United States - May 2007

My husband has been filing Single two dependents on his check at work. He just changed to married 6 dependents. Will this make a diffrence on what he brings home?

2007-05-30 07:34:59 · 10 answers · asked by crystalt 1

2007-05-30 07:10:55 · 3 answers · asked by linda j 1

i'm tired of taxes eating me alive. i entered 1 is that the best option for me?

2007-05-30 06:48:30 · 5 answers · asked by game_099 2

Also can I place part of my wages directly into an IRA and how much of that can I deduct yearly? How much can I place into my favorite Charity?

2007-05-30 05:59:47 · 4 answers · asked by OzWiz 1

2007-05-30 05:58:49 · 12 answers · asked by Adam D 1

First: please only post an answer if you know what you're talking about! Thanks!

Question: I have a Roth IRA that was opened in 1998 with an initial investment of $2000. I have not contributed or done anything with it since and it is now $6717. Due to a personal financial crisis that will not resolve itself any other way, I am seriously considering closing my Roth IRA. I'm in my 30's and my distribution would not qualify for any of the exemptions provided by the IRS. I know that I face a 10% penalty as well as taxes.

How much would I actually get of the $6700 if I close the account, and do I pay the 10% penalty fee & taxes on the distribution upfront or at tax time?

I'm only considering this drastic option because: 1) I really need the money, and 2) I have a 401K building at work...so there is some retirement planning already.

Thanks in advance!

2007-05-30 05:06:12 · 4 answers · asked by dewmeister 2

1) No, I'm not a tax protester.
2) Yes I'm asking because of information I've heard from a tax protester.
3) No, Title 26 does not specify that YOU have to pay an income tax, nor is the IRS tax CODE a LAW.
4) The 16th Ammendment was never ratified.

and

5) What do you think about the film, America Freedom to Fascism where numerous IRS agents, tax lawyers, and congressmen have come out and said "There is no law that you have to pay INCOME tax". If you haven't seen it, I highly encourage you to watch it and get back to me on it.
Link to movie:
http://video.google.com/videoplay?docid=-1656880303867390173&q=freedom+to+fascism

I'm looking for a serious answer not funny people.

If you really can answer this question, there is I think a pot of $2 million waiting for you.

2007-05-30 04:56:26 · 14 answers · asked by Anonymous

My parents gifted me $24,000 ($12,000 / each) to help me buy my first house. I recently sold the house after just over a year of ownership because plans in my life have changed. My parents are asking for the money back since I no longer have the house. Because the money was provided as a tax free gift can I just give it right back with no tax issues? What would be the tax requirements if any?

2007-05-30 03:54:47 · 9 answers · asked by ulmer79 1

2007-05-30 03:32:02 · 7 answers · asked by Mark 2

2007-05-30 02:56:29 · 3 answers · asked by MARCELLA G 1

2007-05-30 00:22:17 · 2 answers · asked by nolegs 1

the stock at death was valued $100, what if when I receive the stock is only worth $50. Can the loss be tax deductible?

2007-05-29 21:10:48 · 4 answers · asked by rwhz199 4

I have an ammended return to send however I do not know where to send it. HR Block who done it for me have not let me know where to send it to. They just said to send it where I filled it but I done it online with them. Thanks in advance for any help

2007-05-29 21:06:52 · 2 answers · asked by woodymck_ie 1

I am single with no dependents and still live at home. What is the best to claim on my tax forms that I fill out at a new job? 0 0r 1 or something else?

2007-05-29 19:21:33 · 5 answers · asked by Anonymous

2007-05-29 19:12:09 · 3 answers · asked by m s 1

Okay, when we give 10 percent to God from our earnings/income, are we giving 10% pre-tax or after taxes? I just want to be right with God, LOL, dont want to short change the main man!

2007-05-29 18:58:45 · 13 answers · asked by darknluvelylady_757 1

I have accepted a job offer in California in the U.S. and I am wondering how much taxes I can expect to pay. My yearly salary is 65k and I am married with no children.
Thanks!

