United States - December 2007

Let's say that i own a business... and i received a fine from the city of ANYCITY, USA... the fine paid to the city was assessed by the sanitation department... for failing to separate the business's trash into recyclable and nonrecyclabe bins as required by a city ordinance...
How do I go about accounting for this on my income tax returns? I am using turbo tax... what should I do?
Should I include it as an expense? or not?
Please help...

2007-12-01 14:36:45 · 4 answers · asked by ivana314 2

i sometime travel and use my truck my company pays for my fuel and milage.
can i report this on my taxes? i have copy of all my expence reports.
same on cell phone....can i report?
thank you for you answers

2007-12-01 14:20:38 · 3 answers · asked by Nayo 3

I live in San Francisco, California, run several businesses out of my apartment, and use the second bedroom as my office. My monthly rent is over $2000 and I understand that I can deduct the cost of the second bedroom from my taxes. That would save me about $12000 per year. Can I do this?

2007-12-01 13:47:24 · 8 answers · asked by Curious_Rascal 2

The prize was awarded by a radio station in PA.
And if I do owe, does anyone know the fed & state tax rate for winnings?

2007-12-01 13:23:01 · 8 answers · asked by Sarrah L 2

I'm 17 years old.
I get federal income, social security, Medicare, and OK State income taxes taken out of my check.

I've heard that I can file something where I can get tax refund since I'm a minor, but that vary will might not be true.

2007-12-01 13:01:57 · 5 answers · asked by Anonymous

My tax situation is very complicated. I'm disabled and on Social Security although I am only 37. I am not employed however I do have an IRA that I pay taxes on every year because of withdrawals. This year, I returned to college and I have several student loans. Now tax time is approaching and I don't know what to do. Am I disabled, a student, or a disabled student?

2007-12-01 12:59:29 · 4 answers · asked by stlsigma2 1

2007-12-01 11:50:23 · 3 answers · asked by coros r 1

My ex-husband is hiding money to get out of paying more child support. His income is about $1,900.00 a YEAR he claims. He drives luxury cars etc...If he owned a corporation would that show on his Personal tax return?

2007-12-01 10:12:23 · 13 answers · asked by energizer bunny 1

I am the top earner and I claim married w/ 2 exemptions.
my wife claims married(withhold at the higher single rate) w/1 exemption.

that being said does anyone know if we may be underwithheld?

who should ideally claim the exemptions? the top earner or the secondary earner?

2007-12-01 09:03:25 · 5 answers · asked by locotrentrece 1

I know state taxes would be different from state to state. In terms of federal tax if I am a sole proprietor what percentage of my income would I have to give the government? Assume I would make 40 - 50k per year. Also what other things would be taken out of the money I make? I know I would probably have to pay FICA because I've always seen that on my checks, is there anything else though and if so how much or what % would it be?

2007-12-01 08:56:57 · 3 answers · asked by Anonymous

i just started my own small business, i was told that small business owners pay taxes at the end of the year instead of having the deducted every pay period. well, i start work monday and some fellow business owners told me that they claim anywhere from 6-9 exemptions on their w2 at work some even exempt..how do i know what i should claim?

2007-12-01 08:25:55 · 3 answers · asked by skyye 1

I work as an independent contractor. I will get a 1099 at year end for what I was paid. No deductions are take out. Do I have to pay self-employment taxes (Social Security tax) on this. Can personal expenses used to generate this income be deducted? I use my personal vehicle for this so can I count mileage?

2007-12-01 07:46:28 · 2 answers · asked by Sambo 4

?

2007-12-01 07:35:06 · 2 answers · asked by IHATEYOU 2

2007-12-01 07:09:09 · 4 answers · asked by R J 7

On this comeing Tuesday the 4th of December i would have been laid off for three. weeks i filed for unemployment through mass unemployment. I havent yet found a job. and i havent got any checks from unemployment yet. My question is will the unemployment office pay for the three weeks that i have not been paid once they do cut a check to me. or am i just screwed. I have to many bills.
Please let me know only serious answers. does mass unemployment cover you for the weeks the claim processes during. from 13th of november till now the claim has been processing will i be covered for the weeks in that time.

2007-12-01 05:55:37 · 5 answers · asked by Kablob 3

2007-12-01 05:07:36 · 5 answers · asked by sweet 2

what does this mean????
I don't have a job and my parents claim me as a dependent. What should i put?

2007-12-01 04:54:16 · 2 answers · asked by mandy 1

2007-12-01 03:37:37 · 3 answers · asked by hyderdude2000 1

2007-12-01 03:36:52 · 3 answers · asked by dia m 1

2007-12-01 03:20:16 · 4 answers · asked by maddvic 1

If I make 30k a year, how much spending money does that actually give me per month after taxes? thanks for the help!

2007-12-01 02:58:18 · 4 answers · asked by Anonymous

in 2007, He has bought and sold some stock & made $1700 in his traditional ira, earn $1007 interest on certificate deposit in his traditional ira, he cashed in US saving bonds & earn $1245.60 interest. He lives with me all year long. I claim federal tax withholding as 2, same as state on my paid check. Can I file as head of household and claim him as dependent on my tax return this year 2007 ?

2007-12-01 01:55:13 · 10 answers · asked by fhjccy 1

i worked construction and bought a new pair of work boots in january of 07 for 140 dollars, i started a new job in april and the company i started working for gave me a 120 bucks to get a new pair of work boots, well the pair i bought cost 143 dollars. can i claim that 23 dollars as well as the 140 dollars i spent on the first pair?

2007-12-01 01:29:23 · 9 answers · asked by adamc44 3

in 2007, He has bought and sold some stock & made $1700, earn $1007 interest on certificate deposit in his traditional ira, he cashed in US saving bonds & earn $1245.60 interest. He lives with me all year long. Can I file as head of household and claim him as dependent on my tax return this year 2007 ?

2007-12-01 01:17:49 · 4 answers · asked by fhjccy 1

I won 1500 on the radio and received the prize money in gift cards from Toys R Us. I had to fill out a W-9 for the radio station. How do I handle this during tax time?

2007-12-01 00:40:52 · 5 answers · asked by MrsMaltz 3