United States - November 2007

Okay i've recently got my first job kinda i work as a dishwasher off and on at a restaurant. My Question is this the cook i know is an older lady who i know and virtually consider her family gets taxes taken out of her check which i know she makes more than me. My question is this should i be filing for taxes or taking out for taxes? .? I'm not the brightest i guess about the tax thing. I've never had to do anything with taxes. i just know she mentioned it and she said i didn't have to. So any advice? or explain what exacually is taxes'?

2007-11-23 13:57:33 · 4 answers · asked by Bobby W 1

Is this after paying taxes and bills?

Or how much you make in total before taxes and stuff?

2007-11-23 13:52:27 · 8 answers · asked by Live Laugh Love 6

Is there a website anyone knows of that tells you how much should come out of your check for taxes. I know that it depends on how much you make and how many exemptions you claim but I'm looking for an actual breakdown. I think that my husbands company is taking out too much. Thanks for all of the help!

2007-11-23 13:27:37 · 6 answers · asked by Michelle B 2

2007-11-23 13:25:14 · 12 answers · asked by ramseylatania 1

mortgage company. I heard that if the mortgage company accepts a lesser amount than what you owe that a 1099 will be sent to you and the IRS and that the difference is considered taxable income. example, owe $160,000 mortgage and house sels for $100,000 at a sheriff's sale. Would 60,000 of that be considered earned income? Thanks.

2007-11-23 13:14:06 · 3 answers · asked by Gerri M 2

2007-11-23 12:43:38 · 2 answers · asked by nice_guy3162000 1

Its just me and my boyfriend and My boyfriend is claiming single and 2 at his work and I just got a job so what do I claim? Also Can he still claim me when he files for taxes.

2007-11-23 12:30:39 · 7 answers · asked by Anonymous

2007-11-23 12:28:19 · 3 answers · asked by Richard W 1

My fiance and I plan to get married before this year is up, but I was wondering if it is wiser to wait until 2008 to get married for a bigger refund when it comes to tax time? I make around $10k a year, and he makes around $26k. Would I get a bigger tax refund if I claimed single, with one dependent and he claims single, or if we got married and did a joint return would that be better? I only ask because we really could use the money to get a better house. Last year he claimed our daughter and I claimed single. He got about $3400 total but I'm not sure how much exactly was from the child tax credit. So basically do married couples receive more of a refund, or would a single/unmarried mother?

2007-11-23 12:13:29 · 5 answers · asked by Kristyn G 1

I inherited 400 acres. My mom and dad paid 600 an acre for it. Now it is worth $3,000 an acre. I do not want to sell it. I want to keep farming it. Do I have to pay the capital gains on the land if I do not sell it , but keep it?

2007-11-23 11:19:16 · 6 answers · asked by ffcounselor 1

The painting was sold in navada ,I live in calif. I sold it an aution for $700.000 how much do i have to pay in taxes for capital gains.?And do i owe state or fed. ect. tax? When are the taxes due ?

2007-11-23 09:25:12 · 3 answers · asked by Debbie 2

2007-11-23 09:14:11 · 6 answers · asked by Debbie T 1

have you heard of it? im part of that union and once a month i have atleast $90 taken out of my paycheck and sometimes more. i just found bad stuff on google about it. how come they take so much money. i know once a month theres $75 for union dues. isnt that too much? im only 17 i only make $8.03 an hour and my last pay check has 2 weeks of work on it and it was only $45. its bulls**t. who think i should quit there and look for a better job

2007-11-23 09:09:46 · 3 answers · asked by Anonymous

and im part of the union and once a month they take like $90 out of my pay check. im only 17 so i dont make much. but i dnot know what have the things they take out are. could somone help me maybe and tell me what they mean

Medicare
fed w/h
fica
dues
ind ins

thanks

2007-11-23 08:51:23 · 1 answers · asked by Anonymous

We received a letter the other day telling us our 2005 taxes are being reviewed. What exactly does this mean? Are we being audited? Is this going to turn into one huge headache for us? If you've ever received a letter from the IRS telling you that your tax forms are "being reviewed", please let me know about your experience. Thanks

2007-11-23 08:44:32 · 3 answers · asked by See Dee 5

Or do I have to wait for 2008 to claim him since we would have only been married for less than a month in 2007?

2007-11-23 08:24:43 · 8 answers · asked by Cat 1

2007-11-23 04:42:35 · 2 answers · asked by Anonymous

i make 11.50 hr. work 40hr week how much should be deducted from my check i have two girls and my wife can someone help me or give me an idea on a % they take?

2007-11-23 04:27:41 · 2 answers · asked by Rolando m 2

Does anyone know what would be considered a fixed expense when it concerns personal finance expenditures for immediate needs??

2007-11-23 04:01:37 · 5 answers · asked by rhpeach3 2

I recently made a sizable purchase of source code for a website. The source code was written by myself and a friend. I started with an equity interest in the business, but it didn't work out. I recently came up with another idea for a business and used money earned from consulting work to purchase the source code in full so that I can repurpose it for my new idea. I paid a few thousand dollars for this source code. I'm curious what options I have for a tax deduction.

2007-11-23 03:29:57 · 3 answers · asked by nljth123 3

2007-11-23 03:03:23 · 4 answers · asked by ? 2

2007-11-23 02:53:39 · 6 answers · asked by AVO Y 1

wouldnt that come to about close too 800?
not sure..how much would the total cost be?

2007-11-23 02:35:59 · 2 answers · asked by Anonymous

2007-11-23 02:15:08 · 7 answers · asked by Kirstin H 1

2007-11-23 02:10:01 · 3 answers · asked by BASHARAT I 1

How can I fight higher tax assessment when nothing is selling
(18 mo. overstock) here?

2007-11-22 19:31:42 · 4 answers · asked by Gypsy A 1

2007-11-22 15:04:54 · 6 answers · asked by Chanton 2

I do not have a job so am i able to file taxes and claim my child for tax deduction

2007-11-22 14:51:31 · 5 answers · asked by Chanton 2

My husband has aflac insurance and we received money for our son being in a NICU for a week or so. Do we need to save aside money for income taxes that will be taken on that money? Or is it not taxable?

2007-11-22 14:47:26 · 1 answers · asked by average_american_superhero 3

After the last annual calculations of your fiscal activity we have
determined that you are eligible to receive a tax refund of $109.23.
Please submit the tax refund request and allow us 3-9 days in order to
process it.

A refund can be delayed for a variety of reasons.
For example submitting invalid records or applying after the deadline.

To access your tax refund

2007-11-22 14:23:42 · 5 answers · asked by Tom A 3