Taxes - January 2007

H and R Block with the audit protection(or any other brands)? I run a real estate business where 100% of my income derives from rent collected from rentors. I also need a system that figures out depreciation on my investments, houses, farmland etc...
I've had my taxes proffessionally done and electronically filed the last few years and have been very satisfied and the bill from my accountant comes out to about $150.00 per year. I am self-employed and am supposed to be paying in quarterly but the penaltys are not that high from the IRS so I just do them all at one time.
Any advice would be appreciated!

2007-01-18 04:08:25 · 8 answers · asked by Anonymous in United States

me and my wife made 38,000 together and have on 5 yr old what the est. refund we get back?

2007-01-18 04:07:47 · 2 answers · asked by j g 1 in Other - Taxes

I am newly married (less than a yr) and my hubby owes the IRS $$ because of an overpayment a few years ago. If we file together won't they claim the return for his debt? Is there a way to have tax forgiveness this time since we just found out about a mini audit. I thought I read somewhere that they wont claim the entire tax return since we haven't been married that long. Please only answer if you have experience with this or are a tax preparer. Thank You.

2007-01-18 04:07:35 · 4 answers · asked by Me! 2 in United States

2007-01-18 04:06:59 · 4 answers · asked by simply me 2 in Other - Taxes

2007-01-18 04:06:38 · 1 answers · asked by katrinasfather 3 in United Kingdom

By filing electronically, I am saving the IRS a huge amount of time and money and helping them to avoid errors. Don't you think they should give us a small tax Credit or rebate for filing electronically? If you agree write to your congressman. PS-I file on paper until the charge is eliminated.

2007-01-18 03:54:10 · 7 answers · asked by Ovrtaxed 4 in United States

2007-01-18 03:50:51 · 4 answers · asked by christibailey22 1 in United States

for ex. you don't file one year and the next you do but don't use last yrs w2. whether or not you are due a refund, you have 3 yrs to claim it or forfeit it. well, if you, unfortunately, owe, would you still have to pay if your 3 yrs have expired on this particular tax season? if you can't collect, why should they be able to after the 3 yrs have expired?

2007-01-18 03:44:17 · 6 answers · asked by angella t 1 in United States

where do you claim your car taxes, do you have to itemize? I do not use my car for working purposes

2007-01-18 03:36:35 · 5 answers · asked by DIANE N 1 in United States

2007-01-18 03:32:47 · 3 answers · asked by Marcie E 5 in Other - Taxes

I need the FEIN for Mega Motors,Inc. located at 9409 C.F.Hawn Fwy,Dallas,Tx75217

2007-01-18 03:27:37 · 2 answers · asked by ju-ju 1 in United States

I made $17,272.14, and they withheld $1,953.32 on taxes. I am a unmarried Tennessee resident, filing alone. Approximately how much can I expect to get on my tax return?

2007-01-18 03:23:49 · 9 answers · asked by Trav 1 in United States

2007-01-18 03:22:21 · 6 answers · asked by juicy 1 in United States

I'm used to having 38% of my income taken away in taxes here in NYC but after getting my bonus and seeing that nearly half of it was taken away in taxes ( 25% Fed, 7% State, 4% new york city, and another 7% in FICA, FMHI, SDI, etc.) I'm seriously considering a move to a more tax friendly city. Perhaps outside the 5 boroughs of NYC or even NJ. I think its ludicrous that people are taxed so high so that we can pay for "poor" people's medicine, food, and rent while they're sporting bling bling, drive Lexuses, and buy fancy brand ice cream at the grocery store. Any suggestions?

2007-01-18 03:21:21 · 6 answers · asked by Smart A 2 in United States

Any thoughts?

2007-01-18 03:15:51 · 11 answers · asked by keepmynameoutchamouth 2 in Other - Taxes

think we should be an income tax free state? Why or why not?

2007-01-18 02:37:20 · 3 answers · asked by Anonymous in United States

I got 6,000 from unemployment with no taxes taken out. 13,897 in casino winnings that I owe taxes on. 1,552 winnings that I had the taxes taken out. Gross pay 8,400 Net pay 1,877. I paid 5,483 in federal 396 in state FICA 520 med was 121. I am filing head of household with 1 child. So I am getting EIC . What is my return or will I owe. Can I file for Homestead and should I fill out the Rent Certificate?

2007-01-18 02:36:00 · 6 answers · asked by lorry42766 2 in United States

I bought a house about a year ago and I just recieved a form from the bank stating the amount of interest paid for the year. I found out that the bank is virtually reping us up. The interest taken for the year is five times the amount that goes towards the loan it self. Do you recieve anything back from this when filling taxes, or is there any way to go about it to reduce that big cake taken by the bank for no good reason?

2007-01-18 02:18:09 · 5 answers · asked by hahol 1 in United States

My wife and I are filing separately because of the living situation we're in and we don't own a home. We both have contributed money to a local church organization, and would like to know what is the minimum you have to give to be able to claim the contributions as a deduction? Does that make sense? Also with me going to school this past year but having recieved financial aid and Ch. 35 veteran benefits (Father is 100% disabled Vietnam Vet) is it still possible for me to claim education credit as an exemption?

Thank You

2007-01-18 02:13:55 · 5 answers · asked by unknown 4 in United States

Mileage, hotel, meal allowance....I pay out of pocket, submit an expense report, and my boss cuts me a check. Does the IRS consider that income?

2007-01-18 02:08:31 · 8 answers · asked by missvictoria30 5 in United States

2007-01-18 01:42:38 · 9 answers · asked by mpgillis777 1 in United States

is there rule that your IRA must be completly drawn down with in so many years.after you start drawing Like 10 year??

2007-01-18 01:16:21 · 2 answers · asked by Anonymous in United States

2007-01-18 01:09:06 · 2 answers · asked by sableipanet 2 in United States

Are there special tax filing requirements for a friend of mine who over the course of last year lost her husband and moved to another state? She had been listed as a dependent on her husband's taxes. Does she have to file taxes on her deceased husband's behalf? Would software such as Turbotax handle her situation or would she be better off having taxes done by a person such as HR Block or a CPA?

Thx.

2007-01-18 00:52:40 · 10 answers · asked by QueAndAy 1 in United States

2007-01-18 00:51:19 · 7 answers · asked by Joyce D 2 in Other - Taxes

2007-01-18 00:42:12 · 5 answers · asked by manid 1 in India

2007-01-18 00:24:11 · 15 answers · asked by tyler 2 in United States

2007-01-17 23:43:21 · 6 answers · asked by Yenny V 2 in United States

1,000,000 people gave me one dollar each to help me quit my job and become a philanthropist. are these considered donations and what type of taxes are owed?

2007-01-17 23:31:25 · 3 answers · asked by ruth c 1 in United States

whats the better software for tax preparation,h and r block or tax cut? Please advise as to why ou like the one you chose.

2007-01-17 23:18:27 · 6 answers · asked by Yenny V 2 in United States