatts 1

The Supreme Court has struck down 2 attempts to levy a new tax on the people,and other than tax code and lower court decisions there is no actual law anywhere that I can find that requires me to pay for my labor."A persons labor is his personal property" according to the Supreme Court.

2007-04-18 10:26:02 · 11 answers · asked by Dave R 1

i will leave usa after a few monthes but i want to go to my country so what about my taxes? can irs send the money in my checking account in a bank out side USA
thanks

2007-04-18 10:20:34 · 5 answers · asked by Anonymous