United States - December 2007

for 12mo. they say still owe8700.00 because of int.ithinking of asking 8700people to send me 1.00 to help pay the fine irs what do think

2007-12-17 13:22:15 · 6 answers · asked by lonnie m 1

Up until this year (2007), I was employed by a company and they withheld my taxes. I've always withheld enough and usually got a tax refund each year.

Starting Jan 1, 2007 this year, I switched to a self employed contractor status. The employer paid me gross amount each month with no withholding.

Since I had no penalties or tax underpayment in the past, I was not required to pay estimated quarterly tax payments this year.

My question is: I know I will have to make a big tax payment on April 15, 2008 since I didn't have any withholding and didn't make any estimated tax payments this year.

Should I make a big estimated tax payment this month before the end of the year, or would I get charged interest/penalty anyway for not making payments earlier this year in prior quarters?

2007-12-17 13:09:25 · 4 answers · asked by cjerry66 1

2007-12-17 12:40:47 · 3 answers · asked by Cruise Guy 1

I just started a paper route and my employer does not take out taxes. I'm not sure how to go about doing my taxes. A friend told me that I didn't make enough this year to even worry about it (about $6,000). Anyone know about this kind of thing?

2007-12-17 12:33:37 · 4 answers · asked by dnda89 1

2007-12-17 12:31:45 · 1 answers · asked by makkaylasnana 1

2007-12-17 11:57:17 · 4 answers · asked by mayagurl08 1

Does anyone know the approximate percentage that comes out as tax?

From previous history it appears to be around 45%.... just wondering if anyone knew for sure or of any websites.

Thanks!

2007-12-17 11:38:26 · 4 answers · asked by NoTurningBackNow 5

2007-12-17 11:29:41 · 4 answers · asked by angelkelly0228 1

2007-12-17 11:22:24 · 4 answers · asked by jakekno 1

2007-12-17 11:18:48 · 3 answers · asked by Anonymous

Hi. I inherited a house recently. Its been about nine months since the house transferred to me. From my understanding. in order to not have to pay capital gains tax ( prop value is way under the limits) if you stay in house for two years. I have stayed in this house almost my entire life the last 5 of which caring for my relatives. I want to sell this house and move on, and not stay another year and 3 months because of all the shooting and bad stuff going on in the neighborhoods. Is there an exclusion of having to pay this tax for cases like mine? Where can I find this out? ( Whether I have to pay it or not, since I have already been staying here., don't feel that I should have to stay here any longer, now that my responsibilities as caregiver are over. Thank you so much!

2007-12-17 11:04:17 · 4 answers · asked by Alana 2

TODAYS TAXES

Air Travel Taxes / 911 Funds
Accounts Receivable Tax
Building Permit Taxes and Fees
Capital Gains Tax
License Tax & Fees
Cigarette Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing/Hunting License Tax
Food License Tax
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax Interest Expense (tax on the money THEY paid tax on already)
Access Fees to Parks
Water/Cable Bills Marked up 30% by every City
Penalties (tax on top of tax)
Liquor Tax
Local Income Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Septic Permit Tax
Sales Tax
Social Security Tax
Single Business Tax
Road Usage Taxes (Truckers)
Recreational Vehicle Tax
Road Toll Booth Taxes
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Ttaxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-Recurring Charges
911 Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer Registration Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Water craft Registration Tax
Well Permit Tax
Workers Compensation Tax

COMMENTS:
Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt; had the largest middle class in the world and Mom stayed home to raise the kids.

2007-12-17 10:45:42 · 9 answers · asked by Anonymous

Last two paychecks, I noticed I was getting an extra $200. Today, I accounted for that $200 based on less taxes taken out for Federal and State. The reason? They changed my exemptions from 1 to 9! Obviously I want to change this back to 1 but as far as the extra money I received, do they take that back or do I account for it in taxes?

