United States - June 2007

I am doing a short sale on my house. The amt of debt forgiven will be about $100K. The lender will give me a 1099 for taxes on the 100K. Will Form 982 waive these taxes? How does it work? Do I have to qualify in some way?

2007-06-22 11:40:39 · 2 answers · asked by ABC 2

2007-06-22 11:26:06 · 3 answers · asked by Paul V 2

Hello everyone. I keep getting two different answers to this question. So I thought I'd ask here on Yahoo. If I was married in 2006, but got divorced in 2007, do I file married on my taxes(because I was married in the 2006 tax year) or do I file single now that I am no longer married even though I am filing for my 2006 taxes? For anyone with this info, I'd appreciate it. Thanks!

2007-06-22 11:02:38 · 6 answers · asked by Anonymous

I just started a new part time job making 6.50 an hour and just got my weekly paycheck. I made a total of $150 and with taxes I only got 70 bucks??!!! Is this normal?

2007-06-22 10:32:09 · 3 answers · asked by Jeremy M 2

I started a new job. In my first check there was no FED WT tax. Now in my second check, 2 weeks later, there is a FED WT tax. Why is it in this one?

2007-06-22 10:15:02 · 2 answers · asked by Shelley 1

i stopped showing up at my job and they owe two paycheck, will they send it to me ? what will happen to it ?

2007-06-22 10:03:48 · 5 answers · asked by Anonymous

2007-06-22 09:03:24 · 3 answers · asked by vineruby 3

Help! Is it possible to get a new mortgage with a tax lien on credit file?

We make over $300k a year and are coming out of a financial mess we got in w/a bad real estate market in Colorado. We are back on our feet and credit scores are coming up, no debt etc.

We are ready for new home purchase but now have the tax lien on our credit file.

Is there anyway we can get the tax lien rolled into a new mortgage? If yes, how do we find a lender who will do this? Our income is 100% verifiable and we are already living in the house. The owner let us do an extended close to end of October.

We need to get this done asap!

Thanks!
Josh

2007-06-22 08:28:09 · 2 answers · asked by Anonymous

We own two homes, both work, and have two kids. We are getting killed come tax season and it seems there should be some tax advantages - but we aren't seeing them.

2007-06-22 08:26:32 · 6 answers · asked by mkc8515 1

Okay I am changing to getting paid bi-weekly instead of weekly here is the layout to help:
Right now I get 520 before taxes and 430 after taxes
If I start getting paid bi-weekly and get a small .25 cents raise and end up getting 530 a week before taxes and that is 1060 every two weeks, I am claiming 1 on my taxes, I want to find out if anyone may be able to tell me about how much I will get every two weeks after taxes and if there will be a big change of the amount taken out. I know my mother said that it will change because I will be getting more on a single paycheck since it is every two weeks and that I will get a lot less then I normally do from 430 every week after taxes. Thanks

2007-06-22 08:10:11 · 8 answers · asked by jennqt341 2

2007-06-22 07:47:59 · 2 answers · asked by Jerrry H 3

I didn't "efiled".Why does it takes so long?What should I do?If the money is lost can I file a claim?And how long does it take for everything to be fixed?

2007-06-22 07:45:11 · 8 answers · asked by Anonymous

I (will) own no property in IN and will rent in WA. My car insurance in IN is very cheap (<$700). I have earned quite a bit of money this year in IN from Feb-Aug. Would changing residencies allow me to forego paying IN state income tax for this year?

2007-06-22 07:30:10 · 3 answers · asked by Matthew P 1

I currently work as a staff accountant at a CPA firm and I am interested in becoming an Enrolled Agent.

I plan on taking a course tax course this fall either through our local junior college or through H & R Block and I am having a hard time chosing which to attend.

When I told my boss at work that I wanted to take a class this fall she thought the college course would be best. But I am not so sure...

I would like to study to become an enrolled agent and I want to chose the best way to prepare for the test. I have printed out the past test to look over for an idea of what will be on the test, but I want to make sure I can pass it. I see on Amazon.com they have study guides also...

