United States - July 2007

About how much do I have to pay if I made 22K in sales?
Of course not all of it is mine I kept about 15K That was what I got to keep for me. All of what I sold was to people from other states because I have a website and all were from other states so I did not charge taxes. I live in California.
Please help I just want to get an idea of how much I will be paying. Thankssssssss

2007-07-16 05:25:57 · 4 answers · asked by Anonymous

2007-07-16 05:15:28 · 14 answers · asked by jsteeltown1976 1

I'm a full time graduate student and an independant contractor so I'll be getting a 1099 at the end of the year. I want to pay my estimated quarterly tax at the September deadline. Would it be better to hire a tax professional with their own practice or just H&R block?

2007-07-16 04:58:06 · 11 answers · asked by kanish_k18 2

2007-07-16 04:48:10 · 4 answers · asked by me 1

How do you calculate what the withholding should be on quarterly commission?
i.e. – Commission entered as a 3 month earning?

2007-07-16 04:40:41 · 3 answers · asked by Cherie 1

It has been vacant for several years and he does not plan to buy anything else right away.

2007-07-16 04:30:29 · 4 answers · asked by Phoenix 1

2007-07-16 04:11:27 · 4 answers · asked by Anonymous

July 15th, 2007
my tax document was messed up and it had to be corrected and amended.

2007-07-16 03:48:44 · 4 answers · asked by Anonymous

I pay well over 50% of their support and they live with me 100% of the time. We got a dissolution. We agreed to things the judge just signed.

2007-07-16 02:44:12 · 6 answers · asked by Anonymous

I need to know the effective income tax rate since 1974 for a married couple with 2 deendents. The only rates i need are those for 1974, 1984, 1994, 2004 for i can analyze the change.

Thanks

2007-07-16 02:35:26 · 2 answers · asked by applebey911 1

When filing you tax return, do business expenses just help to relieve federal tax responsbility, or is state tax responsbility included as well? Thanks!

2007-07-16 01:08:32 · 4 answers · asked by Jenn B 2

I had a small traditional IRA, about $3000, that I just closed last week. I'm 26 years old. I didn't withhold any taxes because I wasn't sure whether or not I had to. I closed it without withholding any, so when I have to do my taxes next year, what do I have to do? Is 10% automatically going to get deducted from my return? I don't want to get in trouble and I know a certain percentage has to go back, so just wanted to know what happens next. Any help appreciated. Thanks

2007-07-15 23:38:22 · 5 answers · asked by Justin 1

My grandmother has recently discovered gas on her property, and is generously dividing her monthly EOG checks between her children. Each month, she is giving my dad (and each sibling) about $10,000. What is a guess-timation of what he will have to pay in taxes (a range) on this money? (He is retired, and has no income).
P.S. I ask because one of the siblings has told my grandmother to stop giving monthly checks (to all of them), because SHE doesn't want to have to pay taxes. But wouldn't the remaining money be worth whatever the taxes are? I am confused at her logic...

2007-07-15 21:55:56 · 8 answers · asked by self-doubting 1

My friend and I were having a discussion about pro athletes and he wondered what the point of huge contracts were if they were paying so much on taxes. Now granted, when it comes to the $$$ amount, rich people pay more by far, but my friend thinks that the rich pay a 50-60% tax rate. I said I highly doubted that, otherwise, what would the point be of being rich??? I have heard many times that the rate goes down after the $100K- $250K mark. So who is right???

2007-07-15 15:26:45 · 14 answers · asked by Brad 4

i need to know how much tax is in kennewick washington.
the decimal form of it so i can figure it out in calculator

2007-07-15 15:13:20 · 2 answers · asked by daven c 1

I'm not looking for the IRS code. I'm looking for the EXACT Penal code or statute or law that requires us Americans to pay a Federal Income Tax. Individual income, not corporate profits. Thank you!

2007-07-15 14:51:53 · 8 answers · asked by Anonymous

2007-07-15 14:34:24 · 7 answers · asked by lumi 4

Explain how the federal income tax structure impacts a business decision to finance with use of debt vs. equity.

2007-07-15 13:57:46 · 3 answers · asked by Sabrina W 1

I received IRS notice that someone submitted additional W-2 form under my name. How can I find out the proof who submitted?

2007-07-15 13:49:34 · 7 answers · asked by Lin H 2

I am hoping that I won't get hit with a huge tax bill at the end of the year. Also- can I make deductions for travel expense, clothing, cell phone, etc.?

2007-07-15 12:47:22 · 1 answers · asked by Rara 2

I owe lots off tax money ,No money to pay

2007-07-15 12:26:48 · 3 answers · asked by frostman 1

I can understand why, when dealing with variable taxes (such as with buying things over the internet), it makes more sense to list the price of an item before taxes, but when you are buying items in a physical store, with one set tax on items, it makes more sense to me that the price after taxes should be shown (not a problem here in NH unless I'm buying food, but it gets annoying when traveling through other states). Is the only reason for this so that businesses can rip off customers by hiding the real cost of the item, or is there a better reason for it?

2007-07-15 11:01:48 · 2 answers · asked by ILookGuilty 3

For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?
FICA tax
federal income tax
federal unemployment compensation tax
state unemployment compensation tax

2007-07-15 10:54:17 · 4 answers · asked by Anonymous

I filed the 2006 return but the mutual funds weren't sold until 2007 and there will be some capital gains.

2007-07-15 10:39:15 · 6 answers · asked by Bruce L 1

But when it comes time for me to use it in 2055 the system will be broke. so shouldn't I be excused from paying for it?

2007-07-15 09:35:11 · 9 answers · asked by Anonymous

My Dad passed away in 2006, but had a revocable living trust prepared in 2001 that is in both parent's names. I am successor trustee and P.O.A. Since my Mom is incapacitated, I have been doing everything for my Mom. The Trust doesn't have its own tax ID number, just using my Mom's SS # for anything regarding the Trust. I am assuming that without a tax I.D. number for the Trust, then everything that I inherit will get taxed under my SS# probably meaning high taxes for me and possibly affecting my daughter's financial aid for college, if this happens within three years. There are only a few assets listed in the trust now with the rest listed in my Mom's name. Should I apply for a tax I.D. number for the trust now, and also change the assets listed in my Mom's name to be in the Trust name? How difficult is it to do these things?

2007-07-15 09:04:25 · 2 answers · asked by Anonymous

Hi,

I put some money in Dependant Healthcare FSA assuming that my hubby is considered as dependant if he is on my health plan. Now I am told dependant is only children under 18 or anyone staying with you - older person. Is there anyway I can claim this money?

I am told there are some exceptions.

2007-07-15 08:34:15 · 2 answers · asked by Jodi 1

2007-07-15 07:40:00 · 5 answers · asked by violaduran2003 1

I'm not clear - when your earned income goes into the next tax bracket, does that mean ALL your earned income is taxed at the higher rate or just the amount inside the new bracket?

2007-07-15 07:18:29 · 5 answers · asked by Paradox 3

How much would I get paid if I worked 71.5 hours with a 6.85 an hour? I know how much I would without taxes($548) but how much would be left when they take money out for taxes? Last check I worked 40 hrs and got paid orginally 274 before taxes but after I got 243. Im 17 years old. Can anyone help me?

2007-07-15 07:10:06 · 3 answers · asked by *GlensBayB* 2