United States - December 2007

2007-12-13 09:49:00 · 5 answers · asked by Dylan L 1

THEY ARE ALL MARRIED

2007-12-13 09:45:43 · 5 answers · asked by Anonymous

I am a NJ resident, going to school in NYC (and living here during the school year) and also working here in NYC. I'm making $12/hour and my tax has been around 23% out of some paychecks!

What's going on??? Am I getting taxed extra because I told my employer my address as my NJ address? Which state tax form should I be filling out? Should I be getting most of this money back?

Just for reference, here are some of my year to date tax numbers. Total earnings has been $6790

SO SEC TAX 421.01
MEDICARE TAX 98.46
FED INC TAX 694.02
PRI-STATE TAX 162.89
SDI/UC TAX 13.20

TOTAL TAXES 1,389.58
around 20% of my total earnings...

Thanks guys!

2007-12-13 09:45:01 · 2 answers · asked by mooingmooseman 2

im single. and have 1 allowance. if i file exempt for federal, doesnt that mean they wont take out any taxes, or will they take out alot. I JUST want my whole check without anything taken out.

2007-12-13 09:39:40 · 6 answers · asked by tech B 1

Should a sole proprietor file taxes under his name or under the name of his business?

Also, some of my BUSINESS expenses are under my name and others under my business name, can I include both in my tax return?

2007-12-13 09:24:12 · 6 answers · asked by Anonymous

2007-12-13 09:02:31 · 6 answers · asked by afterburner 1

my ex has owed me over 12k for years now and has been on the IRS intercept list I have yet to get anything and it has been over 6years now...can anyone suggest someone i can call to get this taken care of and find out why he is getting his income tax back and i am not getting any of it???? ALSO, i have been told he plans to claim one of the kids this year eventhough the court order says ONCE CURRENT and paying weekly...he can do that...I need help in OHIO :)

2007-12-13 07:52:41 · 6 answers · asked by cnick 2

After my divorce from my daughters mother she, the mother, was appointed the guardian. Big surprise! That was when my daughter was 7. When she started college the court in Alabama had reserved the right to review the case again and did so. They changed the child support to "Post Minority College Educational Expenses". My daughter files her own income tax and her mother is on disability so she receives a Pell Grant. My tax advisor says I can't claim my payments for college expenses because I don't claim her on my tax return but that she, my daughter, could use my expenses on her return as a deduction. Is this all correct? Is there no way I can get a deduction for these educational expenses without loosing the Pell Grant.

2007-12-13 07:51:59 · 4 answers · asked by Les R 1

I have so much taken out of my check each week, but I'm so afraid of owing at the end of the year. I wouldn't mind breaking even. Any suggestions?

2007-12-13 07:37:47 · 6 answers · asked by Heather J 1

I did not file my 2006 taxes due to a discrepancy on my wages earned with Social Security. I am trying to close on a house and they had me file them. I sent the return overnight and the IRS has received them, but it still shows that I have not filed.

2007-12-13 07:32:21 · 1 answers · asked by ss_brakey 4

I have been there since december 26 of last year at my job I make $10.50 an hour so how much should I expect?

2007-12-13 07:27:49 · 5 answers · asked by ohioguy4jc 4

When I was working for a company that paid 80% of health insurance and I paid 20%, the 20% that I paid from pre-tax. Now, that I pay 100% of my health insurance privately, I don't get a tax deduction? Or do I and where on the 1040. I'm not self-employed, I work under a W-4 form. Thank you.

2007-12-13 07:24:36 · 3 answers · asked by Sean 1

how much will the government take outta my check weekly..i live in new york city and plan to start a new job paying 10 a hr...i have no dependents

2007-12-13 07:20:30 · 1 answers · asked by mrmonday 2

2007-12-13 06:37:00 · 3 answers · asked by alen m 1

We give out bonus checks around Christmas every year, but someone just told me that we are supposed to report it to our payroll service and the amount is supposed to be taxed. Does anyone know if this is true?

2007-12-13 06:33:18 · 5 answers · asked by PaganBeauty 1

my mom always did my taxes on her computer but now we arnt really on speaking terms. i worked for the solon inside of walmart until about a month ago, now i am working for a nother solon that is just me and the lady that owns it. she pays me in full and doesnt hold any taxes out. when it comes time for taxes what do i have to do. i am clueless when it comes to this. please help

2007-12-13 06:19:33 · 4 answers · asked by Katie H 1

2007-12-13 06:05:07 · 3 answers · asked by taylorbecca96 1

Will EDD find out that he is working there again, that they hired him back? Or can we keep getting benefits at least for another month? (He was out of work for a while and we are behind on EVERYTHING and would like to try and catch up!)
Thanks!

