Taxes - December 2006

I left my husband before Dec. 1st. Can he file taxes this year and claim my son, and myself on his tax returns? Is there any way I can alert the IRS that he may be attempting to claim people who aren't his dependants? Is this tax fraud?

2006-12-27 04:55:09 · 12 answers · asked by reikagoth 2 in United States

I bought a car this year (used) and paid all the registration, loan processing, license, tire and a whole bunch of other taxes and fees.

Are any of these qualify for a tax write-off? Thanks.

2006-12-27 04:27:19 · 6 answers · asked by insurancelawcase 1 in United States

I am a stay at home mom in school and my husband works will we get some money back for me being in school

2006-12-27 04:26:39 · 4 answers · asked by Anonymous in United States

I am a stay at home mom in school and my husband works will that count towards anything.

2006-12-27 04:21:00 · 4 answers · asked by Anonymous in United Kingdom

I need to take a distribution on my IRA in January and I will filing my taxes in January, also. Should I take the distribution after I file my taxes or will I have to file an amendment for 2006 tax year?

2006-12-27 03:53:38 · 3 answers · asked by chuff0902 1 in United States

2006-12-27 03:51:00 · 3 answers · asked by ming_ming_2007 1 in Australia

Are Social Sec and Medicare taxes refundable if income falls under certain condition?

Thanks.

2006-12-27 03:50:23 · 10 answers · asked by insurancelawcase 1 in United States

Forgive me if this sounds like a stupid question but:

1) Could my federal and state tax refunds be greater than the amount I paid in?

2) Doing my taxes (prelimnary) I am taking some deductions and amount is growing far past my total taxes paid for the year.

Thanks.

2006-12-27 03:46:56 · 10 answers · asked by insurancelawcase 1 in United States

If a person holds a first mortgage on the sale of an investment property, then how does the State or Federal Goverment for that matter assess the capital gains rule for payment purposes? I realize the initial amount and any improvements is deducted but I'm refereing to any amounts of profit subject to the capital gain law. Thanks for any help you can provide

2006-12-27 03:36:51 · 2 answers · asked by Jim D 1 in United States

we closed july 13th. what can we deduct? We've put in $5,000 in labor and repairs. Can we deduct that? plus our tax valuation is $14,000 more than what we bought the house for. what are the options on getting some of those taxes back? i hate taxes. why does it have to be so confusing? why isn't there a Simple list of what you can deduct without reading 150 pages of tax law?

2006-12-27 03:33:07 · 3 answers · asked by jyl l 2 in United States

2006-12-27 02:57:52 · 7 answers · asked by saluda1950 2 in United States

So the idea is to use the persons tax return as the method of payment.

I'm looking at TurboTax, etc.

Is this just a matter of the "buyer" signing a Power of Attorney?

I want the transaction to be complete at the filing stage. I do not want to have the "buyer" sign over the check.

Any known instruments for this?

Thank you all...

2006-12-27 02:44:23 · 4 answers · asked by Anonymous in United States

I actively look for properties to buy and this ear I found one, made an offer w/earnest money deposit, paid for appraisal, inspections etc. But deal fell through due to unexpected flood insurance issues. My questions are:

-Can I write-off earnest money deposit loss, appraisal fee, inspections associate with this deal which unfortunately did not materialize.

I appreciate your feedback and if you could include some tax/IRS references it would help grately.

Thanks.

2006-12-27 02:32:55 · 2 answers · asked by insurancelawcase 1 in United States

My mother in law is fixing to be 57 in March of 07 and her husband died 3 year ago as of Jan. 7th. She ad not worked previously because he had altzheimers and so she had to stay home with him. Since his death, she has gotten a job but is still barely making it. Is there any way she can get any social security from his death? Any help is appreciated!! Thanks!!

2006-12-27 02:28:03 · 4 answers · asked by BooBoo Momma 2 in United States

I own an income property (4-unit) building in another state and have to use my cell phone on occations to talk to management company, tenants, vendors, maintance, etc. Also use Internet to discuss issues with property management company etc.
My questions are:
-Can I deduct cell phone bills for 2006 as business expense?
-Can I deduct internet usage as business expense in 2006?
I appreciate if you can point to some IRS publications if possible...in addition to your answers.

