Taxes - February 2007

My employer has a 403(b) and I set up an IRA account in 2006. Can I contrbute money to both this year?

Do I need to max out the contributions to 403(b) before adding money into an IRA?

If I can only contribute to the 403(b), but I've already put money into the IRA this year, can I still write it off on my '07 taxes?

Thanks,
David

2007-02-17 04:00:00 · 2 answers · asked by dbogusla 1 in United States

We made many home improvements ourselves. Can I claim an hourly rate on the work i did myself?

2007-02-17 03:56:43 · 4 answers · asked by country girl1 1 in United States

I found a deduction soon after I e-filed my taxes with Turbo Tax. I already received my refund what do I do? There is a $300 difference in what I received and what I should have received.

Thanks

2007-02-17 03:48:35 · 10 answers · asked by nathanscottb 2 in United States

2007-02-17 03:26:10 · 7 answers · asked by sandra 1 in United States

Bc of filing Divorce He had not lived with Me in Over a Year.Hes in the Military and was even Overseas for the last year I filied for Divorced Which he signed the paper work but it never went threw to Judge but That divorce was started over 8 months ago and Now i find out he Claimed me on his Taxes as His secondary!!! How do i go about Gettin Him on Fraud Considering I didnt give him Permission and I have Taxes I need to File on my Self and My Children which are not his!Am i right Is this Fraud???He knew he couldnt do this He only did it to Hurt me Please any advice would be Fantastic

2007-02-17 03:24:06 · 3 answers · asked by Anonymous in United States

I took i out my 401k to purchase my first home but didnt need all of it for the pruchase.Would i still be able to claim it as used for home purchase?

2007-02-17 03:18:07 · 2 answers · asked by Samantha 1 in United States

I live in Illinois, and I'm not sure about the laws regarding charging sales tax from an online store. Does anyone here have some tips or advice? I tried looking for some informations online, but local government sites don't really have any clear informations.

2007-02-17 03:09:35 · 3 answers · asked by Angelina 2 in Other - Taxes

I filled my income tax 4 weeks ago online, they were supposed to deposit my refund on Feb 2,07 nope not there, now they are saying they are just reviewing it, and Im supposed to get a letter saying if they are going to release it or need additional info, if they release it it will be 2-4 weeks!!!! When I call the IRS I get a different answer. Has anyone gotten a letter? What does it mean? Why do they have my return already for 4 weeks and no answers??? Has anyone been through this???? The worst is not knowing whats going on, everyone I know has theres already.

2007-02-17 03:00:47 · 3 answers · asked by sonia o 1 in United States

I was informed last year that the uk national lottery doesn't use the internet and doesn't conduct lottery claims over the internet. The address of the E-mail I received is exactly the same except for one number in the address. with all the lottery scams going on I wrote the address given to me and explained my concerns. Do I dare trust this man Mercy Williams whom claims to be the uk fidciary claims agent (ukfiduciaryclaims1@yahoo.co.uk) the other name mentioned on the form is Sir Richard K Loyd, Co-ordinator. Please Help me with any info concerning these individuals and the lottery in which they say they represent. I've checked the Ripoff Report and found nothing on the names of these people or the return E-Mail address.

2007-02-17 02:57:49 · 10 answers · asked by kennyv420 1 in United Kingdom

I am married and have a summer internship payment, so I have to file because my wife is working. Now, the employer sent me a 1099 Misc-Income. Should I treat that as "self-employed" or as "other income"?

2007-02-17 02:51:51 · 6 answers · asked by sam b 1 in United States

Can I use that money for income to earn credits or can it only be used for the mortgage interest?
I never even got a w-2 from my previous employer therefore having no earned income!

2007-02-17 02:43:01 · 7 answers · asked by trix 2 in Other - Taxes

Why does it say that my refund was direct deposited on 2/16/07 but it's not in my account and it says not to call them to find out until 2/21/07 because there is nothing they can do until then? Where would the money be?

2007-02-17 02:36:18 · 2 answers · asked by Lori W 2 in United States

The papers say that my ex gets to claim my son every other year on taxes and this was his year and he's already filed but he's never paid child support. Is it legal to claim him as a dependent when he's not even supporting him? My son lives with me and goes to school here.