Any addl. info. you have on this is appreciated.....

2007-12-13 05:59:16 · 8 answers · asked by Anonymous

I attend a local community college but all of my classes are online. I was just wondering if I can claim my high-speed internet service as an educational expense.

2007-12-13 05:46:45 · 9 answers · asked by ncscgirl 2

Last weekend, at our company Christmas party, we were all given gift certificates from our employer as Christmas "gifts." A few days later, we were all handed a form to sign. The form first asks you to acknowledge that you received the certificates, and then asks you to "approve" that the amount will be added to the your next paycheck for "W2 purposes."

I have never received a Christmas bonus or gift from any company I've worked for, then had it added to my paycheck. I'm not sure I want to have to pay state/fed taxes on this supposed "gift." Is this becoming a common practice now? What's behind this?

Part of me wants to hand the certificates back and say "no thanks." It's not that much money.

All advice/info welcomed.

2007-12-13 05:25:44 · 5 answers · asked by milomax 6

I switched jobs this yr and made only a small amount this yr compared to other yrs. It will be around 20 thousand. I have two kids and I am married filing jointly. I have been claiming 9 since June of this yr so not much has come out in taxes. I have always gotten back a refund in the past making almost 3 times as much as this yr. I will obviously be elligible for the EIC this yr but since I have not paid in much for taxes will I get back anything. I also have mortgage interest that I can deduct, do I get to do that along with the EIC or can I only do one or the other? I am kinda worried I might have to pay in even though that seems unlikely since I made so little and have 2 kids. Does anyone know what I might expect when tax time rolls around?

2007-12-13 04:45:47 · 5 answers · asked by pat m 1

2007-12-13 04:44:54 · 7 answers · asked by Anonymous

please! help!

2007-12-13 04:37:17 · 2 answers · asked by Golden Butterfly Goddess 2

Article 1 section 9 of the US Constitution was modified by Article 16, passed on July 2nd 1909 and ratified February 3rd 1913, this allows Congress to lay Taxes on income(income Tax). My question is: Is it illegal in any way not to complete IRS Form W4 and the subsequent IRS Form 1040? If these forms are legally required what are the article numbers or code numbers to accompany such laws? What would happen to withholdings from pay periods if form W4 were not completed?
Thank you in advance.

2007-12-13 04:25:08 · 5 answers · asked by ireland 2

When I bought my home I took advantage of a first time homebuyer's program. Part of the deal was a silent (no payments to be made until end of loan) 2nd mortgage for $25,000 at 5%. Another silent 3rd mortgage of $10,500 at 3% was part of the deal.

So here's my question. I've been paying the accumulated interest every year on the 5% silent mortgage, because I get an immediate tax deduction, and it's essentially the same as investing that money at 5% with no tax due later.

But what about the 3% loan? Is it financially a wise decision to pay the interest down on that one too? Yes, I get an immediate tax deduction, but from then on it's like investing at 3%, which I can do much better then even in an online savings account

2007-12-13 04:19:13 · 5 answers · asked by Uncle Pennybags 7

Ok, so I'm preparing my documents for the upcoming tax season and I noticed that on last year's return, although the preparer entered the amount that I paid in mortgage interest, I didn't get a credit for it. Does anyone know why? I remember last year, she explained something about having "too many credits". Is it possible to do an amendment and get the credit this go round?

2007-12-13 04:15:07 · 7 answers · asked by Anonymous

2007-12-13 04:08:58 · 6 answers · asked by Ryan M 1

Who would you consult if you were having Irs problems?
Still in examination process but uncomfortable....
Have an accountant but ot sure if he is able to handle this.
cpa, tax attorney, a tax service like Effectur? Is it a mistake to use someone out of your state?

2007-12-13 04:05:33 · 3 answers · asked by dragonness36 2

My husband loses his tax return because of a small college loan that is defaulted. If I file married filing seperate, will it keep them from taking my return?

2007-12-13 03:54:31 · 6 answers · asked by divina_jodi 1

My father recently passed away. He left my sister and I the house and farm land that our 93 year old grandmother lives in. The house and farm land was appraised at $73,500. There is a mortgage against the property still for $20,500. We are not in a financial position to keep the land and house or to buy the other one out.
According to my father's will we have to offer to sell it to one of his brothers or sisters no more than the appraisal value. In the event that they do not want the property then we cannot sell it until my grandmother passes away.
My aunt and uncle made an offer of $60,000. If my sister and I take the offer will we have to pay taxes on the money we receive ($39,500 after we pay the mortgage off)? I have never been through something like this and I need some advice.

2007-12-13 03:50:20 · 4 answers · asked by Megan H 1