United States - October 2007

I can't find records of how much I paid in estimated taxes. Is there a way to find out what they have received at IRS?

2007-10-21 07:48:25 · 5 answers · asked by Mark C 1

I just got a new job making $50,000. I'm jumping into a new income bracket. I dont know what I should claim on taxes so I dont have to pay at the end of the year. I'm single, no dependents, I rent dont own. Any advice?

2007-10-21 06:05:29 · 8 answers · asked by TLA 1

2007-10-21 05:15:42 · 6 answers · asked by Jessie 1

I have some unusual income this year and will have a big tax liablity. My current car is about to give out so I may want to replace it. can i get a tax deduction for my donation? Is it worth it?

2007-10-21 03:10:38 · 10 answers · asked by DEB1267 2

I am trying to sell my trailer and have a buyer but have not seen any money yet, they said they want the deed in order to put it in their name but to put a leen on my trailer. I have no idea what it is or what to do.

2007-10-21 01:13:07 · 9 answers · asked by Robin W 1

I don't really know much about tax returns and why we have to file them. haha. I'm a student and this year i worked part time for about 7 months. I didn't work much and i think i made only about $2,000. A little info about this would help. thanks!

2007-10-20 22:05:42 · 3 answers · asked by jackSprckk 3

We come up with vehicles that run on alternative fuels such as hydrogen fuel cells?

Currently we pay for our highway improvements through gas taxes that we all pay as we purchase fuel at the pump.

I saw a GM commercial advertising a hydrogen fuel cell vehicle when it dawned on me that if we convert to alternative fuels that run longer or do not need to be fueled as often we will have,
A: Less revenue recieved to maintain our roads through taxation on fuels
B: No way of making up that lost revenue on alternative fuel sales
C: and Just as many vehicles causing wear and tear on the roads we drive on.

How do you propose we could make up the lost revenues?

2007-10-20 19:37:32 · 3 answers · asked by notmuchanextrovert 2

Does the benefit of a tax-deferred investment account (like a regular IRA or 401(k) plan) come entirely from the possibility that I may be in a lower tax bracket in retirement?

I think I understand the mechanics of these accounts: If I take my money and save it in a normal taxable account, I pay tax now at my current tax rate, then I pay tax on the income at my normal tax rate, and I pay tax on the capital gains at the capital gains tax rate, which is normally lower than my tax rate.

If I put my money in a tax-deferred account, I pay no taxes on the contributed amount or the income till I retire; then I pay tax on the full amount withdrawn at my post-retirement tax rate. (And I lose the benefit of the lower capital gains rate.)

If someone's pre- and post-retirement tax rates are the same, is there any benefit to a tax-deferred account?

(The 28% Fed. tax bracket extends from $77K to $160K, so it's not hard for someone to be in the same bracket pre- and post-retirement.)

2007-10-20 18:56:42 · 5 answers · asked by Erik 2

I attended a college about five years ago and paid a substantial amount because I was an out-of-state student. I just found out this year that I can receive money back on my federal taxes. Is five years to long to file or is it a lost cause?

2007-10-20 18:19:56 · 5 answers · asked by Ross W 1

2007-10-20 16:08:52 · 6 answers · asked by Anonymous

all the money they take from yor paycheck's do u ever get that back?

2007-10-20 15:10:13 · 11 answers · asked by Anonymous

I am a contracted employee required to take 40 hours of computer-related continuous education annually. However, my employer will not cover the expense, nor provide the training. Is this common practice, or even lawful?

2007-10-20 14:49:31 · 5 answers · asked by Jordan S 1

I am a contracted employee required to take 40 hours of computer-related continuous education annually. However, my employer will not cover the expense, nor provide the training. Is this common practice, or even lawful?

2007-10-20 14:46:03 · 3 answers · asked by Jordan S 1

I would very much prefer the $25K to go to a specific charity (in a form of a tax-deductible donation) rather than to vanish in the bottomless pocket of the IRS. Any idea if this would be possible? PLEASE DO ME A FAVOR AND ANSWER ONLY IF YOU KNOW. DO NOT GUESS.

2007-10-20 13:20:03 · 8 answers · asked by Anonymous

do you have to take out taxes
or can you just say you deal with the taxes?
just woundering how this works ?

2007-10-20 11:04:23 · 8 answers · asked by cher 5

If so why won't the IRS show us the law that requires us to pay income taxes? i mean i know the 16th Amendment but it was never ratified.

