Taxes - March 2007

I am the poor slob with the 5 years of back taxes to do. I won some money in a casino in Biloxi Mississippi and then I lost enough to offset the win. But the casino got blown away in Hurricane Katrina and all I have is the W2G showing the win, while I cannot get a win-loss statement from the casino to show my losses because it is gone. Will the IRS trust me on this one?????

2007-03-18 05:14:56 · 7 answers · asked by Anonymous in United States

I pity the poor agent who gets that task. Honestly.

2007-03-18 05:12:51 · 1 answers · asked by Anonymous in United States

2007-03-18 05:12:06 · 6 answers · asked by angelwings931@btinternet.com 1 in United Kingdom

Hi,

For the tax year 2005, I happened to invest $1500 more than I am supposed to. I realized this in Jan 06(before my tax filing due date of 2005) and promptly removed the excess contribution along with the earnings. For the tax year 2005, I did not show any excess contribution withdrawal,i just mentioned the correct Roth IRA I am eligible for as invested, I thought I had to do that in 2006 as I did this act in Jan 06. But the custodian has given me a 1099 R with the code PJ and my tax software tells me that this means I have to correct my 2005 return. Can someone help me and guide me on this. It is just 86$ which is the earning on the excess withdrawal. What form do I need to file to correct this for 2005, will I need to do amendment of the 2005 tax return.
Is this an easy job or will I be better of going to a tax preparer. I have always done my own taxes.
Any help on this would be highly appreciated.

Thanks

2007-03-18 05:02:42 · 2 answers · asked by theguy 1 in United States

i am a legal temporary worker recently moved to the usa. i filled out the w-4 and the total amount of withholdings was 5

2007-03-18 04:48:42 · 2 answers · asked by Anonymous in United States

I did not file due to divorce and procrastination. Once I missed the first year it was harder and harder to do the next year. This year I want to catch up and get squared away. Even tho I withheld more than I owed, am I still in trouble? What would you do? This is U.S. income tax by the way.

2007-03-18 04:41:30 · 9 answers · asked by Anonymous in United States

2007-03-18 04:41:17 · 2 answers · asked by casey e 1 in United States

I am the sole male earning member. I have paid for the mediclaim insurance premiums for retired in-laws as well as parents, in 2 separate policies. Am I eligible for deductions under Section 80D on both policies, or only on the premium paid for my parents?

2007-03-18 04:31:16 · 2 answers · asked by koushikpaul 1 in India

before you have to pay capital gains tax on it.?
Also, does it matter how long you owned the property?
I tried looking this information up at the I.R.S. site, and couldn't find any helpful info.

2007-03-18 04:31:09 · 5 answers · asked by Kismitt 6 in United States

2007-03-18 04:28:02 · 3 answers · asked by Anonymous in Other - Taxes

My wife and I filed our 2006 Federal income tax returns two months ago. We recently filed our local income tax returns and got a unexpected $22.00 return that we had not reported on our Federal return. The local authority issued us a 1099-G that stated this income is being reported to the IRS for tax year 2006 (not 2007).

Should we go through the hassle of amending our 2006 returns for this small amount, or should we wait to see if the IRS sends us correspondence asking us to pay the tax on the $22.00?

Thanks,

2007-03-18 04:26:02 · 12 answers · asked by Matt K 4 in United States

I did not claim the undergraduate tuition that I paid for for 2004 and 2005. Is it possible to amend those tax papers? Can someone please guide me in the right direction either by providing URL or letting me know what I should research. Thank you!

2007-03-18 04:19:04 · 3 answers · asked by heyjerzygirl 2 in United States

it helps the poor the most, and it would attract so many jobs to america, that no one who wanted to work would have a problem finding a job...its almost like that now in america with our low unemployment rates, but that's another topic.

2007-03-18 04:16:13 · 4 answers · asked by Anonymous in Other - Taxes

I have heard rumor that a traveling nurse can deduct 50/day for food and other expenses. Also I have read about reimbursements for travel expenses. Any information will help

2007-03-18 04:10:55 · 4 answers · asked by Kelly M 2 in United States

I know they take taxes out of the checks but then you get a check for the taxes that was taken out.I just want to know if i have to report all of that and repay the taxes on it when i return next year

2007-03-18 03:51:50 · 5 answers · asked by w_robrecht 1 in United States

2007-03-18 03:50:34 · 3 answers · asked by World Cup Cricket 2007 2 in Australia

2007-03-18 03:48:07 · 3 answers · asked by w_robrecht 1 in United States

2007-03-18 03:32:26 · 2 answers · asked by ssunderagarwal 4 in United States

I am about to purchase a used boat (6.5m - 7.5m) but they seem to be less expensive in USA than here in Australia. To help me make my mind regarding the vendor to which I will turn I need to know whether this kind of import is permitted and what taxes/duties are payable. I am not importing as a broker. This is for private use.

2007-03-18 03:32:03 · 3 answers · asked by qurious 1 in Australia

I would like to know how much salaries between £30.000 and £40.000 get taxed, what is the tax band that is, and what is the lowest salary at which the 40% tax applies to in the UK?

2007-03-18 03:23:19 · 3 answers · asked by maria.koufaki 1 in United Kingdom

It shows like this:

Box 18 Local wages, tips, etc
3550.00
3550.00

Box 19 Local income tax
35.50
3.20

Box 20 Locality name
Shippensburg
PA SUI

2007-03-18 02:44:00 · 3 answers · asked by PrimeTime 2 in United States

2007-03-18 02:39:47 · 5 answers · asked by DeeCee 1 in United States

I closed a 401K account with 20K in it and used 17K of it for medical bills. What IRS form would I use to claim that as a hardship so it is not treated as a early withdrawal ?

2007-03-18 02:13:44 · 1 answers · asked by Sky Hawk 1 in United States

What type of IRA should a college student open? Traditional IRA or Roth IRA?

2007-03-18 01:57:37 · 5 answers · asked by Anonymous in United States

Hey! I've participated in Work and Travel program in last two years. I did paid federal tax, but exactly I did not have to. ( as a international student I'm not oligated to do it) Now I'd like to get back what I paid.The problem is that I don't know how to do it. My knowledge about US taxation process is not impressive.I stilll have my W2 forms from my employer.Please help me!!!

2007-03-18 01:37:54 · 3 answers · asked by jacekvolt 1 in United States

2007-03-17 23:27:58 · 9 answers · asked by annette b 1 in United Kingdom

Who can claim property, the person or all the heirs of the deceased. What is the procedure of execution of will. Is there any stamp duty payable on execution of will.

2007-03-17 23:14:57 · 3 answers · asked by ssunderagarwal 4 in India

2007-03-17 23:11:36 · 8 answers · asked by ssunderagarwal 4 in India

2007-03-17 23:09:20 · 1 answers · asked by ssunderagarwal 4 in India

2007-03-17 22:30:46 · 2 answers · asked by prakash 1 in India