Taxes - January 2007

2007-01-24 16:59:27 · 5 answers · asked by missaarmenta 1 in United States

2007-01-24 16:56:54 · 9 answers · asked by knv_mahesh 1 in India

Before you start to type that full time student's are not tax exempt and that they are treated no different than everyone else realize this:
It IS possible to be exempt from council tax.
I have heard that it is possible to be exempt from FICA.
Ive heard someone say something about income tax as well, but I am skeptical about that and I think he might have meant that thats the way it used to be. So my question is what are all of the full time student tax exemptions? Are there any programs for full-time students that do sort of the same thing like refunds or full blown exemptions?
Cmon, I know there are some shifty well informed students out there. Also I open the response up for high school studies as well, I am not talking entirely about college students. I am not sure if there is a difference, but I am curious to find out.
Oh and by the way I am talking about United States Taxes.

2007-01-24 16:56:33 · 2 answers · asked by benderthegreat 1 in United States

2007-01-24 16:53:11 · 8 answers · asked by yolanda l 1 in United States

My fiance's mom is planning on claiming her granddaughter and the mom on her taxes but the girl's mom may claim both of them two. What would happen and who would get to claim them? One is going to have the girl sign a form saying that she has premission to claim them, and the other doesn't. But they have lived with my fiance's mom since the beginning of April. I'm just wondering, because I was told whoever filed first would get it and I was just trying to find out if she needed to go ahead and file or what.

2007-01-24 15:46:08 · 8 answers · asked by Denise W 2 in United States

2007-01-24 15:44:34 · 16 answers · asked by charles b 1 in United States

Your client is a manufacturer. For several years, the company buried empty paint cans on its property. The paint was used in the production process. Recently, a state environmental agency informed the company that it was required to dig up the paint cans and decontaminate the land. The company spent a substantial amount for this environmental cleanup in the current year. An IRS agent contends that the cost must be added to the basis in the land because the cleanup improved the land. The company’s CFO has asked you to determine if any authority exists that would support a current deduction for these costs.

2007-01-24 15:42:12 · 3 answers · asked by bueyes67 2 in United States

I just filed my taxes with h & r block a few days ago. i purchased the plan which would allow me to receive a check in 2 days. i called the number that tells me if my check came in. i had a message telling me to call a number which told me that the department of education is swiping my refund. which means i get nada back. do i still pay the 200.00 i owe to h r block? thanks.

2007-01-24 15:38:40 · 16 answers · asked by Anonymous in United States

I heard I can do two things to increase my return, one is to write of my medical expenses like copays, deductibles met, Rx copays and I also heard since I live in Texas I can also write off sales taxes from groceries and such? I am a single Mom and I really want to try and figure this out. My dad plans to file my taxes for me with Turbo tax, but has not heard of these deductions before.

2007-01-24 15:19:48 · 7 answers · asked by Jennifer B 1 in United States

I need to build up social security credits before retirement and want to know how I can use rental income to qualify for the self employment tax as it is usually exempt? This is the only real income I have and my husband's income is his pension.

2007-01-24 15:19:18 · 2 answers · asked by Anonymous in United States

2007-01-24 15:07:41 · 7 answers · asked by chelloshere19 1 in United States

Trying to do my taxes and a bit confused on what is considered a tax credit for the Hope Credit or Lifetime Credit. My qualified tuition and expenses are $3176.00 while the Scholarships/Grants is 2901.00. The difference is 275$. I did a student loan for $1750. Im not paying anything on the loan yet, im still in school. But my question is what do I get back? I understand you get money back on a loan, but not the scholarships if they are directed towards the tuition and expenses. I know the Hope Scholarship is directed towards to tuition, but not sure about the Pell. Im sure its a dumb longshot, but what if I claim my loans towards the tuition rather than the Pell? I've read all sorts of sources, but nothing really explains what is "priority" payment on tuition over another type of payment. Its probably more SAFE to just claim the 275$ on loans....GIVE ME SOME ADVICE! Thanks!

2007-01-24 15:06:43 · 4 answers · asked by Yahoo_User_GA 1 in United States

2007-01-24 14:58:00 · 4 answers · asked by burgandyred2004 1 in United States

2007-01-24 14:53:55 · 4 answers · asked by vICKY P 1 in United States

2007-01-24 14:44:55 · 7 answers · asked by I believe in science 1 in United States

2007-01-24 14:37:41 · 4 answers · asked by Annie R 1 in Other - Taxes

Is there any way to issue a 1099 form without SSN? I have to pay a compensation to a foreign student who does not have her social security number.

2007-01-24 14:23:01 · 5 answers · asked by Anonymous in United States

2007-01-24 14:21:25 · 2 answers · asked by BANKS E. N 1 in United States

2007-01-24 13:49:22 · 4 answers · asked by Anonymous in United States

2007-01-24 13:19:47 · 7 answers · asked by Robert G 1 in United States

been doing my taxes and saw that. now i'm woundering what it is

2007-01-24 13:18:07 · 4 answers · asked by Matthew A 2 in Other - Taxes

I worked for two different employers last year. I received a W2 for one, but I'm still waiting for the other. Can I go and file for the one I have, instead of waiting for the other one?

2007-01-24 12:52:16 · 7 answers · asked by pjlawrence81 4 in United States

2007-01-24 12:51:49 · 5 answers · asked by shay_rai09 1 in United States

Just wondering if I can claim my daughter's tutoring. I have paid $40-$80 a week for the entire year. If so, will I need to supply a receipt from the personal tutor or can I just supply copies of my personal checks. Thank you for taking time to read and respond to this.

2007-01-24 12:50:01 · 3 answers · asked by Tara B 2 in United States

I am waiting for a form 1099 c cancellation of debt form to come in the mail.Do i have to have the form before i file my taxes or can i just show my tax preparer the information i have from the letter they sent me when i made the settlement agreement.

2007-01-24 12:40:04 · 5 answers · asked by ash219772 1 in United States

We bought our home in June 06. Can we use the interest we paid on our mortgage as a deduction, and if so what form do we use? i cant find it on the 104ez or 1040....

2007-01-24 12:38:21 · 4 answers · asked by LydonPuggles 2 in United States

I'm planning to buy 6 or so sweaters from Japan to sell on eBay and I was wondering how the tax/law works on them. Each cost $2,000, so they are NOT going to overlooked if opened by the customs

Will I have to be an "importer" in order to do so, or do I not need such status?

If I happen to get audited by IRS, I don't want to into trouble by not following the right steps to buy goods from overseas, so please let me know in detail.

Thank you.

2007-01-24 12:30:51 · 4 answers · asked by Biz B 1 in United States

My friend is a consultant and helps people boost there business profit. She has one client who wants her social. Noone has ever asked for it before. She is just paid by check from her other clients and does her own taxs. Her accountant is i in Europe of the next month and she doen't understasnd this and is naturally hesititant to give it out with the incidence of identy theft etc. Can someone give me someinfo on this for her. We are in California.

2007-01-24 12:20:24 · 5 answers · asked by onedot.darling 4 in United States

I am about to leave a job that pays about 42,000 a year but only about 21,000 of that is taxable. I am consediring accepting a job that pays about 39,000 and all of that would be taxable. How/where could I go to figure out apporxamatley how much the differance in pay would be.

2007-01-24 12:10:15 · 7 answers · asked by nathans183_99 1 in United States

???

2007-01-24 12:08:37 · 20 answers · asked by $$$money$$$ 2 in United States