2007-05-29 18:46:14 · 4 answers · asked by Paul 1

Are IRAs included in the value of my estate for calcuating estate tax, if the beneficaries were my kids. Would it be different if it were rolled over to my spouse's IRA. I realize they would be taxed when they make the required withrawals each year.

2007-05-29 18:08:48 · 2 answers · asked by ninan 1

I just graduated college and I'm looking into establishing a freelance graphic design business on the side (weekends) of my career position. What am I able to deduct on taxes? (Computer hardware, software, portion of the rent, internet expenses, etc.) I'm mostly curious about deducting a portion of my rent, so it would be helpful to know if that's possible. Thanks in advance!

2007-05-29 17:04:47 · 2 answers · asked by Anonymous

I read that taxes are going to be imposed by this fall on internet shopping, new monthly taxes on DSL and other connections. One senator is even predicting taxes on e-mail.

Leave your comments.

Details here:http://news.com.com/Net%20taxes%20could%20arrive%20by%20this%20fall/2100-1028_3-6186193.html

2007-05-29 15:52:47 · 4 answers · asked by Ari 7

If you get money from a lawsuit, from a car accident you had and you used it to pay off your house, with out paying taxes on that money...are you in trouble?

2007-05-29 15:14:25 · 4 answers · asked by The Brown Bomber 2

I have a home-based small side business, and my customers usually pay me by checks with my name on it or cash. Should I file it with my W2 together no matter how much they are, or is there certain amount of money that I don't have to worry about deposit that money on my personal account?

2007-05-29 14:40:12 · 2 answers · asked by Anonymous

i'm currently workin for two different companies right now, both of them pay pretty good...13.00 on one and 14.93 the other. i will be working one of them mon-fri and the other sat and sun 16 hour shifts....can someone tell me how this well effect my taxes and if i'm just making a "tax mistake"....i am claiming one child, but also i help out with my sister's daughter i don't know if i can really claim her. let me know! please! thank you!

2007-05-29 14:24:56 · 3 answers · asked by tamara_attson 1

2007-05-29 13:46:29 · 2 answers · asked by ? 6

Bought a new car in Nevada. I live in California. Was told by dealer that the new law which allows for the sales tax to be calculated based on taxable sales price minus the trade in allowance multiplied by 7.75%would apply to California due to a reciprocal agreement. In my situation taxable sales price was 29,500 with trade in being 20,290. That would put my sales tax at 718.00 based on the new taxable amount of a little more than 9,000. California is saying that I must pay tax based on total taxable sales price. No trade in allowance. This is after the dealer in Nevada said that the new law would apply in Cali due to reciprocity. Cannot register auto until this is resolved. Refuse to pay over 1,600 more in sales tax when Nevada stated that I should just be liable for the difference between the two tax rates-8.25(CA) and 7.75(NV). Apprx 46.00 owed in difference.

2007-05-29 13:41:48 · 2 answers · asked by Earl S 2

2007-05-29 13:11:12 · 5 answers · asked by john g 2

Ok my husband and I filed for the EITC and CTC we have two children that live with us and are ours, 5 and 4 years old. The feds withheld the eitc but gave us the ctc money. Now their asking for the ctc money back and I have a 90 day letter of deficency now and have to petition the tax courts. My question is with the amount only being 2000 dollars should I represent myself?

2007-05-29 13:10:30 · 1 answers · asked by Indiana Raven 6

just a tax id and drivers license no social security or visa

2007-05-29 12:14:22 · 2 answers · asked by maristig 1

I could probably resolve my tax problems with a quick easy phone call to a human being. So far all the numbers and web info they provide only leads to more computers and recordings :-(

HELP! I need human intervention!

2007-05-29 11:56:58 · 6 answers · asked by allzeros 2

I live in Florida and turned them in fairly close to the deadline. Any help would be GREATLY appreciated (I'm looking forward to the extra cash for bill paying).

2007-05-29 11:33:40 · 4 answers · asked by The Y 1