United States - September 2007

I just began a new job making 30,000/ year. How much I will make on a biweekly check. I'm single w/o kids. I would like to have more in my paycheck rather than get a big refund at the end of the year. I live in Maryland,

2007-09-08 04:18:12 · 7 answers · asked by Jazipoo 2

2007-09-07 23:36:10 · 6 answers · asked by BvLburg 1

Do I still pay an income tax?

2007-09-07 20:03:56 · 13 answers · asked by mishmallow8 2

What else can i do in order to prove the IRS that the money I spent on them are actually business expenses? I just need a way to make it deductible. on my taxes. Can I just make a "disclaimer" forn stating something like,


I------------------------- represent a company that sells merchandize to (me) who later on sells it on Ebay.
SIgnature-------------------

THis is just an example, but will something like this with a monetary expense value and a signature from them would be enough to prove Uncle Sam that the money I spent on are actually business expenses? if not, give me an example. HELP

Thanks.

2007-09-07 19:02:52 · 4 answers · asked by Confused 1

I have 25K in a 401(k) and would like to withdraw all of the funds for a better investment. My ex-employer matched my deposits.

a. What are the penalties associated with the withdrawal?
b. I know I must pay income tax on the amount, does that happen in the next tax year, or immediately?
c. Will my employer take back any matched funds, or are they mine?
d. Are there any breaks associated with paying off tuition costs?

Please spare me the lecture on taking out 401(k) funds, I have weighed my options carefully, and this would be the best decision for me.

2007-09-07 17:52:42 · 6 answers · asked by Anonymous

Movie stars get paid too much money for one movie, they star in, and people only watch it like what once or twice, it's insane, that money could be going to good causes, but instead it's going to movie-stars that have billions in the bank.

2007-09-07 16:57:49 · 12 answers · asked by taboo s 1

I'm 26 years old and have about $16,000 in my 401k. If I were to withdraw $3000 (not as a loan) to pay for a European vacation, about how much would I get after govt taxes IRS early withdrawl penalty (10%)? Thanks!!!

2007-09-07 16:07:34 · 8 answers · asked by Mrmojo6068 3

I will have short term capital gains this year from stocks I've bought and sold. I have some stocks I've held long term and could sell for a loss. I have no long term capital gains for this year. I know that federal short term capital gains are taxed as income at about 28% and long term taxed at about 18%.

1) Will selling these long term stock at a loss help to lower the my federal taxation on my short term capital gains?

2) Will each dollar of long term losses reduce my federal short term gains to be taxed by dollar for dollar?

2007-09-07 14:33:46 · 4 answers · asked by trader 4

worksheet. im single mom, 1 child, 30k yr. seem right?

2007-09-07 14:03:45 · 4 answers · asked by paganesque 2

how does it work and would i receive a refund?
ive heard of an EIC, does that apply to me?
i am single and my child is 6 months. (i dont receive child support and the father is not claiming her on taxes)
(on my w-4 i have 1 exemption)

2007-09-07 13:54:40 · 9 answers · asked by chan 1

2007-09-07 13:53:25 · 3 answers · asked by Sylvia H 1

I claim 5 and my husband claims 0. This year I will make 10,000 because I just started my job and he will make around 30,000. Will we have to owe taxes at the end of the year or will we be ok?

2007-09-07 12:16:39 · 4 answers · asked by Jennifer G 2

2007-09-07 12:06:57 · 7 answers · asked by Cruise Guy 1

I live in Florida. If my income is $2000 a month before taxes....how much will I get after taxes?

2007-09-07 11:44:13 · 3 answers · asked by Stephen F 2

2007-09-07 11:26:05 · 10 answers · asked by jeffdroling 2

I've never owed money to irs is it possible it is a mistake?

2007-09-07 11:03:47 · 10 answers · asked by yesenia g 1

At the end of this year, I will have earned 30,000 gross salary. What would you estimate my refund would be?

