Taxes - January 2007

every year i get a form from my college. can i claim the tuition as a deduction. i am single and non-dependant.

2007-01-17 22:11:34 · 6 answers · asked by djthommanell 2 in United States

I would like to know if there is any provision in the income tax to claim exemption for buying only a plot of land. I don't intend to build a house immediately. I will be taking a loan only to buy the land for building a house .

2007-01-17 21:35:31 · 4 answers · asked by karthik 1 in India

I'm a single 20 year old living at home. Started working in june 2006 and get paid about 1 dollar above minimum wage. Will I have to pay taxes this year or will i get a refund?

2007-01-17 20:38:34 · 4 answers · asked by lola 1 in United States

I am new to trading..got lucky a couple of times and I profited about 10k this past year and about 16k form my military paycheck. I got a paper from my broker that says capital gains/losses 177k.... I put those numbers in a tax calculator and it says that I will have to pay 38k in my tax return..Geez im scared, How much will I really pay in Taxes? Please help my wife and I with this she is scared that we might have to declare bankruptcy. Thank you in advance for your advice...ohh if it helps we have one dependent and shes a student and only made about 4k for the year so that totals about 30k in total income for us this past year.

2007-01-17 20:03:01 · 1 answers · asked by jmol72001 2 in United States

I went to one of those instant cash places. It was less than $500. And I got it around April and I have had it payed off a few months ago. I don't know what other information you need but I live in Illinois and I have 2 other jobs.

Thanks

2007-01-17 19:25:57 · 7 answers · asked by THE 3 in United States

I was extremely shocked to find that a friend hasn't filed a tax return in 3 years and actually asked me if I knew how to throw off the IRS from finding her. She has moved twice in the past 2 years and now the IRS sent her an address verification form to her last address which was forwarded by the Post Office to her current address in a different state. So, should she provide a false address and send it in to the IRS? I told her she was going to lose the game she's playing, that they would find her, but actually, now I'm kinda interested to see if "there is a way".

2007-01-17 19:23:02 · 4 answers · asked by Lyle G 1 in United States

2007-01-17 18:36:58 · 2 answers · asked by amin_226 3 in Other - Taxes

me and my husband are married by common law.. he is the only one working while i am going to school.. should he file single or joint on his tax return? which one would get us more money?

2007-01-17 18:36:42 · 12 answers · asked by mony 2 in United States

If I set up my CRT as a revocable trust, I should have legal rights to change my mind and revoke/change the trust anytime. So the money shouldn't get stuck forever as long as I'm still alive. However, the IRS may want a bite from any principal withdrawal. If so, how much penalty or tax would I need to pay?

2007-01-17 18:26:04 · 1 answers · asked by John 3 in United States

In texas we have the "common law marriage" thing .. so i was wondering if i could file my income tax as married or should i just claim myself? Which one would be better?

2007-01-17 18:15:42 · 4 answers · asked by vwdelrio 2 in United States

or does it have to be done the same year?

2007-01-17 18:09:43 · 7 answers · asked by Anonymous in United States

I still haven;t changed my license over. I have a florida license and my w-2 has an alabama address. Would I need to change over my license? And would i need to go somewhere in alabama to get my taxes done? Or is florida ok? thanks in advance

2007-01-17 16:57:00 · 7 answers · asked by whoaaaa 2 in United States

Can I use the 1099s for selling a property less than a year, and if I own another property? Could I use the 1099s to deduct the sale of one property past mortgage interest, and the mortgage interest of the other home I will reside in? Can one use 1099s to sell only one property per year?

If I sell a home over two years, can I avoid some taxes, and if I own another home?

If I own two homes, and rent one out, would I be eligible for tax deductions on both homes mortgage interest?

2007-01-17 16:50:14 · 1 answers · asked by Shirley B 3 in United States

We are buying a house and pay taxes on it. We dont pay federal or state taxes.

