Taxes - March 2007

how do i know if irs received notice I received outside pay, i do not re call exact amount, if I did not get notice on how much someone paid me what do I do

2007-03-26 12:58:18 · 1 answers · asked by jdschumanrk 1 in United States

2007-03-26 12:57:19 · 1 answers · asked by rose t 1 in United States

I am probably going to be selling my house this year. This has been my primary residence for the past 2.5 years. It will probably sell for around $20k more than I paid for it. I see that the maximum investment income is around $2,800 or less to still qualify for the EIC. I beleive the sale of my home would be considered capital gains and would be included in investement income.
However I know that there are other tax laws that come into play since I've been in my home for 2 of the past 5 years and may not have to pay capital gains on it. Does it make it somehow exempt from being counted as interest income for EIC eligibility?
Please only respond if you really do know what you're talking about! Thanks in advancd!

2007-03-26 12:56:47 · 4 answers · asked by nazenail 2 in United States

can you give me more details, I can itemize my medicals, and non reimbured business expense, but must pay ss and medicare on non w4 wages any other information please pass on

2007-03-26 12:54:46 · 3 answers · asked by jdschumanrk 1 in Other - Taxes

I'm 15 and only made $800 from a summer job that lasted only about 2months. Some ppl say I have to pay taxes, others say I will get back a return or something like that. My employer sent me a official sheet saying how much I made etc.. I'm not sure what that is or what I do with it, and do I need to file anything. Please Help

2007-03-26 12:40:45 · 16 answers · asked by Laura 3 in United States

Last year my parent's home was foreclosed on. They moved and haven't been doing too bad since. My father leased a semi and now they finally seem to be getting back on their feet. Today my mother tells me that because of the foreclosure they have to pay $25000 in tax. Why is this and how can this be? I just got over seeing my parents deal with huge financial problems, if they have to file for bankruptcy because of some stupid tax my father will lose his semi. He was so proud to be running his own little business, this will destroy my parents. I've seen them have to deal with so much over the last three years, I just cant stand to see this happen. Why would they have to pay tax on a property that was taken from them and then sold? They were not behind on taxes either, so I just dont understand. Please help.

2007-03-26 12:33:40 · 5 answers · asked by AKM 1 in United States

2007-03-26 12:30:09 · 7 answers · asked by wally g 1 in United States

In 2005, when I was in grad school, I had a one-time gig where I worked from home. The income for this was $1200, but I deducted $880 for home office expenses (printer, cell phone). I had to file an amendment to report this $1200 in income.

I also deducted $2000 in poker losses and $600 for a mountain bike (I guess Turbotax had a hobby section).
My total taxable income that year was around $55,000 as I had a full time job starting May of that year (total income the year before was around $33,000).

What are the chances for an IRS audit?

2007-03-26 12:08:04 · 5 answers · asked by bellas 1 in United States

When taking deductions on my W-2 such as one for myself and one for each of my dependents, head of household, etc... How many could I reasonably take, being single with no dependents, that would be offset by my end of year mortgage interest deduction?

I want to maximize my take home pay without ending up owing the government money at the end of the year.

Suggestions?

2007-03-26 11:55:33 · 2 answers · asked by elricsfate 2 in United States

I filed an amendment for my tax return and would like to check the statis of that amendment. How do I check?

2007-03-26 11:54:16 · 3 answers · asked by THEOLA B 1 in United States

Hello there,
I am thinking to open a litlle internet business in UK, but I would like to know if i need (and when) to pay VAT and income tax.

2007-03-26 11:52:44 · 2 answers · asked by Miriam 1 in United Kingdom

2007-03-26 11:23:13 · 3 answers · asked by ADubya 2 in United States

My father recently moved in with us and he did not get a 1099 for his pension from B F Goodrich. I have tried to search for the website and cannot find it. There does not appear to be a link from the BF site for the pensions.
When I call them they say that they need to talk to him. He is 82 and cannot hear or really understand what they are saying. He does have a user ID and password, but we cannot remember the website.
Is there anything that we can do about getting the 1099? We cannot do his taxes without it.

