United States - October 2007

I bought a commerical building in 2000 for 80K. Selling now for 380K. What will own in capital gain durring tax time ?

2007-10-22 07:04:28 · 5 answers · asked by Chris R 1

2007-10-22 06:39:33 · 4 answers · asked by Anonymous

The tax credit for the Toyota hybrids has expired and I am looking into buying one and I could not find out if Congress is going to offerer another credit or dedection.

2007-10-22 06:35:25 · 3 answers · asked by Jeriod T 2

Is it true that if you donate all your income to the government as a us citizen youll get tax cuts for the rest of your life or something? I heard that during i think Vietnam or ww2 people used to do this - theres a name for it - and after the war theyd be like tax free forever.

2007-10-22 06:32:21 · 3 answers · asked by Anonymous

and have not paid taxes this year.

2007-10-22 06:29:49 · 3 answers · asked by Anonymous

Do/Can you use your school financial aid refund as part of income for tax purposes

2007-10-22 05:46:49 · 2 answers · asked by jordynorr100 1

I just started a new job last week i get paid bi-weekly. i havent worked all year long until now. does anyone know if i will be able to claim earned income credit, i have two dependants ( 3 year old and a 3 month old) and i file head of household. I was told i would only get the refund of however much they took out of my paycheck for the year but now the earned income for both of my kids. No tax offices are open right now so i cant ask them yet.

2007-10-22 05:38:49 · 3 answers · asked by jordynorr100 1

2007-10-22 04:01:02 · 4 answers · asked by robbievic 2

2007-10-22 03:35:07 · 4 answers · asked by Theresa P 1

2007-10-22 02:07:47 · 9 answers · asked by krr 1

Okay play fair now. Take a guess then check out this link. Promise?
How much do you think the average american is taxed. That is. Til what day of the year do YOU work until all these taxes are paid up. (fees permits taxes etc.).
Guess a day (like january 12th or something)then read this. But tell me your guess. and be HONEST!

http://www.taxfoundation.org/taxfreedomday/

2007-10-22 00:36:01 · 2 answers · asked by kent j 3

An 89-year-old, blind widow could lose her Marissa farm because she never received notice that she owed $38.08 in property taxes from 2003.
On Thursday, a lawsuit was filed in St. Clair County Circuit Court on behalf of Virginia A. Juenger after a tax buyer, Prairie State Properties LLC of Belleville, purchased her delinquent tax from 2003...

What do you have to say? Read this news at
http://www.bnd.com/news/local/story/152746.html

2007-10-21 23:58:17 · 5 answers · asked by MukatA 6

i am going to get 10,000 / month USD .

2007-10-21 22:51:55 · 6 answers · asked by jeevagun 1

2007-10-21 22:39:17 · 3 answers · asked by jeevagun 1

how much $ would i get back? i plan on donating the money i receive to other charities.............Los Angeles, California.... thnxs

2007-10-21 17:23:04 · 3 answers · asked by Anonymous

When filing taxes or applying for financial aid, how do I know if I'm considered independant or not.

2007-10-21 16:35:48 · 4 answers · asked by ozo2004 2

I am 18 male living in California and i work at a sushi restaurant making minimum wage maybe like 400 dollars a month

2007-10-21 16:03:51 · 9 answers · asked by Alan Y 2

Is it required that a paystub have YTD (year to date) printed on them? Does it vary from state to state?

2007-10-21 15:54:32 · 7 answers · asked by Amethyst Crystal 1

Ok so apparently you have to justify everything you write off as a business expense, right? So, how do they define it as being justified? Do they have some sort of standard to follow depending on the type of business your running?

What if you have stuff thats for business but also personal use? Like these headphones i bought - i bought them for myself but i also use them to test out the sound cards on laptops i sell (i sell computers over the internets)

Could i go as far as writing off my half-life 2game wich i bought for myself? I could say i use it to test out the video cards on the computers i sell, and i have actually done that so that i could take pics of a laptop running that game.

2007-10-21 15:06:13 · 7 answers · asked by Anonymous

we both own a home as a primary residence, but we rent one and live in the other

2007-10-21 14:52:46 · 11 answers · asked by del 2

Last year I got approximately $200 back from both state and federal taxes. I was claiming 3 dependents. This year I am claiming only myself, so am bringing home less each month, even though my annual salary is higher. Will my tax return inrease this year?

2007-10-21 13:48:59 · 6 answers · asked by buffy2vt 1

does your income affect the answer

2007-10-21 13:32:10 · 5 answers · asked by korax777 2

To write off stuff on your taxes? Like business expenses etc.? I sell stuff, and im planning on filing taxes this year. Id like to open an LLC but im a minor. Hows this going to work? If i dont file taxes will they tax my parents for my income? If i file taxes can i still writeoff business expenses? What about inventory costs? Someone told me i cant pay taxes only my parents. But my business just cant afford to be paying taxes for my parents tax bracket without making my parents money!

2007-10-21 13:20:35 · 4 answers · asked by Anonymous

What is Earned Income Credit in regard to federal income tax? Whom does it benefit, single parents, low wage earners, large families,etc?

2007-10-21 11:59:01 · 4 answers · asked by angrycelt 3

I have all the receipts for them.

2007-10-21 11:49:05 · 5 answers · asked by sniperkill546 2

2007-10-21 10:41:39 · 4 answers · asked by EBV 1

I work in a hotel in Colorado, and at this job I am currently making $8/hr. (Not great, believe me) Anyway, my brother works in a machine shop and a friend of me works for an internet company. They also make $8/hr each. Upon visiting the bank one day, I realize I usually pay between $20-$30 more on taxes a week then they do. We are all within a year or two of age, same marital status, same pretty much everything. We even work in the same city. Does anyone know why my taxes are so much higher? Is there a way I can get them to come down?

2007-10-21 10:36:50 · 5 answers · asked by Anonymous

real estate taxes; does either state have income tax? sales tax and on what items?

2007-10-21 10:33:49 · 4 answers · asked by SEEJAY 1

So I'm gonna start a job soon. I'm gonna make 7.50 an hour and hoping for at least 20 hours a week. So that's like 150 a week and 300 every two weeks. But how much would I really make with all the taxes included. I also live in CA.

2007-10-21 10:10:23 · 3 answers · asked by bullsrfive 2

has anyone herd rumors about the irs charging back taxes on past or presest ebay sales or purchases? i had herd a rumor.

2007-10-21 08:30:33 · 3 answers · asked by the_law_man81 4