Taxes - February 2007

Hi I live in TN and I read in the paper today our govenor is proposing to tax cigarettes 60 cents a pack .

We already pay almost 10 % sales tax
Why does everyone tax the smoker why not tax the rich for having expensive cars?

2007-02-06 13:21:26 · 12 answers · asked by oldhen53 2 in United States

i am a single mom of a 17 yr old and i am disabled, i do not have to file federal due to my income being below the taxable level, but what i am wondering is on my son's tax return where it asks can someone claim you as a dependent, i put no on his taxes, did them online, and now i'm wondering if this is right? i can't claim him since i don't file but if i did file i can claim him so which would it be? i really need this advice or does it really matter, he only made about 4000.00 this yr? but now i'm trying to apply for his financial aid and i want to make sure his taxes are right. any help would be great."

2007-02-06 13:13:50 · 4 answers · asked by msfusion 1 in United States

I'm a freelance illustrator with a representative. They take 30% from every job I get. Am I able to claim this as a professional expense?

2007-02-06 13:02:25 · 3 answers · asked by AlanaMcC 1 in Canada

On one tax question, it asks if someone can claim me as a dependent... How do I know if i can be claim as a dependent. I'm 18 years old and live with my mother. But she isn't going to filing any taxes this year.

So am I my mom's dependent still?

Please help, I need my tax information asap so I can apply for grants. Thank you so much for your time.

2007-02-06 13:00:49 · 7 answers · asked by Peter Griffin 1 in United States

me and my brother are on the same mortgage and we need to file our tax returns. He makes more than I do so we need to know how we can get the most on our return

2007-02-06 12:58:57 · 3 answers · asked by j_garcia29 1 in United States

I'll be spending about $7,000 out of pocket. I would guess I need to save and file receipts in a safe place to claim next year? What other advice should I use? Thanks

2007-02-06 12:53:34 · 8 answers · asked by MMike 3 in United States

when filing with turbotax there is a question when claiming the educational tax credits asking how much educational assistance i recieved to pay for college. since the money from the gi bill is sent to me and not to the college like most other kinds of financial assistance, can i leave that section blank and still claim the credit?

the problem is when i put in the money i recieved from the gi bill, then my qualifying tuition is reduced to zero because it is less. So basically what i am asking is whether or not the gi bill legally counts as education assistance when it comes to this situation.

please only give answers if you have experienced this situation before or if you have an accurate answer to the question
thanks

2007-02-06 12:46:14 · 2 answers · asked by I Like Cheese 2 in United States

2007-02-06 12:46:01 · 5 answers · asked by BURNO 2 in United States

The questions are: Can I amend this years taxes next year or do I have to do it now. And can I still amend my return even though I already spent it, or do I have to find a way to put the same amount I got back into my bank account BEFORE I amend it? (I did my taxes on turbo tax and accidentally put in a w-2 from 2005 instead of 2006 and the IRS accepted it.)

2007-02-06 12:37:07 · 5 answers · asked by ? 3 in United States

2007-02-06 12:25:53 · 10 answers · asked by Anonymous in United States

I live in FL and we are seperated, but not divorced. I have two children and have custody of both. He claimed one without my knowledge or permission. What forms do I need to fill out?

2007-02-06 12:18:22 · 8 answers · asked by amartz17 1 in United States

Does that work good? does it make you more money?

2007-02-06 12:04:23 · 8 answers · asked by Anonymous in Other - Taxes

Can I claim this rebate if all I had was a cell phone?

2007-02-06 11:37:36 · 4 answers · asked by Anonymous in United States

I had always thought they had to be mailed out by the 31 of January. My husband worked briefly through a temporary service. They still hadn't sent it to us so we called and they said they weren't going to mail it, we had to come pick it up from them. Is that legal? Do you know where I can find this information?

2007-02-06 11:35:48 · 5 answers · asked by pebble 6 in United States

I looked at a web site that had a list of employers and you could check to see if they sent my w2 forms out for 2006

2007-02-06 11:32:21 · 6 answers · asked by knott113 1 in United States

How do I go about doing that because I do my own taxes online and it doesn't ask for the information from 2005.

2007-02-06 11:31:46 · 5 answers · asked by HI:) 2 in United States

okay this is the deal. I collected unemployment for about 6 months got that w2 form. then i started working at a retail store only making 7 an hr working 6 hrs a day 6 days a week and it only shows 100$ were taking from fed taxes. and at the same time i worked part time at target making 8 $ an hr workig 15 hrs a week for a little over a month in a half and on that w2 form it shows only .07 wee taking out from fed and I think 0 taking from state on both target and the other retail job. then in sep I quit both jobs and started working at mu current job making 10 $ working 40 hrs a week and on that w2 form it has 0 tooken from fed and state.why? I'm married but only claiming yself and I have a daughter my husband been in jail for the past year so were not exactly together. and also at my current job they had me claiming 5 on my w2 form which was a mistake. So my question is will I owe back taxes? I usually get a pretty good refund back like 2800. pleaase help. sorry so long..

