United States - October 2007

2007-10-01 10:50:44 · 4 answers · asked by Anonymous

4 siblings inherited a house (trust). Now one sibling is buying the rest out with a loan. Do the siblings that are receiving a lump payment for their portion of the house have to pay taxes on this amount? What type of taxes? What can they do to prevent from having to pay that many taxes (reinvest within 30 days). Only serious answers please. Thanks in advance.

P.S. I don't think capitol gains is an issue, because the mother just died, and there was no increase in value of the house since she died, and now.

2007-10-01 10:05:39 · 4 answers · asked by Anonymous

I worked for two weeks at a grocery store and received a tax form in Jan. 2007. I never did any taxes. I just found out that I should have did some type of form. What will happen now if I go and file them?

2007-10-01 09:43:43 · 2 answers · asked by r0ckch1c4lyfe 1

Our Tax withheld is more than $6000, weather we could take child tax credit or any deducation. Please provide me other method so we save max. tax. Only my wife(citizen of U.S) has 401(k) plan. I'm U.S (green card holder) resident.

2007-10-01 09:21:54 · 3 answers · asked by Avi 1

Our Tax withheld is more than $6000, weather we could take chiold tax credit or any deducation. Please provide me other method so we save max. tax. Only my wife(citizen of U.S) has 401(k) plan. I'm U.S (green card holder) resident.

2007-10-01 09:20:36 · 1 answers · asked by Avi 1

i have two kids and i pay a house note,also pay my taxs from the state each year.

2007-10-01 09:08:56 · 1 answers · asked by jamaica t 1

If both spouses have asked for loans , does it make any difference to make a deduction if one or both are working after they graduate ?

2007-10-01 09:02:09 · 4 answers · asked by Nolita 1

I almost ordered a stroller on babysrus.com and the tax was never calculated. I didn't do the last step of the ordering process, so maybe it was to be calculated at the end.

Is there tax on strollers? And what is the sales tax in NJ? 6 or 7%? This makes me sound so unintellegent.....I'm sorry! I'm trying to figure out how much my friends owe me if I order it and we split the price!

2007-10-01 08:59:06 · 2 answers · asked by Level Headed, I hope 5

How would I go about retrieving my tax forms? I've filled them out and filed them, and made copies of them, but I can't find the copies. I need copies of the forms for student aid. Is there a place online I can retrieve the forms I already filled out? I'm not talking about the W-2 I have that still.

2007-10-01 08:07:57 · 5 answers · asked by Seeing you I loose myself 2

Do taxes have to be paid on contest winnings? If a person wins a writing contest, is the money received for the work considered earnings? If money is won from from a contest where no work was involved (no writing, painting, or whatever, they just entered and won), how is that to be reported on tax forms?

2007-10-01 07:42:26 · 5 answers · asked by maraso 2

I am requesting money from businesses to front me money to participate (i.e. entry fees to compete) in sporting events. Do I have to report this money as income and therefore pay taxes on it? Is there a maximum I can receive?

2007-10-01 07:27:20 · 4 answers · asked by Ben S 2

I have an online business but I didnt made any profit on it. I made a sale of 600$ all of them are sold to out of state customer? Do I have to pay state sales tax?

2007-10-01 06:52:27 · 4 answers · asked by Aldrin G 2

2007-10-01 06:03:39 · 1 answers · asked by Anonymous

I just dont want to incure interest & past due charges to make up for the marriage penalty. Do you think they'll hit me with some back charges for that?

2007-10-01 06:00:16 · 8 answers · asked by Kevo 1

Maybe the question is kind of confusing, here are the specifics.

I'm gonna make $115k this year. This puts me just barely above the limit for being able to contribute to a Roth IRA. I love to save money, and I love putting money into the Roth.

BUT, I became eligible to contribute to a 403(b) this year. I can put away up to $15,500.

If I put the full amount into my 403(b), would my gross adjusted income then fall to $99,500, making me eligible to put the full $4k into a Roth IRA?

2007-10-01 05:00:06 · 3 answers · asked by Tom C 1

is there any way to get a new social securtiy number or block someone from claiming you, i have lived on my own for two years now and my mom claimed me last year and i ended up having to pay in! any advise on what to do??? i already know she is going to try to claim me again, and its not fair because she tells them i live with her and she pays for everything and its not true!!! i live on my own and i work and pay for EVERYTHING MYSELF! HELP! please and thank you in advance!!!

2007-10-01 04:33:32 · 5 answers · asked by *iN LoVe* 2

I have stayed home this year to go back to school. I worked last year and got the EIC. I am married. Do I need to go back to work to be able to get a larger EIC? Does it matter on if both parents work or just on the income of the family? There are 5 kids...I usually claim 2 and my husband claims the other 3. We file jointly. Does it make a difference if I work or do not work??

2007-10-01 04:29:48 · 3 answers · asked by ladyluckinor 2

2007-10-01 03:54:43 · 16 answers · asked by John L 1

I have been working at Seven Elven.
The wage is $5 per hour. I think this is illeagal.
What do you think about it ??
How much is the wage in your city?

2007-10-01 02:48:38 · 14 answers · asked by Anonymous

2007-10-01 02:41:32 · 3 answers · asked by LiStEN<<<Is Retired!! 4

It is currently 46% over $2 million, and in 2009 will be 45% over $3.5 million.

Also, does anyone expect a rash of suicides of rich, elderly people in 2010?

2007-10-01 01:34:29 · 7 answers · asked by Anonymous

hi there, i am a 16yr old and recently got me a job at a burger king, i was so happy and worked alot, then this week i got my first paycheck! WOHOOO, but one problem , it says on it total pay $152, but with a $24 tax my net total comes out to be $128, isnt that a bit too much tax? i mean $24 is alot for a 16yr old, and if i keep on getting this tax can i file a return and how much of the original $24 will i get back? thanx for looking

p.s. it says on the agencies that cahrged tax,
it says FED, STNY, LNYR, DINY, FSOC, and FMED

2007-10-01 01:30:33 · 6 answers · asked by usman k 1

I just moved to south carolina and was hired as a sub contractor. How much is a safe amount to hold out of each check to be sure I have enough to pay my taxes?? I currently rent, am married and have 3 children.

2007-10-01 01:13:26 · 3 answers · asked by Redesign Diva 1

We've been together for 5 yrs, but he has fed student loans that are being garnished, I have 3 kids, own the house, both our names are on the vehicles and at the end of the yr, I get a decent tax return that we practically live off of, we just want to make sure we can get married and not jeopardize that, or worse they use my assets to settle his debt. Also, I don't want to lose that tax $$$

2007-10-01 00:21:23 · 5 answers · asked by Denise 1