United States - July 2007

2007-07-24 13:29:44 · 8 answers · asked by artrenery 2

If that's the case what constitute research and development when it comes to taxes.

2007-07-24 13:23:13 · 1 answers · asked by eqvvs 1

2007-07-24 13:18:57 · 0 answers · asked by del rey 1 1

is there a required amount of time betwwn two shifts of work? also, is there a limmit on hours your aloud to work in one work day?

2007-07-24 12:31:45 · 4 answers · asked by Kayla S 1

How is community property treated differently in the nine common law states versus the rest of the states in the United States? What are some example?

2007-07-24 12:08:45 · 3 answers · asked by angel_rat_83 1

2007-07-24 11:32:15 · 4 answers · asked by vreckle26 1

I currently pay $300 per month for health care and it is deducted on my paycheck. If health care became universal, would I still pay $300 for the coverage that I want and also pay more taxes to cover others?

Would I get a voucher for not wanting or using public healthcare?

2007-07-24 11:23:10 · 5 answers · asked by 6th Finger 2

2007-07-24 11:19:24 · 5 answers · asked by KB 1

Property A&B, identical, across the street from each other.
Adam owns Property A, Bob owns Property B.

Adam and Bob (brothers) don't like the fact that they cannot deduct expenses (besides interest)from owning their own properties (like depreciation). As a result, Adam moves into Bob's house, Bob moves into Adam's.

Now, after depreciation, each brother is taking a loss from investment property and therefore pays less taxes. Nothing has changed in terms of expenses - all payments remain the same, but now they both have a small tax loss to offset their wage income.

Does this seem right? Is it legitimate? Why doesn't everyone do it? Other than depreciation recapture (they both plan on selling within 3 or moving back for 2 to take the 250k exclusion) what else am I missing?

2007-07-24 11:00:12 · 4 answers · asked by Scott T 1

In 2004 he sold a home he bought about 20 years before. He lived in and out finally, in 2003 the renters moved out and he ended up paying the mortgage until he sold it. He has not filed in 2004. With some of that money he bought a duplex and in that same year 2005 he refinanced his condo. in 2006 he sold his condo and in 2007 he refinanced the duplex. He now lived in one of the duplex by the way. I am telling him he has to pay some money back to the IRS because he sold a rental home. He lost alot of money on 2004 due to the fact that no one was living in the home and he was paying two mortages. My question is ....Is he going to have to pay a big chunck on money? Does anyone recommend a website we can visit or a phone number we can call. I told him to do the 1099 but he needed to pay off the people he owed money. This guy has not filed since 2004......Please help.

2007-07-24 10:34:26 · 8 answers · asked by Sumerblue67 1

I just find it funny how our country, America, is run by the rich/wealthy and how most of the tax laws favor the poor or the rich. If you are rich and pay all of your federal income tax (the total amount; cap. Forgot what the personal cap is, sorry), you no longer are required to pay Federal Income Tax. If you are poor, there are loopholes where you can pay less tax. Also, if you are poor, you also receive help from the government and other special fundings! However, if you are in the Middle Class, the tax laws require you to pay very high Federal Income Tax and there are absolutely no loopholes, in which one can reduce the amount paid back to the government. Plus, the government is always concerned with the welfare of the poor and the rich, but never seems to care about the Middle Class. As of right now, the Middle Class is already in the process of being slowly eliminated once again, by tax laws and other laws and regulations.

What are you beliefs on this topic?

2007-07-24 10:27:22 · 5 answers · asked by βread⊆ℜumbs™ 5

My answer is: start over again from the very beginning. Do not create separate categories such as Captial Gains. Qualifying and Non-qualifying dividends. Interest is taxable, also Dividend income. Gain on sale of a house should have no limit. All those with incomes in excess of $200,000 taxable.

2007-07-24 09:37:00 · 3 answers · asked by Beautifulbabe in Bhm 1

2007-07-24 09:30:50 · 2 answers · asked by terickson81 1

2007-07-24 09:06:30 · 3 answers · asked by jpchan_otaku 1

And to what extent cant the accountant be a consultant?

What problems could not being a CPA cause?

Thanks.

2007-07-24 08:36:07 · 3 answers · asked by btownridgerunner 2

If you want to pursue a masters degree and you are working at the same time can you deduct the cost of tuition, books, fees , etc etc off of your taxes? A seperate but related question: If your child is pursuing their first bachelors degree and going to college as a traditional freshman (straight out of high school) , and you are helping them pay for tuition, books, fees, room and board, can you deduct these cost off of your taxes?

2007-07-24 08:21:05 · 4 answers · asked by Jeff Mad. 2

My friend recently married and her hubby owes the
IRS for an overpayment they just found from 2002. Is it possible for her to file taxes in Jan 2008 seperate from him and claim their kids so that they don't seize the entire tax return and if so, how?

