United States - May 2007

I bring in $1325.00 a month in cash for helping to care for someone. How much should I set aside for Federal and State taxes? South Carolina is my state. Sorry about the previous amount mistake! I will choose a best answer anyway!

2007-05-18 13:26:43 · 7 answers · asked by tammie b 2

My friend received in the mail form 886-H-EIC. Regarding her 17 year old child that has lived with her 8 months this year. IRS wants her to prove the childs, relationship, age and residency. The problem is the child dropped out of school last year, they have no church affiliation, no social program and luckly enough have not needed a doctor. Is there any other way / form /proof the IRS will accept - so that she can claim an earned income credit on the basis of the qualifying child?

2007-05-18 12:42:55 · 6 answers · asked by beverlee 2

2007-05-18 12:40:45 · 7 answers · asked by Anonymous

I help take care of someone and run various errands. I am paid in cash, but still file my taxes each year. I do not want to owe "Uncle Sam" and I live in South Carolina, so I have to pay State taxes as well. Can anyone help me?

2007-05-18 12:40:42 · 6 answers · asked by tammie b 2

I pay roughly $3000 per year on my real estate taxes.
If the 2006 assessment is 14,863, does it mean that I now pay 14.683?

2007-05-18 12:34:33 · 3 answers · asked by Anonymous

I have taken a job that is about 500 miles from my house, therefore will be selling it this summer. I bought the property about seven and a half years ago and have lived in it the entire time minus the last two weeks since I’ve been on the job. The property has appreciated about 200k since then. There have been no other properties bought or sold by me in this time. Now my question is two fold:

Do I basically classify for an exemption since I am well over 50 miles from my last job and home and if so, should that pretty much negate the capital gains that I will see from the sale? And:

I wasn’t going to buy a house immediately, because I wanted to see which area of town I’ll live in. Depending on what I’m looking at capital gains wise, I may change that idea. Is there a benefit to purchasing a house in this calendar year, in order to insure that Uncle Sam doesn’t grab all of my hard earned gains over the last seven years?

2007-05-18 12:05:59 · 4 answers · asked by Deep Thought 5

2007-05-18 11:23:29 · 5 answers · asked by jeff g 1

I have a home based business and my income is increasing, when should I incorporate?

2007-05-18 08:51:33 · 6 answers · asked by momof2 2

2007-05-18 08:36:21 · 4 answers · asked by Anonymous

2007-05-18 07:21:58 · 3 answers · asked by Kyle Y 1

When was the due date for them to be paid in full? I had my taxes completed in April....but wan't sure when my money to the state was due???

2007-05-18 06:55:15 · 2 answers · asked by mikki080 4

2007-05-18 05:55:13 · 3 answers · asked by Anonymous

2007-05-18 05:40:57 · 7 answers · asked by Anonymous

Hello,

I have purchased a defaulted home as an investment property. I have renoveted the home & now I am planning to sell it. I never used that home for my residence purpose. I know that property held for more than one year will be taxed as long term property.

I want to know, how the holding period is counted? I mean does it starts from date I purchased the tome or I completed the renovation of home?

Thanks in advance.

2007-05-18 04:58:16 · 3 answers · asked by vandana r 1

Please advice .. Thanks

2007-05-18 04:56:51 · 2 answers · asked by Marino 3

I don't want to mess up my SSI & Social Security.

2007-05-18 04:37:25 · 14 answers · asked by Anonymous

2007-05-18 04:35:37 · 7 answers · asked by Anonymous

Please provide legal advice... Thank you !

2007-05-18 04:07:31 · 3 answers · asked by Marino 3

I got rid of two vehicles in 2005, and I never turned in the plates because I didn't think I needed to. Now in 2007 they say I owe 400 for each vehicle. What happens when I go to court. I can prove I haven't had the vehicles.

2007-05-18 03:17:29 · 6 answers · asked by fourcheeks4 5

2007-05-18 02:43:01 · 9 answers · asked by Gardengirl 2

2007-05-18 02:41:43 · 3 answers · asked by funolfarrt2 1

2007-05-18 01:45:43 · 2 answers · asked by LorDagoth 1

If I setup a foreign corporation, it will be its own legal tax entity, therefore I would assume that I do not need to report it's income to the IRS. Only the income that I receive from dividends or a salary would have to be reported. Is this correct?

2007-05-18 00:53:26 · 5 answers · asked by Anonymous

My daughter is 2 years old. Last year, I didn't claim any childcare credit because my mom was the caregiver, and it wouldn't make any sense to deduct the amount and add it to her tax bill.

This year, we will be sending her to a daycare center that charges around $1200 a month. Do I need to get their tax id in order to claim it, or can I just put down their official name and address to claim it? Thanks.

2007-05-17 18:39:53 · 5 answers · asked by jveryrad 4

I work full-time, make roughly 35G a year, and go to school full-time, with tuition costing about 24G a year. I take out loans to cover the cost, and my work pitches in. I'm 22. How much in taxes realistically would I have to pay? Can I get a lot of it back for April 2008? Thanks!

2007-05-17 18:23:33 · 5 answers · asked by carlos1485 1

if i work a job for 18 hours a week @ 10 bucks an hour for only 3 months..will i get all of that money back for only working limited hours? or will i not receive all of my money back on my tax refund? thanks

2007-05-17 17:21:41 · 3 answers · asked by Anonymous

2007-05-17 16:26:52 · 2 answers · asked by Anonymous

2007-05-17 16:05:44 · 7 answers · asked by Anonymous

My dad recently passed away and my mom is wondering how she will file taxes at year end? Can she still file as married filing jointly since my dad lived during some parts of 2007? Or will she file as single? Thank you.

2007-05-17 15:58:05 · 9 answers · asked by pc 1

2007-05-17 15:29:05 · 7 answers · asked by . 1