Taxes - December 2006

I tried Taxact but its not for canada!

2006-12-29 03:41:02 · 2 answers · asked by nat_00420 2 in Canada

2006-12-29 03:33:37 · 4 answers · asked by sonata 1 in United States

2006-12-29 03:31:52 · 2 answers · asked by Ricky 2 in United Kingdom

My wife is going back to school for her M.B.A. Are any of the associated expenses deductible? I know tuition, but any others? Textbooks? New computer? Desk?

2006-12-29 03:30:19 · 3 answers · asked by Cardinal Rule 3 in Other - Taxes

2006-12-29 03:27:36 · 6 answers · asked by Liv's Mom 2 in United States

OK tax buffs...I've got a question that I couldn't find a clear answer to on IRS's website:

My work-related expenses (not reimbursed by my employer) for 2006 total about 2.6% of my AGI. I was reading about work-related deductions on the IRS website, and there seems to be a "limitation" of 2% of AGI to take this deduction.

What does this mean? Does it mean that your work-related expenses must total at least 2% of your AGI in order to be able to deduct them? Or can you ONLY deduct work-related expenses above and beyond 2% of your AGI? Or are you only allowed to deduct work-related expenses UP TO 2% of your AGI?

Please help...I am pretty confused. I've always used TurboTax but this year I might get some professional help!

2006-12-29 03:03:27 · 2 answers · asked by badsinger 2 in Other - Taxes

For tax pruposes, do I document miles I drive to each business account or do I document the miles from my place of business to each account?

2006-12-29 02:54:42 · 4 answers · asked by chuff0902 1 in Other - Taxes

2006-12-29 02:34:01 · 2 answers · asked by nat_00420 2 in Canada

2006-12-29 02:11:14 · 4 answers · asked by Tammi B 3 in United States

2006-12-29 02:02:42 · 7 answers · asked by smilynoony 2 in United States

IRA or 401k, donations, house mortgage interest? I am married with no dependents.

2006-12-29 01:42:31 · 4 answers · asked by qq5121971 2 in United States

I work a regular full-time job and normally file a W2 form on my taxes every year with zero dependants. This year however, I began selling designer handbags on Ebay in November and have since grossed about $10,000 more or less. With this additional income, how do I claim a return on my taxes for this. It is alot of money and I want to report it to the IRS because I dont want them knocking my door down later. Is there another form that I have to file instead or do I keep using the same W2 to file both incomes? I have no idea about this stuff and tax season is coming up so I definetly want to be prepared. Please advise! Thanks!

2006-12-29 01:25:40 · 6 answers · asked by Roselyn 2 in United States

I have taken one home loan for a house for my parents in my native place and another in my working place for myself.

2006-12-29 01:16:32 · 1 answers · asked by Dinesh k 1 in India

i donated about $160 to united way this year. i only made about $8,000. since i work pt cuz im a college student. will this make any difference in getting me a bigger tax return or should i not even bother including it?

2006-12-29 01:15:07 · 6 answers · asked by dulcetcalamity 1 in United States

2006-12-29 00:38:43 · 5 answers · asked by missy 2 in Australia

what are some things that are considered write off's? i am a newly single mother and would like to get the most from my income tax....what do i need? what are considered write off's?

2006-12-29 00:19:38 · 4 answers · asked by what2do? 2 in United States

OK before anybody just attacks me I've had a lot on the past few months including being very ill and I forgot to sort out my tax, in fact I only just remembered on Christmas when I got out of my car at my mums house and noticed my tax was way! out of date...any way my MOT has run out also....I know! I know!, but go easy I'm feeling like sh*t at the moment :(

Where do I stand legally? and what should I do? I'm trying to sort out an MOT and will backdate the tax when I get it(I'm know tax dodger) I was thinking of contacting the DVLA but I'm worried they will just slap me with a grand fine:(

2006-12-29 00:01:15 · 4 answers · asked by mr_f.methathurts 1 in United Kingdom

when you don't take that home with u , it should be how much u take home.

2006-12-28 21:50:51 · 3 answers · asked by T O 1 in Australia

2006-12-28 20:28:38 · 2 answers · asked by Dina H 2 in United States

Is there a web site? I've checked the inland revenue site but it says you need to ring them.

2006-12-28 20:09:26 · 5 answers · asked by Anonymous in United Kingdom

I am not an employee of this restaurant. I am going to court against this person and I want to show that he is not a law abiding citizen. I am 98% sure he did not take out taxes nor paid his share of social security. This man has taken advantage of my 83 year old father and I want to get him;legally.

2006-12-28 19:58:50 · 2 answers · asked by susan h 1 in United States

The school I'm applying to asks that I fill out a 'Request for Copy of Tax Return' and mail it to them. This is the generic one for all U.S. residents who pay taxes, I believe, and the school will forward it to obtain a copy of my parents' tax returns should they question the legitimacy of the form I already have filled out.

What year(s) do they want the tax returns for? I have either the option of putting 12/31/05, or 12/31/06, but my parents say they have not received 2006's yet; is it plausible that the school might want 2006's when those start getting mailed?

If it's relevant at all, this is a private high school I'm applying to. The largest portion of the financial aid application was for 2005's taxes, but they'd also like 2006's by February 9th.

Any help would be much appreciated, as all schools are closed for winter break! :-)

2006-12-28 19:28:16 · 3 answers · asked by Anita 5 in United States

2006-12-28 19:03:45 · 2 answers · asked by djclifton5150 1 in United States

I've made all my money via independent contracting and AdSense on my web sites, so it's all self-employed. I don't think I've made enough to need to file something, but I figure better safe than sorry.

2006-12-28 18:35:54 · 8 answers · asked by Anonymous 3 in United States

Is it counted as income? Do you have to file taxes on student loan funds?

2006-12-28 18:32:06 · 3 answers · asked by Anonymous in United States

2006-12-28 17:48:05 · 7 answers · asked by susan h 1 in United States

For instance, when I retire can I avoid paying state taxes on my 401k distributions by moving to Florida, which does not have state taxes.

2006-12-28 17:42:42 · 3 answers · asked by Meadowlark 2 in United States

My son (8 years old) has a custodial account. This year his investment account made more than $1600 and triggers the kiddie tax to tax the rest of the income at parent's tax rate.

Is it possible to file my child's return as an individual and not claim him as a dependent on the parent's tax return. That way, the child's return can get the $5000 standard deduction (which will be way more than his income this year).

2006-12-28 17:17:47 · 5 answers · asked by mt19991 1 in United States

2006-12-28 16:24:46 · 5 answers · asked by czarina 1 in United States

2006-12-28 16:22:19 · 9 answers · asked by cchinc_est_1984 1 in Other - Taxes