Taxes - March 2007

I live in SC. A company based in NC paid me on a contract basis to do some computer programming. I did the work at home. They sent me a 1099-MISC for what they paid. Do I report this to SC or NC?

2007-03-25 17:21:17 · 3 answers · asked by dbm77 5 in Other - Taxes

Hi, I started a SMLLC - Single member Limited Liability Comany and paid an employee salaries. I know I need to withold a portion of it as payroll taxes. How can I figure out how much to withold? If you know a link where I can visit, that would be great too! I have tried to do reserch on my own but cannot figure it out!! Many thanks in advance!

2007-03-25 17:19:24 · 5 answers · asked by mark_ma_2005 1 in United States

2007-03-25 17:16:54 · 6 answers · asked by Anonymous in India

I have money at the bank on CD, my income for last year is $900. What happens if I don't claim it?

2007-03-25 16:57:17 · 4 answers · asked by Lula 1 in United States

2007-03-25 16:54:31 · 2 answers · asked by lipread51 1 in Other - Taxes

I was in a European country for 3 months doing freelance work for a company located in the United States. I know I have to file federal tax, but what about state tax? I didn't really live in any state when I earned that income.

2007-03-25 16:51:36 · 2 answers · asked by grandmasterflash 2 in Other - Taxes

2007-03-25 16:47:59 · 4 answers · asked by Banka 1 in United States

2007-03-25 16:46:08 · 3 answers · asked by lipread51 1 in Other - Taxes

I'm helping my father with his taxes. He sold a rental house last year that he bought in 1963. He doesn't remember what he paid for it. We can't find the original purchase papers but we did find a county tax appraisal made only a few weeks after the purchase. Would the IRS accept that figure as a cost basis?

2007-03-25 16:26:27 · 3 answers · asked by dbm77 5 in Other - Taxes

I have an obscene amount of capital loss carried over over the years, which will probably take my whole life time to offset with any future capital gains, and yet every year I still pay taxes on my interest incomes. Is there anything I can do better?

2007-03-25 15:56:24 · 4 answers · asked by fifty2weekhi 2 in United States

Do I pay state taxes on the forms received from states that have state tax?

2007-03-25 15:46:09 · 3 answers · asked by janbo45 1 in Other - Taxes

2007-03-25 15:45:49 · 3 answers · asked by Copper Sky Coffee 1 in United States

I recently got married to a Spanish women. We have all but a few documents gather ready to file for an adjusted statues so she can get her green card and SSN. The problem I am having is how to file my taxes? She is not eligible for a ITIN # and there is no way to get a SSN # before the tax deadline? Should I try filing "married filing separate" and then do an amendment or should I file for an extension in hopes that I can have here SSN # in time?

2007-03-25 15:27:56 · 5 answers · asked by Anonymous in United States

I have a kinda complicated situation:

I applied for and accepted a summer internship in Washington, DC. However, when I got there I learned my office was at an annex building in Virginia, so I worked mostly in VA, but I often had to work at the main office in DC. I lived in DC. Also, I was paid out of the office in charge of the intern program, which is in DC. My money, however, came from the organization's financial center, which is in South Carolina.

I paid some "state" income taxes, and am probably entitled to get the money back, but how do I find out who took the taxes and who I file with?

2007-03-25 15:10:52 · 4 answers · asked by Anonymous in United States

My dad recieves a 1099 (he is a contractor), and is unsure if he has to file a 1040, and I have to know because I have to do an appliaction for financial aid (about to go to college), and it asks all kinds of questions about the 1040 form that my dad doesn't think he has to do.

2007-03-25 14:34:10 · 6 answers · asked by Kyle C 1 in United States

My son works part time in a grocery store. I filled out a 1040ez form but it only asks for federal information. What form would we use to file his state tax? Sounds silly to ask this but I normally don't do taxes.

