United States - December 2007

I invested 13,000 dollars through an online trading company and have made many trades over the past 8 months. My current balance is around 14,500. How would I figure out the taxes that I have to pay on the money that I made(1,500) ? Please give me as much detail as possible.
Thanks

2007-12-04 11:58:17 · 3 answers · asked by B 1

Please, no lecturing, I know I've done a horrible thing, I didn't request my money back right away. Now, finally, in Dec of 07 I have finished my return. I had an accountant that jacked me around, henceforth I started doing it myself. I have w-2 income, 1099s, and business, so it takes forever! Now, that I'm finally done, if I send this in, will I still get my money back?
Thank you!

2007-12-04 11:49:49 · 4 answers · asked by Anonymous

Who has the legal right to do this? Can credit card companies do that? My boss told me that only the IRS can do that if I mess up my taxes.

2007-12-04 11:29:37 · 5 answers · asked by Anna Rexia 5

Theoretically, if I get paid twice a month, how much money will I actually take home post tax / social/ medicare, etc etc, if I make $13,000 in one paycheck? I live in Southern California.

2007-12-04 10:52:34 · 3 answers · asked by Anonymous

I want to file bankruptcy in March of 08. I wouldnt file until after I cashed my income tax check so that I could pay to file. My question is, if I get a 5000 dollar income tax check, I spend a 1000 on the bankruptcy, do I get to keep the leftover 4000 and spend it on whatever I want? And what about the following years when I file my income tax, do they get taken as well? I would be filing a chapter 7 I believe. If thats the one that writes off your debts.

I live in Kansas

2007-12-04 10:47:20 · 7 answers · asked by Anonymous

2007-12-04 09:30:50 · 3 answers · asked by Anonymous

Does one have to claim dividends received from stock on taxes if that person automatically has those dividends reinvested?

2007-12-04 09:10:03 · 3 answers · asked by Entrepreneur 3

2007-12-04 09:04:22 · 2 answers · asked by boggie31778 2

I'm just dumb when it comes to this.

2007-12-04 08:47:44 · 6 answers · asked by cwaller0513 2

My previous question did not contain enough details.
Married filing seperately/no dependents/no deductions/under 59 years old
Earned 86K in salary and bonuses
Cashed out 58K from 401k
20% withheld from 401k cash out
Federal taxes witheld YTD is 20k

Thank you very much to the folks who responded to my earlier positng of this similar question

2007-12-04 08:26:22 · 3 answers · asked by notsobrite 1

I Don't know if it is possible to answer this, but it's my olny option. Im doing my Finacial Aid and the olny thing I could get for my Tax info was my Total income.

2007-12-04 08:26:13 · 2 answers · asked by Anonymous

My property tax is 1.1% and my house is valued at $620K. However I know my house value is lower these days, maybe $575K, so how do I get the city to readjust it so I don't pay excessive property tax?

orange county, ca

2007-12-04 08:22:00 · 7 answers · asked by Mightie Mouse 3

2007-12-04 07:59:44 · 10 answers · asked by cindi_chean 2

During the summer I had a contract job that did not take taxes out of our paychecks. I asked a co-worker how much we'd have to file back and his reply was, "I'm just not gonna bother filing." I'm sure thats quite illegal and so I'm wondering just how much I'll have to pay back.

My total gross income was around 6300. I live in Colorado and I'm 18 years old. I've heard it's either 25% or 30% of each check, but I need to know for sure. Does anybody know what percentage is taken out of each paycheck or the gross? Or how I could find out?? Thanks.

2007-12-04 07:25:05 · 9 answers · asked by babyxsmile 1

Someone said I could have received $1,000 extra money along with full federal / state refund if i had filed the tax return with my dependents( minors )'s names on. Is that true?

2007-12-04 07:08:24 · 6 answers · asked by Anonymous

I ocassionally participate in clinical studies (i.e. investigational medications like pain medications). To date, I have earned $350, and plan on earning $300 more. Do I need to claim that on my taxes for 2008?

