United States - June 2007

1. Bought 500 shares of XYZ on May 1
2. Bought 500 more shares of XYZ on May 4
3. Bought 500 more of XYZ on May 5

At each interval, the stock price was lower. Should the stock price on XYZ plummet on May 6, and I were to sell the entire position (1500 shares) on that same day, would wash sales rules apply? How could I avoid?

2007-06-05 06:53:00 · 2 answers · asked by Magic 2

I'm 17 and I just got a job with McDonald's, and I've heard about tax returns, and I was wondering how I can pay more taxes and let the government keep my tax return. Is this possible? I want to pay more taxes that the government can actually keep. Thanks

2007-06-05 05:53:22 · 8 answers · asked by Pearl Jam 2

I would like for someone to tell me where I could go to get help to pay my own taxes. I also would like to know is it to late to make the payments, because I don't want to wait to the end of the year. Someone please help me!!!

2007-06-05 05:04:08 · 10 answers · asked by bigshaheem 1

2007-06-05 05:03:29 · 5 answers · asked by Anonymous

2007-06-05 04:45:11 · 22 answers · asked by John B 3

he just came back from iraq and wants to buy a car in washington state, but im sure he is a california resident, can he get a tax exemption because hes buying in a different state?

2007-06-05 04:03:26 · 4 answers · asked by inked girl 4

3 years ago I paid off a repo for a lesser amount and yesterday recieved a letter stating my 2005 income tax was wrong because i didn't account for a canceled debt of $4,000 from Wells Fargo. I'm pretty sure this is not a scam letter.

2007-06-05 03:02:28 · 4 answers · asked by Anonymous

I did some day trading last year and when I downloaded my Gains Keeper, its saying I have a captial gains of 35K. I know I didn't make 35K last year in tading stock!!! So I'm thinking they are trying to tax me on the stock that I bought and am holding on to. I'm not sure. Any information would be helpful. Thanks.

2007-06-05 00:50:12 · 6 answers · asked by G mon 2

2007-06-05 00:28:38 · 2 answers · asked by justme 1

DO I just complete the returns and send them all at once? What if I find that I OWE tax on all years, I know I will have to pay interest and stuff, can I combine my tax bill from all years and pay per month? I am not sure if I will owe or not. What is the amount of income you have to make to be required to file? Also, if you are a full time student w/ no job do you still have to file?

2007-06-04 21:00:23 · 7 answers · asked by YackinJawz 1

im selfemployed and on my 1099 is $44,137.00. do the lenders look at whats on my 1099 or whats left after my taxes and biz expenses? started doing my taxes online (late as hell) and when i put in biz expenses it showed me grossing $22k. the loan im applied for needs me to gross around $40k. if i dont write off biz expenses ill have to pay $16k in taxes. i can def afford the mortgage because ive got other unclaimed income.

2007-06-04 15:16:37 · 6 answers · asked by tony_eskridge 1

is it 4.5 percent....

2007-06-04 15:09:06 · 5 answers · asked by marcus 1

2007-06-04 14:54:00 · 6 answers · asked by Anonymous

Im trying to figure out how much tax it on a car that costs 15,000.

tax rate is 4%

Im horrible at math.......can you help me?

2007-06-04 14:53:27 · 3 answers · asked by Catherine 3

Hello

I'm trying to figure out what I can do, to best reduce my taxes.

Here's my situation:

- I'm in the process of buying a home. From what I know, I can write off the taxes paid on the property and also interest paid on mortgage.
- My wife is pregnant.
- My wife has her own business where she works part-time. She'll probably bring in an income of $15-20k for 2007. Anyway I can claim her as an dependent? How about the baby in the womb? :)

Tax info:
State: NJ
My Income: 80k-85k
Wife's Income: 15-20k

I'm pretty ignorant as to what to do, to best reduce my taxes. If anyone can shed some light, I'd appreciate it.

2007-06-04 14:18:25 · 6 answers · asked by Anonymous

I even had to do year end taxes that I have never done before. I do monthly tax reports for them but never year end. They just didn't want to pay thier accountant. I do not have a degree in accounting but I have worked there for 4 years and I thought I deserved a raise. What do you think I should do

2007-06-04 13:10:11 · 7 answers · asked by pb 1

First off, I'm trying to help this old lady about mid 50ish that lives close to me. Well this is kind of confusing so I'm here. She is a Homecare provider for her husband and not too long ago her husband pass away. She ask me(19year old) to see if she can get unemployment but from what I know, you have to get fire form a job. So can she still get unemployment in this case and also how would I go about to apply for unemployment for her. I heard something about ett or edd that help but I'm not sure if (ett or edd) ---(something I heard) is what I need to check out. I'm in California so please help me out.

