Taxes - February 2007

2007-02-12 09:34:48 · 7 answers · asked by Mary Ann 1 in United States

How can I do a amendment without paying the high cost of who did my taxes I have one w-2

2007-02-12 09:34:21 · 4 answers · asked by Takiyah J 1 in Other - Taxes

I need something that will help me take care of all tax related stuff. I will need something that handles salary, state/federal taxes, student loan interest, series EE bond that i cashed in, mutual funds and interest including a part i cashed in, the opening of a Roth IRA (don't think that matters), payment of tuition off the top of my head. I have received my w-2, 1099div, student loan interest statements, and something else which i forget at this moment.

Is a basic tax software going to be useful enough for me?

2007-02-12 09:24:47 · 3 answers · asked by bbjay20 2 in United States

2007-02-12 09:20:52 · 3 answers · asked by Anonymous in Other - Taxes

I have a 1yr son and his dad and I dont live together, we go halfers on mostly everything regarding my sons expenses (child care, diapers) however my son lives with me and if we calculate the expenses i did covered 70% of them.
I claimed my son on my taxes, i got credit for him, now my babys dad says that we need to go halfers on that as well.
Should I?
He doesnt pay child support.
Thanks for helping!!!

2007-02-12 09:17:17 · 14 answers · asked by hottmama 2 in United States

Ok guys.First time poster here.Thought maybe you could help me out with figureing something out.

Last year I dont have the exact amounts.I made less money say about 100-150 less than I did this year for the year.Made more this year.

Last year I received all together about 700-750 in taxes back.I was happy.

Now this year I as I said made a little more money yet the person that did my taxes says I owe 3 dollars to state and im only getting 370 back from federal....what the heck is going on here? How exactley am I getting a difference of 300 + dollars from last year?

The store I work for received new owners thats about all that happend.I dont understand why exactley im getting so much less back,it just seems kind of fishy to me.I would appreciate any help on this.
Thanks :-)

2007-02-12 09:15:17 · 7 answers · asked by AkitoT 1 in United States

I rcvd a 1099 from doing a newspaper route. I have heard various things about how to claim it. I was told i can lump it into my total income and just pay that way. I also heard that I have to pay out the fica (social security and whatnot) and then that way I can deduct things like mileage. I'm not sure of the right way to do this. Can anyone help me?

2007-02-12 09:11:16 · 8 answers · asked by sgibson1127 1 in United States

My husband just filed our taxes over the weekend and year after year (We've been married almost 4yrs now and it's both our first marriages) that we should be itemizing and we'd get more money on our returns that way. I don't know what itemizing is or how to do it...can someone help or is there a site I can go to for answers. We have two girls, 3 and 1yr old. We have a home and pay prop taxes every year that is separately paid from our two monthly mortg. payments on our home we also have a 2005 mini van we bought used in '05 and are still making payments on it and a 92 isuzu trooper I paid off when I was single. My husband works and earns most of our income and I work on call only for a bank so that I'm able to stay at home and take care of our little ones. From all that information, please tell me, how do we start itemizing (like do I save reciepts for certain things to claim next year when filing again?) Or please let me know if there is a site I can visit for this info

2007-02-12 09:04:43 · 6 answers · asked by Anonymous in United States

Thank You! it would be very helpful!

2007-02-12 09:01:10 · 4 answers · asked by char2 1 in United States

Do I have any recourse or can I dispute this? i don't have the money to pay this additional tax of $1,000. Thank you for your assistance!

2007-02-12 08:59:39 · 4 answers · asked by Dawn C 1 in United States

She has ss income only. She also just cashed out her retirement fund. That totaled about $9,000 or so. Is the retirement money taxable?

2007-02-12 08:59:24 · 6 answers · asked by cadillac94pimpin22 1 in United States

And when I do find the correct office what should I do about my problem? And how can I get W-4's from a buisness that is no longer in service?

2007-02-12 08:54:27 · 4 answers · asked by Anonymous in Other - Taxes

She charges the fee by form. Does anyone know what the charges may be. I KNOW THEY ARE FREE OFF THE NET, and so on. But she needs to prepare them for me, because they are complicated. Any ideas what the fees are????

2007-02-12 08:37:00 · 10 answers · asked by ;)~ 1 in United States

have held this post for 9 years inland revenue said i had other earnings which was proved wrong was made bankrupt june 20 2005 which ended 20 june 2006 do i pay income tax during this period

2007-02-12 08:32:07 · 4 answers · asked by Anonymous in United Kingdom

I am a single female living on my own since August of this past year. I thought that since I paid in almost 3500.00 in taxes I would get almost all of it back. But I am only getting back about a third of it. Can anyone help me understand why I wouldn't get more back than that?

