United States - April 2007

I heard somewhere that if you are a tourist and visit California (or any other state) you can present your receipts at the airport and get a refund for the sales tax. Is this true?? where in the airport would that be? an IRS office??? Im departing from LAX...tnx for all your answers!!!

2007-04-26 09:23:08 · 7 answers · asked by Kitiara_DSev 2

I have client who was supposed to contribute to a pension plan, but one the employees argued with the pension lan and my client (the company), stopped making payments and later, the employee unfortunately got fired.

The terminated employee got the union involved and it was determined that my client owes $97K to the employee. My client wants to make this contribution to a new pension plan and I would like to know if this contribution made to this new pension plan on behalf of the terminated employee, will be taxable to the terminated employee? And what authority can I use to back up any conclusion(s)?

2007-04-26 09:17:38 · 3 answers · asked by Radiant 1

If I have to bring my own decaf coffee to work and other food and beverage items, and am able to bring my own radio etc. for use during work hours, is there a way to deduct those as business expenses?

2007-04-26 08:51:12 · 2 answers · asked by Michael M 1

i heard they send you a 1099 form for your taxes after a foreclosure is done, this means i would owe the IRS a lot of money. So would filling bankruptcy help me to not owe anything?

2007-04-26 08:24:06 · 6 answers · asked by susy m 1

the irs says my back taxes were not discharged but my attorny says they were.

2007-04-26 08:16:42 · 6 answers · asked by golfcrazyjeff 1

My dads Income Tax Refund just came but he doesnt have a bank account. I recently opened a bank account and my dad wants me to deposit the check, Can I deposit my dads Check into my account or does he have to have his own account to deposit or cash it in?

2007-04-26 08:10:30 · 11 answers · asked by Anonymous

My boss recently retired, I went to work elsewhere and he called me to tell me I would be getting the money from my retirement plan since he was cashing it all out. Since I dont have an IRA what percent approximately should I hang on to for taxes at the end of the year.

2007-04-26 07:34:03 · 4 answers · asked by Anonymous

I havent filed for a few years and i know i owe back taxes(the job i have doesnt take taxes out)Anyway I know its wrong and all that thats why im trying to do something about it but im not sure who to go to....Tax attorny they seem to handle like wills estate taxes things like that...accounts,cpa etcI dont know who to go to I need some good help someone who will help me settle with them etc.

2007-04-26 07:28:04 · 10 answers · asked by coconuts 2

Where can I look at my W2 online? I need to find out how much I made last year. I lost my W2.

2007-04-26 06:51:37 · 4 answers · asked by Ultimate Guitar Hero! 5

I would like to know what " Statute" ( What law ) specifically requires that I pay taxes to the " IRS " -

2007-04-26 05:35:02 · 10 answers · asked by Anonymous

2007-04-26 05:12:29 · 4 answers · asked by c6180ks 1

I did my own taxes for the first time this year. Using tax software, I plugged in what my refund would be if I had no stock sales in 2006. BTW, my tax bracket is 15% and I'm in New York.

Without Capital Gains:

Federal Refund : $400 and State Refund : $1460


Capital Gains of only $4416.

Federal : $260 (I owe) and State Refund : $1037

According to an online Capital Gains calculator I used, my Federal tax should be $662 (which explains why my refund went from $400 to minus $260). What I can't understand is why my State refund dropped so drastically.

2007-04-26 04:40:06 · 2 answers · asked by Titus Pullo 2

I am interested in knowing what items could be written off on the taxes of a professional brewer and/or part owner of a brewpub: travel to other brewpubs, sampling beer at other brewpubs, sampling food at other brewpubs, travel to beer festivals, admission to festivals, purchasing of unique beers for sampling, travel to internation beer festivals, visiting unique bars, brewing conferences, purchasing beer books or magazines, local homebrew club dues, travel to club meetings, homebrewing equipment and supplies for advancing skills and making test batches?

2007-04-26 04:06:54 · 2 answers · asked by Anonymous

2007-04-26 00:58:21 · 5 answers · asked by Al Money 1

I am from Australia and I am setting up a web based business in the US. The sole revenue source will be adsense and YPN. If I were to incorporate in Delaware, would this be considered taxable as Google and Yahoo are both incorporated in Delaware. I will technically not be doing any business in Delaware other than incorporating. Is it better to incorporate outside of Delaware in this case.... such as Wyoming?

2007-04-25 21:38:40 · 3 answers · asked by maven1000 1

I'm still in college, and I lost my tax forms, plus my dad, who did them, said I owe the government about $200. So I was supposed to send them with a check, I guess. But I didn't send anything at all. Do I only get in trouble if they randomly happen to select my taxes for review and discover they're missing, or is my name automatically on the "did not receive taxes" list?