If there is website to do this, can you please help put it down?

2007-06-04 12:24:55 · 3 answers · asked by Anonymous

2007-06-04 11:47:19 · 2 answers · asked by pobodysnerfect 1

My husband and I filed a joint return...however someone in a different state(just so happens to be the same state as my husbands ex wife) used my husbands name, birthdate and social security number and filed a return fradulantly. Because this thief got the return in ahead of us he was able to have the return depostited directly into his accouont. It has been several months since I filed and I still do not have an answer as to when I will get my return. In fact I am treated like a criminal whenever I call for a status. My local congressman also has an inquiry submitted with the tax payers advocate office(thats a joke ). I am just wondering if anyone can give me and info on how to expedite this process. I need this money ...I am owed this money and if it were the other way around you can bet I would be being billed interest. Any ideas please help.

2007-06-04 11:43:36 · 4 answers · asked by E 3

My granddaughter is doing a project and seriously needs to know!!

2007-06-04 10:53:21 · 2 answers · asked by doogie78736 1

My husband owes back Taxes from before we were Married, in the sum of $ 30,000. We are having trouble getting on top of this debt, someone told me we could file Chapter 7 on this , if not has anyone have an idea for help with this. ( I dont need those saying pay it, I understand it is a DUE to us bill, and we would gladley pay it, its the peneltey and dailey re-acuring intrest Im trying to avoide) We pay and extra 25% a week for this debt and it is only going up..not down HELP!!!

2007-06-04 10:33:16 · 6 answers · asked by mhalvas2b 2

I'm starting my web design business, but don't know how to get a tax id number or what forms to fill out or anything. I am the only person working, no employees or anything, just me! Does that effect how I need to file or whatever? I have no idea what to do.

I build web pages for individuals and small businesses.

Please someone tell me what I need to do.

2007-06-04 10:24:07 · 9 answers · asked by *♥Mrs. Morrow♥* 2

Hello there, I currently have some mututal funds that I would like to redeem inspite the fact that the money I have in the funds are far less than the money that I have put in. I estimated the loss would be around $5K - $6K. I just thought to take it out to put it in better use.
My question is, can I claim the loss on my tax return? I currently don't own a house but am in the process of building one, which should be completed before the year end.
Any answers would be appreciated. Thanks!

2007-06-04 09:12:08 · 5 answers · asked by Velvet Hammer 2

is thear a law that i pay a income tax

2007-06-04 09:11:49 · 15 answers · asked by MisfitKid 1

what taxes do i have to pay on the assistant. what forms do they require. is there any website that i can print those off of ?? thank you for any and all helpful answers.

2007-06-04 08:35:18 · 7 answers · asked by nancy_frgsn 1

My business needs to buy a printer. I found the one I want in Office Depot. Now I understand that as a business it is entitled to 3% of tax payment. But the lady in the cashier told me no. Now they have something called tax exemption. I dont know what to do now and I still need the printer. Any advice?

2007-06-04 08:16:52 · 3 answers · asked by mefistofeles 1

What if someone didn't file their taxes for a few years and most of the time they wouldn't owe anything and some of the years they owed a little bit? And they hired a company called NADA and paid them a few thousand dollars and the company kept acting like they were helping but in the end kept acting like all the paperwork was lost and to keep resending it. Then the person hired a tax accountant who worked with them for a while and then the person started having their wages garnished and the tax professional won't answer the phone calls. Can the person get the amount owed reduced? They can't buy afford to buy groceries? Is there interest and penalities accruing on the amount owed even if wages are garnished? How can you sue NADA and/or the tax professional? If the person is married but the spouse owned their home previously, can the home be taken?

2007-06-04 08:09:37 · 5 answers · asked by what about government grants? 2

Ok, another big shocker to me from Florida, is they charge you for garbage pickup which is called a refuse charge from $13.50 to $18 plus extra charges for special pick-ups such as appliances, yard waste. Back home, they don't charge you for garbage collection! Why do these states do this? How are they run?

2007-06-04 07:54:51 · 3 answers · asked by Anonymous

I am 16 and will be making $12 an hour and working full time. How much will I be taxed???

2007-06-04 07:40:06 · 4 answers · asked by Anonymous

2007-06-04 07:15:45 · 1 answers · asked by Anonymous