 I need to stop my house from going into foreclosure due to unpaid property taxes. What do i do? |
| I ve had the house for a year now. I dont have enough paid off to apply for an equity loan. I am going through a divorce which has been the main reason why i havent been able to pay the escrow on the ... |
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 I want quit working part time to look after my children. What benefits would i get? |
| My wife works full time, We get childrens tax credit and child allowance, I have paid national insurance all my working life, we are home owners(mortgage) and no real savings.... |
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 Two accountants have now told me that I'm "self-employed." I'm looking for more opinions from PROFESSIONALS on |
Let me break down what I did for money in 2007...
Drug Studies: I donated my body to science to test out new drugs and received stipends totalling more than $18,000 for the year. I ... |
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 How much will I come out with at the end of the week? |
| If I work 31 hours a week at minimum wage, how much will I get after tax and national insurance etc?... |
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 Why are some people getting their stimulus checks early? |
here's the schedule:
Last two SSN digits:
00 through 09 May 16
10 through 18 May 23
19 through 25 May 30
26 through 38 June 6
39 through 51... |
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 Did my friend get ripped off? |
| My friend and I work at Kmart... We get paid 6.25$ per hour. In the last two weeks, we both worked 102 hours total. 60 the week before last, and 42 last week. Also, we worked on thanksgiving for 12 ... |
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 IRS.gov website? |
| I was supposed to receive the stimulate the economy ccheck today, however I haven't so I went online to the IRS website. it said that i was supposed to receive my check today also, so I tried ... |
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 DO I have to do taxes? |
| I am in college in arkansas, where i am from, and I am employed at a gymnastics studio. I get paid maybe $100 a month. Do I still need to do taxes? I dont really know how it all works or if there is ... |
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 Made a mistake when filing my taxes online...had a nightmare I was going to jail? |
| I am embarrassed to ask...because I feel like the biggest idiot / nerd. I did my taxes recently thru an online service. I had both my 2006 an 2007 W2's (as I recall from last year I needed it) T... |
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 My car died and i had to by a new one to get back and forth to work can i deduct it on my taxes? |
i drive through 5 different cities and two counties so buses weren't an option
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Additional Details
ps i live in ohio if that matters.... |
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 If I owe the IRS and can't pay, what to do? |
| I received a second notice from the IRS stating I owe them $. Friends tell me I need to get a lawyer but if had the money for a lawyer then I would have money for the IRS. I barely make enough to ... |
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 Am I eligible for the $600 tax rebate? |
| I am 21 years old and made about $30,000 in 2007. My parents do NOT claim me. I ended up having to pay $300 because I claimed 3 throughout the year. Am I eligible for getting the $600 tax rebate? ... |
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 I got married this year.How should we file? |
| I made about 60,000. My husband, a student, about 20,000. We have 1 dependent. We own a home, in my name. How should we file? Jointly, together? Please only answer if you know and also, we will be ... |
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 What would happen if the fed gave every tax payer (last 5 years) 1 million tax free dollars? |
| I have my ideas and it's better than the results of the 70+ billion fed bailout. What do you guys think of the idea?... |
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aabdullayev@sbcgloba... | What is the best way to fill out the W-4 form, if I want more money from my paycheck? |
I bought a condo, and want to write off the taxes and interest that I will pay, and wanted to know how this system works.
Additional Details
Forgot to mention, I'm married with one child(21mos). |
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sosezshe
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This is not a matter to be taken lightly, you could open yourself to a large tax burden if you do not know what you are doing. You need to contact an account who has experience and can guide you in the right direction. On April 15th, 2008, you will be glad you did.
Best of Luck |
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aladdinwa
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Claiming more tax exemptions will put more money in your paycheck, but reduce your refund or increase what you owe to the IRS at the end of the year.
. |
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slushpile reader
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You can't claim exempt unless you're elligible - its against the law. You can however claim up to 9 w/out your employer needed to report to the IRS. However, be very careful, you could end up owing a bunch at the end of the year. I'd go somewhere in the middle, maybe 5 - but truly your best bet would be to ask a CPA. |
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Lorien C
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If you want more cash, claim exempt or a ton of deductions. However, depending on your income, you may end up with a big tax bill come April. Sock some of that cash away, just in case. |
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acey5654
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Just claim like 6 or 7 dependents for a portion of the year, generally half, and then take off those dependents for the rest of the year before tax time shows up. This way all the money that you are "saving" in the first part of the year, you can use as a cushion when they start taking it all back at the end of the year. |
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kennilope
 |
get an accountant..
they do everything for you legally. |
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Judy1
 |
There are worksheets with the W-4 to calculate how many allowances you are allowed to claim. You start with one for each exemption (yourself, plus a spouse and kids if you have them). Then there are additional situations you can claim allowances for.
One is for itemizing deductions. There's a worksheet for that. Or estimate what your itemized deduction will be for the year, including your condo interest and real estate taxes, then subtract your standard deduction of $5350, or $10,700 if you're married, since that's already figured into the withholding tables. Divide the answer by $3400, and that's how many additional exemptions you can claim on your W-4 for the itemizing.
Be aware that people often think the tax benefits of owning a home are more than they really turn out to be. If your mortgage interest and real estate taxes total $10,000 and you have an additional $4000 in itemized deductions, and you're married and in a 15% tax bracket, your tax savings from itemizing would be $495 for the year. |
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turtlemaster
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Claim 2 children, and 1 spouse. |
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Pammie B
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EXEMPT! |
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