United States - October 2007

2007-10-14 14:10:20 · 9 answers · asked by magnanimous 1

Tax return is ready for joint-filing. Should I just sign and send it w/o her signature? redo filing as single-head of household? Any other option? Thanks.

2007-10-14 13:27:17 · 8 answers · asked by Alejandro O 1

My fiance and I would like to save approximately $40,000 - $50,000 in the next two years to buy our first home and have a financial cushion. We will be placing the money in a savings account. Will we have to pay taxes on this money? If so how much & how is it determined? I know for things such as financial aid and filing income tax returns they always ask how much do you have saved. Why? Can I be disqualified for financial aid because of the savings even though its for a home?

2007-10-14 13:16:29 · 6 answers · asked by Anonymous

2007-10-14 13:06:01 · 3 answers · asked by cindy10040@sbcglobal.net 1

should i take some kind of course like the one h&r block offfers or what . thanks.

2007-10-14 12:50:12 · 4 answers · asked by DARK WOLF 2

If I do not have to file how many years can I go without filing as long as taxes are owed back to me?

2007-10-14 12:37:24 · 5 answers · asked by Anonymous

2007-10-14 10:56:34 · 4 answers · asked by d.dmel9008 1

1. I bought items (my solo LLC business did actually) to lease to a another business
2. I went into debt to buy these
3. The business never paid me rent
4. The business still has the items; they never went officially out of business but they are not doing business
5. I had to pay for these items and they are all paid off in 2006 after paying on them for about 2 years
6. I use cash accounting
7. My business went out of business in 2006
8. I consider the debt uncollectibel and cannot recover the property which is in the former lessee business owner's possession. I do not know where they are.

Can I file a business loss for my (late filing under an extension) business? I know this is cash method BUT I had these items essentially taken from me without payment and I'm out a bundle/

2007-10-14 09:24:35 · 2 answers · asked by geocache22 2

We came into some financial trouble this year when I lost my job so my boyfriend filed "exempt" on his taxes so that we could pay our bills--because they were taking out SO much money. Now it's 4 months later...and I'm worried that he will owe. How do I find out if we are going to owe money, and how do I calculate how MUCH we will owe? And will we still be able to get our child tax credits? Ugh I'm worried...Any advice anyone? Anyone know how all this works?

2007-10-14 08:11:26 · 5 answers · asked by tracy 1

How are people doing this? What kind of money ar they getting, like a couple hundred or thousands? Wont they go to jail? How are they doing it?

2007-10-14 07:45:05 · 6 answers · asked by ? 3

My friend went like 7 years without filing taxes. How would she go about getting that straightend out? can she file all those lost years, or is there only so many years she can go back. she says she doesnt owe anything, its all about the money owed to her. but she has people who garnish her check and therefore she probably wouldnt get the money. but i figured id try to help her cause at least her bills would go down if they were to garnish her taxes.
Please help me to be able to give her more solid advise and if i was to help her - what would i do first?

2007-10-14 05:53:55 · 7 answers · asked by confussed 2

I am 15 years old and have $6,000 that I have earned for working through a website. Once I submit a W-9 form, I will be recieving the $6,000 in one check. The website will not be taking out taxes, social security, etc. How do I go about taxes, and what will happen if I deposit the check and just don't do the taxes? I am completely new to taxes and tax returns and all that so please answer in simple terms!

2007-10-14 05:43:58 · 3 answers · asked by Anonymous

2007-10-14 04:09:28 · 6 answers · asked by ricardohigherlevel 1

For example, if I move and pay my friends $100 each to help me load the moving van, obviously no one is going to declare that as taxable income. The high-school kid who mows my lawn every couple of weeks surely does not declare what I pay him.

So when does declaration of income become necessary?

2007-10-14 03:36:53 · 10 answers · asked by Wondering 2

my aunt is concerned about taxes as she is 66 and is receving social security and now has a job making 200.00 a week.
Any answers on this one?

2007-10-14 03:29:39 · 7 answers · asked by cb 2

2007-10-14 00:36:09 · 14 answers · asked by Lisa Holler 2

increase, stay the same, or be lower?

2007-10-13 22:47:17 · 5 answers · asked by Anonymous

I am thinking about doing this because we are in a bind. Do you have to wait til December to be able to do this, or could we do it now with our last paycheck stub? I know the fees are steep, but we really need the money.

2007-10-13 19:36:31 · 2 answers · asked by Anonymous

It pays min wage plus .15 per mile. The company furnishes a gas card for gas. It will be about 4 hours per day and around 200 miles per day. Since the company is paying for the gas I assume that I am not entitled to deduct the entire 48 cents on my income tax return? What would I be able to deduct?

2007-10-13 19:03:43 · 11 answers · asked by Gary E 2

My husband works as a contractor and is paid cash by his employer. If his boss doesn't give him a 1099 form can he get one himself? If so how? I am sure he will have to file so he don't get into trouble with the IRS.

2007-10-13 16:55:33 · 7 answers · asked by Anonymous

2007-10-13 15:51:57 · 5 answers · asked by richard r 1

I have a laptop that is about to bite the dust. I use the laptop for %50 work %50 myself. I travel a lot with work so I am using it for e-mail and production. I work for a radio station so I edit shows and sound clips on the laptop.

Am I able to write any of this off on my taxes?

If so is there a limit on what i can/cant deduct?

2007-10-13 13:38:41 · 11 answers · asked by Charles 1

2007-10-13 11:55:50 · 2 answers · asked by mrscda 1

I'm in TN and I'm in a low income bracket, being paid 9.16/hour FT. I'm trying to budget out my monthly expenses--I have NOT recieved a paycheck yet so I can't just look. Does anyone know??

2007-10-13 10:31:29 · 7 answers · asked by belle 5

2007-10-13 08:55:01 · 1 answers · asked by Rossana J 1

I live in Pa. and I was told that the tax on two cartons of cigs was 5.18. Is this considered a sales tax or state tax. Are there any states that don't charge any tax at all on cigs. How much does a carton cost in the states that have no tax?

2007-10-13 08:48:34 · 5 answers · asked by kittysrus1 1

for example, i sell a stock and make profit on it, will the taxes bededucted right away when the profit is deposited in the account or i will have to pay taxes when i cash out the money? or if not these situations, then when do i pay taxes?

2007-10-13 07:12:59 · 10 answers · asked by Anonymous

I Am Single No Kids. Have 1 Part Time Job As Of Now And Go To School. No One Can Claim Me As A Dependent. What Should I Claim 0 1 Or 2 And Please Explain Why.

2007-10-13 06:30:08 · 9 answers · asked by Anonymous

Hello,

I am trying to enroll in my benifits for a job that I was newly hired for. I am adding my dependents and then it asks me the relation ship. On the drop down menu the options were taxable child and non-taxable child. What does that mean? There is no explanation of the options. Any ideas? Our benifits cover your children up to age 25. I have a 9 and 13-year-old. Is it asking if your children pay taxes?

2007-10-13 06:02:01 · 7 answers · asked by Kristy 2

I purchased some large ticket items in Washington (8.6% sales tax) this year and I'd like to deduct them through the sales tax deduction. However, now that I took a job in Idaho, am I going to be better off taking the Idaho state income tax deduction on my Federal return? Am I right in believing that I can't do both?

2007-10-13 04:23:11 · 3 answers · asked by Scooter 1