Taxes - March 2007

I am 20 years old i made $16000 in 2006 and i just got back $89 bucks its that right? i have no kids no married just me.

2007-03-30 03:49:39 · 6 answers · asked by pollo 2 in United States

I'm selling 5 acres with a mobile home (probably for not much more than I have in it), but I wanted to know what kind of taxes I'd have to pay if I were to make more than the payoff (or original purchase price??? not sure how that works, either).

2007-03-30 03:14:52 · 3 answers · asked by Anonymous in United States

The land I am selling was given to me by my father & the land has been in the family for over 100 years. Do I have to pay capital gains taxes on it if I sell it.

2007-03-30 02:57:59 · 8 answers · asked by Kathy B 1 in United States

What is the California % for charging taxes? And what are the benefits of charging taxes?
If a person from another state buys something from me do they still have to pay the taxes that I charge?
Thanks I'm new to the business word...........

2007-03-30 02:39:56 · 6 answers · asked by Emeralds Diamond Store 1 in United States

If one gets a graduate school felloship that pays for tuition and other expenses such as room, board, etc. can you report the entire scholarship as income and then claim life time learning credit or do you subtract the portion paid for tuition and report the balance as taxable income. The former method appears to result in lower tax.

2007-03-30 02:35:28 · 5 answers · asked by materialsguru 1 in United States

I was wondering what I'd be able to claim. I was thinking 2 maybe 3. My fiance and I live together and we now have a newborn son. CA resident. I make over $35k. What should i do?

2007-03-30 02:32:03 · 5 answers · asked by Raymond M 1 in United States

2007-03-30 02:26:09 · 11 answers · asked by sexynykky2 1 in United States

My husband and I both claim single zero on our weekly pay checks so we have quite a bit of money taken out. Last year we got about $1,500 back. We both made a bit more money this year and when we filed our tax preparer told us we were only getting back $70 federal and we owe over $300 to the state. I can't seem to understand why that would be. We have alot of money taken out of our weekly checks, plus when we itemized we had quite a few deductions since we remodeled our house last year. We file our taxes as married. Could the tax preparer have made a mistake???? Should I go to someone else and have them double check?

2007-03-30 02:23:38 · 5 answers · asked by pack513 4 in United States

I finished my taxes and file through efile. I then got a state letter for an audit. I used my own records for my numbers which now I see are way off after I got my Bank Statements. Would it be bad to now Amend my State and Federal and make it right?

2007-03-30 02:04:49 · 3 answers · asked by Anonymous in United States

2007-03-30 01:55:01 · 1 answers · asked by Josephine T 1 in Other - Taxes

These benefits are due to the death of a parent.

2007-03-30 01:45:16 · 4 answers · asked by QUIETWATER 1 in United States

2007-03-30 01:39:50 · 4 answers · asked by rattone11 1 in United States

Brian Riedl, senior budget analyst at the Heritage Foundation, says if the Democrats' budget were enacted into law, the typical American household would see an average tax increase of $2,641 per year over the next ten years.

2007-03-30 01:25:01 · 3 answers · asked by credo quia est absurdum 7 in United States

2007-03-30 00:43:15 · 3 answers · asked by Staci B 2 in United States

KS forms only, who will provide this service online-FREE

2007-03-29 23:28:59 · 2 answers · asked by ibcnu72 1 in United States

I have my W-2 from 2004 and need to file it. I am aware that you cannot do e-file for backtaxes, but I don't know where to go to take care of this. I would rather do it for free (obviously) but don't mind having to pay a small fee as long as I can have it deducted from my return.

I went to H&R Block and they told me they could not file this for me. I live in Oklahoma (Tulsa). If anyone has any advice, I'd appreciate it! Thanks!

2007-03-29 21:28:07 · 2 answers · asked by [Isaiah born 12/31/09!] 5 in United States

I paid estimated tax in 2006, but now I forgot how much and when I paid it! My bank does not keep check record of over 6 months, and I can't find my old check book.
Can someone tell me how/where to get the information? I don't want to pay double tax or penalty!

