Taxes - January 2007

I have heard that the government gives you money at the end of tax season for having a child providing that you worked that taxed year.

2007-01-05 03:15:53 · 9 answers · asked by Anonymous in United States

I know the IRS form 8332 is for non-custodial parent to claim exemption, but I have a shared custody situation and since my ex-wife is unable/unwilling to help pay for school tuition which she agreed to pay 1/2 of, I want her to legally give me the right to claim both children instead of 1 child.

2007-01-05 02:57:09 · 3 answers · asked by archimedes_crew 3 in United States

I bought a house about 4 years ago. The owner financed the house to me. I had some financial problems and was unable to keep up with the payments on the house and the property taxes. The owner told me the city filed a lawsuit against him to recover back taxes and he paid some of the taxes and added it to my balance. He took back the house and now has sold it. Do I have to pay the remainder of the taxes owed?

2007-01-05 02:51:50 · 3 answers · asked by Gabe 2 in Other - Taxes

2007-01-05 02:38:25 · 1 answers · asked by montnana neal 1 in United States

I just recently bought a honda civic hybrid and the dealership said i could have $2,000 tax credit. i want to know if i will for sure get the 2 grand back. THanks!

2007-01-05 02:35:35 · 4 answers · asked by bea_ednave 1 in United States

My bf and I started up in business last year. The people we rent our sites from want to see our accounts. I'm a whiz with Excel but I'm not sure what information they will expect to see. We are supposed to give our accountants the info regularly but haven't been sending them it. Can anyone help?

2007-01-05 02:33:28 · 4 answers · asked by flyingconfused 5 in United Kingdom

I want to claim all 3 of my children on my tax retrn this year since my husband and I have been seperated for 2 years but not yeat divorced. But, he says that since his child suport is based on him claiming 2 and me only claiming one, I have no right. Now, I was reading that I have to actually sign a gov form that reliquishes my rights to the exceptions before he can take them-which I have not- but I do have a paper from my lawyer to his that states that if he pays X dollars (which he does) than he can claim 2. This paper is not a legally filed document, just a negotiation, but I want to know if it constitutes me haven given up my rights to claim all 3 exceptions-or do I still have the right since I never signed the offical form...can anyone help?

2007-01-05 02:26:22 · 3 answers · asked by ajappe 1 in United States

My husband and i have been separated half the year. We have two kids. Should i choose...married but separate or head of household (i made more than him) Which would benefit me and the kids? Thanks....

2007-01-05 02:25:21 · 2 answers · asked by brwn_id_grl_4u 1 in United States

2007-01-05 02:24:16 · 3 answers · asked by Rizz 1 in United States

I WORKED FULL TIME IN 2006 AND AM GOING TO PART TIME IN 2007 AND BETWEEN MY HUSBAND AND ME WE MADE TOO MUCH FOR EIC BUT IF I CAN SAVE THIS YEARS RETURN TILL NEXT YEAR AND FILE WITH 2007, WE'LL GET MORE MONEY BACK THIS YEAR

2007-01-05 02:20:48 · 4 answers · asked by amanda b 1 in United States

Where can I find info on what can be considered a qualified withdrawal from a college savings account?

2007-01-05 02:17:47 · 7 answers · asked by Sivan S 1 in United States

2007-01-05 01:55:29 · 3 answers · asked by Amanda F 1 in United States

Does anyone have the phone number of the Inland Revenue should someone wish to phone them up and explain that they have a second job and will need to declare any monies earnt?

2007-01-05 01:38:30 · 6 answers · asked by Anonymous in United Kingdom

Does anyone know how many hours i'm allowed to work before it effects it? its a part time job with average of 16 hours. i've been told its up to 16 hors but also that if i work i lose all family tax as my partner also works but brings home low income.

2007-01-05 01:30:33 · 7 answers · asked by Anonymous in United Kingdom

I want to sell makeup and eperfumes and am trying to work out a business plan the problem is that i don't understand it and how it works. I get that I have to pay 17.5% tax and the buyer does so does my price have to be 17.5% higher? what happens when people claim back and what do they actually claim on please help very confused

2007-01-05 00:56:04 · 7 answers · asked by Anonymous in United Kingdom

2007-01-05 00:31:46 · 7 answers · asked by sassyone_36 1 in United States

He has full custody and they have lived with us for over the past 2 years, however i did not claim them last year. I have been their main provider for 2006 as their father has not worked, and their mother does not pay support, and hardly ever visits them (she sees them maybe one night every 6 or weeks).

2007-01-05 00:22:04 · 9 answers · asked by christina_victoria2002 3 in United States

I know it varies but I want to know roughly what percentage you pay depending on your earnings if you're self employed. Can anyone help?

2007-01-05 00:10:55 · 6 answers · asked by clairecla78 1 in United Kingdom

2007-01-04 23:32:02 · 3 answers · asked by Michael C 1 in United Kingdom

My sister returned from Seattle this xmas and was shocked at how expensive it is to live here, the price of petrol, food, dining out etc. Why do we pay so much on taxes

2007-01-04 22:20:40 · 26 answers · asked by jayney 2 in United Kingdom

for Kansas ? I know they used to take 7% from your check is it still the same ?

2007-01-04 22:10:16 · 2 answers · asked by Anonymous in United States

When you make a contribution to a charity in the name of a deseased person are you able to claim that on your taxes? It is a donation to some extent isnt it?

2007-01-04 20:56:33 · 3 answers · asked by prettygirl_80650 3 in United States

Hi... I never filed my 2005 Tax return. Long story why..I was misinformed..anyways.... In 2005 I was claimed as a dependent and according to my 1040-EZ I owe the IRS $303. But thtas only if I would have paid them by April 2006.... Does anyone know any idea how much the penalties will cost me for filing late?

2007-01-04 20:28:56 · 5 answers · asked by Terry J 2 in United States

...that states that the Federal Reserve is a legal & constitutional organization that I MUST pay taxes to?

SHOW ME THE LAW!

2007-01-04 20:00:44 · 8 answers · asked by Snitter 8 2 in United States

Is it Dec 15 or Dec 31? I need to adjust my 401 (K) contributions for the 2007 fiscal year but am not sure which fiscal year my next paycheck will fall under (I will be paid on Jan 10 for work done between dec 15-31)

2007-01-04 18:57:03 · 4 answers · asked by rnr 2 in United States

for 05-06 I filed return (saral form) in which my employer had deducted more income tax. I have not received it back yet although I have given bank details in the return.

Do I need to file any other form to get the income tax refund ?

How can I track it ?

2007-01-04 18:11:43 · 8 answers · asked by James Bond 1 in India

2007-01-04 18:09:41 · 5 answers · asked by Cortney B 2 in United States

In 2004, i and my wife filed joint returns. we are to be divorced on jan 22, 2006. i found out that few deductions were not made in the 2004 return. Can i file a amended return for 04 as a single or married but filing separately?

2007-01-04 17:43:54 · 9 answers · asked by ? 1 in United States

I started a business 6 years ago and didnt do much bookkeeping then. I used an inheritance for funding but, according to my new office manager, apparently never made any real profit - just spent the inheritance. I closed in 2006 with no revenue and lots of expenses. I still have expenses related to the business. Now I have a full time employee job and taxes withheld. With good records and real expenses, can my business loss offset my current tax liability if I show no income or losses for the prior 5 years?

2007-01-04 17:37:37 · 5 answers · asked by Anonymous in United States

Should I? We share a home, I own it. His name is not on it. The house is in SC. Does that make a difference? Thanks.

2007-01-04 17:25:08 · 8 answers · asked by TygerLily 4 in United States