Taxes - March 2007

How much tax are you charged for the use of company cars. Is it charged annually or based on mileage or combination....??

2007-03-31 22:48:36 · 5 answers · asked by Kevin D 1 in United Kingdom

i want to directly deposit my income tax check to my friends account. i do not have checking account? for online filing.

2007-03-31 21:13:46 · 10 answers · asked by Anonymous in United States

2007-03-31 21:09:47 · 4 answers · asked by mandy 1 in United States

we had to relocate half way through 2006 due to unforseen job closing. we now pay high rent near our new jobs and are trying to carry the mortgage by renting the former house until it sells, which it hasn't yet because the market is slow. we are losing money on the home, can we declare losses against our 2006 income? we assume that if we declare it as a rental property to take such losses we cannot still take the mortgage interest deduction, or can we still for the number of months we lived there? can we declare and deduct losses currently being accrued where we have had to relocate, as we now lose each month due to high rent necessary to live within a commute distance to work (we both have 1-2 hour commutes and live in between the two new jobs)

2007-03-31 20:45:52 · 4 answers · asked by D L 1 in United States

For instance, I am expecting a tax return check and my name isn't going to be correct on it. It's only like one letter that was mispelled in my first name.
Even though my social security is correct, is it possible to still cash my check with no problems? ORRR do I just have to wait six months, get the check, tell them there's a mistake, correct the mistake, send the forms BACK in, and then wait six more months for my return?

Can I just call them and tell them the mistake? Will I get in trouble if I fill out a NEW set of forms even though they have my old ones on record?

2007-03-31 19:02:45 · 3 answers · asked by Anonymous in United States

Do they take more out the more people you claim or more the less you claim? Also can you claim an unborn child?

2007-03-31 18:43:06 · 6 answers · asked by Mrs. P 2 in United States

put it towards the medicare and social security system, do you think that could fix the medicare retirment system....

2007-03-31 18:13:25 · 7 answers · asked by dianemelloniemarlenejerryginder 3 in United States

My uncle (CPA) explained to me that next year my husband and I will benefit from an automatic $1,000 tax credit AND we will get an automatic $3,000 tax deduction because we will have a baby this year.

First of all, what is the difference between a tax credit and a tax deduction?

B/c of our baby, can we expect 2 tax benefits that will automatically be granted by the government, or does this differ from state to state?

Hypothetically, if we owe...say $1,000 in taxes this year for fed and state (from the 2006 year), and we did no changes on our W2's for this current tax year (no additional withholding, same deductions...plus our new dependent- baby), should we expect to "break even" or perhaps be reimbursed a couple hundred in 2008 b/c of our baby?

Our accountant neglected to tell us about the auto $1000 credit...

Thanks for your help!

2007-03-31 17:56:12 · 4 answers · asked by Sylves 3 in United States

2007-03-31 17:13:06 · 4 answers · asked by LOIS M 1 in United States

I received a hardship discharge from Chapter 13 bankruptcy due to my husbands death. I am still having a hard time financially even though I work. How will it affect my Income Tax or will it affect it all?

2007-03-31 16:41:46 · 3 answers · asked by Sapwife1 1 in United States

2007-03-31 16:03:30 · 7 answers · asked by tooparks 1 in United States

On my W-2 it shows DE takes being taken out. Since I only work from home (NJ) do I need to file a DE return as well as a NJ return?

2007-03-31 15:00:21 · 2 answers · asked by hambone 1 in United States

I am a self-employed artist. My accountant has just dropped the bomb on me that I owe the IRS $2,500 this year. Is there ANYTHING anyone might know, any little secret about a deduction I might have missed? (besides your normal expenses and mileage)

2007-03-31 14:36:07 · 10 answers · asked by daisy_crazy32 2 in United States

On my w-2, I noticed my 'social security wages' (box 3) are higher than my 'wages, tips, other compensation' (box 1.) Are either of these amounts my total wages for the year? Or, are these just the amounts that are taxable after insurance premiums and other pre-tax deductions are taken out?

2007-03-31 13:10:54 · 6 answers · asked by mloraine76 2 in United States

ok i want to donate 200 dollars to a local highschool basketball team, they said i would get a reciept to deduct it from my taxes, so exactly how much of that money will i get back?

