Taxes - October 2006

I don't OWE any tax & should get a refund, but are there other penalties? Will I still get my refund after I finally get my return in?

2006-10-15 11:18:43 · 5 answers · asked by Anonymous in United States

2006-10-15 10:48:08 · 4 answers · asked by roberta.b@sbcglobal.net 1 in United States

My sister was working full time. She lived with my mother and the two of them co owned a home. My mother died unexpectedly and left my sister to make all the payments. she went back to work ( insurance castastorpe claims adjuster) and all the bills she was left with she became ill , due to stress, and has been diagnosed with ulcerative colites. She was hospitalized for some time. While on disability she was informed that her position was being terminated. she was offered a severance package but told either she could stay on, Without pay and disability ran out, and keep insurance or leave and take the severance package. She took the severance package and did not recieve anything for 2 to 3 months and was behind on bills. She borrowed money from family and friends to cover essential bills but fell further and further behind. she recieved her 401k money and used most of it to cover her behind bills. Is this enough to help her avoid the 10% penality and how should she file.

2006-10-15 10:36:33 · 4 answers · asked by Timothy B 1 in United States

2006-10-15 09:13:18 · 1 answers · asked by Haopei 2 in Other - Taxes

2006-10-15 07:57:16 · 2 answers · asked by usrefinance 1 in United States

e.g. If sending an amount from an account abroad to India by converting it in INR before sending.

2006-10-15 05:59:02 · 1 answers · asked by Bharat 1 in India

I live in TX, so with regards to Federal Tax, if I owner finance a piece of land, will I have to pay taxes on the amount as if it is a cash sale?

2006-10-15 05:35:34 · 6 answers · asked by Ryan 1 in United States

We pay them for misc. work done for a family business. The children are 14 and 9 and the total income for each is around $1200 for the year.

2006-10-15 04:27:34 · 5 answers · asked by RobH 1 in United States

2006-10-15 01:19:42 · 12 answers · asked by Anonymous in United Kingdom

This is the first time I have received one of these. The interest income totaled $53. I don't remember getting a check from them for this amount. I had $1,500 or so overpayments the last two years. I didn't think the IRS would pay you interest for the amount of time they had your overpayment. With as low as interest rates were around this time I wouldn't think that would add up to $53 in interest.

The description reads: The amount of interest paid to you in the calendar year shown (2005) is on an overpayment of federal tax.

$53 bucks in interest I never expected. Is this the new IRS I've been hearing about? :-)

2006-10-14 20:55:00 · 6 answers · asked by BbA 2 in United States

I was using TaxCut 2005 and the cost of living adjusted amounts for the most recently released stats (tax year 2003) below were presented to me:

National Average
Wages $67,182
Interest Income 1,465
Dividends 2,308
Taxable pensions and annuities 22,921
Unemployment compensation 4,981

How is it there are that many people with that high of:
interest income
Dividends
and Unemployment comp?

I hope there isn't someone out there with these exact amounts or there is something wrong here. :-)

Does the taxable pensions and annuities line most likely just reflect retired people?

These figures scare me.

2006-10-14 18:09:57 · 1 answers · asked by BbA 2 in United States

I filed my 2005 tax return as was getting a pretty sizable return. After calling the IRS they told me that I would have to file for 2001 - 2004 to make sure that I didn't owe them any money before they would give me the refund. I filed the taxes as they requested (for each year I had paid too much and was owed money) and they released the 2005 tax return and sent me the checks for 2003 and 2004, but received two letters saying that it was too late to get a refund for 2001 and 2002. After I called back I was told that they just wanted to have those years and file, but they would not be sending me the refunds. If they are the ones who requested me to file the returns shouldn't they send me the refunds? What can I do to get the refunds?

2006-10-14 17:20:49 · 7 answers · asked by TDC4512 2 in United States

Im incorporated in VT (LLC) and have moved to Florida. Now do I have to pay for tax on business earnings in FL or VT ? Or can I avoid paying state tax (just pay IRS) since FL has not tax..

