United States - June 2007

1000 dollars every year to the IRS. I'm married (we file jointly) and we own a house. Should I be claiming 1 or 2 on my W4 to get money back? I don't know what's going on.

2007-06-07 06:05:21 · 7 answers · asked by Anonymous

2007-06-07 05:38:00 · 7 answers · asked by gas185 1

2007-06-07 05:17:03 · 2 answers · asked by kenneth j 1

I already transferred my home on 1996. I was reading about
property tax increases in California and saw that a change in ownership can trigger a higher tax!
I am very worried! Can I be reassessed after all these years?

2007-06-07 05:16:51 · 2 answers · asked by charlotte q 2

I'm about to receive a small inheritance of about $25,000 from an aunt who recently passed away. From what I understand the taxes on that have already been paid via the estate. However, I wish to give my mother the check for $25,000 because she paid for the cost of my college.

Obviously college cost me a lot more than $25,000 but we do not have an official contract written up since we're family. Will giving her that money be subjectible to a gift tax or is there a way around this since its to reimburse her for the cost of my college tuition?

I realize anything more than $11,000 can be taxed, but I also realize that tuition is something that is exempt to this so I'm not sure how to go about this.

Thanks for your help in advance.

2007-06-07 05:03:24 · 8 answers · asked by eerfoolwvu 2

i recently filed my taxes in early january in TX and noticed i had over reported my income, i was told by my tax acct to let it go once the irs gets the final w2 they will make the adjustment and send the necessary refund, is this true or should i do an ammendment?

2007-06-07 04:39:19 · 6 answers · asked by dbslove34 1

Flat Tax - taxes your income. You pay a fixed amount of tax (e.g. 19%). You might have to pay payroll taxes. You may not get deductions from mortgage interest payments. Flat tax doesn't get rid of other hidden taxes (i.e., social security, medicare, gasoline tax, sales tax, tobacco tax, alcohol tax, property tax, etc.). You may still pay capital gains taxes as income.

Fair Tax - taxes only when you spend (19-23% sales tax paid once). You don't pay income taxes anymore. It gets rid of hidden taxes such as social security and medicare. It gets rid of capital gains taxes when you sell your house or when you save your money, or when you invest your money. It lets you keep your entire paycheck (you pay no payroll taxes). It allows you more money to spend. It allows you to save money without any taxes on your savings. It also doesn't tax used items (eg. used cars, eBay items, etc.), and gives you rebate on necessary items (eg. food, clothing, etc.) http://www.fairtax.org

2007-06-07 04:31:27 · 9 answers · asked by Think Richly™ 5

Our neighborhood association (the social entity, not the governing association) is looking to gain recognition as a non-profit organization in Wisconsin. Do you know what is required? We often try to get donations for door prizes and drawings, but find it's difficult when we don't have a tax-exempt donation letter to provide to the businesses. Any assistance is appreciated!

2007-06-07 02:28:20 · 2 answers · asked by Anonymous

I'm getting remarried. If we file taxes "Married: Filing Separately" am I still able to claim child care credit for my children from a previous marriage, or do I forfeit that right? Thanks!

2007-06-07 02:19:39 · 8 answers · asked by S W 1

2007-06-07 01:00:01 · 3 answers · asked by usteve529 1

I need to have more taken out each year...thanks

2007-06-07 00:29:48 · 4 answers · asked by Jolene0111 1

Accounts Receivable Tax
Building Permit Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Tel telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax.

2007-06-06 19:59:10 · 9 answers · asked by Nella R 1

If, I withdraw my retirement money early I am charged a certain percent to withdraw it. Then, I am taxed again when I have to claim the money on my end of year taxes, 1040 form.

2007-06-06 17:00:44 · 10 answers · asked by DRAGGON 2

i opened an investment account online for $2000. with that money i've bought and sold stocks totaling to about $40,000. i made a little money at first but ended up in a loss in the end. now the irs is charging me about $10,000 in unpaid taxes. how can that be when i only have $2000 to begin with and actually lost money?

2007-06-06 16:51:15 · 6 answers · asked by Anonymous

I really have to know.

