United States - June 2007

Not that I have won that kind of money. I just wish I would.

Oh, and when I say 'the government' I mean the United States Government.

2007-06-12 16:32:44 · 7 answers · asked by Kosuke081 2

this is after basic state, federal and employment related taxes are withheld

2007-06-12 16:08:45 · 7 answers · asked by herenthere 5

2007-06-12 15:26:34 · 4 answers · asked by rodman 1

Okay so I just started a new job June 6th I worked for about 2 hours to learn everything and then I work 8 1/2 hours on Sunday and they haven't said anything about me filling out paperwork for a W2 and they pay me on sundays which is weird cause there are no banks open sunday. Everyone says this is very strange what do you think?

2007-06-12 15:19:29 · 5 answers · asked by Anonymous

Unless I am mistaken, before federal income withholding was created, everyone paid their taxes for the previous year by tax day. Then when the atrocity of withholding was enacted, all of a sudden taxes are due upon receipt of paycheck and not on tax day. I can kind of understand how withholding makes things easier for both taxpayer and IRS, but why not give the taxpayer the option to pay the old way, all at once?

I have two main concerns with this. By never having posession of the money, the taxpayer is less aware of the amount than if they had to write a check every pay period.

Secondly, before withholding, the taxpayer could set aside and invest the money and then pay at the end of the year. The longer the taxpayer has the money, the more they could make. But withholding is in essence an instant interest free loan to the govt.

The govt knows that the taxpayer is being exploited because it doesn't allow the individual to opt out of withholding if they wanted to.

2007-06-12 15:00:22 · 4 answers · asked by Spaghetti Cat 5

2007-06-12 14:45:06 · 2 answers · asked by Anonymous

2007-06-12 14:12:26 · 1 answers · asked by Michael J 1

how do i go about paying my taxes? can i pay weekly or monthly? is it expensive . what taxes do i have to pay? just state and city?i live in california if that helps.

2007-06-12 14:08:37 · 2 answers · asked by im whats up! 3

2007-06-12 13:48:03 · 1 answers · asked by Larry B 1

2007-06-12 13:47:48 · 2 answers · asked by curious_person 2

Personally, I think on of the biggest scams going is that the government gets my money from withholding immediately even though it's not due until tax day. So basically, it's an interest free loan to Uncle Sam so some bloated beaurocrat can spend my money ASAP.

Here's my question. Is there any way I can set up my paycheck to eliminate withholding so I can invest the money over the year and pay all my income taxes in April? Also, I do not qualify for withholding exemption as per my W4 form. Thanks

2007-06-12 12:30:08 · 6 answers · asked by Spaghetti Cat 5

software? IS there just MN and Federal taxes coming out if this? Any websites or links that may help me? What al needs to come out? FUTA? SUTA? OASDI? ST TAX? FED TAX? SS?

2007-06-12 11:54:39 · 7 answers · asked by noyb 2

2007-06-12 11:37:18 · 7 answers · asked by skipskap2002 1

I'm divorced and have two children. By decree I can deduct one and my ex can deduct one. I'm disabled and on SS disability and that is not taxable so I really don't even need to file. What would be the benefit to my ex be if I were to assign that deduction to them. There is a simple IRS form for that purpose and I figure why give the Gov't the $$...?

2007-06-12 10:59:44 · 3 answers · asked by tropicals99 2

my parents have their home under the living trust; when they pass on and the house goes to me (im the benificiary), will i have to pay the property tax rate assessed at the newest market value or do i pay the existing property tax rate assessed when my parents bought the home?

2007-06-12 10:55:31 · 4 answers · asked by norcal408 1

I was wondering if my fiance who is running his own construction business(without a dba) can collect sales tax? His brother said he needs a tax id number, but my mom never did she just had a dba, so i was wondering i fhe needs one or not inorder to collect something that we have to pay?

2007-06-12 10:44:35 · 8 answers · asked by jon's bella babe247 1

My dance class needs to raise $40,000 dollars?! I need some links that will get me to a site that a shop gives charitable donations to organizations!

2007-06-12 09:28:00 · 2 answers · asked by Rayna P 1

After you have claimed a loss for three years on a home based business and it still was a loss in the 4th year, can you claim those losses or should you stop claiming the loss?

2007-06-12 09:19:44 · 3 answers · asked by jaysnh2 1

Will there be fees? Grace period? Please help!

