Taxes - January 2007

2007-01-28 08:18:07 · 2 answers · asked by Anonymous in Australia

One job was from January to May and the other was from June to December; I received separate W2s for each one.

2007-01-28 08:17:53 · 7 answers · asked by Mark G 1 in United States

2007-01-28 08:17:47 · 1 answers · asked by MomNem 1 in United States

2007-01-28 08:17:28 · 3 answers · asked by Anonymous in United States

I'm attempting to do my mother-in-law's taxes...she was born in Mexico and got married there to another Mexican about 30 years ago...when filing for taxes here does she have to file as married? They never married here or anything. I was just running the numbers and she would get more if filing as single but I don't know if that's allowed...

2007-01-28 08:11:14 · 3 answers · asked by prpleglitz 2 in United States

Is that considered taxable income for an individual?

2007-01-28 07:57:41 · 2 answers · asked by Bill 3 in United States

just how good is it. i just got it, but before i open it i would like some feedback from people who have used it. it's for my small in home business(roofing).is it as easy to use as they say? is it worth it?

2007-01-28 07:36:49 · 5 answers · asked by horseman 2 in United Kingdom

2007-01-28 07:23:17 · 1 answers · asked by bruand h 1 in United Kingdom

I got my taxes done at H & R BLOCK and I owe over $2000 to the Federal and to the State- I understand why I owe money to the Federal...Its because I took out all of my retirement money when I quit my old job and they taxed me the usuall 20% out of it....but what I dont understand is why I owe money to the State? How does that work out?

Can someone help explain all this to me?

Thanks in advance.

2007-01-28 07:22:41 · 4 answers · asked by Anonymous in United States

I just stated working part-time for like 5 months now.

2007-01-28 07:22:35 · 7 answers · asked by funkyblue 1 in Canada

I am planing to buy a property in India by taking a loan. Can I get a tax break on the interest I pay on loan (loan which is taken fron India) while filing my taxes here in US.

2007-01-28 07:15:40 · 3 answers · asked by Chirag D 1 in United States

It is in response to an efile and says it's a mistake on the w2 form.

2007-01-28 07:09:08 · 1 answers · asked by tyandtobesmom 5 in United States

I recently was awarded a legal settlement of $55,000. The party paying the money is planning to pay it out on a 1099, labeled as "emotional distress" damages. I don't know much about this, except that it will ultimately reduce the amount of taxes that are taken out. The problem is that because they are handing me a lump sum check with the 1099, they are not taking the taxes out in advance. Does anyone know how much of this I should set aside for my taxes next year?

2007-01-28 06:55:17 · 5 answers · asked by tictickchick 3 in United States

2007-01-28 06:47:37 · 5 answers · asked by William H 1 in United States

Do I file my tax as single or married.I am Legal permanent resident married?
I am Legal Permanent Resident , married . My wife is based outside United States(Foreign Country), she doenst have social security number. I am responsible for her upkeep as shes not working. Should i file my tax as single, or married filling jointly(wife not working) or married filing seaprately. She has never come to USA before, and it may take 4 years for her to join me .

2007-01-28 06:44:06 · 2 answers · asked by yankieby 1 in United States

Our divorce decree states that we are to alternate years claiming our daughter. This year was supposed to be our year, but I e-filed my taxes and it was rejected because it said that she was already claimed by another person. He still has not returned my calls regarding this, but I can't imagine who else would have claimed her. Anyway, who do I need to do in order to claim her since, according to the divorce decree, it is our year?

2007-01-28 06:41:51 · 9 answers · asked by sunshineandsilliness 2 in United States

When I filled out my w-4's this last year for my job I put exempt at the bottom of the page and they didn't take out any federal or state withholding's. I was told exempt meant that nobody could take your taxes when you filed so I put exempt cause nobody is trying to take them so I didn't pay attention when I got my check and I just looked at my hours and I saw they took out money cause the gross was different from the amount of the check but I didn't notice at all. Will I get in trouble for this? I put exempt on my husbands also and his boss took out federal and state so I guess that is why I got confused. Anyone know how to go about this? My husband has to pay taxes cause he makes more but I hardly worked so I wouldn't have to pay. Am I in serious trouble? When I said try to take my taxes I meant like if collection's agency or other places want them cause you don't pay your bills. I do pay my bills!

2007-01-28 06:38:44 · 6 answers · asked by V8 3 in United States

How do I qualify for the child tax credit? Do I file as head of household or single in order to qualify?

2007-01-28 06:32:19 · 2 answers · asked by chloerochelle102887 1 in Other - Taxes

Two in one question. I am a real estate broker and I manage properties. In the process I have to do repairs on certain properties and have purchased hand tools for this purchase. I don't want to have to capitalize and all that for a 3.99 screwdriver so how do I deduct these purchases.

Part two. If I throw a client party at my house, can I write off the entire amount or is it subject to the 50% entertainment stuff.

Thanks in advance for your answer.

2007-01-28 06:27:32 · 7 answers · asked by sanjonny 2 in United States

My new job offer requires me to be in the field about 50% of the time, using my own vehicle. Is .34 per mile a fair offer? Will I be able to deduct the difference between the .34 and what is the standard mileage deduction allowed by the IRS?

2007-01-28 06:25:59 · 4 answers · asked by J A 1 in United States

My husband has business losses that will offset his income of 85K and Im wondering if I claim the child...will I get a bigger benefit then he does. I read everywhere the the benefit for filing married is much more beneficial than married/separate. Although doesn't the fact that he lost so much on his business make him at a loss no matter how many more deductions he would take by WIFE and CHILD credit..I mean I think I would gain by FILING SEPARATE.....LOW INCOME of 6K and ONE CHILD as a dependent....Am I correct on this ASSUMPTION?

Thanks,

2007-01-28 06:12:13 · 2 answers · asked by mirj99 1 in Other - Taxes

After completing my 2006 Federal taxes, I owe $1,000. Can I invest this money in my retirement instead of paying the government? If so, how and when is the deadline?

2007-01-28 06:09:51 · 9 answers · asked by kairos_413 2 in United States

He was born on 12/01/2006.

2007-01-28 06:07:13 · 13 answers · asked by Anonymous in United States

If I provide insurance coverage to my 21 yr old child who is in college can I deduct medical expenses? There was an illness which I paid @ $20,000 in out of pocket expenses not covered.
She will file her own 1040 this year and is not considered anyone's dependent.

2007-01-28 06:04:37 · 3 answers · asked by igglesphan724 1 in United States

2007-01-28 06:04:37 · 2 answers · asked by donna d 1 in United States

I am Legal Permanent Resident , married . My wife is based outside United States(Foreign Country), she doenst have social security number. I am responsible for her upkeep as shes not working. Should i file my tax as single, or married filling jointly(wife not working) or married filing seaprately.

2007-01-28 06:01:47 · 3 answers · asked by yankieby 1 in United States

2007-01-28 06:00:11 · 2 answers · asked by sherry o 1 in United States

In previous years I never made enough money to pay taxes so I never claimed or reported the loss on my taxes, can i do so now?

2007-01-28 05:55:39 · 2 answers · asked by aplasticnation 2 in United States

I spent $800 moving slightly closer to work. I know I dont get the moving closer to work deduction. I only have about 1200 bucks in itemized deductions for 2006. I think I will end up using the standard deduction. Is there a way for me to deduct this 800 bucks + 200 in charity on top of my standard deduction? I am single, no kids, live in an apartment and live in Boston.

2007-01-28 05:46:27 · 6 answers · asked by Handsome Devil 4 in United States

2007-01-28 05:45:42 · 9 answers · asked by gotdirt 1 in United States