United States - October 2007

which items do you add or subtract towards the Cost og goods sold: interest, dividends, depreciation, change in retained earnings

thanks in advance

2007-10-27 14:08:15 · 2 answers · asked by imdubdabass 2

I have been freelancing design work from my home all year. I was working another full time job up until 2 months ago, when I started freelancing full-time. I haven't set anything aside for taxes and I'm worried that it might be a lot. So far this year, I have made a little over $4,000 with my freelance work. How can I estimate what I will owe? I don't have a business license, does that change anything?

2007-10-27 13:07:00 · 4 answers · asked by . 2

Certain states allow this tax break ... KENTUCKY doesnt

2007-10-27 12:30:50 · 3 answers · asked by Dark 1

My mom sent a disk of "The Price is Right", and one of the contestants had the possibility of winning 3 cars; one worth 14K, one worth 19K and one worth 23K. When asked what she would do with three cars, she said she would give one to her mother, one to her sister,and she would keep one. Assuming all are in a 20% tax bracket, who pays what taxes?

2007-10-27 11:28:08 · 3 answers · asked by ciamalo 3

Is the earned income credit fair? Doesn't it reward taxpayers that only work on a part-time basis? What might be a better solution?

2007-10-27 10:55:15 · 8 answers · asked by CD 1

I owe taxes from 2006 to federal and state. I didn't have the money to pay them.

2007-10-27 10:49:57 · 7 answers · asked by Rod M 1

2007-10-27 10:24:33 · 11 answers · asked by Taqueta W 1

I am so tired of hearing how they get tax breaks. Yesturday I read how they do not have to pay sell taxes, or income tax for 8 years. It stated how this is the way most foreigners came up with the money to open a business. How about busting their butts off working 24/7 to make a living and saving -saving-saving. Wish I had the same drive, but me I love to shop! What is your thought on this matter?

2007-10-27 10:24:09 · 4 answers · asked by ticonderoga1186 4

I'm single 3 kids but with the father of kids. I haven't worked at all this year. Would we get more back if we got married this year or does it not make that big of difference and wait till our planned date in 2008?

2007-10-27 09:54:45 · 7 answers · asked by brook6868 1

I'm trying to figure out the numbers on a couple of job offers that I have. One offers a nice relocation lump sum, "minus applicable taxes." What does that mean - taxes that I have to pay? Should i figure that I won't see the entire lump sum? What is the tax rate for relocation bonuses? I just want to make sure that I make a smart decision, and don't end up in the hole over moving expenses - I think that I'll need every last penny of the amount they offered.

2007-10-27 08:19:23 · 3 answers · asked by Michelle 1

2007-10-27 08:06:29 · 2 answers · asked by Anonymous

2007-10-27 08:00:48 · 2 answers · asked by Anonymous

two years of having been on social security disibilty and pay it all back that a lot of money. what you think?

2007-10-27 06:10:29 · 9 answers · asked by Anonymous

Robert age 46 and Susan age 52 are married. Their daughters, Irene, 19 yrs of age anf Amy, 17 yrs of age lived the entire yr with them and received more than 50% support from parents. 1. Is their filing status MFJ? 2. How many Personal and dependent exemptions allowable for 2006? Robert's wages were $45,000; Susan's were $51,500. Irene's gross income was $5,000. Amy's was $0. Are the parent's entitled to an EITC?

2007-10-27 04:49:13 · 5 answers · asked by Mcgruff 1

I sold a rental property for 95k bought it for 55k. I have another rental property that I still owe 30k. Can I take the profit from the sold property and pay off the rental and not pay taxes on that 30k. Also can I take the 10k left over and pay on my residence to avoid paying taxes on that.

2007-10-27 04:32:24 · 7 answers · asked by KT58 1

I always hear that if you win a million dollars you only get about half that.

WTF, why is it so high, half my check wont go to the govt, it should be the exact same principal, all income you make should be taxed on the same scale.

2007-10-27 04:28:38 · 11 answers · asked by Anonymous

Okay, From what ive heard, if you OWN something...JUST OWNING IT.

You still have to pay tax. Like a car or a house,

You own it, you already paid tax on it when you bought it, this seems so illogical and injust.

is this true, wtf.

Now, I know MOST things the government does can be explained with atleast a small amout of logic behind it.

