Taxes - January 2007

my ex husband does pay child support but it was court ordered no visitation. im afraid he'll try to claim the kids on his tax return and get by with it also he owes $2500 in back child support

2007-01-12 14:42:09 · 11 answers · asked by Anonymous in United Kingdom

i have a husband, two kids, i new house, and i don't work. should i pay someone or do it myself?

2007-01-12 14:19:16 · 5 answers · asked by mullicancassie 2 in United States

im not sure which route i should take when filing my taxes, i made way less than 30,000 in 2006 im married have a 1 year old and owned a house all of 2006 and my wife only worked 1 month in 2006, should i file as head of householdif i can since my wife did work for a month? can i qualify for earned income credit? can i file head of household and get earned income credit? whats the difference and can we still file either one as a filing jointly? also if i decide to do the head of household (if you guys think thats the way to go) is that possible to do on an online tax service like taxslayer.com which lets you file for free if your military which i am, im just confused on wether i should do it online since its free or blow 100 bucks at a taxpreparer when i think i have a pretty straight forward tax filing. how do you guys think i should file and were? i really really appreciate your responses in advance.

2007-01-12 13:53:45 · 7 answers · asked by mite53 1 in United States

i work a full time job and take care of my mother, who lives with me, doesn't work and isn't disabled. i have been doing this for the full year of 2006. can i claim her as a dependent on my w4 tax form?

2007-01-12 13:18:04 · 5 answers · asked by Anonymous in United States

Last year Rattner Robotics had $5 million in operating income (EBIT). The company had net depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate was 40 percent. The company has $14 million in current assets and $4 million in non-interest-bearing current liabilities; it has $15 million in net plant and equipment. It estimates that
it has an after-tax cost of capital of 10 percent. Assume that Rattner’s only noncash item was depreciation.
1. What was the company’s net income for the year?

2. What was the company’s net cash flow?

3. What was the company’s net operating profit after taxes (NOPAT)?

4. What was the company’s operating cash flow?

5. If operating capital in the previous year was $24 million what was the company’s free cash
flow (FCF) for the year?

6. What was the company’s Economic Value Added (EVA)?

2007-01-12 13:06:54 · 4 answers · asked by **LIBERTY** 1 in Other - Taxes

2007-01-12 13:02:26 · 11 answers · asked by Andrew726 1 in United States

I only owned the house a few months, so it's a short-term gain, I assume, but it seems against the purpose of the investment rules, because my investment started with the sales contract at 15K down in 9/03. So, my investment was held over two years. It seems in the spirit of long-term gain, if within the letter of short-term gain.
Any way around the settlement date being the date the investment commenced?

2007-01-12 13:02:13 · 3 answers · asked by t jefferson 3 in United States

There are aires but no will to estate. Multiple bank accounts etc and some property.

2007-01-12 12:56:15 · 2 answers · asked by lightembracesme 1 in United States

2007-01-12 12:50:16 · 5 answers · asked by glrlong 1 in United States

What has to be done so that the american dollar can be made stronger against other world currencies?

2007-01-12 12:28:34 · 2 answers · asked by Mike M. 7 in Other - Taxes

I want to file my own taxes since I made $18k last year and paid $4500 in taxes but might not be able to since my mom is filing me as her dependant can I still get a refund back. I am 24 years old and do not receve $ from her just live under her roof ( I pay my own bills including food)

2007-01-12 12:23:29 · 7 answers · asked by chris 2 in United States

I made $18k last year and paid $4k in taxes and my parents are probably going to file their taxes with me as being one of their dependents. Can I still file taxes and will that leave me with less of a refund if they also file as me as their dependant?

2007-01-12 12:15:03 · 6 answers · asked by chris 2 in United States

Hi all, quick question for ya :) If a person owe's money from last years tax filing but has a great tax refund coming this year, will the IRS automatically deduct the negative from the credit due???? Thanks to all for answering my question !

