United States - July 2007

What is the total for something that is 24.44 ............ but u have to have tax... so what it the final total?

2007-07-03 07:58:20 · 5 answers · asked by bell_15 1

misled you when you filed your tax return and you found out they were giving you illegal advise to get more money back? Then you and your spouse got audited. You owe almost $4,000 and the tax person refuses to refund you your money?

Is there any where to report this person to?

2007-07-03 07:56:02 · 3 answers · asked by hsp_goddess 2

The year is 2006. Husband and wife file separately. One of the spouses owes income taxes. Can the IRS collect from the other spouse even though they filed separately.

2007-07-03 07:45:27 · 7 answers · asked by 1swing4all 2

Each project will be approx $4000 (computer programming work). I have a full-time job and I'm going to do this work on the side during the weekends. Is there anyway to give the government their cut after each job? I hate trying to put money away to pay for taxes not knowing if it is too much or too little.

Could I setup an LLC and pay the taxes that way? Is there anyway to treat this seperate from my normal income taxes?

I'm not sure what the best way to handle this is.

Thanks.

2007-07-03 07:38:21 · 4 answers · asked by Guest 1

Does this credit basically give you an extra thousand dollars in your tax return? I paid my ex $600.00 2 years ago in taxes for our son. Now this year he is saying I owe him $1600.00. Can anyone out there please help in this. Also, he makes too much for EIC.

2007-07-03 07:11:21 · 4 answers · asked by sheri c 2

I am a 16 year old in Ohio with one mother, one father, and one brother. I have a summer job and I am taxed on my paychecks. People tell me that I can get the money they are taxing me for back. How do I go about this? My Dad says we can not get it back because he files the taxes as a family and not induvidually. There is also something about being a dependent. I would like this money back. How do I get it back?

2007-07-03 06:55:43 · 6 answers · asked by lazz41 1

a. Everything is included in gross income, unless it is specifically excluded from income. (True or False)
b. A tax credit provides for a greater tax benefit than a tax deduction. (True or False)

2007-07-03 05:54:34 · 4 answers · asked by uncivilized_scholar 2

Can I deposit $2001,00. and take $9999.00 in less cash without filling out a form for the IRS?

2007-07-03 05:42:12 · 8 answers · asked by charlotte q 2

2007-07-03 05:29:47 · 6 answers · asked by Suzette 2

2007-07-03 04:59:59 · 5 answers · asked by Slapshot88 3

2007-07-03 04:32:48 · 14 answers · asked by ondamax1 1

2007-07-03 04:23:59 · 4 answers · asked by TommyDean 1

when you resale them? why or why not?

2007-07-03 02:47:18 · 2 answers · asked by kayzarty 2

have a federal id number or ein number? if so why? please explain.

2007-07-03 02:25:10 · 4 answers · asked by kayzarty 2

2007-07-03 02:01:51 · 4 answers · asked by ? 2

2007-07-03 01:25:36 · 15 answers · asked by Mandy 2

I pay taxes with my monthly mortgage payment around $300 a month but i received a quarterly tax bill from the town today for around 800. What should i do with the bill? My mortgage broker is away so thought someone out ther would know.

2007-07-03 01:13:11 · 7 answers · asked by Carbon steel 2

I vested 100% of my stock in a small company - 1% ownership total - and have left. They've offered me a buyout. As part trying to convince me to take it, they've stated that I'm liable for 1% of the taxes on company income. The company took on investors last month and will not distribute dividends until they've paid the investor back, but claim I would owe taxes on income anyway. Quoting:

"Even though no dividends are allocated, all vested Stock in terms of taxes for LLC’s classified as partnerships for federal income tax purposes file Form 1065 at year's end. Income from the business is reporting to the partners (share-holders) on Form K-1. This “flows” to your personal income tax return Form 1040. If the business has net income of $1M for the year and you own 1% of business, your K-1 will have $10,000 taxable income. You should make estimated tax payments on Form 1040-ES. This income is also subject to self-employment tax of 12.4% up to $97,500 and 2.9% with no cap."

Truth?

2007-07-02 22:14:23 · 3 answers · asked by SanJoseStanleyCup 1

Im a broker for limo service. what tax form do i give drivers that have there own cars, like ill i do is give them work but they dont work for me, there just privet drivers and to companys that have there own fleet of cars. so when i file my taxes i could show where the %80 of the profit whent to. can some one help plase

2007-07-02 21:27:07 · 2 answers · asked by Anonymous

My friend told me it is about 18.5% for married. But I saw withholding tax is not more than 10% in most web pages. Can somebody explain me why? Are there other taxes?

Thanks.

2007-07-02 19:25:36 · 2 answers · asked by A Z 1

2007-07-02 18:54:19 · 6 answers · asked by jay 2

This is a semi two part question. I am selling domains and websites, so I assume that it would just be assets since there is no inventory of any kind. I am looking to take the "profits" or gains from the sale of these websites and create a secondary company to reinvest the business funds into real property. Specifically purchase two homes here in Southern California. Is this a way to avoid paying on the capital gains? I'm a sole proprietor and taking a 30% hit could mean hundreds of thousands of dollars. The second part of that question is I will be essentially buying my own home and putting it under the company as well. All in all I am looking for the best ways to reinvest the funds to pay as little as possible, with my primary goal paying off both of these homes.

Any thoughts? Also after reading through many other questions the assets are over two years old, if that matters in business transactions.

2007-07-02 18:16:29 · 3 answers · asked by king_fish_ii 1

Hi I have a question related to self-employed tax. I started earning income for my services in mid-June (paid in July) of this year. At year-end, can I deduct expenses related to my business even though it was incurred prior to my earnings in June? For instance, can I deduct business expenses incurred in April?

2007-07-02 17:24:31 · 3 answers · asked by heuiim 2

i will be returning to block for my second tax season. i have a notice that says i am required to take Ethics before i begin.
what is Ethics and is there another name for the class. i am signing up for my fall class and there is not an option with that name.

2007-07-02 17:14:07 · 2 answers · asked by bootleg 3

2007-07-02 15:55:13 · 4 answers · asked by angel_rat_83 1

2007-07-02 15:54:03 · 4 answers · asked by angel_rat_83 1

if interest is deductable, why would the interest rate matter?

2007-07-02 15:38:01 · 5 answers · asked by Turtle 1

2007-07-02 15:36:14 · 6 answers · asked by steph 1

i recieved a letter saying I OWE $4400 from 2005, it seems that I had stock sales where they dont have a cost basis for me, so when they saw that i made money on stocks, they are not taking into consideration the amount i paid for the stocks, even though i filled out a schedule Dshowing what i paid and what i sold them for, they are not inclding what i paid and claiming the whole sale of the stocks as capital gains, even though on some of the stocks i lost money on. what's the deal,, dont they have my schedule d?? it wasnt even for all my stocks just a few of them. .anyone ever get tihs type of letter??

2007-07-02 14:00:56 · 4 answers · asked by rn491964 3

2007-07-02 13:59:11 · 2 answers · asked by gd1961@verizon.net 1