United States - August 2007

I closed inMarch, and the mortgage company said that I would have to pay 5 months prepaid property tax upfront and pay into an escrow account every month. So, I have basically already paid for 10 months of property tax, but when it is due, there will be a bill for 6 months of property taxes, and an impound account with 11 months of property taxes already paid. So, id the mortgage company supposed to pay me back the extra money, or do they just send all the money in for property taxes, and I get the refund from the city. I just dont know how it works.

2007-08-21 06:46:46 · 8 answers · asked by joey 1

Hi.. The time has come for my wife and I to move in with my mother. My father is in a nursing home and my mother is not coping well. She's still moderately capable, but tired, sick and confused. They want us to give the home to us and count on us to take care of my mother. I've heard of a "co-habitant with survivorship" document and living trusts, but really know little about them. Has anyone "been there, done that" that could offer some advice? Thanks ron

2007-08-21 04:10:57 · 4 answers · asked by Anonymous

Is it true that US corporations declare their profits in Ireland to avoid paying higher tax in the US, and is it true that the US govt. would like to see Ireland raise corporation tax rates?

2007-08-21 04:05:05 · 3 answers · asked by Anonymous

also, what is an estimate of how many people paid personal income taxes?

i am trying to figure out how much each person would have to pay if it was a fixed number.

2007-08-21 03:19:54 · 3 answers · asked by Anonymous

i just got married and changed my name

2007-08-21 02:53:47 · 5 answers · asked by Nancy 1

I really need to help of a CPA for upaid taxes for 2005/2006 1099's. How much does it normally cost to retain a CPA's help?

2007-08-21 02:41:25 · 3 answers · asked by wondering247 3

I work 40 hours a week

2007-08-21 02:28:46 · 12 answers · asked by thatwasme_then87 2

year?I only had to take my check stub in and got a 500.00 loan.I live in wisconsin

2007-08-21 02:23:14 · 8 answers · asked by sassy 1 3

do not confuse with the Flat tax.The FairTax Plan is a nonpartisan national grassroots campaign to replace the federal income tax system with a progressive national retail sales tax. It provides a "prebate" to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement and, through companion legislation, repeal of the 16th Amendment. http://www.fairtax.org/site/PageServer?pagename=about_main

2007-08-21 02:16:21 · 3 answers · asked by Anonymous

I never understood why people who have no kids pay more taxes than people who do. People who have kids actually get tax credits for each child they have and essentiallypay less taxes. Does this even make sense? They take more out of the system but put less in.

How about the Death Tax...? Its not even remotely fair that people who inherit money have to pay taxes on it. The taxes was already paid by the deceased, so the inheritor must now pay additional taxes.

Its all about creativity to screw people out of more tax dollars.

What do you think?

2007-08-21 01:47:57 · 7 answers · asked by Paul 6

Let's say I start a company. What are the tax advantages to taking out personal loan from my company (paying myself)? Buying a car and/or a house under the company name?

I don't have to pay PERSONAL income taxes on loans right?

curious...

2007-08-20 22:34:55 · 1 answers · asked by dsonoma 1

2007-08-20 19:38:25 · 2 answers · asked by Anonymous

Ok, I know absolutely know nothing about taxes whatsoever but could I file taxes even though I don't work and don't have any real income coming in? Me and my bf aren't married so from what I hear he can't claim them because they aren't his biological kids. Who can claim them? Their real father can't because he's not in the country anymore. I live in Indiana, if that makes any difference.

2007-08-20 18:16:26 · 5 answers · asked by kendra9_15_2005 2

paying your taxes? i haven't paid them in years, but i think the irs is onto me.

2007-08-20 17:33:30 · 9 answers · asked by FOOTBALL 1

My boyfriend and I just opened a joint ING savings account and he was wondering if we will have to pay taxes on the interest earned through this type of account or that we will have to claim them on our taxes at all. Any information will be greatly appreciated, thanks so much!

2007-08-20 16:50:08 · 3 answers · asked by Isabella's Mommy Expecting #2 6

From New Jersey but now live in Atlanta, what are some good house music records such as "Follow me" by Aly-Us or the sone "White horse". New and old house music. Please give me any song titles, albums, websites, the more the better. Now, im looking for the hip hop style house music, im only 24 years. Another song i cant think of the name took the "bust your guns" sample from the Ruff Ryders Volume 1 album with Drag-On and Juvenile. Thanks ya'll, be safe, stay positive, and God Bless.