2007-12-17 10:02:33 · 9 answers · asked by djresourceonline 1

if i worked 60 hours at 7.75, it equals $465..but how much will be took out from taxes?

2007-12-17 08:55:10 · 5 answers · asked by Katie 1

We do not itemize our federal taxes. Still we pay $600 more per year in state taxes than in federal.

2007-12-17 08:24:50 · 4 answers · asked by pennypincher 7

2007-12-17 08:00:01 · 3 answers · asked by Kira-The true shinigami 1

2007-12-17 07:37:05 · 4 answers · asked by Savannah 5

2007-12-17 07:21:20 · 7 answers · asked by Gina C 1

charge taxes for any valuables? What does this mean?

2007-12-17 07:18:01 · 7 answers · asked by mybusiness2 1

A decendants trust testamentary distribution is what is involved.

2007-12-17 07:01:43 · 4 answers · asked by Tom Lawyer 1

I know there's that gift amount, but I forgot what it is. It's a small piece of land.. 1268 square meters according to our tax bill and it's assessed at a little more than $26,000. If we donate this land to my sister in law and her husband, do my husband and I have to pay any kind of tax? Thanks!

2007-12-17 06:42:51 · 2 answers · asked by 2Beagles 6

2007-12-17 06:32:01 · 6 answers · asked by seth l 1

I am a server and my gross pay is about 300.00 usually and my net pay is about 70.00(that is my bring home). I am just curious on how much i mite get back? Last year i got back 700, but i worked less. I asked my stepdad and he saif that i should expect about 1200 back. Anyone can help me out that would be great. i dk if it helps but i work 4-5days a week and i uslally work about 25-30 hours. thank u!! 10 points for best answer!!!

2007-12-17 05:53:45 · 2 answers · asked by sara r 2

I have done my taxed in the past but taxes a getting too complicated. What would be best, a tax preparer like H&R Block or a CPA? Which one would cost the most?

2007-12-17 05:52:11 · 5 answers · asked by Rick J 1

2007-12-17 05:35:38 · 3 answers · asked by Anonymous

I was wondering if there is any way to get some money back on a stupid financial decision my hubby made. He cosigned for a brand new car for his unstable 29 year old brother at 16.325% interest. His brother had the car for 5 months, paid only one payment and trashed the car. We have had to pay the 4 mos he was behind to keep it out of repo and we will have to pay to repair the damages they did to it before we can sell it and then we will likely have to pay the difference between what it will sell for and the loan payoff. So my question is this, can we get some sort of tax break for being stupid? Claim it as some sort of deduction? Thank you.

2007-12-17 05:02:01 · 5 answers · asked by Stephanie W 4

I would like to know is there any one that could help with this matter. What has happen is I lived in Texas for 3 years and did not change my Drivers license to Texas. Now I moved back to Arkansas and they say I owe them state taxes for those years. Is this correct? I asked for documentation from Arkansas Department of Finance and Administration that says if you keep Arkansas Drivers License you have to state tax and they said that there is none. I have searched the wed to find this law with no luck. I can’t just take someone’s word for it with out documentation to back it up. What do I do!!

2007-12-17 03:39:27 · 4 answers · asked by crlbrian 2

I am 20 years old. I do not live with my dad and have not lived with him since 2005. I have a full time job, and pay all my own bills (car payment, insurance, etc.) He does not gove me money to live on. BUT... I go to school part time, usually just one or two classes, at night or online at the local community college. So my tuition averages abount $300.00 a semester. My father does pay for this. Can he claim me as a dependednt even though I pay for EVERYTING else but school.

2007-12-17 03:37:11 · 10 answers · asked by caitybeth3 2

2007-12-17 02:52:29 · 7 answers · asked by The painted goat lady 1

Married couple one works full time the other part time. Who files as head of the household and husband only works part time?
Plus there are 2 toddlers both ours?
We want to get the most for our hard time working.
Please help.

2007-12-17 02:29:34 · 3 answers · asked by Feeling Lucky? 3