United States - June 2007

When does your official "day of being a non-profit" start? When the IRS receives your application / When they are finally happy with everything and accept it as complete, or sometime before, or after that date? Can donations be accepted Before the application is accepted and/or approved and still qualify on the donors tax return as a legal donation to a non-profit? My papers are getting mailed this week, when can I legally accept a donation?

2007-06-28 15:54:46 · 3 answers · asked by little m 2

I run a lawn service out of my parents garage right now. I am making very good money and do like to claim it on my income takes as "other" or Schedule C. (its taxed @ 15%)

Recently I purchased several pieces of expensive equipment but I have not yet filed for a Tax ID # nor have I made the business an official corporation. Can I claim the purchases on my 2007 tax forms as deductions? I would like to claim full revenues and recieve a tax break from expenditures.

How would I go about this?

2007-06-28 15:33:15 · 7 answers · asked by jimmy s 2

approx how much would a married individual with 50k yearly taxable income save in fed income tax by declaring 1 dependent son/daughter college student? 3 other dependent children (one of which is in college)

2007-06-28 13:46:51 · 5 answers · asked by tonymrep 2

Recently came into some substantial $$ because of RE sale. After paying off bills, where should I put $$ to avoid paying huge income tax next year? Husband is self-employed & I am not employed.

2007-06-28 12:39:22 · 3 answers · asked by Julie P 1

2007-06-28 12:07:16 · 1 answers · asked by C A 1

I am the owner of a small company in the US. I want to know if I am able to deduct on my company's taxes the money I am paying to the freelancer I am employing in Brazil.

Is there anything you guys think I should know?

I am sending either by paypal or wire-transfer.

2007-06-28 11:46:25 · 2 answers · asked by Anonymous

If you think it is the 16th amendment, read it again.

2007-06-28 10:52:41 · 5 answers · asked by Anonymous

2007-06-28 10:49:23 · 5 answers · asked by AH 1

How much of ones pay is taken when filing Ch 7 Bankruptcy

2007-06-28 10:38:03 · 1 answers · asked by jaysnh2 1

2007-06-28 08:48:38 · 5 answers · asked by Jim F 1

2007-06-28 05:19:19 · 6 answers · asked by crib2go 2

2007-06-28 05:12:43 · 8 answers · asked by Anonymous

2007-06-28 04:56:01 · 3 answers · asked by Anonymous

If I bought a home for $150,000 and then within 3 months sold it for $190,000, how much tax do I pay on the $45,000 profit?

2007-06-28 04:19:30 · 7 answers · asked by Carnut 1

I don't owe money but I'm still afraid of getting in trouble.

2007-06-28 03:44:18 · 12 answers · asked by Bailey 2

For example, in the state of CO, if someone makes $2000 a paycheck (twice a month), and their actual check is for $1400, is there too much tax being taken out, or is that about right?

Is there anything one can do to increase the check amount but not pay at the ending of the year?

I just started a new job and I was expecting more per paycheck, but I never know how to fill out those W4 forms, so I am wondering if I made a mistake.
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2007-06-28 03:37:35 · 3 answers · asked by Stupidog 5

Do I have to pay Taxes on it?

2007-06-28 02:59:18 · 7 answers · asked by steppy 2

If I add 15% to the figure I have now, this of course will be wrong because it is adding it to a lower figure than I started with. Can anyone help please?

2007-06-28 01:38:40 · 20 answers · asked by Squirleyanne 1

Sales of securities, and also undeveloped land.

2007-06-27 23:40:05 · 4 answers · asked by Summer_Girl 1

The only income received was from a regular job where taxes were deducted through payroll deductions.

2007-06-27 22:33:52 · 11 answers · asked by M F 2

2007-06-27 18:39:14 · 5 answers · asked by Anonymous

I worked for a seasonal tax company as a branch manager for 6months. It was my first year I also worked as a tax preparer. 15 days before my branch was closing I got call from headquarters and they informed me the bank deposit and the accounts are not matching. On investigation they found I was supposed to deposit money every day instead of lump some of two days or so they never provide me any training on that. After three months of season is over they are telling me that cash is missing so they cannot rehire me How do I know we had four receptionist I tried to match balance as much as I could I was not given any training on that .I am so pissed when they informed me. I have not even taken a penny why me they did no investigation just because I am a manager I am asked to leave. They asked me I did not take any corrective measures against anyone but I was not informed that cash is missing until now when office is closed over three months.
Please advice what should I do.

2007-06-27 18:32:12 · 2 answers · asked by Anonymous

I need a reference to the Internal Revenue Code or Reg.

2007-06-27 16:52:51 · 3 answers · asked by Paul F 1

2007-06-27 15:32:34 · 5 answers · asked by TMarie 3

i am doind to business plan for my college class and i decided to do it on a truck driving company. i am almost finish but in the balance sheet there is an area where you subtract your taxes from the net sales. how much tax would i have to pay if my net sales are 56,000. i live in texas

2007-06-27 12:29:04 · 2 answers · asked by Anonymous

I live in California and I need an SUV or big truck for work, can I claim this as a tax deduction?

2007-06-27 12:02:40 · 1 answers · asked by jtworks79 1

2007-06-27 11:24:09 · 4 answers · asked by anita1969 1

2007-06-27 11:04:48 · 6 answers · asked by Anonymous

2007-06-27 11:04:05 · 2 answers · asked by tkremark 2

i need to get them done for school purposes asap and i could really care less about the w-2 from the darn BB-Q joint i worked at for a couple months, at best. Can i just "skip" that w-2?

2007-06-27 10:55:20 · 5 answers · asked by raymond b 1