2007-08-20 16:36:44 · 2 answers · asked by Gods Son 2

I came to US and started working at age 55, there is no way I can collect 40 points by my retirement age. Will I get any social security benefit when I retire? How much would it be approximately?

2007-08-20 16:24:26 · 1 answers · asked by Speedious 2

I live in Arkansas, if that matters.

2007-08-20 14:32:50 · 6 answers · asked by Anonymous

2007-08-20 14:27:32 · 4 answers · asked by Salami and Orange Juice 5

2007-08-20 13:25:47 · 5 answers · asked by stockpro 1

He told me that he could save me $3000 per year if I become a LLC? It would cost me bet $600 to $800 a year to pay him to administer this.

Has anyone else done this? I would love to hear from hair stylist or other people who are self employed.

Thank you!

2007-08-20 13:20:25 · 3 answers · asked by asldfkjdfj 5

This has been bugging me--in Calfornia we are required by state law to have auto insurance and we have to purchase it from private companies.
Since the state requires this I think we should be able to deduct the amount of the premiums from our taxable income on our state tax returns.
Does this make sense to anyone else? Serious answers only please--
Thanks

2007-08-20 13:02:27 · 10 answers · asked by Susan T 1

We have not filed my husbands 2005 or 2006 1099's. We couldn't afford to pay. We are definatly filing at the beginning of this year. The 2005 1099 was for about 31,000. And the 2006 1099 was for about 34,000. We really want to clear this up and get straight with the IRS. He now has taxes taken out of his check. My question is....when we get a huge bill to pay back how does the IRS go about computing how much you pay back and when? Also if we can't afford the bill can we file bankruptcy on taxes? We are terrified for the beginning of the year to come because we are so afraid of how this is going to hurt us finacially. Any advice or help would be appreciated. Thanks!

2007-08-20 12:40:32 · 5 answers · asked by wondering247 3

Can I carry forward the rental property loss? up to how much can i deduct the loss and how many year can i carry forward. thanks

2007-08-20 12:37:11 · 3 answers · asked by Anonymous

Please someone with experience in taxation can explain to me how this is legal?
Lets say I bought a car for $60,000 dollars and I paid 7% ($4,200) dollars tax at the time to register the car (this is not leasing) after two years If I sell the car for $50,000 dollars the new buyer will have to pay $3,500 dollars in taxes. If the second buyer sells the car one more time the third buyer will also have to pay taxes again. Ok since the government is collecting taxes from every sells, why is the first owner of the car is not entitled to get back his taxes since only its been used for the $10,000 worth of the car, is there any law a such? please serious answers only.

2007-08-20 12:36:45 · 3 answers · asked by Zarzoorner 3

is there any way that i can retrieve my tax information (gross income) from last year's filed taxes? is there somewhere online i can get all the information from?

2007-08-20 11:28:24 · 5 answers · asked by redhot787 2

My wife and I are starting a company in California. Most likely only my wife and I will be the only people that will work for the company so we don't plan to pay employees in the near future, however if we expanded in a few years, we definitely could. From a tax / profit standpoint, which should we choose? I know that LLCs are easier in a number of ways but which will save us money? I do know that LLCs have $800 minimum to pay per year to operate in the state.

I have heard people say one or the other but not really cite the true facts, %, and numbers that would be paid for each.

Thanks for your help!

2007-08-20 10:23:32 · 6 answers · asked by NC 1

i hear anything for 10-30%

i live in texas

2007-08-20 10:18:32 · 5 answers · asked by kristiW 4

last year I filed for my taxes online and now I am needing to fill out this form thats asking how much my return was and I dont have a copy of my tax return and I cant remember what site I used, I know its not turbo tax, I think it starts with an E (not e-file) can anyone tell me some e-file sites?

2007-08-20 09:29:24 · 4 answers · asked by brittany_michelle_3 1

I am looking for a online service or a place to retrieve my w2 records. I would prefer not to have to pay for my own records?

2007-08-20 09:01:13 · 6 answers · asked by Jason 2