2007-02-06 11:25:57 · 5 answers · asked by juicy 3 in United States

I just spoke with an IRS rep and asked her if I should expect my refund on the 9th. She said that I should not expect my refund before the end of this month. How can they do this....I have gotten so many different answers from these people....is anyone at the IRS not on the same page?? The first time I called on 1/31 I was told if there weren't any problems to expect it on the 9th that there was a glitch in the system. The 2nd time I called I was told that there wasn't a glitch that 70,000 returns were pulled for review and was also told the 9th. Today I called to ask them if it was the 9th and she told me that it could be anywhere from the 9th to the end of this month if everything checked out. I then asked her why people were told 1/26 and for days the website said it was direct deposited when in fact it wasn't. All she could tell me was that it's an automated system and it's not reliable at all.
I am so frustrated!!!

2007-02-06 10:50:16 · 3 answers · asked by LEL61719 3 in United States

And what is deductible? Gas, mileage, hotel, truck rental, supplies, food, airfare? I moved due to job relocation, however my employer did not help with the move. I'd like to claim the expenses on my taxes.

2007-02-06 10:39:53 · 6 answers · asked by amy23 3 in United States

I own an insurance agency. I have a seperate checking account for insurance premium funds. When we collect a insurance premium payment from a customer, the funds are deposited into this account and then we send our agency check to the insurance company. How are these funds treated on form 1120S?

2007-02-06 10:36:32 · 1 answers · asked by jtesta46 1 in Other - Taxes

My governor (PA) proposed 1% state sales tax increase in order to lower property taxes (it is not clear to me by what amount).

My initial blush is: "at least my property taxes were deductible".

Am I looking at this the wrong way? Will I ultimately come out ahead or behind by this shifting of the tax burden? What scenario would ensure that I came out ahead, short of shopping in WV or OH?

FYI: In PA, there is no sales tax on groceries, clothes or Drugs/medical supplies as wall as other minor exceptions.

2007-02-06 10:19:56 · 3 answers · asked by abraham_15221 2 in Other - Taxes

I have a refund coming to me with 8-13 days (it's already been 10) but a co-worker told me that I won't get my money deposited in my bank until next Tuesday because that's the only day the IRS does that.

2007-02-06 10:14:51 · 3 answers · asked by Misty 2 in United States

i did the e-file thing with tax act today and asked for direct deposit. how long do you think it will take to get my money?

2007-02-06 10:09:48 · 4 answers · asked by Anonymous in United States

2007-02-06 10:02:45 · 4 answers · asked by matthew b 2 in United States

2007-02-06 09:59:07 · 5 answers · asked by Peter D 1 in United States

2007-02-06 09:57:50 · 5 answers · asked by almghtydez 1 in United States

He had no income last year. Also can I claim my neighbors dog as he sometimes steals my dogs food?

This is a bit of sarcasm after reading some of the tax questions on here.

2007-02-06 09:42:08 · 14 answers · asked by Anonymous in United States

Last yr my tax return was around $4500 and my fiance's was about $3700 thanks to EIC. Now I'm finding that because we got married we cannot file separately if we want EIC. We have to combine our income and may be over the amount or if we qualify it will be for far less. Did we lose $5000 a year just by getting married? I thought married couples got a better tax return and larger deductions! I am getting very frustrated! Someone please help me! We have four children between us and really depend on our return to catch things up at the end of the year.

2007-02-06 09:36:26 · 10 answers · asked by nascarmommy 4 in United States

I am not sure what to claim. People have told me to claim the max throughout the year and not let any taxes come out of my checks during the year. They say I will still get a big return. I want to make sure. I would rather have the big return at the end of the year.

I can claim head of household becuase of my daughter. But, I am not sure if I can get the child tax or the additional child tax credit. I cannot seem to figure out if I am eligible.

If I continue to work like I am until the end of the year, my gross income will be like $17529.60. (As close as I can tell) I would appreciate any help that anyone can give me.

Thanks so much.

2007-02-06 09:35:59 · 4 answers · asked by roseygurl99 2 in United States

I am not going to take a course right now but i would like to know some good books or online resources.

2007-02-06 09:25:37 · 13 answers · asked by peaches 1 in Other - Taxes