2007-09-07 11:02:08 · 4 answers · asked by justellemJimsaidhello 1

We have a $400k death pentalty that my mother will recieve in about 5 months. Law says that THAT money cannot be taxed, but it doesnt say that it cannot be taxed after it leaves that account. Is this law still active, after it is moved? I know my mother won't be taxed, but will the recipient be taxed?

As of now, it is a death benefit. After it goes to my mother, it will no longer be a benefit, but rather a bunder of moulah, correct? After it moves from my mothers to the recipient, the law that benefits cannot be taxed will be irrelevant. So the recipient MAY be taxed, correct? Please help, and good luck.
-Andrew

2007-09-07 10:31:23 · 7 answers · asked by College guy 2

I work full-time w/ alot of overtime, my wife worked full-time, but is now on maternity leave for a year (currently works part time), we just had or 1st baby (6 weeks old). Any help would be greatly apprieciated, Thanks.

2007-09-07 09:25:49 · 5 answers · asked by nbruno518 1

I recently started a new job. I've received a few paychecks already and noticed that I am not getting any federal taxes taken out. Which I do not understand why. I am still getting Social Security & Medicare taxes taken out, but not Federal.

I fill out my W-4 the same way with every job. I am single. No kids or anything. Live with folks. And I don't work for much. I always write "Exempt" on Line 7. Same everything. And I usually get my taxes taken out. But not this time. Why? On the paycheck, at the very top it says "Federal: 0, Tax Blocked". I have no idea what that means. Or why that is there.

I 'did' however recently notice that on Line 5 of this W-4, that I have nothing written in. On Line H, I do have a "0". But nothing on Line 5. Would that matter?

And if not, then what?

I do not know what to do. Please help.

2007-09-07 08:11:32 · 13 answers · asked by lostlittlegirl 2

2007-09-07 07:03:44 · 6 answers · asked by Anonymous

most of the items were farm related it would help her to know if she had to report this as income on her tax return for 2007 we are in the state of texas.

2007-09-07 05:48:49 · 9 answers · asked by steve b 1

We have one vendor at work we use that pretty much refuses to give us any documentation of sales with them. They say to just use our charge statement. Were we to be audited would these statements be enough?

2007-09-07 05:19:20 · 4 answers · asked by Sheri G 2

My partner and i have been together for 16 years and we have always filed our own tax returns, but for 2 years now i didn't work or file at all. She pays for EVERYTHING. Can she claim me as a dependant? If so, what is the best way to amend last years return? thanks...

2007-09-07 04:26:49 · 6 answers · asked by handyd 2

I have recently moved to Texas (about 9 months ago) from Mississippi and have been working steadily. I have to keep a permanant adress in Mississippi as I am still on my parents insurance. If my paychecks have my TX address on them will income tax be deducted for Mississippi? Or will I have to pay a lump sum at the end of the year? Or *crossing fingers* pay nothing at all? Also, what is my tax rate then? My salary is currently $35,360. Thanks in advance.

2007-09-07 03:06:46 · 6 answers · asked by vapidparagon 1

it is not my fault someone rear ended me, do i need to declare the money as income

2007-09-07 03:01:29 · 3 answers · asked by tree dancer 3

2007-09-07 00:57:30 · 3 answers · asked by Crystal C 1

hi, does anyone know what is going on with bush's plan for people going through foreclosure/shortsale this year?

what's your forecast...? will 1099c not be sent? what's the scoop?

i might be faced with both this year and worried what is to happen...

2007-09-06 22:57:11 · 2 answers · asked by h 2

2007-09-06 22:16:43 · 2 answers · asked by Sonia 1

Consider the following scenario:
A person has contributed to his company discounted share purchase program over years (post tax dollars). He moved 1000 accumulated shares to his brokerage account and now is planning to sell the shares. The brokerage account shows a cost basis of the share price at the time of the transfer.
What is used as the cost basis while calculating the capital gains tax? Please note that the 1000 shares were accumulated over many years with much volatility in the market (hence difficult to calculate cost basis).

2007-09-06 18:52:49 · 6 answers · asked by nycbong1970 1