United States - August 2007

I wait tables,make less than 20K a year. I know I can fill out the IRS 1040, but since I make so little, should I fill out the IRS1040A or the IRS104EZ?

What are the differences? Thanks for your help!

2007-08-29 22:59:22 · 2 answers · asked by Mono 2

Is this statement correct? Pay stub year end totals should all be the same as reported on your W-2.

If your pay stub year end wages are the same as reported on your W-2 your FICA should also be the same on both documents?

2007-08-29 22:54:44 · 7 answers · asked by Anonymous

2007-08-29 20:27:59 · 8 answers · asked by Anonymous

In Out corporation we get paid different amount every week, now when you write yourself a check through quickbooks it calculates your taxes withdrawn based on the amount paid [and how much it would be if the same amount is paid throught the year]
Is there something that i need to do in quickbooks in order to make sure that the amount that quickbooks leaves out of the check for taxes is correct every week?

2007-08-29 18:28:30 · 3 answers · asked by InnovativeFlooring 1

If an non-profit organization accepts donations, can that money be legally deducted from a paycheck on a pre-tax basis? If this can be done, how would you file the income tax return so that you don't claim it as a further deduction?

2007-08-29 16:52:13 · 3 answers · asked by Searcher 7

2007-08-29 16:17:16 · 1 answers · asked by Anonymous

my dad says i can and if so i would like to know forms to fill out to get the money back.

2007-08-29 15:42:15 · 6 answers · asked by j00lee00 2

Can anyone tell me how it will effect my taxes to live in one state (RI) and work in another (MA) ... I also have two depedants if that makes a difference..Please someone point me in the right direction!

2007-08-29 14:20:56 · 7 answers · asked by Anonymous

I am a full time college student and I also work for my school's transit system. When I first got hired and filled out my tax information I may have done so incorrectly. I may have placed a 1 in the area where it asks about dependents, I don't have any. I believe that because of this there are not a lot of taxes being taken out of my paychecks. For instance, I received a check once for about a gross pay of $602 and about $6 of federal and $16 for state taxes were taken out. I redid my tax information and requested that an additional $5 be taken out of federal and state each. And when I redid it, I put a zero in the area for the dependents. But, the amount of taxes being taken out is still not what I think it should be. No more than about $40 for each check. I don't make that much, my gross a year would probably be about $11,000. Will I have to pay the IRS during tax season because of this tax situation? How do I fix this???

2007-08-29 14:19:21 · 5 answers · asked by ? 2

When your business pays you rent for a home office. I know it is deductible for the business. but how does that reflect on your persoanl tax return? Do you claim it as extra income?

2007-08-29 14:02:59 · 4 answers · asked by Anonymous

When I go to the Goodwill and get a slip for 50 dollars or 100 dollars, can I deduct that from my taxes? How does it work? Someone told me charitable deductions on taxes are only good for when you have donated at least 1,000 dollars worth of stuff...???

2007-08-29 13:39:56 · 3 answers · asked by norton2628 1

are church deductions deductible from a business? up to 10% of income of the business

2007-08-29 13:37:00 · 2 answers · asked by Anonymous

we had a baby in april. were not married. i was on intermittent leave before that this year. i just went back to work so ill only be full time for 4 months this year. who claims my son and can my bf claim me since he was the primary provider??? furthermore, since this is our first child, what should each of us claim now and then when we file to get the most out of our paychecks now and still get a refund? in the past ive claimed zero, then one. thanks

2007-08-29 12:51:09 · 4 answers · asked by Heidi 1

I went to this site below and it says that California does not have state lottery tax. If I purchased the ticket in VA, I have to claim in VA... So do i pay the VA tax as mentioned below, or do I pay the California tax, which is nothing??

http://usamega.com/mega-millions-jackpot.htm

2007-08-29 12:14:30 · 5 answers · asked by sassy 2

when to apply tax up?

2007-08-29 11:56:37 · 2 answers · asked by Anonymous

2007-08-29 11:14:40 · 6 answers · asked by Anonymous

Do i need to pay taxes? A few stocks I made money on and a few I lost money on. Overall I am down a few hundred dollars. I really dont know how this works. When do I pay these taxes. Also where are the forms I need. Thank you.

2007-08-29 10:53:39 · 7 answers · asked by Aquabug222 1

oh and I also want to know is it possible to get paid in cash or is it illegal??

2007-08-29 10:31:58 · 5 answers · asked by Nana 1

My employer eliminated my position two months ago.Now they posted the same position.I plan to reapply.If I do not get hired am I eligible for unemployment.
My last pay check from them is this week due to our contract.

2007-08-29 10:26:33 · 4 answers · asked by Anonymous

My girlfriend has been offered a job making $42,000 a year. We need to know what she can expect to pay in federal, FICA, and state taxes (Virginia) to get an estimate of her bring home pay? Single, no children...Help!

2007-08-29 10:16:22 · 4 answers · asked by JMUMA 1

My question is..I am thinking about selling a house and want to know if I have to pay capital gains tax. I used to live in the house, then starting renting it out. From what I know, if you lived in the house 2 of the past 5 years (which I have), you can avoid the tax. But...since I have been using it as a rental house the past 2 years, is that going to require me to pay a capital gains tax if I sell?

2007-08-29 09:37:07 · 5 answers · asked by TB28 2

If I don't get company health benefits and I am paying my own premiums which with other medical expenses exceed 7.5% of my Gross Annual Income, am I correct in assuming I qualify to write them off.

2007-08-29 08:58:01 · 4 answers · asked by DoorWay 3

2007-08-29 08:24:10 · 7 answers · asked by mleach62 1

My friend has been on workman’s compensation for the entire year. Does he have to pay taxes on the workman’s comp income? Where does that income go on your 1040?

2007-08-29 08:08:33 · 2 answers · asked by Solutions 2

My daughter is 16 and is now working part time. Can I still claim her as a dependant.

2007-08-29 07:46:27 · 8 answers · asked by eagleman 4

I know you can give someone up to $10,000 a year as a gift. But how much if you gave $150,000? Would it be considered income an the standard income taxes apply, or are the taxes different on large cash gifts?

2007-08-29 07:10:11 · 9 answers · asked by chef4133 2

I spoke with an accountant and she said " the ball is only worth what it costs at the store and until the guy sells it for whatever price, he should only be taxed on that, the original cost. So, I don't get it. Who's right?

2007-08-29 07:09:35 · 4 answers · asked by Castlebeach 3

2007-08-29 06:32:06 · 5 answers · asked by krazysevn 1

2007-08-29 06:11:13 · 5 answers · asked by Anonymous

If I am running one business as a sole propreitor under my name and another as a sole proprietor under a ficticious name, completely separate businesses, when it comes to filing taxes, do I still just put everything together when filing (Schedule C and SE)?

2007-08-29 05:48:31 · 5 answers · asked by abby 1