United States - November 2007

Lets say you buy $10,000 of stock A and $10,000 of stock B. 3 months later you sell stock A for 7 thousand and stock B for 13 thousand. In this situation do you write off the losses against the gains or do you have to pay taxes on the $3k gain on stock B?

2007-11-09 19:56:08 · 3 answers · asked by Anonymous

So if one takes the Income Tax Course and passes the class, does that guarantee employment with HR Block? I am aware its only for Tax Season (until April 15th). But a job from now to April will be sufficient [im going to college full-time and graduating this year]. I just want to know if its almost a sure thing so I can put my 2 wks notice with my current employer . (The accerlated course starts last week in Nov).

2007-11-09 17:59:43 · 7 answers · asked by M.P. 2

hello
i bought my house in tx dec 06.its been a year so they teling me that i can get back some money based on how much i payed in interest in my payments...How do i calculate? do i realy get something? my property taxes alone are 2600

2007-11-09 16:54:50 · 5 answers · asked by MJ1977 2

I'm sorry, if this question has been asked a 100x already. I just got my greencard. I go to school, but I also want to do some babysitting. What do I have to do concerning filing taxes? Do I need a liscence? Do I have to keep track of my monthly income? Are certain things deductable (gas)?

2007-11-09 16:53:18 · 8 answers · asked by Kiwi 1

2007-11-09 14:13:56 · 10 answers · asked by popajohn_law 1

2007-11-09 14:08:42 · 2 answers · asked by Patricia J 1

2007-11-09 13:57:22 · 10 answers · asked by Anonymous

The letter shows that he owes big $$ from a time period when he was in prison. Has anyone else recieved a 2050 letter, is it real? How can he owe taxes when he was behind bars 1998-2003. It shows he owes from 00 & 01.

2007-11-09 13:54:37 · 7 answers · asked by curious 2

I also heard if you get any sort of medical assistance, you cant get claim them, or you wont get anything, my son has medicaid.

2007-11-09 13:02:43 · 7 answers · asked by ♥ Stephanie Louise♥ 4

Should I keep track of how much money I take in, so I can pay 6% sales tax to the state of Michigan? How do I report this? Do I get any discount because I paid tax on the materials I used to make the items I will be selling?

2007-11-09 12:18:49 · 9 answers · asked by neciebez1 1

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised that: participation would be voluntary; participants would only have to pay 1% of the first $1,400 of their annual incomes into the program; the money the participants elected to put into the program would be deductible from their income for tax purposes each year; money put into the program would only be used to fund the Social Security Program and no other government program; and that the annuity payments to the retirees
would never be taxed as income.

Who took Social Security from the Independent "Trust Fund" and put it into the general fund so Congress could spend it? Lyndon Johnson and the democratic Congress.

Which party eliminated the income tax deduction for FICA withholding and starting taxing Social Security annuities? Democratic.

Which party started giving annuity payments to immigrants that hadn't paid into the fund? Jimmy Carter and the Democratic Party.

2007-11-09 11:58:17 · 6 answers · asked by Anonymous

I have heard something about the possibility of no tax on cap gains if you are in a low tax bracket,, any info on this?

2007-11-09 11:57:20 · 1 answers · asked by sassysmom 1

I know I can claim him as a dependent. But can I also deduct some of his expenses that I pay? His only income is social security disability, amounting to $700 per month. I chip in about $2300 per month to cover the rest of his expenses.

2007-11-09 11:02:09 · 13 answers · asked by thatpeg 2

I was told that the job may only be temporary. I am currently on unemployment, how do a go about stopping my unemployment? Also, how would I pay taxes on the money they will be paying me?

2007-11-09 10:38:38 · 4 answers · asked by robert b 1

I just been given a job offer, after nearly 2 years of not working. I will be making 18/hr. Due to this being mid November of a year what deductions can I make to give my money the most. Like claim 17 dependents for remainder of year and then lessen it to the correct amount in Jan. I know I can claim exempt status. Any other suggestions?

Please only those that are FAMILIAR with Human Resources/Salary please answer. Thank you!

2007-11-09 10:38:04 · 7 answers · asked by wisconsheepgirl 2

2007-11-09 10:15:21 · 4 answers · asked by george e 1

Okay i dont understand how this works
i have a son that is two months old now
and i know i claim him on my taxes
but some people told me i should get money
and others say we get tax credit?
which i dont understand what that is

Can anyone explain this to me?

