Taxes - February 2007

We're in the midst of a divorce, but that won't be final until May.

2007-02-09 20:34:40 · 6 answers · asked by Anonymous in United States

I HATE tax season, because I never know what to claim! I guess I should invest in a class, but anyway. I have a two two fold question:

1. I received my 1098-T from my school. The only lines on the form that have amounts are number 2 "Amounts billed for qualified tuition and related expenses" and number 5 "Scholarships or grants". Can I claim this? My student loans are deferred. I know that if I am able to claim, then it would be a Lifetime Learning Credit, since I'm completing a 4 year degree and I'm currently in my last year.

2. Can I also claim the interest that I paid on my auto loan or just the sales tax that was paid when I purchased it back in May?

Thanks for helping me out...totally clueless!!! :)

2007-02-09 20:27:26 · 4 answers · asked by SuiteNezi 2 in United States

2007-02-09 19:43:39 · 5 answers · asked by Anonymous in India

I live in the uk and am having retirement taxes taken out but will have to work 25 years to collect and I am 50 years old. can I have this sent over into my social security in the united states. I am USA citisen and have lived in Britian for 4 years

2007-02-09 19:26:55 · 2 answers · asked by eldanita 1 in United States

This check came from a Corporation and I am a shareholder. I was not aware of the suit, or that I had been a party to it. I don't understand how it can be treated as a dividend when no product or services were sold that earned this money.

2007-02-09 18:32:22 · 1 answers · asked by Melinda S 1 in United States

just checked my bank on line and tax credits have finally calculated my award and paid me my question is tho how come its gone in on a saturday cause it wasnt there yesterday not that i am complaining like cause now i can go a do a big food shop

2007-02-09 18:27:33 · 7 answers · asked by Anonymous in United Kingdom

she is single has a job, lives on her own and files her own taxes. she is not my dependant so i don't claim her as such. but i pay her college tuition. can i have a legitimate claim on the tuition fees and how.

if i don't can she claim the fee's herself to reduce her tax incidence?
(i figure sombody should)

2007-02-09 18:08:32 · 3 answers · asked by hnm 2 in United States

I live in California since 2004.

2007-02-09 18:07:19 · 5 answers · asked by Jorge C 2 in United States

2007-02-09 17:18:58 · 1 answers · asked by Karasu 1 in Other - Taxes

I received some tax free money in a Personal Injury Settlement. Does it still have to be reported when filing your Taxes? The State is Idaho.

2007-02-09 17:10:48 · 5 answers · asked by Peg G 2 in United States

Like the sales tax what percentage is it

2007-02-09 16:55:31 · 5 answers · asked by the worr e ore 5 in Other - Taxes

it was income last year,,,,,and now they are going to tax it again?......jezuz....this is such a ripoff

2007-02-09 16:22:27 · 8 answers · asked by Anonymous in United States

Do they just remove that deduction and reconfigure your totals or do you have to pay a penalty for not being able to support your deduction?

2007-02-09 16:15:52 · 7 answers · asked by Candilicious 1 in United States

2007-02-09 16:14:34 · 3 answers · asked by peepers 1 in United States

Like reciepts

2007-02-09 16:13:05 · 4 answers · asked by ? 4 in Other - Taxes

Does being in the military help?

2007-02-09 15:50:32 · 4 answers · asked by Anonymous in United States

2007-02-09 15:38:19 · 2 answers · asked by redbone001 1 in United States

2007-02-09 15:36:10 · 5 answers · asked by redbone001 1 in United States

i have a question..... i have 0 dependants and was wondering if people with more dependants get more in their tax returns than people with less and if they get more money deducted in their paycheck...... i was wondering if you can put yourself as a dependant// thanks

2007-02-09 15:24:49 · 2 answers · asked by Anonymous in United States

Ex wife signed 8332 allowing me to claim son as an exemtion. I do not have my son more than 6 months of the year, but am wondering if there is any other tax code I am missing that would allow me to claim HOH

2007-02-09 15:19:22 · 4 answers · asked by Drew 1 in United States

money and a company in a foreign country...how do you place that on a tax return?

2007-02-09 14:46:16 · 2 answers · asked by Paul 3 in United States

There have been like 5 jobs between my husband and me and we moved across country. My husband briefly worked as an independent contracter as well. I think we should have our taxes done by professionals; He wants to do them online. I am afraid we're going to mess up on something, and it is my LAST want to be on the crap list with the IRS. What would you do? I'm assuming our tax return is going to be pretty complicated. It's just the two of us, no kids, no house, and we file married filing jointly, but with all the jobs and the moving expenses (inclusive of a storage unit) I can't help thinking we really should let our taxes be done by someone who really knows what they are doing.

2007-02-09 14:41:01 · 5 answers · asked by Angel 3 in United States

2007-02-09 14:21:24 · 2 answers · asked by Anonymous in United States

need some help. my aunt from Poland has money and she would like me to keep the funds in my account so that when she comes here(about 1 month) i can transfer money to her account.she says she'll give me a little out of it. however,how would i write that in my income taxes? and would i get taxed?
thank you guys and girls!


much love from NY/NJ!

Paul~

2007-02-09 14:17:00 · 5 answers · asked by Paul 3 in United States

education

2007-02-09 14:11:13 · 3 answers · asked by MR. J 1 in United States

Hi, I don't know if I need to claim myself on my 1040ez. I made $6645 last year and $408 was taken out for taxes. Im 17, my mom claimed me as a dependant. On question #5 do I check any of the boxes (you or spouse) or do I leave it blank and put $8450 in the space. I'm confused with what to do.
Thanks

2007-02-09 14:01:12 · 4 answers · asked by Brent 1 in United States

So that you can put the money that would normally be withheld from your paycheck for taxes into a interest bearing account and then you can pay your taxes at the end of the tax year? Isn't letting the Gov't withhold money from your paycheck pretty much giving them an interest free loan (i.e. though you're getting a refund, you didn't have access to that money for most of the year)?

2007-02-09 13:50:58 · 6 answers · asked by trer 3 in United States

I am trying to understand different scenarios for IRA withdrawal.
1. What would be tax amount if I withdraw from IRA $10k after the age of 60 assuming I do not have any other income?
2. In above case, what would be the amount I can withdraw without having to pay any tax?
3. Would the case also be same if I was not a resident of USA at the time of withdrawal?

Thanks in advance

2007-02-09 13:41:09 · 2 answers · asked by rotkark 1 in United States

I need to know if I if this is right, because I or anyone I talk to say it is not, but I don't know for sure. Is it right, if you are NOT self-employed, for them to take employer taxes out on you every week? I pay my taxes, yet they are also charging me 88.00 every 2 weeks for employer taxes. Shouldn't the employer pay their own taxes? I added it up, and it equaled up to$176.92 a month, which is$ 2,123.04 a year, I tried to ask them about it on the phone, and they make it to where you can't understand what they are sayin, and they said they would call me back, and never did. I just need to know, if it is right for the employee to be getting employer taxes withheld from their check? Please help me out here, and if I am not souposed to be paying this, who do I contact to help me resolve this, because personally, I don't think this is fair. Any help will be greatly appreciated......

2007-02-09 13:28:01 · 6 answers · asked by Nicky J 2 in United States

2007-02-09 12:57:14 · 5 answers · asked by wishfullgirl1970 1 in United States