United States - August 2007

Married filing jointly both on chapter 13. am full time employed.
have other deductions such a mortgage, state tax charitable etc.

2007-08-05 03:08:18 · 3 answers · asked by mschrepp 1

I am a W-2 employee. If I want to start a side business and incur a loss at the end of the year, can I write off the loss? If allowed, how does the write off work?? And does it matter if it's a sole proprietorship or corporation?? Thanks

2007-08-05 02:50:56 · 5 answers · asked by Bob K 1

america was built on the foundation of being tax free. we even threw a tea party over it back in the day. now however, people have houses taken from them, inheritances taxed so greatly they lose everything. i knew a farmer who died and left his land to his three sons. they had no money and nothing besides the land they worked on all their lives. the government came and told them the value of the land for inheritance tax. they were unable to pay it and lost everything. not every case is as big as this but it is important you realize this happens everyday. any working american is taxed, losing about 15-20% of what they make before they even are paid. we are a nation with a high poverty level while politicians and government officials live with all the luxeries. we need to realize this as a country. what does everyone else think?

2007-08-05 02:33:57 · 11 answers · asked by Anonymous

2007-08-05 02:07:42 · 8 answers · asked by Anonymous

I have wondered....When I go to work and finally get my paycheck....we all notices the large chunk missing from taxes. Most everyone agrees that it stinks working for that money then have it taken away by the Gov. Why does no one ever try and do it the other way around. Why cant the Gov. tax people on what they spend. It seems like it would balance out. If they left my work check alone, and raised taxes on products we buy like food, mountain dews @ the gas station, just whatever, why would that not work? You could even tax things like Ciggz and Alcohol more than every day products....But it seems like by raising sales tax, and letting the worker keep their paycheck without taxes being taken, people could save more money and be taxed for the things they buy, if they dont buy alot then good for them they get to save up some money. It just seems to me it would balance out if you just flipped it around.

2007-08-04 21:33:04 · 10 answers · asked by Anonymous

2007-08-04 18:57:02 · 9 answers · asked by Young boi 5

she is concerned about this because her has since left the house in this year not last, and he kept telling her he filed an extension which he did in fact and then he filed head of household so he could claim all expenditres and the two kids, and he just told her when he got the huge return back, and bought their son a car.

2007-08-04 18:55:00 · 6 answers · asked by texashoedowngirl 1

Temp agencies have them so why can't casting agencies for background actors in Hollywood do the same?

2007-08-04 18:49:05 · 3 answers · asked by Anonymous

I was working at a small teddy bear store and was let go because the buisness is not making any money, and they are going to get out of their lease. - I was let go 2 weeks ago. When I was working there my boss would NEVER pay me on time and my schedule would always be given to me in the middle of the week. Right now I am owed over 300 dollars and he is giving me the run around. He told me he would have my money last monday- that never happened, then he said wednesday and that never happened. Then today he told me he would have it tonight at closing, I come in and he is not even there!!! I contacted him through text and calls and he is ignoring me. I contacted his father who owns the buisness and he told me that I will be paid tomorrow but i am getting very concerned because i am leaving on monday to New york for two weeks. My boss never filled taxes on me even though i told him repeatedly that I have my s.s.n and everything for him. What are my options if his father does not give my

2007-08-04 17:39:49 · 7 answers · asked by Kingsfan 3

my buddy who is separated from his wife recieved a letter from the IRS saying they are putting a Federal Tax Lien on his properities.
Well this is being filed for a tax year that he filed jointly with his wife (back in 2004), but he had mentioned to me that the IRS notices only have his social security number on them and not hers (his x-wife) even though they are both equally responsible for whatever debt was accrued for that tax year.
So now that this Notice was sent does this mean that his x-wife's properities will also have a lien against them even though her social security number isn't on the notices or just his property?

2007-08-04 16:47:40 · 4 answers · asked by Anonymous

I know if i claim 0 they will take out more every month but I will get more back when i file my tax return?

Is this true? I am not losing any money but not claiming myself as an exemption am i?

2007-08-04 16:37:57 · 4 answers · asked by bruce_eel 4

I am starting a business. Do I take my expenses off before I figure the tax I should pay? Or do I figure taxes off the top? I know I need a cpa.

2007-08-04 16:14:38 · 5 answers · asked by caligrlok 1

Can they also put a lien on your car even though you're still making payments on it??

