United States - June 2007

2007-06-13 11:06:32 · 3 answers · asked by James W 1

Are there capital gains taxes? Does this get added to total income?

2007-06-13 10:58:35 · 2 answers · asked by dpressim 1

I am single, I have 1 depoendent, I can claim head of houshold & the child tax credit. If I fill out my W4 according to what is true, I can claim 6 allowances. Is this a bad idea? I never seem to have extra money to pay more taxes at tax time. I almost rely on a refund. How do I "break even" so that I don't have to pay at the end of the year but my paychecks are still substantial?

2007-06-13 10:48:53 · 5 answers · asked by Beth 1

I am married and going to college, and my wife is also going to college. My question is on the tax rebates that you get from being a student. I know that you get like $2000 refund from being a student, but my tax guy said that because we are married that we can only get the $2000 from one of us, instead of the full $4000 that we would have got if we were supposed to be single. Is that true? Is there a way to get my full refund? I feel like i keep getting screwed (of course) everywhere I turn because me any my wife are trying to survive and move up in the world (and be smart), but we can't ever get help with school. We barely made 30,000 together last year so we no longer get grants (but seperate we would have got a lot!), and we only get half of our rebate. We are waiting to have kids after school, so we also get screwed because of that, even though it is the smart decision to wait because of time and financial reasons. Please help.

2007-06-13 10:38:44 · 3 answers · asked by Silver Fox 2

i do not want any taxes witheld from my check, but i am trying to see if i should adjust my w4 my husband is cliamimg 6 for federal and 3 for state and our combined income is 61,600 what should i do? can i claim like 10 so that i dont get alot taken out, especially since my husband is already taking out exemptions. please be specific with your answers thanks.

2007-06-13 09:40:17 · 9 answers · asked by haley01 1

Is there a limit to a contribution a spouse can make to a company sponsored 401(k) plan if her husband (sole owner of an S corporation) has a fully funded pension plan (SEP) through his S corporation?

2007-06-13 09:30:39 · 2 answers · asked by Radiant 1

just started a new job and got a big raise. I am renting a new house and would like more money on my check but not have to end up paying at the end of the year. I currently claim zero.
I am single, no dependents...I need the extra cash to help cover rent and other monthly payments.

2007-06-13 09:20:24 · 3 answers · asked by ls2goat 1

A friend of mine is receiving about $3,500 from a relitive who passed away. She wantes to put that money towards her uncle's funeral costs. Her uncle is in a nurcing home and other than being parylized and diabetic he is healthy. He most likely will live another 30 years. Is there any way to safley invest that money so that in 30 years it will cover the cost of a funeral and so she will not get hit with taxes on the interest. She cannot put the money is his name or the nurcing home will take it.

2007-06-13 09:12:29 · 1 answers · asked by Anonymous

Hi,

Just wondering what I need to do to get a tax ID#. There is something that I need to fill out which requires SS# or a tax ID#. I would really prefer NOT to pass out my SS, so would like to get a tax ID instead.

How do I go about this and how long does it take? Does it cost anything?

Thanks for your help!

2007-06-13 09:09:17 · 7 answers · asked by animal lover 4

2007-06-13 08:56:27 · 6 answers · asked by Anonymous

im a college student who hasnt filed my taxes yet. i made around 10,000 under the table how do i go about paying my taxes on the $ i made? someone told me not to go to H&R block or one of those places but to go to an accountant instead, can anyone help me

2007-06-13 08:53:19 · 4 answers · asked by wikkedsun 2

I need to do a pay roll check and I don't knwo what is the % to deduct?

2007-06-13 08:34:52 · 2 answers · asked by elvirarodriguez 1

2007-06-13 08:09:32 · 5 answers · asked by Anonymous

I'm a student so my income tax check was only about $13.08, but when I got it back it was $1308. Now I went through the web of push this number and hold, still am actually, but I have no idea what to do. Help please. :)

2007-06-13 08:09:08 · 5 answers · asked by hotlips4784online 1

i am selfemployed, I have an online business.
I get 1099's for money i receive.

Do i pay taxes on the amont of those 1099's or do i pay taxes on te money i have left after i pay my own bills?

2007-06-13 07:48:44 · 13 answers · asked by crystalnjohn06 2

Can I give my 2 children 12K each and then take some out if I need it down the road? Both are under the age of 6. Not sure the exact rules. Thanks!

2007-06-13 07:16:59 · 5 answers · asked by Curt L 1

I am a mother of two and looking for a small business to do so i will have flexible hour for my kids. I need some money to start up and i am thinking may be i should take money from 401k. I wonder if i have to pay penalty for early withdraw and how much is it?

