Taxes - February 2007

I received a 1099-B form detailing the proceeds I received when I got rid of my Sharebuilder stocks. However, I can find nothing in the 1040 instructions for where to report this income on lines 7-22 in the Income section of a tax return.

2007-02-28 14:32:38 · 5 answers · asked by tudn127 1 in United States

I'm married since 2005. Wife only worked 5 months in 2006 and made $12k and spent 3 months abroad. I made $40K. We live together and own a home. No kids.

Any advice would be much appreciated. TY!

2007-02-28 14:14:28 · 4 answers · asked by Aaron A 3 in United States

I am right below the maximum cut-off point for the earned income credit. I am wondering if I do freelance work and up my income by say, 3,000, am I just wasting my time because I will no longer qualify for that credit? In other words, am I just working next year's refund away?

I am a single mom with two dependents.

2007-02-28 13:50:03 · 3 answers · asked by mizchulita 3 in United States

I need to amend?

2007-02-28 13:41:55 · 4 answers · asked by uthinkso 3 in United States

2007-02-28 13:25:55 · 6 answers · asked by Anonymous in United States

2007-02-28 13:24:20 · 6 answers · asked by drf2684 1 in United States

I don’t understand how to fill out a w-4 form. I’m married, but have been putting single on my w-4 form. What is the difference between claiming 0 & 1? I heard that 0 will allow you a larger refund at the end of the year but takes more taxes out of your check & putting a 1 will result in paying back the IRS but less tax taken out. Also, if taxes get taken out of our checks, why is it that sometimes we have to still pay back during income tax time? If I am married, can I still claim single on my w-4? If so, how many allowances should my husband put on his and what about mine? We have no kids. I also have a 2nd job so I’m not sure how I would include that or fill that one out as well. Is it true that if my husband puts 1 allowance on his, I can’t? How does filling out a W-4 as married affect our checks or w-2/refund at the end of the year? I just double-checked and my husband & I both claim 1 on our Federal & State for 2006 through now. Does that mean that when it comes for filing incom

2007-02-28 13:13:10 · 4 answers · asked by scarlettqueen 1 in United States

There is a business in Texas, that charges sales tax on ebay. I have made several purchases on e-bay and as long as i was in a different state, i have never been charged sales tax. I can see charging the tax when its inside Texas.. So what gives?

2007-02-28 13:06:45 · 1 answers · asked by Anonymous in United States

2007-02-28 12:51:18 · 5 answers · asked by ? 2 in United States

Unfortunately my father past away a few months ago. Been doing deep cleaning lately and I'm wondering if have any reason to keep his very old tax return documents. I'll keep the most recent but is that all I should keep? He doesn't owe anything or anything like that, so I want to get rid of it. Let me know if I'm not making a huge mistake :)

2007-02-28 12:26:35 · 5 answers · asked by nindash 1 in United States

Did I miss the deadline? How do I go about pushing it back?

2007-02-28 12:24:52 · 4 answers · asked by Anonymous in United States

2007-02-28 11:59:39 · 4 answers · asked by TONY 1 in United States

I'm looking to file my 2005 taxes. From what I've been told, it can't be done electronically.Does anyone know 'how' exactly I'd go about doing this? What forms I'd request and what not? Also, is this something I can do myself? I'd rather not go through H&R Block or anything/anyone like that... Is there a form on the IRS website I can print out..? I looked but couldn't seem to find any. Thanks guys.

2007-02-28 11:51:25 · 4 answers · asked by monie0078 2 in United States

2007-02-28 11:24:33 · 6 answers · asked by Reposeu 1 in Other - Taxes

How do you simply determine your tax savings from a RRSP deduction? Do you multiply your deduction amount by your marginal tax rate or effective tax rate? How do you calculate your marginal tax rate?

2007-02-28 11:12:22 · 1 answers · asked by curious cat 3 in Canada

2007-02-28 11:04:49 · 4 answers · asked by Anonymous in United States

I want to purchase wholesale items as a LLC but I wonder if I can take those products and sell them on ebay instead of my online store?

2007-02-28 10:59:14 · 8 answers · asked by Bri up 1 in Other - Taxes

2007-02-28 10:41:56 · 1 answers · asked by mrtaxtips 2 in United States

My taxes were sent via mail on Feb 8th and I opted for direct deposit. My irs.gov link to where's my refund said I wouldn't get the money until Mar. 27th. How many of you have gotten the wrong date from the IRS and received the direct deposit much sooner?

2007-02-28 09:51:42 · 9 answers · asked by jasontogs 3 in United States

2007-02-28 09:50:15 · 2 answers · asked by aplusstudent1996 2 in Other - Taxes

2007-02-28 09:28:44 · 9 answers · asked by pumpkin 1 in United States

2007-02-28 09:28:12 · 8 answers · asked by smitty 1 in United States

Im selling a house and want to know how long I have to reinvest before i have to pay capital gains tax on that money????

also what are the guidelines for the reinvestment?

2007-02-28 09:25:34 · 8 answers · asked by sean_4767 1 in United States

In the beginning of every April, year after year, after year, mass media ie., television, radio, newspapers all talk about the tax filing deadlines and all the headaches associated
with them. Dont forget to sign your names, dont forget to sign your check, dont forget to put a stamp on the envelope, etc.

My question is: Of those people who use this forum to ask your tax questions, and after receiving expert answers from knowledgable people, will you ask the same question year after year, or will you remember what you did incorrectly and apply it to 2007 and
future years?

2007-02-28 09:14:59 · 2 answers · asked by bold4bs 4 in Other - Taxes

I do bookkeeping for a small business.
Since I am no ownership interest, I work as a "contract employee" and make myself a check monthly for my services.
I do not withhold taxes and settle up at the end of the year since I have other sources of income.
Do I need to make myself a Form 1099 since I do the books, write my own check, and know what I made last year.

2007-02-28 09:10:30 · 5 answers · asked by Kari 4 in United States

Every year the assessors office "tax" equipment and supplies purchased by a company. What is the tax for? Where is it used? How it is differentiated with sales tax? Why pay this kind of tax when we already paid sales tax when we purchased an item?

2007-02-28 09:08:45 · 5 answers · asked by Just my thoughts 1 in United States

2007-02-28 09:05:56 · 9 answers · asked by sweetray 1 in United States

In the US on itemized tax filling, can one write off electricity, phone, water tax?

2007-02-28 08:52:42 · 4 answers · asked by J 3 in United States

2007-02-28 08:49:17 · 9 answers · asked by James O 2 in United Kingdom

2007-02-28 08:46:08 · 3 answers · asked by heepsand 1 in United States