2006-12-27 02:27:38 · 3 answers · asked by insurancelawcase 1 in United States

I live in Wisconsin, work full time, go to school full time and I rent. I would like to know what items are tax deductible such as:

Car repairs, food, prescription contacts, medical copay, rent, etc.

Where can I find a website that lists all this items, contains all this information and with the samples of the income tax forms so that I can calculate things before taking it to a professional? Something like Income Tax for Dummies kind of website.

Thanks!!!

Thanks!!!

2006-12-27 02:26:10 · 7 answers · asked by Kamy 3 in United States

I'm not expert on this, but the IRS nowadays lets folks write off most education expenses...am I right?

Getting my pilots license took five years and cost more than $15,000 of my own hard-earned money (I received no loans, paying entirely as I went). It's absurd that the IRS won't let you deduct a single penny of this (though, I've heard that certain flight training costs, beyond the level of commercial rating, are deductible, and was wondering if someone could comment on this).

I consider this to be a valid education expense and intend to make a career out of this one day, I don't consider this strictly as a hobby (even though I certainly love flying).

Is there any way around this ridiculous law? Or is this just one more reason for me to despise the IRS?

2006-12-27 01:41:27 · 11 answers · asked by Student 3 in United States

I know a business that has been knowlingly fileing falsy for the pass 10 years not paying taxes on hundreds of thousands of dollars

2006-12-27 01:12:34 · 6 answers · asked by reddog19074 1 in United States

I have a small buisness where i do portraits for people. Can i claim all the art supplies I buy for the buisness on my taxes and do i get that money back on my return. If not what can I claim on my taxes as part of my buisness. And what do I have to have to claim Them. I have all the reciepts of everything i've purchased so far. Thanks for the help!

2006-12-27 01:09:15 · 4 answers · asked by Christopher Robin 3 in Other - Taxes

2006-12-27 00:07:20 · 3 answers · asked by PKK 1 in United States

They took out five hundred dollars in tax instead of fifty! Who is going to fix this? I'm broke!!

2006-12-26 23:27:09 · 4 answers · asked by girl from oz 4 in Australia

I've recently bought an item of jewellery from the US but need to return it as it's not as per description. I paid £50 duty on it - how on earth do I get the duty back, or is it non refundable? Can't find anything on HMRC website

2006-12-26 20:46:41 · 2 answers · asked by Anonymous in United Kingdom

2006-12-26 19:22:07 · 4 answers · asked by flavorlicious 2 in Other - Taxes

She resides at independant Senior Citizen home but is unable to cook, clean, shower etc... Can I claim her on my tax? Management office of the center said that she's too old to be by herself and eventually will need full time care. But for now 4 days a week would be ok.

2006-12-26 19:19:30 · 4 answers · asked by sunkist 2 in United States

I know it is on previously owned property not brand new built houses, you continue to pay what you were paying despite the cost of your "new" house you can only do it once in your life time

2006-12-26 19:14:58 · 4 answers · asked by MOMOF4 2 in United States

I was asked by CCIS(child care subsidy) that I have to complete w-9 and pay my own taxes... What can I write off? can I write my rent/ car lease etc?

2006-12-26 18:20:19 · 4 answers · asked by sunkist 2 in United States

2006-12-26 18:19:39 · 4 answers · asked by rec 1 in United States

weve been living together for 3 years and i pay all the bills and she goes to college she just recently got a job with wendys about 6 months ago she dont make much but all her money goes to tuition i claim 2 on my w4 at work and make gross 2250 and net 1760

2006-12-26 17:57:30 · 8 answers · asked by whatsepultra 2 in United States

Hi, I & my spouse were working in US till Nov 2005 & we moved to india . We didnt file the taxes as we were outside US. We didnt get an extension either. Also we dont have any documentation except some payslips , no W-2. Can anyone suggest how do we proceed? Is there any way just by SSN alone we can pay the taxes?

2006-12-26 17:50:52 · 5 answers · asked by Senthil n 1 in United States

I have an IRA originally it was from a 401k, when I took this money out of the 401k I paid no interest, and recieved no penalty from taking this out since I rolled it over to an IRA. I need this money what happens if I take the money out now? What kind of fines and taxes will I pay on about $4,000?

2006-12-26 17:29:10 · 6 answers · asked by samanny 5 in United States