Taxes - February 2007

2007-02-16 10:11:32 · 3 answers · asked by Anonymous in United States

2007-02-16 10:04:49 · 2 answers · asked by jayp130 1 in United Kingdom

My wife and i are both self-employed. We have approx. $60,000 in write offs and 1 child we can claim. I am trying to find enough expenses to at least break even on the taxes, but so far i only have $60,000.

2007-02-16 10:01:47 · 4 answers · asked by crspy 2 in United States

If you could send the IRS web site link that proves the answer, I would appreciate it very much. Thank you.

2007-02-16 09:58:13 · 5 answers · asked by ancientabner 2 in United States

2007-02-16 09:56:05 · 3 answers · asked by Anonymous in United States

Hi,
I E-filed my return with HRblock on 02-07-07
I also filed my neices, my nephews and sons the same day.
They have small returns less than 2000, all depostited today
Mine, a refund of 13,000 has said unless errors detected, refund by 02-20-07
Now, the IRS site says we are experienceing delays in processing your return. New expected refund date of 03-06-07

Waht exactly does that mean? Is it due to the large refund?
Why is mine delayed an additional two weeks?

2007-02-16 09:45:08 · 3 answers · asked by riverboat131313 1 in United States

I am about to open an E SHOP please can anyone help me with the tax and insurance side of things.I am going to supply electrial goods eg consoles to people on line the majority of transactions will be straight from the suppliers to the customer are there any kind of insurance i need for this and also how much on average will it cost. Also what sort of tax will i need to be paying and how do i set it up.To any that can help many many thanks.

2007-02-16 09:43:55 · 2 answers · asked by luke.murray1@btinternet.com 1 in United Kingdom

It has been 2 months that im waiting for my income tax check to arrive but the lady that did the income tax for me says that the check did not arrive yet, and shes giving me stories over and over again. is there any way i can check online if she already received my check or not ?

2007-02-16 09:31:07 · 10 answers · asked by AnGeLo 1 in United States

2007-02-16 09:23:30 · 9 answers · asked by joeblow53 1 in Other - Taxes

A former employer has not sent my w-2 for last years wages and I can not contact them

2007-02-16 09:20:00 · 3 answers · asked by janet c 1 in United States

2007-02-16 09:18:49 · 7 answers · asked by Anonymous in United States

He worked for an outfit and got no benefits. Will he have to pay social security on his earnings too? He doesn't have the money because he thinks all money he makes is his and does not want to pay tax or any extra on anything. He has in the past tried to work under the table, but now the IRS is making it harder and harder for him to hide. His grandfather who was raised on a family farm in upper state New York in a family of 13 kids during the depression taught him that. He was in jail for the last 6 months of this past year for driving to endanger and destroying $1000 in property to avoid a ticket for a suspended license (this because he would not pay fines) and an uninspected vehicle. He will have a probation officer. He said even if the state says he has to have health insurance, he will refuse. He has a son and ex wife to whom he pays no child support. He got hitched to crack for a while with his ex wife approving marijuana right through to crack cause all her cousins did it

2007-02-16 09:10:33 · 4 answers · asked by Anonymous in United States

Can you write-off money used to pay a bail bondsman on your federal return?

2007-02-16 08:56:15 · 5 answers · asked by northyankeefun 3 in United States

I lived with my parents until May of 2006. After I moved out, we stopped talking. This year, when filing my taxes, can they claim me as a dependent? On the question on the form about whether or not somebody else can claim me should I put yes or no? Also, do I round the numbers up to whole dollar amounts? Help would be greatly appreciated!!

2007-02-16 08:53:32 · 5 answers · asked by Christina 1 in United States

2007-02-16 08:52:18 · 5 answers · asked by Tanya H 1 in United States

I have stock in a small S-Corp and had a loss around $1000 on my K-1. Does anyone know if I can expect to pay money to the IRS based on the K-1? Thanks!!

