Posts Tagged ‘income tax’

Bankruptcy, Multiple Addresses, and Filing Federal And State Taxes?

I need help, Please.

I lived in PA my whole life, own a home there. I lost my job 1.5 years ago, and I had to file bankruptcy in april of 2007. For the past 8 months I have been staying with a friend and working in Missouri. But my home is in PA, but been using my friends address for local employment.

My question is:

Do I file my federal and state taxes for Pennsylvania like I always have? If I do that, and on my PA forms, put down taxes that were paid to MO, or do I have to file MO only, and if I do that, PA will be looking for me for taxes? Or if I do the PA income tax, will MO be after me for a tax return?

Also, does my bankruptcy and chapter 13 payment plan affect my tax return at all?

I am in need of help. I always do my taxes myself cause I cannot afford to pay an accountant right now.

Please help.

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How can I get my $488 back from the IRS on a bankrupt 401K?

Last year the company I worked for went bankrupt. We were given a check for our 401K and told to invest it in an IRA within 60 days to avoid paying income tax, which I did. When I did my 1040 I noticed the IRS took 8 as income tax. I phoned the IRS but no luck. How can I get my 8 back from the IRS on a bankrupt 401K?

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Do you think the TAXES are fair in the United States ?

Taxes – are one of the biggest scams that the American people seem to keep falling for over and over again with any protest. The politicians propose a tax hike or make up some kind of new tax and the American people are stupid enough to pay it. Politicians love to develop new ways to make a cash cow or slush fund for themselves to have monies available for their greedy selves to do what they wish through taxation. The question is, what is our taxes really being spent on? The politicians never show you where the money went, or what they did with it. However, our government wants to know exactly how much we make as earned income, tax us on what we me, tax us again for what we buy, tax us again when someone inherits our money, and taxes again if we invest our already taxed money on America’s future through investments called capitol gains tax. Maybe, it is about time we audit our government and find out exactly what they’re spending our money on. Most likely, they wouldn’t tell us the truth anyway. If you think how much one working individual pays in taxes each and every single day, multiply that by the number of people working in America and you have an overwhelming amount of taxpayer money being handed over to the U.S. government each day. What pisses me off even more is how the U.S. government spends it.

What happens if Americans refused to work and protest 24/7 without any tax revenue going into our lovely government? Maybe that will get the politician’s attention? It is only a matter of time, people will revolt and say screw it, why even go to work anymore when Uncle same is on the take, enough is enough. Especially when our government is spending our taxpayer dollars bigtime on BS and unfairly taxing us without any regard for where our money is actually going…. Is Obama intentionally trying to bankrupt America and screw it up so bad that terrorists won’t even recognize the USA in months to come?

HOW MUCH is enough??? If you take into consideration for all of the different taxes we pay, it is equivalent to 50% + of our incomes…. taking half from each and every single person to fix the roads, to provide police and fire protection, etc. C’mon??? Our goverment got us working as slaves and you know it… the so-called super power needing to steal money from its people??? IT IS ALL ABOUT CONTROL…..

With all of the unfair taxes we pay, it is like 50 – 60% of our income. I can’t see any taxes increase, we already pay enough!!! How about we protest 24-7, not work, and not pay our governement anything, nuttin’ zilch, zero, and say come get it… what would they do? Then, maybe they will listen to the people, that’ll be change we really can see and believe in.

According to the two-faced snake Harry Reid, “taxes are voluntary”
http://www.youtube.com/watch?v=R7mRSI8yW…
so why don’t we take his advice and all get together on the same page and protest… I don’t think we will have to wait, our government will push us into this protest very soon. Look at all the States that don’t have any money, look at the infrastructure, the economy, the unemployment rate, etc. It is just a matter of time until the Government crumbles from within….by choice or not, with all businesses closed down, and no individual incomes, and no trade of goods and services anymore, , you’ll be right there protesting too.

Our politicans are scrambling to come up with other taxes so they can take our money so they can misappropriate it. Fast food tax, soda tax, how about set the clocks back tax…..
With all of the unfair taxes we pay, it is like 50 – 60% of our income. I can’t see any taxes increase, we already pay enough!!! How about we protest 24-7, not work, and not pay our governement anything, nuttin’ zilch, zero, and say come get it… what would they do? Then, maybe they will listen to the people, that’ll be change we really can see and believe in.

