United States - May 2007

2007-05-09 13:56:10 · 5 answers · asked by tharod2000_2000 2

I have a friend who is assigning me power of attorney and paying me $250,000. Not a joke. Is there any way to avoid 100,000 dollars in taxes? I need to save as much of it as possible.

2007-05-09 13:12:04 · 3 answers · asked by Pixie&Zoe 2

I just didn't know if the gift tax applied, or how else loans work. Thanks.

2007-05-09 13:01:59 · 3 answers · asked by Jazz_Chi 1

what do i need to do? This happened from lack of communication. I have always handled tax papers but this year spouse decided to file separately with not a word to me. I made sure the returns were filed before the deadline. I need to know if I need to contact IRS or jut wait until they contact me. Thanks for any help anyone can give me.....

2007-05-09 12:19:54 · 5 answers · asked by Anonymous

2007-05-09 11:36:58 · 3 answers · asked by Bonilla02 1

2007-05-09 10:37:50 · 3 answers · asked by mclay 1

I'm a single guy and just got a job. I hear that it is best to claim 0??? What's the difference between claiming 0 and any other number? Is one better than the other?

2007-05-09 10:31:49 · 5 answers · asked by Erutpar 1

On the three weeks claimed it says denied/ discharged, does that mean you don't get beneifits?

2007-05-09 10:28:51 · 5 answers · asked by bryton1001 4

I want to get braces this year and get some needed medical work done. I want to deduct them from my taxes next year but I was told if the amount does not total my standard deduction then I cannot write off. Is this true??

2007-05-09 10:23:56 · 9 answers · asked by Steph 2

2007-05-09 09:58:15 · 2 answers · asked by Anonymous

Why if I'm under the age of 18 and I had a car accident and I got a settlement over it i cant get my money until i'm 18 but if I need money before I turn 18 me and my mom have to go to court for my money and then the judge has to say it is okay.. I have no problem with it being in an account (like they are doing till im 18) but why is it if I put it in a savings account to where it can draw interest we have to pay taxes on that @ the end of the year.. We've never had to do that with all our other savings account so why should we have to on this one?

2007-05-09 08:03:36 · 7 answers · asked by Anonymous

2007-05-09 08:02:24 · 3 answers · asked by Sahasrapal Singh 1

Groceries are a necessity of life. Why is food taxed? It seems that State governments only wish to harm the poor and low income.

2007-05-09 07:37:45 · 10 answers · asked by Hickemtwiddle 4

2007-05-09 07:23:21 · 5 answers · asked by Sandra T 1

On which types of income do US Citizen have to pay tax prepayments? Like the withholding on wages by the employer.
Are there some kind of "do-it-youself" prepayments, maybe on property income?
Are there any exempted types of income?

2007-05-09 07:03:17 · 3 answers · asked by Anonymous

I'm wanting to have a home business and having nothing but fits on trying to figure out all the income tax stuff. The IRS website isn't really helping me much and I've contacted several people and keep getting different things, as I know I will here but seriously. My mom has a home business and she always has to pay in at tax time. If I had a home business I know I don't have to file up to a certain amount but how do you keep track of all that and claim it? Would anything be returned or would I have to pay in. I'm wanting a home job but not sure about all the tax stuff. Please help and thanks mucho!!!!

2007-05-09 06:27:58 · 9 answers · asked by texascowgirlandprincess 2

Was just wondering if anyone believes that someone could be auditted if they recieve 2 checks each week for payment under the table. One check is usually worth 200 and another usually worth 100. I pay no taxes on it but they do come in checks. Think this could be a problem come tax time. It is only $300 a week at most so it really isn't all that much money.
thanks

2007-05-09 04:53:33 · 4 answers · asked by KaidenMC 1

My dad died two years ago and he had put his home in my name before he died. Now 2 years later when I am doing a home equity loan I find there is a tax lien on it. The title was clear 6 months ago so this is fairly recent. The house is only in my name and this lien has been put on not only after the house was deeded to me but also 2 years after his death. How is this possible? Should I call the IRS about this or go to a tax lawyer first?

2007-05-09 04:42:44 · 5 answers · asked by a b 1

2007-05-09 04:37:01 · 2 answers · asked by edtrucker12000 1

What’s the best and easiest software to use for an LLC accounting and/or tax needs?

2007-05-09 03:38:04 · 3 answers · asked by kmarshal73 2

Recently I have some concrete work done and the contractor wants to tax me on the entire bid. So do I have to pay sales tax on labor?

Thanks

2007-05-09 03:35:23 · 1 answers · asked by firedoc0 1

I've heard Sweden now taxes businesses,not on income so much as how much it pollutes.Also is there such a thing as progressive consumpion taxes as well. I believe are tax system should be geared towards consumption,pollution and idle wealth,not people's income and active business investment

2007-05-09 03:08:43 · 2 answers · asked by Anonymous

2007-05-09 01:22:45 · 5 answers · asked by grandmabeck 1

2004 I filed an income tax with a company. 2 or 3 weeks later I recieved Bank One check from that company. I do not know back then if they have the right to issue me the income tax check.

Shockingly, a year later, I end up pay back to the IRS for almost 10K.

I want to make a fraud report on this company. Is it too late?

Nit.

2007-05-08 22:16:23 · 3 answers · asked by nitronboy 1

Got stock options bought out in a merger, looking to find what I will lose for the short term gain and I can expect the check to actually be. Thanks!

2007-05-08 21:14:18 · 3 answers · asked by Theguywhoneedstaxadviceplease!!! 2

I spoke to IRS and HSBC Bank where deposit was issured through, both say IRS dep. $$ into my friend's acct. on 3/27/07, and my 'friend' told me a month ago, the bank screwed up, three wks ago it was "The IRS kept it & applied to fiancee's back tax acct., last week she gave me a check on Tue. for 10% of total amt. she owes me, asking that I not cash it til Fri. of that wk. This is Tue. and IRS & HSBC tell me the refund was approved & tax refund was infact deposited into my 'friend's' acct. Is there any type of legal actions that I can pursue, if so, what? Where should one start in a matter of this nature? A lawyer, the D.A. of my County? What kind of legal matter (civil or criminal) does this fall under? I am looking to press the most, & hardest criminal charges against the two, as I feel this is larcency, theft, & down right deceat!!!

2007-05-08 17:53:33 · 7 answers · asked by damleggz 1

my younger brother is talking of taking me there to live in 6 months. I'm wondering what is the typical paycheck for those on Social Security there?Does anyone know?

2007-05-08 16:28:23 · 7 answers · asked by Anonymous

2007-05-08 15:58:51 · 5 answers · asked by kmusicman 1

2007-05-08 15:38:50 · 6 answers · asked by tc 1

2007-05-08 15:27:45 · 5 answers · asked by john m 1