Taxes - March 2007

I just got my taxes done and the accountant who did them told me he couldn't e-file them because I didn't file taxes last year. I didn't file last year since I had my own business and didn't really make any money. Then he kept stressing that if I get a letter from the IRS saying I owe money that we will figure out then what to do. Could he really not do an e-file for me since I didn't file last year? Or is it that he tried to e-file and it is coming up that I owe taxes to the IRS?? Can anyone help me?

2007-03-18 11:47:08 · 3 answers · asked by k_artiaco 1 in United States

I am obviously filing a federal and Minnesota return.

2007-03-18 11:46:08 · 2 answers · asked by Chris S 2 in Other - Taxes

My previous employer that I worked with for only 6 weeks last year has not given me my tax information. I have tried contacting my supervisor and no response. I filled out a w-9 since it was sales and I was a sole proprietor. I plan on going to HR block next week to do my taxes. Am I able to give them how much I made(I know it from the check receipts) Plus my deductions from the job? Any help will be greatly appreciated

2007-03-18 11:24:11 · 5 answers · asked by Jay Dee 2 in United States

For six years we have filed taxes as Married, filing separately. We are in our seventies, reside permanently 600 miles apart and have no reason to divorce. I have very few deductions while he has many, but I must itemize since he does. It would be advantageous for us to file as singles. Can we do that if I can get the agreement filed with the court? How?

2007-03-18 11:13:16 · 14 answers · asked by Lifestooshort 2 in Other - Taxes

their kids. The kids are at her house at least 4 days a week. She pays for the medical care, all clothes, band instruments, lunch money for school, shoes etc. The X provides a place to live. Won't even buy basic necessities. They agreed that last year he would claim both dependents and this year she would claim them. They have two older children who work and claim them selves. She has already filed her taxes this year and now he said he is claiming both kids. What happens if he does. My friend can prove that she has paid for over 60% of their support.

2007-03-18 11:07:39 · 8 answers · asked by van 2 in United States

2007-03-18 10:36:59 · 7 answers · asked by Solace 2 in United States

(age 68)worked for the city of dallas for 20+ years, he is recieving his pension but was told by ss that he does not qualify for benefits because the city of dallas never deducted any from his payroll, is this possible? He would file for his taxes every year though.

2007-03-18 10:29:07 · 10 answers · asked by julopez12 1 in United States

I made about 12,500 on the books last year. i tried to do my tax return online and it says I owe around 375 dollars. that cant be right. They already took out about 800 dollars in taxes, what the poverty line as to where one does not need to file for taxes.

2007-03-18 10:10:37 · 4 answers · asked by nailz 2 in United States

Hi,
I am self employed working as a freelance interior designer. I do not have a bank account of my own.
I would want to know if I'll be requiring a PAN card for getting a fixed deposit of around 2 Lacs. This money has been painstakingly saved over 4-5 years.
Whats the maximum amount one can invest in fixed deposit in a bank without PAN card?

2007-03-18 10:08:18 · 2 answers · asked by Tanya K 1 in India

I know I can write off expenses related to a job search. I was searching for a job for two months, and during that time, I racked up $400 in cell phone calls (phone interviews, voicemail). However, I have personal calls mixed in as well. Can I write off the bills for the entire two months, or only the specific phone calls I made?

2007-03-18 10:03:47 · 3 answers · asked by Shasta McNasty 2007 2 in United States

I am using software to file my tax return and was asked to input "net income",(I am in Ontario,Canada)
I am wondering Net Income is ----

Net Income=Employment income -( Income tax deducted+Employee CPP Contribution+ EI premiums)

(note:This is on T4 form);


Net Income=Total benefit Paid-Income Tax Deducted)

(on T4E form, This is for EI collector)

thanks

2007-03-18 10:00:57 · 4 answers · asked by for2000 3 in Canada

My wife and I had our taxes prepared at H&R block. We are 23 and 22, bought a home in November and had 53,000 in w2 income for 2006. Everybody told us that we would get a big refund, being that this was our first year being married, having school loans and a house... Well, we owe 1,500 in federal tax plus 500 in state/local taxes. I expected the state/local bill, but the federal was a bit of a suprise. How can I go about checking to make sure there was not an error? We just dropped our stuff off and then came back to sign the paperwork.

2007-03-18 09:47:38 · 4 answers · asked by argylekilla 2 in United States

2007-03-18 09:04:53 · 2 answers · asked by Vivek A 1 in India

I want to set up an eBay business with one or two friends.

I don't really get what I have to do with taxes or anything and now I've just read about some employers thing.

