Taxes - January 2007

2007-01-29 11:10:29 · 3 answers · asked by Anonymous in United States

Do we 1) include her $6000 income and withholdings on our return?, or 2) have her do her own separate return for her $6000 income and withholdings? Is option-2 correct?

Thanks!!

2007-01-29 11:01:44 · 8 answers · asked by Anonymous in United States

Assume I helped someone prior to forclosure and gave 30K to them and added my name to title so they coud get out of forclosure status. In the contract agreement I state if they do not make payments I have right to take over currrent mtg. and sell the property. What are my taxes based on in this situation? They owe 900,000 in mtg combined plus my 30K and assuming I sell this house for 1.2mil after a few changes and upgrades to the property. Will I be taxed on the difference of 300K? or am I wrong in this tax consequence. I never intended on owning this property, but I do now. please advise. property is in ca.

2007-01-29 10:59:01 · 1 answers · asked by ptrip6 1 in United States

I pay my health care premiums out of my own pay check. In other words I get paid then my employer subtracts my premium from my paycheck. can I deduct these premiums from my taxes?

2007-01-29 10:58:54 · 3 answers · asked by I drive fire trucks 3 in United States

My live-in fiance claimed head of household on his taxes and claimed me as a dependent. I am actually head of household and pay all the bills and rent without assistance from him. I believe I should be able to claim him as a dependent and claim head of household myself. I do not want to get either of us in trouble, but he is getting a large tax return because he filed this claim instead of me. Does anyone know a solution to this situation. Can I claim head of household too and see what happens? Please help, as I think this situation is unfair. Should he get to reap all the benefits because he beat me to the punch?

2007-01-29 10:55:59 · 4 answers · asked by Britt I 1 in United States

My boyfriend and i have lived together for the last 3years and he has supported my daughter and me for the last 3 years i cannnot work due to being disabled can he claim my daughter for anything on his taxes since he supported her and she has lived here for the year and no one else can claim her?

2007-01-29 10:43:24 · 4 answers · asked by Dawn K 1 in Other - Taxes

We've got 1766.30 in dental bills that were paid with a credit card in 2006. Can they be counted as a medical expense for itemizing taxes?
Also, have $115 for a life insurance premium payment, does that count too??
Thanks!!

2007-01-29 10:41:38 · 5 answers · asked by Corinne 2 in Other - Taxes

If my girlfriend and I purchased a home together in 2006 then who claims the interest on the mortgage on their income taxes since we file seperately not being married yet? I assume that we both dont claim it since it can only be claimed once and I assume by only one person?! please let me know

2007-01-29 10:41:29 · 1 answers · asked by Steve K 2 in United States

I was a resident of CA for whole of 2006, but my wife was part year IN resident, before she moved to CA permanently. For our tax purpose, can we file a joint Federal return, but individual state tax returns?

2007-01-29 10:28:06 · 2 answers · asked by sid_earth 1 in United States

If a parent gifts their child $200,000 in one year, is any tax owed by the child?

2007-01-29 10:23:58 · 4 answers · asked by Anonymous in United States

Before I head off to the tax preparer I would like to go with a rough idea of what we should be expecting.

We are as Married filing Jointly.
We have one child.

gross income $34,032
Federal Tax $682.67
Social Sec. $2,109.95
Medicare tax $493.51

we also cashed in our 401k early

gross cash in $ 974.77
Federal Tax $ 194.96

Can you tell me if we would be getting back if so how much and if I owe how much do I gotta fork up?

Thanks

2007-01-29 10:23:29 · 3 answers · asked by Anonymous in United States

I just got a W-@ from 2 different jobs. I'm filing online ona free site. I've entered a W-2 form for each job, but now I have to do a 1040. Do I do a seperate 1040 for each job or do i just combine numbers from both jobs on one form?

2007-01-29 10:22:41 · 12 answers · asked by therealaone 1 in United States

I have filed, but have not recieved my refunds through the mail.

2007-01-29 10:15:17 · 6 answers · asked by bhite278 1 in United States

The reason I ask this is because we REALLY need the money right now because I am unemployed at the present time due to a sickness. The early withdrawal was for $18,000 and we paid some federal taxes($3700)already. I was just wanting to know if it would be caught right away, and what would happen, or if we would ever get caught? Thanks for replying

2007-01-29 10:10:31 · 13 answers · asked by ScLaDy 1 in United States

2007-01-29 10:00:43 · 3 answers · asked by garda0354 1 in Other - Taxes

2007-01-29 09:53:31 · 4 answers · asked by John L 1 in United States

2007-01-29 09:45:56 · 6 answers · asked by Cheryl A 1 in United States

Ideally the list would have their name, address and phone #

Thanks for your help !

2007-01-29 09:44:35 · 3 answers · asked by Joe G 1 in United States

My parents got divorced in 1986. My father didn't file his taxes from 1987 until 1993. He has been living overseas since. Every year, my mom keeps getting tax notices saying her ex-husband owns money to the IRS. My dad can't afford to pay this money now. Am I liable to pay for it? What about if he dies, am I liable? Does anyone know? Would that affect me in the future if I want to apply for a loan?Please let me know. Thank you.

2007-01-29 09:43:35 · 2 answers · asked by pisces81blue 2 in United States

2007-01-29 09:41:15 · 2 answers · asked by troyful2remember 1 in United States

5 yrs ago this guy i know gf left him on christmas day.. they filed taxes together.. and he claimed her and their 2 kids .. he was the only one working.. the promblem is when he cashed the check it cashed it at check cashing place...they only took his signature and not both of them ... she was not with him when he cashed it.. it has been 4 yrs and she keep threaten to put him in jail .. is there a statue of limitation on this .. does any one know of a web site that would have the info

2007-01-29 09:40:40 · 5 answers · asked by ? 5 in United States

2007-01-29 09:38:07 · 4 answers · asked by pettygoesracin 2 in United States

Okay, I am a high school student that works at one of the school cafeterias and i need to know how to fill out a W-4 Tax Form and this is my first time to do anything like this, does anyone know how to fill it out?

2007-01-29 09:35:37 · 4 answers · asked by nicole w 1 in United States

i was fiddling around on taxact.com and i think the way i understood it was that even though i couldnt claim my son as a dependent that i would still qualify for the earned income credit,am i misunderstanding?

2007-01-29 09:34:18 · 3 answers · asked by â?¥ Chrissy â?¥ 2 in United States

2007-01-29 09:34:15 · 6 answers · asked by Brandi Girl 2 in United States

I was told there was a form to fill out if you got 2 w-2's from the same employer, one with the incorrect SS# and one with the corrected SS#. Does anyone know the form to fill out?

2007-01-29 09:30:31 · 5 answers · asked by M Y 1 in United States

2007-01-29 09:26:57 · 4 answers · asked by haleymaynicole 1 in United States

I know I do not qualify for the earned income, so I was just wondering what is the amount that I can get back for my chidren.

2007-01-29 09:19:16 · 2 answers · asked by Anonymous in United States

tax deductions

2007-01-29 09:18:36 · 2 answers · asked by ponchita06 1 in Other - Taxes

2007-01-29 09:18:30 · 1 answers · asked by malaki_mata 1 in United States