2007-08-04 16:00:50 · 6 answers · asked by Anonymous

I understand that employers do not pay Federal Income taxes for their 1099 contracted employees; does this mean that I cannot collect unemployment if I need it?

My last contracted work was a six month contract in the state of California.

2007-08-04 15:10:28 · 14 answers · asked by trinrico 2

2007-08-04 14:39:50 · 3 answers · asked by biggles 1

My position was recently eliminated. I am deciding whether to request unemployment benefits for just a little bit until my next job. I have many student loans, and in order to keep up with the payments on these, I would work various small jobs on the weekends in which I was paid via check, but it was for different companies and always way under $600, so nothing was ever reported. This income was not taken into account in determining what weekly unemployment benefits I would receive. If I continue to work these contract jobs, will I have to report them and have them deducted from my unemployment benefits? I will report them at the end of the year on my taxes, but how will the unemployment agency find out about them?? They do not prohibit my typical employment of 9-5 as they are on the weekends, and how will the unemployment agency be able to determine the exact dates that I worked a couple weekends if the agencies most likely won't even report this income? Please help:( Thanks.

2007-08-04 13:14:17 · 4 answers · asked by anne1980 1

By the end of this year, my yearly salary would be about 60,000

I am 27 years of age and would like to know will I end up owing $ to IRS?
I am concerning because when I was 22, I had a lower income at about 22,000 and I remembered the govt said that I make too much money for my age.

2007-08-04 12:53:28 · 4 answers · asked by Anonymous

why do some places include the tax in the price and some dont

2007-08-04 12:26:05 · 7 answers · asked by Andreu 2

We pay our property taxes along with our mortgage and the amount listed on our monthly statement is considerably higher (roughly 20%) than what is listed on our county's Tax Assessor website for our address' estimated taxes (which includes city, school, county, college and hospital). Why would these numbers differ? Are we paying too much by some oversight during our mortgage process?

Thanks!

2007-08-04 12:18:01 · 4 answers · asked by wifey 2

My friend,who is 40, has been living with me since january, i am her sole supporter she has no income at all. i was wondering if i could claim her as a dependent on my taxes?

2007-08-04 11:48:24 · 2 answers · asked by AJSMOM 3

2007-08-04 10:30:17 · 7 answers · asked by janet h 1

I am doing the parents income estimator. I have no problem getting the income information from my father but would like to know what these questions mean.

it ask for the amount of Wages, salaries, tips, etc.

also,

IRS-allowable adjustments to income (payment to IRA and Keogh Plans, one half of self employment tax, self-employed health insurance deduction, interest penalty on early withdrawal of savings, alimony paid, and student loan interest deduction).

I am confused, can anyone help me out?
thanks

2007-08-04 10:29:40 · 4 answers · asked by explicted1 1

I'm 37 and trying to figure out whats best for me. Get a tax deduction for contributing to a reg IRA or take a chance and get a decent return having paid the tax and contribute to a Roth?

2007-08-04 10:17:17 · 8 answers · asked by Richard G 1

I was going to buy a new macbook but was wondering if these type of computers are not charged tax during the texas tax free weekend? So if I wait a couple of weeks will there be no tax on this computer?

2007-08-04 09:42:29 · 5 answers · asked by michael 2

2007-08-04 09:04:37 · 16 answers · asked by cokeonshelf 1

I filed a couple weeks before the due date in april, I haven't received any response or my refund. What gives??? They would have let me know if there was a problem, correct?

2007-08-04 08:55:43 · 9 answers · asked by Anonymous

Hi! I'm a Jamaican citizen who was on a Work and Travel program last summer 2006 in North Carolina and before I left I filled out my tax return forms. The problem is I didn't receive my social security number although I did apply for one. My employer told me he would mail my tax return document and my social security card to me when he gets them. He also told me that he would file for my tax return in January 2007. I got the document that stated my tax return were filed in February but all now I haven't received my social security card. Is this going to prevent me from getting my tax return money? I'm currently a Permananet resident in Canada

2007-08-04 08:37:54 · 6 answers · asked by pb 1

2007-08-04 07:40:25 · 7 answers · asked by debido461958 1

I have a good tax guy but he doesn't do electronic and it's 2005. I don't owe money but I thought I would try this forum for answers.

2007-08-04 06:34:22 · 3 answers · asked by Anonymous

If I'm doing some freelance design on the side, do I need to charge my customers tax? And do I report that in the additonal wages section of my tax forms?

2007-08-04 06:00:11 · 3 answers · asked by schaller2003 2