I don't get what I have to do, could sombody explain?
(I've not done any of this tax stuff before, so please make it an idiots guide)

2007-03-18 08:40:02 · 6 answers · asked by Anonymous in United Kingdom

I need help in accounting for some Series EE bonds I had cashed in in 2006 on my federal tax return. There were various bonds I had that were originally issued between 1983 and 1986. From the bank I cashed them in at I received a "Statement of Interest Paid for Redemption of US Savings Bonds", but not a 1099-INT. This statement shows the breakdown and total Interest I earned on the bonds. Should I just assume that statement I received is the 1099-INT? I am planning on using that information to include in my Interest Income section, but am not sure if I should have received a 1099-INT as well.

Does anybody have any information to help me out?

2007-03-18 08:30:44 · 1 answers · asked by bbjay20 2 in United States

** Several years ago, $1000 has to be the minimum amt that a judgment could be filed in the state of Ohio. It's for a medical bill of 200 but they've added addt'l $ to the balance to the tune of 317.61 and have now filed a judgment. Thank you!

2007-03-18 08:23:14 · 1 answers · asked by Seal B 1 in United States

I bought something from BestBuy in LA (where tax is 8.250%) and returned it in Vacaville (where tax is 7.375%). They technically did not give me a FULL refund as noted in their return policy because they gave me a refund for COST OF PRODUCT + VACAVILLE TAX BRACKET, not COST OF PRODUCT + LA TAX BRACKET. They skimmed me on tax. It's only a relatively small amount of money, but is this legal?

2007-03-18 08:18:48 · 2 answers · asked by Anonymous in United States

2007-03-18 07:54:42 · 7 answers · asked by Anonymous in United States

I work as a part-time/temp employee (although still 40 hours/week.) After 1,000 hours they offered me health insurance, but before then I was paying for an individual plan. Can I deduct the premiums I paid up until enrolling in the company's group plan?

2007-03-18 07:27:32 · 4 answers · asked by Cymbaline 2 in United States

2007-03-18 07:25:31 · 2 answers · asked by RoxanneZG 3 in United States

I'm self-employed with a staffing agency as an independent contractor, as a nursing technician, and almost finished with RN school. The college I'm going through does not participate in federal financial aid. I'm aware that I can't take a hope or lifetime learning credit because of that, but would the tuition be deductible as an ordinary and necessary business expense? As a nursing technician, am I considered part of the nursing profession, even though I'm not licensed as such? I do have the mandatory certification the state requires.

2007-03-18 07:07:41 · 5 answers · asked by mattseviernd 3 in United States

I am single, no dependants and no one can claim me as a dependant. I dont have any kind of tuition reimbursement or retirement stuff. Just my plain old W-2's. Also, I havent filed in a few years and am planning on filing for the past 3 years. My uncle knows a lady who gets him GREAT returns. Should I pay hey to do my taxes as well? hoping that she could somehow get me more money? or are my taxes so simple that I should just do them on my own?

2007-03-18 07:06:09 · 4 answers · asked by 13 Points 2 in United States

Is it necessary to send an amended tax return to the IRS via certified/return receipt requested mail, or can I just stamp it? Thank you!

2007-03-18 07:03:17 · 5 answers · asked by Katiecat 5 in Other - Taxes

He is single and not a dependent. (he was taking classes at the university)

2007-03-18 06:31:37 · 8 answers · asked by Anonymous in Other - Taxes

Hello -
I have a question about whether any of this would be considered a "wash sale" ?
Bought 304 sh of X on 10/6/06 Sold 10/18 @ $19 net gain
Bought 94 sh of X on 10/10/06 Sold 10/18$(40) net loss

Bought 325 Sh X on 10/23/06 Sold 325 Sh 10/25/06 Net loss of $1,082.00
Seems to me that the $40 loss a wash but the $1082 is not a wash but maybe that is wish ful thinking?

Thanks in advance for any help!

2007-03-18 06:27:21 · 2 answers · asked by Anonymous in United States

(from the guy with the 5 years of returns to file)
On the gambling issue, would you put both the winnings and the losses on Schedule A? Also, if I do not have the records showing the losses, they would still have to audit me, right? So if I do not get audited would you go ahead and do it? And if I do get audited, is the worse that can happen a penalty, or could this be criminal? Where on my tax returns can I put a statement showing that the casino was ruined in the hurricane? I already tried getting records from the casino "receivership office", all I have gotten is the runaround.

2007-03-18 06:26:42 · 1 answers · asked by Anonymous in United States

2007-03-18 05:53:03 · 3 answers · asked by OnionSkin 3 in United States

I incorporated on 3/10/2007 and when applying for EIN, I mentioned Fiscal Year end as March. (I am now thinking probrbaly Jan 31 would have been better)
In any case,
Does my corporation have to file taxes this year ending March 31, 2007? Or on March 31, 2008?
Does it make sense to file taxes for the short year comprising 20 odd days?

2007-03-18 05:40:54 · 2 answers · asked by Anonymous in United States

2007-03-18 05:38:46 · 3 answers · asked by rmmata 1 in United States

2007-03-18 05:33:34 · 4 answers · asked by James S 1 in United States