Taxes - March 2007

everybody will invest in LIC.
I know that I am in confusion . please explain me what it is?

2007-03-01 16:59:11 · 8 answers · asked by Vijay Soni 2 in India

My wife and 14-month old son just arrived here in the US last december. I am in the process of filing my tax return but I am unsure if my son qualifies as my dependent since he's only been in the US for about a month on 2006.

I think one of the qualifications was that the child should have lived with you for over 6 months. In this case, he has lived with my wife for the entire year (our home country and the US).

** the assumption is that my son already has an ITIN, my wife has her SSN

On another note, if my son qualifies as a dependent, would a non-licensed care taker be considered as dependent care? (no reciepts can be provided)

2007-03-01 16:51:42 · 6 answers · asked by majin 2 in United States

I have made some charitable contributions, the cash part I have no receipts for because you dont think about it at the time, then it adds up. Will I be asked for a receipt for those? How about items to salvation army?

2007-03-01 16:49:01 · 2 answers · asked by Mx2 4 in United States

please answer this question according to indian tax rule 2006

2007-03-01 16:16:03 · 3 answers · asked by sankha s 1 in India

I was a nanny for six months just got my 1099 I made 11,600 can someone tell me where to go to find out how much i will owe or is someone a tax person i have about 1300 dollers saved up to pay is that enough?

2007-03-01 16:13:54 · 2 answers · asked by aznat1984 1 in United States

2007-03-01 16:11:52 · 1 answers · asked by JOHN J 1 in United States

Does anyone know what the percentage of a person's pay the feds take out for Social Security?

I've been working for the state for several years so I've been kicking into the state pension system instead of SS. I'm leaving to take another job - it's been awhile since I last worked in the private sector and I can't remember how much the feds take out.

2007-03-01 16:04:28 · 5 answers · asked by John M 1 in United States

could you still put money into ira's and get the deductions?

2007-03-01 15:58:42 · 1 answers · asked by MR TADS 4 in United Kingdom

2007-03-01 15:58:33 · 6 answers · asked by Chief Slapaho 1 in United States

2007-03-01 15:53:22 · 9 answers · asked by vininagpal2004 1 in India

2007-03-01 15:39:41 · 3 answers · asked by heather k 1 in Canada

When did they start intercepting your State Tax refund for Doctor bills?? And will they also take it from Federal if the State refund doesn't cover all that is due??

2007-03-01 15:28:55 · 1 answers · asked by dkc220 2 in United States

OK, I know this is very general, but maybe someone could give me a general estimate. On my 2005 taxes I filed single, was claimed as a dependent (I claimed 0) , made about 12k, no deductions, as part-time student. I got a $40 refund. This year I everything will stay the same except I'll file as a full-time student, and made about 14k. Will I end up oweing this time around if I still claim 0? If I claim myself, that will definately up my refund, correct?

2007-03-01 14:48:19 · 2 answers · asked by ? 2 in United States

what are the qualifications for filing.

2007-03-01 14:42:57 · 3 answers · asked by Prince M 1 in United States

I have purchased a land plot for which I have taken a loan and I am paying EMI (equated monthly instalment) for home loan. Now I want to buy another plot and for that I have to raise a loan from another bank.

2007-03-01 14:36:15 · 3 answers · asked by Anonymous in India

a person or firm that is knowledgeable in helping someone that needs help in getting all the deductions in a small fleet market business.

2007-03-01 14:13:24 · 2 answers · asked by bossy mary 1 in United States

2007-03-01 14:05:29 · 4 answers · asked by Tim 5 in Other - Taxes

presented by finance minister on feb 28 in the parliament of india.

2007-03-01 14:03:21 · 3 answers · asked by Anonymous in India

need help getting my w-2 for 2005 i lost it somewhere can u help me at no cost

2007-03-01 14:00:40 · 4 answers · asked by vickie h 1 in United States

Not deficit, economy.

2007-03-01 13:52:36 · 13 answers · asked by Anonymous in Other - Taxes

What if renovations took 6 months and my mailing address wasn't changed and the bills are in my girl friends name, etc?

2007-03-01 13:20:11 · 3 answers · asked by alan p 1 in United States

2007-03-01 13:18:58 · 6 answers · asked by Anonymous in United States

2007-03-01 13:15:44 · 7 answers · asked by Anonymous in United States

Is averaging a 92 on the four sections of the exam a good score? Where does it rank with the rest of the country?

2007-03-01 12:53:03 · 3 answers · asked by Dark Helmet 2 in United States

2007-03-01 12:52:16 · 1 answers · asked by Anonymous in United States

1) I was assigned on covered call options. I understand that I should add the premium received for the option to the proceeds from the associated stock sale and report that on Schedule D as part of the sale price of the stock. Is that all that goes on Schedule D? Do I report the option itself anywhere?

2) Separately, I wrote covered call options that had less than 30 days until expiration and identified them as a straddle with the related stock. I later bought back the calls at a loss. Does this count as an "identified straddle" where I just increase the basis in the stock by the amount of the loss or does that fact that the expiration date was less than 30 days away mean that it is subject to the traditional loss deferral rules? Also, what effect is there on my holding period for the stock - was it terminated when I sold the options or just suspended?

2007-03-01 12:41:22 · 3 answers · asked by Dave W 6 in United States

I dont file like most people i have all of the forms but i was just wondering if there are any deductions to help cause i am self employed and i dont pay taxes all year until the end and i made too much to file earned income credit
ERICA

2007-03-01 12:33:39 · 5 answers · asked by ericamandella 1 in United States

2007-03-01 12:29:22 · 8 answers · asked by just me 1 in United States

The purchase price is $255K how much would I pay for property taxes? yearly...

2007-03-01 12:25:54 · 3 answers · asked by Gigi D 1 in United States

if this is even an answerable question, i know it depends on a lot of things, but what is the average percent of your paycheck that is taken out each week if you claim zero?

2007-03-01 11:44:05 · 3 answers · asked by redhot787 2 in United States