Taxes - March 2007

Instructions for 1040A states that :
You can use Form 1040A if all six of the following apply: Condition No.2 doesn't apply for me.
Condition 2:
The only adjustments to income you can claim are:
a. Penalty on early withdrawal of savings.
b. IRA deduction.
c. Student loan interest deduction.
d. Jury duty pay you gave your employer.
I am not claiming any adjustment to my income.
I want to use Form 1040A for claiming Child Tax Credit.
Can I use Form 1040A?

2007-03-25 01:53:33 · 3 answers · asked by alertpersons 1 in United States

What are the tax consequences for income overseas? I will not be filing in China but want to know about the U.S. I know that up to $84,000 dollars in foreign income can be tax free if you stay over one year but I will only be here 6 months. Any help would be appreciated.

2007-03-25 01:29:19 · 5 answers · asked by China 1 in United States

Delinquent Property taxes?
I heard that there was a way that you can actually pay another person unpaid property taxes and own their home....and once you pay the taxes thats it...no morgage....is this true? has anyone ever tried this?

2007-03-25 01:26:14 · 7 answers · asked by Anonymous in Other - Taxes

I heard that there was a way that you can actually pay another person unpaid property taxes and own their home....and once you pay the taxes thats it...no morgage....is this true? has anyone ever tried this?

2007-03-25 01:22:49 · 2 answers · asked by Anonymous in United States

What are the the pros and cons of taxing internet purchases? Should internet purchases be taxed?

2007-03-25 01:05:45 · 3 answers · asked by QDPie 2 in United States

now paying premium myself

2007-03-25 00:44:21 · 3 answers · asked by Susan b 1 in Other - Taxes

My sons father owes close to $8,000.00 in back support and even though he has 1099"s from jobs worked off and on he refuses to file . I haven't recieved any payment in 90 days now atleast and I can't seem to get help with both states{ where he lives and my current state of residency } or with Supportkids...He is flagged for IRS interception but why isn't anything being done to make him file return? Also they can't get in contact with him and have no current address acording to his grandmother at last known....he was on some sort of probation for other criminal activity and probation should have accurate address right? Why can't CSE call law enforcement OR state DOC? What do I do? Is there anyone who can/will help? My sons father lives in Colorado if this helps any. Thank You.

2007-03-24 22:57:33 · 4 answers · asked by rsnothelping9 1 in United States

2007-03-24 21:35:21 · 2 answers · asked by Dave 2 in Other - Taxes

I really want to look into getting my tax license, but I don't know how to even start. Where do you go? How do you get started? Are there certain classes you have to take?

2007-03-24 20:42:57 · 5 answers · asked by ? 2 in United States

2007-03-24 20:37:12 · 3 answers · asked by ibbey01 1 in United States

Question is below:
I work in AZ state, do I need to pay CA tax if I want to file Tax with my wife who is in CA?

2007-03-24 20:20:29 · 3 answers · asked by qz 1 in United States

2007-03-24 20:13:47 · 3 answers · asked by Sharell S 1 in United States

2007-03-24 19:26:53 · 2 answers · asked by save_antartica2 1 in United States

My grandmother has "struck oil" in Texas, so she gives each of her children "a cut", and they in turn are giving each of their children "a cut". If my grandma pays taxes on the money, and then my dad pays taxes on what he receives (though he really only keeps 25% of it), and then we the children pay taxes, isn't that tripple taxation? What do we do?

2007-03-24 19:14:21 · 6 answers · asked by Anonymous in Other - Taxes

The reasoning would be the dividends would be taxed at 15%, while it would also count towards the mandatory withdrawls from an IRA account. The whole point would be to avoid having the dividends be paid into the IRA account and then be taxed at a higher rate if it is withdrawn later as part of the mandatory withdrawls.

2007-03-24 19:12:28 · 3 answers · asked by Jentleman 2 in United States

(I'm getting sick and tired of the California state tax as well as those heavy sales tax...)

2007-03-24 18:47:41 · 7 answers · asked by : ) 6 in Other - Taxes

If i select direct deposit on my income tax return, will the state and federal refund be deposited together at one time, together? Or at seperate times?

