United States - October 2007

I ve had the house for a year now. I dont have enough paid off to apply for an equity loan. I am going through a divorce which has been the main reason why i havent been able to pay the escrow on the property each month in addition to the loans.

2007-10-02 06:47:37 · 10 answers · asked by Anonymous

Is there a law? Is it legal or constitutional? What happens if you don't pay?

2007-10-02 06:17:28 · 8 answers · asked by Anonymous

2007-10-02 05:43:41 · 3 answers · asked by simply_made 4

Okay, my 401(k) plan investment options suck. I want to roll the money into an IRA so I can choose better (lower fee) options.

However, our plan does not offer in-service withdrawals, and I like my job.

Can I arrange a scheme with my employer where I "quit" for a period of time, unpaid, and then I am hired back? If so, can I rollover the funds while I have "quit"?

I am fully vested in my 401(k), and my employer has a written policy in place where employees who are re-hired within four years keep all their seniority benefits like vacation time and 401(k) vesting schedules, so the only thing I would lose would be my paycheck while I am in "quit" status.

If this is legal and works, how long would I have to "quit" for in order to do all the required paperwork? What risks am I incurring by trying this?

-->Adam

2007-10-02 05:04:27 · 4 answers · asked by great_and_mighty_adam_levine 4

My last employer only reported that I made 125.00 a wk. It was 320.00. I'm trying to get unemployment now and I can only get 58.00 a wk. if I qualify. If someone turned him in to irs who would be liable to pay the back taxes?

2007-10-02 04:21:50 · 7 answers · asked by Anonymous

I received a letter from the IRS asking for proof of my 2004 charity deductions. I did not save any of my receipts from that year. What is my best course of action?

2007-10-02 03:16:23 · 2 answers · asked by Moose 1

I was a contractor for 4 months last year, and I was self employed for that period of time.

I frequently worked from home (33%). My employer also provided a place for me to work in their office. ....

Can I still claim home office deduction?

Can I claim for vehicle expenses that I incurred towards commuting to work, going to user groups, trade shows?

I used my personal home computer to connect to the work to do work. and I have bought couple of books towards my business.

I have a sizable income from my contractor work. If I can not take home office or vehicle deduction, I do not have any other expenses.

Please help.

2007-10-02 02:41:36 · 4 answers · asked by Andy_Yahoo 1

And do they right away,get into your bank accounts and stuff or do they wait and see if your gonna pay or not?or should i say how long before they attack your bank accounts?

2007-10-02 02:38:33 · 6 answers · asked by skyfly 1

I am making installments payments with the IRS in 2007 for taxes owed last year. Do I get to claim the taxes paid this year for last year, also what about any interest?

Thank You,

2007-10-02 01:30:29 · 5 answers · asked by Sky Hawk 1

Lets say you have a 1099 and you cant pay all the money at the time you file,do they set up a payment plan or how do you go about that?

2007-10-02 00:48:36 · 5 answers · asked by yeah!!! 3

My soon to be ex husband and I sold our house back in June. Our divorce will be final in Jan - 2008. We made a $30,000 profit from the house. We payed off all of our "together" bills. Then split what was left. Do I have to claim my share on the taxes? Or will we need to do our taxes together as married - but seperate?

2007-10-02 00:21:40 · 5 answers · asked by TUNA_BURGER 1

& I live in the U.S. What are the requirements by the IRS to be able to claim all or part of the bill on my taxes?
Thanks

2007-10-01 22:44:10 · 5 answers · asked by Edward J 3

I know, stupid question but I don't know. If I return my ipod, could I receive my money back in cash?

2007-10-01 22:37:34 · 4 answers · asked by L 3

Can you advice me how to go with this? A few months ago, I received a tax bill from the IRS stating that I owe back taxes for 2003. I used Hewitt Jackson. They must have made a big mistake with my taxes for 2003. They misrepresented my information. now I am stuck with a hefty bill from the IRS. Can someone please advice how I can successfully negotiate this bill with the IRS? I do not seem to have any recourse with the tax filing company. They are totally not responsive. I just felt that SOME of these services are not competent.

