Taxes - March 2007

2007-03-19 16:11:36 · 6 answers · asked by David S 1 in United States

2007-03-19 15:55:01 · 1 answers · asked by Anonymous in United States

2007-03-19 15:46:37 · 2 answers · asked by Creatur99 1 in Canada

Humm... I have no clue, What is the legal "of age" to file income taxes?

2007-03-19 15:40:47 · 11 answers · asked by Amrit S. 2 in Other - Taxes

in filling out form 1040on line 43 it states that if line 42 is more than line41 enter 0 . is line42 more if line 41 is negative?

2007-03-19 15:37:16 · 4 answers · asked by James W 1 in United States

I have a regular part time job with the normal tax issues, but I recently accepted a very small freelance writing job as well. I am unsure how to deal with the taxes and social security stuff with this. The job required me to send in a W-9, but I understand this to be only for their records. What is the right way to declare my income for the freelance job, and how do I withhold the right social security etc.? I am completely lost on this, but I want to make sure that I follow all the rules properly. Thanks in advance!

2007-03-19 15:17:53 · 9 answers · asked by makeupalleygirl 1 in United States

Which Turbotax version should I use for my brokerage account's 1099s?

2007-03-19 15:10:24 · 1 answers · asked by China Drum 1 in United States

Ok, so my husband and I were married 3 years ago and our tax preparer has filed my husband as single and myself as head of household the last 3 years. Is this completely 1. unbeneficial to us? 2. Going to get us in trouble? 3. How do we fix this so we get the correct thing done?

I went to see the Jackson Hewitt man tonight and he said he did what he was told...not what was best for us and that if we filed an addenda we'd get audited and have to pay money (why that is I don't know, we've always reported all income and had taxes deducted through or employers?? WTF???!!!!! I thought it was better to file jointly? Or am I mistaken??

2007-03-19 15:07:53 · 6 answers · asked by IrishEyedGal 3 in United States

I am having a bit of a problem. My husband worked for a contractor for a few weeks over the summer and we received a 1099-Misc. for the cash that he was paid. I am trying to do my taxes through H&R Block's website. When I go to where you enter 1099-Misc. information, it has a bunch of questions to answer, it is asking my about owing our own business and what accounting method we used for our business. But we do not or did not own our own business. How do I go about doing this??? How do I answer these things when they don't actually pertain to us?

2007-03-19 14:49:51 · 3 answers · asked by Anonymous in United States

Hi,
I have a brokerage account with Scottrade and they sent me a composite 1099Div,1099INT which totals all the things across the funds I own. Do I just need to report all this under Scottrade's name or list the individual mutual funds seperately and show the Div and Capital gains.

Thanks

2007-03-19 14:47:51 · 7 answers · asked by theguy 1 in United States

How much can I pay them before I have to get their W-9 info. Is this per person or the total amount for everyone. Say its $500.00. If I paid subcontractor $550.00 and another one $100.00 am I over my amount total $150.00 or just for $50.00 for one subcontractor and under the amount for the other. So the one that is under I don't need his w-9 info yet.

2007-03-19 14:21:57 · 3 answers · asked by givetolive2007 1 in United States

I sold my car this year in a private sale. Originally I thought my cost basis was the original amount I paid for the car when I bought it. A friend of mine told me that since I sold it for more than was left in my financing payments (ie my sell price was greater than what I still owed) it counts as capital gains. So is the cost basis the amount that was left to be paid on the car at the time of sale or the original cost of the car when first purchased?

2007-03-19 14:11:31 · 6 answers · asked by wright_gm 2 in United States

Legally speaking, not logically speaking, is it legal to be a homeless people and to beg for money like that? And if it is, are they legally supposed report any income and pay taxes on it? I know none of them do it, but are they legally supposed to do it, since you are technically supposed to report any income. Is there a written exception for them?

2007-03-19 13:59:45 · 9 answers · asked by randomdude 3 in United States

i sent it electronicly 2/11/07

2007-03-19 13:43:50 · 3 answers · asked by debw7961 1 in United States

He alone made $40,000.00 and only $99.00 was paid into federal. He did this last year and I refused to file married filing jointly. I got a small return and he owed more than $3000.00. He again owes that much and is blaming the tax prep place. We are now getting notices from the IRS to Levy. He thinks I should pay for it out of my return. I understand that thought, but it makes me angry that I work just as hard and pay my taxes and he refuses to. To save our home I will but it is very frustrating. I am a third year accounting student. I have learned quite a few tricks on preparing taxes, but I couldn't pull this rabbit out of the hat. Any suggestions???