2007-01-17 16:17:10 · 7 answers · asked by Anonymous in United States

i m little bit confused about that what should i do... they told me that courier charges will be borne by you so my dear frends could u pls.... suggest me should i send them courier service charges and is is true i m a winner of uk national lotterry 2007
pls help me i m very confused...........waitinf for ur answer pls........

2007-01-17 16:02:39 · 11 answers · asked by just_vic 1 in United Kingdom

I do my own taxes online each year using TurboTax (and have been really pleased with it!). This year, a few things are different for me. I have made some hefty investments in mutual funds, a Roth IRA, and I purchased a Life Insurance Policy. Do I need any information about these accounts for tax purposes?

2007-01-17 15:51:36 · 2 answers · asked by Hershey 2 in Other - Taxes

I got Rs.10 lakhs as retirement benefits and want to invest in a safe place and also expect maximum income from it

2007-01-17 15:33:08 · 8 answers · asked by gurdevsingh s 1 in India

I worked for this company early in the year and since then, I have moved so they dont have my right address to send my w2's too.
I have my last check stub but, to file I need their EIN.
The company is closed and all contact information is no longer good...
The company is: Anton Corp.
Doing business as A Temp
In Newport News VA
Any ideas????

2007-01-17 15:01:21 · 2 answers · asked by Jeff S 1 in United States

I got a 1099 today from a company I tutor for and it doesnt look professional or even legal enough to pass for any kind of form that the IRS would accept as a document. (I have received several 1099's in the past from other companies and this is NOT what they've looked like before.)

The information is typed on a piece of 8.5 x 11 white piece of paper
The info appears to have been typed in Microsoft Word in a plain font.

In the left top corner is the company name and address.
Two lines under that is a social security number (not mine)
Then 2 lines under that is only my name, town, state and zip code (no address).
Then to the right of the address is the dollar amount I made for the year. That's it.

The owner of the company put a post-it note on it in the envelope with a note to me saying, "this is your 1099". Is this form legal and when I send it in to the IRS are they going to question this with me???

Thanks.

2007-01-17 14:53:07 · 5 answers · asked by mrschrisc 2 in United States

i asked whos gonna win sunday and everyone is saying saints over bears all of u bear haters got another thing coming to u beware of the rex factor i feel a blowout saint have no chance cant wait till the bears take it to them reggie bush aint got nuttin on bears d

2007-01-17 14:46:58 · 5 answers · asked by matt12882003 3 in United States

2007-01-17 14:45:22 · 1 answers · asked by Yenny V 2 in United States

I am looking for something like.... under 25,000 - you get it all back

25,000-30,000 atleast 10 % they keep


30,000-40,000 ....well...whatever....ect...ect.. Thanks for your help

2007-01-17 14:41:46 · 3 answers · asked by Anonymous in United States

2007-01-17 14:26:01 · 3 answers · asked by Anonymous in United States

I don't have any other income besides my interest revenue, and the amount is not that much actually. My only income other than this is from my parents overseas. So basically, I earn nothing except interest revenue. Do I need to report this to IRS?

2007-01-17 14:05:45 · 16 answers · asked by Anonymous in United States

Are they typically received by now? If not, when?

2007-01-17 14:04:24 · 6 answers · asked by mikemilligan 1 in United States

I was married in September of 2006, and someone told me I would not have to file married, and then someone told me that I would. I live in the state of Indiana, if that makes a difference. Does anyone know a definite answer to this?

2007-01-17 13:59:51 · 12 answers · asked by starsgoblind 2 in United States

Is it possible or likely that the "diminished value" could actually be more than someone pays for the land itself.

2007-01-17 13:28:33 · 1 answers · asked by kd 1 in Other - Taxes

2007-01-17 13:24:18 · 8 answers · asked by ojsaccomplice 1 in United States

Can I file my own taxes even if I know I qualify for EIC and have student loans? What would be the cheapest way to do this?

2007-01-17 13:12:30 · 5 answers · asked by chingao 1 in United States

2007-01-17 13:00:28 · 3 answers · asked by trent d 1 in United States