Taxes - February 2007

I'm a single-filling college student and made around 7,500 last year. I paid in state and federal, but will I get that all back? What is the cut off for a student whose parents still claim them as a dependent?

2007-02-05 09:42:32 · 5 answers · asked by HMBreest2 2 in United States

I am interested to set up a UK Limited Liability Partnership. I am not a UK resident (though EU National). Two questions:
1. Am I subject to UK tax in such a case?
2. Suppose the answer for 1 is "no". How do I withdraw money from the LLP without paying any taxes to UK authorities? Do I just transfer it to my personal bank account?

Thanks.

2007-02-05 09:40:19 · 3 answers · asked by Anonymous in Other - Taxes

2007-02-05 09:33:01 · 5 answers · asked by planitstarr 1 in United States

I have filed an original 1040 last year for 2005. Then I realised that I forgot some info, then I filed an amendment (1040X).
Again I found out that there's still more info that I forgot.
Can I file a second amendment?

2007-02-05 09:33:00 · 3 answers · asked by Mike 1 in Other - Taxes

I am single. I filed with NY as a non-resident. I calculated my taxes with Turbo Tax and it says I am to receive a refund from NY and owe to NJ. Do I need to file both a NJ tax return and a NY? Thanks. The tax software is only allowing me to file one.

2007-02-05 09:21:53 · 5 answers · asked by Joshua R 1 in United States

I sell some things on ebay, not as a living, but as a way to get some extra cash. Do I have to still report it to the IRS? Thanks

2007-02-05 09:21:05 · 5 answers · asked by Anonymous in United States

I have not worked in a city where local taxes are deducted from my paycheck in about 4 years. This year I recieved a paycheck from a previous employer from some lawsuit they had going and I paid 3.00 in city tax. Do I have to file a city tax return for that tiny amount? And if so how do I file if my husband is filing for a different city, but we filed our federal and state returns as joint?

2007-02-05 09:19:52 · 3 answers · asked by jenica0926 2 in United States

What had happend was I am granted a certain amount of money each semester along with work study i cant make no more than $1,990 each semester so me and my husband filed income taxes together and I completely forgot about my work study form so now after we get our check for the income tax return I get in the mail my W-2 form from the college I go to for work study so what will happen? will I have to pay the IRS and who do I need to contact? HELP Im kinda freaked out!!!

2007-02-05 09:18:37 · 12 answers · asked by ???.??LIFE'S THE PITS??.?.?? 3 in United States

2007-02-05 09:15:43 · 4 answers · asked by da_dragonx 1 in United States

i am 24 i started working @ 16 but i have never filed taxes do you think i can still file or will i just get what i worked last year ? i dont owe them money but should'nt i get the money they took from me over th years??? pleez help

2007-02-05 09:14:03 · 5 answers · asked by jenn jenn 1 in Other - Taxes

2007-02-05 09:12:52 · 3 answers · asked by sugarbud 3 in Other - Taxes

My sister passed away in a plane crash and the plane was insured. If the insurance company wrote me a check for $50,000 how much should I be expecting to pay in taxes? I'm so confused....

2007-02-05 09:08:03 · 7 answers · asked by Kara 3 in Other - Taxes

I own a rental house. I bought the house so that friends of mine who already lived there would not have to leave when the house was sold. I only paid $50K for it and it was appraised at a little over a $100K. I have owned it for almost 3 years. I have always charged the couple the price of my mortgage payment so I have never made a profit. Now that the husband has been diagnosed with cancer, they are not able to pay the full amount so they pay about $150 less than the actual mortgage payment. TurboTax has indicated that the government may subject me to special rules about how I claim my deductions unless I can prove that I intend to make a profit. TurboTax says that the IRS may believe that I am charging a special rate because they are friends/relatives. It doesn't tell me what those rules are. I need to know what those rules are & what kind of deductions I can take. I need to know if the fact that the property value is so high is sufficient to show that I will make a profit.

2007-02-05 09:04:11 · 6 answers · asked by illume_13 2 in Other - Taxes

2007-02-05 09:03:16 · 7 answers · asked by Anonymous in United States

I know I have to file taxes on it even though I have no other income. Is there an exception for disabilty on the 20% my old employer withheld so i can get it back? Anyone know what IRS brochure covers this in normal English?

