Taxes - September 2006

The vacation is supposedly worth $7k, plus $1k spending. I've done the math and if the whole thing is taxable than it's about $3200. I could buy the vacation for less than that! Is the whole thing taxed as income or just the cash portion?

2006-09-19 05:10:55 · 14 answers · asked by Jane M 1 in United States

We filed our 2005 tax returns in April, 2006. We were due refunds from both State and Federal. We have had no response to either. How do we find out if our returns were ever received?

2006-09-19 04:48:57 · 4 answers · asked by everybodysnana_4543 1 in United States

2006-09-19 04:28:16 · 4 answers · asked by jenny 2 in United States

2006-09-19 03:07:55 · 2 answers · asked by msetoe 1 in United States

2006-09-19 00:33:09 · 9 answers · asked by ksriniongc 1 in India

2006-09-18 23:46:28 · 4 answers · asked by babgrl 1 in United States

2006-09-18 22:32:08 · 1 answers · asked by Shital Ashar 1 in India

2006-09-18 22:00:08 · 1 answers · asked by ashutoshbks 1 in India

2006-09-18 20:40:38 · 10 answers · asked by sex addict 1 in United States

2006-09-18 18:30:01 · 12 answers · asked by Anonymous in United States

2006-09-18 17:05:55 · 12 answers · asked by calebrien 1 in India

I am making 15k from the sale, and I am not buying another home. Live in Raleigh, NC does that 15k get added to my income for the year and I pay regular taxes or do i pay a capital gain?

2006-09-18 15:22:52 · 5 answers · asked by Anonymous in United States

2006-09-18 14:49:12 · 4 answers · asked by Anonymous in United States

We need to change our carpet floor to hardwood floor, due to our daughter's allergy to the dust and other stuff in the carpet. Will the cost of this renovation is tax deductible? Thanks! -Betty

2006-09-18 11:29:09 · 10 answers · asked by bee 2 in United States

I was just wondering because most of the families are low or no income. Does the show cover everything? Including the taxes that would be owed?

2006-09-18 11:24:51 · 4 answers · asked by ob312 1 in United States

2006-09-18 11:22:00 · 7 answers · asked by riveted 2 in United States

My gross is $880.00 with $50.00 being pulled from that and put into a separate account and then $26.69 being pulled for insurance. I am not 100% but I think both of those are pulled before taxes. I usually net $691.45. Is this correct?

Also, I have another check that I just got, with overtime. The gross on it is $970.75. Same deductions as above. My net was only $703.60. Is that correct?

I am filing single with 0 allowances in Texas. I have been to paycheckcity.com and checked on it but its figures arent matching mine at all. I kind of wanted a second opinion before I said something to HR. Let me know what you think please. If more info is needed I will give. Thanks in advance.

2006-09-18 10:25:51 · 7 answers · asked by kozmeauxsyss 1 in United States

1. Which of the following is not consider gross income?

a) Mortage interest paid
b) taxable interest income
e) wages
d) alimony received

2. interest income is reported to the taxpayer on a form

a) 1099-R
b) w-4
c) Schedule C
d) 1099 INT

2006-09-18 09:58:47 · 5 answers · asked by Lizzeth 3 in United States

2006-09-18 08:39:02 · 14 answers · asked by Marymarci 1 in United States

I did my original return, then my dad said I had to claim myself this year, so I did an ammended return. Also since I am claiming myself, he wouldnt be able to claim my school payments, and that I could claim them.

Ammended returns take 12 weeks to process. I waited the 12 and got a notice that they needed more information regarding my payments. The statement from the school did not have a copy for the IRS. So I made a copy, and sent the original. Waited 12 more, got a notice saying that "due to heavy workload, we have not yet completed our research to resolve your inquiry." It said they needed 45 more days. I waited the 45 and got another letter that said the same thing. Waited 45 more, and got another letter today saying they need 45 more days.

If there refunds were as fast and accurate as these letters coming I would have had my refund by now.

Is there anything I can do to speed this up? I don't know what "research" they are doing, I sent them everything they needed.

2006-09-18 08:01:59 · 10 answers · asked by Anonymous in United States

tax return question

2006-09-18 07:50:50 · 3 answers · asked by gradek64 1 in United Kingdom

I'm married, filing jointly, no kids. I already know that the interest on my mortgage and student loans is fair game.

2006-09-18 07:41:56 · 7 answers · asked by MHP 1 in United States

on your tax return? If not, what percentage can you deduct? Is this the same as the recent ruling that cars donated to charity can only deduct the amount received at auction?

2006-09-18 07:21:33 · 7 answers · asked by nalashelby 2 in United States

I am trying to figure out approximately how much my tax return will be for next year. Does anyone know of any websites I can go to? Or do I just have to wait til tax time?

2006-09-18 05:51:56 · 6 answers · asked by Christina W 2 in United States

I'm looking to have Otoplasty (ears pined back) this fall. I was wondering if it is a tax write off?

2006-09-18 05:04:47 · 18 answers · asked by blt65 2 in United States

Please advise on how to estimate the estimated tax liability on short term stock sales in any given quarterly period.

For example, I computed my short term gains this period to be $1000. My Pennsylvania income tax rate is 3.07% and I fall into the 25% Federal Income Tax bracket. So, am I correct to estimate my paymet by first computing the PA state tax liability $1000 * 0.0307 = $30.7, and then to calculate the Federal liability by first subtracting state tax payment from the short term capital gain $1000 - $30.7 = $969.3 and then computing the federal liablity on this net amout $969.3 * 0.25 = $242.325?

No guesses please.

2006-09-18 02:57:45 · 3 answers · asked by Anonymous in United States

2006-09-18 01:19:50 · 6 answers · asked by siddharth f 1 in India

I have a couple of flats which are let out and generate a small income. I recently launched a small business, but things are very very slow. I will have spent about £5000 on the company which will have asets of about £1000, (the remainder, on adverts website, headed paper.... which has no value). Just wondering how teh IR would look at these losses

2006-09-17 23:46:20 · 10 answers · asked by D 5 in United Kingdom

can someone show me how to calculate FICA-SS, Med, federal and state withholds for paychecks in connecticut? and what is retro wages?

2006-09-17 22:45:15 · 1 answers · asked by Unknown 1 in United States

We live together. We are not married yet. So how many dependents should he put down on his w2 at his new job. Does he consider himself as a dependant? Also how does the answer affect his taxes? Thank you very much.

2006-09-17 18:42:36 · 4 answers · asked by TwoRedLove 2 in United States