2007-03-26 11:18:50 · 4 answers · asked by Victor L 3 in United States

How do I file state taxes for all 3 states. I lived in Michigan until April and then moved to Kentucky and then Indiana at the end of the year. What should I do about filing for all three states?

2007-03-26 11:14:17 · 3 answers · asked by B-razzle 2 in United States

I swear I heard somewhere that I could.

2007-03-26 11:10:12 · 5 answers · asked by bindog 1 in United States

I am doing my own taxes this year. Last year, I had them done by an accountant. For 2005, on Schedule A, Line 7, he entered the amount of $349.00. I've gone over every form I gave him last year and cannot find where he got this figure from. I've read the IRS explanation numerous times and find it most confusing. Can anyone explain what this is and where he could have pulled this dollar figure from?

2007-03-26 10:48:03 · 5 answers · asked by Howard C 2 in United States

When we filed our tax returns for 2005 we found out someone else was useing my husbands ss# and sence than we still have not received those tax returns and a tax advucate is working on it so she says and when we filed this yr for 2006 returns we sent them to her cause she said she could get them donr and sent to us but geuss what we are going through the same thing again this year that we did last year, we still have not received either tax return. All they keep tekking us is that oh its going to be 10 days than 30, than 90 they just keep puting us off is what it feel likes,and we dont owe anything. I mean how much proof do they need we sent in all the info last year proving it was him. Please any advice would be great.
Thank You

2007-03-26 10:35:54 · 4 answers · asked by Anonymous in United States

i filed my taxes 7 weeks ago and i still havnt recieved my tax return check. my mom and sister filed and sent theirs 2 weeks after me and they got their returns a week ago. how can i find where can i find out the status of my check? i live in texas

2007-03-26 10:18:47 · 9 answers · asked by D-TOWN 2 in United States

i filed my taxes 7 weeks ago and i still havnt recieved my tax return check. my mom and sister filed and sent theirs 2 weeks after me and they got their returns a week ago. how can i find where can i find out the status of my check? i live in texas

2007-03-26 10:14:44 · 1 answers · asked by D-TOWN 2 in United States

My accountant says I can but another accountant says I can't deduct for that kind of service. I am donating my space and utilities so it seems I could put a dollar value on that as a donation to the theatre.

2007-03-26 10:12:21 · 2 answers · asked by mesdot2 2 in United States

My church is starting a food bank, to give out food to the needy, we recently applied for our 501C3 and are waiting to hear back. The church and food bank are located in Rand WV. We need our state tax exempt number to purchase items to keep the food and so forth. Any help would be very appreciated. God Bless.

2007-03-26 10:04:11 · 2 answers · asked by terryamyc 1 in United States

did not recieve mortgage statement form 1098 from greentree finance needed for taxes

2007-03-26 09:52:36 · 9 answers · asked by tsawasi333 1 in United States

I recently paid off my 2005 taxes which included a penalty of late filing of close to $1500. I disputed the late filing fee and I may stand to recover that amount. Will the IRS send me the payment automatically? Can I claim the overpayment in my 2006 return, if so, where?

2007-03-26 09:41:15 · 5 answers · asked by romasuave1 2 in United States

Does he have to file a tax return? what form should he use. he lives with us.

2007-03-26 09:35:52 · 5 answers · asked by gracegptx 2 in United States

Does he have to file a tax return? what form should he use. he lives with us.

2007-03-26 09:33:52 · 3 answers · asked by gracegptx 2 in United States

2007-03-26 09:20:57 · 1 answers · asked by Dragon 1 in United States

but he doesn't bother filing because he says he won't get a refund anyway, so now what happens?

2007-03-26 09:19:48 · 5 answers · asked by Anonymous in Other - Taxes

I just want to see how much I'm getting back, I don't want it to be a final tranaction

2007-03-26 09:14:51 · 3 answers · asked by pilgrim_sissy1 2 in United States

2007-03-26 09:09:16 · 6 answers · asked by rachelloveschess 2 in United States

The owner, address, phone number any and all information about a specific piece of property

2007-03-26 08:55:17 · 4 answers · asked by Anonymous in United States