Taxes - October 2006

So I am trying to figure out this whole "deductions" thing. Does it mean for instance I pay roughly $3,700 a year in taxes. This year i have donated about $2,000 worth of stuff to goodwill due to a move. I have over 10,000 in medical bill payments. And a few other things that determined a deduction I moved 3000 miles to take a new job. So if I paid $3700 in taxes and have $12,000 in deductions does that mean I am guaranteed by the IRS to get all of my $3700 back that I have paid them? I went to a tax services website H & R block and typed in some hypothetical numbers and when I choose to itemize to show my deductions my return was almost $1000 less than if I used the Standard Deduction why is that?
Thanks in advance for your answers!

2006-10-16 07:37:48 · 6 answers · asked by ncblkgy 3 in United States

2006-10-16 07:32:58 · 9 answers · asked by Big Sis 2 in United Kingdom

My husband and I just bought our first home, we weren't given the option to have an escrow account included with our mortgage company. We were told that taxes are due on or before January 31st. So we have to pay all taxes and insuarnce before then, right? Or does anyone know if we can have them take all of this money from our income tax return?Or does anyone know how you can file taxes without a W2, with just an LES maybe? My husband is in the Army, and his W2's aren't realesed to him until the (almost) end of February. Please help, this is very important. To me at least.Thank you all for any help, or any info you can give.

2006-10-16 06:56:19 · 6 answers · asked by beccadynn420 2 in United States

2006-10-16 06:30:56 · 5 answers · asked by judyp91 1 in Other - Taxes

see i only worked three months this year am i able to file for taxes for next year? i was getting 7.50 hr if that help let me know ASAP please i need to know .

2006-10-16 06:18:27 · 8 answers · asked by carman752042001 1 in United States

Generally people all over the globe avoid government taxes. Why? Please explain.

2006-10-16 06:09:20 · 6 answers · asked by TANISH 2 in United States

Including federal and state taxes, what percentage of tax would some earning, say, $90,000 per year pay?

2006-10-16 05:20:31 · 3 answers · asked by The Golden Child 1 in United States

I'm thinking of selling shares that I've held for more than a year. What's approximately the capital gains tax I might pay in the US? Any thoughts?

2006-10-16 03:59:25 · 4 answers · asked by Big_Dad 1 in United States

My boss is currently not taking taxes from my checks. He said he will do this for 3 months...How is this going to affect me with taxes at the end of the year??? I only make about 25,000/yr. so would it be in my best intrest to have him take them out asap? I also have a dependant if that matters at all and I attend college. Thanks for the help to anyone!

P.S. Cus I know how these politicians and attorneys work with their sneaky ways....

2006-10-16 03:24:48 · 10 answers · asked by jc207 2 in United States

I am newly shifted to US for company assignment. I have $50000 salary per annum but I dont know what would be my tax. I am single and currently working in MO state. I have no dependant.
Can someone guide me what will be my taxable income and tax. ?

2006-10-16 02:14:11 · 4 answers · asked by Bad_Boy 2 in United States

2006-10-16 01:49:32 · 4 answers · asked by parveen s 1 in India

2006-10-16 01:35:36 · 1 answers · asked by Bala 1 in India

I lost 4 years of w2's in hurricane & need copies! & cant rem all

2006-10-16 01:24:06 · 3 answers · asked by Grin 1 in United States

2006-10-15 23:24:50 · 9 answers · asked by gaby_ro_2004 1 in United States

2006-10-15 22:00:31 · 1 answers · asked by hope 1 in India

This is for my personal taxes filing for 2005 (Federal and New York State). I wasn't ready for the April 15, 2006 deadline so I filed an extension, allowing me to file my taxes by 10/16/06. I'm still not ready to file, but I will be ready to file my taxes in about a week from now (after the deadline for the extension). What will happen? Will I be fined, or worse, or what? I've never had this happen before, so I hope someeone can give tell me what the IRS does to people in my situation. Thank you.

2006-10-15 19:52:58 · 12 answers · asked by needhelp 1 in United States

2006-10-15 17:58:12 · 2 answers · asked by mr.longshot 6 in Germany

2006-10-15 17:51:42 · 6 answers · asked by John A 1 in United States

2006-10-15 16:52:43 · 5 answers · asked by Cris 1 in United States

2006-10-15 16:42:55 · 1 answers · asked by THOMAS M 2 in United States

Refi home mortgage

2006-10-15 16:22:08 · 4 answers · asked by klmita 3 in United States

If you win some money, how can you reduce the government tax? I would like to pay off some of my mortgage.

If you donate to Charity, can you can money back during tax refund?

2006-10-15 15:16:42 · 4 answers · asked by cmachiela 2 in United States

2006-10-15 15:16:00 · 2 answers · asked by Anonymous in United States

2006-10-15 14:39:52 · 4 answers · asked by geoffrey m 1 in United States

2006-10-15 14:13:50 · 1 answers · asked by pavel a 1 in Other - Taxes

My question refers to antiques, artwork, and jewelry (loose stones) that may or may not have significant value. My mother owns a lot of Asian art that may total in value anywhere from $10,000 total to potentially $300,000, but, not having been appraised, nobody knows at this point. When my father was alive, he loved to just collect art and jewelry from his travels, not as an investment, but just as someone who loved to collect things. When my Mom passes away, is there any need for me to "declare" anything...or even inform the IRS about any of this artwork? Some would suggest a Trust, but frankly, nobody has time or energy to have this art appraised, etc. now. I don't even see this as necessary because it seems like I could simply 'take possession' of this completely undeclared/unvalued artwork. Is there a flaw in my thinking? What are some risks or recommendations? I guess I am not aware of where the IRS's "radar" lies with assets such as these undeclared, unappraised items.

2006-10-15 12:56:33 · 7 answers · asked by marsh511 1 in United States

2006-10-15 12:48:06 · 3 answers · asked by agenov2000 1 in United States

2006-10-15 12:28:12 · 5 answers · asked by handperc222 1 in United States

I filed in 2005, claimed my 2 kids and wife as dependants. Lately, I was told that since I claimed my wife as a dependant, and didnot file as" married filing jointly", my status is not right.Is it true? My wife never worked, should I file amended return and make the status change, or it doesn`t matter. Thanks for help.

2006-10-15 11:56:48 · 5 answers · asked by wiseguywisedude 3 in United States

my husband owns his own business and is up to his ears and past with all kinds of debts, including taxes. I heard there is a form I (his wife) can file that says I have no control or knowledge of how he is conducting his business. Any advise would be greatly appreciated. Time is important. thank you.

2006-10-15 11:55:02 · 5 answers · asked by sunridertravel 1 in United States