United States - April 2007

We used it for our taxes, but still need it to fill out state. Should we ask the company for another copy?

2007-04-12 15:25:36 · 5 answers · asked by Miss America 4

I know that we would need to spend the 11,000 or so in adoption expenses in order to get that matched in credit, but how does the tax credit actually work? If we fill out our taxes and we are getting a refund of say $500, do we get the credit on top of that or do we have to owe money in order to receive any of the credit?

2007-04-12 14:51:20 · 3 answers · asked by taking a trip 2

When you sing tax form it is with the understanding that if you file false information or purjur yourself you can be proseuted..

Since you can have 4 different tax professionals do your taxes and all will come out with a different answer and you can ask the irs for help but by thier own amission the people in the irs dont understand the codes well enough to help, than how can all of this be legal? Under the 5th amendment of the US constitution dont i have the right not to self incriminate?

2007-04-12 14:49:57 · 2 answers · asked by winetaster6 2

2007-04-12 14:44:07 · 2 answers · asked by zette2915 1

If I lost my original W2 forms, can i send it copies of it?

2007-04-12 14:41:08 · 1 answers · asked by aznfro54 5

2007-04-12 14:30:25 · 7 answers · asked by Sue C Q 1

I have a traditional IRA with $10,119 in it and I would like to withdraw this money to buy my first house. According to the IRS website, I can take an early withdrawal of up to $10,000 for a first house without paying the 10% penalty. If I withdraw the full amount, would I only be charged the penalty on the $119 or would I have to pay it on the $10,119 since it is more than the maximum amount I am allowed to withdarw without the penalty?

2007-04-12 14:22:04 · 5 answers · asked by Beaker 1

I am 18 years old and have a checking savings account and own a credit card. I worked for my dads friend and he just wrote me a check for a job. It happened couple of times and ammount wasnt big either. He never mentioned anything about taxes. There is no real proof that I worked for him
What should I do?

2007-04-12 14:07:44 · 7 answers · asked by D M 1

How can I calculate point of diminishing returns for overtime net pay?

Workers earn a base pay of $26.55 per hour for a 40 week. Some workers work as much overtime as they can get, others only work 10 of overtime or less. The reason has caused a debate over the point of diminishing returns for working over time due to the amount of taxes that is taken out of the pay check after 10 hour. Basically it seems that the ratio between net pay and hours worked starts to drop after 10 hours. This is due to tax brackets, and the tax brackets are based on the IRS formW4 exemtions claimed.

So how do I get the numbers for the tax brackets based on all combinations of exempts, so that I can make calculations for point of diminishing return? I want to be able to graph hours worked and net pay after taxes.

Gross pay is ease to figure
40 hours x 26.55 x 1.0= $1062 (no overtime gross)
45 hours x 26.55 x 1.5= $1792 (5 hours of overtime gross)

how do i apply the federal tax withholdings?

2007-04-12 14:00:20 · 3 answers · asked by daddeo01905 6

I received a a percentage of the estate for acting as a non-professional personal representative. It was for an individual and did not include a business.
Which form to I use to declare this on my personal income tax as income?
Federal and Wisconsin if possible

2007-04-12 13:27:33 · 1 answers · asked by Paulymon 1

Is there a certain way to attach them?

2007-04-12 13:23:44 · 5 answers · asked by Anonymous

2007-04-12 13:23:28 · 1 answers · asked by Suzette 2

Some 40 yrs. ago, the corporations in America paid an avg. of about 20 to 25% of Net profits; the avg. Joe paid about 7-10%. Today, You, Joe and I pay anywhere from 22 to 38% and the top 1000 corporations pay 2 to 0.0%, (actually, many get $$$ back from Uncle Sam). Did you get a $1.2 million dollar chk. back from the IRS this year?

2007-04-12 13:19:50 · 3 answers · asked by kip k 1

My husband and I both do work on the side (of my regular, salaried job) as independent consultants throughout the year. So far we've made about $10,000 -- so we know we have to pay estimated tax at least on that at least.

But there's a possibility we'll make up to 30,000 more over the course of the year -- but it's hard to know for sure what the rest of the year will look like. My husband may get a full time job.

SO... should we base our April estimated taxes on 40,000?? (It's about $2500 per quarter.)

WHAT HAPPENS if we end up making a lot LESS than that... are we still obliged to pay $2500 every quarter?

What happens if we win the lottery and suddenly have to pay a lot more than that??

It seems crazy to me that you are supposed to guess how much money you'll make all year in April to determine estimated tax payments.