2007-11-09 09:56:47 · 4 answers · asked by ♥ Stephanie Louise♥ 4

How could you do this and still be in good standing with the IRS?

2007-11-09 09:42:13 · 12 answers · asked by Doesntstayinvegas.com 3

it is not a rental property. it is my second house

2007-11-09 08:39:59 · 5 answers · asked by desiboyv 1

real estate taxes on personal residence $6000
sales tax $1000
property tax on my car $2000
state income tax $5000
self employment tax $4000

2007-11-09 07:39:03 · 3 answers · asked by ssss 1

My boyfriend's sister has 3 kids and she wants me to claim one of them when I file my income tax this year. I don't know anything about how things work but some how she says she would get more money back this way. I don't mind helping her out, she needs all the help she can get! But I don't want to get into any kind of trouble. Is this a type of fraud? She would have my boyfriend claim one of her kids but he's already claiming 2 of his younger brothers (they have a huge family). Their scenario is that she doesn't work and her husband has worked only half of the year. Please give me any advice? Thanks in advance!

2007-11-09 07:27:04 · 13 answers · asked by Jo 5

is it true when I turn 62 and receive social security, do my kids who are under 18 years of age receive money from this

2007-11-09 07:26:19 · 7 answers · asked by tlk123@sbcglobal.net 1

I am a single mother with two children. I have been claiming 7-9 exemptions on my paychecks so that the least amount of taxes are taken out. My children live with me full time all year round. I just want to make sure I will not get into trouble down the road. I usually get back a decent amount on Federal and owe 200.00-300.00 on State taxes.

2007-11-09 06:33:36 · 6 answers · asked by Anonymous

If I fax my contact info to RAIVS will they be able to contact me? I need some info for a bankruptcy that is pending and waiting on this info.
Thanks!

2007-11-09 06:27:47 · 2 answers · asked by p2andr 1

1. life insurance premiums.
No

2. property insurance on your personal residence.
No.

3. Losses on the sale of personal property.
No.

4. Commuting expenses to and from work.
No.

5. Attorney fees for a divorce for former spouse.

yes.


this is my answers please correct me if i am wrong.

2007-11-09 06:25:35 · 5 answers · asked by ssss 1

John works a 40 hour a week job and is thinking of taking on a second weekend job. However, he's concerned that the small income he'll make at the second job will just be a waste because it'll knock him into a higher tax bracket and just screw him over during tax time. John has a wife and one child to claim, but will not qualify for EIC. Will taking on a low-income second job really not be worth the time because of this?

2007-11-09 06:25:02 · 10 answers · asked by cottagemama 3

I just got an inheritance and I live in NYC. What is the percentage of taxes I would have to pay the IRS?

2007-11-09 06:19:01 · 9 answers · asked by snicks 2

I had a retirement account through an employer that I converted to a Roth IRA when I left the company years ago. I now need to make an early withdrawal. I know my contributions can be withdrawn without penalty, but how about the employer contributions make when I still worked there? Can they be withdrawn without penalty as well? Any help would be greatly appreciated...

2007-11-09 06:06:48 · 4 answers · asked by Tagline265 2

My fiance and I both own our houses. When we get married, we intend to sell both houses and buy a new one to move in together. Of course, there's a good chance that the timing won't work out between buying and selling houses. I want to avoid any capital gain issues (or any other tax issues, for that matter). What do I need to watch for? If my house sells early, how long can I "sit" on the proceeds of the sale before I have to invest it in a new house? What other "gotchas" do I need to be aware of?

2007-11-09 06:01:04 · 6 answers · asked by joedeshon 3

My husband is going to be a 1099 as a salesman. We also have a business in my name. He wants his checks as a 1099 to be made to the business. This way, I'd pay taxes through the business, but get a bigger tax break since it would seem that I'm the only breadwinner of the household. I'd claim him. He'd look like he made no money as a 1099. But isn't the 1099 linked to his name, whether the checks were made to him or our business? Is this a dangerous situation with a posed risk? I'd appreciate some advice. Also, I live in the United States.

2007-11-09 05:30:17 · 17 answers · asked by Anonymous