United States - October 2007

I just started working for home writing articles. This is the only income I've made this year. The amount has not yet reached $400 so I haven't had to file any taxes but in the next month or so I should be making at least $1000. When do I need to fill out a 1040ES form and send it in? Also, on the form you are supposed to make an estimated guess as to how much I am going to make this year but the year is almost over. If I fill this out in a week or so do I just calculate what I will make by December 2007? If so, when I do I file another 1040ES form for 2008?

2007-10-31 04:03:46 · 5 answers · asked by Salem 1

2007-10-31 03:47:40 · 5 answers · asked by Yanni D 1

2007-10-31 03:37:10 · 4 answers · asked by Paul 2

I currently work part time as a medical transcriptionist at home. The only expenses I deduct at the end of the year are books and equipment, etc. and also my DSL but can I deduct part of all of my electric and/or phone bills or any other thing like this? Thanks.

2007-10-31 02:59:18 · 10 answers · asked by AngieBaby 3

I'm interested in other folks experiences with handling taxes for their nanny? I know there are payroll and nanny pay and softwares out there that can assist. Or should we try and do this on our own or use a service? Where do we begin if we handle on our own?

2007-10-31 02:27:21 · 5 answers · asked by dam8867 1

I need to change my marriage status and withholding tax for state and federal tax, what form do you need to fill out?

2007-10-31 01:48:14 · 2 answers · asked by telcozuba 3

Please explain to me how to begin the process of filing taxes as a self employed person. I know I have to fill out the 1040ES form but thats it. I'm not even sure how to fill it out. How do I know what my monthly or quarterly payments should be? When should I start making payments?

2007-10-31 01:13:12 · 4 answers · asked by Salem 1

My wife & I married in June. She has a 7y/o son that she claims as dependent. He does not generate his own income and he lives in the houses with us for the entire year.

2007-10-30 23:29:18 · 8 answers · asked by marko 1

I just started working from home and just this week started to get paid. I'm going to be making around $1000 to $1500 a month. I've never been self employed before so I don't understand what I need to do about taxes. How do I send in quarterly or monthly tax payments so I don't get hit with a big tax bill at the end of the year?

2007-10-30 23:17:15 · 4 answers · asked by Salem 1

The cash in bank account is credited for the total amount that is paid by the employer to the epmployees?

2007-10-30 22:07:46 · 2 answers · asked by luckyplaya23 2

When a business transfers money from its regular checking account to teh payroll checking account, the check is written for the amount of gross earnings?

hmm...

2007-10-30 22:06:42 · 2 answers · asked by luckyplaya23 2

Amounts witheld from gross earnings and held by the employer until the time of payment are assets of the business?

true or false? i have no idea.

2007-10-30 22:05:10 · 1 answers · asked by luckyplaya23 2

I was in a car accident and the medical bill costs $6,000. It was not my fault. My car was total wreck. Do I pay all the medical expenses and claim a tax deduction ? I am a student and don't have any job. I don't have any health insurance and the school does not have student health insurance. I talked to an attorney and the attorney said I will ultimately be responsible to pay for all the medical expenses on my own.

Can I ask for a reduced medical expense from the hospital and get a tax deduction on the following year when I find a job ?

I live in southern California.

Thanks for your help

2007-10-30 21:52:25 · 6 answers · asked by Bobb 1

Is there such a tax? if yes, in what case should it be applied to the employees? And what is the percent? I heard it is 12% is this true?

Thanks so much!

2007-10-30 20:59:39 · 5 answers · asked by catennacio 2

does anyone know if h&r block is doing the advance loan with your paycheck stub this year

2007-10-30 20:15:54 · 3 answers · asked by Anonymous

Does anyone know if H & R block is going to offer than loan program this year? They offered it last year...they let you take out a loan and ti gets deducted from your income tax return.

2007-10-30 16:21:07 · 4 answers · asked by Anonymous

I own some shares of a mutual fund. Will I be taxed in the coming years on the capital gains and dividends, even if I reinvest them and do not sell any shares?

2007-10-30 15:04:09 · 7 answers · asked by Anonymous

And what state are you from? Is it related?

2007-10-30 14:06:43 · 11 answers · asked by Laura F 1

I'm flipping a house. I own a primary rresidence. I stand to make 60K on the sale, not including repairs, settlements, etc. Can I deduct repairs from the profit of the house? Is there any way to reduce the capital gains tax?

2007-10-30 14:00:27 · 6 answers · asked by Rote 2

how long does it take to get your paycheck is it 2 or 4 weeks.......how much do they take out of your paycheck because of taxes. thanks:)

2007-10-30 13:19:13 · 2 answers · asked by Anonymous

2007-10-30 12:36:49 · 8 answers · asked by kyda3509 1

2007-10-30 12:34:46 · 2 answers · asked by chris c 1

so i bought a house in june.. now i get this property tax bill for $5,000... im not sure but werent those suppose to be paid in the closing costs??

p.s
i cant find the HUD-1


please help

2007-10-30 12:24:42 · 7 answers · asked by Foreign Girl 2

Is the award taxable? What do we claim it as? The lawyer received 50 percent of the settlement. Can I claim the lawyer's fee? Thank you!!

2007-10-30 12:23:57 · 5 answers · asked by 2cute 2

2007-10-30 12:09:29 · 3 answers · asked by iscotz 1

2007-10-30 11:05:58 · 13 answers · asked by gonecamping33 1

i had a job well three one job they didnt take any taxes out of my check at all but i have to pay at the end of the year! my question is if they dont take taxes out does the unemployement know about that job? the reason im asking is because i recently applied for unemployment and i put the two jobs that i am no longer working at down and they are only going to pay for one of the jobs and they didnt even mention the other! please answer if you understand what i am asking!

2007-10-30 10:56:35 · 6 answers · asked by notyochic 6

how do i figure out my tax-bracket for short-term capital gains tax?

2007-10-30 09:33:57 · 5 answers · asked by Anonymous

2007-10-30 08:13:12 · 2 answers · asked by maria elizabeth 1

Is there any benefit to having one over the other? Does one get you more money?

2007-10-30 07:27:58 · 6 answers · asked by Yoni 1