United States - November 2007

I got a letter in the mail saying I owed $2000 ! I filed federal that year, but how do i get credit for what was taken out of my pay checks for state? I dont know if I can get my 1999 w-2. PLEASE HELP!

2007-11-06 05:59:29 · 5 answers · asked by cappync696969 2

I don't know how responsible I am for the income tax on the first half of the year

2007-11-06 05:09:29 · 3 answers · asked by ouch 1

My house is in California and I want to move to Oregon.

2007-11-06 05:06:41 · 7 answers · asked by moodyj1 1

2007-11-06 04:45:15 · 1 answers · asked by i Vinod 2

I have a court order granting my 100% of the tax benefit for the child, I pay more than half the cost of keeping up a home for the child, yet the child is only with me 25% of the time. The mother cannot claim hoh because she cannot claim the dependant. So can I claim hoh?

2007-11-06 04:10:36 · 6 answers · asked by Bryan S 2

I took out two loans. One was to pay for my 2006 tax return and the other is to consolidate my credit cards. I was wondering if when i file for my 2007 tax return if i need to include my two loans? ( This year I'm in W-4 instead of 1099, Single)

2007-11-06 03:33:41 · 6 answers · asked by KNight31 1

I have heard that there are tax advantages, whether federal or state, I do not know, that there is a 15% tax break if the Owner or President of the S-Corp is female. I have a S-Corp, and remember something about "WEW" at the state level, but cannot find it on any of the .gov or .org sites.

Any ideas or links would be greatly appreciated.

2007-11-06 03:33:24 · 2 answers · asked by trailng 3

I have enough money and an offshore account.

2007-11-06 03:26:22 · 3 answers · asked by Denorex Guy 1

2007-11-06 03:18:52 · 8 answers · asked by asdfjkl; 1

2007-11-06 02:59:48 · 5 answers · asked by mmm..whynot 3

2007-11-06 02:44:41 · 11 answers · asked by Rick B 2

I work in CA and want to change the number of witholdings on my W4 form from one to three witholdings. The whole year ive had one but i find myself caring after my mom now and w4 recomends i add two more. but will that affect me when I do my taxes soon?

2007-11-06 02:42:14 · 2 answers · asked by Bella 1

What are the implications of selling a home below the price you paid for it. How can you write that off on your taxes and does it make sense to do so.

2007-11-06 02:41:40 · 5 answers · asked by Anonymous

If I made 45,000 after taxes this year, and claimed 1 dependant until April, then in April I claimed 3 dependants, and I don't have any right offs such as a mortgage, just rent totalling 685 a month, do you think I will get any money back at the end of the year? I really hope so b/c I need it! I am married and she doesn't work, due to the babies, so I would file married.

2007-11-06 02:39:20 · 3 answers · asked by Olivia 3

2007-11-06 02:37:27 · 6 answers · asked by Anonymous

When i first filed for Chapter 13 bankrupt i was told that the law firm fees will be $2,500 and $90 for the over the telephone financial counselor , for a total of $2,590.00 . My attorney lost the case and said not to worry I'll just re-filed your case. So i signed all of the documents without reading them ( i thought i could trust my attorney no need to read) , well i got had. Now the same law firm tells me i owe them an additonal $3,550 so in all I would have paid them totally $6,000.00 and the financial consultants /counselors a total of $140.00. so in all i am out of $6,140.00. In the begining all of my bills only came to $10,300 which included my 2nd mortage and credit cards.
I know i signed the papers without reading but is there any re-course. I really feel i been had. Now i am in debt for much more and all the payments are going to the Trustee to pay all of my bills which is fine but I hope someone can help me understand this better and at least give me some hope.

2007-11-06 02:35:23 · 1 answers · asked by beverly c 1

I have taken out student loans and have recieved a few hundred dollars in grants. I have 3 kids and a wife that stays home full time. We usually get back a nice return, as I pay in a lot. Will I get a bigger refund this year being a full time (online) college student and still working 65 hours a week? Or will they take more than usual? I know nothing about it.

2007-11-06 02:30:36 · 8 answers · asked by Jules 2

FOR MY 2007 FAFSA I FILED AS HEAD OF HOUSEHOLD. IF MY FATHER WANTED TO CLAIM ME AS A DEPENDENT ON HIS TAXES WILL HE BE ABLE TO DO IT?

