Taxes - March 2007

I've started my taxes and can seem to find where I can put my cost for home improvement.

2007-03-23 20:12:07 · 7 answers · asked by meggdragon 1 in United States

I'm 16 and made about $1,000 last year.

2007-03-23 19:57:53 · 6 answers · asked by Tax question 1 in United States

She does not make enough to pay taxes, after we are married her income will become taxed. married filing seperate gives no real relief, but if we are only married before god and not to the state we would be able to both file as head of household, this would give us a huge tax benefit of $6500. Together we have two kids in college and one in high school, we cannot afford to be legally married.

2007-03-23 19:30:42 · 13 answers · asked by Anonymous in United States

2007-03-23 18:53:48 · 5 answers · asked by xander_earl 2 in United States

2007-03-23 18:14:27 · 4 answers · asked by azman_anna 1 in United Kingdom

I worked for a guy that told me I was going to be pd. under the table. At the end of the year he hit me with a 1099. I owe the IRS over $6,000!!! I am a young single parent and I workmy butt off to make ends meet and now I am in total debt. This will take me years to pay. I already live pay check to pay check. What can I do? I am already on a payment plan but is there any way they can lower the amount I owe?

2007-03-23 18:02:14 · 9 answers · asked by saiahg22 2 in United States

2007-03-23 18:00:14 · 2 answers · asked by wondering 1 in United States

Currently, I am paid by the hour, lets say $10/hour. If I work 80 hours, the total is $800, before tax and deduction, which includes federal tax, Medicare, social sec tax (No state tax in Florida).
For example: 800 – 80 (fed) – 8 (med) – 48 (social) = take home of $664

Now, lets say I was offer $10/hour as a 1099. How would the numbers work out?

Would my take home be $800 and pay the same amount ($136) of tax at the end of year? Is this correct? Did I miss any thing?

2007-03-23 17:25:43 · 7 answers · asked by cli168 3 in United States

i wanted to know if i could use taxes i paid last year w2's which total 5000 on the state to reduce my federal that i owe about 3000> is this possible....neeed advice

2007-03-23 16:48:07 · 7 answers · asked by missg 2 in United States

I spent three months working out of town last year. I am hoping to claim living expenses as deductions. Do I have to show all receipts to the IRS, or is there a standardized minimum that I can use to simplify the process?

2007-03-23 16:26:17 · 3 answers · asked by villamor70 1 in United States

2007-03-23 16:26:02 · 2 answers · asked by Kamal Agrawal 1 in India

I was expecting it today. it had been accepted by irs, now says being reveiwed why? what could it mean?

2007-03-23 16:10:00 · 3 answers · asked by lectric lady 2 in United States

ok...heres the deal...my mom filed me as a dependent on her 2006 tax return. i only lived with her from jan 1 to may 6 of 2006, i paid her rent, and paid her for gas. i also moved out of the state on 7 may and got married on 30 june. i sent a letter in to the IRS refuting her claim...does anyone know what kind of chance i have that the IRS will rule in my favor and let my husband claim me instead of her since i was his dependent longer than hers?

serious answers only please.

2007-03-23 15:48:55 · 13 answers · asked by Anonymous in United States

2007-03-23 15:12:29 · 7 answers · asked by pamtann 1 in Other - Taxes

2007-03-23 14:42:05 · 3 answers · asked by pamtann 1 in United States

I have some W2 income from NC. I also have some W2 income from NY and 1099 (misc) from NY.

2007-03-23 14:37:26 · 2 answers · asked by Te 1 in United States

2007-03-23 14:27:43 · 4 answers · asked by blackravynn1369 1 in United States

a. proportional.
b. lump-sum.
c. regressive.
d. efficient.
e. progressive

Cant it be A, C, OR E

2007-03-23 14:22:25 · 2 answers · asked by investing1987 3 in Other - Taxes

I am completing my 2006 tax return online if I provide a redemption code, it will save me money. I would appreciate anyone that can share this information with me.

2007-03-23 14:03:48 · 4 answers · asked by suzannekane2001 1 in Other - Taxes

I will be receiving my bonus next week and I'd like to figure out how much I'll ACTUALLY receive.

2007-03-23 13:47:13 · 7 answers · asked by funshinebear63 1 in United States

2007-03-23 13:13:23 · 5 answers · asked by edwardrsngr92 2 in United States

I went to my tax guy this year and he never asked about my property tax. I am owing this year. Is there any *other* way that property tax can be deducted. He never asked me for how much I paid so I don't see how it could have been deducted.

2007-03-23 11:56:05 · 10 answers · asked by kgirl 2 in United States

I rented a home, lived by myself, and claimed independent. What can I do? I made more last year than I have any other year I've worked. And yet, it looks like I'll only be getting a little over half compared to last year's return. I

2007-03-23 11:54:36 · 5 answers · asked by David 1 in United States

We cashed out some stock options in 2004 and just found out in January that there was a problem. Apparently the financial company that managed the stock options is supposed to report the full price (not the smaller amount we received) to the IRS. We had a portion kept out from the amount given to us. We thought this covered the taxes. We didn't know about any additional forms - didn't receive any 1099 or anything. Now we're trying to figure out what we need to do. The IRS just said that we need to pay the full amount they're saying and then 10 - 12 weeks later they will go over the amended return and give us money back. They're saying we owe almost $30k and we believe it to be closer to $12k. A tax guy told us to do an amended return and another form (Sched D maybe?) and send it in to them. In the meantime, I don't want them to levy or garnish wages! I feel like we've gotten so much conflicting information - my head is spinning!!

Any ideas? Suggestions? Past experience?

HELP!!

2007-03-23 11:37:36 · 8 answers · asked by Suzanne 3 in United States

I rented a house all of last year and never had a roommate. Does HoH apply? I surely would like it to, as it more than doubled my refund when I checked it

2007-03-23 11:37:35 · 5 answers · asked by David 1 in United States

2007-03-23 10:59:09 · 3 answers · asked by aj_marshall333 1 in Other - Taxes

On my last paychack, Federal tax was 0 but my state tax was the same as before I changed my W2 to married 9. I live in WI. Is this right?

2007-03-23 10:48:55 · 5 answers · asked by Franky 1 in United States

(hint) not a dollar!!

2007-03-23 10:24:49 · 3 answers · asked by allansmom2003 1 in United States

I have a small home business that I had a loss on this year. It is my first year having a business and was wondering if i could just file a 1040 ez since I had a loss.

2007-03-23 10:15:14 · 3 answers · asked by Anonymous in United States

Is it better to file jointly or singlely? which way do you get more back?

2007-03-23 10:13:42 · 5 answers · asked by Anonymous in United States