United States - August 2007

Here is the situation. My mom earns 10.56 an hour. She worked 40 hours at regular rate and 32 hours overtime. Total of 72 hours. Her employer calculated her overtime as 10.72x32. Instead of calculating 1.5 times her regular rate...they calculated 1.5 times minimum wage (7.15 here in NYS). Can they do that? Arent they supposed to calculate 10.56x1.5 as overtime?

2007-08-24 06:40:27 · 10 answers · asked by Anonymous

Or should I add allowances to my w-4 to account for the fact that I will only have worked 3 months of 2007

2007-08-24 06:26:10 · 6 answers · asked by Top 99% 3

My brother has declared bankruptcy for the fourth time in 7 years, from buying to many luxuries. I have asked him if he has placed any money aside for taxes due for the year and he says he will not owe one cent since he has declared bankruptcy. Is this true or is he in denial? I have told him to prepare for an IRS audit. Any answers on this one would be truly appreciated.

2007-08-24 05:31:48 · 7 answers · asked by Anonymous

Any forms, phone calls, etc to gain the portion of the jointly filed tax return owed the spouse who is not on the hook for the support payments?

May not matter but they are Jersey residents.

2007-08-24 05:28:36 · 7 answers · asked by gatewlkr 4

I live in Illinois. My property tax assessment went up 9.3% this year. I know the market is down.
Is there any way for me to fight this? Do I even have a chance to lower it, or is it a futile effort.

2007-08-24 04:38:10 · 7 answers · asked by Anonymous

in simple English. eh lets call it layman's term//
what do I pay if I sell within a year? and is that inclusive to my income tax?
Do I need to hold the stock for a year so I can benefit? will I pay C G s on stock that I have had over a year? slightly confused and hate looking in the IRS web page because I am a dexlexited deralick

2007-08-24 04:24:37 · 5 answers · asked by Anonymous

2007-08-24 02:27:38 · 8 answers · asked by Anonymous

I do my taxes at H&R Block. How do I get one? What do I need to take with me? Will they do a credit check? Please explain the process of paying them back. Thanks!!

2007-08-24 01:24:55 · 7 answers · asked by Anonymous

this is real ok.
in a year i have lost $1000 and then i recovered back $900 that mean the net is a loss of -$100.
my question is do i have to pay part of the $900 of winning to tax?
it is an income but i still have minus -100.

any answer apreciated..

2007-08-24 01:24:35 · 9 answers · asked by petersmith 2

**My account at Fidelity is taxable**

I have money in a Fidelity mutual fund called "cash reserves" The yield is 5.00% But the dividends this fund pays do not qualify for the lower tax rate

I own shares in Bank Of America, this yields 5.30% but the dividends qualify for the lower rate.

I'm guessing Bush enacted these cuts to give people an incentive to keep money in stocks rather than money markets (cash).

I'd really appreciate it if someone could give me the actual differences.

Thanks in advance

2007-08-24 00:48:33 · 3 answers · asked by Willem D 2

My fiancee hasn't filed his taxes for the last 5 years. he worked for a construction company that paid him with a business check and no federal/state/social security or anything else was taken out of his check. That was 4 years of the 5. And he did not file this year either. After I explained to him how serious this is he has decide to file his taxes and straighten out the whole thing before the year is out. What is our next move.....
He doesn't have any of his W-2 forms form the construction job if it matters at all. Any advice would be appreciated Thanks So Much

2007-08-23 22:43:20 · 12 answers · asked by shay22 2

2007-08-23 20:41:48 · 3 answers · asked by Anonymous

2007-08-23 18:26:05 · 5 answers · asked by jenny g 1

I,m new to the lottery so i dont know how it quite works if you win i know you get taxed and stuff. but do they consider it income each time you file your taxes. say a person quit his job after he won would he still get taxed each year.

2007-08-23 17:50:25 · 9 answers · asked by Anonymous

Hi, I am 16 and I just got my first job in May of this year and I have a 15 month old son. I live in my mom's house and she usually pays for everything but she tells me that I can't claim my son as an exemption because I'm not technically head of household and because I'm a minor. So when I got my job I claimed "0". At the end of the year can I claim the child tax credit and how do I file my taxes and everything?

