Taxes - February 2007

2007-02-13 03:11:23 · 5 answers · asked by sharon c 1 in United States

I've heard that I'm able to deduct gas expenses, car repair, clothes I use for work and meals while at work. I'm under the impression this is only possible if I own a business. How much of this is correct?

2007-02-13 03:09:31 · 7 answers · asked by Dan 3 in United States

I used Turbo Tax but I dont think it matters who you filed with, just in case it does, when answering if you used Turbo Tax too, please say so. Thanks. =)

Also I am not asking for an average, Im asking for a specific number of days based on an actual situation. I already know the average.

2007-02-13 02:50:09 · 11 answers · asked by ♥♫♥ Crystal ♥♫♥ 4 in United States

We moved from AZ to CA in 2006. Most of our income came from CA. On the CA State form there is a place to deduct wages earned from another state, however I don't see that on the AZ State form. Do I have to claim our CA wages on our AZ State form?

2007-02-13 02:49:08 · 2 answers · asked by Lynette H 1 in United States

The federal government prints money. They pay off the debt with it. Printing money inflates the money supply. The value of the dollar goes down, savings devaluate as do investments.
Doesnt this mean that Inflation is a TAX?

2007-02-13 02:39:14 · 5 answers · asked by kent j 3 in Other - Taxes

2007-02-13 02:06:42 · 6 answers · asked by Anonymous in United States

I was wondering, what's the difference (or what's better)... Claiming "1" or "0" for allowances?

2007-02-13 01:55:16 · 9 answers · asked by zO. 1 in United States

had a job but need my w2s how could I get them

2007-02-13 01:52:01 · 4 answers · asked by ashly a 1 in United States

2007-02-13 01:50:20 · 3 answers · asked by Anonymous in United States

it's kind of early to ask but i'd like to know ahead of time. i live in maryland and at the end of august i will be leaving for missouri for college. i know that for 2007 it will make me a maryland resident and a missouri nonresident. ok here is where i get confused:

i plan to maintain maryland residency. home, license, car registered to maryland, etc. i will have a part time job while in college. can i have w/h taken out for md instead of mo?

also in 2008 will i have to claim residency in both states since i spent all of my time in mo, then just use the credit for taxes paid to maryland?

i think i just confused myself even more lol =(

2007-02-13 01:35:26 · 5 answers · asked by fluffernutter 1 in United States

2007-02-13 01:20:55 · 5 answers · asked by NY Playwright 1 in United States

I did my fiance's taxes yesterday and I first put in his job that he got second, which was a little over $14,000 income, then I put in his job he had first (he quit this job when he got the $14,000 job in 2006) and the income on this job was about $5,600.

When I put in the $5,600 job, the refund dropped from $1,300 to $680! We were counting on at least $1,000 refund to pay off a credit card bill, and now it is much much less than we expected.

Is this right? I used turbotax. Last year I think he got back close to $900, and he had 3 jobs in that year. Is the government screwing you because you switched jobs???

2007-02-13 01:13:07 · 6 answers · asked by TeraBytes 2 in United States

What if my address is different than the one on my W-2, do I put in the old address or the new one?

2007-02-13 01:06:13 · 7 answers · asked by Anonymous in Other - Taxes

The reason I'm asking is because I know that on Monday evenings they update their info and almost always on a Tuesday morning when you check your status, it will go from a general refund date to a more specific direct deposit date. I efiled my return on Feb 1 and according to the IRS efile chart for direct deposit, I should have my refund deposited on Feb 16. But, my status on the site still says Feb 20, which it has said for over a week now, and that is a Tuesday, and they only do direct deposits on Fridays. I am in limbo waiting, like a lot of you, (I know!) and wondering if maybe they have not updated their info yet?

2007-02-13 00:59:21 · 5 answers · asked by MarineMom 6 in United States

2007-02-13 00:21:10 · 4 answers · asked by GARY W 1 in United States

2007-02-13 00:16:59 · 7 answers · asked by Anonymous in Other - Taxes

We don't have a record of the material cost since it was done by a builer. I guess my question is what can we deduct from having our house built on a loan aside from mortgage interest? We paid the bank 400 for "construction fee" and 200 for "origination fee"(they're not stated on our 1098 so I'm not sure of their deductibility). We didn't pay any "points". Thanks..