2007-02-12 08:25:43 · 7 answers · asked by s_keeter83 1 in United States

time and goes to school full time? He lives with me and I pay for his school and etc. If so what do I need from him? He already did his taxes and he claim 0.

2007-02-12 08:20:32 · 4 answers · asked by liz r 1 in United States

I don't necessairly want to file my taxes but I want to sit and talk to them about a tax issue I have. Do they even have consultations, and if so how much?

I tried calling them but I was put on hold for an hour. Thought I'd ask you guys and gals!

2007-02-12 08:06:47 · 8 answers · asked by ♫♫♫ 1 in United States

2007-02-12 07:54:49 · 11 answers · asked by musictech2727 2 in United States

My husband and I just got married last year. We don't own our own house yet and have no kids. Would it be smarter for us to file jointley or seperatley? Which way would get us more money or doesn't it matter?

2007-02-12 07:39:38 · 4 answers · asked by Darcey K 1 in United States

2007-02-12 07:38:13 · 25 answers · asked by Jana 1 in Other - Taxes

As an international student in the US and working my 20 stipulated hours per week, Do I qualify for filing my taxes

2007-02-12 07:35:05 · 3 answers · asked by Plucky 1 in United States

I built a fence my self. I would like to know what line I should put down the cost of materials on Tax form schedule F.

2007-02-12 07:01:16 · 4 answers · asked by dodge 3 in United States

I had a baby in 2006... I live with the Father (not common-law). Do we each claim her, or do I?

2007-02-12 06:57:33 · 4 answers · asked by naenae0011 7 in Canada

Is that true? My taxes are very complicted and I need help no matter what. So for instance filing jointly heard that that particular form starts out as $150.
Can anyone give me more info on how much forms cost.
I know they are free if you do them yourself. I just can't pull that off this year...I need help.

2007-02-12 06:52:42 · 8 answers · asked by ;)~ 1 in United States

I'm a 21 year old college student, with a part time job. I've received something in the mail from my work, another place I worked at during the summer, and my college sent me something in the mail about deductions and stuff too. I AM SO LOST! I have never done my taxes before because I always had someone to do them for me. I really don't want to pay and go somewhere like H & R Block.... but I have no idea what I'm even supposed to do with all this stuff! Any ideas? Tips? What would be the easiest way to do my taxes? And when do I need to have them done by?

please feel free to message me on yahoo

2007-02-12 06:38:32 · 6 answers · asked by Ashley Nichole 2 in United States

Essentially, the partnership acted as the loaner, where the buyer repaid the loan to the partnership, with part of the payment going towards principle and the other part to interest. So is that interest considered ordinary income, even though the partnership only had one other similar arrangement, or is this portfolio income? I should mention that the partnership had no other income source other than these two mortgage sales. I should also mention that the sale occurred ten years ago, and was not booked as an installment sale.

BTW, this makes a big difference on the individual partners' tax returns, so I'm hoping for a good answer.

2007-02-12 06:30:31 · 1 answers · asked by Doctor Biobrain 3 in United States

I just filed my taxes and with all of my deductions from schooling and medical and my child - I am actually getting more back than I paid.

About $3500 was withheld last year, but I am getting over $3800...

Is that possible??? The last thing I want to do is to piss the IRS off.

2007-02-12 06:17:40 · 3 answers · asked by Leroy Studying Law 1 in United States

Is there a way to minimize my tax exposure when I annually rebalance my portfolio?

2007-02-12 05:57:53 · 2 answers · asked by rrr ttt 1 in United States

I'm trying to figure out if my long term capital gain is taxed at 5% or 15%. Do I include the gain into my gross income? If I include the gain in my gross income I'd be in the 25% bracket and have to pay 15% on the gain, but if I don't include the gain in my gross income I'd be in15% bracket and pay 5% on the gain. It seems I should figure out what bracket I'm in without including the gain to figure out what I should pay on the gain. Otherwise I'd be paying captial gains tax and regular income tax on the gain.

2007-02-12 05:56:05 · 4 answers · asked by wesred55 1 in United States

I'm a single mom. I have just bought a house with my partner of 3 years and we split every bill half ways, my half of the bills equivalent to what i was paying on my own. Now I have to claim him as Common law and this will not intitle me to any Child Tax Benifit. Without this I can not afford to take care of myself or my children. I will have to leave my boyfriend.

2007-02-12 05:47:18 · 8 answers · asked by Jaon 2 in Canada