2007-03-29 20:44:53 · 5 answers · asked by Aqua 2 in United States

I couldn't find a similar question on Answers, and was wondering if any CPA's/tax preparers could lend some advice.

I'd like to know whether my husband and I should file a joint return or separately.
We married in November of 2006. My husband is a Marine and made between $12-14,000. I worked for 5 months in 2006 and earned approx. $5,000. The state listed on his return is HI; mine is listed as OH (I lived with my parents who live in OH for 6 mo.s while he was in Iraq, and during this time I worked). His duty station is in CA (he's been here for the past 3 years), and I claim CA residency.

I was also wondering if we would qualify for the EIC (Earned Income Credit). If we do, should we take it? If we just have to pay it back next year I'd rather not go that route. How should we file in order to maximize our return and minimize the hassle?

2007-03-29 20:28:51 · 6 answers · asked by dreamin delux 3 in United States

i need help i worked my first year and taxes are next month so i need some help. What to do what to do. Asked a lot of people and they dont know how to do it so any help would be great.

2007-03-29 20:25:46 · 2 answers · asked by Yosapa G 1 in United States

2007-03-29 19:14:26 · 2 answers · asked by MUSHTAQUE AHMAD K 1 in Other - Taxes

2007-03-29 18:29:02 · 3 answers · asked by Anonymous in United States

I'm filing my taxes and can't find my kid social security numbers. Is there a way to access them on line?

2007-03-29 18:24:05 · 10 answers · asked by munchkin53 1 in United States

i know we can write off our interest for our trailer as a second home but can we write off the sales taxes that we paid when we purchased it?

2007-03-29 18:23:53 · 3 answers · asked by Anonymous in United States

I've already filled my taxes and discovered that I received nothing back from state. Since I worked in Ohio from January 2006 to May 2006, but live in California, and I don't claim residency in Ohio, does this mean that I loose all of the money that I paid into Ohio state tax??? Please help. Thanks.

2007-03-29 18:09:09 · 3 answers · asked by Anonymous in United States

2007-03-29 17:54:18 · 5 answers · asked by stepenezy 1 in United States

2007-03-29 17:52:36 · 8 answers · asked by sebesul-de-jos 1 in Other - Taxes

why is the age 59 1/2. what was the purpose for that age? why not and straight up 59 or 58?

2007-03-29 17:45:45 · 3 answers · asked by m_crnkovich 1 in United States

While divorcing we file married filling separate. She asked me for my SSN for her tax purposes and I dont want to provide it. What options do I have?

2007-03-29 17:42:09 · 8 answers · asked by sebesul-de-jos 1 in United States

I aquired a tax debt while single and am in collections currently (An installment agreement). I got married 3 years ago to a woman who has been a full time grad student from the beginning and has not earned enough to have to file taxes in those 3 years. She has insisted that we file married but seperately because she is afraid of collection actions against her because of my tax debt but because of this we are losing the tax benefit of filing jointly thus gaining more credit each year toward my debt (I've been filing 0 dependents and having the max tax taken out of my paycheck to get the highest returns which the IRS applies to my debt). We may have an opportunity to submit an offer in compromise soon and put this behind us. Should she fear bad credit, a collection action against her, etc if we change our status this year and possibly amend the previous years we been married to exellerate the reduction of the debt before and until we apply for the OIC?

2007-03-29 17:33:32 · 5 answers · asked by mog_ron 1 in United States

I (a green card holder) have a joint account with my parents (non US citizen/non resident) in a foreign country (who does not tax interest income). My parents have put money into the bank (but not me). I would like to know is the interest taxable? If so, how to determine the exchange rate? Also, is being a joint account have an effect on the amount of interest I paid (e.g. with a joint account with my parents, will I consider my portion of interest incoming being 1/3 of the total)? Thanks.

2007-03-29 17:10:45 · 3 answers · asked by linki1 1 in United States