Stop42Colorado » Tax Questions http://www.stop42colorado.org Taxes in Colorado | Colorado Tax Tea Party | Colorado Jobs| Colorado Homes Wed, 31 Mar 2010 08:34:14 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 How much do Americans actually spend on taxes? http://www.stop42colorado.org/how-much-do-americans-actually-spend-on-taxes/ http://www.stop42colorado.org/how-much-do-americans-actually-spend-on-taxes/#comments Wed, 10 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/how-much-do-americans-actually-spend-on-taxes/ Consider sales tax, gasoline tax, cigarette tax, alcohol tax, excise tax, etc. Give a real answer!!!!!! Oh, and state tax, Texas doesn’t have, but we make up for it taxes on everything else. A real answer about what we pay in taxes?

]]> http://www.stop42colorado.org/how-much-do-americans-actually-spend-on-taxes/feed/ 3 How can Obama "give a tax break" to people who don’t pay taxes? http://www.stop42colorado.org/how-can-obama-give-a-tax-break-to-people-who-dont-pay-taxes/ http://www.stop42colorado.org/how-can-obama-give-a-tax-break-to-people-who-dont-pay-taxes/#comments Tue, 09 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/how-can-obama-give-a-tax-break-to-people-who-dont-pay-taxes/ Obama’s tax break for 95% of people includes 40+% of people that do not pay taxes. Plus he is not planning to extend the Bush tax cuts, therefor increasing taxes on 49% or tax payers.

]]> http://www.stop42colorado.org/how-can-obama-give-a-tax-break-to-people-who-dont-pay-taxes/feed/ 4 How do we file taxes for my brother who died in 2007? http://www.stop42colorado.org/how-do-we-file-taxes-for-my-brother-who-died-in-2007/ http://www.stop42colorado.org/how-do-we-file-taxes-for-my-brother-who-died-in-2007/#comments Mon, 08 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/how-do-we-file-taxes-for-my-brother-who-died-in-2007/ My brother died in May 2007. He left behind a 2 year old daughter who lives with my parents who have guardianship of her.
Do they:
1. File their taxes as usual and claim my niece on their taxes as a dependent? or
2. File taxes on behalf of my brother and claim her on his taxes? or
3. Do they even need to file taxes on his behalf?
We’ve tried looking online on the IRS website and can’t find anything pertaining to this situation.

Any suggestions?

]]> http://www.stop42colorado.org/how-do-we-file-taxes-for-my-brother-who-died-in-2007/feed/ 12 If i paid corporate taxes out of my pocket, is it deductable? http://www.stop42colorado.org/if-i-paid-corporate-taxes-out-of-my-pocket-is-it-deductable/ http://www.stop42colorado.org/if-i-paid-corporate-taxes-out-of-my-pocket-is-it-deductable/#comments Sun, 07 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/if-i-paid-corporate-taxes-out-of-my-pocket-is-it-deductable/ I was a officer in a corporation. I never received any pay. When the corporation when bankrupt it owed sales tax and withholdong taxes. I had to pay these taxes out of my pocket. Are these taxes deductable from my federal taxes.

]]> http://www.stop42colorado.org/if-i-paid-corporate-taxes-out-of-my-pocket-is-it-deductable/feed/ 3 How do I file taxes for money I made in Idaho, if I reside in California? http://www.stop42colorado.org/how-do-i-file-taxes-for-money-i-made-in-idaho-if-i-reside-in-california/ http://www.stop42colorado.org/how-do-i-file-taxes-for-money-i-made-in-idaho-if-i-reside-in-california/#comments Sat, 06 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/how-do-i-file-taxes-for-money-i-made-in-idaho-if-i-reside-in-california/ I am completing a 3 month internship in Idaho, but will return to California upon completion. What is the best way to file taxes? Idaho’s state taxes are actually higher than Cali, so I would like to avoid them. Someone else mentioned they are just having their taxes withheld by their originating state, Is this possible? Of course, I would like to have the least taxes taken out, so if there is anyway I can pay only California taxes on the money I would love to know how?

