Taxes - February 2007

Do I have to file both state and federal? Under what conditions would someone only file state OR federal? Do you always file for both?

and if I owe to the federal, how do i pay them?

2007-02-21 05:36:40 · 9 answers · asked by hello_out_there 2 in United States

Two years ago I had capital gains of a couple thousand dollars, this year my capital gains and dividends only totaled about $1,200. Do I have to file taxes? What is the minimum?

2007-02-21 05:22:13 · 5 answers · asked by menschect 1 in United States

MY FRIEND AND SISTER WHO ARE LIVING OVERSEA, AND WOULK LIKE ME TO BUY COSMITC FOR THEM SINCE HERE IS CHEAPER THEN ASIA. SOMETIMES THEY BUY A LOT, AND THEY WIRE MONEY DIRECTLY TO MY BANK ACCOUNT. WOULD THIS BE EFFECTED MY INCOME TAX REPORT? I DON'T MAKE ANY PROFIT FROM THEM. DO I SITLL NEED TO REPORT AS INCOME?

2007-02-21 05:19:53 · 4 answers · asked by papayasasaya 1 in United States

Me and my husband , we're trying to do itemized deductions through Turbo Tax . We have few medical bills, mortgage taxes, etc. that add up to(around) $ 10,000. Our joint income is around $ 60,000. Should we stick with itemized or standard deduction?

2007-02-21 05:18:09 · 8 answers · asked by Gabra 1 in United States

Individual gift amounts will be less than $10,000.

2007-02-21 05:06:50 · 6 answers · asked by juneaulady 4 in United States

my w2's were sent to my old address where my cousin lives, he's misplaced them and I care not to contact my old employer on account of bad history, is there any other way I can get them?

2007-02-21 04:58:17 · 5 answers · asked by melchiah17 2 in United States

It end up in 2006 where I sold the remaining value of my stocks. Can I claim this as a lost on my tax return?

2007-02-21 04:55:33 · 6 answers · asked by troyb 1 in United States

2007-02-21 04:49:53 · 2 answers · asked by truckinguy 2 in United States

2007-02-21 04:48:12 · 7 answers · asked by Mebbie 1 in United States

2007-02-21 04:36:52 · 4 answers · asked by PGEDS 1 in United States

Hi...Over the summer I opened a small business so we had remodeling costs and new equipment costs. (photography studio) I just calculated my income vs. my expenses, and my expenses were about 7000 more than what I made. that makes sense to me, because my husband and I about broke ourselves trying to come up with the money to get this studio running. My question....is that going to raise red flags when I file, or will they take into account that I just opened the business and had a huge amount of expenses?

2007-02-21 04:32:43 · 7 answers · asked by larann78 2 in United States

2007-02-21 04:32:08 · 3 answers · asked by Mike G 1 in United States

If this your first time filing with the IRS doesn't it take longer for the money to return?

2007-02-21 04:31:54 · 3 answers · asked by Anonymous in United States

2007-02-21 04:26:14 · 8 answers · asked by tess1027 1 in Other - Taxes

I have written emails and called and keep getting run around. i dont have my last paystub either...i only have the one before that. can i file without using this company and just use my other job? i only worked at this job one month and i never owe taxes.only get them back.

2007-02-21 04:25:32 · 2 answers · asked by duffbitch 2 in United States

2007-02-21 04:23:49 · 3 answers · asked by john k 1 in United States

Someone filed me as a dependent on thier tax return. I'm no dependent! I'm head of house hold. I don't know who has done this. How can I find out and what should I do?

2007-02-21 04:22:20 · 6 answers · asked by Anonymous in United States

When I went to my tax accountant and did my taxes, it was not known that he missed one number for the direct deposit info. I tried to call the IRS since my refund won't be issued until later this month. I do know that when it bounces back that the sender will get an email that the refund couldn't be sent. I also tried to find a form or a way to contact (Yes I went to the IRS web site but to no avail. a big question mark. And the email from the help desk was like a frozen tv dinner( Sorry I don't understand?.) So who out there can tell me what to do. I was trying to avoid a problem and help resolve it before it happens, but it will happen any how.

2007-02-21 04:20:35 · 4 answers · asked by jrp_radar 1 in United States

My wife's ex husband has claimed their daughter. My wife does not work and I do. We are going to file married jointly but he has already claimed their daughter. This upsets me because he is doing it to pay off back child support. The daughter lives with us and I pay ALL the bills but was given no say in the decision. Is this legal or should I have had to sign something along with my wife? No papers or forms were signed at all.

2007-02-21 04:19:11 · 9 answers · asked by smokin_ricky 2 in United States

2007-02-21 04:16:08 · 4 answers · asked by PRASHANT B 1 in India

2007-02-21 04:16:00 · 6 answers · asked by dinea6 1 in United States

example: on my last paycheck it says I made 40,000 gross and payed 10,000 towards insurance premiums, in my w2 box 1 says 30000 box 14 says 10000.

2007-02-21 04:10:18 · 7 answers · asked by mike 1 in United States

My dad is doing taxes for one of my friends. We thought it was just this year's taxes, but he gave us three years worth of documents and said he hasn't filed any of it. Does he have to file each year seperately, or can he simply add up all of the wages (it's just very simple part time job income) and file it all under 2006?

2007-02-21 04:06:19 · 3 answers · asked by Anonymous in United States

i was told that i legaly did not have to pay taxes because it is a volenteer tax, when it was started the only one that had to pay were those living within 50 miles of washington, to fund the war,, you file your taxes you just dont sign them and then u dont have to pay,,,any one else hear of this?

2007-02-21 03:59:55 · 6 answers · asked by mystic420 1 in United States

I'm working as an independent contractor.

2007-02-21 03:59:46 · 6 answers · asked by Rainey 4 in United States

Can I claim my fiance (20 Years old) as a dependent on my taxes? Can she also file without claiming herself?

2007-02-21 03:57:45 · 4 answers · asked by Strokes 1 in United States

Anyone use HR Block? Do you trust them? how much do they cost?

2007-02-21 03:57:05 · 5 answers · asked by just wondering 2 in United States

I worked 3 different jobs. I made a total of $25,550.29 and had $2311.31 in federal taxes withheld and $398.53 of State taxes withheld. I am a dependent, no one can claim me and I claim only myself on my W2's. i want to go do my taxes however I want to know if i will be getting money back or if im going to have to pay. Also can you claim toll as a tax deduction? Any help would be very much appericated.

2007-02-21 03:49:13 · 3 answers · asked by Therena 1 in United States

In 2004 3 hurricanes crossed destructively thru many counties in florida. And i have heard as part of hurricane relief citizens of those counties are exempt from paying the 10% penalty on b4 59 1/2 withdrawals of retirement funds such as 401k and ira. Any truth to this?? Is St johns one of those counties???

2007-02-21 03:45:39 · 5 answers · asked by eddie a 2 in United States

I just was informed that my tax refund , which is over $10,000. and scheduled to be direct deposited will be rejected by my bank because my bank has a reject line at $5,000. What should I do? Who should I call?

2007-02-21 03:44:55 · 4 answers · asked by alijewyl 1 in United States