Taxes - March 2007

i hve been told by few ppl that income in US Dollors is non-taxable in India upto certain limit? any one having any idea pls reply.

2007-03-26 03:31:35 · 5 answers · asked by Aquagal 4 in India

2007-03-26 03:18:45 · 5 answers · asked by jim j 1 in United States

my ex boyfriend got a letter from the IRS stating that they are reviewing him and he has to pass 9 tests so that they can give him the money that has been withheld. He has a child with a married woman and decided to claim her. The problem is that he doesn't appear on the birth certificate or anything as the father. He hasn't even given the mother any money to help out. To make things worse the husband doesn;t know. Out of all the test's he has to pass he only can pass one. Will the IRS penalize him for putting a wrong statement. will his taxes be reviewed again... Does anyone have any suggestions to what he can do?????

2007-03-26 03:16:23 · 5 answers · asked by Anonymous in United States

2007-03-26 03:04:19 · 8 answers · asked by Mahesh S 1 in India

My husband filed for a tax id number last year and got one. However, he never did anything with it and someone told him he needed to file a tax return and write "no activity" on the form. We think we are to file a 1099 form, but according to http://www.irs.gov/businesses/small/article/0,,id=129520,00.html we are confused as to what we are to do. Help!

2007-03-26 02:22:04 · 3 answers · asked by Mrs W 2 in United States

2007-03-26 02:15:08 · 2 answers · asked by Anonymous in Canada

I am out of the country and I may have to do my taxes when I come back or wait until next year to do them I know there are penalties. The most embarassing thing is that I don't have my W'2's. Does anyone know if you can request them from the state instead of your employer. They will give me a real bad attitude.

Thanks

2007-03-26 01:59:56 · 3 answers · asked by Anonymous in United States

Trying to check status of amended refund, but i need to speak with a live person, not the automated system. have tried pressing * and # and 0 but get nothing. anyone know how to get through to a live person

2007-03-26 01:53:18 · 3 answers · asked by Jennifer G 1 in United States

We are a Women's group in our church that wants to open a bank account to keep funds separate from the church's accounts. We would like to apply for our own tax exempt number (which the bank is requiring). I am not sure where to start. As it stands now we have to go to the board to get approval to cut a check. An example where this is inconvenient is when we make blankets for the veterens or the senior citizen home we shop a several places to get the best price on fabric. It wastes money to have to wait for several checks.

2007-03-26 01:52:18 · 3 answers · asked by CJ 1 in United States

Hi, I got married last year and am not sure to claim 1 or 2 allowances on the w-4, my wife works as well. I am tempted to claim 2 so I can have less taxes withheld from my paycheck but then I heard talk of a penalty when you have not enough taxes withheld from your paycheck. Is that true? Would I be at risk if I decide to increase my allowance to 2? Was hoping to get more from my paycheck for interest purposes and then just pay what I owe each year during tax filing. Thanks!

2007-03-26 01:50:38 · 3 answers · asked by Dan 1 in United States

I e-filed and received taxes back. Then i filed an amended return because i forgot to add a W2. When i am checking the status of the return and they ask for the refund amount, are they asking just the expected amended amount, or total from original as well.

2007-03-26 01:45:35 · 2 answers · asked by Jennifer G 1 in United States

I used an online service to file my Federal and two state tax returns (I moved halfway through the year). I know on the federal, you have to claim your state return, but I thought that on the state, you were supposed to claim any federal return you got last year, but it never asked me for it. Should I be worried?

2007-03-26 01:38:13 · 4 answers · asked by Anonymous in United States

Oct 1st, april 1st or jan 1st, or when?

2007-03-26 01:29:06 · 1 answers · asked by Scott B 4 in United States

We are behind a few months on council tax - we don't qualify for any discounts even though my wife is on Incapacity Benefit and I have a low-income part time job and we have two children under the age of 3.
We make payments when we can, and as much as we can, but they don't give a crap.

Some debt collection company has sent us a letter saying they will come round and take things even in our absence. Is this legal?

2007-03-26 00:27:05 · 15 answers · asked by Bapboy 4 in United Kingdom

The main tax return form has place only for the total figures of capital gains and income from other sources.
Is there a format to report details of income like capital gains and bank interest etc ?
For example my capital gains could span a large number of transactions and my income from other sources could include interest from different banks.
What level of detail is required ?

