United States - May 2007

2007-05-02 19:25:12 · 6 answers · asked by rtrujillo5150 1

I have no dependents.

I heard they have a website where you can figure it out.



Thank you

2007-05-02 17:00:06 · 8 answers · asked by mdboomskwad.mc4u 4

My understanding is that under Crane doctrine the tax basis of the property to begin with is Equity Invested + Financing (recourse or nonrecourse doesn't matter). i.e. 20K down + 80K purchase money mortgage = 100K. What if the property is appraised for only 80K right before purchase but purchaser paid 100K? Is the tax basis 80K or 100K.

In other words, is the tax basis the actual assessed value of the property or is the tax basis the total investment?

Thanks,
Ben

2007-05-02 16:05:58 · 1 answers · asked by bnk89 1

Can I put $5000 or is she only allowed to put up to what she makes?

2007-05-02 15:20:37 · 3 answers · asked by old & free 1

2007-05-02 15:05:11 · 3 answers · asked by razz 1

2007-05-02 14:49:56 · 6 answers · asked by mom of 10 1

How much tax do you pay in the USA when you earn interest on a certificate of deposit?

2007-05-02 14:27:16 · 7 answers · asked by planeboy747 1

2007-05-02 14:15:30 · 11 answers · asked by michelle c 1

With the additional states choosing to tax internet sales, are more people going to choose to stop making internet purchases and instead choose to go to the regular brick & mortar stores? (ex. Shopping on Barnes & Noble's or Borders' web sites vs. going to their actual stores)
How do consumers feel about this tax on internet sales?

2007-05-02 14:06:34 · 2 answers · asked by kyrissanean 1

2007-05-02 13:56:42 · 8 answers · asked by John 2

i didnt want to buy a house because of the taxes are so high. but my boss said you get all that money back is this true

2007-05-02 12:58:55 · 5 answers · asked by Anonymous

I am starting a Daycare and am wondering what the best way to do taxes is.

2007-05-02 12:34:23 · 5 answers · asked by caden S 1

When my son turns 18 will the money he recieves each month under my husband's social security (which I know stops) be added back onto my husband's monthly benefit?

2007-05-02 11:57:22 · 1 answers · asked by jane m 1

Currently I am in the 25-30% tax rate. I can easily find a part time job that would net me another 30K. Should I hold just give up 30% of the additional income or even more because this additional income will push me into a new bracket or is there something I can do to keep more of the money I work for. Will I be working for the Government? At what point is it a waste of time?

2007-05-02 11:17:42 · 4 answers · asked by ARM 6

I was hurt in an accident and had a brain injury. When I came out of it and got my brain back I found out I had not paid taxes on income for 6 years. The IRS says I have to pay it and pay the interest and pay the fines. I AREE I need to pay the money. I was making money, just too stupid due to head injury to know to pay taxes.

My question is I am 43 years old and with what I can make it would take me 70 years to pay all the fines, back taxes with interest. They took everything I had and I live in poverty and while I make a good living it all goes to the IRS except for $700 a month to pay for food and housing.

Should I just Kill Myself becaue I will never have a life. If I make more money they said they will take more money out of my paycheck. I have been told I can not stop working becasue if I miss payments then I go to jail.

Should I just Kill myself? Would You? Be honest. I don't want pep talks, just real honest answers under the facts as they are now.

2007-05-02 10:47:08 · 13 answers · asked by Ken 1

I recently recieved my settlement for a job related injury and would like to invest my money in a CD. Would i have to pay taxes on the interest earned on this investment?

2007-05-02 10:22:12 · 10 answers · asked by Felipe G 1

2007-05-02 10:08:56 · 3 answers · asked by Matt S 1

I own some land in WV that I would like to sell. The problem is, I have only been the sole owner since Nov 06. How long do I need to wait to substancially reduce capital gains tax when I sell it. Any advice would be totally appreciated; I'm a newbie at this. Thanks!

2007-05-02 09:55:25 · 4 answers · asked by flinch 4

Filed on 1/16, CP-05 letter, call the advocate he sent me a letter on 3/28 saying what info I needed to send to him and that he would call me by 4/27, he did not. I call him he doesn't answer and his voicemail does not have room for me to leave a message. So today I called the IRS spoke with a very nice rep who actually tried to help me, he said that the date that he showed in the comupter for the advocate is like 3 weeks ago, incorrect!!! He filled out some kind of a referral for me and said that I would have to wait another three weeks, what really sucks is that I am almost sure they are reviewing it do to EIC which I claimed because I was nice enough to take custody of my nieces instead of letting them go to a foster home, but look who gets the short end of the stick. Now, I am stuck needing to pay my mortgage which is 3 months behind because of instead of paying it I paid my real estate taxes of 4000.00. Can anyone show me the light at the end of the tunnel please?????

2007-05-02 09:26:19 · 6 answers · asked by Joey G 1

Just now he decides to be worried. Says he is not sure he can even find much of the paperwork, w-2's I assume or whatever. What can he do? Should I tell him to call the IRS directly and work something out or what? This guy has kids and doesn't he risk going to jail for this? We are not talking about a rich guy here either.

2007-05-02 09:25:00 · 8 answers · asked by Moose 5

2007-05-02 09:19:16 · 4 answers · asked by David P 1

How much does one have to pay for inheritance tax in California?

2007-05-02 07:33:15 · 5 answers · asked by Kevin K. 1

2007-05-02 07:00:51 · 4 answers · asked by winbetca 1

Do you file your return and your extension paper to two different places? Or do they go in the same enevelope?

2007-05-02 06:42:31 · 2 answers · asked by Anonymous

2007-05-02 06:26:41 · 3 answers · asked by Anonymous

We plan to use a home equity loan to rebuild our studio, putting the loan money in a separate bank account and using that account solely for "construction costs" to ensure the interest remains tax-deductible.

Question 1: We're paying an architect to design the building and we have to pay the city a permit fee to review and approve the design. Are these two fees considered part of the "construction costs" of a building so we can use the loan to pay these without worrying about the IRS coming after us?

Question 2: Given this scenario, would it be wiser to use a Home Equity Line of Credit so we only borrow what we need when we need it? My concern (as always) is variable interest rates on the lines of credit, so I'd get a lower interest rate today, but it might be higher next year.

Thanks!

Joe

2007-05-02 05:19:14 · 2 answers · asked by Anonymous

Just answer the question to the best of your knowledge...

2007-05-02 05:15:13 · 3 answers · asked by aaaman_2000 1

2007-05-02 05:11:38 · 3 answers · asked by poi 1

Considering an income of say 70K per year and, how much difference will it make in my taxes? I am not even sure if I have to file NY state taxes or NJ. Thanks in advance!

2007-05-02 04:40:40 · 6 answers · asked by khands_r 1

I'm very confused and cannot find how or where to report it, and I'm not sure if a gift tax or income tax applies. Please help!

2007-05-02 04:38:27 · 18 answers · asked by yah00geek 2