Taxes - January 2007

2007-01-28 05:39:41 · 4 answers · asked by gotdirt 1 in United States

2007-01-28 05:28:11 · 9 answers · asked by vjb0456 1 in United States

I bough a house in March 06 and just received my 1098 from the mortgage company. On box 2 (mortgage points) the amount is $6200, not all of which paid by me. The builder paid $3500 closing costs.

If I remember correctly and it shows this on my loan application, my rate was 5.875% w/ .875% points on my loan equaling = $1875.

How did my mortgage company get $6200 and what amount is my true point deduction?

2007-01-28 05:27:06 · 2 answers · asked by Kenny L 1 in United States

I have a question about donated property. I did a major cleaning this past year and gave several times to Goodwill. I have 7 separate receipts. Can all the receipts only total $500 or I will have to fill out Form 8283? I know with cash donations (at least for 2006), if they are individual donations to church for example you don't combine the total. So...do I combine all the receipts? If not, can i claim about $1200 worth of donations (have documentation) and not do the additional form?

Thanks so much!

2007-01-28 05:25:06 · 2 answers · asked by Mercedes 1 in United States

If I accrue Salary Bonuses for Year End 2006, is that part of their 2006 W2 since I will not pay them till 2007?

2007-01-28 05:17:50 · 3 answers · asked by J.J. G 1 in United States

Last year I had 2, but this year it calculated to 6, I'm divorced with 1 child and made 4,000 last year 2006. In 2005 I made 11,000. Does that make a difference?

2007-01-28 05:17:07 · 2 answers · asked by robby_miami05 1 in United States

2007-01-28 05:11:22 · 3 answers · asked by millsey89 1 in United Kingdom

Please end my argument. A friend of mine who did not work all year (no income at all) is not eligible to file a tax return. She has 2 children ages 16 and 9. Can her boyfriend claim the earned income tax credit since he is the only one in the house who did have an income? (PS. He does not really live "in the house" but does support her and the kids. I say he can NOT claim EIC since he is not their father and that their biological father should get to claim it. Help?

2007-01-28 05:05:58 · 5 answers · asked by lemmebeyoursunshine 2 in United States

Do we get the tax credit for a child 17 or 18 years of age still in highschool? Can we still claim a son 18 if he is still in high school?

2007-01-28 04:51:53 · 7 answers · asked by JOANN B 1 in United States

My wife only worked 2 days last year (due to new baby)... and earned less than $200 gross. Do I have to include her W-2 information on our joint return?

2007-01-28 04:48:24 · 4 answers · asked by yardon77 2 in United States

i want to know what the advantages customer have due to VAT

2007-01-28 04:32:17 · 5 answers · asked by hitu 1 in Other - Taxes

2007-01-28 04:31:38 · 1 answers · asked by Jennifer S 1 in United States

I am 28 and I am filing '06 taxes as HOH. I qualify for EIC and I have 2 children, 6 & 7 mths, and I came across this question. Do I say Yes, I want to mark this person as HOH qualifying dependant? I am confused.

2007-01-28 04:24:57 · 1 answers · asked by jenelea 1 in United States

2007-01-28 04:23:52 · 4 answers · asked by nk 1 in United Kingdom

2007-01-28 04:16:36 · 4 answers · asked by reflex 3 in Other - Taxes

At the hearing, the trustee for the bankruptcy said that my wife had to give her our refund checks from this years taxes. We filed jointly and were expecting a $7700 refund. Since I did not file Chapter 7 with her, can the trustee take all of the refund? Her lawyer never said this would happen. What should she do?

2007-01-28 04:05:13 · 2 answers · asked by Mr. X 1 in United States

This past holiday, a non-profit I am affiliated with had a giving bank where we selected gifts for needy families. I bought a variety of things, kept the receipts, and also copied the tags of what I bought gifts for. I spent about $100.00 for the gifts I bought.,

The organization did not give me a receipt for the gifts I donated. Is it possible that I can claim a tax deduction for the items I bought?

2007-01-28 04:03:49 · 2 answers · asked by idahdespida 3 in Other - Taxes

starting a buisness and need to know what percentage I should expect to pay for taxes both state (colorado) and federal as to make sure my prices are set right...

2007-01-28 03:56:06 · 7 answers · asked by tradesman408 2 in United States

what are requirements for filing dependant? can u file wife as dependant?

2007-01-28 03:49:57 · 4 answers · asked by Anonymous in United States

my wife made total of 15,000 on 2006 w-2 i made 27,000 can i put her as dependant?

2007-01-28 03:45:24 · 2 answers · asked by Anonymous in United States

my wife goes to American university in the Netherlands, we are filing jointly,can I claim it for our federal tax return?

2007-01-28 03:40:09 · 3 answers · asked by joran_5 1 in United States

2007-01-28 03:39:22 · 5 answers · asked by sandy 1 in India

2007-01-28 03:35:42 · 4 answers · asked by julsbugs 1 in United States

2007-01-28 03:27:28 · 2 answers · asked by Jim D 1 in United States

was told you could wait up to three years for filing. how does that work? do you have to claim both incomes every year?

2007-01-28 03:15:56 · 6 answers · asked by lisa h 1 in United States

If I Itemize my deductions can I use those on my form and then my wife takes standard deductions on her return

2007-01-28 03:11:10 · 5 answers · asked by John d 1 in United States

I am waiting on a W-2 from a job I worked most of the year at...I did a ruff draft to see that if I didn't claim the W-2 I would get $5000 but if I did then I'd only get $2500...I need the money more this year then I will next so I was wondering if it was LEGAL to wait and file the W-2 with next years taxes.

2007-01-28 03:10:57 · 6 answers · asked by jgame1122 2 in United States

2007-01-28 03:06:38 · 4 answers · asked by steve 1 in United States

2007-01-28 03:05:50 · 3 answers · asked by cleanfanatic 2 in United States

I filed for Chap 7 bankruptcy before the law changed in 2005. My house went into foreclosure but was covered in the bankruptcy because I knew I couldn't afford to keep it even after the filing. I am of the understanding from the attny that I DON'T have to report this, but a CPA is sayin it is included. I am totally confused and wish that people in the legal field and cpas would make agreements on the law.

2007-01-28 03:04:32 · 6 answers · asked by thegoodgirl1018 1 in United States