United States - May 2007

I am not working, as I am back in school and my only income is help from my parents. I am too old to be a dependent. I am not sure how to report that income, since the only place I see to report it on the return asks for an employer ID -- but reporting no income seems wrong, so.... ?

2007-05-04 10:16:31 · 8 answers · asked by Anonymous

2007-05-04 10:01:35 · 7 answers · asked by tony r 1

2007-05-04 09:55:52 · 6 answers · asked by just a girl 2

At what point would a self-employed individual be able to start paying a lower rate of SE tax?

2007-05-04 09:35:19 · 3 answers · asked by Koji Kabuto 2

2007-05-04 09:30:12 · 5 answers · asked by Choppygutz 2

My husband & I file separately. He owes back taxes, I don't. Can IRS take our home if the house is in both our names?The house ain't much, but it's paid for. How can they take half a house?

2007-05-04 08:57:21 · 4 answers · asked by D J 4

I understand the implications with the wash-sale rule with stock and option's trading, but it is interesting to see how it works with debit spreads, where for example you buy one 50 December call of XXX and in the same time sell one 55 December call of XXX.

2007-05-04 08:03:59 · 5 answers · asked by malivo 1

First off,I don't believe or support the war in Iraq (never did, never will), and now my state legislature is looking at using some taxpayer money ($2 million in a state with population under 1 million) to fund what has previously been a private crusade. The "Not Even Once" line of shock-and-scare tactics to keep kids off drugs adverts have previously been funded by a private entity, and now we're being FORCED to provide monies for it--again, a policy I don't believe in (scare tactics, from the research I've seen, don't work anyway).

So my question is this--are there legal ways I can voice my opposition to these policies by removing my unwilling funding of them?

2007-05-04 08:03:06 · 10 answers · asked by djjohnnychrome 2

I'm starting a new job.. my first salary job. Benefits are included and paid for by employer. In trying to figure out my net pay, is it always around 25% that is taken out? I've heard as high as 28%... craziness, sheesh!
I'm not married, do not have children nor own a home. Any ideas of what the govt. may scoop out of my paycheck and if it is consistent in that percentage week to week?

2007-05-04 07:18:20 · 4 answers · asked by Mg 1

Selling an investment property on a short sales but am required to sign a promisary note for the difference, approx $50k, am I amble to claim as a deduction on my federal taxes?

2007-05-04 07:17:14 · 2 answers · asked by Larry 1

2007-05-04 07:01:18 · 9 answers · asked by Anonymous

2007-05-04 07:00:02 · 3 answers · asked by Anonymous

I am a US citizen, would i have to pay taxes? also, could i do illegal things like drink before i'm 2,1 do drugs, and rip the tag off of my mattress?

2007-05-04 06:38:43 · 4 answers · asked by Anonymous

I am getting married in July and my fiance has not filed his income tax in the last 3 years. If he files before we get married and owes money (and he will owe) does that make me in any way responsible for repaying any monies owed? I know there is no way he will be able to pay any money owed before the wedding. I just don't want the irs to garnish my wages or take money out of my bank account. After we are married, Does that make me responsible for the past 3 years? Does that make me responsible for any years in the future that he does not file????

2007-05-04 06:13:17 · 9 answers · asked by rhonda_kirwan 1

2007-05-04 05:51:12 · 5 answers · asked by Katie M 1

2007-05-04 04:46:10 · 5 answers · asked by systeck10980 1

We are a single-income family and we're about to have our first baby. How many exemptions should we claim on my husband's taxes? 3? Also, what difference does it make? My understanding is that they will withhold less money each month, but will we then owe money at the end of the year? Or will the extra deduction from having a baby kind of even it out?

Any insight is greatly appreciated!!

2007-05-04 03:51:06 · 5 answers · asked by Anonymous

Let's say you became an amateur property investor... and then managed to buy ten separate properties (through whatever means, don't worry about the costs of loans or whatever-- the point is that you purchased the ten properties) and got them for a somewhat reduced cost so you immediately put them up for sale for a higher price and sold them within, let's say, 3 months, maybe less. Does the amount of property tax depend on how long you own the property or the fact that you own it at all? In other words, you only owned the properties a fairly short time and they were up for sale all or pretty much all of that time, so do you have to pay property tax or is it only if you own the property for a larger part of a year or the whole year?

2007-05-04 02:48:29 · 7 answers · asked by Anonymous

I have worked at my current job for seven years and we get payed vaction but my employer says i took off six months which i didnt and said i need check stubs from that year to prove it which i dont have is there anyway i can get some information from 2001 like SSA or IRS

2007-05-04 02:25:28 · 3 answers · asked by wetebony@sbcglobal.net 1

We live outside the US and far away from the embassy and they will issue one only after I get him a passport and if I bring the baby and husband with me, which is difficult. Can I put ss# n/a? Or not mention the child at all, or would that be illegal?

2007-05-04 02:19:20 · 2 answers · asked by Anonymous

2007-05-04 01:21:11 · 6 answers · asked by pjpbrowneyes 1

2007-05-03 21:46:51 · 3 answers · asked by slim 1

2007-05-03 18:19:59 · 7 answers · asked by courtneyoh6 1

2007-05-03 17:34:14 · 11 answers · asked by Woody 1

2007-05-03 16:38:35 · 1 answers · asked by jim b 1

2007-05-03 16:38:10 · 4 answers · asked by jim b 1

2007-05-03 16:07:49 · 4 answers · asked by Anonymous

If the sales tax rate is 6.5% and the tax on a purchase is $39, what was the amount of the purchase?

2007-05-03 15:48:22 · 6 answers · asked by momov4 1

My child is thinking about a home purchase and I was considering financing the loan myself, and thereby providing a much better rate, no closing costs, etc.; my question concerns end of year tax considerations.
My child would claim the interest paid, and I would claim the interest income, but how does an individual go about reporting this? Financial institutions send a 1099; can an individual do the same, and how do you go about it?
Anyone have any thoughts on this? Thanks.

2007-05-03 15:02:03 · 4 answers · asked by John W 3

How can I check on my tax refund?

2007-05-03 14:31:18 · 2 answers · asked by Ruth L 1