 Can I claim my girlfriend as a dependent? |
Hello
This might sound stupid but, can I claim my girlfriend as a dependent. She has been living with me the whole year, she is a student, she worked for like 3 ½ moths part time at the ... |
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 How much will I make a check getting paid bi-weekly living in Maryland and making 30,000 per year.? |
| I just began a new job making 30,000/ year. How much I will make on a biweekly check. I'm single w/o kids. I would like to have more in my paycheck rather than get a big refund at the end of the ... |
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 Can I claim money sent overseas to family as a deduction? |
| Granted, said family members do not live with me. If such money couldn't be claimed as a deduction for supporting family, can it be claimed as a deduction for charity?... |
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 Do i need all W2's? |
My wife and i are filing jointly do i need to include her w2s if i made more then her and she did not work all of 2007?
Additional Details
sorry worded it wrong she worked part of 2007 ... |
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 Do illegal Immigrants pay taxes? |
Im doing a report and thought someone would know
Additional Details
All of the websites i am seeing say that illegal immigrants do in fact pay taxes but all of these people say they don&... |
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 I see advertisements to settle back taxes for "pennies on the dollar". does this work or is it a scam? |
| i live in california, and know i owe back taxes. i'm divorced now, but my my tax filings for 2004, 2005 were messed up by my ex, and i didn't file in 2006 because i didn't want to get ... |
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 Unexpected deposit from the irs? |
| i have already recieved my income tax refund (state and federal) a couple of months ago. the other day there was a deposit in my account for several hundred dollars from the irs. could this have ... |
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 When are taxes paid with a roth ira? |
| Suppose I start a Roth IRA with money that I have saved. I have been told that interest(s) earned from the Roth is taxable, but the rest of the money invested is not taxed since I used tax paid ... |
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 What to report on stock proceeds for Tax filing? |
| I just received my 1099 from my online broker. I'm not sure what to report on gains so please help me. For simplicity, I bought stocks at $2500, and sold them for proceed of $2800. My profit ... |
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 My ex claimed our child as a dependent on his taxes though I have custody and did not give him permission? |
| I live in FL and we are seperated, but not divorced. I have two children and have custody of both. He claimed one without my knowledge or permission. What forms do I need to fill out?... |
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 My boyfreind has not done his taxes since 2004. can he get in big problems? |
| In 2004 he sold a home he bought about 20 years before. He lived in and out finally, in 2003 the renters moved out and he ended up paying the mortgage until he sold it. He has not filed in 2004. W... |
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Wendy Jean | Why is it so hard on small businesses? |
My husband and I own a residential/small commercial electrical company. We have 10 employees and 5 trucks. Besides having the cost of insurance on the vehicles, we have to pay workman's comp, payroll taxes, estimated taxes...etc. It seems like every time I turn around, I am getting another letter in the mail telling me I owe some other fee. Is there any kind of program for small businesses that will reduce the taxes, or will we just have to keep on going and pray it gets better? We are already an LLC, we were told that would give us some tax breaks. So far all I see is more bills!
We became an LLC to also keep our personal stuff seperated from our business in case of lawsuits or such. |
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Franco
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If you want to minimize your tax liabilities and and simplify your tax affairs the best thing you can do is to go and get advice from a company tax consultant. It will be money very well spent. |
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Wayne Z
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LLCs offer no tax breaks. The advantage is the legal separation from your personal items. |
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asjrb
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Take some seminars for from SBC. They are offered by local counties. At least in NJ. |
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MukatA
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Recently, I have received a form "ANNUAL MINUTES DISCLOSURE STATEMENT" FOR A CALIFORNIA CORPORATION # xxxx. It said that it "is to be replied no later than September 10, 2007." Fees required were $125.
I was confused, so I contacted a CPA. Within a few minutes I received this reply: "This is solicitation, so please ignore it. They are smart in selling, made it like govt publication."
Then I again checked the form, and it was evident to me that it was not from CA State. In short, if you receive any mail telling you that owe a fee, then double check to make sure that it is not a solicitation. |
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momofmodi
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Sorry, no tax breaks for LLC. LLC's only advantage is keeping personal stuff separate from company stuff. Good luck to you and your husband. My hubby and I just closed our electrical LLC. |
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PepsiLime
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LLC doesn't give you any better tax break than not being an LLC. No program for small businesses to reduce the taxes, just keep accurate records for all income and expenses, and if you feel you can afford it, maybe bring your information to a CPA (things have slowed down this time of year) and have her/him review it to see if you are not taking all the expenses that you are entitled to take. I don't know what state you are in, but I am a CPA in Massachusetts and would be willing to give you some free advice (just remember though, you get what you pay for) to try and help you. |
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Finance Girl
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The obvious advantage from owning your LLC is to provide liability protection, but do remember to Always seperate business transactions from personal ones.
In addition if you keep a really good book record, there are many ways you are able to deduct your business expense against your tax liabilities. Since you mentioned that you have vehicles, you might want to learn how to maximize your vehicle usage deduction. On the other hand for your employees, there are different compensation plans and employee benefit plans, which if is properly and purposely setup, could save you large amount of taxes.
This website has products regarding to business tax saving strategies: |
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coloradolivn
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You seem very driven. Wish you worked with me.
Click here for a 8 minute audio overview.
http://www.arbonne.com/company/sizzle.html |
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