United States - May 2007

Check out the wikipedia article on the fairtax. Read it. Really read it.

This will change our country forever, if people can actually take the time to understand it. Virtually every honest person benefits from it. I'd love to discuss this with RATIONAL people - people who have actually taken the time to understand it.

Does anyone have any REAL arguments against it?

2007-05-07 17:06:23 · 7 answers · asked by Anonymous

2007-05-07 16:47:51 · 4 answers · asked by sjdj3000 1

legaly disabled under 12 k per year ss benfits, incometax refund available?

2007-05-07 16:46:54 · 4 answers · asked by Anonymous

I am currently working an Independent Contractor at an agency for my Art Direction services. This is my main source of income. Additionally, from time to time I do graphic and video work. Now I am considering diving into Event Production as a new opportunity has come to me.

My main goal is to maximize my tax deductions as last year I paid 30% off my income. I filed as self-employed. I know the answer is incorporating but not sure as to which type of Corporation will allow me to deduct the most (equipment, furniture, car, insurance, food, travel, hiring other independent contractors, etc - can't think of any thing else). This is money that is currently getting out of my pocket - after taxes -. Any recommendation or past experiences?

2007-05-07 16:36:08 · 5 answers · asked by QuestionHead 1

2007-05-07 14:26:24 · 6 answers · asked by sel_bos 3

im about to claim the winnings for a very large lottery and i am wondering how much tax do i have to pay on the amount and how do i pay it

2007-05-07 14:22:09 · 3 answers · asked by Anonymous

I filed my taxes in March and got my refund about 10 days later. Then I realized I'd made a mistake (to do with rental mortgage interest and taxes, and active participation in rental) and so filed an amended tax return which will increase my federal and state refund. I mailed this on April 12th.

How long does it typically take to process an amended tax return and send a check?

2007-05-07 14:02:27 · 2 answers · asked by ohmygod 1

Here is the problem: I have no debt but my credit score is only 605. This is a good enough score to buy a car but not to lease; so I lose out on the tax advantage. Instead, I would like to purchase a car and lease it to my corporation for the same price as my monthly payment so there is no personal income from the lease. Is this against federal or state tax law? I am 50% owner of the S Corp.

2007-05-07 13:59:26 · 1 answers · asked by doppiozerobaby 2

What's available for grants or funding?

2007-05-07 13:17:21 · 1 answers · asked by mistie_blu 1

my sisters college does not take part in FAFSA but my father does claim her on his tax returns.... my college wants me to fill out sibiling enrollment verification sheet ..... wuld this change my financial aid package

2007-05-07 12:28:43 · 2 answers · asked by Anonymous

I'm 40yrs. old, single mom w/2 kids, hardly any savings & rent an apt.
I really want to use my tax refund wisely; the only debt that I have is my car payment.

2007-05-07 12:13:56 · 12 answers · asked by jcm66 1

I bought a house over two years ago and live in Louisiana. I'm moving soon and plan on selling my house. I don't plan on buying another one immediately. How long do you have before paying capital gains on the house? Also, if you reinvest the money in another house, do you avoid paying C.G.? Thirdly, How long do you have to buy another house before losing a capital gains exemption (if there is such an animal)?

2007-05-07 12:07:17 · 5 answers · asked by Malterman 2

2007-05-07 12:01:50 · 5 answers · asked by creedmoor1875 2

My fiance got a settlement from his previous employer that included some compensatory damages. He also drew unemployment for a while. How is this going to affect him on the upcoming tax year??? Should he try and pay some estimated tax on this money so he doesn't get penalized?? They said that they would send him a 1099 form but he is afraid that he willhave to pay his unemployment back if he has to report it on this form. Does anyone know?? Your answers will be a great help to us as we try to plan for our wedding and the purchase of a home with some of this money. Thanks!!

2007-05-07 11:36:26 · 2 answers · asked by deeregurl20 2

I printed 3700 magazines in Nebraska, I live in Montana, the printer is trying to charge me $125 sales tax, can they do that?!

2007-05-07 10:05:16 · 7 answers · asked by Amy L 1

2007-05-07 09:54:01 · 2 answers · asked by jettalady1 2

It has been 1 yr, 7 siblings, and no communication from executor.

2007-05-07 08:46:02 · 2 answers · asked by kmusicman 1

Is it too early to worry?

2007-05-07 08:29:06 · 3 answers · asked by Anonymous

2007-05-07 08:15:26 · 9 answers · asked by Anonymous

IRS sent me a fine notice of $1200 for not report $100 of interest on one of my old bank's savings account. I do not recall if I got that statement or not, but it is true it never got reported.

What options do I have and what are the steps that I should take to fix this problem? I am a poor student who is bearly meeting both ends, and my friend helped me do the tax....pls help.

2007-05-07 07:55:31 · 8 answers · asked by Mike N 2

I am single and have no dependents and no one can claim me as a dependent. so, is it only one exemption?

2007-05-07 07:52:32 · 6 answers · asked by Anonymous

2007-05-07 07:33:44 · 2 answers · asked by mau 2

I've heard that we now have to put a value on the clothing I donate to Goodwill.

2007-05-07 07:08:37 · 3 answers · asked by JULIA R 2

I have shares of an Australian pharmaceutical company that I purchased in 2002. The shares have increased significantly in value, and I am ready to sell them. Unfortunately, I am uncertain of the tax consequences.

Would the capital gains be taxed at the long-term tax rate of 15% like a domestic stock? Will the gains be taxed at my regular income rate? Or, is there a special tax for foreign investments? I have searched the Internet and the tax guides at my local bookstore, but I cannot find a definitive answer. Any help would be greatly appreciated.

2007-05-07 06:56:13 · 3 answers · asked by KevinM 2

Selling on ebay I didn't make enough to file tax returns but I'm starting to worry about taxes and all.
Any help?

2007-05-07 06:25:01 · 7 answers · asked by M H 1

2007-05-07 06:06:41 · 10 answers · asked by sparkle_babi86 3

we received money on the sale of a home from my husband's relative who passed away a few months ago; the sum was divided between several family members. Do we have to pay taxes on this?

2007-05-07 06:03:38 · 3 answers · asked by honey 4

I'm a non resident alien in this country. My tax adviser filled up the form 843 asking for the refund of my Social Security and Medicare more than 2 months ago.
I just spoke with somebody at IRS (after waiting more than 1 hour in line), but it seems like they don't know what I am talking about. Somebody knows how can i get information about my refund status for the 843 form..?
Thank you in advance

2007-05-07 06:02:26 · 1 answers · asked by francisco a 2

If I keep the receipts for the gas I buy? Its not for a company vehical or anything like that. Just in general.

Thanks

2007-05-07 04:30:55 · 6 answers · asked by Jimmy 1

What are the tax rates and are there any rebates for a married person (with a housewife and 1 child)?

2007-05-07 03:37:57 · 3 answers · asked by NS 2