]]> http://www.stop42colorado.org/how-do-i-file-taxes-for-money-i-made-in-idaho-if-i-reside-in-california/feed/ 6 Pay more taxes if you live work in different states? http://www.stop42colorado.org/pay-more-taxes-if-you-live-work-in-different-states/ http://www.stop42colorado.org/pay-more-taxes-if-you-live-work-in-different-states/#comments Fri, 05 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/pay-more-taxes-if-you-live-work-in-different-states/ My fiance and I live in Nebraska, he works in Iowa. I have heard that he has to pay taxes in both states. Is this true? If so, will the credit issued for payment to one state equal the additional taxes paid to the other state? Will he wind up paying more combined taxes, than if we just lived in the same state he works in? We are not yet homeowners, but when we do buy, will the deduction for our mortgage interest in Nebraska be credited toward the taxes owed in Iowa?

]]> http://www.stop42colorado.org/pay-more-taxes-if-you-live-work-in-different-states/feed/ 4 Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes? http://www.stop42colorado.org/is-the-sales-tax-i-paid-on-a-vehicle-purchase-in-texas-deductable-from-my-federal-income-taxes/ http://www.stop42colorado.org/is-the-sales-tax-i-paid-on-a-vehicle-purchase-in-texas-deductable-from-my-federal-income-taxes/#comments Thu, 04 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/is-the-sales-tax-i-paid-on-a-vehicle-purchase-in-texas-deductable-from-my-federal-income-taxes/ I recently became a Texas resident and paid sales tax to Texas on a car I purchased. Is that state sales tax deductable from my federal income taxes (Texas has no state income tax)?

]]> http://www.stop42colorado.org/is-the-sales-tax-i-paid-on-a-vehicle-purchase-in-texas-deductable-from-my-federal-income-taxes/feed/ 5 Can taxes from my groceries receipts be included when I file my tax? http://www.stop42colorado.org/can-taxes-from-my-groceries-receipts-be-included-when-i-file-my-tax/ http://www.stop42colorado.org/can-taxes-from-my-groceries-receipts-be-included-when-i-file-my-tax/#comments Wed, 03 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/can-taxes-from-my-groceries-receipts-be-included-when-i-file-my-tax/ I heard from other people that they itemized all the receipts from groceries and other items that has taxes on them and they include this when they file their tax. They don’t own businesses so I don’t get how they can do this. Is there a separate form that I can fill out to include all my expenses that has taxes on them?

]]> http://www.stop42colorado.org/can-taxes-from-my-groceries-receipts-be-included-when-i-file-my-tax/feed/ 3 What taxes should be considered when moving to a new area? http://www.stop42colorado.org/what-taxes-should-be-considered-when-moving-to-a-new-area/ http://www.stop42colorado.org/what-taxes-should-be-considered-when-moving-to-a-new-area/#comments Tue, 02 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/what-taxes-should-be-considered-when-moving-to-a-new-area/ I am trying to compose a list of the important taxes/expenditures to think about when moving. I am going to use the list as a way to compare the different cities/states that my wife and I are interested in moving to.
1. Can you think of any more?
vehicle tax
property tax
school tax
local tax
vehicle inspections
income tax
sales tax
any environmental taxes/costs
estate tax

2. Can you name a place that is low in most of this categories?

Thanks
Could you name some more state examples? That was very helpful.

]]> http://www.stop42colorado.org/what-taxes-should-be-considered-when-moving-to-a-new-area/feed/ 1 When making estimated tax payments to the IRS, do I need to include an amount to cover self-employment taxes? http://www.stop42colorado.org/when-making-estimated-tax-payments-to-the-irs-do-i-need-to-include-an-amount-to-cover-self-employment-taxes/ http://www.stop42colorado.org/when-making-estimated-tax-payments-to-the-irs-do-i-need-to-include-an-amount-to-cover-self-employment-taxes/#comments Mon, 01 Feb 2010 08:50:20 +0000 http://www.stop42colorado.org/when-making-estimated-tax-payments-to-the-irs-do-i-need-to-include-an-amount-to-cover-self-employment-taxes/ I am a self-employed consultant as of this year, so I am responsible for both income and self-employment taxes. If I cover all income taxes due with estimated taxes during the year, but do not include funds to cover SE taxes until I file in 2009, will it appear on my filing next April that I have under-paid, incurring penalties and interest?

]]> http://www.stop42colorado.org/when-making-estimated-tax-payments-to-the-irs-do-i-need-to-include-an-amount-to-cover-self-employment-taxes/feed/ 3