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 I have started being self employed in Nov 07, after working for a company, when do I pay tax?

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As a part-qualified accountant I should know, but want to check as I know that the penalties are harsh. I was under the impression that in the first year you don'...


 Didn't file taxes for past 4 years. Average pay 7000 month per year. How to proceed.?
am buying a house need income verification....


 Do I have to pay taxes I get money from credit card checks?
I cash checks from credit cards that I use and place into my free checking account. Since the money is placed into the free checking account, I do not earn any interest, but I pay interest to the ...


 Who got screwed on theTax Rebate Check? i know i did?
im an american citizen born and raised but my wife is not had to get a ITIN number to do my taxes i even called the IRS to confirm i was doing everything right. so i file my taxes mailed them out on ...


 How do you feel about council tax?
i live in a tiny flat and mine is over a £1000 this year do you feel the services we get are worth it im in the uk south east area
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thankyou to who ever deleted ...


 In bangalore what is the service tax rate?
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 Filing status?
I have been married for only 4 months in 2007, (date August 31, 2007). My new husband did not earn over $1,000 for the year, and will not file. what filing status can I use as I want to take the ...


 If federal tax witheld was 3,740 shouldnt I get that amount back, Turbo tax is saying im only getting 2,740?
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 I only made $3612.02 last year?
I don't think I will get much back in taxes, but I don't want to spend 50 bucks on the tax guy. can I do this myself? I have no detuctions? thanks for your help.
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 Can my brother claim my 2 kids on his taxes? I didnt work this year so i cant?
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 What's thepoint of small taxcuts if we have topay much more for fuel&electricity costs & a bigwar debt later?
File TWH 07142006 :spot crude hit 78$/bbl overnight and stock market is crashing while Bush43 at summit focused on foreign policy issues ignoring all the pressing domestic issues at home--esp the ...


 Is this a normal about to loose out of my paycheck?
I'm under 18 and only work at this company for 2 months out of the year, because i'm still in school. I get payed at the end of every week and the checks are constantly around 300. I am ...


 Can I claim my live-in boyfriend as a dependent if he made no money last year?
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 Do you have to pay tax on second job at the age of 16?
Well im 16 and i was wondering if i get another job, whether i would be taxed or not. Im in full time education if that makes any difference....


 Can I add a "Paid in Full" statement to my check to the IRS?
I am so sick of paying off my back taxes, particularly since I know my money is helping to continue the obscene war in Iraq. [It's also frustrating what their liens are doing to my credit ...


 When you have a debt,do you have to report it to the IRS?
My Friend own $1,167.00
Now she's wonders is she has to report that debt to the IRS?
Please i really wanna help her.
Thanks to all of you!
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Ok i got ...


 If my parents claim me!!?
Does it mean there taking half of my money...
i already did my income is there any way to fix it..
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i am 19 and i pay bills at home too.....


 My boyfriend has not filed his taxes for the past 3 years how do you file them all together?
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 W-2 Form USA?
when filing a W-2 form, in order to recieve more money on your check, should you claim more or less dependents?...


 How much will I get paid by month without tax, if my wage is 30K?
could you give more examples with contract roles for example?
20 p/h
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I was just trying to figure out the value after tax....



Anon
I just paid off 10k in credit card debt. Is there any way to write that off on my taxes?
                     
 




Wonder
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No. They removed the tax deduction for cardit card interest a long while ago. (We never could deduct the principle.)
-MM


bostonianinmo
Congrats on paying off the monster. But sorry, there's no deduction for that.


ainger452
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you may be entitled to some of it if the company had previously charge-off the account and you have had to include the charge off as income.


STEVEN F
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Even if whatever you bought was deductible, you would have had to deduct it when you bought the items. The IRS will let you write off the payments the day you declare the reduced balance as income. For those who missed my point, that would be a net change of zero to your taxable income.


Hari Om
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I don't think Credit Card debt is tax deductibles.


Barry auh2o
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Sorry. There is no reason for the IRS to reward you for fulfilling an obligation.


ninasgramma
Review the charges you paid to see if anything was deductible. Unreimbursed employee expenses, medical, education expenses eligible for a tuition/fees deduction or credit.

But interest on personal debt is not deductible.


BS
NO. Sorry dude. Congrats on paying off the cc.


mhanley13
Potentially, if you could defend that some of the charges were business related, medical related, work related, charity related...


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