United States - December 2007

Okay so I finally got a new job that is willing to accept my registered partner as my "wife" as far as legally possible.
I have insurance for her through them.
The total amount that they pay out for her to have insurance is added to my taxable income for the year even though I don't actually make the extra.
I do not mind paying the tax on it at all but I calculated how much I will be making next year if I just worked my regular 40hrs a week plus the extra that they pay per year for her insurance. That extra 4800 a year that they pay just barly bumps me up into a higher tax bracket.
I do not know what I should do.
In the long run I cannot tell if it is worth it or not. Should I just pay for her own insurance not from my job? Is it really worth it to have to pay an extra 10% in taxes?

2007-12-27 03:50:19 · 4 answers · asked by IAmNotANugget 3

Hi

My boyfriend and I have been together for 4 years now. Last year, I couldn't find a babysitter for my daughter so he stayed home watching her and now our new baby. He's child support payment have been accumulating since.
Now, because I have been supporting the whole family I was thinking about claiming him on my taxes but I'm scare Child support will confiscate my refund to give it to his older son's mother due to backed up child support. I mean, we are not married, we've lived together for 3 years, they can't take my money, can they?
My question is, If I claimed him on my taxes, would Child support garnished MY refund due to his child support?

Seriuos Answers only please. I will prefered if somebody who deals with the IRS or filing taxes experience will answer please.

2007-12-27 03:35:49 · 9 answers · asked by canovanas23 1

This is assuming that i have worked 40 years.I know it can be calculated but i'm not sure of the dollar amounts.

2007-12-27 03:33:03 · 6 answers · asked by ding-a-ling 3

I am responsible for anything that the insurance doesn't cover. Can I file this on my taxes?

2007-12-27 03:30:51 · 5 answers · asked by sarah m 2

Hello,

I calculate a gross english salary to a net mounthly salary.

I found this site :
http://www.rothman-pantall.co.uk/common/calculators/payroll.html

in the link you can see a question as what is your taxe code.

I will work in London, I'm 24 years old, I'm not married and I have no children. Which taxe code am I corresponding to?


Thank you for your answer.

2007-12-27 02:45:53 · 5 answers · asked by John 1

I've elected to implement the "Re-invest Capital Gains" option for my mutual fund. Are these gains deductible form my adjusted Gross income?

I assume that if I took the gains as cash I would have to pay income tax on them.

is this right?

Thanks,

Les

2007-12-27 02:23:55 · 6 answers · asked by Les T 2

My dependant is 3 years of age. Half of 07 i was in school. I have a gross of 5000 and federal witholding of 300 how much will my return be.

2007-12-27 02:19:33 · 2 answers · asked by monique 2

I didn't know if that was just a rumor, or if it was true. And if they are going to be delayed, why? And for how long?

2007-12-27 02:12:37 · 7 answers · asked by Leslie W 1

is just having my W-2 form sufficient?

And am I allowed to just dictate to the H&R Blockl tax preparer all my deductions?

Thanks!

2007-12-27 01:56:02 · 9 answers · asked by Anonymous

2007-12-27 01:48:45 · 3 answers · asked by Whatsit2U 1

My Husband and I have an 18 year old son whom we support. He is employed. Can we still claim him as a dependent? If so, how should he file?

2007-12-27 01:38:45 · 3 answers · asked by Anonymous

Do you have to be married to filed jointly? My boyfriend's dad said that you just have to be common law married in order to file together. My boyfriend and I have been together for 5 years and living together for about 2 and a half. I don't know if that makes us common law or what. We are planning to get married, but not for another year.

He also said that once you file jointly, you are considered married legally. Does he know what he's talking about?

2007-12-27 01:30:38 · 7 answers · asked by ~♠♥CJ♥♠~ 6

to help pay the bills, even though I havent been working for the past 7-8 months? Will they question where and how I got the money? I just dont want to be questioned by the IRS or have to pay a big chunk of money in taxes. Any help would be appreciated!!

2007-12-27 01:14:05 · 5 answers · asked by Karen 4

I'm ready to file! When I do it online?

