money blog

Do you find what you need? Look here!
Question: Do you have to get you taxes readjusted after a home improvement?
Lets say you finish your basement or add a bathroom, this adds value to your house. Taxes are partially based on the value of your home right? How does this work? I live in NY if that helps but in general what happens?

Read the rest of this entry →

These are useful and collceted by Anne!
Q&A: If you sale items on Ebay are you suppose to claim them on your taxes?
I sale a small portion of used house hold stuff on ebay from time to time. Am I suppose to claim this on my taxes.

Read the rest of this entry →

Anne edited the following
Question: What form does my employer need to give us for self employment taxes?
My brother owns a small business, and we are all considered self employed contractors. Now that it is tax time, he asked me what form of W-2 he needs to give all of us (about 8 people), so that we may file our taxes as getting wages from him. I have no idea where to start, the Irs website offers a lot of information, except I don’t really know what I am looking for.

Read the rest of this entry →

Do you find what you need? Look here!
Q&A: How do I mix self employment taxes with normal taxes?
I am self employed and made enough to have to file taxes on that (,000) but I also worked jobs for employers and made less than ,000.

Read the rest of this entry →

These are useful and collceted by Anne!
Q&A: why can I not claim ,000 home improvement on my Taxes this is money spent from money that was claimed made?
If this is money that I had to claim as made and I made a home improvement I don’t understand why it is not a tax deduction!

Read the rest of this entry →

Hi,my name is Anne,I did the following:
Question: Hey, I have a question about taxes on Savings Bonds and Stocks.?
I recently cashed out some Stocks and Savings Bonds and was wondering how much I had to save for taxes. I cashed out ,750 in Savings Bonds and ,500 Stocks. I’m gonna file single and no taxes have been paid on any of the stocks or bonds and this is for 2007. Is it still 10% up to 25 then 15% on the rest? If that is my only income in 2007 am I right that I’ll owe roughly ,300 for 2007? Doesn’t have to be exact just making sure I save what I’ll need to pay for taxes so I won’t be in debt. This is the 1st time I’ve messed with stocks and bonds (Oh yeah, They were EE bonds) and not sure about taxes on them. Thanx

Read the rest of this entry →

Anne edited the following
Question: will my husband have to use his uncles name for his self employment taxes ?
my husband acts as a personal aid 2 his elderly uncle and wants 2 claim what he makes as self employment but his uncle said no if he has to use his name on the tax forms so my question is that if he files will he have 2 use his uncles name on his tax forms?
my husband is willing to pay any taxes owed on it he just wants to file for self employed
he wants them 2 take the taxes out on him when he files

Read the rest of this entry →

Do you find what you need? Look here!
Q&A: how much i owe for self employment taxes?
i will file for 1099-Misc with an income of 5426.37 last 2008. How much self employment tax I owe? Also, I am married but will file separately and i have a two year old dependent. Do I get any stimulus check or refund for this?

Read the rest of this entry →

Anne edited the following
Question: When do I have to pay my self employment taxes??
when do i send the money for my self employment taxes???
So i still have time to save up money for this years taxes(ending on December) right
i mean i could send it like in mid February so i don’t have to send the money on right away on January

Read the rest of this entry →

Do you find what you need? Look here!
Question: If self employment income is less than standard deduction, do we still owe taxes?
The wages for self-employment (1099) are less than the standard deduction for 2009, and taxes were already taken out of the W-2 portion of our wages–so the only thing that hasn’t been paid is the self-employment part. If this is less than ,500, do we still pay taxes on it even if everything added together (W2 and 1099) is greater than the standard deduction?

Read the rest of this entry →