Taxes - January 2007

2007-01-04 05:53:51 · 10 answers · asked by MICHAEL D 1 in United Kingdom

2007-01-04 05:47:19 · 10 answers · asked by reddot_coa 2 in United States

My wife and I recently get married at the end of December of 2006. She doesn't work yet. Can I claim her as dependent for the 2006 tax year?

2007-01-04 05:19:07 · 10 answers · asked by heavyd 1 in United States

Hi, I changed jobs in the year 2006. So Do I have to file 2 separate tax returns for my two employers? If yes, Can I claim a standard deduction on one tax return and a itemized deduction on the other?
Any information on this will be appreciated
Thanks

2007-01-04 05:00:09 · 9 answers · asked by ASN 1 in United States

I signed up for a dependent care FSA this year. The total amount available per calendar year is $5000.00 and I chose the whole amount. I get paid weekly, so, I have $96.15 taken out of each paycheck.

My son's daycare is $145 per week. I know that I will use the $5000 prior to year end so am not worried about "using it or losing it". However, I was wondering if this is a good plan and how it will affect my child tax credits when I do my tax return next year? Also want to know if this account can also be used for my son's medical prescriptions & Dr. visits? I heard that you may not be able to if you have only a dependent care plan set up.

Do you ultimately feel the FSA is a good advantage and why?

Thanks

2007-01-04 04:55:52 · 4 answers · asked by Singthing 4 in United States

2007-01-04 04:55:24 · 12 answers · asked by Anonymous in United Kingdom

Are there better times to buy/sell ETF's for tax purposes? Was wondering if certain times were more beneficial in terms of filing taxes. Does the type of security matter?

2007-01-04 04:46:49 · 3 answers · asked by Mike_nyc 1 in Other - Taxes

My husband has been on workmans comp since june 8,2006, we are filing married seperatly, can I claim him?

2007-01-04 04:32:16 · 3 answers · asked by juliette w 1 in United States

I need to know what the difference between your Adjusted Gross Income and your actual gross income that you made. If someone could please explain that difference to me, I would be most grateful.

2007-01-04 04:03:47 · 6 answers · asked by shleb_express 2 in United States

husband is on unemployment?

2007-01-04 03:16:48 · 4 answers · asked by Anonymous in United States

2007-01-04 02:55:41 · 2 answers · asked by Support Breast Cancer Research 4 in United States

2007-01-04 02:51:18 · 12 answers · asked by pete b 1 in Ireland

i went on h&r block just to do the estimation calculator, when i put me and my husband together with our two kids, maxed out the child care amount (2500) a piece, included an estimate on our mortgage taxes, we bought our house in september and we were only estimated to get a little over 2200 dollars but if i file head of household with the two kids, the child care, plus the two months of mortgage taxes i came out estimated at a little over 5300 dollars...what's the deal i thought being married helped you out on taxes...neither me or my husband make over 30k a year but it seems like the working man get no breaks at all?...am i missing out on something?

2007-01-04 02:40:30 · 7 answers · asked by tythegemini 2 in United States

I plan on using the Dependent Reimbursement Account (DRA going forward) for Day care for my one year old. The max I can put in the account in mu state is $5,000.00 and his tuition is $600.00 a month. Should I set aside the pre tax $5,000.00 or claim the child tax credit at the end of the year? This is tearring me up because I know I have to earn about $825.00 to earn $600.00 after tax.

In addition I am not married but do live with the childs mother. If I do the DRA, can she claim him and get the child tax credit?

I live in North Carolina.

2007-01-04 02:19:50 · 3 answers · asked by that guy 2 in United States

2007-01-04 02:12:37 · 2 answers · asked by Rena 1 in United States

If the person is giving away something, why are they imposed a tax for giving a gift? Where is the logic in that? Just curious for my own knowledge purposes.

2007-01-04 02:06:21 · 4 answers · asked by unhappy 1 in United States

Yeah 3 of my relatives told me that HR Block had short them a few hundred bucks, after another preparer did thier papers again and found out they should have recieved more, but HR Block said, "no well we sent your tax return already" i dont know if this is entierly true but I have been warned not to go to HR Block, and I dont know anything about tax filing, the only reason i wanted to go to a professional is because I am in college, i have a newborn, and well i dont know how to file my that form that colleges give you that list your scholarship and grants that may be tax deductible. Please tell me whats a good service that is not expensive.

2007-01-04 02:02:08 · 9 answers · asked by emo_rox12 1 in United States

We need to claim our mortgage interest and taxes, and are filing separately. Should just one of us claim all the interest, or can we split it up?

2007-01-04 01:51:04 · 3 answers · asked by pookie 1 in United States

2007-01-04 01:34:20 · 5 answers · asked by Jack Tripper 3 in Other - Taxes

I 'm still getting a bill from the 80s

2007-01-04 01:22:47 · 3 answers · asked by haditwithpc 2 in United States

2007-01-04 01:19:45 · 3 answers · asked by dndbohn 1 in United States

Is there anywhere on the net you can find a list of tax write offs that are allowable in the united states

2007-01-04 01:03:20 · 4 answers · asked by notalucky 2 in United States

I have an on-location sports photography business. I only do processing in my home.

2007-01-04 01:02:05 · 5 answers · asked by snapinaction 2 in United States

2007-01-04 00:28:56 · 2 answers · asked by mike o 1 in Other - Taxes

I have an older car I wanted to give my dad for free. I went to the DMV and put gift on the title and gave it to my dad to sign. Now the title is only in his name. Does this mean he'll owe some tax at the end of the year to IRS for capital gains tax?

2007-01-04 00:18:14 · 7 answers · asked by unhappy 1 in United States

She is on Medicaid. She is not eligible for insurance coverage under my policy.

2007-01-03 23:49:29 · 8 answers · asked by johnnastevens 1 in United States

2007-01-03 23:34:16 · 2 answers · asked by rache0116 3 in United States

i was told i could not use just a p.o. box to claim head of household, that i also had to give a physical address as well as the p.o. box. is this true and if so can you tell me why?

2007-01-03 20:09:24 · 3 answers · asked by Anonymous in United States

I want to know how much rebate i can get on my tax if I pay my tution for last semester fall 2005 as well as my loan which i took for second last semester winter 2005 for loan my uncle co-signed since i was international student, i am working since May 06 how much rebate i can get on my tax, my loan plus tution was $16000 in total and i have proof of them, can anyone please explain me how i can get max. rebate and how it works

2007-01-03 18:35:19 · 2 answers · asked by sunny_brar 1 in United States

I get paid monthly, and well I want to file my income taxes tomorrow. I usually use my last check, I get paid the 15th of every month, am I suppose to use the check that I'm about to receive on the 15th of this month (January)? Or is it okay if I use the check that I received last year in Decemeber?

2007-01-03 18:13:12 · 7 answers · asked by Yvette 4 in United States