2007-12-27 01:09:19 · 8 answers · asked by ? 6

I made around $29K this year and due to a flood and some deductions (I have all receipts) I was able to bring my taxable income to a few hundred.

I paid about $6K in federal taxes and $2.2K in NY taxes.

2007-12-27 00:41:40 · 1 answers · asked by louisevuittonn 1

I need to file a Form 1040X to get a refund of my taxes from 2006 but the form refers to questions in the booklet which I do not have. Any help would be greatly appreciated.

2007-12-26 23:42:56 · 4 answers · asked by bevs 1

Hi
When i started working for my current employer in 2005, I was new to this country and thought i was the head of the household and i marked myself off for that and also 2 others. So the total is 3 deductions on my W4. After reading about this, i realised i cannot claim myself as head of household.
Should i fill out a new W4??
Is this considered fraud and could i get into trouble for this?

2007-12-26 23:24:03 · 6 answers · asked by Aditya G 1

me and hubby are both disabled but had a baby boy this years can we file for him?

2007-12-26 23:17:02 · 6 answers · asked by annette m 1

I will owe at least $2000.00 this tax season because of taking money out of my 401K and receiving a 1500.00 penalty tax. Money is tight and I will only be able to raise about 1000.00 before April 15th. What do I do?

2007-12-26 22:41:10 · 6 answers · asked by girl_in_vernon 3

We did H+R Block last year and I don't think we maximized our return potential. Does anyone have any suggestions on which route to take.

2007-12-26 22:10:20 · 2 answers · asked by dtownpower 2

I have 3 accounts with a foreign bank and they never give your interest figures, since it is not required in that country, should I just forget about it and only report U.S. Accounts that give you 1099s?

2007-12-26 21:22:31 · 5 answers · asked by yawlcome2000 3

In 05 he was a minor, we claimed him as a dependent. He worked part time and made $6250 and paid $385 in in tax. This year we claimed his as our dependent. Will he get a refund? Does he file his own return?

In 06 he was 18, but still lived at home off mom and dad. This means we still claim him as a dependent then? In 06 he made about $9000 in wages and paid out about $550 in tax. Will he get a refund?

Now for 07 coming up, he is 19, same scenario. At age 19 do we still claim him as a dependent? Yes, he still lives off mom and dad?

Thanks

2007-12-26 19:42:41 · 5 answers · asked by Anonymous

How many properties can my wife and I deduct when filing a joint return if she has a primary residence and a vacation home, and I myself also have a primary and vacation home as well?

2007-12-26 19:09:41 · 3 answers · asked by 194p$k 2

2007-12-26 18:24:41 · 6 answers · asked by skyblu601 1

Is the culture positive or negative? How did you learn the culture? Thanks in advance!

2007-12-26 17:32:23 · 1 answers · asked by angel_rat_83 1

2007-12-26 17:31:16 · 5 answers · asked by faron_jns 1

How does the capital gains tax for stock trading work? I heard that you can deduct $3000 of your stock losses against your income when calculating your annual income tax. What I am not clear is the following:

1. If I started trading in stocks beginning July 07 and had a net gain of $1700 for the year, would it be better for me to keep this as a gain and get it taxed or should I realize some losses to clear out this gain (I have some stocks on my portfolio which are down, but I have not realized it as it is not sold).?

2. If my net losses are only $1 for the year from stock trading, would I be able to deduct $3000 against my total income or would I be able to deduct only the loss of $1?

2007-12-26 16:40:49 · 3 answers · asked by ineedtobuyagolfrangeandretire 1

With this AMT patch thing the IRS is working on, would it be wise to go out and get our taxes done early?

2007-12-26 16:27:07 · 4 answers · asked by Lovebug123 5

2007-12-26 16:24:57 · 2 answers · asked by CM 5

I got my job in June and on my papers I know I signed to pay more taxes than necessary. I was also told that students get about 90% back. At what point or how much will I get back (percent wise) my tax refund; if at all.
Thanks!

2007-12-26 16:23:39 · 3 answers · asked by Æ 3