Taxes - January 2007

How can I find out if my w2 have been mailed to me yet?

2007-01-23 00:16:47 · 4 answers · asked by kristigirls2002 1 in United States

Recently someone was telling me that you can still file and claim your child on your taxes even if you haven't earned any income. I never heard anything like that before and I was just wondering if anybody else had.

2007-01-22 23:59:38 · 7 answers · asked by stephanie 1 in United States

What do you need to provide them with prior to them filing taxes for you? Any information is helpful because this is my first time and Im clueless.

2007-01-22 23:50:05 · 4 answers · asked by Anonymous in United States

back in to get the year end total of the IRA before applying the proper factor to determine the RMD? e.g.: Beginning of year:$200,000, monthly w/ds of $500. $10,000 growth during year. Yr end total $210,000. Is the factor applied against: $200,000, $210,000, or $216,000? Is the proper factor the one for that age on Dec. 31 of that same year?

2007-01-22 23:34:37 · 2 answers · asked by Waxy 2 in United States

me and a friend of mine have been running automotive businsess and we;ve been thinking of hiring a few people because were always swapt. is there a free program out there that can we can download to create payroll checks with pay stubs and tax forms like w-2 and 1099 and all other types of tax form if we need them. we basically are wanting a program that we can enter the pasic info such as time and wages in and it take the percentage right out of taxes giving you how much is taken for for each kind of tax. is there any such progrom out there tht's free even one that may even be a free trial one so we can at least see if it's what we are lookinf for ?

2007-01-22 23:11:45 · 3 answers · asked by wicca_chicca65 1 in United States

For year 2003, IRS sent a notice saying that I owe a ridiculous sum of money.

This is primarily due to schedule-D. I had filed one for 2003 but totalled all the transactions rather than writing every item line by line. Unfortunately I had moved in mid-2005. So IRS mailed out some kind of errata which I needed to have responded by August 2005. Since I moved, I never received this notice. IRS then sent a collections notice in 2006. For which I responded with a new schedule-D with all the details. But IRS keeps ignoring every time I send a correspondence. I have hired a CPA. But today I received another notice, then I called IRS, they simply said, "Sir, your time to file for a correction to schedule-D expired in August 2005. So you owe us more than $100K. We will collect from you".

I obviously am going to call my CPA and ask him to follow up. But I wanted some help from someone who has gone through this. This is just to make sure that my CPA is doing the right thing.

Thanks

2007-01-22 22:06:16 · 7 answers · asked by . 4 in United States

2007-01-22 22:05:16 · 2 answers · asked by Rodney s 1 in United States

I'm just wondering if anyone's completed the 2006 VITA/TCE Form 274 Volunteer Assistor's Test recently. This is the first year I've volunteered, and a lot of it seems over whelming. Just looking to see how many peope's attempted it, and if they'd be able to provide assistance on a couple questions.

2007-01-22 21:53:48 · 1 answers · asked by Daniel 2 in Other - Taxes

2007-01-22 21:41:38 · 2 answers · asked by Pili 3 in Australia

I am a college student and this will be my first year filing taxes. I work part-time and I earned about $4900. Is there anything I need to be aware of that can help benefit me or perhaps even something I need to be cautious about?

Thanks!

2007-01-22 20:00:49 · 7 answers · asked by Tania B 1 in United States

2007-01-22 19:46:20 · 7 answers · asked by Bhavik G 1 in India

I have recently acquired residence and am wondering if I should file taxes with my spouse? Would it help us save? Or are there any other advantages of filling taxes together?

2007-01-22 19:00:42 · 4 answers · asked by law abiding citizen 1 in United States

I have always filed my own taxes and have never had any problems, but I'm am completely confused as to why, when I complete the e-file process, it says I owe! I have really simple taxes, with two W-2's to report, no kids and no other deductions/income. When I add each of them seperately, each one has a summary that says I should receive around $440 back. But when I add them both on, I magically owe $162! I don't understand...If the summary shows each one gives me a credit around $440, shouldn't I be getting a refund around $880...and not have to owe?! Someone give me a clue please. I'm completely confused and this has never happened to me in previous years.

