United States - September 2007

2007-09-11 19:38:20 · 7 answers · asked by Samuel 1

Just got a job and found out instead of w-2 they have us fill out 1099 forms....then they told us because of this, we will pay less taxes, instead of being taxed at about 30% of our pay which is about normal, we will be taxed at only about 15%, and at the end of the year there are numerous write offs and deductions....but when researching it, i noticed that a lot of people are actually paying more taxes using 1099 form (self employed) because they have to pay what the employer didnt....

if this is the case why did they tell us that u will be paying less taxes because the government is making money because of our sales so they give us a break??? are they lying or what

basically my question is this..in a month, someone who makes $3000 would normally get taxed around $750 using w2

how much would they get taxed using 1099?? thx

2007-09-11 18:55:49 · 5 answers · asked by . 2

we are thinking of buying a Ranger boat. If we buy from a dealer we would be paying around $ 2400. in taxes. So if we buy from another person do we still have to pay sales tax.?

2007-09-11 16:57:20 · 2 answers · asked by peggy t 1

Who is responsible for creating taxes? How did taxes start and where? Short brief answers please thank you!

2007-09-11 16:44:51 · 3 answers · asked by Anonymous

2007-09-11 16:35:48 · 2 answers · asked by angien_2000 1

Hi Everyone,

I currently live in PA and have a fulltime job. However, I have just recently starting doing freelance website work for a company in Canada. I was wondering what the tax implications for the money earned from this work would be? I am usually paid through PayPal, but on larger jobs I am mailed a check. Anyone have any idea how taxation works on this? Do I just file a schedule-c and list this as additional income (under my dba), or something else? I assume I do have to report it in one way or another :) Any help/advice would be greatly appreciated!

2007-09-11 16:10:06 · 2 answers · asked by David N 1

I was told that the employer is 100% responsible and although I know they are the one's paying the government for the unemployment, aren't they allowed to raise or lower the unemployment tax on our paychecks which ultimately shows that we pay into our own unemployment?

2007-09-11 15:34:54 · 9 answers · asked by stephanie s 1

My 2006 return is very basic-no deductions-easy as pie...I am late filing though.....what will the approximate charge be from a run of the mill tax service chain?

2007-09-11 15:23:13 · 4 answers · asked by Mono 2

I make 45k a year at my current job. I claimed "2" on my taxes.. and we dont have state tax. Any idea after taxes are out about how much i will make bi-weekly (before health insurance is taken out and crap)?

I get so confused about that kinda stuff!

2007-09-11 14:37:45 · 3 answers · asked by Anonymous

When do you have to pay the taxes for the annual income?

2007-09-11 14:12:52 · 1 answers · asked by Anonymous

Do you pay taxes for the year based on what you earned for that year or when you got paid (meaning the date on the check) so if this year for the month of december you made some money, and got the check in january and it was dated january date, would you file it for 2007 or 2008

2007-09-11 13:38:47 · 8 answers · asked by guest987654321 2

Does the IRS penalize or give you less deductions and exemptions when you file seperately from your spouse? Meaning file as married filing seperately instead of married filing jointly.

2007-09-11 13:32:59 · 7 answers · asked by Sheila 6

I just received an Notice of Adjustment for my 2006 State Tax Return. It is saying we owe $1700 from the refund we received. I used TurboTax when completing our return. Even though we live in one state, I tele-work from home for a company in another state and have taxes taken out in that state. When I completed TurboTax, there was a section asking about out of state income or gain and so I put my income from the other state in there. It also said do not include Personal Service Income. There was nothing on the Learn More About This Topic link for that particular phrase, so I included my out of state income there.

Before I call up Turbo Tax and spend $$ to talk to a tax advisor, am I culpable for this error or should it have been explained better by Turbo Tax? I'm sure they will be saying too bad/so sad and you need to cough up the money. Maybe they should be saying on their forms to not include any WAGES or anything shown on a W-2 instead of saying Personal Service Income!

2007-09-11 13:08:52 · 2 answers · asked by mom2two 1

me and my friend are arguing over this topic..so help us!

