Archive for July, 2009

 

Am I respondsible for taxes on money deposited into a bank account in my name?

Tuesday, July 28th, 2009
taxes
jar0228r asked:


A friend want me to deposit his company’s checks into my own bank account. My friend will pay me for the service. I am being told that taxes have already been paid on the money. I am concerned that he is trying to avoid something but I do not know what it could be. My friend lives in England and the money will be coming in Bank and Traveler’s Checks. I do not want to be stuck with taxes on this money.
Will my friends lives in the uk he said that i would be the only employee in the us.
and he will contact all his contacts in the us to send me the payments for his company, once the checks get cleared in my bank i keep a fee and send him the rest.

 

How do you do taxes on money made off stocks?

Monday, July 27th, 2009
taxes
Paul E asked:


I want to buy and sell stocks on a daily basis, but the people I’ve talked to said that taxes were to complicated to sell and buy daily. Is there a easy way to do taxes correctly?

 

How much refund can I get from my taxes if I only earned $5k?

Friday, July 24th, 2009
taxes
sangamania asked:


I earned about $5k for 2007.
I had my employer withhold max amount of taxes for me.
If I were to file taxes, how much refund can I receive? I heard if you earn below certain amount, you get back most of your taxes.
I am a student, my parents claimed me as a dependent. Does that affect the claim?

 

After taxes on my bonus, what vehicle will allow me to stash remainder 4 a home down payment in the future?

Wednesday, July 22nd, 2009
taxes
T M asked:


I am a single professional with income over $100 K (28% tax rate) & receiving a bonus payout this year. After paying taxes on my bonus, I want to be able to save the remainder in some vehicle for future down payment on my first home (possibly 6-9 months down the road) without incurring a larger tax penalty. Would a Roth or Coverdell IRA help me? Or is there another vehicle better suited for my purposes?

 

How does Bush’s new tax plan affect me, if i already filed my taxes?

Monday, July 20th, 2009
taxes
ChinaMan asked:


I just filed my taxes last week, and have not received my return yet, will Bush’s tax cut effect me? And if yes, do I have to refile?

 

What state has the lowest property taxes?

Monday, July 20th, 2009
taxes
James M asked:


After 20 years in the Military moving from state to state and country to country and after working overseas as a civilian for the last 10 years were ready to settle down and retire. We are now looking for a state to retire to that has low property taxes, not too cold of a climate, reasonably price homes, low crime and a city no larger than 500,000 people. We do not have any kids in school so the school system is not important to us. We lived in Texas and the property taxes are high, also lived in Georgia where the property taxes are not to bad. If we had a $250,000 home in your area what would the property taxes be?

 

Taxes?

Monday, July 20th, 2009
taxes
Dc D asked:


I’m 16 and just got my first job, what percentage of my money are taxes going to take out of my first paycheck?

 

How do i calculate the taxes i must pay from my salary?

Friday, July 17th, 2009
taxes
jalina asked:


I need to know how i calculate the taxes i must pay from my salary everyweek, for example if i earn 236.25 weekly, whats the percentage i get discount from my employer for the social security, irs tax,? Need some help quick!!!

 

How do I file taxes for my deceased mother?

Friday, July 17th, 2009
taxes
picknewname asked:


She died 12/11/06. Income was from Social Security, retirement, and an annuity. I did her taxes online for her for the last few years and she always got a refund (about $2000). Would like to file taxes and add the refund to her estate – is that allowable? Do I just file electronically as in the past?

 

How should a first time tax filer file his taxes?

Thursday, July 16th, 2009
taxes
canopy82 asked:


I’m filing my taxes or tax return or whatever you call it for the first time. What should I do?