Taxes - March 2007

2007-03-24 09:56:07 · 10 answers · asked by roolson73 2 in United States

I heard I can only go back 3 years. The taxes taken out are very small and I know I won't owe the irs, so is it worth it to even file the older W2's?

2007-03-24 09:52:24 · 5 answers · asked by Tammy S 1 in United States

2007-03-24 09:50:07 · 7 answers · asked by dizzle014 1 in United States

I did a small one-time consulting gig last year and received a 1099-MISC Box 7 Non-Empl Comp for $2K. When I did my taxes via TaxCut, it treated this as Misc Income (line 21 Form 1040) as this was a one-time event. TurboTax does not ask this question and created a Sch C with SS and Self_Employ taxes applied.

In perusing the IRS website, it seems to refer to the non-recurring nature being treated as Other Income, but it's not very clear.

I may contact the IRS on this one, but thought I'd throw it out to the Yahoo Answers community for some feedback.

thanks!

2007-03-24 09:44:56 · 3 answers · asked by Uncl_Ed 1 in United States

If you have property in Texas and you quitclaimed it to someone else a year ago and they never filed the paperwork and you are still paying the property taxes, what would be the conseqences to selling it without the other person knowing

2007-03-24 09:27:22 · 4 answers · asked by mother of 3 2 in United States

how do we report net gain to irs on form 1040?
House inherit dec 2005 value at 62000 and sold
march 2006 for 75,000 to be split three ways.
received 1099S showing my share at 22,000.

2007-03-24 09:08:39 · 2 answers · asked by ismael-guzman@sbcglobal.net 1 in United States

2007-03-24 09:04:35 · 5 answers · asked by Destiny 2 in United States

2007-03-24 09:03:15 · 10 answers · asked by JOE D 1 in United States

2007-03-24 09:02:36 · 4 answers · asked by Luau 1 in United States

2007-03-24 08:59:13 · 2 answers · asked by mother of 3 2 in United States

I have a website in which I sell products all accross the country.
My understanding is that out-of-state sales are exempt from sales tax. Is this correct?

2007-03-24 08:52:24 · 3 answers · asked by ryleybry 1 in Other - Taxes

i dont know if im considered an employee or not i used all of my boss's supplies and equipment.

2007-03-24 08:51:22 · 6 answers · asked by bill s 1 in United States

Give money to enter a sports event? Buy pictures that PTA profits 10%? donate supplies for a fundraiser? Buy fundraiser items that they profit 10%?

2007-03-24 08:33:05 · 3 answers · asked by lax34mom 1 in United States

If someone filed joint with their partner which owed money, but they were supposed to get money back but didn't because they received a letter saying they needed copies of information, in which the partner could not provide because it had been damaged, and the money owed back after what the partner owed was never returned, what should one do? Would there be problems or penalties for money not returned to the taxpayer? And if the taxpayer files single the next year?

2007-03-24 08:22:28 · 4 answers · asked by crissy00 2 in United States

I relocated to another state and my company paid for it. However in my paystub my company put the amount of money for relocation as income hence I paid tax and in my W2 it's listed as Value Received. can I put this under deduction when filing for tax return?

2007-03-24 08:18:19 · 4 answers · asked by Young 3 in United States

If you pay in for a private pension at work, you of course pay tax on all.

But do you have to pay tax on it AGAIN when you finally retire and get to receive it???????

2007-03-24 08:17:46 · 10 answers · asked by SUPER-GLITCH 6 in United Kingdom

do i just take out for federal taxes are do i have to take out for social security and medicare also

2007-03-24 08:13:00 · 3 answers · asked by sherrie g 2 in United States

2007-03-24 07:50:49 · 10 answers · asked by HITCH 2 in United States

2007-03-24 07:49:35 · 3 answers · asked by bayou22222 2 in United States

2007-03-24 07:46:14 · 3 answers · asked by Anonymous in United States

I know that business expenses such as advertising can be written off of taxes. What I need to know is what percentage of the expense can be written off? If it is more complex than a approximate percentage, an explanation would be great.

Thanks in advance.

2007-03-24 07:44:20 · 2 answers · asked by CJT 3 in United States

Does anyone know how i can find out when i get my money

2007-03-24 07:32:38 · 6 answers · asked by HITCH 2 in United States

Please provide the process?

2007-03-24 07:30:18 · 4 answers · asked by dep 1 in United States

For my sister to qualify as a "qualifiying relative", I meet 3 tests for sure:

1. She is not a qualifiying child
2. She makes less than $3,300 a year
3. I paid for all her expenses

However, there is a gray area in the relationship test.
1. She does not live with me, since she lives on campus at the university, and during the summer break she goes to Mexico to my parent's house for vacation.
2. My parents do not have any U.S. income , they are not U.S. citizens, and they are not "tax payers".
3. Her permanent address is still my parent's address in Mexico.

I understand that the rule says that a person is considered to live with me as a member of my household, if she is away for education or vacation purposes.

Does she still meet this test since she never lives with me during the year, except for a couple of days during small breaks, such as thanksgiving and spring break, etc?

2007-03-24 06:40:55 · 4 answers · asked by Evenkeal 1 in United States

2007-03-24 06:40:22 · 3 answers · asked by Christine B 1 in United States

I want to make contributions to my IRA for 2006. I just opened up the IRA account with Fidelity a week ago. But I have already filed my 2006 tax returned and already got my refund.

2007-03-24 06:38:11 · 7 answers · asked by Anonymous in United States

2007-03-24 06:30:25 · 3 answers · asked by Ed 2 in United States

My fiance and I bought a house together in August. We were planning to each declare half of the mortgage interest and property tax but calculated that we would get a bigger tax refund if I declare all of it this year.

This is because while I already owned a home before buying this one, she didn't, and so in her case, four months worth of deductions for the interest and tax are barely more than the standard deduction.

My question is - would it be illegal for me to declare all the interest this year?

2007-03-24 05:56:01 · 5 answers · asked by Woody Y 1 in United States

Where do I go to file them without getting that EIC again?

2007-03-24 05:52:36 · 4 answers · asked by resajohn79 3 in United States

If you live in Kentucky, and buy furnitures from Value City, in Evansville,Ind. Do you pay Ind. taxes.

2007-03-24 05:40:29 · 3 answers · asked by ladybettie270 1 in Other - Taxes