United States - July 2007

2007-07-27 14:37:49 · 3 answers · asked by Cessna123 1

If so, is there a minimum amount that you can make before you must claim it as income?

2007-07-27 14:27:34 · 10 answers · asked by Anonymous

I own two properties(2 houses), should i get homestead on the one that cost more?
wich is better on tax?

2007-07-27 13:53:15 · 2 answers · asked by Luby 5

2007-07-27 13:34:22 · 12 answers · asked by TwinMomma 4

2007-07-27 13:33:41 · 8 answers · asked by Anonymous

Someone told me student loan interest is only tax-deductable if you make under a certain ammt. of money and that its only deductable for the first few years after you graduate. Can someone who KNOWS the tax law please tell me what the rules are for this deduction? I don't want to take it if I am not eligible then get in trouble with the IRS. Thanks!

2007-07-27 13:27:43 · 2 answers · asked by Esmeralda 4

My exs wages are being garnished but by the irs but he says he received a state refund

2007-07-27 12:49:51 · 4 answers · asked by lilme 4

2007-07-27 12:26:16 · 3 answers · asked by kmgabbard07 1

trying to fine out how much tax is on inheirends

2007-07-27 11:29:54 · 3 answers · asked by tinafuller8607@sbcglobal.net 1

Does anyone know how earnest money received out of breach of contract is reported on the seller's income tax? If I was selling a property and the buyer posts (non-refundable) earnest money of $100,000 and backs out how would I report the money received on my taxes? Please site references

2007-07-27 11:09:58 · 6 answers · asked by mr.knowitall 1

2007-07-27 10:20:05 · 12 answers · asked by rj0435 1

We gave a tax accountant 3 years of tax information after she convinced us it was in our best interest to amend those years. She processed one year, things seemed to be going as planned. The deadline for the next year came, as did the excuses why it was not ready to refile, but the deadline passed and the excuses continued.

So we asked her to return our documents. For over a year now, we asked several times. There is always a reason why she didn't have a chance to look for them, or promises she will, etc. We have been patient, understanding, and growing more concerned. I am past the point of caring about the financial aspect of this, I just want our information back.

Recently, I offered to move boxes for her or assist in anyway as she said our docs were packed and moved to her current business location. A moment later she informed me she already returned everything to my wife, which she did not.

I am at a loss as to what to do next and would greatly appreciate any suggestions.

2007-07-27 09:53:28 · 11 answers · asked by nbnda 1

2007-07-27 08:44:25 · 4 answers · asked by Kelly B 1

i am not an American citizen but my husband is, so if i bring in money to US from some real estate that i sell back home in Russia, would i have to pay a tax in US on that money? if yes what would it be, and if no, then how do you know for sure?

2007-07-27 08:36:04 · 3 answers · asked by Anonymous

I applied for a federal tax identification number for the stuff i sell on ebay; however i dont sell that many things, and am now concerned that maybe i shouldn't have done it. How do i cancel it? If i don't sell anymore do i still need to tell my tax person that i have an id number at the end of the year? Do i also need a state number if i decide to keep going? Thanks!

2007-07-27 08:35:50 · 3 answers · asked by reyna_0526 2

what do you think? to me being rich means u could quit your job right now and live off of your savings and money for the rest of your life

2007-07-27 08:26:44 · 3 answers · asked by Anonymous

I've had a Simple IRA for 5 years and I need to get the funds. I know that there will be a 10% penalty for early withdrawal and that I also need to pay federal tax on it as income. My question is what percentage do I need to have withheld? I know they automaticly take 10% unless you specify more. My tax bracket is 25%- is that what I should put on the distribution request? I don't want to owe a ton at tax time or worry about underpayment penalties...

2007-07-27 07:40:23 · 3 answers · asked by ravenchansan 1

I have quite a few medical bills this is the first time i have heard of medical deduction how is this...can someone explain this to me?..thank you

2007-07-27 06:55:08 · 5 answers · asked by LocaBella 1

I didnt file taxes last year, but that was because I was of the understanding that if you make a under a certain amount you dont have to. Well now I need to bring my W2 in for school since I didnt file taxes and now Im second guessing myself. Can someone please tell me what that number is!!???

2007-07-27 06:52:41 · 4 answers · asked by Anonymous

My husband and i recently got married..he makes roughly 45K a year and i make..well at the end of this year I would probably be 18K, but next year working a full year i will be making roughly the same amount 45k...we have ONE child whom i claimed for before when i was single, hubby still pays child support $100/bi-weekly (our child)...for next years and future taxes should we file joijtly or seperately?...serious answers please..thanx...XoXo

2007-07-27 06:39:22 · 6 answers · asked by LocaBella 1

Yes?

2007-07-27 06:20:06 · 6 answers · asked by johnstevens 1

The Irs wants to do an examination of my 2004 federal
what to expect?

2007-07-27 06:06:29 · 5 answers · asked by dragonness36 2

If I were to take a job in Eastern Mass (Boston Area) but actually live in Southern New Hampshire, how bad would that screw me in taxes (income, personal, etc.) if at all? FYI - I'm married and the head of the household if that means anything...

Thanks!

2007-07-27 05:25:19 · 10 answers · asked by John Boy 1

2007-07-27 05:05:30 · 4 answers · asked by Adrenaline Junky 2

2007-07-27 04:41:39 · 4 answers · asked by jovet218 3

hi,
just curious, say someone won a 50 million dollar lottery in nj, what would they get after taxes, what would the final check be? And i know they usually tax you right away and then give the check, but what about the next year when you get money from bank interest on the winning, those will also be taxes a lot right?

2007-07-27 04:37:01 · 4 answers · asked by Anonymous

rectify and look over your return to find any oversights???
Plus give you a $1,600. fine before you even have a chance to see where the problem lie???
A productive member of society, pay taxes and I am not even given a chance to see what the problem is and they already fined me . Please share any incidents that you went through that you thought were unfair. Feeling frazzled, thanks for your feedback.

2007-07-27 04:23:02 · 5 answers · asked by cruisingalong 4

My parents got divorced several years ago, primarily for the purpose of avoiding a lawsuit. My father suspected he would be sued, and his income is only $7K of social security per year with nothing else, whereas my mother makes over $100K per year at her job. If he was sued, he did not want my mother's income/assets to be considered by the courts, therefore they got divorced. They are not planning to remarry.

Although they are no longer legally married, they have never stopped living together. They don't by any means have a marriage, but are friends and she supports him.

My question is... we have not done any taxes for them since the divorce. I have read the pdf files on irs.gov to see how they qualify, but am confused...

What is your opinion... do they have to file each as single, or could my mother file head of household and claim him as a dependant? She provides all of his support - his SS money goes to pay off debt of his.

Thanks!!

2007-07-27 04:04:30 · 8 answers · asked by dasielady 2

As a sole proprietor, I'd heard that using an employer ID number (EIN) can get you audited faster than if you use a Social Security number. Any truth to this one?

2007-07-27 04:03:03 · 4 answers · asked by Lori W 2

I got a notice 746 from IRS asking me how I paid my mortgage in a year I didn't file. I actually wasn't working and lived off a cash out refinance. Can I ignore letter, can they ask this?? Will they pursue this?

2007-07-27 03:04:45 · 9 answers · asked by K s 2