Taxes - February 2007

What is the value of a used printer? Key word is used? Is it the value of what you would find on eBay or Amazon....or a deprecation of the original purchase cost...but the product changed hands.

This printer costed supposedly $310 when it was first purchased - 2004. (2004 is considered old!) I now can get it new one Amazon for $160 but I can buy it used on eBay for $36. So how much would a tax receipt be worth? $310 less 10% per year for business depreciation, $160 for a new one but it isn’t new, or $36 for the fair market value for a used one on eBay?

Anyone have any ideas?

2007-02-26 13:01:10 · 5 answers · asked by Anonymous in Other - Taxes

I joined a company in Oct 2006 and incurred business expenses (which were approved by the CEO) totalling $3500.00 in tax year 2006, of which ZERO was reimbursed to me. The company was also remiss in paying me my salary for a certain period (roughly $7000). In late Jan 2007 the company's assets were foreclosed, the company is no longer in business, and it is very likely I will never recoup any of these approved expenses or salary (Yes - I have filed a claim with the California Division of Labor Standards Enforcement board and I have a hearing in April). Can I claim these amounts as a casualty loss for last year? If some or all does get recouped can I account for it on the 2007 return? If not casulaty loss is there another option to lessen my tax burden from this lost income?

Thanks!

2007-02-26 12:41:45 · 5 answers · asked by Anonymous in United States

I asked this question about 4 to 6 months ago. It was about a phone tax that everyone was paying for the last 100 years. I didn't know the name of tax but the telephone people couldn't even tell you what it was. People that replyed to my question didn't believe me or wanted a name of the tax. Well guess what, I was watching the news last night 2-25-07 and they mentioned it and i was right. I'm not bragging, I just want to let everyone know that when you do your taxes that there is a line that needs to be filled out. They said that everyone should recieve about $60.00. I don't remmember the amount but they said it would cost the government so many billions of dollars, so pass the word. This is a fact from Jack!!!
P.S. This was a tax i believe from the Spanish American War. Have a great day.

2007-02-26 12:35:05 · 3 answers · asked by black jack 2 in United States

2007-02-26 12:32:38 · 3 answers · asked by Anonymous in United States

Do you send out statements for tax purposes on contributions made during any given year? Please respond soon, Richard B. Clark, Holy Spirit Parish, San Jose.

2007-02-26 12:15:27 · 2 answers · asked by RICHARD B C 1 in United States

Last year I bought a home. I know the interest and taxes may be deductible. A friend told me that the closing costs were also deductible. Is this true?

2007-02-26 12:14:53 · 5 answers · asked by sukcorb 2 in United States

I have two questions I was hoping someone could/would help with?

1. After having filed my 2006 taxes (I've received and spent my refund), I just realized that I didn't file one of my W2s. Last year was really hectic for me, and I worked a number of jobs. Somehow or the other, I missed out on one. What do I do now..? Does anyone know? Do I 're-file'? Doesn't/wouldn't/shouldn't that affect the refund collected?

2. Also, as I didn't file my taxes at all in 2005 (this one wasn't negligence. I was out of the country), I requested a copy of my W2s from that year, and will be filing it tomorrow... Does anyone know how (or if) Question 1 affects this?

I hope I haven't been too confusing. If anyone can help, please do... I'm going insane with thoughts of being audited by the IRS.

2007-02-26 12:13:17 · 3 answers · asked by monie0078 2 in United States

I need to know when you are self employed and married. If you need to do taxes together or separately. Please let me know right away. Thanks for your help on this.

2007-02-26 11:58:16 · 3 answers · asked by coolredhotmama 1 in United States

am i going to have to pay taxes i live in Ma if that helps

2007-02-26 11:49:01 · 10 answers · asked by want to travel 1 in United States

After e-filing my return I didn't recieve my refund when I should have. I checked my return and noticed that I had omitted a number in the bank account number. What do I do now?

2007-02-26 11:33:40 · 5 answers · asked by lawai88 1 in United States

2007-02-26 11:27:00 · 4 answers · asked by hunter13 1 in United States

did it actually take for you to get your direct deposit after receiving the "We have received notice from the irs......should be deposited in 2 buisness days"

----I do not have any deducation, just a regular file, so i doubt its held up.

2007-02-26 11:25:31 · 4 answers · asked by heather 2 in United States

im doing my taxes, but im still going to school, does this mean that i can claim it every year that i study, or should i do it once im done with school?