2007-12-04 06:33:23 · 2 answers · asked by Evie_79 2

2007-12-04 06:20:25 · 5 answers · asked by dhca 1

I read some of the IRS pub.54. It says that taxes can be deducted(?) if I prove to be a bona fide resident in a foreign country. I have been living in France for the past two years now. I also posess a residency card (as a student). All my activity is based here is what I'm saying. So I recently worked for a French company as a self-employed. In order for them to pay me I have to show proof that I pay taxes in US. They've given me a form to get filled out by me and the IRS. NOW-my question is can I be exempt from paying taxes in the US (once I prove that my "tax home" is France)? And how do I prove that I am a bona fide resident of France?

2007-12-04 06:18:57 · 4 answers · asked by fitness 1

do not understand why i have no federal or state witheld im afraid that when i file taxes i will owe money. being that this is temp agency could that be the reason.

2007-12-04 06:16:35 · 5 answers · asked by pretty1 1

When fighting a childsupport case, the judge said that the exemptions for Traveling from our home to the first job of the day were not allowed, based on the fact that it was not a temporary job, (longer than a year). He has been doing the job for 18 years and has to travel 2 hours to get to some of his jobs. What does the judge think he can do to get to the jobs, take a transporter?
Any help would be appreciated. We have been fighting this for 2 years now, and any reference sites that you can offer to let us know the legal rights that might help up are greatly appreciated.

2007-12-04 05:55:31 · 7 answers · asked by Natalie P 1

We live together, and I have claimed the child in the past. For 2007, it looks like my boyfriend would be better off claiming him, because I only worked part time while going to college full time. So he would get a bigger refund. How do we go about changing this, so he can claim him this year. We could really use the money, while I'm in school it's been really a rough year.

2007-12-04 05:48:01 · 5 answers · asked by pksmama 2

2007-12-04 05:36:16 · 13 answers · asked by mary mwith4 1

is it random?

2007-12-04 05:21:08 · 9 answers · asked by Johnnie's cash🌴🌙☂✈ 4

IF MY TENANTS MOVE FROM MY BUSINESS PROPERTY,WILL MY PROPERTY TAXES GO UP?

2007-12-04 05:10:48 · 2 answers · asked by andy a 1

i've been offered a job as an independent contractor. since i have no idea what that was i researched it and it somewhat makes since. but.... how is this status going to change my taxes and what eligible expenses (write-offs) can i expect? i'm not understanding the tax part of it.... is it good or bad? thanks in advance for your time!!

2007-12-04 05:07:42 · 4 answers · asked by lizdylan2003 3

okay well this one lady at work is telling people to claim exempt cuz she got more money back, so now alot of people are joining her bandwagon, they all want to more money during income tax season, but i know its not that simple, im not too familar with taxes, but i know something is not right. im not gonna file exempt but some of my friends believe that lady, and i kinda think its not gonna work. so im not sure whats right or not. if anyone can help, i would appreciate it. =) thanks, and if you dont understand what im trying to say...well i dnot understand either. lol

2007-12-04 05:04:11 · 9 answers · asked by Anonymous

I worked in a war zone for 300 days. I lost my job at no fault of my own, was forced to come home and be unemployed. I couldn't claim unemployment insurance because the company I worked for was based out of a different state than I lived.
As a result, I had to live off of the money I saved for taxes.
What will the IRS do? It was 1099. How much taxes will be owed on 70k? And I did form a business for write offs, but never had a chance to open another bank account with the EID? What can I do?

Thank you.

2007-12-04 04:51:58 · 2 answers · asked by chris 2

330 day rule. If someone is out of country only 300 days, do they have to pay taxes only on the income they made while being back the 60 days, or do they have to pay income tax of everything they made?

Second question. The rule states any 12 month period out of country, can a month that was claimed the in the previous tax year also be claimed for another tax year. i.e Dec-Dec. Thanks.

2007-12-04 04:20:22 · 2 answers · asked by chris 2

2007-12-04 04:06:37 · 5 answers · asked by V H 1

And what is the approximate amount he would recieve in his tax returns.

2007-12-04 03:48:52 · 10 answers · asked by FK 3