Taxes - January 2007

I usually claim exempt for the first 6 months.

2007-01-11 13:02:13 · 9 answers · asked by Anonymous in United States

I am a 23 year old male, that will file at independent. I did not file my taxes for year 04 and 05. I filed for extensions in those years, but I am obviously overdue on the extension. The IRS would have approximately owed me $1500 for both years. I have capital gains in both years (1099) and I will file for the Hope Tax Credit in one year and the Deduction (I forget the name) in another.

1. Can I choose the year I file the Hope Tax Credit? I know that I can select two years, but I want to choose 05 because I have a larger payment to school.

2. What is the quickest way to receive my refund?

2007-01-11 12:52:59 · 7 answers · asked by bo, kingpin at large 2 in United States

lender sold my mortgage to another wells Fargo, i made 1 payment to the wells Fargo in December before the year was over, my question, do i combine the interest from both lenders on the tax form together or is there another way that this is to be done on the tax form !!!!!!

2007-01-11 12:52:04 · 7 answers · asked by robert n 1 in United States

unpaid student loans

2007-01-11 12:46:10 · 4 answers · asked by blog 1 in Other - Taxes

I often go to vegas and generally play the slots. I come with cash wihich I remove from an atm, so how can I prove that I lost that money gambling? I just learned that I can claim them on my taxes but I don't know how to keep track of the money I spend (lose).

2007-01-11 12:42:08 · 7 answers · asked by mudd 2 in United States

Her birth date was sep. 12,2006

2007-01-11 12:38:04 · 5 answers · asked by needs help 1 in United States

still it shows nothing except the amount of my refund. I am hoping someone in answers is an employee and they can tell me what is going on. I used taxcut and have done so for the past 2 years with no problems. any ideas or solutions?

2007-01-11 12:12:51 · 3 answers · asked by starla 3 in United States

staying in new jersey and married.

2007-01-11 12:06:29 · 3 answers · asked by sarath_reddy54 1 in United States

2007-01-11 12:06:10 · 5 answers · asked by tiamail30 1 in Other - Taxes

2007-01-11 12:00:52 · 7 answers · asked by Anonymous in United States

im in stockton,california

2007-01-11 11:58:52 · 5 answers · asked by Anonymous in Other - Taxes

I have TurboTax from last year and wanted to know if I need to buy the new one or will the old one still do the trick?

2007-01-11 11:54:31 · 9 answers · asked by Carlos S 1 in United States

2007-01-11 11:52:53 · 7 answers · asked by thejokker 5 in United States

Ok so tax time is right around the corner and my husband and I are separated no papers have been filed. Our son is staying with me and I am taking care of him and paying for his living expenses by myself. How do I file taxes now? Do i filed as married but separated and claim my son? what if he does the same thing will we get in trouble? HELP this may sound bad but i deserve the tax money i have worked and paid for our son all along and now i am the sole provider for him.

2007-01-11 11:48:47 · 3 answers · asked by Samantha 3 in Other - Taxes

I am a single mom so I know I qualify for the EIC.I just dont know if I will owe anything since I made over 10,000.00

2007-01-11 11:30:54 · 8 answers · asked by swanlbby 3 in United States

2007-01-11 11:26:07 · 15 answers · asked by Anonymous in United States

I came across this website offering free tax software to prepare your tax return for free. It even claims that you can e-file for free. I've always used TurboTax and paid for the software and to e-file. Has anyone ever used this software? Is there a catch?

https://www.taxactonline.com/s_online_tax2006/introduction/free_taxact.asp?&t=6354.116&t=1417.596&t=65763.79

2007-01-11 11:20:25 · 7 answers · asked by tma 6 in United States

I have a regular job with the regular salary I budget myself on and already received a w2 from my employer.

In 2006, I took some extra retail work throughout the year to supplement my income....for about 1,500, 200, and 400 in each job, so about $2,100 total. Do I need to claim this income since it is in addition to my regular salary, even though combined it is under $3,000?

If I file without them, can I amend my return later? Is this a big process to do so?

Thank you

2007-01-11 11:16:07 · 6 answers · asked by Anonymous in United States

I had an early distribution of my 401k. When it was distributed, the company said that I could elect to have all the taxes and penalties taken out at the time of the distribution instead of waiting until tax time. I had them do this, but now I'm wondering what do I put on my taxes? Do I claim it still even though I was already penalized? Is there a special form?

2007-01-11 11:06:51 · 5 answers · asked by trixie 2 in United States

My hubby and I were separated at the end of 2005. We got back together in March 06 when he got hurt. He has very little income (2 months). What would be the best way to file this year? Can we still e-file since I love getting my money right away? Please help. Any advice would be greatly appreciated.

2007-01-11 10:50:10 · 5 answers · asked by eharrah1 5 in United States

we get child benefit and child tax credit and have one child we are planning another child can anyone tell us what if any other money we are entitled to

2007-01-11 10:42:37 · 2 answers · asked by petal 2 in United States

2007-01-11 09:58:34 · 7 answers · asked by rayeraye23 1 in United States

2007-01-11 09:43:23 · 5 answers · asked by hachem34 1 in Other - Taxes

For example, say a business bought an asset that cost $100,000 and it has an economic life of 10 years, does that mean the business gets to write off $10,000 a year for 10 years in taxes, or am I understanding it wrong? Is there a limit to how much a business can write off in depreciation? Thanks

2007-01-11 09:38:33 · 8 answers · asked by BigE 3 in United States

I was.. cleaning houses for a small company who didn't take taxes out of my check each week. She said I was 1099 ?? How do I file ?

2007-01-11 09:27:43 · 3 answers · asked by eddymylv 1 in United States

2007-01-11 09:02:44 · 2 answers · asked by Rockinrobin 3 in United Kingdom

This is the first time my fiance and i are filing our taxes.We have a 8 month old girl and are skeptical about how we should file so that we get the most out of our taxes.He made more then i did this past year,so my question is:Should we file joint or should he claim her as dependent alone.What do you think?Thanks Lisi

2007-01-11 08:59:16 · 15 answers · asked by CapricornQueen 1 in United States

can we both file head of household as we both have qualifying children?

2007-01-11 08:58:49 · 7 answers · asked by amyjake7 1 in United States

tax

2007-01-11 08:57:58 · 11 answers · asked by jbizzle 1 in United Kingdom

I was wondering if i could claim my brother and sister in law as kids cuz they are both age before 15 and I watch them all the time and pay the school tuiton sometimes and the parents can't claim them cuz they dont do taxes so i was wondering if i could they kids eat and stuff here 5 days out of the week any problems do u think i could claim them

2007-01-11 08:51:22 · 3 answers · asked by leahssweetie 1 in United States