United States - October 2007

How come I have to pay taxes on my small business but these smucks that come over here that start a business do not have to pay taxes for 7 YEARS, yeas that right 7 years they do not have to pay taxes....and then after those 7 years are up they switch the business over to there childrens or cousins name and they dont have to pay for 7 more years...what the phuck is up with that?????

2007-10-17 10:43:03 · 7 answers · asked by Anonymous

2007-10-17 10:40:04 · 3 answers · asked by Michael 1

I saved all of my receipts from credit card purchases, and was wondering if I could write it off for tax returns? I am a college student, currently without a job...I worked for about 6 months this year, though...

2007-10-17 10:18:34 · 4 answers · asked by puffer fish 5

I have been all over the IRS website and I can not find how much more one would receive if they were to get married and claim his wife as a dependent for the whole year of 2007 since she did not work at all? Its it a percentage? Is it flat amount? Is it based on husbands pay? Any one with the best info to help me out?? Thank you but please don't say look up the website of IRS..I have been on it for an hour and can't find any infomormation...OOh and chart if possible of what amount each deductable is would be great as well. Thanks again!

2007-10-17 10:08:04 · 3 answers · asked by Anonymous

2007-10-17 09:57:14 · 2 answers · asked by Chris G 1

2007-10-17 09:44:23 · 3 answers · asked by a b 1

My mother passed away in May 2004. She left the house in a trust to be sold when her husband moved out. He moved this summer, the house sold, and I will get about $15K from the sale.
Is that $15K taxable to me? If so, should someone be sending me a 1099? Who would send it to me, the closing company, title company???

2007-10-17 09:21:14 · 2 answers · asked by Anonymous

I lost my US residency.When I reach age 70 I will have been out of the USA for 15 years.The bulk of my IRA will be from capital gains.Will the IRS tax me?

2007-10-17 08:56:26 · 1 answers · asked by graeme c 1

2007-10-17 08:33:00 · 2 answers · asked by sswweetdreamzz 1

I wanted to start my own consulting business, but it never happened, so there has been not activity in regards to the company nor the bank account of the LLC I created. I also have not filed any tax forms since the creation of the LLC. Em I in trouble?

2007-10-17 08:23:49 · 2 answers · asked by Luis R 2

2007-10-17 08:17:48 · 1 answers · asked by kevin 1

"Ohio currently receives about 600 million dollars annually from cigarette taxes. If smoking is restricted and fewer cigarettes are purchased, the legislature will need to compensate for the loss of revenue."

2007-10-17 08:03:51 · 3 answers · asked by Anonymous

so im 20, and my sister is 17 and will be 18 October 24, she has lived with me for the last year and a half, she works almost full time, and she is a high school student, would it be possible for me to claim her on my taxes and would i need some sort of proof she lives with me? she doesnt get any mail, and her license and school have our grandmothers address (thats where she lived before she moved in with me) if you have any advise or info please help! i dont know anything about this stuff!!

2007-10-17 07:52:21 · 3 answers · asked by *iN LoVe* 2

Do you pay taxes on it? My mom who is 80 says no...Thanks

2007-10-17 07:52:20 · 8 answers · asked by brennastarr24 2

I am doing IVF in Jan, but can pay for it in Dec. I know that once I hit 7.5% I can deduct that from my taxes (which we are doing itemized) I have about 20% of my income going towards this, so my question is. Should I deduct it from this years taxes, pay for it in Jan and deduct it next year, or pay 1/2 in Dec. and 1/2 in Jan. so I can deduct it both years?????

2007-10-17 07:33:06 · 4 answers · asked by Sara P 1

a. federal government
b. state government (California),
please?
Thank you; your time and assistance is most appreciated! Ciao!

2007-10-17 07:26:51 · 4 answers · asked by James 2

If we do, then we're screwed because 2003 was the one year we had a 401k distribution, and unemployment compensation. So the NOL basically gets "soaked up" that year. All other years (2004, 2005.....) were normal income years where we paid a substantial amount of tax. What to do?

2007-10-17 07:11:09 · 2 answers · asked by cheri_adele 2

I know that the IRS is supposed to implement and enforce all tax laws and regulations, but who actually decides what the rate is in the first place? Is it the treasury? Is it a person or just an entity? Does he/she have a name or just go by a title? Also, is it different for different taxes (i.e. income tax vs property tax)?

2007-10-17 06:09:02 · 6 answers · asked by rexiemercada1984 1

2007-10-17 06:05:27 · 2 answers · asked by Anonymous

o.k I was supposed to pay in april but I forgot about it! they send me a note/letter in august asking me to pay - so they gave me until October the 20th, but I still don't have the money! Can I call them to make an arrangement to pay?like montly payments

2007-10-17 05:59:27 · 6 answers · asked by Not of This World Returns 3

I though it had taxes all figured out, but then i read an answer here about a 48% tax bracket. I thought the last tax bracket is 35%?! So does it just keep going going?

2007-10-17 05:58:35 · 3 answers · asked by Anonymous

2007-10-17 05:57:13 · 10 answers · asked by LadyClare 2

2007-10-17 05:01:27 · 16 answers · asked by Anonymous

2007-10-17 04:27:34 · 3 answers · asked by Gary 2

Let me explain the question further>
You are named in a will from someone who does not know you and left money. How they got your name is irrelavent. Is it a legal and binding document? Does it have to be in the same state? Country?

2007-10-17 04:22:37 · 3 answers · asked by Jimmy S 1

2007-10-17 03:20:02 · 17 answers · asked by Ziggy 1

2007-10-17 03:14:01 · 12 answers · asked by Anonymous

Also...what money do you get back at the end of the year..federal??? Ughh....need some advice.

2007-10-17 03:10:49 · 8 answers · asked by Clearwater 2

Why do they tax my investments and how can I save money?

2007-10-16 23:44:03 · 4 answers · asked by Anonymous

I wanted to know how much the tax is or at least what taxes you pay in th USA. Do you pay income tax local government tax, car tax, duty tax, tax on goods.
Here in the UK its about 20% on tax and then 100 pounds on council tax and 17.5% VAT and then car tax
Is it really as good in the US as they make out??
Id be married with 3 children

2007-10-16 22:53:41 · 3 answers · asked by ladyxxmacbeth 3