2007-03-31 12:25:24 · 5 answers · asked by Not Hispanic, MEXICAN! 1 in United States

he sent me a 1099-misc but i fall as a employee status and he claimed me as self employed.. what can i do?
i worked hourly
paid weekly
was not in charge
was told what to do and when

2007-03-31 11:14:18 · 6 answers · asked by jeff c 1 in United States

My mother LOST my W2 last year and assured me it would be okay but I want to know for sure from some one who knows! I do plan on paying it back but I need to know if it really is okay to file for them this year and any other information I should know.

2007-03-31 10:57:11 · 7 answers · asked by sugarmox 1 in United States

...a template. I'm noticing various worksheets that he has given to me with MY copies of the returns over the years. Is this something that I have to provide to IRS with my 2006 return, or did he just provide those for me and NOT file them with my returns?

2007-03-31 10:37:02 · 2 answers · asked by tess 1 in United States

I'm single, no kids, a full time college student working a part time job. I make a little over $1000 a month. What should I claim on my W4 form ?. Ultimately, I dont want end up owing the government more money come tax time next year.

2007-03-31 10:33:46 · 7 answers · asked by Anonymous in United States

...just had the IRS lose to $5,000 pre-payments and they want to charge me interest and penality for their mistake...

....to make a long story short , as I will have to take 2 weeks off to straighten out "Their" mistake...God I hate the INfernal Revenue.
..

2007-03-31 10:29:52 · 4 answers · asked by Rada S 5 in United States

I sold my house within 2 years of residency. I had Calhfa loan. I know I don't have to pay recapture tax because my income doesn't exceed the adjusted income limit. Should I pay capital gain though (Schedule D form 1040)?

2007-03-31 10:22:54 · 1 answers · asked by bunga 1 in United States

I was supposed to get a check in February. I was a check last week. I called the IRS. They said that I should either have a check by April 2nd or they will need additional information. Does that mean that I'm getting audited. I would like to know will I be receiving a refund and what are they looking or on my taxes?

2007-03-31 10:20:49 · 3 answers · asked by Anonymous in United States

Have you noticed that when you speak to representatives for the Inland Revenue on their advice lines they can act like they got their heads up their own asses? They are so arrogant because they think they are above you in terms of what they have been trained to know at the IR.

2007-03-31 10:20:11 · 4 answers · asked by Daniel_Walton 3 in United Kingdom

2007-03-31 10:15:41 · 6 answers · asked by Mimi 4 in United States

I have a couple of 1099s and have calculated that I owe about 100$ federal taxes, that comes to 900$ over what I paid in regular jobs (I mean if I didn't have those 1099 I would get 800) I know part of it is social security and medicare but it's still high. Also i didin't make any estimated payments since i had no clue i would make this much will i be penalized?

2007-03-31 10:14:02 · 3 answers · asked by SnakEve 4 in United States

I'm trying to do my taxes and I can't find out how much I paid for my CA Vehicle License Fee last year. Can a few people tell me what yours is and on what type of car so I can estimate? Mine is a 2004 Saturn Ion. So any similar cars/years in the state of California would be helpful.

2007-03-31 09:53:15 · 3 answers · asked by Anonymous in United States

My husband attended school through the military full-time this past year. My question is can he claim the lifetime learning credit, or do military schools not count. It was nursing school that is equal to a regular nursing course.

2007-03-31 09:46:43 · 2 answers · asked by TPsMom 2 in United States

this year. I know he know's what he's doing. How was he able to file this for me?

2007-03-31 09:46:10 · 6 answers · asked by tess 1 in United States

The government owes me about $400, my accountant mailed my taxes for me about a week ago, when should I expect to get the check in the mail?

2007-03-31 09:31:09 · 9 answers · asked by Anonymous in United States

I need to find a SIMPLE way to figure out taxes if I am self-employeed. For federal, state & SSI. Is it too much to ask to find a place that just gives you the formula's and definations for all three? I know my local tax is a flat rate % so I'm not concerned about that. I got more confussed than ever when I "googled" self employment. Thanks for whatever help you can give. All I want to do is babysit for a friend & do some freelance writing so I need to a program for my taxes.

2007-03-31 09:30:14 · 3 answers · asked by Barbiq 6 in United States