2007-07-24 08:01:14 · 3 answers · asked by Me! 2

I'm 21 y/o and I never filed taxes before. The reason being is because people have told me it wasn't neccessary since I'm a student. I've worked plenty of jobs from the age of 16 up unitl now. Every job I've had I always filed exempted except for probably one job. I decided I was going to file my taxes this year since I have a child thats due in Sept. and I can claim her. Right now I'm working on an internship that pays pretty good and I had a job earlier this year with a Mortgage company but they're closed down for business, which means at the end of the year I will only recieve 2 income tax returns. If I file this year, do you think I will owe the IRS any money from the previous years and if so how much?? I don't want to claim my child then have the govr'n take away my whole refund.

One more thing....Am I eliglible for a refund if I filed exempt with my internship?? I didn't file exempt with the Mortgage company but I was only there for about 2 months total.

2007-07-24 07:50:33 · 10 answers · asked by brittany_mo2000 2

i live in texas and the taxes on this land have not been paid for over 7 yrs but the tax office says it has to get to a certain $ before they auction it off. well someone told us that we could pay the owed taxes and keep paying them for five yrs and take pictures of the land before and after we cleaned it up then put a fence around it saying no trespassing and leave it like this for 5 yrs while we continue to pay the taxes and then go to a land attorney or whatever they are called and file something and the land will become ours if the owner still never shows up is this true has anyone of yall ever done this??

2007-07-24 03:29:35 · 3 answers · asked by stt143 2

okay in 2005 i was trying to let my vehicle go back because i was bed bound from surgery and couldn't work so the car company said they would nock off a certain percentage and if we could sell it for that much than it wouldn't be repossesed so we sold it that same day for 14000 they said they would send up paper work but they never did but i didn't think anything of it until now cause i'm being audited because of this. they are saying i ow taxes on the debt cancelation of 7000.00 dollars. well i have no clue how to fix this or if i can. do i really ow this money cause this is not my money so how can i owe money on money i never recieved. this doesn't make sense to me. can someone please help. what do i do cause i have no paper work from the car people do i need any. please help!!!!

2007-07-24 03:19:05 · 5 answers · asked by stt143 2

ok i live in georgia. I should be earning 5.50 and hour what is my wage after taxes are taken out.

2007-07-24 03:06:10 · 1 answers · asked by Anonymous

I work full time, no kids, no mortgage, no school, no car payment, etc... I dont know what else exempts you from paying taxes. I heard the lower the number the more taxes they take out, but you will get more on your return.

2007-07-24 02:06:08 · 8 answers · asked by raheel312 1

Darling hubby and I live in Michigan. We are trying to figure out the most beneficial way to file our taxes so that we get the maximum return. Also we would like to start withholding less from our paycheck. Hubby has the health insurance & dental as well as our 401K deducted from his pay. I have none of the above. He actually makes less per hour but gets overtime and I only put in 38.5hrs/wk because my employer does not want to pay for health insurance. I also have a second job that doesn't exceed the 1000.00/yr limit. What is the best way to set up our withholdings so we get the maximum amt in our paycheck without jeapordizing our return? And what is the best way to file... married/jointly (for state) or just married (for state)?
Thanks!! :o)

2007-07-24 01:14:23 · 1 answers · asked by tammysusewitz 1

Our pet sitter sent us an invoice for in-home pet sitting. My husband doesn't think that it's a taxable service. Is he correct?

2007-07-24 01:05:38 · 3 answers · asked by A. M. H 2

now the owner asking for additional amount as service tax for services provided earlier as they left out service tax in calculation

2007-07-24 00:36:17 · 3 answers · asked by Anonymous

Do they take out a certain percentage like state tax? If so how much? I'm trying to figure out how much my take home pay will be. I also know that it depends on how many exemptions you claim.

2007-07-24 00:10:09 · 3 answers · asked by Gail 2

it is a tax company

2007-07-23 23:30:21 · 3 answers · asked by chaitanya b 1

2007-07-23 20:38:04 · 3 answers · asked by Anonymous

to add more detail to this question, i live in texas and my father and i lived on the same piece of land which i inherited when he passed away. the will is still in probate and the executor of the estate and two other people involved have been horrible.this has been going on since 2002 and these people have literally done every they could to destroy my life and go against everything that my father wanted and we worked so hard planning for.i live in a small town and every lawyer i have hired does good at first and then,its just like talking to them.even the judge that signed my fathers will has said that what they have done is cruel and inhumane.and i dont know where to go for help now.every one says thats for the courts to decide.how corrupt is the town of kirbyville tx. i cant get help.

2007-07-23 19:23:11 · 2 answers · asked by Deborah W 1

2007-07-23 17:46:56 · 3 answers · asked by psychologygal1986 1