2007-03-19 13:35:35 · 15 answers · asked by curly_bug 1 in United States

2007-03-19 13:09:31 · 3 answers · asked by Michael J 1 in United States

2007-03-19 13:06:43 · 1 answers · asked by Cigatoo43 1 in United Kingdom

I'm having my family taxes done through an accountant and one of our college students has only one semester's worth tuition on his 2006 1098t form. If he paid for his Spring 2006 bill in December of 2005, should it have appeared on the 2005 1098t or the 2006 1098t?

2007-03-19 13:06:31 · 2 answers · asked by Ray360 1 in United States

2007-03-19 12:58:39 · 6 answers · asked by amanda b 2 in Australia

After e-filing and direct depositing the refund, how long does it take to get the refund?

2007-03-19 12:51:54 · 5 answers · asked by cy 3 in United States

Help me--- I have already had someone prepare my taxes for the past year (I've used her for many years), she doesn't e file. Is there somewhere I can find a way to e-file my taxes without having them re-do all of the figures. I'm getting a nice return and could use the money now verses in 3 to 6 plus weeks to do home improvements and pay off misc. bills that are driving me crazy---Any Help??????? Lynn

2007-03-19 12:44:11 · 4 answers · asked by mcjih5 2 in Other - Taxes

I told my boss to take the min. amount on my check because before he was taking almost 80.00 per week,and at my old job my boss told me "i can take more money and you will recieve more, or i can't take less and recieve less,so I told my new boss to take only the min amount of taxes ,now my account is telling my i have to pay @ 4000.00 back to the I.R.S, I spoke to my boss and he brought that up about what i told him to only take out the min amount,I didn't know this was going to happend,I NEED HELP. OR ADVICE.

2007-03-19 12:43:44 · 12 answers · asked by angelmeza310 1 in United States

I used to work at a gentlemen's club,we have to pay taxes as well.
I asked my friend about it, and he told me NOT to worry about it,
I have not done my taxes for 3 year all together.
I asked another friend of mine,and he told me I should get my taxes done,and my other friend was wrong in what he told me.

I belive that he is right,and I wanna keep my financials together.

If I walked into a H & R Office,would they be able to pull up my records on the computer,or do I have to physically have all the information myself,before I go to the H&R to take care of the taxes?
Should it be enough to bring my ID and Social Security Card?

2007-03-19 12:33:42 · 5 answers · asked by Anonymous in United States

2007-03-19 12:16:48 · 2 answers · asked by Brian S 1 in United States

Purchased for $10,000 in 2006
Selling for $47,000 in 2007
No improvements to property
5 Acres
Own home on separate piece of property

2007-03-19 11:50:08 · 5 answers · asked by Jay Z 1 in United States

I heard from the IRS office and Frankfurt and a bureaucratic office here in Hungary that as an American citizen teaching in Hungary for less than two years I am exempt from income taxes. But the school I am teaching at has been withholding tax money out of ignorance of this law and I can't figure out how to go about getting the money (a pretty large percentage) back and how to prevent them from doing it in the future. A lawyer is too expensive, please help me figure out what to do.

2007-03-19 11:33:29 · 2 answers · asked by Anonymous in Other - Taxes

I left under bad circumstances, and yet have not recieved a W-2. Is there a good reason for this, or do I need to contact them and get one?

2007-03-19 11:32:23 · 8 answers · asked by Kurse 3 in United States

2007-03-19 11:05:16 · 2 answers · asked by Aditi M 1 in United States

I re did a W-4 for the last 7 yrs it stated 2 dependents and of course married..

I filled out another W4 to receive more on my paycheck and when i received my stub it stated federal 12 dependents and 5 under state....

I dont know if thats right or something went really wrong...

2007-03-19 10:56:10 · 5 answers · asked by stuffy 5 in United States

2007-03-19 10:49:15 · 5 answers · asked by Anonymous in United States