Taxes - January 2007

I'm here on H1 visa. I came here alone initially (in may 2005) and filled W4 as single. Later my family (wife and daughter) joined me in August 2005. I didnt file the renewed W4 and my status remained Single on W2. Is there any way I can get tax benefit of being married? What could be done in such a case?
Any help will be highly appreciated.
Mahesh

2007-01-22 10:37:18 · 2 answers · asked by Mahesh D 1 in United States

2007-01-22 10:35:13 · 3 answers · asked by RED WHITE AND BLUE 4 in United States

2007-01-22 10:29:16 · 5 answers · asked by a_mitchell51 1 in United States

I purchased products from Partylite a company that sells candles and other decorative products. The consultant added the shipping and handling to my subtotal and charged me sales tax. Is this even legal?

2007-01-22 10:26:53 · 6 answers · asked by Iam5150 1 in Other - Taxes

I am assuming the company I am working for will submit my W-9 and inform the IRS of my wages. Is that so? If they do not submit my wages to the IRS would the IRS expect me to file and pay income tax every year even if I earned no wages or was unemployed? I am receiving direct deposit of my wages from the company I am working for currently. Would there be any proof of these wages provided to the IRS from the company I am contracting with? I have just started this contractor job in 2007 and was an employee with a W-2 until Nov of 2006. I am hearing conflicting information of persons who do not file, and those who do. This is not a moral issue I am interested on the legal and financial outcomes if I chose to not pay quarterly estimated taxes for 2007.

2007-01-22 10:18:47 · 8 answers · asked by fotostoyou 1 in United States

Ok folks here my dilema, last year I claimed head of household because my parents no longer work(receive SSI) but this year my older sister wants to claim H of H and claim me, my brother and sister this year(done at H&R). Last year I made more, but this year she made more than me andmy sister and wants to claim all three of us. Can she do this this year or no? Has anybody done something similiar?

P.S. I didn't get audited by the IRS if anybody is wondering, the guy their at H&R said that this is Ok'd by the IRS.

2007-01-22 10:16:55 · 1 answers · asked by ls1gun 1 in United States

2007-01-22 10:11:19 · 9 answers · asked by spencerjoker 1 in United States

2007-01-22 10:09:24 · 10 answers · asked by kishaandrashema 1 in United States

2007-01-22 10:07:04 · 11 answers · asked by RED WHITE AND BLUE 4 in United States

I earn less than ten thousand a year. We live in a mobile home that I bought and I buy the food and our clothes. He is disabled but going to school for retraining. He pays the utilities and has back child support that is being paid out of his check. Would it be good for me financially to claim him?

2007-01-22 10:02:28 · 8 answers · asked by Laura B 3 in United States

I feel really dumb to ask this, but I got a 1099-INT from the bank for him. He has a 90-Day add on certificate worth about $2500 right now and he earned $42 in interest last year. Do I have to file for him?

2007-01-22 09:59:56 · 13 answers · asked by NCMOMMAAC 3 in United States

my husband and i are moving to arizona because he has copd. the humidity is so much lower than the st. louis area. can he get a tax break for moving because of his health.

2007-01-22 09:57:04 · 3 answers · asked by Karen D 1 in United States

Ok lets say hypothetically that I gave 50% of my gross income to a charity last year. How much can I right off and not owe taxes on?

2007-01-22 09:55:28 · 2 answers · asked by xplus0ne 2 in United States

My husband and I were wondering how to file....jointly or seperatly. He claims married 0 and I claim married 1. Together we have 1 child and he has another from a previous relationship. We do not own our own home and do not have any stock, bonds, or IRA. Would it matter how we file? What would be the benifit of each of the filings?

2007-01-22 09:45:12 · 4 answers · asked by g's mama 2 in United States

Thanks

2007-01-22 09:44:29 · 2 answers · asked by LadyRebecca 6 in Australia

My husband and I were in a debt settlement program. I am wondering if we'll have to claim this on our taxes? I know we'll have to claim it, but will we have to pay? This is what our debt program states on their website and what we were told by them:

Creditors are required to report canceled debts exceeding $600 to the IRS and you are supposed to report the same as income on your annual tax return. However, the IRS permits you to write off any “income” from canceled debts up to the amount by which you were “Insolvent” at the time. Therefore, unless you have a positive net worth, then you ordinarily will not be obligated to pay taxes on the forgiven amounts. Additionally, if you do not qualify as insolvent non principal amounts such as fees accumulated on the account may be deducted from the amount reported.

We've never had to pay but always received money back. Will this deduct from the money we should receive?

2007-01-22 09:40:07 · 3 answers · asked by amber 1 in United States

I'm not some koook that doesn't understand that our taxes pay for the roads and all public services and that it's really the cost of living in society. I don't think the government is evil. But I do think they are taking too much from me. I'm a single young man, making a good living, but they are just taking too much out of my paycheck.

I know I know, someone will say, "Vote Republican" . Well I probably need to, but isn't there something more I can do to get taxes lowered?

This is America right? The land of the people right? Where we all have a vote, and I know all of us would like the government to take less from us (except those that would like the government to give MORE to them! haha)

I know it isn't a simple issue but there must be something I can do to change the current tax rates.

2007-01-22 09:38:09 · 6 answers · asked by xplus0ne 2 in United States

2007-01-22 09:37:11 · 1 answers · asked by Brotherhood 7 in United States

if you cant get it from your employer

2007-01-22 09:27:31 · 5 answers · asked by ed122469 1 in United States

I know I can claim my foster children who have lived with us for more than 6 months, but what if I don't have their ss#...do I really need this or can I just go without?

2007-01-22 09:20:08 · 3 answers · asked by Anonymous in United States

Ok, so we are going to go do our tax returns, and I was just curious, I still owe money for my student loan ( I am not working but my husband is) I am way behind on paying the student loans and they told me that they could garnish my wages and take money from my tax returns. Will they take that money from my husband just because I am on his taxes? And another question if they ask me if I have a student loan and I say yes, are they going to grant me money to help pay them off, or are they going to take money from his taxes? Pretty much the same question but someone please help!

2007-01-22 09:15:48 · 5 answers · asked by Anonymous in United States

2007-01-22 09:05:52 · 10 answers · asked by Miss Lady 1 in United States

2007-01-22 09:02:00 · 5 answers · asked by Just Wondering 1 in United States

were can you find retirment centers in worm climents, in states that have xax laws favering seniors?

2007-01-22 08:54:55 · 2 answers · asked by Anonymous in United States

i earned around $4400 in bank interest. some said i need to fill out additional form along with my 1040a form. one person said it is "schedule a" and another person said it is "schedule 1".

so my question is which one should i use?

2007-01-22 08:52:29 · 2 answers · asked by seafood10 3 in United States

I owe back taxes for the tax year 2004. I have made payments. Can I still recieve a refund for tax year 2006?

2007-01-22 08:50:36 · 4 answers · asked by Slimmanx3 2 in Other - Taxes

we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes wrong.

2007-01-22 08:38:03 · 9 answers · asked by mary6ferrnis 1 in United States

how do i do my own taxes? where can i get the forms online? i need the whole procedure, PLEASE!!! thanks

2007-01-22 08:36:21 · 4 answers · asked by Anonymous in United States

If I owe a debt to the government can they take my whole refund or only a certain percentage?

2007-01-22 08:36:20 · 3 answers · asked by Me 1 in United States

2007-01-22 08:26:22 · 5 answers · asked by Nikki B 1 in United States