Britain confronts debt of Greek proportions

Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes

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How do I claim a tax return the money that I’ve made on eBay?

Roselyn asked: I work a regular full-time job and normally file a W2 form on my taxes every year with zero dependants. This year however, I began selling designer handbags on Ebay in November and have since grossed about $10,000 more or less. With this additional income, how do I claim a return on my [...]

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What will you be doing with your tax return?

Cody B asked: Well its that time again, taxes! Some will be paying, yet more will be getting a tax return. What are your plans to do with your tax return 2009?

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Can an amended tax return be filed to remove a dependent so that the child can be used on someone elses taxes?

smithtyler68 asked: My ex never submitted a tax return for tax year 2000. I did and used our children on my return. It would help them more than it would hurt me to use two of our children on their return. Can i do an amended reutn and remove the two kids from my 1040 [...]

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What are the tax filing requirements for a final return?

QueAndAy asked: What are the tax filing requirements for a final return? A spouse of a friend of mine passed away this year. I believe that last year, they filed under the status of Married, filing jointly. From what I’ve read from the internet and Yahoo Answers (thx!) that she can probably file again as [...]

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I just started my own s-corporation. How much tax should I be holding out?

cheryann asked: I pay myself a salary each week from my weekly gross earnings and want to make sure that I am holding back enough to cover taxes. I am currently pay myself 2/3 of the gross each week and put the other 1/3 into an account for tax purposes. I am an independant clinical [...]

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What is the Amount of Income Required To File a Tax Return?

John asked: Hi, (1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single [...]

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Where can I find a comprehensive list of all possible tax deductions for a sole proprietor S corporation?

gokesemail asked: As the sole proprietor my corporation is finally growing but I know I will owe enormous taxes if I dont take advantage of deductions available to S corporations. I would appreciate any suggestions. Thank you.

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I need tax advice on a corporation vs llc taxes?

Kaily K asked: I’m debating on a corportation or llc. My business will profit less than 50,000per year and I would like to now what taxes are involved. Can anyone give me advice and tax rates. Thanks!

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Can making your home based business a Corporation give you a tax break?

MES asked: If anyone knows anything about taxes can tell me if I am self employed with a home based business and file it as a Corporation, can this help me in any way on my taxes. If yes, please explain. Thanks

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