Archive for September, 2009

 

How much should I withold for taxes when doing side work? I have a full-time job,side work will be about $32k

Tuesday, September 29th, 2009
taxes
Guest asked:


Each project will be approx $4000 (computer programming work). I have a full-time job and I’m going to do this work on the side during the weekends. Is there anyway to give the government their cut after each job? I **** trying to put money away to pay for taxes not knowing if it is too much or too little.

Could I setup an LLC and pay the taxes that way? Is there anyway to treat this seperate from my normal income taxes?

I’m not sure what the best way to handle this is.

Thanks.

 

Would there be more benefit to file taxes separately or jointly?

Monday, September 28th, 2009
taxes
ahtjina asked:


I currently file separate taxes with my husband since the mortgage is under my name only. Would I get more taxes back if i filed jointly with my husband, since we pay more taxes added up together?

 

How do I write off taxes for moving when I am paid a signon bonus that I am supposed to use for relocation?

Friday, September 25th, 2009
taxes
curious jane asked:


In my new job, I will be receiving a one-time bonus of $3,500.00. All appropriate taxes will be withheld for this supplemental income. Because some of the costs associated with my move may be tax deductible, I was wondering if I could get additional information regarding tax reporting where I could write off for moving expenses.

Any ideas would be greatly appreciated.

 

How do taxes work for winnings from online poker/gambling sites based outside the US?

Thursday, September 24th, 2009
taxes
beatzscientifik asked:


If you win $50,000+ from an online poker/gambling site based outside the US, is there any way to cash out the money without having to pay taxes? If not, can someone explain how taxes would work?

 

What is the best online tax program that you can do your 2007 taxes for free and e-file?

Saturday, September 19th, 2009
taxes
itshard2bme0123 asked:


i am looking to e-file both Indiana state and fed 2007 taxes and only willing to pay up to $10 but would prefer free!

 

What’s good about lowering taxes under the fiscal policy and lowering interest rates under monetary policy?

Friday, September 18th, 2009
taxes
kiyo-kyo asked:


What’s the effect on future inflation?

President Bush has decided to pass out tax rebates and lower the income taxes while Ben Bernanke are lowering hte interest rates on the bank borrowings.

 

How do I file my taxes as a former member of a LLC?

Tuesday, September 15th, 2009
taxes
Slim asked:


I was a former member of an LLC that owned a restaurant. The business failed, I withdrew from the LLC and the remaining 2 partners are still active, but doing nothing with the business. Since I withdrew from the business prior to year end should I be concerned about the taxes being filed for the business or does that fall solely on the remaining members? Also, how do I report the money I loss on my personal taxes? I’d love to recover some of expenses.

 

How do you calculate taxes for an inhome daycare?

Monday, September 14th, 2009
taxes
For the childrens sake. asked:


So I am running an inhome daycare and I need to figure in taxes or take out taxes. What is a safe amount to take out? I make about 200.00 per week, I am at the moment taking out 80.00 aside from that? Should I take out more? Or Less?

 

Can my wife and I still file our taxes jointly if we pay state taxes in different states?

Thursday, September 10th, 2009
taxes
Rusty C asked:


I am in the Army, stationed in Colorado. I use our home of record (Maine) for state tax deductions from my paycheck. My wife works in the local area outside of the base, and has Colorado taxes deducted from her paycheck. Can we still file jointly?

 

How do I have local taxes taken out of my paycheck?

Wednesday, September 9th, 2009
taxes
Sarah asked:


Tax time is here again, and I owe my locality money because my employer didn’t take out my local taxes. How do I go about having them take out the tax (1% of income)?
I live in Pennsylvania and work in Ohio.