Taxes - February 2007

Who do I turn all the sales receipts I saved last year to use for income tax filings

2007-02-03 16:18:10 · 5 answers · asked by Sue H 1 in United States

my boyfriend had four jobs in 2006 and just filed his tax returns this week and forgot that he still had one more w2 comeing that he got today in the mail, my question is can he file this w2 still even though he already filed taxes and got he money for the other three returns?

2007-02-03 16:06:13 · 9 answers · asked by daisy d 2 in United States

i know if u have kids, thats 1 tax deduction. what else?

only tax income. not business owners.

2007-02-03 16:03:44 · 5 answers · asked by beach_babe971 1 in United States

This past year I decided I wanted to start a business (photography). I've only purchased a few things and haven't made any money yet. Can I claim what I purchased as a deduction? Do you have to have a Tax Id number before you can do this? Do I have to file a seperate form (from my standard tax form)? - Thanks for the help!!!

2007-02-03 15:56:33 · 6 answers · asked by Anonymous in United States

2007-02-03 15:46:07 · 6 answers · asked by Renea W 1 in United States

Owe over 45,000 from '05 and need advise

2007-02-03 15:44:46 · 5 answers · asked by Scott A 1 in United States

I'm trying to get a bigger refund.

2007-02-03 15:44:32 · 3 answers · asked by Anonymous in United States

We lived in the second home less than 6 months during 2006. Thanks.

2007-02-03 15:24:18 · 5 answers · asked by T 1 in United States

I forgot about this job and jsut now received the w2. what are my options for filing this w2?

2007-02-03 15:14:45 · 3 answers · asked by Nicole R 1 in United States

Does anyone know how much income is in which bracket? I think my husband and I must have jumped up into the next tax bracket or something cuz for the first time in 27 years we have to pay in?!!? This sux!

2007-02-03 15:08:32 · 4 answers · asked by kris_mom_of_4_girls 2 in United States

I just received my 1099 from my online broker. I'm not sure what to report on gains so please help me. For simplicity, I bought stocks at $2500, and sold them for proceed of $2800. My profit would be $300 so I'm thinking I should only report $300 as income/gain but my 1099-B only seem to have $2800 as gain. I'm new to reporting stock taxes so please let me know if I should only report $300, thank you.

2007-02-03 14:56:13 · 8 answers · asked by Anonymous in United States

18 years old. I am dependent on my parents. I work part time at an assisted living center.

So I have come to ask the gurus of Yahoo:

I use to have two part time jobs. I quit one of them back in August (because I was starting school, and I wouldn't be able to work on weekdays).

So here are my questions:

1). Will I have to pay taxes for the job that I quit almost 5-6 months ago? (I haven't gotten my W-2 for it, btw it's KUMON).

2). When people refer to the $5121 limit (correct me if I am wrong) where if I make over that much, I must file for taxes. This may sound stupid but uh...does that mean that if I made $5121 in one year, I must file for taxes, or in total over a period of time (i.e over say a few years)?

Thanks for helping a tax newbie out!

2007-02-03 14:55:24 · 4 answers · asked by Anonymous in United States

2007-02-03 14:53:47 · 4 answers · asked by ta,mmyt 1 in United States

i believe i made one. i claimed more than allowed under tuiton and i already sent it in.

2007-02-03 14:52:41 · 11 answers · asked by Susan 2 in United States

I have problems defining my tax filing status. My wife and I got married in June of 2006. I worked all year in NYC and my wife till August in Boston. Even though I worked in NYC, my official residence was in Boston, MA till MArch. My wife lived till September in Boston before she moved to NYC. Do I file "married filing jointly"? We had different residences and it seem that the State filing requires us to file the State as "married filing seperat"? Can I in this case file as head of the household for MA since i financially supported the residence ?