Does anyone have any advice?

Thanks!

2007-06-22 06:44:26 · 7 answers · asked by Shay 4

2007-06-22 06:42:38 · 5 answers · asked by lovered1224 1

I just resigned from my company of almost a year. It was the toughest decision I had to go through because they wouldn't do anything about a coworkers unethical behavior. I am going through alot of stress right now and they sent me my last paycheck, (spelling my name wrong) even though every other check they spelled it right. I got the correct amount if I was hourly but I was told that I'm supposed to get paid salary which meant that I get the same amount as I have been like on my other salaried paychecks. Is that true? I'm not really sure about the difference between hourly and salary, exempt and nonexempt? If I'm to get paid salary they cut my paycheck by half. Does anyone know anything about this?

2007-06-22 06:30:10 · 4 answers · asked by Anonymous

I live in the state of Ilinois and was wondering how much % wise is taxed on interest income if that is your only means of income.

2007-06-22 06:27:12 · 4 answers · asked by angryviper 1

What are the states that do not charge federal/ state tax on retirement income or social sercurity?

2007-06-22 05:52:44 · 4 answers · asked by Sue 1

I am moving from ct to ca. Getting a new job. What deductions, if any, can I take?

2007-06-22 05:41:55 · 3 answers · asked by Sue 1

2007-06-22 04:28:44 · 1 answers · asked by Deanna B 1

Dear,
Please help.

I already submitted my income tax for year 2006 to IRS and I just found out that I still have one more of 1099 form to report to IRS. How can I report this additional 1099 form to IRS? and What is the process to it right? Thanks, Thien Duc.

2007-06-22 04:20:26 · 3 answers · asked by thienduc 1

2007-06-22 04:16:25 · 5 answers · asked by philip S 1

My employer just received a notice to garnish, Levy, My wages. How long till they must start witholding? I am in the process of having the levy released due to financial hardship. any help would be grat.

2007-06-22 04:05:39 · 6 answers · asked by Anonymous

Help! I qualify FOR NO ASSISTANCE at all. TONS of people tell me it is a joke that I do not. But I dont. This is my after tax salary-what counts and how I look at it. Family of 4 2-adults 2 babies. Any ideas on how to work it? Quit stay home? I am the bread winner though. Child care #1 payment.

2007-06-22 04:04:51 · 4 answers · asked by Anonymous

PA IRS sent me a letter with their own figures changed from my tax report, with the result of a lower amount of refund to me. All of differences comes from that they remove the deduction of capital loss (Line 5 on PA-40 form) and make my total taxable income higher.

I asked the staff of PA IRS on phone, and she told me that it is simply because a PA tax payer can not report capital loss for deduction (or you can say they will not let you deduct it even though you report the capital loss), while if you have capital gain then you must report it and therefore pay a higher tax because of the additional earning.

I was never aware of this regulation, if it does exist instead of the staff giving wrongful information. So I wonder whether there is really such a tax law for PA state tax 2006? Any link to the specific law? Would people who are familiar with PA state tax laws please answer this question please? Thank you very much in advance.

2007-06-22 02:06:41 · 3 answers · asked by anthonypennstate 1

I'm familiar with the phrase "The more you make, the more they take". But is there a pre-set percentage for taking taxes out of your check or does it vary?

2007-06-22 01:31:34 · 10 answers · asked by hodges.mimi 1

2007-06-21 19:28:00 · 3 answers · asked by Anonymous

What are the tax advantages and disadvantages of paying alimony in a divorce rather than having a property settlement?

2007-06-21 18:53:10 · 5 answers · asked by angel_rat_83 1

I just realized that I have no Idea where I placed my tax return refund checks, who do I talk to to get replacements? Can I even get replacements, or am I just plain screwed???
A pre-emptive thank you to all answerers, thanks.

2007-06-21 18:52:23 · 6 answers · asked by Anonymous

2007-06-21 16:52:20 · 5 answers · asked by m&m 1