United States - June 2007

Although the surgery was elective it will have a major impact on my well being and acutally and save me money on drugs I take in the future.

2007-06-15 02:36:12 · 6 answers · asked by rdclarke50 2

I recently joined a non-profit org as a member. The form stated that membership dues are not tax deductible (although it did state that substantial donations to the organization's "foundation" are). Is this correct?

Also, I recently sponsored an event to benefit this non-profit. Included in the sponsorship package was listing on advertisements and websites. Could this be deducted as "advertising"?

Thanks for any informed assistance.

2007-06-15 01:18:58 · 4 answers · asked by no please 2

Im asking this question for someone else....
The situation is... the married couple is in the process of a divorce, they file jointly they owe a large sum of money to the IRS now.
Soon to be x-wife is to blame for debt (although she went to HR and Block, they still let her deduct things that are not permissable), the husband recieved a letter saying that x-wife has not been making payments and they have ten days to make arrangements. The husband went to the IRS office and said he doesnt qualify for Spousal Relief. Few days back the x-wife said that she filled out a form that will let her transfer the debt solely to her...
I have never heard such a thing and I would assume the closest to what she is talking about is the "Spousal Relief" form, but neither of us qualify...
So what the hell is the x-wife talking about??

2007-06-14 19:41:48 · 4 answers · asked by Anonymous

i own a RV in south carolina. can anyone tell me if its legal in south carolina to form a LLC in montana from my RV to reduce my taxes for south carolina?

2007-06-14 18:53:35 · 3 answers · asked by AMANTILLADO 2

Want it for tax records.

2007-06-14 15:44:46 · 2 answers · asked by nature lover 1

Assume:
100k 1099 Income (consulting)
50k Salary paid to employee owner
25k in eligible deductions/write offs
Leaves 25k to be distributed to shareholders (me)
Do I get taxed on that 25k if I don't take it out of the business? If I do take a distribution, what is the tax rate?

2007-06-14 15:00:18 · 3 answers · asked by aheadofthegame 1

2007-06-14 14:34:46 · 4 answers · asked by angel_rat_83 1

The IRS sent me the 1040-ES form and don't know what to do about it. It didn't come with a letter or memo telling me what I need to do. It was just the form with some vouchers. Am I required to make payments or can I just ignore it and pay my taxes in full at the end of the year?

2007-06-14 14:01:38 · 3 answers · asked by lnn1205 1

2007-06-14 12:50:28 · 6 answers · asked by Anonymous

I drive approx. 50 miles one way to work into a bordering state. I return home each night. Can i claim these miles driven on my tax return?

2007-06-14 12:41:56 · 5 answers · asked by skot302002 3

We closed on the house last year in mid-May, and now they want to do an assessment for 2007. I know that whoever owns the house on 1-1-06 pays the taxes for the entire year. Are they refiguring for MY taxes now? I just don't get it.

2007-06-14 11:43:04 · 2 answers · asked by c_a_m_2u 4

my husband and i have three kids. we both work. i wasn't working previously and i just got a job and claimed one since he claimed me and our three kids on his. on his w4 he claimed 5. he obviously needs to change it since i am not a dependant of his since i have a job now. so does he claim the kids? he makes more money that i do so more taxes would be taken out? or should i claim the kids so the taxes are taken out of my check rather than his. and is it best to have money taken out of the check so you get it back or best to...well, i don't know the other options. filling out a w4 confuses me, although i can do our taxes!! ;o)
thanks for your help.

2007-06-14 11:39:30 · 5 answers · asked by pwrgrlmanda 5

I worked a little bit in 2000 and have about $50 tax withheld that I never bothered to file for, and now I'm wondering if I could file to get that money, or if it's to late.

2007-06-14 11:26:34 · 2 answers · asked by all_purpose_white_guy 2

I am currently unemployed and I am in debt with the IRS thanks to my wife. If I owe the IRS money what can they garnish if i am unemployed??
My x-wife is a real estate agent and she's making little to no money, but has two expensive cars and a huge house....
If I can't pay and SHE doesnt will they garnish her cars?house?

2007-06-14 11:26:19 · 3 answers · asked by Anonymous

I want to put the money back into the IRA that I borrowed from it.....I trade the stock market with that money and don't want to deplete the account. I don't have to pay the penalty because I'm 60....I just need to borrow from the account temporarily.

2007-06-14 10:56:54 · 4 answers · asked by douhavethepipa? 2

2007-06-14 10:50:05 · 3 answers · asked by skinmsr 1

We just put a new roof on our house...is this tax deductible next year when we file?

2007-06-14 09:50:05 · 5 answers · asked by juda75 3

I rec'd the check, called Amex to verify that it was legit, cashed it and it cleared. My question is do I need to claim this as income on my taxes? I am a housewife, so not currently employed outside the home and my husband and I file jointly.
Amex was not very helpful. They just said that the check was
a refund of interest and fees and to check with my tax person.

2007-06-14 07:51:07 · 2 answers · asked by fletch 2

I 1031 Exchanged into my properties. And I want to build townhouses on them and sell them. Do I have to realize the defrred tax from depreciation?

2007-06-14 07:42:54 · 1 answers · asked by Johnny C 1

Existing home cost $200,000, selling for $240,000 18 months later, buying another home for $265,000. Do they owe capital gains taxes on the $40,000 increase in value? Also, they are taking $19,000 from the proceeds of the sale to pay off their car loan, so in essence they are putting $21,000 down and financing $244,000 - not that that should matter.

2007-06-14 07:28:20 · 6 answers · asked by lefty551 1

2007-06-14 07:01:07 · 3 answers · asked by chinchpokli 2

My wife just changed positions at her job and had to pick up more hours. Is it possible to increase our flex account due to a promotion?

2007-06-14 06:48:00 · 2 answers · asked by todd s 2

I am newly divorced and will no longer be filing my income taxes as a married person. I assume I will be claiming myself as a dependent and possibly one of my children as well. How do I get an estimate of what I will be paying out on a weekly basis?

2007-06-14 06:32:15 · 8 answers · asked by Becca 1

I owe back taxes and I am unable to pay. I work 10 hours a week at a job, and the IRS states if i dont pay i could have what little wages I make garnished. is there anyone i can speak to

2007-06-14 06:32:00 · 5 answers · asked by shelley h 2

The 1040_ES forms are due Jan15,Apr15,Jun15,Sep15. That's 4months, 3 months, 2 months, or 3 months, instead of 3 months each. Why does the IRS define "qaurterly" as 2 months or 4 months?

2007-06-14 05:44:46 · 5 answers · asked by Hgldr 5

2007-06-14 05:21:49 · 4 answers · asked by Shana R 1

during the year they dont have social security tax or medicare tax unless they excercised their options. also when they excercise their options the government dont get their share first meaning the government has this nice thing called withholding before you spend but ceos dont have that. the ceo gets their pay first then pay the government a lump sum. what are the cons of stock options? besides they can go down in value.

2007-06-14 05:07:23 · 2 answers · asked by Anonymous

Hi. I will be taking classes and will have to pay to park in a parking garage. Can anyone tell me if the money I spend parking (for educational purposes) can be used for a tax deduction... I have a feeling it's really going to add up over the year!

2007-06-14 03:59:17 · 4 answers · asked by ohmygosh 3

2007-06-14 03:51:45 · 7 answers · asked by sam 1

2007-06-14 03:46:38 · 8 answers · asked by A L 1