Taxes - December 2006

2006-12-16 01:06:04 · 7 answers · asked by hi3 1 in Australia

My partner and I bought a home. We are both on the deed and mortgage, so who gets should claim this on taxes? Can it be split? How? Thanks for answering! Peace.

2006-12-16 00:57:44 · 6 answers · asked by scooby43215 1 in United States

My boyfriend helps pay for my house though he is not on the title, can he still write this payment off on his taxes? How does he do this?

2006-12-15 19:02:04 · 8 answers · asked by girl12 2 in United States

2006-12-15 18:14:09 · 2 answers · asked by amit c 1 in India

married or head of household?

i am filing head of household now but i might get married. would i have to pay more taxes? or would i pay less?

2006-12-15 14:32:57 · 5 answers · asked by Eva Daniel Rn 4 in United States

can i do taxes for the 06 year with turbo tax 05 perium or where can i get a free program where i can start my own business instead of investing money in to a new program

2006-12-15 13:47:39 · 4 answers · asked by mrfruity80 1 in United States

This past Sept I purchased my first home (no points, and only about $1,000 down after paying closing and taxes) I am also a part- graduate student and am working full time, I am trying to get a picture of what my taxes will be like this year.

I am 25 and un-married, so the only exemption I will take is me.

1. My Fiancee's father gave me $5,000 for the closing costs (have a gift letter), Do I have to claim this on my taxes?

2. I know nothing about the lifetime learning/ HOPe credits are these something that i can claim?

3. Can i expect a larger tax return then last year because i purchased the house? I only made 3 mortgage payments in 2006. My total gross income will be under 37k, with about 2,500 going to pension funds

2006-12-15 13:25:23 · 5 answers · asked by almatters 2 in United States

2006-12-15 13:23:36 · 17 answers · asked by Sarah H 1 in United States

Melissa owns a residential lot in Spring Creek that has appreciated substantially in value. She holds the lot for investment. She is considering exchanging the lot with her father for a residential lot in McComb that she also will hold for investment. Identify the relevant tax issues for Melissa.

2006-12-15 13:03:49 · 5 answers · asked by cntrybmpkn_95 2 in Other - Taxes

I know this can be done. I've done it before. But I forgot where? Does anyone know? Thanks. Oh and my taxes are really pretty simple still at this point in my life. I do get a return that's worth receiving but not worth spending money on someone to prepare my taxes. Thanks again!

2006-12-15 12:58:04 · 4 answers · asked by Holly 5 in United States

My husband and I are filing our tax returns separately. I have a student loan that is in default. Can my husbands refund be taken by the IRS because of my loan. This is our first year being married so I was curious. Thanks.

2006-12-15 12:29:54 · 10 answers · asked by Jesse 4 in United States

Since I'm using my company insurance benefits on my partner, I wonder if I can claim her as my dependent to avoid some 30+% of some 3+K 'worth of insurance'?
what if her father already calims her as a 'dependent', while she's actually a college student on scholarships/loans/grants?

Or put it the other way
say my annnual income is 80k while her dad is less than half of that. Would it be more beneficial for me to claim her as a dependent? or for her dad?

I live in California, by the way.

Thanks
-Victor

2006-12-15 12:18:51 · 6 answers · asked by Anonymous in United States

2006-12-15 11:25:31 · 4 answers · asked by Gone Golfing 2 in United States

2006-12-15 11:11:41 · 2 answers · asked by ae 2 in United States

I am newly employed in UK and have received my first salary, which shows a taxation of average 39% and the tax code is MTH1. Why is this so high. I have not yet filled P46.

2006-12-15 10:50:24 · 4 answers · asked by suzee 1 in United Kingdom

2006-12-15 09:43:57 · 11 answers · asked by c p 1 in United States

what would be the income tax on allowance received by an individual when he is deputed abroad by a company and is under the definition of a non resident

2006-12-15 09:38:37 · 3 answers · asked by sanj991 1 in India

Are you able to claim dependents that work part time jobs?
Is there a limit to how much the can make a year and still be able to file taxes as dependent of another? If thats not too clear here is an example:

A 16 year old that made 9k in 2005 working part time, can she/he still be claimed by the parents? and still get child credit? Also can she or he file their taxes filing as dependent of another?

2006-12-15 09:08:03 · 5 answers · asked by emjay 4 in United States

2006-12-15 08:44:53 · 4 answers · asked by Jeremy 1 in United States

or do the taxes get deducted from your paychecks? like when you claim your tips after your shift is over, im assuming they figure that amount and deduct the necessary taxes when you get paid, but im not sure

2006-12-15 07:37:16 · 5 answers · asked by Lakini926 1 in United States

I have a VA S-corp but it operates in CA. I am the sole employee but I'm befuddled by best methods to doing my own taxes. I don't want to pay an accountant thousands of dollars to do a job I could do myself, but I feel like I could waste a ton of time trying to find software that won't work for my 2-state working scenario. Also I'm interested to hear what a pro could do for me to save or make money come tax time. Does anyone have any good instructions?

2006-12-15 07:25:56 · 4 answers · asked by Karl B 1 in Other - Taxes

2006-12-15 06:40:48 · 4 answers · asked by Anonymous in Other - Taxes

I am getting married 12-31-06 and I am confused as to how I am supposed to file taxes after the marriage... Separately or Jointly? If separate then there must be a reason or you get less back and if jointly then stiill less because of my daughter. My 1 year old daughter is not his and he has no legal rights to her so won't we have to file separately? and will there be a penalty because we are filing separately because of a child that doesn't belong to the other parent? We are also getting married the last day of the year so we technically wouldn't have to file joint... correct? But then what about next year??

2006-12-15 06:34:17 · 7 answers · asked by Anonymous in United States

i live in chicago ill

2006-12-15 06:30:31 · 13 answers · asked by Anonymous in Other - Taxes

In the divorce agreement it says my husband and i will be filing seperate taxes. Not filing Married but seperate. Does that mean i can file head of household then.

2006-12-15 06:18:15 · 7 answers · asked by illusionaryrose23 1 in United States

My fiance and I have been living together since June 2005. He has been the sole supporter in the household. I am supposed to be receiving child support (court ordered) from my Ex husband but he has yet to pay a dime. I do not work, and have no income what-so-ever. I recently had a baby by my fiance in Sept 2006.
My question is will my finace be able to claim me and my 2 children from my previous marriage, as dependents on his 2006 tax return?

2006-12-15 06:00:42 · 9 answers · asked by Kat 4 in United States

who would I talk to about getting it straightened out for him and will it affect my taxes now that we are married?

2006-12-15 05:48:35 · 14 answers · asked by MsBhavn 1 in United States

2006-12-15 05:48:13 · 10 answers · asked by Nat 3 in United States

income tax number too low wants to know the correct nunber

2006-12-15 05:22:55 · 6 answers · asked by MICHAEL ARTHUR 1 in Other - Taxes

Since I purchased the house I put in a patio, finished garage, planted new grass, and some other improvements totaled $10K.

How do I report this on my taxes? As what improvement or repair? This is my primary residence.

Do I have to have the receipts to prove it? Plus I did the work myself and did not hire anybody?

How do I report and how much should be able to deduct?

2006-12-15 05:17:21 · 5 answers · asked by insurancelawcase 1 in United States