2007-11-06 02:28:27 · 2 answers · asked by chloerochelle102887 1

If so please explain why

2007-11-06 02:14:51 · 6 answers · asked by Anonymous

I have health insurance totaling $65 per week. I think that's taken out BEFORE my gross income is taxed. I'm just trying to figure out if my employer is taking out enough taxes on me.

2007-11-06 01:49:02 · 2 answers · asked by Amber 1

Good morning
I recently withdrew 89,000 from my 401k as a hardship w/d and paid tax as ordinary income plus 10% penalty. Fine. My company offers a pension plan that uses annual income to calculate payments. Since the 89,000 w/d was counted as ordinary income, I should be able to add it to my income in the current year (60,000 normal annual income) to come up with 149,000 in annual income for pension calculation in 2007. Comments? thank you very much for answers. Due to complexity of this topic, If possible pls cite US tax code or cases supporting your answer

2007-11-06 01:38:40 · 2 answers · asked by Steve F 1

I am on medicaid and do not want to get kickedoff, so can I invest this into something that will make it not claimable as income. This is an inhertance but given as a gift.

2007-11-06 01:30:06 · 5 answers · asked by sandra b 1

I'm trying to guesstimate how much my federal income tax return might be. When using a tax estimator, it asks for the federal income tax amount withheld. Is FICA included in that?

2007-11-06 01:21:32 · 0 answers · asked by Amber 1

The IRS increased the mileage allowance in 2007, I was wondering if they increased the car allownca as well.

2007-11-06 01:04:16 · 2 answers · asked by michele h 1

i have 10 children total,1-8yr old daughter with downes,all home or privately schooled,not accepting any financial support from our gov.wondering if it is right that i have to pay approx.4000.00 to taxes

2007-11-05 23:52:12 · 6 answers · asked by j_walshjr 1

When I did my taxes last year I used turbo tax and itemized,I mean they held my hand through the whole process and I put the numbers in the corresponding boxes and that was fine with me.I got one of my best returns back,now a couple months ago I got a letter from my state saying I owe 960.00.What gives?Am I at fault or is Turbo Tax to blame?

2007-11-05 22:35:59 · 5 answers · asked by scott g 1

My insurance company is giving me a check and will be reported as a 1099-MISC to reimburse me for the taxes i will have to pay the IRS because of a mistake that was made by them.

Being that this check is being dispersed to me to repay the tax consequences I will incur due to their mistake, I want to make sure im not going to be responsible for any additional taxes on this reimbursement amount.

Can anyone clarify how this amount will be treated or if there are any special steps or notations i should make when I file my return?

2007-11-05 15:58:50 · 6 answers · asked by BoilerRoom 2

my employer will not allow me to report tips to have taxes deducted from my paycheck. Is this Legal in Pa.? If so, is there a way I can fill out my W-4 form to save me from paying out at the end of the year? Can I guestimate how much I will make each pay period and enter that amount in the extra $$ withheld each pay box on the W-4 form? My employer is foriegn and is tax exempt I guess because they told me not to worry about reporting tips. They said I do not need to because it is a family owned business. Is there any possible way this is true? I have asked several other servers (that are not tax exempt) how they report their tips and they all said they don't. This really bothers me. What they do is their business but, I have a little girl and cannot afford to pay out at the end of the year. Any help or any ideas on where to get help would be greatly appreciated. Thanks to all in advance!!!!!!!!!!!

2007-11-05 15:44:24 · 9 answers · asked by BefTweety 3

I'm thinking about hiring employees even though I'm in business as sole proprietor. I plan to change to LLC when resources allow. Need to know how much % I should set aside for employee overhead costs. I have heard 15% and 25% and need to know before I enter into an agreement for aditional work that will require more help. If I pay said employee $15 hr. how much would I need to charge to cover state - fed amounts? I also plan on getting an accountant after I know this is in contract, and will be able to afford their service. If I'm not mistaken self employment taxes are around 15%, but does that rule hold true for employees, or is it more?

2007-11-05 14:41:23 · 4 answers · asked by offi90 2

2007-11-05 14:38:09 · 3 answers · asked by only me 2