2007-02-16 08:50:05 · 4 answers · asked by annie41 1 in United States

I am trying the turbo tax online for the first time and so far have gotten through most of it no problem. However, when I implemented in a couple of charitable donations (total of $400) and also a deduction for gas coming from PA to CA for work, it didn't change my amount at all. Can someone tell me what I'm doing wrong as I'd like to get this done this weekend. Thanks!

2007-02-16 08:40:17 · 5 answers · asked by Summergirlie 1 in United States

I thought that 1099's had to be post marked by Jan 31 just like W2's. If I am right can you get the company penalized for sending it late and if so, how.

2007-02-16 08:39:13 · 4 answers · asked by unknown2u 2 in United States

2007-02-16 08:27:53 · 2 answers · asked by Diva Catherine 2 in United States

I am self employed and want to try to do my own taxes this year.Has anyone had experience with Turbo Tax? I need to file schecule C.Since the tax laws change,do I need to buy a new software every year.Is it easy to understand?Thanks for your input.

2007-02-16 08:19:44 · 5 answers · asked by Cheese 5 in United States

I have just built a new house and i am thinking of doing b&b in 3 rooms.we are getting valuated for council tax banding do i have to state my intensions or can u let so many of your rooms out.

2007-02-16 08:04:47 · 3 answers · asked by louy 2 in United Kingdom

Since 1988 but has paid in through his employer( withholding taxes) what can he do to get back on track with the IRS. Would they need a lawyer or an they just file retroactive returns? Any help out there?

2007-02-16 08:03:16 · 5 answers · asked by nuckinfuts 1 in Other - Taxes

I have a condo on a golf course that I rent out mostly short term. The heat pump/AC broke down entirely in 2006. It was not repairable so I had to replace it with a new one for a cost of $4000. I cannot determine from the tax publications if this is a deductible repair/maintenance expense or an improvement that must be depreciated. Granted it is a big expense but it had to be done to keep the property in good operating condition, but then again it does prolong the useful life of the property but adds little to the value of the property (every residence must have a heat/AC system that works). An argument could be made that it meets either definition ("expense" or "improvement") in IRS Pub. 527. I don't care which is right. Since I do my own taxes so I just want to put it down correctly and don't want to be audited over it.
Someone who knows about the tax treatment of such things please answer. Thank you.

2007-02-16 07:52:08 · 9 answers · asked by Buckabinga 2 in United States

I am a 40 year old single woman without children or property. I do have a cosmetology lic however I have not been working as a stylist for almost 8 yrs now. Basically I have not worked as far as a w-2 is concerned for over 10 years now and have neglected to even file for taxes. I have received bills from state franchise saying I owe but that can't be possible because I have not made any money. What should I do ?

2007-02-16 07:27:02 · 5 answers · asked by jack 1 in United States

I am considered the head of household and recently have come across a delimma. My sister and her family moved in with me in December and they have filed their taxes using my address:{ How can I file my taxes as head of household and not get into trouble. According to their accountant, it was his mistake in using the new address. I should file using my address as 2309 1/2 and it should go through without amy problems. If not, have my sister write a letter stating what happen. Please advise on the matter quickly, because I already owe and cannot continue to give them my money because of someone elses mistakes.

Thanks in Advance

2007-02-16 07:17:23 · 7 answers · asked by ladyt 2 in United States

or what % would they take out? If i make $1950 a month and claim 1 on my tax form when I become employed? Also do you know how much or what % they take out for social security?

Thanks

2007-02-16 07:15:16 · 3 answers · asked by sarah 3 in United States

2007-02-16 06:57:57 · 3 answers · asked by ucoaroonz 1 in United States

do they take it out of your current refund? I had mine direct deposited but it is less than it should be and is almost the exact amount I owed from 2 years ago. I tried calling the IRS but there apparently is no way to talk to a real live person!!!
Thanks!

2007-02-16 06:54:23 · 5 answers · asked by ? 6 in United States

2007-02-16 06:42:51 · 3 answers · asked by Jennifer P 1 in United States

2007-02-16 06:36:56 · 7 answers · asked by Anonymous in United States