Taxes - January 2007

I have heard from an alarming amount of people that they were advised by a tax firm or someone working for them that they can only claim two of their children on their tax return?
A taxpayer may only be eligible for Earned Income Credit for two children only, but the deduction for a dependent, child tax credit, and extra child tax credit may apply...

If so, follow the links on www.irs.gov, individuals, fraud.?
imho

2007-01-31 05:26:11 · 1 answers · asked by Wood Smoke ~ Free2Bme! 6 in United States

Was just reading about the Senate capping tax-deferred executive compensation at $1 million to pay for the new round of handouts to businesses, and came up with an interesting concept.

It would seem to me that any business- big, small, incorporated or independent- at which an owner, executive or board member receives a compensation or severance package that exceeds $1 million is in no need of any additional tax breaks. Certainly, any business in this category that claims they'll have to cut jobs if the minimum wage is increased is lying; either they're swimming in cash or the executives are getting ready to bail out. Any additional tax breaks will not see their way to creating any more positions or increasing the base salary level; they'll just be funneled to those that are already millionaires. Why not pass legislation that, in addition to the proposal to cap tax-deferred earnings, would exclude any business that fits into this category from any additional tax relief or handouts?

2007-01-31 05:24:49 · 1 answers · asked by kena2mi 4 in United States

2007-01-31 05:20:47 · 4 answers · asked by alij 1 in United States

Okay, I've never had to do this because I've never had enough to deduct. Do I use the amount that I owe out-of-pocket and paid out-of-pocket for 2006. Or just what I've paid so far in medical expenses. Also my dad was sick and since I was next of kin I had to sign everything for him, can I claim those traveling expenses.

2007-01-31 05:17:26 · 3 answers · asked by Stace 2 in United States

2007-01-31 05:13:09 · 4 answers · asked by ANGEL 1 in United States

2007-01-31 04:59:14 · 3 answers · asked by Shannon E 1 in United States

Ever since I started getting a yearly tax refund, I would always receive $200 to $500 back when I got my taxes done. Last year, I went to get them done and I suddenly owed over 1000 bucks. I didn't get any increase in pay or change jobs, so how do I suddenly owe money when I didn't do anything different compared to last year?

2007-01-31 04:58:23 · 4 answers · asked by Anonymous in Canada

just wondering we dont want to do anything wrong.

2007-01-31 04:54:22 · 3 answers · asked by mary_llinas 2 in United States

IT would be very nice If I could

2007-01-31 04:46:58 · 6 answers · asked by joe d 1 in United States

I married last october (2006) and am wondering if I can file single on my taxes ( its a long story) . My name was changed on my W2 but at the very last minute. Do I have to file married?? Would I get into trouble for filing single?

2007-01-31 04:42:23 · 4 answers · asked by rfreese 2 in United States

ok well me and my husband went and did our taxes, it was excepted the 17th of Jan and we are suppossed to get our refund check directly deposited state/ and federal. Well, we were suppossed to get our check(s) Jan 26th as to what our tax place told us. Therefore it wasnt deposited bc of some errors so they re-submitted it to the IRS and they approved it with no errors this time and may i add we are in the state of (oklahoma), ok so now we are set to get our federal check on the 2nd which is this friday and (my tax place), told me that i would get my state refund sometime today i keep calling my bank and checking but it says no deposits are pending and no deposits have been made ... this is freaking me out bc this is the first year i have actually choosen to do direct deposit!!!! will it ever come, how long does it take for the IRS to deposit it , (most pay roll checks are deposited at midnight), im just worried that i will never get it),,, please re-assure me!! SOME HELP PLEASE!!!!

2007-01-31 04:36:33 · 20 answers · asked by Anonymous in United States

I called the dealership and they did not have an answer for me, they told me to call the company that I have my car loan with. That doesn't sound right to me.

2007-01-31 04:36:03 · 3 answers · asked by mardaw 3 in United States

but they still take advantage of our healthcare, educational and federal programs.

2007-01-31 04:32:38 · 3 answers · asked by ?! 6 in United States

2007-01-31 04:31:41 · 7 answers · asked by Cosmonaut1 2 in United States

2007-01-31 04:30:54 · 4 answers · asked by Anonymous in United States

2007-01-31 04:30:49 · 13 answers · asked by j_r_m_doctor 1 in Other - Taxes

2007-01-31 04:19:38 · 15 answers · asked by b-rad 1 in United States

The larger amount is $920.50 and is interest only, and the smaller amount is around $380 and is Principal/Interest payment. They both go to different companies. We got a "no money down" mortgage (sticks in my throat even calling it a mortgage, but we had to). The entire payment is $1313 and change. I cannot re-finance until later this year, before anyone suggests it. We made our first payment in December 06. Thanks!!

2007-01-31 04:18:16 · 2 answers · asked by Curious In Ohio 2 in United States

This was a small life ins. policy (probably bought around 1980)-we paid $10 per month and rec'd a small dividend each year which was reported. We paid in approx $3,000 and the check was for $2700. I don't have any other info. I know it needs to be reported to IRS but don't know where or what amt to report. I do my taxes online. Thanks for any help.

2007-01-31 04:17:34 · 2 answers · asked by Dale H 1 in United States

2007-01-31 04:09:58 · 4 answers · asked by COblonde 3 in Other - Taxes

If I fo to H&R Block, I can get a check in 2 to 3 days. Will e-filing be close to this time frame?

2007-01-31 03:59:15 · 6 answers · asked by Nikitty 2 in United States

I am in a general partnership and I don't know which form is right?

2007-01-31 03:58:12 · 2 answers · asked by Katie L 3 in United States

Who all has received their tax refund???

2007-01-31 03:50:41 · 13 answers · asked by slha1981 2 in Canada

2007-01-31 03:48:33 · 5 answers · asked by Anonymous in United States

paper return?

2007-01-31 03:36:58 · 2 answers · asked by Anonymous in United States

2007-01-31 03:24:43 · 5 answers · asked by Jen 1 in United States

2007-01-31 03:22:32 · 2 answers · asked by Li Jun W 1 in United States

I have been filing single 0 exemtions throughout the year but was told by my employer that it can get more moeny back by filing single 1 exemption on my taxes? True or false?

2007-01-31 03:17:09 · 0 answers · asked by terjar4 1 in United States

I got injured in Nov'05 and have been collecting work comp from Jan'06 to the present .Do I file or what should I do?

2007-01-31 03:14:30 · 1 answers · asked by thad007ryan 2 in United States

Question is do we need to file state taxes in South Carolina or in Georgia, or both?

2007-01-31 03:13:52 · 6 answers · asked by Deb B 1 in United States