United States - August 2007

I haven't filed in four years ( long story involving bad experience with ex-wife), but none the less i need to get caught up and have some of my paperwork. I have been self employed off and on over the last four years, Iheard theres a place you can get all your income history and I did a search on the IRS website but I didn't have any luck. Any suggestions would be appreciated very much. Thanks

2007-08-13 17:12:40 · 2 answers · asked by James H 1

Must you have an tax id/resale to operate a successful online biz? Also does anyone know how would I find out the cost of those,if in Michigan? I have tried going onto the treasury etc. no infoonly shows required licenses.

2007-08-13 16:59:33 · 1 answers · asked by Anonymous

Is there anywhere online I can get like a tax calculater or a tax table? I am getting a bonus from my employer next mont and just trying to estimate the taxes its going to be 1156

2007-08-13 16:51:08 · 4 answers · asked by Tyler R 1

I have heard that after 150,000 of Annual Gross Income (AGI), the mortgage interest you pay on your primary home cannot be deducted fully, is that true? If so what is the formula to use to figure out the actual tax deduction available

2007-08-13 16:34:47 · 5 answers · asked by pinkesh s 1

In state California, does veteran get 6 months of unemployed pay if they go to school?

2007-08-13 16:22:58 · 2 answers · asked by Anonymous

I work full time making 60,000/yr but I also work on weekends on my second job making about $15/hr (16 hours total per weekend). I am wondering if I will get any tax break or such when I file for my taxes next yr.

2007-08-13 16:04:17 · 7 answers · asked by uditnarayan11 2

2007-08-13 15:49:36 · 3 answers · asked by dsand10221 1

I'm legal resident of the United States for little more than 3 years, not a citizen yet.
Property which intended to be sold is current residence of my close relatives(mother, father and grandmother) they will move here in New York City and reside as permanent residents.
My question is: do they have to pay any kind of taxes, if yes then what % of the whole amount.
Also, as they do not have any banking accounts here in US, possibly, they'll transfer these money to my account electronically. In that case would I be liable for any kind of taxes from amounts appeared on my accounts?
Thanks in advance.
Any answer/advice will be gladly appreciated.

2007-08-13 15:47:01 · 4 answers · asked by ILIA. G 1

This year the property tax in my state was restructured, or in plain terms raised.
Some people are paying double or triple of what they use to pay.
One guy who owed over $12000 in taxes, so he decided instead of cutting a check, to bring in cold hard cash, in singles.
The assessor was pissed and told him to take it back and in his words "do it right"
Can he really demand that when there is no law prohibiting him from paying in cash?

2007-08-13 15:26:42 · 2 answers · asked by Kari 4

We were not married last year and she was only 17. I was 19 but I supported her 100% and she lived with me all year. She made less than $ 3000 for the year and no one else claimed her as a dependent. I have been told I could re-file now and claim her as a dependent for last year and recieve a larger refund. Is this true?

2007-08-13 15:21:40 · 7 answers · asked by bryan322 2

I wonder if I buy items and the auction closes for less than I paid: must I report each "sale" made as income if I'm losing money on sales? I really need a tax professional if you're out there. I would hate to have a tax bill for $100s or (gulp) $1000s of dollars after a year in which my business lost money. The IRS makes me nervous about starting-up a business...thanks for any advice to all.

2007-08-13 14:46:54 · 7 answers · asked by Justin 2

2007-08-13 14:39:00 · 3 answers · asked by Princess Social 1

2007-08-13 14:15:54 · 5 answers · asked by Princess Social 1

What kind of things do they check?

2007-08-13 13:46:38 · 4 answers · asked by wuwu 2

Is it part of the employees wages, or does it get taxed differently?

2007-08-13 13:44:04 · 7 answers · asked by Dan S 2

I received a "proposed change" to my 2005 taxes. It included additional tax, payment decrease and interest charges. It contained an amount due if paid by 7/25/2007.
I paid that amount and the check cleared on 7/20/2007

I received another notice saying I now owe a "penalty for late payment since prior notice" of my original taxes 15months @ .5%.
why wouldn't this have been included on my original notice?
Do I owe this, especially since I paid the full amount they originally said I owed by the date they said?

so dam* frusturated

2007-08-13 13:07:24 · 4 answers · asked by mcastron 2

Is this possible? My father received $80k from the sale.