2007-01-12 12:10:31 · 5 answers · asked by Anonymous in United States

aproximately, thanks

2007-01-12 12:04:01 · 2 answers · asked by Jazmin 1 in United States

I recently filed married filing separately claiming one child from previous marriage. My husband is going to file with the child from our marriage. Is that best option to getting a $$ refund ?

2007-01-12 11:50:16 · 8 answers · asked by edluvc 1 in United States

I work from home as a medical transcriptionist. I bought my laptop to finish my online schooling, and for work. I got it in June 2006, and started working in November. I have the reciept. The total cost, with tax, the carrying case and product protection plan, was around $1700. What I am able to claim?

2007-01-12 11:48:16 · 9 answers · asked by katfred76 2 in United States

Last year i made 4200 and paid 695 in taxes and also paid 1000 for college out of my pockets, that i think is deductible expense. Could somebody tell me how i get back???
Thanks

2007-01-12 11:38:30 · 8 answers · asked by Anonymous in United States

I made an overall $18K last year and paid $4,500 in income taxes. I do not have any expenses except my car bill which is not tax deductible. How much should I expect my refund check to be. Thanks

2007-01-12 11:18:32 · 7 answers · asked by chris 2 in United States

My bankruptcy was discharged in March and wanted to know is there a way not to give up my tax returns. My husband's hours has been drastically reduced and i'm starting school on the 6th of feb. I really would like to pay for my classes and books instead of taking out more loans. Does the court have to take both federal and state. Or is there a certain amount. Any help would be greatly appreciated.

2007-01-12 11:06:01 · 2 answers · asked by nalla 2 in United States

2007-01-12 10:45:27 · 11 answers · asked by slhsscs 1 in Other - Taxes

2007-01-12 10:29:47 · 2 answers · asked by slhsscs 1 in Other - Taxes

2007-01-12 10:23:07 · 13 answers · asked by lezlealynn 2 in United States

my daughter thinks she can file taxes at 16 and carry her daughter

2007-01-12 10:21:40 · 10 answers · asked by patricia46 1 in United States

A few months ago I recieved a letter from the IRS saying that my tax return from 2004 I had a typo in the federal tax witheld portion of the 1040 and the amount differed from one of my former employer. Now the IRS is saying I owe them $2400 in back taxes.

I was really looking forward to this years refund becuase i am sooooooooooooooooooo broke and need it ASAP. But now when I do my taxes next week I know the IRS automaticlly taxes the balance out leaving me with nothing.

Is there any ANY way at all to get around this issue. Im 27 and financially destitute. If it turns out I need to pay that $2400 I will pay it over time but not right now. Can someone give me help. And also What would a estimated refund be for someone whos single, 27 y.o, and has a business and dependents. I did some calculation and came up with $3200 but I wanted to know if other people thought that sounds right my estimated gross this year was $36,000

2007-01-12 09:58:50 · 5 answers · asked by Anonymous in United States

What is the difference between a sales tax number and a employer number? Why do I need them? What are they used for?

2007-01-12 09:57:54 · 1 answers · asked by Anayden 4 in United States

2007-01-12 09:55:39 · 3 answers · asked by SWSprWmn 1 in United States

i am efiling my taxes and i don't know what a this form is for.

2007-01-12 09:54:00 · 1 answers · asked by iAishAi 2 in United States

For Federal taxes you can get deductions if you have children, go to school...etc. But what are some deductions you can claim for state taxes?

2007-01-12 09:41:44 · 5 answers · asked by wida_slickness 1 in United States

My DH and I had an estimate done this week with HR Block , and we would like to know if any one knows about how accurate those estimates usually are, either those or the ones that you can do your self online. I'd appreciate any feed back, thanks!

2007-01-12 09:39:51 · 2 answers · asked by Anonymous in United States

2007-01-12 09:34:56 · 13 answers · asked by bruand h 1 in United Kingdom