United States - October 2007

2007-10-10 13:27:31 · 1 answers · asked by Ira S 1

i know some parents that are illegal immigrants who have children in school and are paid in cash. im not sure why theyre paid in cash, maybe because they dont have an id or something, but anyway how will they be able to file taxes if they have no proof of income. also for those who are trying to fill the fafsa, what can they do if their parents are paid in cash. should they put "will not file taxes" what exactly would this do to the ppl applying for the fafsa?

2007-10-10 13:20:47 · 8 answers · asked by ???? 2

HI, I have a situation here : My relatives from overseas asked to buy a luxury car for them here i US and ship it to them, so I did. They deposited money to my US bank account ,then I took that money and bought and shipped that car over seas to my relatives. I did NOT earn any penny on it. When tax time comes what should I do? Thank-you!

2007-10-10 13:09:46 · 4 answers · asked by e-kiss 2

Or do you only have to pay taxes on what you convert to cash? For example, say someone has $5,000 in their e-gold account and uses only $1,000 of it on a debit card. Do they pay taxes on the $5,000 or the $1,000?

2007-10-10 11:47:49 · 2 answers · asked by kfount400 2

My sole income is my retirement of $1800/month in S/S, The IRS is taking out $1100/month leaving me $700 net per month for rent, utilities, etc. I don't own a car or house and have no tangible assets. I have been relying on my S/S check and it's getting very difficult to live. Isn't there a maximum limit they can take out per month. They've been taking the $1100/month for well over a year and I'm starting to hurt. Do I have any choices or options? Thanks.

2007-10-10 11:41:00 · 6 answers · asked by kenilworth209 1

I have heard that both the Federal Reserve and the IRS are private organizations and the IRS serves as a collection agency for the Federal Reserve thus the question.

2007-10-10 11:20:23 · 10 answers · asked by Anonymous

thank you

2007-10-10 11:01:43 · 5 answers · asked by mishmallow8 2

I'm trying to file a 2005 tax return and I can't find where to report my 401K. Any help would be greatly appreciated.

2007-10-10 10:48:59 · 8 answers · asked by roberts.murray@att.net 1

2007-10-10 08:53:13 · 2 answers · asked by micahslittlesister 1

We're moving and have about 4-5 Large Black Bags of Clothing, toys and kitchen stuff... Nothing is broken, stained or really old.

We live about 30mins from Goodwill but there is a location about 2mins from me where i can just drop off stuff and the GoodWill truck will pick up.

My question is.. Is i really worth the 30min drive to get a receipt for a tax deduction? Or should i just drop it off mear my home?

Dont know if this helps but we donated a car this year also.

2007-10-10 08:52:00 · 4 answers · asked by ladyeve983 2

I know that we get allowance for goverment each year on our tax.
But I forget how much is it?
I remember between $12k? if my medical expense isn't over that amount, I couldn't ask for more refund, but if its over it I could ask for more.
But I don't remember the exact amount on the allowance.
Please help!

2007-10-10 07:51:08 · 4 answers · asked by booboobooboobooobooo 3

I bought a home last year, and when I filed my taxes they told me I could not itemize my interest, not sure why, maybe its because I bought my home in april. But anyway is there a certain amount of interest that needs to be paid in order to itemize it? Also can you itemize the interest on a car. And also for charity cost, e.g. church offerings? Let me know

2007-10-10 07:34:37 · 2 answers · asked by Charlie M 1

I filed an extention on my federal taxes for last year. I know the deadline for the extention is coming up soon. What is the deadline? And do they have to have it by that date, or just postmarked by that date?

Thanks!

2007-10-10 07:08:25 · 4 answers · asked by sqeezemypanhandle 1

Where do they get it from to take 5,000 from someone, then all the sudden give it back?

2007-10-10 07:00:46 · 4 answers · asked by denimcap 4

Would it make more sense to move to PA if I can? I would then probably be paying city taxes as well. Anyone who has had this situation or knows of it please help! The commute is not an issue on either one, I just would like to know what would make the most sense

2007-10-10 07:00:19 · 3 answers · asked by KT102 2

I have a small vehicle repair business and go for parts everyday, so i want to use the mileage for income tax purposes. Do i have to write down the starting and ending odometer readings each day???