2007-10-20 09:20:17 · 11 answers · asked by Anonymous

The job needs to be easy,located in Hiawassee,Georgia,and easy on his back(he has degenerative disk disease).Help!(he dosen't want a full time commitment job,just one that will last a few days off and on .

2007-10-20 08:24:29 · 3 answers · asked by Holly G 1

I'm doing some investment forecasting and I'd like to know what rates I should use for someone in what is described as the "highest tax bracket"?

I need the 3 USA federal rates for ordinary income, capital gains, and cost recovery.

2007-10-20 07:41:35 · 1 answers · asked by Patrick 1

My 16 y/o son, who is a fulltime student and I support 100% financially (lives with me) and materially, works parttime (less than 15 hours a week) at minimum wage since July of this year. I have been claiming him on my returns since birth so I don't have to worry about anyone else claiming him...and I am a single mother so I file the EIC as well. My questions are, how would I go about claiming him this year and what do I do with his W-2 (his YTD income/wage)? Do I need to fill out another form? Filling out my returns have been very simple as I do not owe/own anything. I usually file taxes online for free.

Thank you for your time :).

2007-10-20 07:31:52 · 7 answers · asked by Anonymous

Do You Have To Pay Taxes In The State Of Florida I Don't Think You Have To Cause Of Tourists And Toll Roads But I Wanted To Make Sure

2007-10-20 06:43:09 · 5 answers · asked by MidnightStar Sparks 3

2007-10-20 05:14:26 · 1 answers · asked by temrocks1 1

Do I only get taxed if I make profit?

2007-10-20 04:58:00 · 3 answers · asked by Anonymous

they finished my amended return. if they send off the check on a friday would I get in on a saturday?

2007-10-20 04:35:34 · 5 answers · asked by Anonymous

My brother-in-law owns a small business. He lacked some cash flow and I gave him $120,000 in Jan 1, 2007. He considered me as an investor and I have been receiving a dividend ($2,500) each month as per an official special legal agreement. A few days ago, I was surprised to hear him saying that I should expect 1099-MIS to file next year. Now he considers me as an independent contractor. I never did any work for him or anything at all. I need some advice people. Is this a legal tactic on his part? Why is doing this now? How can I challenge him? What are my rights and obligations? What tax form should I really file in this case? Please help! Thank you so much.

2007-10-20 04:02:16 · 7 answers · asked by Mr. J 4

Let me elaborate. It's true that gambling winnings are reported by casinos to the IRS. If you do not report these winnings, the IRS will come after you for them if the amount is at all significant.

But ... you can claim gambling losses to offset your winnings.
Say you win 20,000 playing poker. You put the 20,000 on your return as gambling income. On a separate line in the return you claim 20,000 in gambling losses. The IRS will not question your losses up to the amount of your winnings. True or false? That's what I heard anyway. Can someone confirm?

2007-10-20 03:59:04 · 9 answers · asked by alfie 2

a friend of mine wanted to get his property and home appraised so he could get it better insurance coverance, the county acessor came out and apraised it. tax is $700 more now, and insurance coverage is no better his insurance agent told him to get it apraised and all he got is a bigger property tax, he has 90 days to appeal that tax he wanted it appraised by them he didn't know this is how it would turn out any sugessions how to get the tax back down

2007-10-19 23:46:44 · 4 answers · asked by flipper 2

Hi Guys,

I'm a 30y/o career changer to accounting and have recently been offered an internship in corporate tax. The problem is that I have only 2 days to accept but I have 2nd round interviews with Public Accounting firms in the next week, one a big 4.

I truly want my CPA and the public accounting experience but what are the chances of getting an offer from a 2nd round interview. This position is on the table and I'm not opposed to a taxation internship that will probably lead to a full time offer.

What are your thoughts... Should I gamble on the 2nd round interviews or accept the corp tax internship?

2007-10-19 21:12:13 · 2 answers · asked by keepitmovin 1

uhhh im new at this. I need to fill out my financial aid application soon and these are some of the things i need to know. What exactly is an IRS income tax return and is it required that you fill one out? I live with my parents and only one of them works if that helps.

2007-10-19 20:47:35 · 4 answers · asked by jackSprckk 3

Suppose I retire and start collecting Social Security benefits, but I also work part time and earn income. Ignoring any income taxes taken out of my pay, does Uncle Sam also still take social security tax from my wages even though I am now a beneficiary of the system?
TIA

2007-10-19 20:04:28 · 14 answers · asked by rvirzi2000 1

Because I don't want my low pay check being gobbled up by greedy politicians.

2007-10-19 18:03:03 · 3 answers · asked by Live Laugh Love 6