Thanks for professional anwser

2007-06-13 07:11:48 · 7 answers · asked by antoine 1

2007-06-13 07:07:14 · 5 answers · asked by BlessedtoBe 1

The house is located in Lockhart Texas. Father-in-law has alzheimers. Don't know when the house was put in his name. His wife is deceased. The property taxes was paid by another family member. No one has lived in the house for the past 4 months.

2007-06-13 06:52:19 · 3 answers · asked by Tee 1

When i filed my taxes i had forgot about a job i had in the beging of the year. i only made like $500 and i moved since then so i never got my tax thing that i had to turn into the lady that did my taxes and now i remember. whens gonna hapen what should i do?

2007-06-13 06:46:19 · 4 answers · asked by Anonymous

I need to find a software system that can be automatically configured to work with the online version of Quickbooks. I am currently shopping for a tax system that will automatically work with Quickbooks online version to determine the sales tax on a state by state basis as well as help to identify what tax is necessary for what products. If you have any idea of where I can look for this please respond. If there isn't a software that will work with the online QB program I am okay with hand entering. But I need the program to be customizable so I tell it what I've sold and what state I sold it to and it tells me how much tax to charge. Please note I am using Quickbooks -ONLINE- version. It is not the same as the desktop versions.

For the most part our tax needs will be based on hardware, software, installation, shipping, site work, and contractor site work. Any assistance or recommendations are welcomed.

Thank you!!

2007-06-13 06:38:10 · 3 answers · asked by Nunya M 4

2007-06-13 05:44:02 · 5 answers · asked by dgizrobin 2

How does this work? I know certain states don't have state tax but If I work at a state with no state tax but live in a state that does, do I have to pay state taxes?

2007-06-13 05:10:23 · 3 answers · asked by Dan M 2

I have a good IRA money pile and I want to use that money to assist me on the purchase of a business. I know you can use IRA for other investments, including income producing real estate, so why not tranfering assets from stocks to ownership of a business? The asset would stay in my IRA account. What so you think? Where would the statutes be located so I can read them for myself. (I'll continue to look arounf the IRS site).

2007-06-13 02:51:48 · 8 answers · asked by Tom _ Red Sox fan 3

I will be living in the second house when I am working at my job and go to my original home for my days off.

If it is not tax deductible, is there any tax breaks for being forced to move away from my home because the economy is much worse there than the average (according to media and government reports).

2007-06-12 23:23:59 · 4 answers · asked by Traveler 4

I do not want to sell my home and am considering buying a second place near work. Will both mortgages be tax deductible on my year end income tax?

2007-06-12 23:17:31 · 3 answers · asked by Traveler 4

Hi I do a online business on ebay and it makes me good money, but I dont have a regualr job that will go into my irs as taxes. I want to buy a car is there a way I can like put the money that I make online into my irs, if so wont I pay money? Also is there a way not to do it without the proof of income can I show them something else. My credit score is gona be 702 around there in 2 months. I want to buy a new car, (first time buyer) How would I go about doing this all? Thanks in advance!!!

2007-06-12 19:11:30 · 5 answers · asked by Anonymous

I'm 17. Basically I'm new at this whole 'income tax' thing. I got my first job at Wendy's a few months ago. They had me fill out a 'W-2' form I believe.

Money is autimatically took out of my paycheck for taxation. Though today I started earning money by taking online surveys (I did some looking around and found a legit site, among a few others). How am I supposed to report that money earned? It's not took out automatically. Should I take out 15% of each check and then submit it when the IRS asks for it? And how am I supposed to report it in the first place.

Despite the extra money from the surveys, what am I supposed to do with my Wendy's income when 'tax time' comes around.

I'm so confused!!!

Someone explain some things to me, please.

2007-06-12 19:06:25 · 7 answers · asked by N/A 3

Do I convert the title first before selling it? (how's the tax base calculation?) Or should I sell it under the trust( my aunts are the trustees)? Which tax base of selling title will be higher so that I can pay less capital gain? Thanks.
Also my aunt is getting Federal Supplemental Security Income (SSI). She has no money interest (not a beneficiary) with the living trust. Does it hurt her SSI Status from being a trustee? Thanks.

2007-06-12 17:46:56 · 4 answers · asked by EggshellHead 1

Another scandal of the U.S. Govt. is the fact that taxes on gasoline (and tobacco, but I don' t smoke so I don't care) are imbedded in the price, so the consumer has no clue what they're paying the govt. when they purchase those goods. If the average citizen knew how much money the govt. was making on a tank of gas, there would be riots in the streets.

That being said, those are still taxes and should be able to be deducted on a return right? If not, then that money is being taxed twice (income and gas tax). If I can deduct the gas tax from my taxable income, where can I find the amount of tax per gallon I purchased? I have all my receipts, but there's no "tax" printed on the slip. Thanks.

2007-06-12 17:18:13 · 9 answers · asked by Spaghetti Cat 5