Taxes - February 2007

what about bands who are professional?

2007-02-15 08:14:59 · 6 answers · asked by Anonymous in United States

i did my taxes and i filed a 1040 for my 1099 now i owe 1200 with state and federal how is that possibel i dont want to have to pay at all i have no property i rent i work to jobs to live help me some one and the legal way

2007-02-15 08:05:45 · 9 answers · asked by Anonymous in United States

Before I bought my car the salesman stated that I could deduct the sales tax I paid on it. Where would this go on my 1040? Do I have to itemize my deductions to claim this deduction? It was only like $1850 and I really dont have too many other deductions. If, so I guess I am better off taking the standard deduction.

Thanks.

2007-02-15 08:05:14 · 6 answers · asked by Eric 2 in United States

it used to be that a bank would only report your interest to the IRS if it was over $10 per year. I am not sure if that is per depositor or per account.

Is this still the case or do they now report all interest earned?

thanks

2007-02-15 08:01:45 · 5 answers · asked by brainiac 4 in United States

2007-02-15 08:00:05 · 5 answers · asked by Anonymous in Other - Taxes

2007-02-15 07:55:32 · 3 answers · asked by Super24 1 in India

2007-02-15 07:55:13 · 3 answers · asked by sandra w 1 in United States

My dog will be old enough to breed come June of this year and I was going to make a business out of it..am I able to claime her on my taxes for 2006????

2007-02-15 07:51:25 · 3 answers · asked by Jes 2 in United States

2007-02-15 07:48:55 · 7 answers · asked by jamesgressinger 1 in United States

2007-02-15 07:44:06 · 3 answers · asked by dh8280 1 in United States

2007-02-15 07:43:34 · 2 answers · asked by dh8280 1 in United States

My previous employor hasn't sent my W-2's. We had several payroll companies and has all of 2006 W-2's execpt Jan-March. In that time he cut me checks out of his personal account like I was paying taxes. He hasn't responded execpt to say I shouldn't claim that time period. Won't this mess up my taxes? And wouldn't I be exempting my refund on the taxes I paid for that time period? I believe he should reemburse me for the taxes and then 1099 me. Is this right? What can I do to make him give me my W-2's?

2007-02-15 07:41:14 · 9 answers · asked by amanda_axiom 1 in United States

She lived with me in 2006 until she died June 20. She had income from Social Security. Do I have to include her income?

2007-02-15 07:41:03 · 6 answers · asked by Anonymous in United States

I haven't filed my taxes yet and am looking for a recommendation for a good online tax service that is free.

2007-02-15 07:17:55 · 15 answers · asked by Spring M 1 in United States

My father-in-law died in 2006 and we were given a portion of his inheritance (along with 3 other brothers) and I know the Executor of the will paid estate taxes. I have read that if you inherit $$ from a family member that it is not taxable, but if it is from a friend or aquaintance or a distant relative that a portion of it may be taxable. What if there was an investment distribution that was paid out and you get a 1099 form for it----how does that work as far as showing it was an inheritance or are you required to pay taxes on that portion?

2007-02-15 07:07:03 · 5 answers · asked by MarineMom 6 in United States

My income is too high to qualify for Hope and Lifetime Education Tax credit. But I saw couple days ago at Yahoo News post "13 Tax Breaks " mentioned: (College Tuition for those have high income...) on line 35 of Form 1040 I just write "T'' to the left of that line for College Tuition up to $4,000.00 in 2006, since my daughter tuition is $4,529.00. Please help me if you know anything.
Thanks

2007-02-15 07:04:07 · 6 answers · asked by cameralover 1 in United States

2007-02-15 06:56:53 · 7 answers · asked by TREVOR P 1 in United Kingdom

Where do I get the forms?

What happens if the person doesn't give me their SSN?

2007-02-15 06:50:38 · 3 answers · asked by kim 2 in United States

I am still waiting to hear from somebody who can tell me By Whose Authority the IRS collects money - Please read the question folks.I know the Gov has laws about taxes, but who gave the IRS the authority to collect them ? - And the IRS IS NOT a FED Agency - Gee folks !!!!!

