Taxes - March 2007

It is a small part time job that she only works 4 hours a week at, honestly I forgot all about it and she never gave me the W-2. What steps should I take in resolving this problem?

2007-03-20 08:14:39 · 8 answers · asked by wes c 1 in United States

I have lived with the same person for over 10 years..... we are not married... but in the past few years I have been starting my own business and this year it has been really difficult..... not much profit. would it be in my best interest to claim myself or can/should I let the person that I live with claim me.

2007-03-20 08:01:56 · 3 answers · asked by Deb 3 in United States

can you claim your child on taxes? Can you take deductions for say school costs or anything?

My sister is on full SSI and so is my nephew due to disabilities. I told her i thought she could claim him because he lives with her therefore she can claim school expenses as a deduction. She doesnt think so- who knows for sure?

2007-03-20 07:49:59 · 4 answers · asked by glorymomof3 6 in United States

2007-03-20 07:39:32 · 8 answers · asked by Lauren D 1 in United States

I was a student for 5 months during 2006 in Kaplan Educational Center, Toronto. They gave me a receipt for income tax refund and it says that the amount of the tuition paid for the purposes of paragraph 118.5 of the Income Tax Act. My questions are:
1. Where to fill out this amount, because I couldn't see any paragraph like that in ufile?
2. I was enrolled for 5 months, so is that a full time course or a part time course?

2007-03-20 07:37:32 · 1 answers · asked by dokidok 2 in Other - Taxes

In Oct 06 I accepted a job in NJ. However I continued to live in PA for all of 2006 (01/06 - 12/06). Only PA state taxes were withheld from my paycheck. We moved to NJ in 02/07 and I will have to enter my new address on the 1040 and the PA state tax return? Is this OK? Do I also need to file a NJ partial year non-resident tax return?
Thank you for your response.

2007-03-20 07:26:45 · 4 answers · asked by vikramshah77 2 in United States

I have the opportunity to buy into the company I work for. The purchase price will be paid in seven annual payments out of my portion of the proceeds from the business, covered by a promissory note. The annual payment will be almost $150,000.00. Is there any way to avoid, defer, or offset the onerous income tax implications of such an arrangement?

2007-03-20 07:00:19 · 2 answers · asked by mainlandd 1 in United States

The tax return guidelines state that certain itemized deductions cannot exceed a specified percentage of the Adjusted Gross Income (i.e., 7.5% of medical expenses). Is the deductible amount "zero" if the AGI is negative?

2007-03-20 06:45:48 · 4 answers · asked by Anonymous in United States

I'm using Turbo Tax and I don't see that as an option. Do I need to file on a 1040ez instead?

Thanks!

2007-03-20 06:35:42 · 9 answers · asked by Cold Texan 2 in United States

To still collect the majority of my paycheck, but ensure I don't have to pay when taxes roll around?
I am single, no dependents, salary $40,000

2007-03-20 06:18:30 · 6 answers · asked by Amanda B 3 in United States

I received misc. non-taxable compensation on my 2006 return for an education reimbursement. I took the actual payment of the tuition (MBA Program, $12,000) as a deduction in 2005. Do I need to amend my 2005 return or can/should I simply declare the reimbursement as taxable on my 2006 return? If so, how/where do I do this on the 1040?

Thanks.

2007-03-20 06:16:36 · 1 answers · asked by jjoonthego 2 in United States

However, my boss states that she doesn't send out 1099 forms until the end of the year (sometime in December of this year). I hope to be gone by then, and working in a teaching job.

My reason for wanting to fill out this form is because she considers me as an indpendent contractor, when I am here 40 hours a week as a secretary in her real estate office.
I believe that is unjust and unfair.

Even though I don't plan to stay at this job beyond the summer, I plan to pay my self employment taxes at the end of the year, when I get my 1099 form from her. So, I won't be paying quarterly. I won't have to pay federal because my husband is not working and my salary is low enough (if I stay here) to cover us with the standard deduction and personal deductions.

So, all I have to pay is my self employment tax, it it is determined I am actually self employed.

My question is if I file this SS8 form, and it's determined I am self employed, will I have to stay paying taxes quarterly?

2007-03-20 06:12:11 · 2 answers · asked by Anonymous in United States

I filed via regular mail on Feb. 7 and have not got my refund yet. Did anyone who lives in ny get theirs yet, and if so, how long did it take?

2007-03-20 06:04:36 · 5 answers · asked by Jill S 5 in United States

I bought and sold these stocks in under 30 days

2007-03-20 05:58:28 · 5 answers · asked by jerryr2339 1 in Other - Taxes

I filed my state income taxes on the 19th. I also had them do a direct deposit to my checking acount. Approximately how long will it take for the funds to be transfered? I'm tryin to determine what day next week I should expect it to be in my account. If anyone has received their state tax return through direct depositing, please tell me how long it took to go thru.

