Taxes - February 2007

I was supposed to get my refund on Feb 2 and now it's postponed to February 20th...

2007-02-13 10:49:25 · 5 answers · asked by meden03 1 in United States

2007-02-13 10:47:23 · 4 answers · asked by Audrey B 1 in United States

To open an account with the wholesaler I had to provide a Business Tax ID, and proof of resale liscense. I would like to sell most of the products I buy at cost to friends- I will not be profiting from this. Do I have to report this stuff as inventory? And do I still have to charge sales tax on them? I wonder because they have my Corp. Tax ID, so do they report my purchases to any revenue services?

My business is located in Illinois, and the total gross sales from this endeavor will be equal to or less than one percent of the business's gross income.

Thanks in advance for your help...

2007-02-13 10:41:05 · 3 answers · asked by ccgeogeek 1 in United States

What is deductible on state/federal taxes.....is homeowners and or car insurance?

2007-02-13 10:40:27 · 7 answers · asked by scballs13 1 in United States

I AM TRYING TO DO A QUIKCLAIM DEED AND THE COUNTY CLERK IN THE COUNTY WHERE I LIVE WHICH IS IN NEW JERSEY SAYS WE NEED A LAWYER TO DRAW UP THE DOCUMENT.......PLUS ADDED TRANSFER TAXES IS THIS NORMAL BUSINESS PRACTICES........??

2007-02-13 10:38:19 · 5 answers · asked by Anonymous in United States

Can I go from Direct Deposit to paper check after it has been accepted by the IRS?

2007-02-13 10:38:14 · 6 answers · asked by meden03 1 in Other - Taxes

Sidney and Angelene was married in 2000. During 2005, they were both employed, eash earning $32,000 for the year. They discovered that there was a significant tax savings if they could file as single taxpayers and thus arranged a vacation trip and a divrce before the end of the year. In January 2006, they remarried. What is their filing status for 2005? Explain. Thanks!

2007-02-13 10:25:52 · 5 answers · asked by Anonymous in Other - Taxes

2007-02-13 10:24:52 · 6 answers · asked by tae s 1 in United Kingdom

Please do not tell me to use the same ones as last year!

2007-02-13 10:09:34 · 5 answers · asked by bmeagroup 1 in United States

A taxpayer has a cellular telephone, used percent for business and 55 percent for personal use. Is the MACRS depreciation method allowable? Explain Thank you !!!

2007-02-13 09:58:19 · 4 answers · asked by Anonymous in Other - Taxes

2007-02-13 09:45:48 · 2 answers · asked by bmeagroup 1 in United States

2007-02-13 09:38:57 · 4 answers · asked by llmramin 2 in United States

They said it would be under property recordkeeping. Is that something we can really deduct from our taxes?, if yes, where should we put it on sched A? Thanks....

2007-02-13 09:36:13 · 7 answers · asked by grace 1 in United States

Does anyone know how to report gain on a sale of a home when the gain is to be divided among 4 persons, 3 of them were not on title.

2007-02-13 09:35:27 · 4 answers · asked by Patricia G 1 in Other - Taxes

I efiled on Feb. 3rd. When I check the status on irs.gov, it's just saying refund by the 20th? Last year I got my refund in 9 days. the status has not updated yet. So when do they update your refund status, with the specific date to deposit?

2007-02-13 09:29:44 · 7 answers · asked by bh90210fan 2 in United States

is it because im single or what Im efiling and how do i add myself?

2007-02-13 09:24:25 · 3 answers · asked by Anonymous in United States

If I make a 2006 catch-up contribution to my Roth IRA, does that change anything? Do I need to report anything right now to the IRS?

2007-02-13 09:20:24 · 5 answers · asked by marky p 1 in United States

I'm looking to have a CPA do my small business tax return. I have an S corp and I'm in Florida so it's only the Federal return. I've heard anywhere from $600 to $1500. I just don't know.

2007-02-13 09:16:57 · 6 answers · asked by rubeninfl 1 in United States

2007-02-13 09:16:12 · 7 answers · asked by BingoBanggoBongo 1 in United States

I owe money from my 2005 tax return and got an extension until the end of Feb. 07. Now that I am about to file my 2006 return I will be getting a hefty refund. Will they automatically deduct the amount owed from last year or will I have to turn around and send them a check anyway?

2007-02-13 09:12:45 · 4 answers · asked by blazenphoenix 4 in United States

While going through TaxCut wizard I saw an option called "Carryover Donation" from last 5 years. I donated during last five years to charity, but was not able to show it on tax return since I was doing 1040EZ standard deduction until this year.(because I bought a new home)

2007-02-13 09:10:48 · 6 answers · asked by vrlshah 1 in United States

2007-02-13 09:05:35 · 3 answers · asked by sjbp41 1 in Other - Taxes

What is the difference between using a person, like H&R Block, or an accountant, or software, or online?

2007-02-13 08:45:28 · 7 answers · asked by Anonymous in United States

I supported him over one half of his support.

2007-02-13 08:40:41 · 8 answers · asked by Anonymous in United States

Can my mother, who is single, file head of household because my brother (who is 26) lives with her and didn't have any income for all of 2006? He has lived with her for two years, but because he has been trying to get into the military and didn't work anywhere last year she supported him. Would he qualify her for head of household?

2007-02-13 08:38:43 · 7 answers · asked by Tink 5 in United States

2007-02-13 08:24:59 · 3 answers · asked by Kacey R 1 in Other - Taxes

We hired a builder to build our house but we also did a lot ourselves, like painting and staining and installing built-in appliances.I know we can't deduct what the builder used but I'd like to know where in the returns can we deduct the sales tax for the material we bought.Thanks...

2007-02-13 08:20:33 · 4 answers · asked by grace 1 in United States

2007-02-13 08:20:31 · 2 answers · asked by Anonymous in United States

2005 was incorrect, I am having trouble correcting it and the site that I went through is no help. Can I resubmit it through a different site? They have given me the option of submitting through mail or signing electronically again which is not working.

2007-02-13 08:15:44 · 4 answers · asked by lewars5 1 in United States

i was just wondering cause my sister told me that. but to me it doesnt make sense but im not sure.

2007-02-13 08:13:59 · 2 answers · asked by victoria_goudy 1 in United States