Taxes - February 2007

if i made over $41,000 by myself last year, with no dependents and single and my taxes withheld were almost $2500 but i go to school also and i work as a waitress, how does that make sense? 15% of the wages has to be deducted, am i correct or does it depend on the way human resources calculates the amounts for each employee? because i have to claim 11% of my tips (cash) that i walk with but claim all tips to the cent. how does that actually work?

2007-02-08 06:02:58 · 2 answers · asked by K.S. 1 in Other - Taxes

I'm 22 years old I have not spoken with my father in 3 years. For the past 2 years I didn't file taxes because I wasn't working. My mom just informed me that my father had been claiming on his taxes. I didn't find out until it was taking way to long for my refund to come back . FInally the place where I filed called and said I had already been claimed by someone. I thought that since I was not in school and not living with him or on his health coverage he could not claim me. If anyone knows what I can do please let me know. I want he penalized for the past 3 years that he has claimed me on his taxes. Is there anything the IRS can do.

2007-02-08 06:02:37 · 13 answers · asked by Twyst_02 1 in United States

I whent to H&R block they told me I would only get back $430, then a buddy of mine told me to go to his moma pop shop tax services and they got me back $1200. Why can one get more than the other. I am fileing the short form and both made the same inputs and such but got different results... why?

2007-02-08 06:01:59 · 6 answers · asked by EsYoDaddy 2 in United States

I invested in a mutaul fund for my son some years ago and now he needs to sell to pay for some college expenses.He is 21 years old now The fund was set up as a custodial account.The principle investment has been reduced by almost half.Can he claim the loss even though he does not itemize ?He is also my dependent?

2007-02-08 05:58:55 · 3 answers · asked by HVal16 1 in United States

2007-02-08 05:58:02 · 4 answers · asked by afsn1766 1 in United States

2007-02-08 05:53:53 · 3 answers · asked by tshey73@ameritech.net 1 in United States

i am a waitress at a famous hotel/resturant on miami beach! recently, i had a preparer just look over my W-@ and she told me that my "federal income tax" was too low compared my wages for 2006. should i get a second opinion?

2007-02-08 05:53:04 · 7 answers · asked by K.S. 1 in Other - Taxes

2007-02-08 05:52:09 · 5 answers · asked by Mitchell I 1 in United States

I'm a student and didn't file the 1040 EZ for my part time job last year. I know I was supposed to get like $600 (roughly) back. Is there a fine or penalty if I do both this years and last years? Will I not the my $600 or get less? How does it work? Thanks in advance.

2007-02-08 05:49:20 · 5 answers · asked by Jocelyn 2 in United States

2007-02-08 05:47:25 · 2 answers · asked by mp5sda2 2 in United States

Today I went onto H and R blocks website and saw they had a free tax estimator - so that you wouldnt be surprised when you went to get your taxes done when you found out how much youre getting back or how much you owed! I typed my info in (not sure if i did it right though) and it said i owed almost $35000!!!! I am freaking out. The thing thats making it go up is this: Last year I sold my house, that i only lived in for 1 year and 1 month. The guy that bought it took out a loan for $107000 but i sold my house for $98800, which means he got extra money in his loan for his personal use. I made $6500 profit on my house. I got a 1099 form from the closing lawyers office stating i sold the house for $107000 which i did not because i sold the house for $98800. when i put 107000 in on the HR block website it said i owed $35000!!!!!! Is this correct? please help!

2007-02-08 05:42:45 · 5 answers · asked by Anonymous in United States

I want to file state and federal taxes,I would like to use my savings account to pay for it,is that possible.

2007-02-08 05:33:09 · 7 answers · asked by Anonymous in Other - Taxes

I was online reading up on the tax details and I was wondering if there was a web site to check out if you owe any back taxes to the irs or one to look up to check out for state taxes?

2007-02-08 05:31:49 · 5 answers · asked by kit 1 in United States

I want to file state and federal taxes,I would like to use my savings account to pay for it,is that possible.

2007-02-08 05:31:49 · 19 answers · asked by Anonymous in United States

Generally, how much doest it cost to go to a place like HR Block?

I have fairly simple taxes to do, but i am not too confident to do them myself...how much does it usually cost to go get them done?