2007-03-20 05:54:21 · 4 answers · asked by Johnny Afman 5 in United States

The charity acknowledges that I raised $10K. I have receipts to show I spent, for example, money to put on a dinner where participants paid $60 a plate. All of that money was donated to the charity. Is this incurred cost tax deductible? Thank you.

2007-03-20 05:48:39 · 9 answers · asked by @SanDiegoTim 2 in United States

I won a lot of money from myself by playing solitaire. Do I have to declare my winnings? I also lost a lot of money to myself, does that count as a deduction?

2007-03-20 05:39:55 · 3 answers · asked by Wee Bit Naughty 3 in United States

2007-03-20 05:33:10 · 3 answers · asked by Edwin T 1 in United States

Do they go ahead and file NOW?....they owe about $500 (and want to pay it!) from last year but failed to file an extension. Should something be done about 2005 before they file for 2006 tax year?

2007-03-20 05:26:28 · 5 answers · asked by ITSakunspiracy 2 in United States

2007-03-20 05:19:47 · 1 answers · asked by ralie123 1 in United States

my son has just come back from the states and bought a metal detector there for $300 around £160 yet in the Uk the same model sells for £500 and get this is made in the UK
So do we live in rip off britain?
and has anyone else bought stuff /items cheaper abroad than in the UK?

2007-03-20 05:15:40 · 11 answers · asked by Just for Laughs 4 in Other - Taxes

My Mom is in a facility located where I live. I purchase all adult diapers, ensure, clothing, and other supplies

2007-03-20 05:10:12 · 6 answers · asked by mosbylg 1 in United States

2007-03-20 04:56:57 · 2 answers · asked by weasel 1 in United States

Last year I received a $115.00 refund from Maryland State taxes but this year I owe over $600.00 and I can’t figure out why I owe so much. The only thing that has changed from last year is that I made $8,000.00 more.

I claim 0 on my checks
I made under $40,000.00
I have no dependents or anything to claim

Does anyone know why I would owe state taxes? I just don't understand why I owe when I claim 0 on my weekly check. I thought the whole point of claiming 0 was so that they would take out more taxes during the year so that you would'nt owe at the end of the year.

Any help would be appreciated!!
Thanks!!

2007-03-20 04:39:59 · 5 answers · asked by Rach 1 in United States

I suspect this continues to be just another "lets get the vote" givaway program initiated by the Democrats. Bush, in order to jump start the economy, gave back some money to the TAXPAYING citizens and was roundly critisized by the Democrats. I think this is another good why only TAXPAYERS should be allowed to VOTE!

2007-03-20 04:38:14 · 8 answers · asked by Anonymous in Other - Taxes

Do we divide the interest by 4 and each use that amount on our individual tax return? Do we each do our taxes normally, include all of the interest on each return and just use the one that is most advantageous? Help!

2007-03-20 04:36:21 · 3 answers · asked by gt3571a 1 in United States

NEED TO KNOW BEFORE I DO MY TAXES THIS YEAR.

2007-03-20 04:22:07 · 1 answers · asked by doris m 1 in Other - Taxes

"Whatever source" is reflected by a list of sources of income, and the sources of income as outlined in 26 USC § 861 and in 26 CFR § 1.861-8 (which 26 CFR § 1.863-1(c) indicates

Is this true?

2007-03-20 04:19:24 · 2 answers · asked by Chex M 1 in United States

I filed with jackson hewwitt, but the computer wouldnt let me efile my sc state return. the preparer wasnt a lot of help said she didnt know why, i think its because my husband was a volunter fireman 2 years ago in the state of sc and gets a small credit <72.00> I hate to wait 12 weeks for my refund does anyone know where or if i can just efile my sc state tax return? Thanks in advance

2007-03-20 04:19:11 · 3 answers · asked by laura s 2 in United States

I live, work, and am based out of NY. In 2006 I had to work in NJ for 5 weeks through my company. Therefore, I received two W2's, one for NY and one for NJ. The NY one includes the same total income for 2006 in box 1 and in box 16. I know that 100% of my wages are supposed to be reflected in NY instead of by hours worked per a bulletin issued by NYS in '03, so that's not a problem. However, on my NJ W2, the same total income amount is listed in box 1, while the state earnings box 16 reflects the NJ portion. So, for my federal return, do I have to include that NJ W2 as well? My total income earned in 2006 is reflected on the NY W2, so I see no reason to include the NJ one as it reflects the same total income. I will include it when calculating my NJ state return. Is it wrong to not list that W2 on my Federal Return? It just doesn't make sense to include it, as I'd have to enter zeroes for the federal portion....

THANKS

2007-03-20 03:50:19 · 4 answers · asked by bbjay20 2 in United States