What do I do? Do I lie low and hope nobody notices, or send them in really late and then have anyone who receives them KNOW I send it in late?

2007-04-25 18:33:08 · 6 answers · asked by Anonymous

I want to be left with $5K after taxes. 33% is the total tax rate.

33% tax on $5K is $1.5K.

But, If I wanted to be left with $5K, to say that I'd have to make a total of $6.5K to pay the taxes doesn't calculate correctly because if I made 6.5K, the tax rate of 33% would apply to that total, which leaves me with $4,355. So, the 1.K seems to shortchange the taxes, I'd otherwise pay.

I calculate I'd have to make $7,426.69 to be left with $5K. 33% of the 7K figure is roughly 5K.

Yet, it seems when I read about taking tax breaks that would mean I wouldn't have to pay tax on $5K, third-parties just seem to say I'd save $1.5K. Is this just laziness or ignorance on their part, or am I wrong by trying to take into account what I want to be left with not just what I'd pay on the amount.

And is there an economic term that accounts for this?

If there is, why do business/finance writers just say you'd save 1.5K on 5K of income, not that you'd save 2.5K to be left with 5K?

2007-04-25 17:54:09 · 1 answers · asked by nyc_1oo14 3

other than receiving funds returned, is the April deadline that important?

2007-04-25 15:08:38 · 5 answers · asked by Daoz1 1

thats right its april and i still have no refund i was getting the code of 1121 for 2 months(wheres my refund link) and i called at least 15 times and they could not tell me a damn thing!!just that it was delayed now i checked it and it gives me a 1201 code? does any one know what this means??????

2007-04-25 14:52:28 · 6 answers · asked by flacome2001 1

2007-04-25 14:21:24 · 2 answers · asked by Robert O 2

2007-04-25 13:57:27 · 5 answers · asked by tom c 1

I am selling a condo for $200,000 on the east coast. I purchased it 3 years ago for $85,000. I lived in it the last three years. I plan to sell it and move to the Mid west where I plan to buy a house for between $110,000-$150,000.

How does the capital gain tax work? Will I have to pay taxes on $115,000 for the difference between buying and selling price on condo? or will i only be taxed on the difference bewteen selling price of condo and buying price on house in the Mid west?

Please help.

2007-04-25 13:37:51 · 6 answers · asked by donotbuyepsonproducts 2

I really need help on this subject, searching the internet hasn't really given me the direct answers I need. Here's what I need to know.

How do I calculate how much tax I pay on my winnings?

What form do I use to report sports gambling taxes?

Are Sports Gambling taxes, State, Local, or Federal?

Please help, I want to pay my taxes the right way.

2007-04-25 13:23:14 · 2 answers · asked by eXp 2

has anyone ever had a similar experience? The IRS said that I'd receive a notice in a few days explaining why the amount is different. They also said if I'm certain the amount is too high, to return the check explaining why. I have no idea as to why they sent me so much more, but I'd sure like to keep it. What's the chances that the IRS is right? Is it interest that they're paying me? It says interest on their check.

2007-04-25 13:08:22 · 13 answers · asked by rikdi2 1

House sold 7/06 for $700K
Original purchase price $267 4/02
Improvements $106K (basis = 373,000)
Widowed 3/96 house value at the time was $390K
Question: Does this mean I have to pay taxes on 700,000- (.5X373=186,500) - (.5X390=195,000)-250,000=68,500?
Worried...Thank-you

2007-04-25 12:57:24 · 6 answers · asked by SQD 2

Dow just broke 13,000 and tax cuts are horrible? Please explain that to me?

2007-04-25 12:19:11 · 5 answers · asked by Anonymous

I need to know if the current owner is responsible, or the owner that had the business when the taxes were accumalated.

2007-04-25 11:24:18 · 4 answers · asked by mistkie 3

2007-04-25 10:36:01 · 5 answers · asked by phatmomma 1

I've been on a work visa in the USA for about 8 years now and have about $60,000 in my 401K. My work Visa is up next March and I'll have to return to Canada.

I know there is a 10% withholding tax if I withdraw it but if it is in a low income year (as I will only work 3 months) is that going to be less than the flat 30% tax that will be taken out if I remove it as a non-resident?

I know that leaving it in an IRA making tax free returns is a decent option but I'd rather move it elsewhere and want to get the most I can out of the money I've saved.

2007-04-25 10:25:47 · 6 answers · asked by Jason T 4

My friend is an accountant and she filed my tax forms before the deadline. Unfortunately, I have to send it myself. I'm a bit of a forgetful, sadly, and a disorganized individual. I'm too busy with too many things happening this month alone. Anyhow, I have yet to send the tax form and I was wondering what will be the consequences of sending out the 1040 and 540 tax forms late?

2007-04-25 10:21:31 · 8 answers · asked by ۩ а я ώ  и ۩ 2