Taxes - March 2007

When I give my contractors a 1099-misc., do I have to file a 1096 along with each one or do I file (1) 1096 for all of them with the total dollar amount listed that was paid out?

2007-03-01 08:02:50 · 3 answers · asked by bummy65807 1 in United States

Ok so after you purchase a tax deed you own the said property? correct? However what happens to the mortgage? Don't you have to make those payments? Or does it just disappear?

2007-03-01 07:15:44 · 1 answers · asked by hoople96 1 in United States

my husband owns his own business his is the only employee ..and now pays a sales tax quarterly depending on his weekly/month income...are you allowed to claim the total amount of sales taxes paid in at the end of the year on your income tax?

2007-03-01 06:50:36 · 7 answers · asked by bluepolisheyes007 1 in United States

Hi All,

I work in NJ for a small company. My employer provides me with Health insurance and I pay 20% of the cost each month. Recently I noticed that my employer is deducting this amount from my after tax salary. I talked to a couple of my friends and their health premiums get deducted before taxes are applied, so they do not have to pay taxes for that much amount.

I want to go talk to my employer and let him know about this. Should my employer also be deduction my premiums before my salary is taxed? Is there any rules which states this? Any references to link/websites will be greatly appreciated!

2007-03-01 06:26:18 · 3 answers · asked by Kunal G 1 in United States

My mother-in-law provides daycare for my child. I pay her and claim the money back from my FSA at work. I do not send her a 1099 or w-2. This is her only income, what form does she use and how does she report the income on the form?

2007-03-01 06:25:33 · 5 answers · asked by ckllrvlk L 1 in United States

2007-03-01 06:23:42 · 5 answers · asked by Sly K 1 in United Kingdom

I live in NJ. And on my W-2 it shows in box 14, "3.00 MIF" and "77.91 UI/HC/WD". I know what the UI/HC/WD is, but what is MIF?

2007-03-01 06:14:12 · 4 answers · asked by okterrific23 3 in Other - Taxes

2007-03-01 06:10:06 · 2 answers · asked by HOWARD E R 1 in United States

Kids often get an allowance or have some kind of part time job, and everytime they purchase something they have to pay sales taxes.

2007-03-01 06:03:46 · 6 answers · asked by Eric 1 in Other - Taxes

I sent out my tax return papers on the 2nd of feb through the mail. I am NOT geting a direct deposet when should i be geting them back????

2007-03-01 06:00:51 · 4 answers · asked by Gypsy 3 in Other - Taxes

2007-03-01 05:47:40 · 5 answers · asked by J J 1 in United States

2007-03-01 05:41:04 · 4 answers · asked by John W 1 in United States

I would really appreciate some extra income. However, I am at the near top end of my income tax bracket and a second job would probably only be for a few dollars an hour.

Is there any way I could get around this, or another type of job I could do were the tax penalties wouldn't be as severe?

2007-03-01 05:28:33 · 7 answers · asked by gravvyboat 2 in United States

I know I can deduct interest and points but what about other closing fees, etc

2007-03-01 05:22:52 · 5 answers · asked by Clockwork Grape 3 in United States

We are planning to buy a home near our children. Is there a way to put it in our children's name without a tax burden on them? This is because we could end up in a nursing home and the state takes it.

2007-03-01 05:16:06 · 6 answers · asked by richard w 1 in United States

I am 23 and my mother claimed me on her taxes because I was still in Law school until May 2006. Do I need to file taxes? I did earn wages as a waitress. Any tips for filing taxes as a waitress?

2007-03-01 05:11:21 · 6 answers · asked by jessicaylyon 1 in Other - Taxes

After reviewing my fiances taxes from last year, I found that he did not claim any of the property taxes, mortgage interest or points paid for 2005; is he able to claim them now? How should he go about doing this?

2007-03-01 05:09:13 · 7 answers · asked by foolograce72 2 in United States

2007-03-01 05:09:08 · 2 answers · asked by tofukid 1 in United States

My son's father wants to claim him as a dependent. He says that since he pays child support (a whopping $300 a month) that he is entitled to, and will take me to court if I don't agree to take turns. If he took this to court is there a chance he'll win? I don't want to spend the money to go to court if I'll lose anyways.

