Taxes - February 2007

I am recieving 1099 forms for self employment. Anyone have a basic idea of what I will owe? (I know this question is very general, but I am looking for a guidance before I see my tax person) THANKS

2007-02-08 10:37:30 · 5 answers · asked by ;)~ 1 in United States

2007-02-08 10:20:52 · 1 answers · asked by TERRANCE B 1 in United States

can you claim your pregnant girlfriend who hasn't worked and has been living with you for more than 6 months? Legally? Reference me to where you found it so I can print it out, please!?

2007-02-08 10:02:34 · 3 answers · asked by Anonymous in United States

I had thousands of dollars in medical expenses in 2006. Insurance paid quite a bit of the bills (new knee) but it also cost
me alot of money, other than what insurance paid. Could you
please give me the percentages needed to qualify for medical
expenses. Thank you

2007-02-08 09:56:09 · 4 answers · asked by dutch22@sbcglobal.net 1 in United States

I am under the impression that no such law exists, but I would love for you to prove me wrong. So, I challenge you to find for me the written law stating that an American must pay a Federal Income Tax.

2007-02-08 09:48:34 · 11 answers · asked by tristan_n 1 in United States

2007-02-08 09:40:44 · 4 answers · asked by cjbwhite1 1 in United States

I e-filed on Feb. 3. On Tuesday the "Where's my refund" said they were processing my return and if no mistakes we would receive it by Feb 20. How long does it usually take before it informs me they have accepted my return? Also my tax preparer told me it would deposit on the 16. Which is correct?

2007-02-08 09:38:17 · 3 answers · asked by ~kim~ 1 in United States

So, I'm not looking for specific tax advice because I've already filed my 2006 taxes.

But I'm still left with wondering what the answer is to this question.

We received a refund in 2006 from our 2005 taxes. Now, when filing our 2006 taxes, we're supposed to declare the refund as taxable income.

Why is that? It seems like it's double taxation. (I realize that double taxation happens all the time...look at the death tax!) But still, can anyone explain this to me? Please cite your sources. Thank you.

2007-02-08 09:36:46 · 13 answers · asked by Idiot_Savante 3 in United States

2007-02-08 09:29:20 · 13 answers · asked by JOSH L 1 in United States

He receives a monthly check of $636, That is used to half of the rent, but I am the one that pays the other half plus i buy the groceries i provide the transportation to the doctor, school anything that needs to be done i provide it for him, If he needs clothes it come out of my pocket, should I file head of Household in this matter and should i put him as my dependent, since i take care of him?

2007-02-08 09:15:27 · 10 answers · asked by JESS 2 in United States

okay i am 17 years old my question is do my parents have to claim me even though i made $12,000? if i claim myself and they dont claim me i get $600 back if i dont claim myself and let them claim me i owe $16..

2007-02-08 09:15:11 · 7 answers · asked by Jack 2 in United States

I help people for free who don't know how to do their taxes. This person works all year in the trades, he is not highly educated and I have reason to know he has little in the way of material possesions and he works all the time? If he is being victimized, does he have to be the one to complain?

2007-02-08 09:14:52 · 6 answers · asked by Wood Smoke ~ Free2Bme! 6 in United States

I was a waitress last march so should i file taxes? it was only for a month and i dont know if its worth my time to do it. I do have to small children so would i get more money?

2007-02-08 09:13:43 · 11 answers · asked by kendra9_15_2005 2 in Other - Taxes

I'm waiting on a W2 from out-of-state. I called them & made sure they had my address, but still...nothing.
What's the legal deadline, & how can I make sure they mail it to me?
Thanx.

2007-02-08 09:05:32 · 7 answers · asked by Anonymous in United States

2007-02-08 09:05:14 · 7 answers · asked by Anonymous in Other - Taxes

My brother is able to deduct the interest he pays on his farm equipment, and I'm able to deduct the interest I pay on a student loan... so I was wondering if anyone knows if it's possible (or legal) to deduct the interest paid on an auto loan come tax time?

2007-02-08 09:02:42 · 7 answers · asked by Anonymous in United States

i have been waiting on a W-2 from my last job. its the only thing im waiting on and i really need this tax return like yesterday. i was only at ths job long enough to get one pay check and i was just wanting to know what kinda position it would put me in if i filed without it.

2007-02-08 08:59:18 · 6 answers · asked by dave0363640 1 in United States

My boyfriend and his ex have a signed legal document by their lawyer saying that in even years he claims her, on odd years she does. She is always broke and decided she wanted to go ahead and claim her this year. She already has her refund and went and bought a new tv with it. He has legal documentation saying it is his year to claim her. I've heard once he sends in his taxes along with the letter proving it is his year to claim her, she will have to repay the money she was refunded for her, and if this is not possible, could serve jail time. Anybody know anything more about this??

2007-02-08 08:51:50 · 14 answers · asked by jaded_u_714 2 in United States

2007-02-08 08:50:46 · 4 answers · asked by Billy T 6 in United States

He gives me money orders on a weekly basis, and he is not going to file this as less income on his taxes.

2007-02-08 08:43:49 · 9 answers · asked by maruka033 1 in United States

I dont understand why if I claim one all year long, when it comes time to file my federal taxes, why do I owe? Shouldnt it be if you claim one all year, when you file your taxes you should atleast break even? I owe money! However, I get money back from state. I dont understand!

2007-02-08 08:40:48 · 5 answers · asked by Dani 2 in United States

I did work I just got paid under the table. I paid my own bills and have reciepts from paying my own rent out of my own checking account and also my Lease from my apartment. Will getting paid under the table open up a can of worms?

Also I was not in school at all. In June 2006 I got a new job working full time which is why I filed taxes this year. I made over $10,000. My father nor my mom in no way supports me and I have not lived with my mom or my dad in the past 4 years. I have been living with my fiance for the past 3 1/2 years. Maybe I worded some things wrong. Anyway Thanx for all the advice and any more advice that you can offer.

2007-02-08 08:38:20 · 6 answers · asked by Twyst_02 1 in United States

2007-02-08 08:33:46 · 1 answers · asked by JW Q 1 in United States

A friend already submitted her taxes (TurboTax) and now received notice of a $300.00 penatly for withdrawing money from her 401K sometime during 2006. She attempted to amend her taxes but when she put in the penatly... her tax refund did not go down by the expected $300.00, instead it decreased about $150.00. Any particular reason for this... what is she doing wrong in ammending her tax return?

2007-02-08 08:31:14 · 1 answers · asked by DoorWay 3 in United States

2007-02-08 08:30:19 · 2 answers · asked by auntsuzy68 1 in United States

do i get bolth back? if this helps heres my other info they took out 603.00 for social Security and 141.00 for medicare

2007-02-08 08:28:59 · 4 answers · asked by Kstar 2 in United States

I am still legally married, but I have no idea where my husband is. He was deported nearly 4 years ago, and we have no contact. So my question is, how do I file my US income tax return? Should I file as single? I can't really file as married, since both people need to sign the return. Any help would be greatly appreciated.

2007-02-08 08:28:55 · 5 answers · asked by Mikey80 2 in United States

2007-02-08 08:13:11 · 3 answers · asked by John W 3 in United States

I've never had to do them before, so what would be the best way considering my age and amount of money?

2007-02-08 08:09:16 · 3 answers · asked by zander1331 3 in United States

I am a college student with w-2s from different states and Jackson Hewitt said it would be about $150 to file. Should I do it myself, I mean what more could they do for me? Also, what form would I use for a college student paying plenty for tuition and everything else? Thank you for the help.

2007-02-08 07:58:33 · 6 answers · asked by Matt H 2 in United States