United States - November 2007

I worked for an insurance company as a sales agent. I was paid commisions as an advance to the policy holder paying their premiums. I had an agent account which basically showed what they advanced me. As premiums came in it was taken off the account. When you leave this company and you have a balance in your account, no renewals are paid to you(off your account). If you terminate contract before 2 yrs. you get no renewals regardless of account balance. I ended my contract after 1 yr. I had a balance of 5,000 dollars in my account, money they advanced me. They demanded immediate payment of account with threats of collection. Even though my policy-holders were still paying in. I ended up claiming this on bankruptcy, 1 1/2 yrs later. Than I found out my sales director turned this in as earned income to IRS. They are now coming after me to pay on money I never earned. Help me...I have tried to explain but they don't understand how insurance payment works. Am I wrong?

2007-11-19 04:19:41 · 4 answers · asked by Kelly 2

Hi,
A state employee contributes to the state pension fund and is excempt from social security contribution. Now if the employee earns 100K/Y thru state and then earns extra 50K as self employed , does he/she pay the social security of the self employed income or since he contributed to a pension fund , he/she is excempt from paying social security out of his self employed income.Thanks

2007-11-19 04:01:57 · 4 answers · asked by manygill 1

2007-11-19 03:28:25 · 4 answers · asked by shannon k 3

I joined an online company a couple of months ago, I have made profits, and I was wondering how I go about filing taxes for it. I filled out a W-9 with them before I was qualified to receive commissions, if that means anything.

I live in Georgia and was wondering about how to handle state taxes as well. Any help would be appreciated!

Thanks!
-Steph

2007-11-19 01:15:34 · 4 answers · asked by Stephanie S 1

my husband was laid off in another state 6 months ago. we moved to our new state 3 months ago. the problem is, he is still looking for work, and his benefits are going to run out. can he file for unemployment in the new state?

2007-11-19 00:56:45 · 3 answers · asked by caliegirl 1

I live in Michigan and we can claim them on our state form. I have all of my statements and papers for what insurance didn't cover. Is there a minimum amount I needed to spend before making a claim?

2007-11-18 20:26:58 · 2 answers · asked by googirl77 5

I work at cold stone creamery.. Someone told me that our tips get taken out of our paycheck, so I looked and they do. I only make 6.50 and min wage is above that, so our "tips" are supposed to even it out and bring us up to like 7 bucks. Also, my boss splits our crews tips up. Say I work most of the day and I make 10 bucks in tips. Well if the other girls come in, they don't make anything, (even if they did it would still apply) my 10 bucks get split up between us all. I don't think thats fair.

Anyways..can someone explain to me how tips and tip taxing works? And how that comes out of the paychecks? AHHH HELP!

2007-11-18 18:30:05 · 7 answers · asked by Anonymous

I just started my job as a contractor in san Jose, CA. The mid client said they will pay me on 1099. Can anyone tell me how do I get taxes deducted then? I know they have to be paid monthly or quarterly. Shud I go to a Tax consultant right away? Also is 1099 better or W2.

2007-11-18 16:12:22 · 8 answers · asked by RM 2

I am currently thinking of moving from Rhode Island to the Fort Myers area in Florida. I'm selling my home for $369,900 and my property tax this year was $6,734. I would like to find a home in Cape Coral or Lehigh Acres for a little under $300,000. What should I expect for property tax in Florida compared to Rhode Island?

2007-11-18 15:41:31 · 3 answers · asked by Anonymous

my guess is between 55,000 and 60,000

2007-11-18 15:39:42 · 2 answers · asked by Quique 2

I live in Southern Cali (I have no car folks, lost my car in a car accident in 2003) and I had to start working somehow. So, I started tutoring to make a few dollars come in...less than $200 a month.

I was told from H&R Block that if a single person earsn less than 6K or 5K a year, then that person does not have to report those earnings to the IRS. What happens if you earn $180 a month-or 2K a year?

What about unemployment? What will they say? it's not like I'm rolling in the dough and I don't have my own transportation. Yes--I'm looking into car pooling, but-that is a different question.

If you want to criticize me-please do it some place else. I didn't come on this to get that.

2007-11-18 14:20:15 · 7 answers · asked by Beth 4

We bought a house 1 year ago, paid $170,000 for it, spent about $10,000 on improvements and expect to sell it for $200,000. I want to buy a small horse farm about 40 miles from where I am now and go into business for my self - would the profit off the sale from my house be subject to capital gains or do I have to wait until I've lived in the house 2 years? Also if I get my projected price of $200,000, what would I be looking at paying in capital gains if liable? Keep it simple please - I'm blonde and crap with numbers! :-)
Cheers

2007-11-18 14:04:42 · 6 answers · asked by lisa m 6

what should i do when the payment is not settle and i dont want to be charged for sales tax.

