Taxes - February 2007

2007-02-19 10:44:07 · 12 answers · asked by spontaneousknight 1 in United States

When my wife changed her name with the Army (she is a medical student in the Health Professionals Scholarship Program who gets a monthly stipend), they had her state of residence as Kansas for one month. We corrected the error, but when he W-2 came they still had Kansas listed in section 15. How should we handle any taxes owed?

2007-02-19 10:44:05 · 1 answers · asked by Jim C 1 in United States

hello everybody. well i filed my taxes about 1 week ago and today I went on-line to check the status of my refund and it gave me an error code and told me to contact the irs office, I know someone had recently posted this same question a few weeks back, did you ever find out what that meant? does that mean your refund is delayed? thanks....

2007-02-19 10:36:20 · 4 answers · asked by juicy 3 in United States

I have a small business and am looking to borrow funds for the business. The funds will mostly be invested in real estate or lent out to investors. An associate said that if the LLC took a loan from an individual, promised to pay a predertimened interest payment every month for a fixed period of time (1% a month for 3 years) and then used that money to invest in company assetts and or loan it out to individuals that this was a securities violation and a serious legal offense. Can anyone offer any insight? We are looking at borrowing from one person, 200K on terms discussed above.
Eager to be legal-
Shlim

2007-02-19 10:26:45 · 2 answers · asked by timothycwatson 1 in United States

2007-02-19 10:25:41 · 3 answers · asked by Donn S 1 in United States

my ex husband owes over 4,000 in back child support, and i want to know if the government will take that amount out of what he gets and send it to me, as we do have a child support order thru the friend of the court, or will i get nothing? also if he went to a place like h&r block, will that affect anything? thanks in advance for any help.

2007-02-19 10:23:22 · 7 answers · asked by jdchick48 3 in United States

2006 income is $6912.00 and is still claimed as dependent on parents return

2007-02-19 10:14:14 · 14 answers · asked by Cathy B 1 in United States

I have a couple of non-retirement-plan Vanguard funds that I bought several years ago when I was 20 and knew very little about federal income tax law. I'd now like to use these non-retirement-plan funds to fund a new Vanguard IRA account with the same funds for tax years 2006 and 2007. Here are my questions:

1. I've received mixed signals from Vanguard about whether doing this would be considered a taxable event in the form of a "sale" that would incur capital gains taxes on any appreciation of the "sold" funds since purchasing them. I can't find anything specifically addressing this issue in the IRS's publications. It seem reasonable to me to view this transaction as basically the equivalent of a rollover, which I know is not taxed, and not a taxable event.

2. If I put one or both of my funds into an IRA for tax year 2006 now, can I defer tax on the portion of the earnings on the contributed fund(s) that would have been deferred had I made the contribution at the start of 2006?

2007-02-19 10:13:15 · 3 answers · asked by Joe 1 in United States

2007-02-19 10:11:07 · 3 answers · asked by Shades 2 in United States

Is there an age limit on paying your property tax? My grandmother(77) owes about a year in back taxes (and gaining w/interest). Is there a program that can help her pay this or an exemption she can apply for? We are in Birmingham, Alabama. We are trying to find some help, but with the intrest it is climbing over $2,000. Any Ideas?

2007-02-19 10:10:51 · 2 answers · asked by anablackfury2 2 in United States

if my wages r being garnished at work will this affect my tax refund

2007-02-19 10:05:21 · 2 answers · asked by lizzy 1 in United States

i didnt work alot last year. i know i got $1,000 last year for my son plus the eic. but im doing my taxes online on taxact this year and all i get is the eic nothing for the child credit. anyone has a reason for this

2007-02-19 09:56:12 · 7 answers · asked by brookes 2 in United States

I filed my Michigan Income e-tax with TaxSlayers 2 weeks ago...I'm not sure if it was sent. How do I go about checking to see if it has been recieved, and if refund has beeen issued.

2007-02-19 09:51:35 · 2 answers · asked by Ellen K 1 in United States

2007-02-19 09:35:55 · 3 answers · asked by Donn S 1 in United States

Please let me know if this is still true. I need to file our taxes asap for financial reasons so please let me know if you know anything. Thanks. If you happen to know which form it is included on please let us know that as well. Thanks so much yahoo family!

2007-02-19 09:35:26 · 8 answers · asked by earnhardt_wife 2 in United States

I received a form 1099G in the mail, but am I suppose to report my unemployment benefits as income? I am not sure if the benefits they paid me last year is taxable even though I never took out any federal taxes from my benefits.

2007-02-19 09:34:23 · 6 answers · asked by Anonymous in United States

2007-02-19 09:31:45 · 1 answers · asked by roshi 1 in United Kingdom

I pay child support to my ex husband for our three daughters. Due to his ever increasing greed of money I am not allowed to claim any of them on my taxes for EIC benefits. Am I still allowed to claim one of them for Child Tax Credit even though she lived with me less than half the year (as a non-dependent credit)? Will that affect his filing of his taxes claiming all three of them?

2007-02-19 08:59:39 · 6 answers · asked by intewonfan 5 in United States

I just made a career change and am now an independent contractor. I've created an account in which I deposit 35% of my income for taxes, but I don't know how often to report, or even how to report my income. Anyone have helpful hints? Appreciate it!

Elsa

2007-02-19 08:50:50 · 8 answers · asked by Anonymous in United States

I claimed '1' when I was in the military, but at my current job, claiming '1' has made me owe taxes. I want to make sure that I don't owe next year!

2007-02-19 08:49:17 · 3 answers · asked by ariel_okinawa 6 in United States

I have filed my tax return as married filing jointly and then Ifound I can get a bigger return and not have to pay in state taxes if I file married filing seperately, can I refile my tax return

2007-02-19 08:49:00 · 4 answers · asked by Anonymous in United States

My company allow me to buy my parent's health insurance with me. can i include that amount into my itemize deduction? even though my dad file his own tax return; my dad is not a dependent on my tax return;

2007-02-19 08:43:58 · 3 answers · asked by Anonymous in United States

Since I only have one employee, I can' afford to use payroll services like paychex and ADP. How do I go about paying the unemployment, payroll and s.s. taxes on my employee's behalf?

2007-02-19 08:40:54 · 5 answers · asked by Anonymous in United States

2007-02-19 08:40:08 · 2 answers · asked by Anonymous in United States

2007-02-19 08:38:25 · 5 answers · asked by Anonymous in United States

I filed my tax papers in early February. This is the first time I am filing returns.

2007-02-19 08:29:35 · 7 answers · asked by A Nair 1 in Canada

2007-02-19 08:09:21 · 5 answers · asked by wp_loy 1 in United States

I can contribute $5000.00 this year ,stocks are worth about $2500.00, Cost basis is about $3200.00. I have had them for over 2 years. The account they are in now is NOT an IRA.

2007-02-19 08:03:05 · 5 answers · asked by mbjbjab 1 in United States

Do I get taxed next year on the tax refund that I got this year? Is that why they say it's good to break even and not receive a refund at all??

2007-02-19 07:42:17 · 5 answers · asked by Jenna S 2 in United States

2007-02-19 07:34:12 · 7 answers · asked by alianute 1 in United States