United States - May 2007

2007-05-31 21:31:50 · 4 answers · asked by washed41 1

If I received a 1099 Form from an employer, does that mean that I would have to pay to the IRS? If so, how do I find out how to figure how much I would have to pay?

2007-05-31 19:35:16 · 6 answers · asked by Kyle 1

I started a new job and after 3 days I realized that the owner of this business wasn't somebody who I wanted to be associated with...at all. So I quit.

I talked with the guy about getting paid for the 3 days I worked and he tried to tell me I only worked 2 days. Because of this, and several other reasons, I think that he is going to try to rip me off somehow when I get paid on the 15th of June. If he pays me for the 3 days I worked I should be getting $400, but I wouldn't be surprised at all if he tries to write me a check for $300 or so and say the rest went to taxes (but not report it or send it in to the government).

So my question is: Is there a law that states that an employer can't start taking out money for taxes until the employee makes a certain amount? I remember hearing something about this, but I'm not sure if it is true. What I heard was that employers can't start taking taxes out until the employee makes his first $500 with the company. Is this true? Resources?

Thanks!

2007-05-31 18:59:57 · 5 answers · asked by The ADvisor 3

2007-05-31 17:18:06 · 11 answers · asked by bexarcourtclerk 1

2007-05-31 17:03:13 · 4 answers · asked by bexarcourtclerk 1

This is a math problem..it does make sense - I just can't figure out how to solve the problem. It was one of the questions on a test given to me by the Dept. of Revenue which, of course, I missed. Please, only serious replies. The last answer I received told me the question didn't make sense so i have rephrased it.

2007-05-31 16:50:17 · 7 answers · asked by ODD 1

2007-05-31 16:28:41 · 7 answers · asked by jeska 1

2007-05-31 16:03:49 · 4 answers · asked by ODD 1

2007-05-31 15:10:11 · 3 answers · asked by Mavka 1

We came with my husband as dependent on l2 visa, my husband have already filed his return for last year 2005 to 2006, we both me and my daughter are not having ssn, so for ITIN number we both me and my daughter will have to file return separately or my husband can give our reference into their file return, and what document will be required for that, can we apply right now for ITIN number or it will be applied that time only, please guide us.

2007-05-31 15:09:20 · 3 answers · asked by rakhi k 1

I think someone is commiting tax fraud and a child support scam. He owns his own construction company and is claiming he is goingunder financially. On the contrary, his company was able to build him his personal 4 bdroom home, purchase a 2007 dodge heavy duty deisel truck when his last truck was only an 05 running fine, paid $10,000 for a trip to Mexico from company funds, and paid $25,000 of his companies money for criminal lawyers for a child molest case against him. How do I prove his company is being used as his personal piggy bank and that its actually turning over a profit and not in debt. It may be in debt but ony because he spends it. any suggestions?

2007-05-31 15:02:55 · 3 answers · asked by itsme2382 1

I have a traditional 401k. I know that the contributions and growth are deferred until I retire. When I do start to pull out money, are all the capital gains taxes due? Do I have to keep track of all the buys/sells I've made?

2007-05-31 12:44:16 · 6 answers · asked by Shasta McNasty 2007 2

2007-05-31 12:04:40 · 6 answers · asked by Bonnie L 1

i owe about $2000 which i do not have. How much would the interest and penalties be???

2007-05-31 11:21:32 · 5 answers · asked by i'm f*ucked 1

My husband & I have two kids, my husband works and I stay home. Currently he has us down for 3 deductions, but we got almost $5000 back after taxes this year and would rather get it in our bank account during the year. We were guessing to go ahead and put down 5 - ? Any ideas?

2007-05-31 11:02:46 · 5 answers · asked by Jennifer 5

I just started a small business w/ no employees. I know that I am supposed to file a SCHEDULE SE and SCHEDULE C form attached to my 1040 but how often am I supposed to do this? I would also like determine approx. how much the taxes would be so I could put money away and not be over whelmed! Someone Please help! Thanks

2007-05-31 10:28:17 · 3 answers · asked by comingofage03 4

2007-05-31 09:59:23 · 5 answers · asked by kristy w 1

2007-05-31 09:53:16 · 4 answers · asked by timmyjen2006 2

Does anyone know about gift taxes? PLz post answer on the forum as it is easy to clarify there
http://www.tutorbuddy.org/Home/tabid/37/forumid/152/threadid/67/scope/posts/Default.aspx

2007-05-31 09:16:56 · 3 answers · asked by Anonymous

we came tennese last month.my husband is on L1 visa.for me and my 15 month old daughter it is L2.i am not working.