2007-02-26 11:22:32 · 4 answers · asked by divemares2000 1 in United States

2007-02-26 11:16:58 · 6 answers · asked by billysimas 3 in United States

2007-02-26 11:04:14 · 2 answers · asked by Tuesday K 1 in United States

2007-02-26 11:02:36 · 2 answers · asked by Christopher V 1 in Other - Taxes

did it actually take for you to get your direct deposit after receiving the "We have received notice from the irs......should be deposited in 2 buisness days"

----I do not have any deducation, just a regular file, so i doubt its held up.

2007-02-26 11:02:16 · 1 answers · asked by heather 2 in United States

i live in michigan and i was wondering whats the lowest amount you must make in order to file taxes. i dont want to file if i dont have to since it usually costs more then ill get back.

2007-02-26 11:00:33 · 4 answers · asked by Anonymous in United States

2007-02-26 11:00:05 · 4 answers · asked by want to no 1 in United States

2007-02-26 10:53:29 · 5 answers · asked by Catherine D 1 in United States

I GOT REFFERED TO A NEW TAX GUY AND THOUGHT EVERYTHING WAS FINE IT ONLY TOOK 15 MINUTES I GAVE THEM ALL MY PAPER WORK I HAD TO FILE ,THEN SIGNED IT AND MAILED IT OUT,,WHEN I GOT HOME I READ OVER THE RETURN ,,I NOTICED DEDUCTIONS THEY JUST FILLED IN TO GET MORE BACK WHAT WILL HAPPEN AND WHAT DO I DO IF I GET AUDITED?I figured they would do it legit because i messed up on the computer before so i took it to them and it seems wrong?

2007-02-26 10:45:03 · 4 answers · asked by kcir1979 1 in United States

When I do my taxes, is it ok to use my 1098-t form I printed from online? It still has the same information as the official one.

They don't send in the form either right? I'm trying to clarify this all, this is my first time using it.

2007-02-26 10:42:02 · 4 answers · asked by Sweetie 2 in United States

2007-02-26 10:36:58 · 4 answers · asked by Dor 2 in Australia

Tax refund - If I had $8,000 taken out for taxes and I make $40,000 a year, how much should I expect to receive back in my refund?

I'm single, No Dependents, I own a home, Standardized deduct.

2007-02-26 10:18:34 · 1 answers · asked by Ashley E 1 in United States

I e-filed my Federal taxes yesterday and got approval from the IRS, all I need to do was mail in the 8453-OL and I would get my direct deposit.

I found out today that I did not include some interest income on loans and need to adjust. I have the 1040X amend form (which is another question on how to fill it out!). I see that this takes 12-weeks for the refund.

Here's my question: do I send in the 8453-OL now and get my return, then send in the 1040X later on and wait for whatever that adjusted balance is? Do I hold off on sending the 8453-OL, and then wait for the amended paperwork to got through, which would then mean I have to wait 12 weeks for the full refund?

I know I need to print out and mail the 1040X, not sure of this other stuff though, thoughts?

2007-02-26 10:08:38 · 3 answers · asked by jambi 1 in United States

Do I have to pay tax on any of this?

2007-02-26 10:08:03 · 4 answers · asked by Jones K 1 in United States

I earn about £8k from my part time job and bout £7k for my bursary. But i'm used to full time pay so want to do hair extensions from home but not sure how much i can earn before i must declare.

2007-02-26 10:04:52 · 7 answers · asked by Scarlett write 3 in United Kingdom

Tax lien was paid with federal tax return money last year. The state automatically took what was needed to pay it and then I received the rest of my federal return then. State of Ga. dept of Rev shows it paid but courthouse does not. Dept. of rev supposedly sent release to courthouse but was lost and now they are all just waiting. I have called dept. of rev repeatedly for over six months and still is not resolved. Tax liens have been paid since 02/13/06. Need Help bad!!!!!!!

2007-02-26 09:58:28 · 1 answers · asked by Brandy B 1 in United States

Tax refund - If I had $8,000 taken out for taxes and I make $40,000 a year, how much should I expect to receive back in my refund? Thanks!

2007-02-26 09:53:02 · 3 answers · asked by Ashley E 1 in United States

When is the official day to file 2006 taxes in 2007?

2007-02-26 09:37:35 · 5 answers · asked by athompson 1 in United States