Taxes - March 2007

We had a CD for a very short time this year- it ended up only making about $25 in interest. How do i report that correctly? We are using the 1040A form, and I put it as earned interest, but do i need to include another form with it when i send it in to the IRS? I heard about a 1099- but with the amount being so minimal, is it necessary? Or would a copy of the form they sent me from the bank (for all i know it could be the 1099?) be sufficient?

We are located in Minnesota if that makes any difference.

2007-03-20 03:39:53 · 4 answers · asked by glorymomof3 6 in United States

2007-03-20 03:22:01 · 3 answers · asked by TRACEY W 1 in United States

2007-03-20 03:18:33 · 4 answers · asked by Anonymous in India

“wages as defined in section 3401(a)” consist exclusively of remuneration paid to and “defined in section 3121(a)” are exclusively paid by the United States or a company which is resident within territory under the exclusive jurisdiction of the United States, for the performance of "service" as defined by the Classification Act of 1923 mean to any related tax forms?

2007-03-20 03:15:17 · 1 answers · asked by Chex M 1 in United States

do i need to claim it with the IRS. I've lived on the house only during my summers
do i need to prove to them my residence? and how ?

2007-03-20 03:12:40 · 4 answers · asked by liza 1 in United States

If I work in a different state in which I live, do I
pay state taxes in the state in which I work or in my state of residence?

2007-03-20 03:11:05 · 5 answers · asked by Anonymous in United States

2007-03-20 03:09:04 · 1 answers · asked by Matthew H 1 in United States

Was the Victory Tax ever repealed and what does this exactly mean for you, if you are considered as being a volunteer in paying income tax?

2007-03-20 03:07:44 · 1 answers · asked by Chex M 1 in United States

I also lived on a MD university during the tax year while still working in DC.

2007-03-20 02:58:47 · 2 answers · asked by Joshua E 1 in United States

Hi, I opened and cash ISA last year and Im confused on how its worked out and how much I will get at the end of the year. Is there a way you can work it out, using the amount you put in and the Interest rate. I put the full 3,000 in and the interest rate was around 4.23% so please can you tell me how much or how to work it out how much interest I will of earned this April

Thanks

2007-03-20 02:44:25 · 4 answers · asked by Anonymous in United Kingdom

He is just about to rob £1200 off me for tax I have already paid. This means I have just worked as a Healthcare Assistant at my local hospital during my time off (evenings and weekends) - after I have finished my highly stressfull office job, for nothing. I will tell them, again that I have already paid, but if I do get some of it back I will still have to wait a month or so. Anyone had a similar situation?

2007-03-20 02:43:07 · 7 answers · asked by ~Natacha~ 2 in United Kingdom

does a wife have to pay inheritance tax on a property left to her by husband?

2007-03-20 02:17:07 · 9 answers · asked by Anonymous in United Kingdom

If a firm is exempt from maintainence of books of accounts, on what basis the FBT should be calculated?

2007-03-20 02:08:36 · 2 answers · asked by sanjay 1 in India

the check ,because i just filed my income tax and they ask me to wait 2 weeks

2007-03-20 01:42:14 · 2 answers · asked by BOOKEY 2 in United States

2007-03-20 00:00:27 · 3 answers · asked by Anonymous in United States

My father is about to sell his business and he wants to give some money to his two children. Any help would be appreciated. I have checked the UK Gov/HM Revenue & Customs websites but I can't get to grips with what you have to pay.

2007-03-19 23:52:11 · 5 answers · asked by Tracy & Russ 1 in United Kingdom

2007-03-19 23:51:35 · 2 answers · asked by a k 2 in Australia

I paid for a presciption with a credit card in mid Dec. 2006 but didn't actually pay for it until after Jan. 1, 2007 - can I claim it for 06 taxes? This is the first year I've been able to itemize, usually we end up a few hundred under the standard deduction, we had more medical bills last year than normal. So odds are if I can't claim it for 2006 I won't be able to use it for 2007.
Thanks in advance!!

2007-03-19 20:04:29 · 11 answers · asked by Jeff S 6 in United States

The government ratified amendment 16 in 1913 for the sole purpose of taxing corporations on the privilege of doing business in corporate form. -- http://caselaw.lp.findlaw.com/data/const...

Furthermore, from the annotations of the amendment, "[T]he Sixteenth Amendment conferred no new power of taxation but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged.' 13 "

If you have any doubt, I challenge you to find IN WRITING a statute that gives the federal government the right to tax a person's labor and/or earned wages.


http://www.freedomtofascism.com/

Nowhere in the constitution does it state the government can impose an income tax. That is why congress ratified the 16th amendment. BUT the 16th amendment does not allow the government to tax a person's wages.

2007-03-19 19:42:32 · 9 answers · asked by procomp9 1 in Other - Taxes

The government ratified amendment 16 in 1913 for the sole purpose of taxing corporations on the privilege of doing business in corporate form. -- http://caselaw.lp.findlaw.com/data/constitution/amendment16/01.html#2

Furthermore, from the annotations of the amendment, "[T]he Sixteenth Amendment conferred no new power of taxation but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged.' 13 "

If you have any doubt, I challenge you to find IN WRITING a statute that gives the federal government the right to tax a person's labor and/or earned wages.

Here is a documentary that will shock you.
http://youtube.com/watch?v=zsZO6G7dfpI

2007-03-19 19:03:51 · 9 answers · asked by procomp9 1 in Other - Taxes

2007-03-19 18:50:58 · 10 answers · asked by ed 1 in United States

2007-03-19 17:58:08 · 6 answers · asked by ? 6 in United States

Hi,

I work for a company that pays me fringe benefits in my check. What this means is that I have to pay for my own life and Health insurance.

Can I deduct the premiums when I file my taxes?

Thanks in advance for any help.

2007-03-19 17:41:25 · 11 answers · asked by Joe S 1 in United States

Father working in Dubai and son working in US.

2007-03-19 17:28:47 · 8 answers · asked by Ashok A 1 in United States

2007-03-19 17:11:59 · 4 answers · asked by Anonymous in United States

This is for an apartment rental.

2007-03-19 17:11:50 · 4 answers · asked by Anonymous in United States

2007-03-19 17:08:24 · 4 answers · asked by Anonymous in United States

Which is the best place for tax preparation, and why? Thank you in advance.

2007-03-19 17:07:56 · 8 answers · asked by Maria Gallercia 4 in United States

I still allow my parents to claim me as a dependent to help them out. This past year I earned about $19k working over 6 months and had federal taxes withheld each pay period. After our accountant figured out my taxes, they claimed that my refund was only minimal (something like $200). Since my income this year was far more than what I've earned over the past few years, and since my parents can be kind of shady at times, I was wondering if they might be cheating me out of some of the refund. I know that being claimed as a dependent reduces your refund amount, but still, something feels off about it given the money involved. I live across the country from them and so I don't know if I'll be able to check out the tax documents without getting into an argument. I don't want to accuse them if it's likely they are telling the truth. Thanks.

2007-03-19 16:34:53 · 8 answers · asked by Geddy 1 in United States

2007-03-19 16:12:25 · 8 answers · asked by BP 09 1 in United States