United States - September 2007

I understand child support is not deductable or taxable. However, it seems that this additional income would be considered earned income. I have not been treated well in this whole process, even if she had no tax liability, I would feel somewhat better if I was allowed an interest deduction.

2007-09-29 22:09:34 · 5 answers · asked by J L 1

This is my first job, and I don't really know what I'm doing on the W-4. Here is my information -

I think I will be making less than $2500 by the end of this year.
I'm only 16, so I'm a dependent. I don't have any kids... so I don't have any dependents myself.
I don't meet the requirements for any of the allowances on the Personal Allowances Worksheet.

The form says that you aren't exempt if you make over 850$ and you're a dependent, but whenever I fill out some of the withholding calculators online, they say that I'm going to be paying 0$ for federal taxes. What am I supposed to do???

2007-09-29 17:10:55 · 3 answers · asked by Anonymous

2007-09-29 16:55:02 · 7 answers · asked by corsby 1212 1

He pays 50 a month to welfare because I am on assistance temporarily. He's only paid for two months. I have full custody, but my husband goes to school full time, no job, and I am not in school because I am in my 3rd trimester. Can he claim her and receive the large child credit? Does he need my permission to claim her? Does anyone know where I can get these questions answered?

2007-09-29 14:56:21 · 10 answers · asked by Chris g 1

I'm talking on a federal level. A tax of 15-20% would be roughly equal to what the IRS takes in in sales tax. This would be more fair to the people, because it taxes on how much they spend, not on what they do for a living (work). Also, you have some influence over how much you pay in taxes. Seems like a good idea to me, are there any drawbacks? Oh yeah it would also make taxes much simpler, cause tax code is about 10x longer than the Bible.

2007-09-29 14:44:17 · 9 answers · asked by Anonymous

2007-09-29 14:40:59 · 5 answers · asked by mommyof3 1

2007-09-29 13:13:28 · 6 answers · asked by yolandarnd 1

2007-09-29 13:06:03 · 6 answers · asked by Olivia C 2

i just got audited by the IRS cause my tax guy did stuff that i never asked him to do like, me going to school, donating money & stuff to goodwill, and work clothes, stuff like that. anyway, can i sue my tax guy for getting me audited? and what kind of lawyer should i use?

2007-09-29 11:49:08 · 6 answers · asked by jose c 2

I am 25 years old, will social security be there when I retire?

2007-09-29 10:40:00 · 4 answers · asked by nebula 6

I believe a certain part of the tax code is silly, and I'd like to challenge it to get it overturned. Is this possible for a civilian to do?

2007-09-29 10:34:11 · 3 answers · asked by ret2go83 3

2007-09-29 08:31:24 · 3 answers · asked by CHRISTINE P 1

I have a regular job, but I also do freelance work on the side. I have made approximately $30,000 this year in freelance work. I haven't spent the money, and I have probably $5000 in expenses related to the freelance work. Will it make a difference in my tax standing if I start a business as opposed to just counting it all as personal income?

2007-09-29 08:31:11 · 4 answers · asked by Scott A 2

2007-09-29 07:25:39 · 3 answers · asked by Mickey O 1

I am a salesperson at a car dealership. My only vehicle is a company provided demo. Basically, if I reach a certain sales goal every month, I get to use the car. We have to turn them in after 5k miles and get a new one. They are not registered to us. I've noticed lately that I do alot of sales work outside of work as a condition of having this company car. People stop me all the time to ask me about the car, ask me about other cars, or to get my card, and I catch people peeking in and reading the window sticker quite often. The actual purpose of the car is to be used as a "demonstrator" meaning it's basically a moving ad for the dealership. As a result, is it possible for me to deduct any costs associated with the car, such as gas or repairs, because no matter where I'm driving I'm still technically conducting business? I don't have any other reason to contact a tax professional and I really don't want to spend alot of money to get a simple answer. Thanks to anyone who can help!

2007-09-29 07:16:30 · 4 answers · asked by ret2go83 3

first off... it's a prize.. you don't see them taxing the dollar scratch off's that you win in a gas station...

secondly.. if they tax you when you first win the money, then why do they do it again at the end of the year?

consider this:

you work, you get money.. your money is taxed, they take a certain amount out of your paycheck (1st tax), then when you use your money to go buy stuff you get taxed again (2nd tax), and for the store(s) to even have the item, they have to buy it from the company which taxes them (3rd tax) and they have to buy the resources to make the product (4th tax).