2007-02-05 09:00:19 · 2 answers · asked by been there done that 2 in United States

If you have profits from the stock market, is all of it taxable even though it has been re-invested or rolled over? Is profits within an IRA taxable?

2007-02-05 08:55:49 · 6 answers · asked by Gerald M 1 in United States

I am getting ready to file my taxes for '06, I receive food stamps for a few months last year as well as health care benefits for the entire year for my daughter. Will they ask if you have received these services when you go to file?

2007-02-05 08:54:01 · 2 answers · asked by Beautiful Disaster 2 in United States

I just got back all 4 w2 forms from 2006. I received unemployment , for about 6 months then I worked at the mall for 4 months and on that w2 form it shows federal income tax with held to be 100 $, then I worked at Target part time for about a little over a month in a half and it shows federal income tax .07 cents and now at my current job it shows federal income tax withheld 0 $. I called my boss and asked why and he checked to see how many I claimed and he said I claimed 5 which I never would have the form must of either gotten filled out wrong or a mis print. So my question is will I owe back taxes? I have a 5 yr old daughter and I am married but we didn't live together for 11 months last year.So will I owe taxes or get a refund as usual?

2007-02-05 08:47:10 · 6 answers · asked by juicy 3 in United States

I sold and purchased a home in 2005-however, I was not able to utilize deducting the interest or any other deductible because my CPA explained I have such a small taxable amount-my deductions wiped everything out. So, I didn't owe taxes-but received no refund. I should also mention my date of disablity is 2003 and I do not work. Does anyone know of any tax law(s) in reference to disabilities and mortgages?

2007-02-05 08:44:36 · 7 answers · asked by Toddeels 1 in United States

We currently have 3rd lowest rate in US at $.18 per pack. Why would a state with some of the worst health issues in the US not raise tax on this harmful product?

2007-02-05 08:43:20 · 1 answers · asked by Anonymous in United States

Hi, I was just wondering how do I get a tax id number anybody know the details? Thanks

2007-02-05 08:43:10 · 1 answers · asked by K J 3 in United States

2007-02-05 08:28:47 · 8 answers · asked by Andrew P 1 in United States

I did and sent my taxes out on Jan 19th... On friday of last week i got my small check ( i think its the federal one ? ) ... how long do you think it will take for the big check to come ? ( i think the state one ? ) do they usually come about a week apart? or a couple days ?

2007-02-05 08:14:16 · 4 answers · asked by Anonymous in United States

Or do i need to do anything special, like sending it registered or certified mail.

Also the mailing address for Ohio is just: Kansas City, MO
64999-0115
Does that make any sense to anybody?

P.S. Don't tell me to e-file as a solution.

2007-02-05 08:10:11 · 6 answers · asked by Lexi 5 in United States

I live in New Jersey, I'm Single and live with my parents so I don't pay rent. However I work and receive all of my income from New York. I've also changed jobs towards the end of last year but both jobs were located in New York City. Should I file for New York or New Jersey?

2007-02-05 08:03:06 · 8 answers · asked by Anonymous in United States

I only worked for 3 people....kept track of my earnings but don't have copies of checks. Just my log book.

2007-02-05 07:57:40 · 6 answers · asked by grdnrim 1 in Other - Taxes

I was issued an IRS Individual Taxpayer Identification Number. Does anyone know were I can call or go to in Nevada to get a copy of it because I lost the original? PLEASE HELP!!!!!!!!

2007-02-05 07:55:55 · 2 answers · asked by Sam C 1 in United States

How do they figure how much it costs for them to do your taxes? I did them myself but Im not sure if they are right? So I did the work but they will get my $...not fair. Anyway, if I am getting back 6000.00 how much of that do they keep?

2007-02-05 07:51:40 · 9 answers · asked by Mr. Knowitall 2 in United States

IRS 1040 tax form

2007-02-05 07:51:18 · 2 answers · asked by Howard C 1 in United States

I am a volunteer for a non-profit organization and help fill out the Form 941 and 944 in addition to Form 990. Your help is greatly appreciated.

2007-02-05 07:51:01 · 2 answers · asked by khenghean 1 in United States