2007-01-22 18:57:27 · 6 answers · asked by ? 2 in United States

2007-01-22 18:55:49 · 5 answers · asked by phillip k 1 in United States

Hi i'm Married with a 1 yr old son, hes lived with me for 12 months and I make 17.5k a year Would i qualify for EIC (earned income credit)?? I really am not sure what it is, but it seems to be alot of extra money, but is it like a loan...or just like a tax break?? Somebody please explain this to me.
THANKS

2007-01-22 18:50:31 · 6 answers · asked by dandcgrounds 2 in United States

Hi. I am getting a bit anxious as tax season arrives and we are trying to estimate our return before we go into the accountant. I file joint with my wife and we net ~200K. The deductions i have will be identical to the ones I had last year. Last year we got back $6800 from federal and $1500 from state (CA). This year is our turn to claim my step-son as a dependant and we also added another dependant with our first child in Feb of 2006. Based on my last year return, what should I count on bringing in with the two added dependants? Will my return be much larger? Thanks for your help.

2007-01-22 18:43:29 · 4 answers · asked by Purple Haze 2 in United States

2007-01-22 18:19:05 · 3 answers · asked by rayjeane 1 in Other - Taxes

Hey guys,

I have been taking care of my 81 year old grandmother for about 5 years now and have never claimed her. She is a United States citizen; unemployeed; recieving SSI; food stamps and living with me in rental subsidized housing.

Many of her expenses are covered by the state, but many other expenses aren't. I take her to all her doctor's appointments; purchase food for her that isn't covered by her food stamps; pay the phone bill; pay the cable bill and many other miscellaneous costs.

Although money doesn't come out of my pocket all the time to take care of her, she is blind and deaf, which requires me to do absolutely everything for her, including giving medication; washing her clothes; folding her clothes; cleaning after her; doing all her shopping; her cooking and changing her diapers.

I'm having a hard time grasping the 50% issue because in my opinion, I spend a lot of time taking care of her and a whole lot of gas money, plus the other expenses listed.

2007-01-22 18:11:29 · 6 answers · asked by Anonymous in Other - Taxes

I'm 20 years old and i was working last year(2006).I recently had a baby in November,and i'm a single parent.I made 4,516.32 last year...how much money(if any) will i get back this year?

2007-01-22 17:53:47 · 3 answers · asked by Val 1 in United States

There are no dependents and he only works part time. We've lived together for 3 years and I've always filed single. I was told I could amend my returns for the last 3 years. I don't want to do anything illegal.

2007-01-22 17:39:25 · 2 answers · asked by Anonymous in United States

Being a full time student and married , husband can't work do you think I will have to pay anything in.....

2007-01-22 17:38:58 · 6 answers · asked by Anonymous in United States

2007-01-22 17:31:43 · 2 answers · asked by yolanda 1 in United States

So I just saw on my w2 that my work goofed and had me down for 2 allowances the entire 2006. I live at home with my parents so I should have no allowances right? Which means not enough money was taken out of my checks in taxes. What can I do to make this right?

2007-01-22 17:19:57 · 4 answers · asked by Justin F 1 in United States

Dear Viewer,
As in advertising seen govt. is asking to pay all taxes honestly to so we get nourish facility from them but are we getting honest response from govt. we are stll paying all bills like electricity , water, house, road taxes,transport tickets, etc.etc. so why govt need more taxes from us. if their facility r in losses its their management failure. we used to give bribe or extra amount to all govt employer like police, health, muncipal etc.. for our work or for taking govt. facility as they claimed in favour of our taxes and still we r paying taxes. in department of juducial we used to buy stamp papers. if we get any thing free its a long procdure after expenditure of our precious time. so i think we r not getting any facility in favour of our taxes.
Regarding subsidy its used to be blackmarketing on goods or subsidy is giving to poor people(its another thing they didnt received)who r not payingtaxes THINK!

2007-01-22 17:19:02 · 6 answers · asked by vishal raipuria 1 in India

2007-01-22 17:17:30 · 1 answers · asked by Bianca H 2 in United Kingdom

2007-01-22 17:14:31 · 10 answers · asked by yolanda 1 in United States

2007-01-22 17:11:08 · 2 answers · asked by robug 3 in United States

i just divorced a man where our joint income was 60,000/year. now im making about 22,000/year on my own, any idea if i will wind up owing or get money back or what? they take about 700 a month in taxes out of my paycheck.

2007-01-22 17:06:30 · 3 answers · asked by lady26 5 in United States

2007-01-22 17:00:07 · 5 answers · asked by nate 1 in United States

A friend of mine wanted to borrow a large sum of money for emergency. Although it was sort of strange to ask, I told him yes, but he had to sign a promissory note (drawn up by WillMaker or some other software). Now many months passed but I never seen a dime of it. Can I write this loan as bad debt on my tax return?

2007-01-22 16:52:28 · 8 answers · asked by Ken Adams 2 in United States