Taxes - February 2007

2007-02-07 07:03:08 · 6 answers · asked by Clay 1 in United States

I'm new to paying tax in the US, and I am not sure whether I will receive a separate tax form?

2007-02-07 07:01:53 · 7 answers · asked by the ignorant 2 in United States

I look at it as like i'm giving back to the country for the success that my country made possible. I couldn't have made the money without the backbone, the capitalism, and security that my country provided. To continue this life we enjoy, we must continually give back, and taxes are a real part of that process.

2007-02-07 06:59:32 · 14 answers · asked by mulderlx 2 in United States

I've been seeing a lot of people that were told that they would recieve their refunds by 1/26 are having problems. What about those that filed a week or so later? I filed on 1/29 and I'm not supposed to get my refund until 2/9/07. I'm just wondering if I'll run into these same problems. The IRS website says to expect it on this coming Friday..has anyone else had a similar message only to go back and see that it changed?

2007-02-07 06:53:37 · 6 answers · asked by Justinsmom 3 in United States

I work for a solo practicing attorney who pays me by personal check and has an account take care of the w-2 of his employees.. i have not recieved my w-2 yet and have made several calls to my boss's accountant.. any suggestions on how to go about recieving them immediately or is there anyone i can report the accountant too?

2007-02-07 06:52:25 · 8 answers · asked by bklynmka 3 in United States

What should I do, if I never did my taxes for 2003 when I worked at a company as a contract worker, meaning they never deducted any taxes. What should I do help!!!!????!!!

2007-02-07 06:51:42 · 4 answers · asked by Ana F 1 in Australia

is it better to buy turbo tax from officemax or use it directly off the internet?

2007-02-07 06:51:27 · 7 answers · asked by pooh bear 4 in Other - Taxes

I seen that there is a new tax law that if you use your car for work purposes (running errands) you can use it as a tax deduction. my question is has anyone heard of this and the 44.5 cents a mile i get is not taxed, so can i still use it as a tax deduction?

2007-02-07 06:48:49 · 7 answers · asked by bbwg_hbic 2 in United States

I'm working on filing my federal taxes. In 2006, I have a summer job in which I brought in about $5,885, as well as a job on campus (exempt from FICA) that brought in $1025. I also earned $108 in interest income (1099-INT) from my bank.

My total federal withholding for the year was $458. I was looking into using H&R Block's tax program to do my taxes...but when I check the box "I can be claimed as a dependent", it knocks my return from $458 to $271. Why? Is there anything I can do?

2007-02-07 06:45:22 · 8 answers · asked by bjoak 1 in United States

2007-02-07 06:42:29 · 5 answers · asked by AMYUS 1 in United States

I am used to using Turbo Tax but this year have to file in 4 states, so with downloading each state, I am thinking it may be less expensive to go to H & R Block. Has anyone had good/bad experience with them? Also, how much does it typically cost?

2007-02-07 06:40:48 · 5 answers · asked by KJ480 3 in United States

2007-02-07 06:40:06 · 11 answers · asked by help101 1 in United States

does anyone know if state and federal turbo tax is good for basic taxes? i work on the books, and i wanted to know if i can do my taxes on my own. i already bought the software.. can i use it more than once? for different people?

2007-02-07 06:38:18 · 4 answers · asked by Anonymous in United States

i know you can make a certain amount per month. am in calif.
how much.

2007-02-07 06:38:03 · 3 answers · asked by J 4 in Other - Taxes

I am fixing to file my taxes but it is somewhat complicated for me. I wanted to use the turbo tax, but the first half of the year i got a w-2. Then the next three months i got a 1099. Then the last three months i had my own hair business with just myself and i haven't sent any money in yet for that. I don't know if the program has a way to enter both?. Also, the money that I have put back for taxes on the last three months of the year, how do i send that in, and do i send it in evevn if i am entitled to a refund? thanks

2007-02-07 06:35:47 · 10 answers · asked by pooh bear 4 in United States

Major types, additional information

2007-02-07 06:30:30 · 5 answers · asked by raj 1 in United States

I can't file my 2006 taxes electronically without a password or my exact AGI, and I don't have last year's tax return. Any help is appreciated.