The wealthiest most powerful country in the world has to steal money from their citizens?????? Is this OK, is it acceptable? So much for paying our fair share, if you add up all the kinds of taxes we pay, it is at least half of our income!!!!!!!!!!!!!! And more importantly, I’d really like to see where this money is going…. Are we really FREE? Or do we pay to live in the good ol’ corrupt USA??? WE are divided and conquered slaves… lolololol.. WE PAY TO LIVE HERE…..
YOU CAN NOT COMPARE AMERICA TO OTHER COUNTRIES TAXES…. OF WHAT OTHER COUNTRIES PAY…. Ohhh, so you say we got it good,,,,, we are lucky- BS. MY GRANDFATHERS, UNCLES, FATHER, COUSINS, didn’t fight for this country so we can all be slaves!!!! The most powerful country in the world has to STEAL from their people….. very sad!!!!!!!!!!!!
Sam, all of those vital things you’ve mentioned are paid ten times over with what the people pay. Do the math… there’s a lot money being milked. Also, some Fire Departments are volunteer.

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Your thoughts on reforming the US Healthcare system?

Seeing as to how Obamacare is heavily debated and let’s be honest the GOP haven’t put a viable alternative so what are your thoughts on some reform

What should be the main goal of health reform in the US, should it Decrease the cost of health care, Improve the quality of health care, Improve the access to health care or make most Americans receive at least basic free public care. What would it be like for the US if an Australian system like the Medicare service is implemented where all taxpayers pay a 1.5% income tax levy (with exceptions for low-income earners), an additional levy of 1% is imposed on high-income earners without private health insurance. There is also a private health system where people pay for health insurance to go to a private hospital if they wish for quicker service. Bankruptcies from lack of funds to pay for medical bills is the largest reason for personal bankruptcies in the US accounting for over 60 % of all bankruptcies, while in Australia it is almost negligible.

Check out these videos for some information:

http://www.youtube.com/watch?v=ObhifImr4G8

http://www.newscientist.com/articlevideo/dn17512/30590602001-the-scientific-arguments-for-us-healthcare-reform.html

So what do you guys think?

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i need to settle my credit card debt?

i have 60k in credit card debt. i am unemployed, and have to move back in with my parents. i have 9 different credit cards, all with significant balances. at this point in my life i realize i am screwed credit wise, filing bankruptcy was an option for me, but i would rather settle my debt and only have my credit screwed for a few years instead of 10 – 15 years as would be the case if i filed bankruptcy. i haven’t been paying on my credit cards for the past 4 months or so because i couldn’t afford paying them, and i knew that i was going to settle, so instead of signing up for a debt settlement company and letting them wait for my delinquencies, i’ve decided to let them fall behind on my own. i couldn’t afford the monthly payment for the settlement at the time because i’ve lived on my own, but now, i’m moving in with my parents and will not have to pay rent, and can focus all my unemployment funds to getting out of debt. i do not want to negotiate with 9 different credit card companies on settling. i’d rather pay the 15% or so for a debt settlement company to do all that type of work, where i then can have all 9 credit cards settled with the same company, and only have ONE monthly payment where it could be paid off in 3 or 4 years. can anyone tell me a good, reliable, cheap debt settlement company, in which i can consolidate all 9 of my credit cards into one monthly payment in which i can afford? i know i’ll have to pay a little more for using a settlement company, but to me it would be worth it instead of dealing with 9 different entities, making 9 seperate payments. i just want to use a settlement company that i can trust, which will be able to bring my total debt down from 60k to around 30k (most advertise can lower your debt to 50%), where i can make one monthly payment. i realize there are fee’s and i also would have to pay back some money on my income tax, i’m looking for a company that would be the least expensive, and also one that is reliable and will not screw me over. please, if anyone can lead me in the right direction with a decent settlement company it would be greatly appreciated, thank you so much in advance for your help, thanks again.

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How does Chapter 13 Hardship Discharge affect your taxes?

I received a hardship discharge from Chapter 13 bankruptcy due to my husbands death. I am still having a hard time financially even though I work. How will it affect my Income Tax or will it affect it all?

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