I win the lottery and get a lump sum, I pay ALL the income tax on it (How is it 50%) That should be it, I should never have to deal with the govt again if I quit my job and just live off my money, I don't earn anymore money, so why should I have to pay tax. (Except for sales tax)

2007-10-27 04:26:42 · 7 answers · asked by Anonymous

2007-10-27 04:23:42 · 5 answers · asked by maureeses 1

2007-10-27 04:10:09 · 2 answers · asked by bb 1

A friend of mine's mom has been unemployed for a year now and they want their parents to file taxes so they can get grants.

2007-10-27 03:33:44 · 5 answers · asked by tyisha n 1

I recently withdrew some money out of my 401K.
I paid the 10% federal penalty fee for early distribution.
How much more do I have to pay once i file my tax return? (I was told 25% in total, but how much in total does one have to pay the government when 1000 Dollars were withdrawn?)

2007-10-26 23:45:12 · 9 answers · asked by modernlifeisrubbish 2

Charlie Wrangle D, NY proposed a minor tax increase for the rich that have incomes of $200K or more, its a very slight increase. I believe as much money they have the rich can still live a normal life just like the rest of us even if half or their money is paid in taxes.

2007-10-26 23:26:46 · 11 answers · asked by Anonymous

2007-10-26 19:46:03 · 3 answers · asked by C C 1

I have missed W-2 form with a social security number on it. I don't know where it goes to. My question is: Can someone get a job just with a social security number without any of my personal information? Also, will the employer figure out this problem? Will they check ID and social security card when they hire people? I am so worried.

2007-10-26 19:38:33 · 2 answers · asked by Romado F 1

The tax honesty movement states that there is no law requiring regular working Americans to pay income tax (watch Aaron Russo's "Freedom to Fascism", you can watch it for free on Google). Many say that they don't file. How do you that? If you have a job, your employer takes taxes out of your check, so even if you don't file, you're still paying.

Some people say to file a zero return, which means you don't claim any income (because the Supreme Court has ruled that "income" is gains from corporate or investment activity, not wages from work), but that seems a bit like daring them to come after you.

The courts have failed to convict almost everyone who has fought the IRS on grounds that there is no law requiring them to file. But that is, of course, AFTER the IRS has siezed all their property and bankrupted them with legal fees. In hoping to avoid that, how do you bail out?

2007-10-26 19:13:18 · 7 answers · asked by John Doe 1

i recieved a check from someone that had an account with fleet bank and it had my name printed on there as the person who gets the check. i called bank of america and verified the check. they says its an legit bank account but thats all they can give me. i dont know this person but the name of the person on the check. i believe a pastor that helps people financailly. the everything seems legit it as printed 10/22 i recieved it 10/23. and everything matched up so what do i do ?i dont know the person but i searched the internet and found that the person is who they say they are who sent it. so do i cash it? bank of america says i can cash it at any bank of america location because i dont have one where i live i have to go out of state to cash it and thats like 20 minute away from me i dont want to waste my time if its fake.

2007-10-26 19:01:57 · 2 answers · asked by lindeshonbillups 2

If the non-custodial parent has a court order to pay a specific amount each month, but then their income changes, can they still take out the same amount? For example if I was making 1200 a month, but now I am only making 600 a month does my amount of child support change based on my income?? I was told they could not take more than 50% of my gross income. I am making less money now, but seem to be getting the same amount deducted from my paychecks, which leaves me little to survive on. I cannot get a straight answer from the Child Support website and I can never seem to get a hold of the right person who can aswer my question pertaining to my specific case. Can anyone help me?????
Thanks, I appreciate your help.

2007-10-26 18:45:44 · 3 answers · asked by Roeboat3232 1

ok i always get confused when doing my W-4 for my taxes, i just started a new job and i dont know wether to put a 1 or a 0 for the total number of allowances. I know you can either get more taken out of your weekly check and get back more at the end of year tax time. or vice versa...

2007-10-26 16:12:19 · 3 answers · asked by NY Chula 1

I've seen it posted on here a few times and I'm sure I'll see more of it. I have heard it from some people who I would otherwise have thought intelligent. Isn't everyone required to read the Constitution in school?

2007-10-26 15:57:27 · 7 answers · asked by Gypsy Girl 7

2007-10-26 15:18:46 · 7 answers · asked by carpetguy6 1