2007-02-07 06:28:40 · 4 answers · asked by chas218 1 in United States

She wants to compare it to her W-2 . She was told that check stubs were provided as a convenience and was verbally given totals. Are there any Indiana state laws or Federal laws that state that stubs and copies ARE to be provided at an employee's request?

2007-02-07 06:27:15 · 3 answers · asked by mskay125 2 in United States

If we expanded the bracket to lets say 2 million at 37%, then people at the 150,000 or lower would be at a lower tax bracket. Makes sense to me, but it doesn't seem to be an idea coming out of politicians mouths.

2007-02-07 06:25:48 · 5 answers · asked by mulderlx 2 in United States

I havent got my w2 from my former employer. They first said it would be mailed out mid january, I called on Feb 5 they said I should receive it soon. Is there any date they MUST hav it out by?

2007-02-07 06:20:20 · 7 answers · asked by mixedchick 2 in United States

2007-02-07 06:13:22 · 3 answers · asked by Chris 5 in United Kingdom

I have a full time oppurtunity with 12lacs CTC and a one year contract oppurtunity that will pay me Rs 1.20lacs a month(sum 14.4 lacs) for the year(They will deduct only the std deduction rate of 5.1% and give the rest to me). The contract can be renewed upon completion based on mutual agreement. I have same leave package with both oppurtunites. Both are similar oppurtunities.Which should I choose? I am in a quandry and I need to decide before Friday this week. Please help me decide. I am not sure whether I will make more money with the Contract oppurtunity with the way Indian tax is laid out. Can someone please tell me what are the deductions(like house rent,phone bills,car interest payment,car depreciation etc) that I can deduct for the contract position and what would be my net effective tax. I really appreciate any inputs. Any justifications are welcome.

2007-02-07 06:02:17 · 2 answers · asked by Santhosh K 1 in India

Brother initially borrowed $92, 000 and then paid us paid the $92,000 plus interest of $8,000 that accrued on the loan to repay our equity loan of $100,000 during 2006. We received a 1098 Form for interest paid credit/deduction. Do we get to claim the $8,000 interest or does he?

2007-02-07 06:02:09 · 6 answers · asked by melissa m 1 in United States

Distributuion code off form 1099R is 01

2007-02-07 05:28:38 · 2 answers · asked by Carol K 1 in United States

My husband still has not received his W-2. He called the local store AND the corporate office, and for some reason they refuse to give him the federal employer identification number. How else can we get this? Apparently I can't file unless I have this number.

2007-02-07 05:27:49 · 3 answers · asked by A Jen In Progress 1 in United States

i took 7 units of college last semester fall 2006. i paidout of pocket. but i Havent received any form from my school. does this mean i don't qualify? i live in california, i made about 20k in 2006 and I paid about 300 dollars for tuition alone.

2007-02-07 05:03:08 · 5 answers · asked by Anonymous in United States

A friend of mine just found out that no federal tax was taken out all year and now owes the IRS almost $5K. In hindsight, she should've checked her paystub, but when she approached her boss, she blamed my friend saying it's because she only took 1 withholding (which is not true), then said it was the paycheck company's fault. She knows she can get on a payment plan with the IRS, but she's still really upset about how her boss handled it. Wouldn't an employer who uses Quickbooks catch an employee who didn't have a "federal tax" line on their paystub? Should she see a tax attorney?

2007-02-07 05:01:11 · 14 answers · asked by Andrea K 2 in United States

2007-02-07 04:46:22 · 8 answers · asked by pdokeeffe 1 in United Kingdom

2007-02-07 04:44:15 · 6 answers · asked by toyplayday 1 in United States

Is there any exception that I can take for the tax penalty? Professional advice needed please.

2007-02-07 04:37:26 · 1 answers · asked by dancing11freak 2 in United States