2006-10-14 16:48:32 · 2 answers · asked by TheAshMan 2 in United States

I saved $30,000 this year after taxes. I paid $10,000 in taxes. I need to get rid of the $30,000 in my bank account before Dec 31st so I can get most of the $10,000 back when I get my refund.

What is the safest/quickest way I can write-off the $30,000? I need to be able to get this money back next year and use it for a down payment on a house.

2006-10-14 15:52:11 · 11 answers · asked by Hindu Guy 2 in United States

I work at a grocery store and I see all kinds of people. But the worst are the ones who are rude, loud, have horrible hygeine and have no idea how to act in public, and not to mention missing teeth. They have like 4 or 5 kids and they are dirty as well and rude just like their parents. They are buying steak and icecream and all kinds of good stuff with food stamps! Its not fair! There I am working hard and I can't bring home steak and stuff! How are your feelings on this issue?

2006-10-14 15:14:06 · 17 answers · asked by jkeys00 3 in United States

2006-10-14 14:45:48 · 11 answers · asked by rivera_marrero 1 in United States

8.250%

2006-10-14 13:46:15 · 5 answers · asked by ulisesdll 1 in United States

The returns were given to him over 7 months ago. I would do them myself, but he was given some info that I did not copy. I have used him or his firm for over ten years.
help.......

2006-10-14 12:24:51 · 7 answers · asked by Anthony M 1 in United States

My husband & I are thinking about doing an invitro fertilization procedure for infertility. The cost-$10,000 + and not covered by insurance. Is there any way we could write this off on our taxes? Maybe under medical expenses?

2006-10-14 11:13:37 · 3 answers · asked by susanney2000 1 in United States

2006-10-14 10:10:36 · 2 answers · asked by Augustmoon 1 in United States

I was wondering if a seasonal IRS employee is eligilbe for unemployment on the "off" months?

2006-10-14 09:50:15 · 5 answers · asked by geet840 5 in United States

2006-10-14 09:44:28 · 7 answers · asked by Joe G 1 in United States

would i get taxed more if i get paid fortnightly?

2006-10-14 09:35:51 · 10 answers · asked by hellraiza15 3 in United Kingdom

If I have a business in my home, in the US, what kind of receipts do I need to save for tax purposes? Can't I claim part of the utility bills, business lunch receipts, what about gas mileage and how should I track that? Thanks!

2006-10-14 09:34:14 · 5 answers · asked by Curious George 3 in United States

Can the VAT (value added tax) that you have to pay on goods in foreign countries be deducted on Schedule A if you haven't received a refund for it from the country?

2006-10-14 08:17:29 · 2 answers · asked by Sunnny 2 in United States

i bought a new engine for my car can i use the recipt as a right-off

2006-10-14 07:45:52 · 5 answers · asked by alex v 1 in United States

How do I sign up? Who's the best company to go through?

2006-10-14 07:23:00 · 3 answers · asked by ZeeZee or ZooZoo 1 in United States

I need to find a GOOD Staff Accountant in N.NJ. CPA would be a plus. Besides the job boards, can anyone recommend any other groups, networks or resources that might put me in touch with them? Any Big Four groups would be perfect.

2006-10-14 06:26:41 · 3 answers · asked by Dave 5 in United States

2006-10-14 06:15:44 · 3 answers · asked by basilgreek 2 in United States

I won a good prize in the georgia lottery, but if I cash the ticket in, the lottery office will deduct 33% of it to taxes and that's too much. Is there a way I can get around it and pay less taxes. I thought to get my grandpa who 91 to cash the ticket. Since he's a veteran could he be tax exempted ?

NOTE: The best answer will be rewarded $5,000. A check will be sent to his/her mail address. I mean it, if I say it I do it.

Thanks in advance.

2006-10-14 06:10:43 · 14 answers · asked by Anonymous in United States