2007-06-06 16:43:56 · 6 answers · asked by Invincible_one 2

Can the IRS file a tax lien in the middle of negotiating the debt through the offer in compromise program?
Thanks

2007-06-06 16:19:54 · 2 answers · asked by Mr. love 3

Or can you cash it before then?

2007-06-06 13:37:29 · 7 answers · asked by Anonymous

I've been working in NY and when I moved from NY I didn't left my alternative address, so I haven't got my W2 form for 2006 year. Whome should I connect to get my tax back?

2007-06-06 13:24:59 · 2 answers · asked by asem0525 1

I am single, 16 years old, I get paid weekly $6.00/hour... I work about 34 hours a week.. so, how much would my paycheck end up being at the end of the week (Friday)? and how much would I get back?

2007-06-06 12:31:24 · 4 answers · asked by Anonymous

2007-06-06 11:59:46 · 8 answers · asked by bubba rubba 1

It is critical to a responsive and robust economy that the USA maintain the current system of tax incentives balanced by tax rates. How else can the government provide economic stimuli when called for?

However, it is high time for some radical changes. Here a few ideas for your comments.

1. Increase the corporate rates by 25% (there has not been in increase in these rates for many years), and eliminate the current double-taxation of corporate profits by making dividends either tax exempt or subject to credit offset for taxes paid at the corporate level.

2. End all estate taxes--another flagrant example of double taxation and a Marxist concept to be sure.

3. Reinstate "Income Averaging" (remember good ol' Schedule G?). People who are working hard to advance themselves should not be penalized by having to pay taxes at the same rates as people who have been at given income level for many years. 5-year income averaging used to be the law and it is needed again.

2007-06-06 10:20:11 · 8 answers · asked by Anonymous

I was financially supported by my father until mom's death and then I lived off my inheritance for a couple of years (while living in the family home)

I did some babysitting, flea market selling (estate), and web design for 2005 but I was sick as a dog during april with strep throat and didn't file taxes. I want to file taxes b/c I have been putting money into my bank account and I also want to go back to college and use scholarship money

2007-06-06 09:58:36 · 10 answers · asked by stephaniemorosi2 2

2007-06-06 09:52:39 · 11 answers · asked by TIM 1

The check was issued to me last year and I cashed it. The insurance company discovered they had issued it to me by mistake and they asked me to refund them the money. I did. I would prefer that they contact the IRS and notify the IRS that I did not actually receive any $. Is it possible to issue a 1099 with a negative amount? I kind of need to know this bc the ppl at the insurance co. don't seem to know. I do not earn enough income to claim a deduction from returning the $ to the insurance company (e.g. I have run into the minimum alternative tax where I still have to pay some taxes regardless of expenses/deductions). I am in the United States. Thanks.

2007-06-06 09:47:40 · 6 answers · asked by Anonymous

Ok say I have a relatively small amount to pay back, under $1000. But don't want to pay in full, I set up a payment plan of around $50/month.. now will I be able to pay more than that some months... like one month I pay the required $50, but the next I pay $200.. is that allowed.. or am I required to pay exactly $50 each month?

Thanks in advance! my husband will be calling them later.. I just wanted to get some answers now!

2007-06-06 08:49:02 · 2 answers · asked by ? 4

If I don't work my husband will claim me as a dependant as well as our other kids, when I do get a job next year can we go back to filing separately ?

2007-06-06 08:23:07 · 5 answers · asked by Cherry C 2

my wife wasn't worked over a year since she had a labor and she is not working as of now. she is getting this Unemploymentt compensation (Form 1099G Rev.23).
We filed the income tax joint. I was wondering do I have to include this in my income tax filing or not.

2007-06-06 08:15:16 · 8 answers · asked by Calvin 2

I don't want a refund or to owe anything at the end of the year and invest during the year.

2007-06-06 07:04:57 · 9 answers · asked by gidn 2

2007-06-06 07:04:20 · 2 answers · asked by johnnylett 1

Last year I started working in July and my husband was self-employed and we ended up oweing a lot in taxes, even though I filed 0 and at higher rate. This year I'm still at higher rate and my husband is looking for work and I will be getting a second job. How should I file for next year's taxes so we don't end up oweing as much as last year?

2007-06-06 04:56:27 · 13 answers · asked by angel_nm03 1