2007-03-25 23:50:52 · 1 answers · asked by jambam_8070 2 in India

I am getting Husbands pension plus £550 net from job,paying £96 a month tax.i have been told if I work less hours I would be paying less tax.Can anyone clarify? Am I woking to pay the tax man?Could I be working less hours and breaking even?

2007-03-25 23:04:59 · 3 answers · asked by siouxsie72000 1 in United Kingdom

I came from India to US on Dec 15th 2006.This is my first time visit to US.(My adjusted cross income is $3779.)
Line - ln
In the 540 NR short Line 12,13 and 17 is $3779.
Ln 18 standard deduction is -- $3410
Ln 19 - $369 (total taxable income)
Ln 20 - $4 (TAX)
Ln 21 - 3779
Ln 22a - 1 (Ln 21/Ln 17) or 3779/3779
Ln 22b - 3410
Ln 22c - 369 ( Ln 21 - Ln 22b)
difficult part
Ln 23 CA Tax rate --- 4/369 = 0.0108 (Is it correct)
Ln 24 - $4
Ln 25 - 369/369 = 1 (ln 22c/ln 19)
Ln 26 - 91*1 -- $91 (single)
Ln 27 - (4-91) = 0
Ln 43 and 54 (150$ CA tax withheld)
In fedearl,I need to file 1040NR-EZ (Last finianical year i stayed only 15 days in US)
1040NR-EZ line no 11 (Itemized deductions) is My state tax with held ,Is it correct ($150)
Ln 10 -Adjusted income -- 3779
Ln 11 - Item ded -- 150
12 (10 -11) 3629
13 Ex ded 3300
14 Tax income 329
15 tax - $34(table)
refund -federal withheld(500) - tax(34) =$ 466.Please correct,If anything wrong in the above.appreciate

2007-03-25 22:28:35 · 2 answers · asked by Mani 1 in United States

i moved to America in 2005 i was here for only 131 days that year. i didnt know i was eligible to file taxes. Now i know, i'm filing this years' taxes. Can i file taxes for the 2005 year? Can i get a refund for that year?Should i file both returns at the same time?

2007-03-25 21:16:50 · 4 answers · asked by bookworm 2 in United States

After i fill out the appropriate form, attach the necessary document..sign it and yadda yadda, what do i do with it? Where do i send it?

2007-03-25 21:12:46 · 6 answers · asked by bookworm 2 in United States

2007-03-25 20:49:17 · 2 answers · asked by gordo r 1 in United States

2007-03-25 20:33:21 · 2 answers · asked by Rmprrmbouncer 5 in United States

2007-03-25 20:15:13 · 2 answers · asked by gordo r 1 in United States

i'm filling my taxes and the instructions say my amount overpaid maybe used to pay previous debts? What are these? What agencies' debts apply e.g can a debt i owe for a phone bill or library overdue bill be taken out of this amount?

2007-03-25 19:46:23 · 3 answers · asked by bookworm 2 in United States

2007-03-25 19:11:39 · 2 answers · asked by dtbell76 1 in United States

I'm pretty sure the answer to this must be yes, but I just want to be sure.

2007-03-25 19:04:03 · 3 answers · asked by Marcus 1 in United States

2007-03-25 18:37:08 · 5 answers · asked by jsaba 1 in United States

My wife worked for most of the year trying to start her own business. She was paid mostly in cash, but kept records of everything. After we totaled everything up, her start-up expenses were more than her income so she actually never "made" any money, ie. profitable income. Does she have to report all this or what should she do?

2007-03-25 18:17:58 · 6 answers · asked by Max 2 in United States

I'm getting ready to do my taxes and somebody told me that I can somehow deduct money from my taxes for my dogs?? I've never heard of that. Can anybody help me with that?? thanks...

2007-03-25 17:50:24 · 16 answers · asked by Anonymous in United States

I dont have to pay federal but i think i do have to pay MA state still, because my bank acct is in MA.

2007-03-25 17:32:26 · 3 answers · asked by Anonymous in United States

One of my friend is on F-1 visa & her employer witheld Social Security & Medicare tax in error. She already left that job. I have a question, while claiming for the refund from IRS, she need to attach a letter from her ex-employer stating refusal of refunding taxes. What should be the reason for refusal by employer? Is there any particular formate for the letter? Does the letter have to be on Company's letter head?

2007-03-25 17:29:50 · 2 answers · asked by vandana r 1 in United States