2007-09-29 05:22:05 · 7 answers · asked by Anonymous 3

Last week I wrote a discussion on Income Tax and wanted to see proof of the law? All I got was a Wikipedia defintion which I don't use because of the many mistakes that are make within the website. However I would like for anyone to show me in the US law that requires us to pay Income Tax?

I don't want to see a codify IRS rules. In the constitution it says do not tax a man labor or compensation! But somehow I have been doing serious research and I have not found a Federal Law saying that we are to pay the income taxes.

I want someone to show me a Federal US Law in our constitution that says we are to pay these taxes. Not some book that the IRS design to mislead us? If You have a answer please leave a website and or other resources so that I can review them and I will write back to you to tell you if I am right or wrong!

2007-09-29 05:11:13 · 6 answers · asked by sonnys1980cc 2

he's 53 and we pay for everything for him.
Don't know if these things mean anything but:
We do not have health insurance for him, he has been getting it as a charity at the hospital or he just has it as a debt.
He also owes the IRS over $25k.

We want to be able to deduct from our taxes because he is getting expensive.

Does his address have to be the same because his current address is my brother's apt.? Also, he used to live with my brother so he has a few utilities in his name. He also has some credit cards in his name.

What are the requirements, does he have to be over a particular age?

2007-09-29 04:31:22 · 5 answers · asked by Anonymous

Trying to find out if I have done everything properly. I opened a business account with a EIN#. Wrote 4 equal checks dividing the probated condo money and about $16,000 of my mother's personal bank account money which was already in my name too. Checks were approx. $26,000 each. Is there anything I have to do tax wise? Like provide any information to the IRS or my siblings for tax purposes. We all live in Ohio except one in Florida.

2007-09-29 03:26:22 · 2 answers · asked by Anonymous

Scape goat, over taxed cigarette tax, What do you think the
next legal product will be over taxed? Does this remind you of
The Boston Tea Party?

2007-09-29 03:18:03 · 8 answers · asked by jenny 7

Do I get taxed on the difference between what I bought a property for (2 years ago) even though a large amount is going to the buyer as a credit? It is a rental. I am not making that much after fix up costs and credits back but do I get automaticly taxed?

2007-09-29 02:50:56 · 3 answers · asked by artguy90291 2

Say the amount I made was about 32K ? Also am I able to write off exspenses as business expenses if I would of not purchased those items if I was not in that business?

2007-09-29 00:59:09 · 3 answers · asked by whoudek 1

I've been doing research and I know that my company with need a tax ID number. Is this any different from my personal? If so, how can I obtain this tax ID number?

Thanks in advance!!!

2007-09-28 23:56:59 · 6 answers · asked by gdubchicago 2

How can I sue the government for taxing me for years and years for Area 51 facility that they claim doesn't exist. Although the Nevada area is fenced in, patroled and have orders to kill invaders that cross the line and gain access into the facility that doesn't exist. Although my tax dollars have been enabling the fenced in land, building of buildings, employee salaries, experimenting, equipment and a host of many other costs for something the government denies exist. How do I sue the government for my back taxes paid for something that doesn't exist?

Optional Information:
citrus heights, California

2007-09-28 22:35:51 · 3 answers · asked by subhash s 1

Why are we getting ripped off from this tax?

It's taken out of my check every paycheck and it's quite a bit too. I don't get any of that money back when I file for my taxes. I feel ripped off from the government.

2007-09-28 22:18:16 · 5 answers · asked by Knighthawk 2

Can I let my Fiancee claim my son as a dependent this year so I get a larger tax refund? My son isn't his biological child nor does he have any legal right to him neither does his biological father. Am I able to agree to this cause we do live together...?

2007-09-28 20:24:35 · 5 answers · asked by monkeystoneart 2

If I won 1 million dollars, what is the percentage I'd owe in taxes both federal and state. I live in Arizona, and I am single. Can someone who knows about taxes or how I can figure this out, please give me a good estimate. Thank You =)

2007-09-28 18:51:03 · 8 answers · asked by Miss Diiana 2

2007-09-28 18:36:56 · 2 answers · asked by lotsofluv40 1

I know this is not a timely question, but this year my taxes are going to be a little more complicated and I just want to know what others are paying for their taxes. thanks for your input.

2007-09-28 18:08:59 · 3 answers · asked by viajero_intergalactico 6

the federal income tax is unconstitutional because its a direct unaportiond tax all direct taxes have to be aportioned to be legal base on the constitution secondly the required number of states in order to ratifiy the amendment to allow the income tax was never meet and this has even been sited on modern court cases

2007-09-28 17:21:43 · 5 answers · asked by Cygnus 2