2007-08-23 17:40:06 · 8 answers · asked by Dawn G 1

2007-08-23 17:24:53 · 5 answers · asked by Anonymous

2007-08-23 15:52:14 · 4 answers · asked by JLS 1

my friend has never had a job but she has a child and she is on welfare and she asked me today is elegible to receive income tax at the end of the year what should i tell her

2007-08-23 15:36:55 · 23 answers · asked by beautiful 1

I just received my college degree and I am starting a new job Monday. This is the first year I will be working as a single mom. I need help with how I fill out my W-4. I used to claim 0 when I had no children so I would get a larger refund back at the end of the year. Now I cannot afford to have such a large amount taken out each paycheck. I know a couple of people who are single mothers getting a $4000 tax return, but neither of them know how many they claim on their W-4.
I just need to know how many dependents to claim to get the maximum amount of money for my son and me. Do I claim 1 (for my son), 2 (for my son and me) on my W-4, or do I claim 0 on my W-4 and wait to claim both of us at the end of the tax year?

PLEASE HELP!!!

2007-08-23 15:30:01 · 6 answers · asked by Shelly L 2

2007-08-23 15:25:27 · 4 answers · asked by Surf Dude 1

2007-08-23 15:15:53 · 3 answers · asked by Anonymous

I filed for an extension, paid a rough estimate for both fed and state. do I use the 1040 form to file now or do I need another form. 4/15 wiped out my accounts with the estimates. Had 1099 contract labor and 1099 debt relief along w/ W-2's. The 1099's killed me. I need to know what forms to fill out to go ahead and get this behind me. have never done this b4

2007-08-23 15:14:49 · 3 answers · asked by nashniki 4

Ok....Lets see....I move around alot, i am 20 and i just had a son this year. I use my mothers address and she wants to claim me as a dependent. Cause she says I use her address so therfore its like I live there. Welll...I want to claim myself and my son. Can I do this?

2007-08-23 14:51:34 · 5 answers · asked by Anonymous

If 280 million and 40 million green card holders put $20 a month back into the social security credit card banking administration we could wean ourselfes off of taxes over a period of 5-10 years.
$6.4 billion a month back into the fund..... Who needs Greenspan or Bernicker when we can use credit to pay our tax......

2007-08-23 14:50:43 · 3 answers · asked by Anonymous

2007-08-23 14:17:48 · 3 answers · asked by Joshua F 2

I am an inhome caregiver, employed by a company (not an agency). I drive myself, in my own vehicle, to the clients home, sometimes take the person on errands, and I'm required to have a cell phone and car insurance(which I pay for). Is there anything I can deduct? Gas, phone bills? I'm very unfamiliar with writeoffs. Any info would be helpful!
Thank you!

2007-08-23 13:33:39 · 4 answers · asked by belle 5

I'm buying from Journeys, the shoe store, and I'm paying with a prepaid credit card from Visa, I haven't gone to get it yet because I want the exact amount, or close to it, what I'm getting costs $59.99 with free shipping, is there tax or not? How much is it?

2007-08-23 13:22:27 · 5 answers · asked by Anonymous

I just quit a shadey job as a pizza delivery guy. My boss said he would put me on payroll next week ever since I started working there a month ago. He runs his business very cheap and everyone there works under the table. I also found out he was going to fire me because I couldn't get to work one day because of an emergency. I quit and got a REAL job before he could, but still, I wanna get him back. I wanna report him to the IRS, but since I was taking it under the table for about a month, could I get in trouble?

2007-08-23 12:46:35 · 6 answers · asked by Anonymous

For persons that is retiring at the age of 62 through 70 in the year 2005 or later.( Social Security Administration, www.ssa.gov). What are the annual benefits for a person who retire at the age of 64? At what retirement age does a person receive an annual benefit $11,600? Why do people that postpone their retirement until age 70 get the highest benefit?

2007-08-23 12:29:33 · 3 answers · asked by lala haha gaga mama 2

If i have a joint ownership of a rental property and the income from the property goes to a checking account that is joint ownership. Are taxes at the end of year only go to the primary SSN or both?

Wondering how we split the interest received from the account as well as the income that in generated from the company when we file taxes. Thanks!!

I live in CA.

2007-08-23 12:25:38 · 6 answers · asked by Lost I 1