United States - June 2007

will i be charged sales tax on $140 or $40? in other words, do i have to pay sales tax on the hundred dollars that was discounted? i think it was a retailer's coupon. i am in the state of colorado if that helps.

thank you for your help.

2007-06-18 05:59:44 · 5 answers · asked by Tara F 1

2007-06-18 05:37:41 · 2 answers · asked by Anonymous

My last pay check they took out quite alot of money. So what i was wondering would it be smarter to claim exempt to save myself from paying the taxes, or pay the taxes now and later get the tax return? I am confused on the subject was just wondering some input!

2007-06-18 05:17:42 · 8 answers · asked by Ronster 3

I was always told that if you file zero on you taxes, that means that you are claiming "zero" and that they will take the most amount out of your paycheck so you most likely will not have to owe money (or as much) as if you were to file 1 or more. is that correct?

2007-06-18 05:05:01 · 8 answers · asked by daniella s 1

Before my marriage in 99, I worked at a small company making hardly any money. That entire year of 99 my ex-husband and I dated. He owned his own business. We were married in Dec of that year and filed together for the refund the following year using my social security number. Shortly after, I got a statement from the IRS stating I owed almost $18,000 and the IRS has been taking my tax refunds for almost 3 years now. My husband works for himself and doesn't even file so I'm left to pay the bill. Each year interest occurrs and it looks like I will never pay it off. I feel that since I did not work in his buisness or even know how much money I would be charged with, I feel like I shouldn't have to pay this money back. That entire year, I had nothing to do with his business even though I filed with him. Doesn't this seem unfair and how do I get out of this?

2007-06-18 04:35:57 · 3 answers · asked by precious girl 1

For our 2006 taxes we went to H&R Block as usual to file. Me and my BF have been together for 6 years and have 2 children together. We have always filed single and I claim as HOH and our 2 children. This year when we went to file the tax preparer was lecturing us how last year we should have filed married, filing jointly because we have been together for 5 years... when I asked her why she told me California's Common Law. She said we could be audited for our 2005 return. To make this story short we filed our 2006 taxes as married jointly in Feb 07', per our tax preparer advice. Anyways I've done my research and California doesn't have common law and I am soo pissed! I'm scared that I'm gonna get trouble because I took too long and didn't research this right away. Can anyone give me advice, and is filing the 1040X the right form I should use or is too late?

2007-06-18 04:23:57 · 4 answers · asked by Pinionesfam 2

2007-06-18 03:54:18 · 8 answers · asked by Michael W 1

I'm doing some freelance work for abouty $8,000. Should I register a business and have the pay directed to the business, or should I just have them pay me directly. From a tax point of view, which is preferable?

2007-06-18 03:03:18 · 3 answers · asked by natman 2

If a company donates goods for services, can they use it as a tax write-off and at what percentage? Do you know the law # to refer to? The goods are for our troops, if this matters with determining which tax law applies. Thank you.

2007-06-18 02:56:31 · 4 answers · asked by Faeriesmagic 2

I lived in the United Kingdom, but I work online and my work is in situated in Florida and I have a bank account opened in Florida, US. Where would my tax be claimed? In the United Kingdom because I live there or Florida because my work is situated there?

I know there is no income tax in Florida that is why I am asking.

2007-06-18 02:10:08 · 5 answers · asked by Dee 2

2007-06-18 01:32:55 · 5 answers · asked by Melissa A. 1

Hi, I work in a job where I make bonus pay each month. I have a salary and then any hours over 150 each month is counted as bonus pay. I have noticed that my effective tax rate for regular pay is about 10% but about 25% for my bonus pay. Why is this? Is there something that I can change to reduce that rate?

2007-06-18 00:14:19 · 5 answers · asked by dsjnix 1

Also does anyone know what the tax brackets are. ie how much of your income is taxable?

2007-06-17 23:13:12 · 1 answers · asked by Anonymous

Which way would I be better off at the end of the year? Claiming less deductions will result in more taxes taken out, but increasing my 401k would result in my taxable income going down, so I'm not sure which way to go.

2007-06-17 22:01:45 · 4 answers · asked by Anonymous

Thanks for looking. I started working at 16 and have never filed taxes. My first year i made approximately 12,000 or less working a part time job. The second year was around the same working another part time job. What can I do? Will I get in trouble? Thanks in advance.

2007-06-17 21:47:27 · 7 answers · asked by J J 1

I have a full time job that I file 1040EZ and I am starting a part time business that I would like to write off business expenses separate from my full time job. Is this possible?

2007-06-17 20:04:57 · 4 answers · asked by gidn 2

2007-06-17 18:41:34 · 1 answers · asked by vive07 1

Should I put aside $150 for every 1,000 or more?

2007-06-17 17:11:57 · 3 answers · asked by Anonymous

2007-06-17 16:59:23 · 2 answers · asked by Anonymous

ok so im only 12, im a girl , im a good artist, ive been going to shows with my mom since i was born, im smart, good with kids, and good with money. i want to start my own face painting business. is this a good idea? and how old do you have to be to get a tax id number?.

2007-06-17 16:53:53 · 8 answers · asked by Anonymous

2007-06-17 16:28:19 · 4 answers · asked by Jim S 2

2007-06-17 16:14:00 · 8 answers · asked by catphish 4

Are there any advantages to filing by mail (other than you dont have to send your check until April 15). Any reasons you have to file by mail?

2007-06-17 15:07:06 · 5 answers · asked by angel_rat_83 1

I filed a 1040X admendment on April 4th, 2007 and still waiting on my refund. Why does it take 3-4 weeks to process admendmends? I also received an additional W-2 form that was not included in the admendment. I took it to my tax preparer and he stated that since my salarie, wages was $340.00 it did not need to file an additional admendment. Is that true and can I use this W-2 when I file my 2007 taxes?

2007-06-17 14:37:30 · 2 answers · asked by Katie G 1

This is a hypothetical example. I earn 50k per year from interest and dividends from savings. The only other income is 25K from social security from my wife and I. Total of 75K. Do I include the Soc Sec as income on the tax form?

2007-06-17 14:07:42 · 3 answers · asked by Anonymous

2007-06-17 12:15:51 · 2 answers · asked by joey h 1

2007-06-17 11:38:35 · 3 answers · asked by angel_rat_83 1

I am concerned of what would happen if an employer says they are deducting $X of taxes from a paycheck each week but doesn't actually send in as much as they claim to the government. Does the employee then owe money come tax time? What if they were taken advantage of without their knowledge? For example: Their paycheck was stiffed each week and then they end up owing even more to the government? Would the employee be held responsible for that missing money?

2007-06-17 10:04:46 · 6 answers · asked by sometimes 1

I think a flat tax is as fair as it gets, doesnt matter if u make 1,000,000 a yr or 12,000 its in no way shape or form the gov. job to play robin hood. the excuse that it hurts the poor is a bunch of B.S. with a simple tax code and flat tax everyone would benifit. Is it the socialist take from the rich give to the poor mentality that keeps this from happening. The way i see it the rich dont pay taxes and the middle class have to pick up the slack as well as give to the poor.

2007-06-17 09:07:13 · 7 answers · asked by johnywinslow 3

I have moved to a state with a state income tax from one that does not. I still own property in the previous state as well as my new one. My company which is based in my old state has not started to take out state taxes. How will this be detected from my new state?

2007-06-17 07:40:58 · 5 answers · asked by morales 1