2007-03-25 14:21:47 · 5 answers · asked by sweet 5 in United States

We already filed and got refund back. Now employer calls and wants SS# to send 1099. Supposed to be mailed by 1/31. Can he legally do that? Here it is going on April.

2007-03-25 13:53:45 · 6 answers · asked by Anonymous in United States

I need a copy of last yrs return have moved & can't find mine Is there some way to get a copy of return filed

2007-03-25 13:33:36 · 6 answers · asked by joanne k 1 in United States

I didnt have a clue how much anything was, Is this the same in all the states, does this annoy americans or does nobody care cos everything is so cheap anyway.

2007-03-25 13:23:53 · 7 answers · asked by Anonymous in United States

2007-03-25 13:02:31 · 4 answers · asked by MM 5 in United States

Can anyone give me some advice, or share their experience with research grants and taxes? I received a grant for about $20,000 to conduct archaeological excavations outside the US. Other grants I have received in the past have been managed by my university but this grant was awarded to me as an individual. I received a 1099-MISC from the granting institution with the grant amount listed in box 7 as self-employment income. I have receipts for everything I spent the grant on (all of it was related to archaeology project, and includes living expenses while abroad, lab analyses, fieldwork expenses, etc.).

I am having trouble understanding how to deduct these research expenses, because I do not run my own "business" (which is what Schedule C is for?).

Should I report the grant as "other income, line 21" and report the research expenses in "job expenses" on Schedule A?

Thanks!

2007-03-25 12:59:08 · 2 answers · asked by Jenny 1 in United States

I was ordered by family court to put $35K into a trust fund for my son in 2006. I had to take it from my tax deferred annuity. The money is for secondary education, but if not used for this, still passes to him with trustee approval for its reasonable use. I am on SSDI. Because of this one time court ordered funding, not only the 35K is being taxed, but so is my 2006 SSDI. I used Turbo Tax and owe a lot of taxes(Fed+State). Is there any way this tax due can be spread over years, such as income averaging? Does averaging even still exist in tax law?

2007-03-25 12:57:42 · 4 answers · asked by EDWARD M 1 in United States

How do you think our tax money could better be controled/spent? If you would like to explain why you say yes or no I would appreciate it! If anyone knows where one could go to to see exactly what our percent/tax money we pay the govt is going to please share!

2007-03-25 12:46:15 · 3 answers · asked by Anonymous in United States

2007-03-25 11:39:26 · 7 answers · asked by Anonymous in United States

They say they will issue and examination report that will show "additional tax due". I don't have a lot of receipts with me so I will probably end up paying anyway. I already re-scheduled and the lady I spoke with seemed very irritated.

I will try to call again tomorrow to reschedule, but if she has no more openings that comply with my work schedule I won't be able to go. Has anyone had any experiences with this? Serious answers only please. Thanks.

2007-03-25 11:38:20 · 4 answers · asked by Qrious 2 in United States

2007-03-25 11:37:30 · 5 answers · asked by Anonymous in United States

My wife makes 16,000.00 a yr and H&R told her to claim 4 on her paycheck , I will be making over 38,000.00 a year that is why I asked...Thanks for the answers so far...

2007-03-25 11:10:50 · 4 answers · asked by broken hearted 2 in United States

2007-03-25 11:02:16 · 8 answers · asked by broken hearted 2 in United States

When I relocated early last year, I moved first and took a truckload of personal items and towed my car. Six weeks later, I went for the rest of my family and second car (also towed). Can I claim the qualifying expenses for BOTH legs of the trip? My family also travelled with me on the first trip. Can the plane tickets for their return trip be deducted? How about my plane ticket for returning home for the second trip? My spouse does not meet the time test, but we are filing jointly.

2007-03-25 11:00:17 · 4 answers · asked by Svenghali 1 in United States

I have a loan that allows me to make a payment that is less than the monthly interest owed. I have never taken this option, but if I did would the interest that is charged but added to the principal instead of actually paid still be deductible on my taxes?

2007-03-25 10:55:20 · 3 answers · asked by David G 2 in United States