2007-10-01 21:39:20 · 3 answers · asked by Olu 1

trying to clear my i.r.s debt don't have the money to pay it becuse i'm disabled now

2007-10-01 20:43:27 · 4 answers · asked by junebuggy20042000 1

I live in Lake county. I'm shocked and unprepared to pay over $11,000. Last year I only paid $7,500 for 2005.

2007-10-01 20:11:58 · 4 answers · asked by Curosity Jones 2

I was a contractor for 4 months last year, and I was self employed for that period of time. I frequently worked from home (33%). My employer also provided a place for me to work in their office. .... Question: Can I still claim home office deduction? Can I claim for vehicle expenses that I incurred towards commuting to work, going to user groups, trade shows? I have a sizable income from my contractor work. If I can not take home office or vehicle deduction, I do not have any other expenses. I used my personal home computer to connect to the work to do work. and I have bought couple of books towards my business. Please help.

2007-10-01 19:58:54 · 3 answers · asked by Andy_Yahoo 1

I work and pay bills so why don't I get a tax check? Do my parents get it instead?

2007-10-01 18:38:55 · 8 answers · asked by Anonymous

I am single, 1 child. I have a parttime job.. that I have recently started in the past couple months. What is the minimum that needs to be earned in order to recieve EIC??

2007-10-01 16:16:02 · 1 answers · asked by tx_homeofhotgurls 2

I live in DuPage County, IL. and they're due about now! What can I do????? I can make payments if they let me? I just can't come up with that big chunk right now! I don't want my name in the paper or to lose my house! :( Help!

2007-10-01 16:14:13 · 4 answers · asked by Annieme71 1

I got my first job and i have no idea about how taxes work
How much do they take off directly from my paycheck including the union fees
and how does federal income tax/return work? What is it??
HELP!

2007-10-01 15:56:27 · 4 answers · asked by hk6732 1

Is there a way to fing at out? Any telephone number or anything....

2007-10-01 15:12:50 · 4 answers · asked by Anonymous

2007-10-01 15:09:27 · 5 answers · asked by JP 1

In Texas an automotive repair shop that sales parts in the repair of a vehicle, not for over the counter sales but only sales items to be used by that repair shop in their day to day services offered to customers ?

2007-10-01 14:32:11 · 9 answers · asked by shamikkan 1

I recently got laid off with my other co-workers and was attempting to file for unemployment in the state of Ca. My question is....Is unemployment insurance the same thing as unemployment?

2007-10-01 13:51:04 · 4 answers · asked by Mischa 2

how much is that per week?
how much is that per month?
(After taxes)
I have 2 dependents I live in Queens, NY, I am head of household, and I work in NYC.
Thanks in advance.

2007-10-01 13:48:44 · 9 answers · asked by shell11435 2

I want to contribute to a Roth IRA to plan for my retirement. But I currently live and work in a foreign country and all of my income is excluded from US taxes per form 2555 and the "foreign earned income exclusion".

According to documents I could find on the IRS website: "any amounts that you exclude from income, such as foreign earned income" is not considered "compensation" and so cannot be counted towards what I can contribute to an IRA.

However, I contacted a tax professional and he commented that: "To my knowledge, there is nothing wrong with optimizing the exclusion to leave enough income to contribute to an IRA. Generally, this is done either by using the dates in the physical presence test to leave a little income".

I would like to know if this is true. Or if anyone has any knowledge about this. Would fudging the dates for the physical presence test be considered lying to the IRS? (and in doing so would I be commiting fraud?)

2007-10-01 13:42:18 · 4 answers · asked by mattorodinku 3

I've never done it but many people I know do. Some claim single and 3 but don't even have kids. What are the pros and cons of this? Is this legal?

2007-10-01 12:32:37 · 7 answers · asked by Lisa 2

i live in Texas, and will be paying about $4000 in federal taxes this year, my wife doesnt work. How much will i get back ?

2007-10-01 11:21:13 · 2 answers · asked by bluebell 1

Hi wmuch social security income can I recieve and where?

2007-10-01 11:15:07 · 6 answers · asked by Anonymous