2007-03-24 18:40:05 · 5 answers · asked by Alex G 2 in United States

I have just started my own business and have received notification that I have a Federal Tax Lien filed against me for my person taxes. Is my business considered property or an asset that the IRS can attach to satisfy the lien? My business is an LLC.

2007-03-24 18:39:43 · 2 answers · asked by Debbie A 1 in United States

I can't seem to find where I need to send my taxes papers for Pennsylvania. The lady who did my taxes couldn't find it either

2007-03-24 18:31:06 · 4 answers · asked by Anonymous in Other - Taxes

Can I use them as proof in case of an IRS audit instead of actual paper receipts?
Example of expenses might be medical expenses, gas charges, rent payments, phone bills, purchases, etc....etc.

2007-03-24 18:21:08 · 3 answers · asked by Daos 1 in United States

I could have sworn that I did a few years ago, but I can't find it anywhere on the tax forms this year?

2007-03-24 18:10:05 · 2 answers · asked by Anonymous in United States

Errors and Ommissions Insurance is required by the broker. Is this a valid business expense?

2007-03-24 18:07:54 · 2 answers · asked by BigRez 6 in United States

As of last year, a student could deduct up to $4000 from their total income on line 34 of the Adjusted Gross Income section of the 1040, but I don't see that possibility this year. Line 34 is something different and I don't spot the "tuition and fees deduction" hidden anywhere else. What makes it confusing is that I still received a "Form 1098-T" from my university that lists the amount I spent on tuition this past year. Did they remove that deduction possibility, or am I just being unobservant? Thanks.

2007-03-24 17:49:54 · 3 answers · asked by xander_earl 2 in United States

I sold some stocks this past year and received a "Form 1099-B". I understand that I am supposed to fill out a Schedule D using this information, but I don't understand what I list in columns (d) and (e) in order to determine column (f)--the Gain or Loss. In column (d) do I list the total proceeds I received from the stock sale (as is listed in 'box 2" on my 1099-B)? And I have no idea what to put in column (e)--the "Cost or other Basis". Thanks for any information you can pass along.

2007-03-24 17:42:12 · 5 answers · asked by xander_earl 2 in United States

2007-03-24 17:39:57 · 3 answers · asked by CHRIST Q 1 in United States

For this year's credit on the Federal Excise Tax, I'm still unclear on the following types of calling, which are basically all prepaid:

1. A prepaid/pay-as-you-go cell phone plan? This is the most unclear. The service includes long-distance, of course.
2. A prepaid long distance calling card? I read someplace that the retailer paid the Federal Excise Tax, so the consumer is not entitled to a credit.
3. Skype-out calls? I really doubt it, but does anyone know for certain?

2007-03-24 17:34:10 · 3 answers · asked by mrjondoh 2 in United States

As an artist, I'm often asked to donate a one of my paintings for fund raising events to non-profit organizations. My tax preparer said I can only claim the actual cost of materials as a tax deduction, and the labor or fair maket value is irrelvant. Is this true?

2007-03-24 17:04:46 · 5 answers · asked by Carol W 1 in United States

For example, for my medical travelling necessities I do not have all my gas receipts but I can determine from my online bank statements which of the items are my gas purchases.

Any good online resources for total tax dummies (idiots) that tells you what documents are acceptable and what documents are not would be greatly appreciated.

PLEASE ONLY RESPOND IF YOU ARE KNOWLEDGEABLE ABOUT THIS SUBJECT. Thank YOU!

2007-03-24 16:54:44 · 3 answers · asked by Daos 1 in United States

i've been a stay at home mom for the entire year of 2006 while my fiance supports me and our child. Can he claim me and our daughter as dependents on his tax return?

2007-03-24 16:50:15 · 6 answers · asked by Bride2Be 8/30/08 5 in United States

i'm not a tax expert, but is there a specific time when tax filings are due in the state of Florida? and if you qualify for some sort of personal income tax return, when are those checks mailed out?

2007-03-24 16:43:56 · 7 answers · asked by Anonymous in United States