2007-09-11 12:55:01 · 8 answers · asked by 12345 1

I claim exemption from withholding for 2007, and I certify that I meet both of the following conditions for exemption:

Last year I had a right to a refund of all Federal income tax withheld because I had no tax liability and

This year I expect a refund of all Federal income tax witheld because I expect to have no tax liability.

If you meet both conditions, write "Exempt" here

2007-09-11 12:26:33 · 3 answers · asked by Anonymous

how much will i get back on my tax return? (heres a lil info)
19 years old
single
no dependents
live with mom (don't claim me on her taxes)

YTD
Federal tax 2399.01
FICA/MED 2122.52
Indiana 1102
Laporte 503

i make around 1200 biweeky and so far i've made around 20000 this year

2007-09-11 12:22:58 · 5 answers · asked by hmmm 2

this means you will problably owe at the end of the year is this correct?

2007-09-11 11:02:58 · 4 answers · asked by Anonymous

Does stay-at-home-dad have to file taxes if low income? Like if it's under $1,000 for the year?

What about the child credit, how does that work for a non-married father with low income because of staying at home to watch the baby?

2007-09-11 10:50:36 · 8 answers · asked by jasontogs 3

I live with my partner. We are not married. We are not legally or biologically related, though we live as family under the same roof, all year. I do not work, and she does. Can she claim me as a qualifying relative for dependent status on US taxes? Both US citizens.

2007-09-11 10:44:07 · 5 answers · asked by quirky 5

My boyfriend doesn't pay taxes. Probably never will. If we get married, how can I file my taxes without giving red flags to the IRS about him? My taxes get taken out of my check so it's only fair that I get something back regardless of his past choices. Is my only option "Married filing Separately"? We don't have kids yet but plan on it soon. So whatever advice you can give me will be appreciated!

2007-09-11 10:31:06 · 8 answers · asked by sadiekanesam 2

I am starting a new job next week, and will undoubtedly have to fill out the dreaded W-4. My wife stays home with our 5-month old daughter, and my salary will be $35,000/year. So, that makes a family of 3, with myself as the only income source.

Last year, we filed "married but filing separately" on our taxes, and will do so again. So, how many should I claim? Thanks!

2007-09-11 09:56:06 · 4 answers · asked by Anonymous

I am going to have a lap band done in mexico. Is that covered under our medical deductions for federal return? Second part would it be better to deduct it off taxes or use that pre tax money. The cost of the procedure is 8000. I have heard you can only get 5000 pre tax. Just wanted to see finacially which would be better. the 8000 and all my other medical things far exceeds 7 1/2 percent of my salary. thanks in advance.

2007-09-11 08:49:24 · 3 answers · asked by Lakeside5 2

we both have worked this year i recently had a baby on aug 29 and he wanted to claim the baby i disagreed . he thinks if he dosent claim the baby i should give him a cut for tking care of the baby because we both do .

we have been together 2 1/2 years,hes a really great guy, takes goog care of the baby

2007-09-11 08:37:50 · 13 answers · asked by firstborn_1101 1

I am doing business in Texas, but I incorporated my business as a corporation in the state of Delaware. I heard a rumor that I don't owe sales taxes to the state of Delaware, if I am doing business outside of Delaware, but I don't know if this is true. Please help me, I am thankful for your advice.

2007-09-11 07:18:08 · 7 answers · asked by Anonymous

2007-09-11 06:58:19 · 6 answers · asked by Michael 1

i was supposed to have my review and raise done in may and its now september and he is just getting around to it.
i was told by a friend that he is required by law to pay back from the date my review was supposed to be. im in MA if that helps

2007-09-11 06:57:41 · 7 answers · asked by cole b 1

2007-09-11 06:37:16 · 11 answers · asked by luckgirl924 1

I have heard that you can only claim your kids on taxes if they are in your custody 6 months out of the year, I am going to be providing medical and dental insurance on my kid as well as paying child support and her mother collects state assistance and lives quite a distance from me does anyone know if its possible to claim my kid on my taxes for providing the insurance?

2007-09-11 05:05:11 · 9 answers · asked by kasper 1

2007-09-11 04:47:06 · 7 answers · asked by Anonymous

What tax deductions are available to me? Will this be treated as a purchase or refinance? Thank you.

2007-09-11 04:44:11 · 9 answers · asked by Anonymous