2007-05-31 08:19:32 · 1 answers · asked by rakhi k 1

My father-in-law resides in Italy. If he gives my wife the $$$, and my wife gives me the $$$ as a gift. Will I have to pay taxes??? Will my father-in-law have to pay gift tax???

2007-05-31 07:56:20 · 5 answers · asked by RJ 1

I filed 4 years worth of taxes with joint returns while we were married. we are now divorced and the overall tax liabilty is about 120K. Our divorce decree stipulates that i accept all tax liabilities for the years we were married. I have no problem with that but the irs is saying because she signed them she is still responsible. she said she is going to tell the irs she didnt sign them. Can i go to jail for that??

2007-05-31 07:53:26 · 15 answers · asked by BELLRINGER 1

After filing taxes jointly for 2006 and expecting a refund in excess of $6,000, the IRS notified me and my wife they were taking our ENTIRE refund due to my wife being in default of her student loan. I immediately filed the Injured Spouse Allocation Form (Form 8379) and since I make most of the money in our household ($60,000 anually compared to my wife's $30,000), my accountant claimed our entire itemized deductions of just over $25,000 in my name. I had about $9,700 in taxes withheld from my salary and my wife had about $4,000 withheld. Does anyone have any idea/experience to know HOW MUCH of a refund I can expect and HOW LONG the process takes once the Injured Spouse form is filed? I would greatly appeciate any insight into this.

2007-05-31 07:30:21 · 3 answers · asked by Man I'm Tired 2

In early 40's with small ROTH IRA with overall net loss. At this point can I close the account without tax/penalties to get what's left back out? Is this considered a nonqualified distribution or something else?

2007-05-31 07:22:37 · 3 answers · asked by JJ 1

I am selling a mobile home that was given to me, when taxes come around will I have to claim the sale and pay taxes on the sale due to profit? I've never sold a mobile home before and dont know the legallities of the process, need detailed help on what to do.

2007-05-31 06:55:12 · 4 answers · asked by dar24mayo 2

2007-05-31 05:55:28 · 1 answers · asked by probobdj 1

Do you know a website with a monthly salary calculator?
Do you also know a website where I can check how much a job position should be paid?

2007-05-31 05:51:16 · 5 answers · asked by nic 2

I'm an insurance guy and I know that I deduct the cost of my continuing education and designations, licensing, etc. I never finished my college degree the first time around and now I am about a year and a half away from graduation. Since I began the completion of my degree in business after I got into this field with a marketing focus (which will qualify me for the Registered Financial Consultant designation), is there any way that I can deduct this as an educational expense?

I am an officer of an S-Corp, but do not have any ownership and only receive 1099 income. I also hate insurance guys who pretend like their freakin' accountants or lawyers and don't know where to draw the line.

2007-05-31 05:24:56 · 6 answers · asked by aaron p 5

There were two question-and-answer sets for this question but they were inconclusive. See:

http://answers.yahoo.com/question/index?qid=20070417103835AAW6zwY

http://answers.yahoo.com/question/index;_ylt=Amn6pONYwsM1e_LJOENe75JIzKIX?qid=20070114202442AAkrELA

Some people say an age over 24 is what makes the answer 'no' in any case. Some people say the answer is always 'no' if you became independant at one point. Some people say it is always 'yes' if you are currently dependant upon your parents, regardless of any other conditions.

So which is it?

2007-05-31 05:07:41 · 6 answers · asked by Anonymous

I worked at a Texas state institution for 9 years. I separated from the institution and withdrew retirement contributions. After 1 year at another NON-state institution, I then began working at another Texas state institiution where I was allowed to claim my previous years of service and resume the benefits of a vested employee. I am still with this same institution (6 years) and now have 15 years of state service. Upon retirment age, will my total time count, or will they deduct the 9 year of withdrawn contributions?

2007-05-31 04:45:08 · 2 answers · asked by Texas-Cutie 2