2007-02-03 14:50:41 · 2 answers · asked by klinge73 1 in United States

2007-02-03 14:44:58 · 7 answers · asked by ta,mmyt 1 in United States

I I sure hope so need money 2 travel back lol can I file only state taxes n current state What about? SS#

2007-02-03 14:43:30 · 1 answers · asked by ta,mmyt 1 in United States

i havent heard a thing from the irs about this. i have filed each year since 2002.

2007-02-03 14:36:24 · 6 answers · asked by not who i appear to be 1 in Other - Taxes

The agreement and 1st payment was reached in Nov. of 2005 and I made the last payment in July 2006...Didn't get a1099 from them.

2007-02-03 14:35:31 · 1 answers · asked by jerryscoins 1 in United States

Hello. I have a question about taxation of pay. My husband is an actor, when he signs a contract to do a project, it states rate of pay for the day and that residuals are to be paid to him (whatever the stipulations may be). Why are his residuals taxed soooo high? It's about 47%! It's taxed like a bonus, but it's actually part of his pay, so why does the government do that? Are they just trying to take more taxes from the more highly paid actors and raping the little guy in the process? Cause that's how it feels.

2007-02-03 14:25:48 · 2 answers · asked by Chellebelle78 4 in United States

I worked in two different states this year. How do I file for the federal income tax return? Do I need two 1040 Form sent?

2007-02-03 14:22:06 · 4 answers · asked by Sean 1 in United States

2007-02-03 14:20:13 · 4 answers · asked by Anonymous in United States

2007-02-03 14:15:31 · 3 answers · asked by michael m 1 in United States

also no one has the right to claim her am the sole provider i am just confused on what is gonna happen i already contacted the irs but there no help now i have to wait forever to get my taxs back.it is crazy why people r like that.

2007-02-03 14:09:13 · 10 answers · asked by shell 2 in United States

My wife and I won a Dell Laptop from ePrize last summer. We were told that although the prize was free we would have to pay a tax on it.

Well...it has come time to pay our taxes and we have not received our required 1099 tax form from ePrize. I have called and left four messages with them and they have not gotten back to us.

My question is: when is a 1099 tax form required to be mailed and received? And: should I contact the IRS? Are they in violation of any laws since I have not recieved the 1099 tax form yet?

2007-02-03 14:08:54 · 3 answers · asked by Justin P 1 in United States

i'm a single mom, my daughter is in my native land. i live here in US alone, i don't have any dependent here, i don't have a house. i worked a lot last year, making my gross high. i send most of my money to my daughter & family. when i file income tax, i wonder if i can claim my daughter as my dependent even if she's not here & even if she doesnt have social security number. i do have proofs of remittances. and my daughter's documents.

2007-02-03 13:54:35 · 4 answers · asked by bettina 1 in United States

I made 7 trades in 06 and am filling out a D-1. Just to make sure I am getting this right: Column d is the Sale price? (the total amount received upon executing the sale) Column e is the Price I paid for when buying, right? If e is $100 and d is $80...then my LOSS will be reported on column F, right?

*note my short term gain is $2,000*

Now, what doesn't make sense is the form D-1 is asking me to add all the amounts from Column d, which comes to $14,000 and then to combine the amounts in column f, which is my gain of $2000...making Part 1 of Sched. D, line3 $16,000...Why do they want the Sales price totals???

My main goal is to offset the short term gain of $2000 with my single-transaction, Long term Loss of $5000...making the loss of $3000 for the year.

It is just scary to see such a high amount for column D without showing for column e.

Is this right?

2007-02-03 13:51:34 · 2 answers · asked by Anonymous in United States

2007-02-03 13:38:29 · 6 answers · asked by Jack 1 in United States

My mother filed my taxes wrong last year and I ended up owing the irs $1,000.00. I'm a student and have a part time job. Is there any way to fix the problem?

2007-02-03 13:34:12 · 9 answers · asked by Firas 2 in United States

2007-02-03 13:33:18 · 8 answers · asked by Chris A 1 in United States