2007-03-01 05:03:46 · 9 answers · asked by jgarcia62780 1 in United States

2007-03-01 04:53:15 · 3 answers · asked by stacy S 2 in Other - Taxes

For some reason, I thought I had to attach everything to my return. But Turbo Tax told me I only have to attach the W2's. Do I need to attach copies of my interest earned 1099's, my 1099Misc, and my Unemployment compensation. All of these forms did not have a copy attached for my federal return. Do I make a copy and attach, or not. I did get a 1099 copy for my state return, and attached that, but not one for my Federal return.

Please only answers from people that know the answer. Thanks in advance. I am waiting to mail, till I get an answer.
Mike

2007-03-01 04:51:07 · 10 answers · asked by Anonymous in United States

is it lawfull to deduct a lumpsum of monies paid on ones residence to reduce the principal

2007-03-01 04:39:49 · 6 answers · asked by peter h 1 in United States

I am a Belgian citizen en a US resident, greencard holder, and hence have to declare taxes in the USA.
I still have a wages income from Belgium which is taxed in Belgium. I travel back and forth to be able to keep this income. Up to now I have declared this income and gotten an exclusion for it as indicated in the treaty of Den Hague. This year how ever I have heard rumors that the IRS is planning on taxing foreign income if you do not reside in that country or spend there more then 330 days, even though the income has already been (heavely) taxed. Is this correct? How can I avoid from being double taxed? I could take up residency back in my home country but this would probably endager my greencard ...

2007-03-01 04:30:44 · 2 answers · asked by Red 1 in United States

I was told that if I own property that it can be done.

2007-03-01 04:13:43 · 3 answers · asked by Zee R 1 in Canada

Why is that when I enter Child Care Credit $8000 that I paid last year for day care on my tax return, the number changes from "I Owe Tax" from $2,443 to $4,087? I thought it should reduce what I owe but it went the other way. How is this possible? Am I entering this in the wrong place? Thanks.

2007-03-01 04:10:03 · 5 answers · asked by dol1234 1 in United States

I work at a University and we have some visiting researchers coming over for 4 x two weekly periods to engage in research. They will be being paid their salary by the company in France but I wanted to know whether we should tax them as according to my interpretation of Article 21 of the double taxation agreement, they should not pay tax in the UK. I would appreciate any guidance on this as I am not sure if we are following the correct procedure.

Thanks in advance.

2007-03-01 03:51:48 · 4 answers · asked by LiamsGal 1 in United Kingdom

I want to file my taxes jointly with my wife and have my son as a dependent but I'm not sure on how I'd do this. Here are the details:

I have my W2 (less than 52K). my wife started working at her first job mid december but she didn't get a W-2. The first pay-stub she got was dated Jan 01-15 but she was already employed (and got paid) from Dec 18. Can I still file jointly?

On another note, my son arrived with my wife to the US on Dec 15. My son (14 months old) does not have an SSN but I read that he can appy for an ITIN for tax purposes. I also read that you can file for your returns and just place "APPLIED FOR" in the SSN field for the dependent child or submit the W7 along with your tax papers.

I guess what I'm trying to drive at is the possibility of filing jointly with a standard deduction of 10,300 plus dependent exemption for my son.

2007-03-01 03:47:54 · 4 answers · asked by majin 2 in United States

Hello all..

I used turbo tax to do my tax returns for 2006. My perm address is in MD but I worked in DC over the summer and worked in CT while I was at school. After finishing my returns, it shows that I receive a refund from DC but I owe MD money. Do I need to file a MD return even though I didn't work in MD?

2007-03-01 03:41:20 · 6 answers · asked by chris_song83 1 in Other - Taxes

irs sending my return march 2nd wondering how long it should take.....

2007-03-01 03:40:25 · 3 answers · asked by chrislang_2411 1 in United States

2007-03-01 03:30:48 · 2 answers · asked by Harish Jharia 7 in Other - Taxes