Taxes - February 2007

2007-02-19 02:20:47 · 4 answers · asked by Richard B 1 in Other - Taxes

We efiled with H&R Block and they said that it would be direct deposited on 2/23 but when I checked "Where's my refund?" it said 2/27, do they just overestimate it in case there are errors? That's a Tuesday...I thought they only deposited on Fridays. Thanks in advance!

2007-02-19 01:50:29 · 6 answers · asked by Kristin M 2 in United States

My son is over 21 and has no independant income of his own. If I transfer money from my savings account to his, is this considered income for him and must he file a tax return for the IRS?

2007-02-19 01:43:19 · 5 answers · asked by pearl deli 1 in United States

2007-02-19 01:34:06 · 1 answers · asked by gary_mole 1 in United Kingdom

I'm an accountant, but I'm young!

2007-02-19 01:18:02 · 2 answers · asked by Anonymous in United States

I work 25 hours per week and am already claiming Working Text Credits. I am separated from my husband but he is paying the mortgage on the house as it is an investment for the children. Are there any other benefits I can claim.

2007-02-19 00:38:19 · 6 answers · asked by adstitching 1 in United Kingdom

Plan on listing house for $650,000. We owe $220.000. Had hoped to have a nice nest egg at the end but am worried tax liability will eat up any proceeds. Any idea how big a hit this will be to our plans. We have hopes of buying a modest home in Boise area and invest the rest but have concerns of CA income tax as well as IRS.

2007-02-19 00:37:31 · 4 answers · asked by curious george 1 in United States

Help. At the beginning of the year I was working for a company. All of my checks were direct deposits and I filled out a W-4 form when I first began working. Payroll taxes were coming out of my check every week. When I was ready to begin working on my taxes, I noticed that I received a 1099 form rather than a W2. I have no check stubs or anything to show that taxes were being taken out of my check, however I know they were. I received a W2 on last year from this employee and nothing changed on my end. I never signed a 1099 form stating that I was a contract employee and as stated, based on my salary and deposit amounts, I know taxes were still being withheld. What I think has happened is that he did not report or pay employee payroll taxes to the IRS and now he's trying to cover himself by sending me and several other employess 1099's although he was withholding the amount from our checks. HELP, what do I do? I am not prepared to pay back all that money in taxes.

2007-02-19 00:33:48 · 5 answers · asked by LaToya W 2 in United States

I figured I owe about 2000.00 in taxes this year and have had a lot of medical expenses every year for the past 4 years, is there a way the IRS can deduct/take that money our of my 401K account? It would be the easiest for me for them to do that. If so, what do I need to do?

2007-02-19 00:24:31 · 8 answers · asked by J P 1 in United States

My husband and i are moving to Houston and will be earning approx. $40,000 each, how much tax will we be paying and what will be our take home pay on a bi-weekly pay schedule?

2007-02-18 23:56:30 · 2 answers · asked by love HB 2 in United States

doing my taxes this year i have three different w2s and need to know if i just combine the the amounts or enter each one separately

2007-02-18 23:36:30 · 7 answers · asked by HOOKIE 1 in Other - Taxes

2007-02-18 23:36:25 · 7 answers · asked by Anonymous in United States

Family is selling property in CT own by S-Corp there. Owners are residents in FL, MI & NY. Where and how much (state) capital gains are due (if any). Individual gain would be $300K.

2007-02-18 23:30:50 · 4 answers · asked by Joe Ski 2 in United States

2007-02-18 23:17:49 · 8 answers · asked by STEVEN S 1 in United Kingdom

Hi, for the past 7 months I have been getting taxed quite a lot on the tax code BRM1. I assumed it was emergency tax, but it has been the same now for too long. I was wondering if anyone knew what this tax code meant, and if anyone knew of a way I could somehow get the tax back? First serious job out of university so dont know a lot about this sort of thing.

Thanks

2007-02-18 23:02:34 · 1 answers · asked by Anonymous in United Kingdom

2007-02-18 22:49:48 · 7 answers · asked by Sharon H 1 in Other - Taxes

Or do they do like a monthly payment program??

2007-02-18 22:25:51 · 7 answers · asked by pitbullcopper2004 5 in United States

2007-02-18 22:01:02 · 4 answers · asked by Vijay Soni 2 in India

Can I file jointly with my husband in Prison?

2007-02-18 21:14:58 · 1 answers · asked by kimmywitch1 1 in United States

my friend is 44yrs old and is 100% disabled due to mental desiese and is classified by the government as an adult child. he receives disability every month and does not work. he has lived with me the whole 2006 tax year. can i claim him on my taxes?

2007-02-18 20:50:07 · 5 answers · asked by mandy c 2 in United States

2007-02-18 19:25:13 · 4 answers · asked by hitman 1 in United States

The reason being, tax season is upon us, and I have H&R Block's Basic TaxCut program. If it actually helps, I am willing to spend the $30 to get an increase on my tax return. If not, then I'll just stick to the program I have now.

I don't have much to file, only two W-2 forms and a couple of things to claim (Union dues, and donations). So if it won't make a big difference, then I won't spend the extra money. Also, is Quicken or H&R Block's program better?

2007-02-18 19:17:17 · 5 answers · asked by Richie G 2 in United States

I work 24 and 48 hour shifts an hour from my home. I get no meal stipend and there is no shift meal fund. We have no scheduled meal break, and meals are often interrupted. I was under the impression meals are deductible, as well as toiletries associated with shifts. I do not have great reciepts for my meals. Is there a standard daily deduction.

2007-02-18 19:16:42 · 6 answers · asked by firemed1228 2 in Other - Taxes

2007-02-18 19:13:40 · 4 answers · asked by genny f 1 in United States

Someone used me as there babysitter for tax purpose and i no longer baysit there child what should i do

2007-02-18 18:20:39 · 6 answers · asked by True Diva 1 in United States

The company I work for hired me as an Independent Contractor. At the time, I didn't really know what that meant, but have since discovered that we were wrongly classified and are truly employees of the company. Now I am going to be liable for a self-employment taxes and other taxes that my employer would have been responsible for. What can I do now to fix this situation?

2007-02-18 17:45:51 · 6 answers · asked by jungfreudrogers 2 in United States

I am not entitled to working tax as my partners income is just over the limit.We claim child tax credit.If I was to work a couple of hours a day for the minimum wage would I have to declare this to the inland revenue A) if it's under 16 hours work a week and B) if i earn under £90 per week?

2007-02-18 17:42:54 · 16 answers · asked by snikleback 5 in United Kingdom

2007-02-18 17:33:52 · 4 answers · asked by Juan J 2 in United States

I own mutual funds in India, and sold them for long term profit. These long term capital gains are tax free in India. Am I required to pay US capital gains taxes on it? I am a green card holder but Indian citizen living in the US

2007-02-18 16:59:32 · 3 answers · asked by timepass 1 in United States

I want to buy an item from China. The cost of the item is $37.17. It will be shipped U.P.S. It is an electronic item. How much import tax, if any at all I will be charged? Im having a hell of a time trying to get an answer to this...Help me, thanks!

2007-02-18 16:41:38 · 1 answers · asked by My Lord . 2 in Other - Taxes