2007-02-17 02:13:25 · 8 answers · asked by Julie C 3 in United States

2007-02-17 02:10:57 · 6 answers · asked by mr rxmd 1 in United States

The IRS website is saying that is WAS direct deposited, but that's wrong. I rechecked my account # and the banks routing # and everything is correct on my e-filed tax form. They keep saying to wait until the 21st and if it's not there then to contact IRS. I can't wait that long. I have bills that need to be paid NOW. It's the weekend so I can't do anything about it now, but can anyone tell e when I SHOULD be receiving it? If not 16th, then when?

2007-02-17 01:40:35 · 9 answers · asked by MelB 1 in United States

2007-02-17 01:29:45 · 2 answers · asked by Himanshu Gajwani 3 in India

I would like to know what date Minnesota landlords are required tp provide renters their renter's credit information. I already know one is required in this situation. But since one hasn't been provided as of Feb. 16th. I want to make sure it should have been done by now.

2007-02-17 01:26:18 · 1 answers · asked by mn1463 3 in Other - Taxes

Is it possible for the IRS to take back a refund they already gave me? My husband and I filed a joint return a few weeks ago, with a 3600 refund. The IRS website told me that a direct deposit in this amount was scheduled to be made yesterday (Friday the 16th). I called my husband yesterday (overseas in germany) to find out if the deposit had been made. He went to the ATM, checked it, and said that all 3600 had been deposited. Then he called me this morning and said that the ATM was saying that the money was not there anymore. Is this possible? Can the IRS just take the entire amount of the refund back without notice, and that quickly? We're talking about hours here, and the IRS is not exactly opened on the weekend! Help!!!

2007-02-17 01:17:11 · 10 answers · asked by Ruthie 1 in United States

2007-02-17 00:40:16 · 6 answers · asked by len2boo 1 in United Kingdom

I'm programing a cash register and they refer to a doughnut tax in Canada.

2007-02-17 00:12:38 · 2 answers · asked by gary w 2 in Canada

I purchased a vacation home early last year for my use only and was able to pay for the home.

2007-02-17 00:03:07 · 6 answers · asked by Ron S 3 in United States

If I start a business selling cars but have no starting capital and get cars from people sale or return, should I have to pay VAT on the profit or is it just tax because it will be a commision?

2007-02-16 23:57:02 · 10 answers · asked by stuart3101 2 in United Kingdom

if two people claim the same person(on taxes), what happens to the other person who you know is wrongfull of doing so? jail...or wat?

2007-02-16 23:46:52 · 4 answers · asked by kariownsyouall 1 in Other - Taxes

2007-02-16 23:45:43 · 3 answers · asked by Anonymous in United States

2007-02-16 23:19:49 · 4 answers · asked by Anonymous in Australia

I hope this is the correct place to ask this question.
I purchased a new truck that weight 8800 lbs this year for my Rental property business.
I use it 100% for the business and have another car for my personal use.
I put it into service in October of last year ( 2006 )and was wondering how much I can take off on the 179 deduction.
The problem is I didnt keep a mileage log but have all of my receits for gas, oil and all Maintenance.
Can I take the 179 deduction if I dont have a mileage log to prove the business use of the truck?

2007-02-16 22:58:06 · 3 answers · asked by Ron P 1 in United States

We moved from Florida to Tennessee last year. We improved house in florida before selling. We did not live in Florida house for full 24 months so we are being charged capital gains. We were told we could not claim remodeling/repair costs of house in Florida. Also when we moved to TN., after living in it for only a few months,we sold the first home(duplex)we purchased in TN.,to buy a house with a back yard.
We were informed by our tax prep lady the duplex could not be counted or we could not claim the loss on the house in Florida due to Tennessee tax laws.
Why are we unable to claim the cost of remodel on first house in Florida which includes home remodeling and cost of new water well. Can anyone help to clarify the real estate tax laws in state of Tennessee?

2007-02-16 22:44:35 · 5 answers · asked by country girl1 1 in United States

I am self employed and i do not think that i made enough to file a return. Will i get reimbursed for anything that i bought to help me work or not?

2007-02-16 22:26:17 · 5 answers · asked by beavisman4 1 in United States

i want that statement for incometax return ,, i have taken home loan from icici

2007-02-16 21:34:28 · 8 answers · asked by Ajay P 1 in India

2007-02-16 21:27:44 · 6 answers · asked by minnesota girl 2 in United States