United States - May 2007

If you and your b/f or g/f live together and got kids together, say 3 children. Is it ok for him to claim one dependent and I claim 2 and can both claim head of household?

2007-05-20 14:23:02 · 6 answers · asked by JUDY 2

I had a relative move in with me and she has two dependents, I also have dependents. Can both of us claim head of household? What if you have three single parent in the same house all got dependents can all three claim head of household?

2007-05-20 14:19:11 · 3 answers · asked by JUDY 2

I live in Missouri. I make $6.50 an hour and I have figured up that BEFORE taxes I'll be pulling $530.27. I claimed two on my W-4's or w/e they're called 1 for myself and 1 for being single. Please help I'm desperately trying to make sure I don't get screwed on my pay and start my savings. Thank you.

2007-05-20 13:10:19 · 6 answers · asked by Anonymous

I have moved between 2 locations within 2 years of purchasing a home at the first location. I am aware that in order to avoid capital gains on the profit of the first home, my workplace has to be >50 miles from the previous workplace in order to qualify for the "safe harbor" modification to the capital gains law. I have done so and have moved into our new home (work 52 miles from original work and home is 50 miles from original home). I am currently in the position where I can improve my employment situation. However, it would require me to take another job at a location 30 miles further, for a total of 82 miles from the initial job. I am in the 21st month of the 24 necessary to avoid capital gains, but I don't want to pass up this opportunity. Any insight anyone can provide (e.g. website) would be greatly apprecaited. Thank you in advance!

2007-05-20 13:07:13 · 1 answers · asked by niupt2k 1

I just got my first job at Culvers but I dont exactly know how to fill out the Form W-4

2007-05-20 12:41:14 · 7 answers · asked by Biggz 2

I thought i filed by did not

2007-05-20 11:43:43 · 2 answers · asked by a r 1

2007-05-20 10:47:05 · 3 answers · asked by Peter S 1

2007-05-20 10:43:18 · 2 answers · asked by Joan H 1

2007-05-20 09:32:08 · 3 answers · asked by Tony 1

When someone gives you a cash gift, lets say $20,000.. is there any way to pay less taxes on it? can you immediately invest it, or does the fact that they gave you the money count as taxable income immeditely? Also, why do i have to pay double social security tax? on Payroll I already make $63,000 and pay a ton of ssi tax...

2007-05-20 09:22:44 · 5 answers · asked by Drew W 2

I've worked minimum wage jobs off and on for the past 6 years but have never filed a tax return. Each year I made less then $6,000 total. I just recently graduated college and am now ready to assert some finacial responsibility, am I due money or would I possibly owe money to the IRS?

2007-05-20 08:24:24 · 3 answers · asked by chairmanmeow63 2

Last yr I made 230k and at a high tax bracket three months ago I was layed off and now I want to take my 401k and invest in real estate instead of mutual funds. So I dont want to roll over into an IRA. Will I fall into my tax bracket of 2006 or my present tax bracket?

2007-05-20 08:12:20 · 6 answers · asked by Grace 1

Last year we donated a lot of baby cloths, and when I mean a lot I mean 6 5-gallon bags full. We estimated probably atleast $1000 dollars worth of cloths - I mean, on the order of mutiple hundreds of outfits. We made a few other donations of consumer electronics, and this tax year my accountant said I could only claim so much if I didn't have it certified. Is that true? Where do I get someone to certify my clothing donations, I have another 4 5-gallon trash bags of clothing that I've recently cleared out of my closets that I'd like to donate.

2007-05-20 07:24:01 · 6 answers · asked by Jason 1

If we make $1500 per week (contract labor) and we have 2 children (13 & 7), what percentage should my husband and I be putting away for taxes so that we don't over or underpay? We live in Texas.

2007-05-20 07:21:17 · 1 answers · asked by Tilly24 2

I would like to sell property before I have lived in it for 2 years. How can I avoid the Property Gains tax by buying/selling in the name of an IRA? If I am 59.5, how long do I have to wait before I can take the money out without penalty?

2007-05-20 07:21:15 · 3 answers · asked by OuiOuiChica17 2

2007-05-20 07:05:47 · 3 answers · asked by autumn f 1

is the federal government of USA taxing its people too much? what are some suggested steps to reduce this?

2007-05-20 06:59:25 · 3 answers · asked by mose m 1

questioning wages and w-2 as if they were forged.

2007-05-20 06:30:33 · 3 answers · asked by lizzo60 2

Is it legal for a company to pay its part time employees cash and not have to report any payroll taxes?

2007-05-20 05:54:52 · 2 answers · asked by Butterfly Kisses 2

My job is light bookkeeping payroll billing faxing sheets to the accountant for payroll taxes and sales tax.My employer owes IRS alot of back payroll taxes and continues to not pay her estimate tax deposit to the bank each month.My employer has also paid employees cash when they were on the time clock.And have paid employees on a straight check with no taxes taken out.I am worried that i might get involved in this whole audit problem.Should i be worried?

2007-05-20 05:42:40 · 7 answers · asked by Anonymous

Does anyone know if there is a tax service that does ur taxes for you and loan you the money from your refund that day? Just found out my daughter joined the Marines and is shipping out for boot camp. Need cash TODAY!
(Sneaky brat, but I am proud of her for having the courage to serve her country)

2007-05-20 05:15:41 · 6 answers · asked by Anonymous

2007-05-20 05:05:31 · 2 answers · asked by Mike L 1

The idea is to save the sales tax on the purchase of an automobile.

2007-05-20 03:47:06 · 8 answers · asked by pfs5k 1

postal, toll/parking, gas, art shows, car rental, hotel... which of these is deductible and which cant I include on my schedule c

2007-05-20 02:11:51 · 2 answers · asked by Derrick W 1

I had a federal tax lien placed on me over 20 years ago. Is it still valid? where can I get information on this?
There is a tax lien filed on me in Mercer County N.J. I have never been in that county How do I get info on this?
Thank You

2007-05-20 01:31:32 · 3 answers · asked by realistic2147 1

a researcher is interested in the amount of state and federal income generated as a result of audits performed by the IRS. in a random sample of 50 income tax returns, the amount due after an audit averaged $880.22 with a standard deviation of $210.71.

1. construct a 98% confidence interval for the true standard deviation of the amount due on an income tax return after such an audit.
2. a representative of the IRS claims that performing audits has helped to recover a significant amount of money and that the average amount due after an audit is more than $800. Test the IRS's claim at a=.02.
i tried to solve this question during 2 hours. please i need your help!!! thx a million!

2007-05-20 00:21:56 · 2 answers · asked by Anonymous

Do tenants in rented property pay the annual property taxes or would the owner of the property pay it (even if they were not resident in that property)?

2007-05-19 22:20:51 · 2 answers · asked by blah1234 2

How does sales tax work when buying a property in Nevada? If I bought a property and then let it out to tenants would I pay sales tax on just the purchase of the property or would I have to pay sales tax on anything else in relation to the property (ie rental income or selling the property)? thanks

2007-05-19 22:19:08 · 1 answers · asked by blah1234 2

2007-05-19 21:33:46 · 7 answers · asked by Chris G 2

if a person has a theft charge and was giving a sis and the company has already written off the loss from taxes can they still collect restitution from a person. I thought it would be illegal for the to double collect

2007-05-19 16:16:27 · 4 answers · asked by confused 1