I know you can use the Annualized method, but that still assumes you know how much you'll make total -- and just divide it differently.

Help?

2007-04-12 13:10:12 · 4 answers · asked by Alexa 2

She has no social security # but she has an ITIN#.

2007-04-12 13:03:54 · 3 answers · asked by Anonymous

I just filed my taxes... I owe almost the same amount in federal that I am going to be getting back from state... I can't afford to pay my federal taxes on time... Is there any way that you can have the state send your refund right to the federal government to cover your federal taxes?

2007-04-12 12:45:53 · 5 answers · asked by travis R 4

Tax Inquiry: I am an writer who has pulled down over $250k from major publishing companies over the past 18 months. Only this money has been deposited in a company bank account; a company which pays every expense having to do with publishing my work and operating the same. I have never received a pay check or salary from the company (an LLC) and have been struggling to get ahead (out of the black) over the past 3 years. Being a writer isn't all it's cut out to be! Meanwhile, I also don't have a personal bank account, nor do I have any assets to speak of, unless you count my written work.
My question is: should I be filing taxes?

2007-04-12 12:44:37 · 5 answers · asked by Rel 1

i also dont get a w2 i get a 1099 because i am self employed

2007-04-12 12:19:22 · 4 answers · asked by ericamandella 1

2007-04-12 12:16:59 · 3 answers · asked by alan_smith_999 1

If I have 10k earning 5% in a money market account, do I need to pay quarterly estimated taxes, and if so, how much? What if it is 100k? 500k? $1,000,000? $5,000,000? None of this makes sense to me. I ask some people they say no, I ask other people they say yes. And if you do have to pay them, where do you send the money?

2007-04-12 12:03:50 · 8 answers · asked by Anonymous

2007-04-12 12:00:35 · 8 answers · asked by Anonymous

If so, how much revenue would be generated?

2007-04-12 11:47:08 · 12 answers · asked by Anonymous

2007-04-12 11:40:50 · 6 answers · asked by the kid 2

If I were to work for a tutoring company that pays hourly on a contracted bases and they don't take any taxes out of the paycheck, how would that work on your taxes come tax time? It sounds great, however I don't want to get "screwed" at tax time and have to pay a boatload in taxes on that income. Just trying to figure out if it is worth it to work on this basis....thanks for all the help!!

2007-04-12 11:19:56 · 4 answers · asked by Meg B 1

I've been filling out the tax forms, and I worked as an independent contractor last year AND had a different job using a W2. I've figured out the taxes for the W2 job, and I think I've completed the taxes for the independent contractor job (using 1099-MISC and Schedule C). I'm just wondering it there are any deductions that can be applied to the self-employment tax. I've already made my deductions on business related expenses (car expenses, supplies, unpaid debt owed to me), but I was wondering if there's anything else. I am eligible for the Lifetime Learning Credit, but from what I understand, that's only deductible for the W-2 job.

Is there a way to claim dependents or exemptions from self-employment tax? I have two exemptions. If not, why is it that self-employment tax doesn't use exemptions?

I know it's a lot of questions...just trying to figure things out. Thanks!

2007-04-12 11:03:49 · 3 answers · asked by annabanana4883 3

Our income increased this year due to increase commision. I would have thought acct. would have seen this coming but now he says we owe 15,0000 + federal tax. We did the proper withholding etc. What could my husband have done differently to avoid this. Is it our own stupidity or acct. error or just fact of life. The accountant says it's this AMT tax. Seems to me it would be better to just earn less or atleast my husband needs to plan better cause we have not got 15,000. And he wants to use my inheritance to pay it till he gets paid again next year. Am I being ripped off and by who. Help please...

2007-04-12 11:03:33 · 5 answers · asked by lyda 1

Hi,
have completed the 1040EZ, but I do not know which other form I need to complete. I am preparing this form my brother. Please let me know.

2007-04-12 10:00:28 · 4 answers · asked by alicia 1

My husband has tax lien judgement 5 yrs ago and he hasn't paid it off yet. We've filed income tax return for the past 3 yrs and the IRS never sieze the tax refund money. How can I find out if the lien still exist? and how can I settle it with the IRS?

2007-04-12 09:59:00 · 5 answers · asked by poohbearprince 2

Please keep in mind, filing for 2003 NOT for last year. What is the postmark date for this and still be eligble for refund?

2007-04-12 09:53:33 · 1 answers · asked by ? 6

If so, where can it be deducted, on which form/schedule?

2007-04-12 09:52:37 · 6 answers · asked by llb585 1