2007-11-18 13:48:57 · 4 answers · asked by your mum 2

2007-11-18 12:49:32 · 6 answers · asked by bluesky45687 1

I do vinyl graphics, mostly for businesses (until now under the table) do I need to charge sales tax?

What if I sell on eBay?
What if it's to a business?
What if it's out of state (Ohio)?
Do I charge sales tax for the actual product only, or do I charge sale the for the whole amount including application fees?
Do I need a tax ID from a business if they are tax exempt?

Sorry so many questions, I don't want to mess up.

2007-11-18 12:12:21 · 9 answers · asked by in COGNITO * 4

i need to know that

2007-11-18 12:02:09 · 4 answers · asked by stacy k 1

I noticed during open enrollment that my employer did not deduct the right amount for our medical and dental benefit, am I liable for the additional amount or do they have to cover the difference since it is their error? Also, is it advisable that I tell someone and if I am not liable for the difference is there anything I can reference in my defense? Thanks in advance.

2007-11-18 11:36:37 · 6 answers · asked by Medic 1

This is the first time I'm working and I want to have an estimation of how much money I will get every month after paying taxes. I'm looking for a rental apartment and this could help me manage my budget.

2007-11-18 11:33:33 · 5 answers · asked by katayoun_aghajani 1

I paid one contractor $5, another $50 and a third $500, am I required to send them all a 1099 form? Is there a requirement to file a 1099 based on the amount paid?

2007-11-18 11:20:03 · 3 answers · asked by Anonymous

2007-11-18 11:09:59 · 4 answers · asked by Thirty-five 2

adjusted gross income of 80,000.

2007-11-18 11:02:42 · 4 answers · asked by isabelo 2

I watched a 15 month old baby for 2 months. I quit due to an incident and now she wants to turn in the money she paid me to the IRS. She never mentioned this before I took the job. Besides I thought I was taking a "babysitting job" but she claims its not babysitting but rather childcare. I only made 200 dollars there. She is asking for my SSN and I told her that I wasn't comfortable giving that to her. I feel that she should have gotten all of that information before I took the job. Anyway she is telling me that she is still going to turn the money in to the IRS, to recieve her tax break, with notion that I refused to give her my SSN. She also said that this could cause potential harm to me. Why? what could this do?

2007-11-18 10:37:19 · 9 answers · asked by Anonymous

2007-11-18 10:23:09 · 5 answers · asked by George S 1

2007-11-18 10:15:53 · 6 answers · asked by Anonymous

I have been unemployed all this year if i start working in december will he be able to still claim me on his taxes.Would it interfer with anything else?Is there a money requirement

2007-11-18 03:00:32 · 9 answers · asked by Anonymous

I was told that if I buy a hybrid automobile, I can do something on my income tax return this year? Does anyone know if such a thing exists and is it does, what is it?

2007-11-18 02:28:03 · 5 answers · asked by Traveler 4

I am single, independent (noone can claim me as a dependent), and I have no children.

I made $11,000.00 last year, and I got 100% back. I dont know if this year will be the same.

Also, I recieved a promotion, and I will be making $32000.00/ year starting from Jan. with the same single/independent/no children status. Will that change anything in respects to tax returns?

2007-11-18 02:07:39 · 5 answers · asked by Hopekins 2

I am sure there is one, would you use it? Because our government is already saying that there will not be any S.S. money in the coffers when we are 65 in the coming years. Also why are we letting them use that money now and we are not watching them better, I mean like a hawk folks???
The other side to this is we get to use our money now instead of them using it!

2007-11-18 01:10:54 · 7 answers · asked by Doakster 2

earned income credit.

2007-11-18 00:16:20 · 4 answers · asked by kkika57 1

I am planning to start up a small carpet cleaning company in PA that annually grosses about $30,000 working all by myself. But later in about a year or so, I might want to grow it as a full janitorial service company with several employees that generates more than $150,000 which I have done in Chicago last year. When I was doing business in Chicago, I paid a lot of payroll and income taxes with S-Corp status. So, now I want this carpet cleaning business to have minimum tax expenses. Should I go ahead and file S-corp or just do Sole Pro.? Which of the two will be more beneficial tax wise when earning around $30,000 a year? (If I go S-Corp, I am planning to pay myself about $500 a month as a salary from that $30,000)

2007-11-17 20:05:55 · 2 answers · asked by Anonymous