2007-02-15 06:43:34 · 6 answers · asked by Semper Fi 1 in United States

I really need the deposit, how often do they find mistakes? I don't mind when they do and setting up a pay plan, but I REALLY need it. Thanks.

2007-02-15 06:42:58 · 6 answers · asked by Sugar Bug Surprise 1 in United States

2007-02-15 06:37:56 · 3 answers · asked by vini 1 in India

I did a simple 1040 online with the same company I have always used. I forgot about my sale of stock. So I failed to include any 1099-B info. It has been six days and still no word. I am kinda worried. I took the residential energy credit(5695) also. I have heard there are problems with it also. I tried before and It came right back rejected because of that form. Then I read to send federal only. So I did and now im waiting. Should I be worried? Are they gonna audit me bacause I forgot $2000 on stock sales? Is it still too early for 5695? Please help!

2007-02-15 06:35:57 · 6 answers · asked by tired21_wm 1 in United States

When I filed my taxes last year, I winded up owing state taxes. This year when I filed I'll be getting a refund on my federal return but still owe state taxes from last year. Can the state take my refund from my federal taxes?

2007-02-15 06:32:17 · 5 answers · asked by donnaC 1 in United States

Better yet, can we file our 2006 in 2007 and just pay a penalty? We were suppose to get back nearly $7000, before I added the information from the 1099-R. Now we owe $1570. We could truly use the refund monies if at all possible. Any other suggestions would be great as well. Thanks

2007-02-15 06:32:04 · 13 answers · asked by Angela 1 in United States

So, we did our taxes with the TaxCut software from H&R Block. The return has been processed and according to the IRS website, should be deposited in our account tomorrow.

My question is...when we filed, we did not want to pay the cost up front for the e-file. So we took the "Simple Pay" option that deducts the fee straight from the return.

This is what it states:
"Simple Pay gives you the option of paying your e-filing fees without having to use a credit card.

For a $24.95 fee, HSBC Trust Company (Delaware), National Association ("HSBC") will receive your federal income tax refund in an account you open with HSBC, pay TaxCut your applicable e-filing fees, and deposit the balance of your federal refund amount into the bank account you designate. "

Has anyone used this before and will it delay my refund so I do not get it tomorrow?

2007-02-15 06:26:46 · 6 answers · asked by Chris M 1 in United States

I have read many answers BUT nobody has yet told me WHEN CONGRESS stipulated the IRS were to collect taxes from me.
Sorry folks, but the IRS IS an independent corporation /
The lawto collect is one thing-Bur for the IRS to do it is another !!!

2007-02-15 06:26:11 · 11 answers · asked by Semper Fi 1 in United States

When I got this original message on irs.gov - I came here and read up on what was going on and realized mine had fallen into this category of "delays due to......whatever..." But I don't see any refrence numbers or codes with the text on my message - and I called the irs and they seem to have a clue - ALL the guy I spolke with say he knew was "there are delays this year - you'll just have to wait"

here is the messege:
"We have received your tax return and it is being processed. Your expected refund date has been changed due to processing delays. You should receive your refund by February 27, 2007. Please wait until that date to contact us again because we cannot take any action until then. Thank you for your patience."

Is this the typical message everyone is getting? And since they don't deposit on Tuesdays - which is what day the 27th falls on - I wonder when I'll get my refund????

2007-02-15 06:25:03 · 4 answers · asked by alijewyl 1 in United States

If you know that someone is lying on their taxes just so they get money back what do you do?

2007-02-15 06:23:34 · 2 answers · asked by Anonymous in United States

is paying an employee under the table tax fraud

2007-02-15 06:16:53 · 9 answers · asked by ampowers75 1 in United States

How long on average does the Direct deposit take from Federal refund, if we mailed the taxes in last week? He wouldn't efile because he said the gov't rips us off by charging a fee.

2007-02-15 06:15:13 · 8 answers · asked by jasontogs 3 in United States