2007-06-12 08:14:54 · 9 answers · asked by Anonymous

Hi, this is a follow up question to my original.

Most have said I cannot deduct the mortgage interest and property tax that was paid on this property that I was put on deed toward the end of the year.

How can IRS actually know that it wasn't me paying this?

If I provide funds to my mom earlier this year to make her mortgage payments and tax payments, isn't that considered me paying for it?

At the end of the year, the mortgage companies will have both my name and my moms on the 1099 as well as the property tax reciept with both my name and hers since by the time they generate this i will be on the deed too right?

2007-06-12 07:49:52 · 5 answers · asked by pc 1

soo im getting a job and im under 18, so minor; and my employer wants to know if i wanted to claim exempt or zero. someone tell me what it is and which one i should choose.

employer: supermarket


thanks

2007-06-12 07:18:08 · 6 answers · asked by nomansland 2

Someone I worked for a few years ago is being investigated be the IRS. At the time I worked for him, there was a period where I would calculate the sales tax owed and fill out the little coupon he had to turn in to the IRS. He is in a lot of trouble now it seems, for not paying his taxes. Could this cause any heat for me? I guess I just worry about my signature being on that little coupon. I have gone through the whole interview and afadavit(sp?) process, answering all the questions the IRS had about my time employed there.
I guess I am just a little nervous because the IRS is made to seem like this horrible agency and I do not know much about all the regulations and laws they have.

2007-06-12 07:10:17 · 4 answers · asked by jefapralenes 1

I am a US citizen and graduate student in MA

2007-06-12 07:00:21 · 7 answers · asked by lucky7mcnugget 1

If I made a mistake and I have to pay back money, will they work w/ me. I am a single mom and I don;t have extra cash just laying around. I am just sick to my stomach!

2007-06-12 06:14:04 · 6 answers · asked by Jeannette z 1

my wife and i have seperate bank accounts, she has the mortgage payment automatically taken out of her account and i write her a check for half every month in her name to be deposited in her personal account, does she have to report this as income, she doesnt do that now but should she

2007-06-12 05:50:42 · 3 answers · asked by Anonymous

my wife only claims on taxes what her company checks are written out for, she is a day spa owner and the company writes her a check every 2 weeks,and this is the amount she claims on her taxes, her personal bank account however shows that she has deposited about 20,000 more than what she made, can this 20,000 be considered income as well

2007-06-12 05:35:03 · 10 answers · asked by Anonymous

I have a friend that told me that they received an approximate $4000 over-refund from the government this year. They were supposed to get a refund for like $4000, but got a check from the IRS for somewhere north of $8000. They asked what I thought they should do- I told them that in addition to doing the right thing, they were highly likely to get caught if they didnt return the money. I suggested they get a CPA to guide them through the process of returning the $$ to the IRS. This was a married couple, and I know the wife wanted to return the money- but Im pretty sure the husband did not. Im 99.9% sure they just kept the money in the end. So now here we are about 4 months after they got the $$, and Im pretty darn sure they kept it, and I know they havent heard a thing from the IRS. What are really their odds of being caught? Am I just going to look like an alarmist for telling them that they were almost certain to be caught, when in reality, they werent?

2007-06-12 05:03:38 · 11 answers · asked by bmwdriver11 7

When I file for IRS tax, can I deduct the real estate taxes and interest for the entire year of 2007 even though I was added to the mortgage and deed toward the end of the 2007 tax year only?

2007-06-12 04:57:41 · 5 answers · asked by pc 1

I have a temp job at a hotel where they do not take taxes out. I heard you can pay your taxes quartley so you don't have to do it all at the end of the year. Does anyone know how I go about doing this. Or who I can call. Thank you.

2007-06-12 04:01:18 · 4 answers · asked by ctanner26 2

My ex-husband claims my oldest son (22 and a full-time student) as a dependent on his income tax. The only form of support he gives my son is paying for his health care coverage and occasional "gas" money. He does not help in any manner with tuition or room and board.

On the other hand, I have paid for room and board consistantly for the past year. In addition, I pay for books and other expenses that occur.

I feel my ex doesn't have the right to claim my son. Am I right? If so, is there anything I can do since my ex has claimed him for the past 4 years (with the same situation)?

**new info: My son lives in his own apartment when not in school. He lives there full-time (with me helping with expenses). The decree only covers through age 18. He has filed his own insurance, but his dad had it changed.

2007-06-12 03:47:41 · 6 answers · asked by Patty 1