2007-08-13 12:36:04 · 13 answers · asked by irolg 1

So if the guy that caught that 1million dollar baseball, and decides to keep it, and then dies, would the irs tax his estate the 35% of the 1million? What if he lost the ball? What if it wasnt worth anything anymore, only the 1 dollar walmart price? What if he sells it to his freind in another country who isnt a us citizen for 1 dollar? Will they tax him 350k for that 1 dollar he made?

2007-08-13 11:26:54 · 1 answers · asked by Anonymous

Ok, I have an LLC with a dba on a retail store (California). I'm looking into completing the sale in the next 2months. I read somewhere that a business can be sold as the LLC as a whole, or be sold as assets being broken down. Is that true and if so, is the advantage in selling the entire LLC really at a 15% tax vs 33% tax braket?

Are there any tips in lower my capital gains tax on ($700k selling price). Meaning can I invest that gain into paying off my $400k mortgage and only have to pay taxes on the $300k or even buying a second home with $500k down and pay taxes on $200k?

2007-08-13 11:21:42 · 4 answers · asked by aH D 1

Besides paying the IRS $39 for them? A friend of mine did them for me and I can't find them anywhere and do not want to pay 40 bucks to get a copy.

2007-08-13 11:21:31 · 5 answers · asked by Anonymous

my boss was bought out by the company and today they "let me go" for no reason, I was making 1,150 bucks a pay check every two weeks, i know not allot but im 20 years old. I have been with the company about a year and i just had a baby and they said they are going to give me 4,000 severance. Can i still get unemployment?

2007-08-13 11:13:29 · 2 answers · asked by nicole k 1

Or a good average for Massachuets?

2007-08-13 10:44:59 · 1 answers · asked by ingsoc1 7

2007-08-13 10:44:51 · 5 answers · asked by jmitc3 1

When selling AVON, what are the requirements or earnings amount for having to claim the earnings on your income taxes?

2007-08-13 09:58:03 · 4 answers · asked by Anonymous

I thought it was usually around 20%? Is there anything I can do to withhold less?

2007-08-13 09:47:49 · 8 answers · asked by grandmasterlau 2

If we replace income tax with a national sales tax then evebody would have 2 pay and employers wouldent have to deal with all the costs of accountants for there income tax stuff plus nobody could cheet and hide from the goverment. what do u think?

2007-08-13 09:36:25 · 9 answers · asked by abbss28 1

What would be the tax rate and when do i have to report this?

2007-08-13 09:30:01 · 2 answers · asked by Anonymous

i will make approximately $80000 at the end of the year.. i have 2 kids and paying for daycare 1000/month... my husband/soon to be ex owns a home and we paid for the house monthly in half but the loan is under his name.. if i continue being tax exempt at the end of the year, how much do you think i will owe the government at the end of the year i file alone without my husband?? i just cant afford paying 2000/month on tax right now..... what should i do...

2007-08-13 08:36:31 · 5 answers · asked by sunstars 2

My boyfriend recieved a packet in the mail from the irs saying he owes 1200.00 for failure to file in 2001. 2 problems arise from this. One he was in the military for most of the tax year mentioned and two he never recieved a W-2 for the 2001 tax year. He served over 5 years in the navy, was in a tax free zone for at least a month. He has filed taxes for every year but this one. Had he been able to file for 2001 ( gotten his W-2 ) he would have gotten a refund. Can anyone give us suggestions on how to handle this? Thank you for helping

2007-08-13 08:27:16 · 10 answers · asked by butterfly02012001 2

i work full time and i get paid on the 1st and 15th, my check before taxes is 720 so how much gets taken out each pay period?

2007-08-13 08:24:33 · 4 answers · asked by Anonymous