2007-10-10 05:35:18 · 7 answers · asked by smi_le_y 2

In order to avoid bankruptcy, during a 9 month period of unemployment, It was necessary to take early distribution monthly from 401K for income. Are there any hardship provisions for this type of "forced" early distribution?

2007-10-10 05:31:47 · 5 answers · asked by nikkisdaddyo2000 2

I'm about to turn 24 and I've never filed taxes. (oops)

I've been working as a waitress "forever", and the other times I've worked in other ways, my income was still very low. I've recieved W-2s for most of the jobs I've been at, but never did anything with them, mostly because I'm an idiot where it concerns taxes and had no idea what to do.

I've been abroad as a tourist almost all of this year so I have no income to speak of for 2007. (I know what you're thinking. "She's been abroad for over half a year on a waitresses budget?" but yes. I am staying with a family and minimizing expenses. I'm in Venezuela, not Europe, lol)

Should I file now for all the years? Could I potentially get a refund? Might I owe money? Is there a "tax filing for dummies" book? lol. Help...

2007-10-10 05:22:35 · 5 answers · asked by Lexi St.Laurent 1

2007-10-10 04:23:30 · 4 answers · asked by Julie H 1

He said future retirees should receive smaller Social Security benefits than they have been promised.

Do you think this is fair? I know Americas is in bad shape but, if we get less when we put our taxes in for years just get a pat on the back. How am I, whom is going to get less make my bill payments?

2007-10-10 04:20:01 · 5 answers · asked by Don't Know 5

I filed a state tax return for 2006(in Massachussetts).But the IRS asked for my wifes SSN.Since she dose not have it and can not have it,I did not reply the letter.As a result they did not process my tax return.Can I still do something or I should wait for the next year? Thank you.

2007-10-10 03:55:42 · 3 answers · asked by rajesh 1

If not, why not? Is it because our tax system works on a "graduated" income tax?

2007-10-10 03:22:50 · 17 answers · asked by Bill X 2

2007-10-10 03:04:18 · 5 answers · asked by noidea 1

I have done the Dependent Care FSA with my employer for 3 years now, but it's a huge pain to claim to get my money reimbursed biweekly. How much of a benefit am I actually getting by going through this process? Can't I just claim my up to $5,000 on my tax return at the end of the year and get the same tax break?

2007-10-10 02:01:46 · 4 answers · asked by Brooke T 1

There are ex employees of the IRS stating that they quit and have not paid taxes since as there is no law that states we have to. Any tax lawyers out there that can verify that?

2007-10-09 18:56:29 · 3 answers · asked by Debbie O 2

Before the end of the year, we want to build a well house. The well pump is buried in the property that we bought.

Do you know how it is deductible?

I also have a home-based business

2007-10-09 17:12:34 · 3 answers · asked by Anonymous

Would it be worth it to pay off all medical bills with a credit card before Dec 31st? Would it increase my refund greatly or not enough to make it worth it?

2007-10-09 17:05:08 · 9 answers · asked by gigi_victory 3

is it based on accrued interest or capitalized interest?

2007-10-09 16:24:41 · 2 answers · asked by pupils24 1

I received $15,000 from a sale of land in July. I had planned to make a one time payment with a 3rd quarter voucher. I missed the deadline in September for the 3rd quarterly tax payment. Is it better to pay now (late) or when the 4th payment is due (at the end of the year)? Also, I did not make a 1st or 2nd quarter payment because I didn't know I would be selling the land. Thanks for your help!

2007-10-09 15:29:24 · 3 answers · asked by thamamasboy 1

Hello,

I got my H1B visa this month (I've had the TN visa for a year so far) and my current employer has given back to me the social security and medic aid deductions that have accumulated since they hire me. My employer will also not deduct these things any more.
However, my former employer had been collecting social security and medic aid but have not got that refunded yet.
Is there any way I can apply for the refund?
I still have the pay stubs from my previous employer.

Thank you.
Agustin.

2007-10-09 15:22:20 · 3 answers · asked by Agustin 1