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United States - May 2007

[Selected]: All categories Business & Finance Taxes United States

Sort of like how I can go online and pay my student loans.

2007-05-22 14:07:46 · 2 answers · asked by Relax Guy 5

I live in a condominium that is surrounded by a private road. The road is for the use of the home owners whose houses surround our condo building. The "legend" has it that the fence belongs to the home owners who also own the private road but the fence appears to be located on our condo property and definately encloses our building. The fence needs to be repaired or replaced and we do not want to spend the money if the fence does not belong to us.
If you are looking at the fence from our building you would see our parking lot, the fence, the swale, the private road, the front yards and the the homes.
Bonus points to anyone who can come up with an answer that doesn't cost money. Thanks!

2007-05-22 12:45:25 · 10 answers · asked by Jon H 3

i heard professional sports players pay 50% taxes. if true, what "rule" says this? is it the same with lottery winners?

2007-05-22 11:53:23 · 7 answers · asked by dabo 1

I purchased a building in a unzoned area 2 years ago. I used it as a primary residence for those two years. I have since purchased another property that I am living in now. I would like to use the original property for a business. The tricky part is that the original property is owner financed and roughly half paid off. Can I deduct any part of my current mortgage or original purchase price from my future taxes?

2007-05-22 11:42:16 · 3 answers · asked by Richard T 2

O.k. I'm going to be getting married soon, I live in Kentucky, my employer mentioned to marriage tax credit, at the time I didn't think to ask, but now i'm curious. What is it? How does it work? Does it increase or decrease your taxes?

2007-05-22 11:25:16 · 2 answers · asked by Ash 3

I started my first job at a grocery store and i worked there for at least 3 weeks before i got fired. Do i still need to file taxes if my total earnings were $338.38

2007-05-22 11:21:39 · 17 answers · asked by Anonymous

It was offset on 4/6 and I received nothing,child support has no info.

2007-05-22 10:53:18 · 2 answers · asked by Dawn B 1

My Mother in law is selling us her home for way under Fair Market Value. The mortgage broker wants her to give us a "Gift of Equity". How much can she give us without paying taxes on the gift. We are married with three children (not too sure if you need to know that, but I think she is allowed to gift to her grandkids too).
Appraisal=$245,000
Selling for=$116,000
GOE= $129,000
This will allow me to bring in zero money down and dropped our interest rate tremendously. Having said that, I don't want to harm her in anyway with paying alot of gift tax.

2007-05-22 10:38:37 · 4 answers · asked by LCH123 2

i purchased 100 shares of stock $10 per share approx. 10 years ago, 3 years i gave the 100 shares to my son, tjhe stock price is $40 per share today, if he sells them today, what is his tax liability?

2007-05-22 10:02:04 · 5 answers · asked by cob 2

before you tell me to pay taxes it is a constitutional right to keep my finances private.

2007-05-22 09:37:11 · 2 answers · asked by Anonymous

2007-05-22 09:35:36 · 6 answers · asked by Christ 1

hi we have a 81 volvo.it has an automatic transmission,when my wife puts it in park,it wants to roll backwards she needs to put the emerjancy break on.to keep it parked.and it tends to smell up the car like its burning or getting hot when we have it at idle.is there a cheap way to fix it or what.what do we need to do.thanks

2007-05-22 09:22:05 · 5 answers · asked by billyboy_1968 1

I plan on using irs.gov or hrblock or something. . . thanks.

2007-05-22 09:19:55 · 5 answers · asked by kcksmom 2

I'm buying a home from my parents. They bought it in Nov. '06 for 285k. I'm buying it from them at a price of 307 w/ a total of 18,420 in seller concessions. They will net around 1200 dollars from the sell. Approximately what would the capitol gains be and is it based of the net profit or the initial gain? Any help would be greatly appreciated. Thanks in advance.

2007-05-22 08:45:41 · 5 answers · asked by J C 1

what is the rule for purchasing a vehicle over 6000 lbs when using it for self employment? I was told the full amount of the cost for the vehicle could be deducted from income . for ex: if you made 100,000 and the cost of the vehaicle was 35,00 your taxable income would be 65,000. Could you please give me the full details on this subject? thank you

2007-05-22 08:34:50 · 3 answers · asked by Lexie b 1

My company (a manufacturing company) purchased a product that was a resale item to sell to a distributor in another state. We asked the vendor to ship it out to them directly to try and save on shipping costs. We were charged taxes because we are not registered in the state it was shipped to. We are tax exempt in our state. Shouldn't we be tax exempt for resales in other states?

2007-05-22 07:43:00 · 2 answers · asked by MR 2

Travis County, Texas appraised my home last year for $186,000 (I only paid $156,000.) When I bought my house, I told the mortgage company to make sure to fix my escrow payments so that I wouldn't be short. Well, they calculated it incorrectly because they didn't realize we had a MUD. We were short by $3K. Now they have raised our monthly escrow payment by $300.00 to cover the shortfall and another $200.00 to cover the "anticipated" tax increase. Well, for some unknown reason, the county only appraised our house at $158,000 and I filed for a homestead exemption; so my taxes will not be as high as last year. My family cannot afford this $500.00/month increase to our payment; what can I do to convince our mortgage company to lower this new payment. If I can't get it lowered, I will be forced to sell my first home. In today's market, it doesn't look like it will be easy and I don't want to foreclose.

Thanks!

2007-05-22 07:35:10 · 2 answers · asked by Finraziel 1

A married couple has the following income
Husband: 25,000
wife: 26000
Child day care epenses for the year: 7000.

What is the dependent care credit?

2007-05-22 07:19:13 · 2 answers · asked by uncivilized_scholar 2

I own a piece of property and think that I could incorporate thereby reducing taxes; is this true or is there a better way? How do people with a lot of money avoid paying big taxes?

2007-05-22 06:55:22 · 6 answers · asked by Skip 3

We give all kind of meaningful tax breaks to the very wealthy in this country but cannot seem to give a break to the working stiff who worked all their lives to accrue this small benefit. I think congress should consider special tax rates on this income.

2007-05-22 06:54:30 · 3 answers · asked by Rodney D 1

the collector is HSBC/TAX.
my loan was for 500.00,she also said if i don't pay it soon(which i am trying) that after fees it will be 1600.00,
can they up it that much?

2007-05-22 06:43:03 · 8 answers · asked by justasinnersavedbygrace 3

does that also alert the state of that extention, or are you supposed to alert the state if you want an extention with the state?

2007-05-22 06:34:07 · 3 answers · asked by haley01 1

Income taxes punish the labor force for earning wages. A true fair tax is one striclty based on expendatures. Regardless of how you obtain your money, you are taxed at the time you spend it. Then, if your purchasing a big ticket item, you pay more tax than a less expensive model. This is not rocket science. Any red neck can see it is a better way to conduct business. Why can our educated leaders not?

2007-05-22 05:28:45 · 5 answers · asked by Jason McCormAck 2

I have a partime job i get paid $270.00 bi weekly i have no dependents and i am married filling jointly and no federal tax is being taken out of my paycheck? what should i do? oh and my husband and I both have fulltime jobs.

2007-05-22 04:49:20 · 8 answers · asked by Anonymous

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