2007-02-08 05:31:29 · 2 answers · asked by stephasoris 4 in United States

Now that it is tax season and I'm new to this country, could somebody please tell me what it is we (a couple) can write off?
We recently moved state, both of us attended some college courses, have 2 dogs(?) frequently donate to charity etc.
If we can infact write off moving expenses, then how? It's not like we kept every gas receipt when we filled up, so how does it work?
Thanks.

2007-02-08 05:21:55 · 2 answers · asked by cloclo 2 in United States

Ok, my husband does not have a regular office-he is a union contractor. He goes from job site to job site. He may do this many times in an eight hour day.
He put about 25,000 miles on his truck. Uses it only for work. What can we claim on this? I am confused here because there were about 4 questions in this area. (Using Turbo Tax)
Anyone have a clue? Thanks!

2007-02-08 05:17:03 · 5 answers · asked by Anonymous in United States

Help! I'm doing my own taxes for the first time and I'm totally lost :(

2007-02-08 05:07:35 · 2 answers · asked by Hypnotiq 3 in United States

im living w/ my own and of course paying my own bills that named after me. is it possible that i could get a refund for all of these?

2007-02-08 05:06:08 · 2 answers · asked by Anonymous in United States

I paid montly for health insurance, for my kids. My dentist bill. I go to college, I paid for it and also for the books. Are those income tax deductibles?

2007-02-08 04:57:08 · 1 answers · asked by Pat 2 in United States

I am 17, and my parents got their taxes done and the accountant told them that they cannot claim me as a dependent this year. Is this true, because I always thought that it was at 18 years of age. Can you please help me?

2007-02-08 04:56:22 · 7 answers · asked by Megan K 1 in United States

My wife & I have been living separately for the past year. She is able to claim head of household as our children live with her. I want to file my taxes myself-what is my filing status?

2007-02-08 04:53:20 · 3 answers · asked by scooby3 2 in United States

I just wanted to find out from others who are having their refund delayed if they filed using Turbo Tax.com. My refund was suppose to be refunded to me on 1-26. On the 26th when I called the IRS said that my refund had been refunded to my account, but when I called SBBT they informed me that they had not received my money. Therefore, I called the IRS and was told that there was a delay in the processing of, not only my return, but 72,000 other returns. Please give any information that you can about this. Thnx

2007-02-08 04:48:43 · 9 answers · asked by ccolston2005 1 in United States

My refund is set to be DD into my bank account. I'm new to MA so was wondering what the typical time period is to receive my refund? I know in general they say _ to _ weeks, but what is the realistic waiting period? Thanks!

2007-02-08 04:37:17 · 1 answers · asked by Anonymous in United States

I forgot about that and received the Form in the mail. But my return is already filed and accepted. Do I have to file a 1040X or can I include that into next year's return, since I have 3 years to file an amendment.

2007-02-08 04:30:18 · 5 answers · asked by Sylvia 3 in United States

my taxes were efiled by my accountant on monday is it about a month or so?

2007-02-08 04:21:55 · 7 answers · asked by toolate 3 in United States

My wife and I began the adoption process in 2005 which included a deposit with our tax agency to initiate their services. We have just received a baby but will not finalize the adoption until July or August of 2007. We have just paid the adoption fee to the agency and were unable to get any help from my employer for any adoption expenses. I assume we will have to wait until next year to claim the adoption credit. Will we be able to claim the deposit we paid to our agency in 2005 next year? Also, does the credit apply dollar for dollar or for the maximum amount allowed by the government?

2007-02-08 04:18:26 · 2 answers · asked by teddybear 1 in United States

What is the amount to use when claiming one child as a dependent on my IRS tax form?

2007-02-08 04:18:20 · 2 answers · asked by Mildred S 1 in United States

In our divorce settlement it is stated that he is responsible for all back taxes. (His negligence is the reason they occured.) Last year I expected my refund and they kept it and applied it to his account. How can I get the refund that is coming to me this year?

2007-02-08 04:16:50 · 4 answers · asked by catwoman92672 1 in United States

2007-02-08 04:13:15 · 6 answers · asked by Anonymous in United States