United States - August 2007

2007-08-27 14:46:12 · 5 answers · asked by onetwistedbutterfly 1

I wanted to use the FSA account at my work to put pre-tax pay into to pay orthodontics for my 15 yo son so that I don't have to pay taxes on that money. But if I cannot deduct it because I rent and don't have enough deductions can I still do that? I do file singe head of household. I only have one child. Does anyone know what that deduction amount is that I would need to reach if that is what I must do? Thank you for your help.

2007-08-27 13:08:00 · 4 answers · asked by Hurley 2

I just left my company (which is still privately held), and I wanted to exercise my stock options. Along with the forms, there's some forms about Section 83(b) Election, but I'm a little bit lost in all the legal jargon. Do I need to do this? My stock options are ISO and I'm only purchasing vested options. So, do I need to do anything with the Section 83(b) election? Or can I ignore it since I'm only purchasing vested shares?

2007-08-27 13:01:30 · 1 answers · asked by KH123 1

I started a LLC in April 07, and its going great I know I need to get an accountant at some point but I would like to learn the ropes before hiring a accounting service. My question is now I need to file my 1040es and pay my quarterly estimated tax liabilities. How do I do this? Thank you in advance for your answers.

2007-08-27 12:35:12 · 1 answers · asked by triminman 5

2007-08-27 12:26:54 · 5 answers · asked by ~*meli$sa*~ 4

I need office suplies: computer,fax and desk what part of this can if any I deduct. and what else may be one a list of deductions?

2007-08-27 11:40:23 · 4 answers · asked by james w 1

I am a Nurse practitioner with a regular salaried state job , i also am beginning to work some contract shifts on weekends and afterhours.
The income from my contract work is expected to match my income from my regular job , and i may end up grossing 200K.
Should i for a LLC for the contract work.
Also i heard CA does not allow professionals to form LLC.
How best to save some taxes?

2007-08-27 11:16:08 · 2 answers · asked by kkmix 1

i just graduated high school..my friends keep tellin me that certain fields u can start making four figures..how much is that and 6 figures?

2007-08-27 10:42:30 · 6 answers · asked by exotichic 1

that you wouldnt recieve the following year

2007-08-27 10:36:31 · 4 answers · asked by onetwistedbutterfly 1

I am debating whether I want to take 1 more class this semester that would put me in 12 units, which is full time. I also work full time. How will this affect my tax return, if at all?

2007-08-27 08:38:10 · 1 answers · asked by ShavenLlama 4

2007-08-27 08:15:35 · 4 answers · asked by Anonymous

2007-08-27 08:11:49 · 2 answers · asked by Anonymous

2007-08-27 07:41:11 · 13 answers · asked by Anonymous

Note- I would like to become an acctountant and then eventually a CPA; and I was thinking possible in some form with the government, wouldn't this eleminate the vast growing acctounting field?

2007-08-27 07:18:55 · 6 answers · asked by Diane D 2

2007-08-27 06:46:00 · 6 answers · asked by Drew W 2

It's my understanding that you can deduct the fees that you paid a company to manage investment property?

Well what if I was wanting to start my own property investment firm? Could I manage my own properties and charge myself a fee and get it back on my taxes at the end of the year? Or would that open a whole new can of worms?

What if a family member had a property management firm and they charged me slightly over the norm to manage the property?
You guys see what I am getting at? I'd rather keep my money circulating between my family members than the government, especially if I can claim the management fees on my taxes at the end of the year.

Is my reasoning unethical?

2007-08-27 05:51:14 · 3 answers · asked by Anonymous

I live in a small community, the builder listed a pretty large area as a common area (about 10 acres). My question is if this is given to the HOA do we need to pay income tax on this?

Thanks

2007-08-27 03:33:30 · 3 answers · asked by misty m 4

all the corrections are correct. I sent it to Kansas City, Missouri from St. Louis Missouri.

this week is the 6th week and I checked on the IRS site and they still didnt process it.

sent my 1040x on July 16th, 2007

2007-08-27 03:08:51 · 3 answers · asked by Anonymous

I currently pay her medical and dental + support. Mom says I can deduct since she doesn't work. I want to know if I have her sign the form saying I may claim her as a dependent, may I also claim head of household status come income tax filing season?

2007-08-27 02:56:17 · 3 answers · asked by Tyren M 1

My mother asked someone if the state can foreclose on her house since she is almost 1 year late paying her personal property tax and she was told that they wont but someone can get a sales tax certificate if that is done in Tx. Can someone tell me what that means and if that is done in the state of Texas?

2007-08-26 20:03:54 · 3 answers · asked by Anonymous

I just bought a home in February 07, and I sent in a check for the second part of my property taxes for 07, (The "builder" paid the first). The tax people lost the check and never cashed it so now I have to resend another check. I have an escrow account for the upcoming taxes and I have more than enough to cover the upcoming taxes so I would like to use the money to pay last years as well. Can I do this?

2007-08-26 19:05:01 · 3 answers · asked by Adriana G 1

How much money should the average working person have saved up in the bank ? And how many people out there are living paycheck to paycheck will less than $1000 in the bank or broke ?

2007-08-26 18:49:03 · 6 answers · asked by Black Jack 1

I understand there is a 6 year moritorium regarding liability. Can anyone point me in the direction for information?

2007-08-26 18:40:03 · 5 answers · asked by Anonymous

Unfortunately, I made the contribution in time for April 17 deadline, but had not yet done my taxes. When finally doing them, I realized I had exceeded AGI limits for deducting the contributions. Since I can't deduct, I'd like to just cash out the IRA, but obviously don't want to pay a penalty to do so.

Any guidance? thanks

2007-08-26 18:00:56 · 4 answers · asked by LM 2

2007-08-26 17:47:48 · 5 answers · asked by Man H 1

I just moved to Arizona, but live on the border of Neveda where a lot of the jobs are. Neveda does not have state taxes and I've been offered a job in Neveda. Will I be paying taxes where I work or where I live?

2007-08-26 17:47:33 · 3 answers · asked by mt 2

How does the IRS figure out "What is a reasonable offer?" Are the "Pay Pennies on the Dollar Companies" legitimate?

2007-08-26 16:02:49 · 3 answers · asked by pwilkers@sbcglobal.net 1

2007-08-26 15:10:10 · 2 answers · asked by la rae w 1

i have identity theft & having problem with tax's this guy have mortgage under my social sec. can i put a lien on the house

2007-08-26 15:02:20 · 5 answers · asked by kemberlyb@verizon.net 1

cost capital of 10 percent and a tax rate of 34 percent?
The auto is depreciated in this way:
year 1- 20%
year 2- 32%
year 3-19.20%
year 4- 11.52%
year 5- 11.52%
year 6- 5.76%

2007-08-26 14:12:58 · 1 answers · asked by aP 2