2007-02-13 00:07:42 · 5 answers · asked by grace 1 in United States

Since I didn't, is there a way I can deduct it from my taxes. Just wondering...thanks.

2007-02-12 23:37:19 · 5 answers · asked by grace 1 in United States

Ive been looking into importing electrical goods in to the uk from china. I have my source ect ect but im a little worryed about the import tax.

Does anyone know what i will have to pay and what the laws are on import tax.

Also any ways around it, ive been told if its declared under £36 and labled gift or samples it will be free of tax....anything other ideas?

2007-02-12 23:23:13 · 3 answers · asked by smity 2 in United Kingdom

I am a US citizen living in Sydney, Australia. I own two rental properties in the US and am having trouble completing my Federal tax returns (due to questions around depreciation and overseas income). This is my first year filing a tax return from Sydney and want to talk with someone. Any suggestions on who I can talk with or meet to get this resolved? I am not really comfortable working with someone from a search result.

2007-02-12 22:39:06 · 3 answers · asked by Jeff S 1 in United States

I have got 2 incomes from two different sources. One is income of Rs 2.5/- lakhs from a business of my individual capacity. Another is an income of Rs one lakh from huf. I am the karta of this huf. This income of Rs one lakh is my share from this huf.both of these incomes are tax paid incomes i.e. net incomes.i have filed these two income tax returns separately.now should i show my share of income from huf in my individual income statement.i.e. should i write in balance sheet that my total net income is rs. 3.5 lakhs,rs.2.5 lac from a business of mine from my individual capacity and rs.1lakh from huf ?can a member or coparcener of huf spend, lend or gift his or her share of profit independly?can the profit share of the members of the huf be written in the income statement of their businesses from personnel capacity? i am willing to show my income like this to the banks also.thus i can become eligible for a bigger loans.should i do like this or not ?what does the i.t .law say?will banks consider my total income rs.3.5 lakhs or will they not consider my share of rs. 1 lakh from huf and consider my income rs. 2.5 lakhs only?please do suggest me in details

2007-02-12 21:52:11 · 2 answers · asked by sufiesidhi1 1 in India

2007-02-12 19:26:07 · 2 answers · asked by llopez 1 in United States

Basically, I'm a full time web developer --that works from home-- in Florida for a small company in Michigan... and they deduct MI state tax from my pay.

I need to know the following before i approach them about this:

1. Are they suppose to be applying Michigan state income tax to my paychecks, when i live and work in Florida (no state income tax)?

and... 2. How would i go about getting a refund for the 1 year of MI state income tax they deducted from my pay?

Thanks
-ales

2007-02-12 18:27:58 · 5 answers · asked by Ales M 1 in United States

I'm allowing my X Husband to direct deposit his tax refund into my bank account but am concerned as he has unpaid debt and a foreclosure on his credit report. I don't want the IRS coming after me or my bank account.

2007-02-12 18:07:48 · 8 answers · asked by Sommer B 2 in United States

2007-02-12 18:05:56 · 2 answers · asked by sandeep s 1 in United Kingdom

2007-02-12 17:23:01 · 6 answers · asked by Anonymous in United States

Anyone heard of the scam where HSBC calls people who havw e-filed and notifies them that the irs is auditing them and they have to pay back the loan? They called my brother today and told him he had to pay over $5k! He only got $2300! It seemed to be a little early for the irs to be auditing. I've never heard of this before.

2007-02-12 17:11:59 · 7 answers · asked by Anonymous in United States

2007-02-12 17:05:17 · 6 answers · asked by rossangela2121 1 in United States

2007-02-12 16:53:50 · 4 answers · asked by kellis1527 1 in Canada

2007-02-12 16:48:54 · 11 answers · asked by lost my 2005 w-2s 1 in United States