Taxes - March 2007

$4,000 limit

2007-03-07 09:59:20 · 3 answers · asked by MH95131 2 in United States

I have been able to determine the Federal Excise Tax on my past Sprint, MCI, and Cingular bills but I am not quite sure about my past SBC/ATT bills since they do not use the word Excise on the bill.

Now before anyone tells me to take the standard credit or starts copying and pasting from the IRS website, let me save you the trouble. With the 3 carriers listed above, I am already well above the standard credit (not to mention you cannot claim interest on the standard credit) and have read the IRS's "Telephone Tax Refund Questions and Answers" document thoroughly. I know the time frame allowed, I know that the Excise tax has to apply to Long Distance charges (unless it is a bundled service where the tax is not broken a part for local and long distance). There is a portion of the IRS document that says to look for phrases such as Federal, Federal Excise 3%, Federal Excise @ 3%, Federal Excise Tax, Federal Tax, Fed Excise Tax, and FET.

2007-03-07 09:57:52 · 3 answers · asked by Scottee25 4 in United States

I did not make my tax on 2005,should i do it with 2006,add them together or seperatly?.
how i get free online tax prepare?.

2007-03-07 09:36:57 · 3 answers · asked by athir7388 1 in United States

if i owe back child support and resatuion can they take both state and fed from me? i live in mn

2007-03-07 09:21:59 · 3 answers · asked by kellyarchambeault 1 in Other - Taxes

Use of tax form 5695 and an example of.

2007-03-07 09:16:58 · 2 answers · asked by h.h.murrell@sbcglobal.net 1 in United States

Do I need to claim what support payments I have received on my Tax return?

2007-03-07 08:57:57 · 7 answers · asked by Anonymous in Canada

2007-03-07 08:41:14 · 15 answers · asked by Anonymous in United States

i received a w-2 for my child, along with others, but we cannot figure out what company this is from. she doesnt remember working for anyone else last year.

2007-03-07 08:37:41 · 5 answers · asked by jon g 1 in United States

I use my vehicle for a lot of my business. I traveled roughly 10,000 miles last year. I graduated in May from college and have paid 600 in interest. I can not think of many deductions I have left out. Any suggestions or help is appreciated.

2007-03-07 08:15:27 · 5 answers · asked by Evan W 2 in United States

We bought a new house on the 1-5-2007. It did not come with a fridge ,so we had to buy one. I still have the receipt.

2007-03-07 08:12:20 · 7 answers · asked by april c 1 in United States

2007-03-07 08:01:29 · 3 answers · asked by stefanostl2003 1 in Other - Taxes

In the Irs form 1040 they use to give an exemption to people whoi are over 65 now I dont see that . what happened top It?

2007-03-07 08:00:42 · 6 answers · asked by nagaraja_98 1 in United States

This would involve an amount over $20,000

2007-03-07 07:54:41 · 1 answers · asked by Max B Good 2 in United States

Every bleeding heart liberal I've ever some accross has always told me that rich people should be taxed a higher percentage of their income because they need to pay their "fair share." What is a fair share? If the income tax system taxed everyone 15% of their income, would the rich be paying less than the poor? if the poor paid a higher percentage of taxes than the rich, wouldn't there be a public outcry? then why is there none when some of the extremely rich in America pay close to half of their incomes in taxes? Again, if you're going to rely on arguments that call upon emotions or feelings, don't bother to post. I want good, solid, fact-based and logical arguments. No rants.

2007-03-07 07:53:57 · 6 answers · asked by witdfk 3 in Other - Taxes

2007-03-07 07:46:32 · 7 answers · asked by ms janice 2 in United States

I am thinking about working for a non profit organization, however, the pay is very low (about 20 grand less then I should recieve)

I'm trying to balance the pros and cons: and was wondering if there was any tax laws I might be able to benifit from for working for a non profit?

Thanks!

2007-03-07 07:41:21 · 4 answers · asked by Tavern M 1 in United States

i have yet to recieve one of my w2 forms from a previous employer. can i get an extention? if so, how would i do that?

2007-03-07 07:40:36 · 6 answers · asked by melelisi 3 in United States

2007-03-07 07:32:35 · 4 answers · asked by anchorali2001 1 in United States

Hi

I filled in my P91 and i sent it back. Ive been told by my new employer that i will get some form of rebate.

But how do they work it out??

I left my previous job at the start of october, became self employed until Jan and then started this one at the end of feb.

it would be nice how they work it out and get a rough figure on what i could get back from them ( i will cherish the moment forever!!!)

Regards

Richard

2007-03-07 07:07:57 · 4 answers · asked by Rich G 1 in United Kingdom

2007-03-07 06:55:07 · 3 answers · asked by RAYMOND J 1 in United States

does that mean enter the amount that they got back or the money that they had to pay or what?

2007-03-07 06:45:47 · 3 answers · asked by Anonymous in United States

do the fuel expenses have to be paid by a business credit card? What if they have been paid out of my personal bank account? Can I still claim them as a deduction?

2007-03-07 06:27:07 · 4 answers · asked by M 2 in United States

I'm sure there are lots of free online filing sites to file for '06 tax, however, which one would be the best if I wanted to file tax with stock investment gains? I've been filing with Turbotax for few years, however, they want me to upgrade to the premiere version if I need to enter my stock gains/losses. So far, I'm down to OLT.com. Any suggestions?

2007-03-07 06:21:19 · 5 answers · asked by Anonymous in United States

2007-03-07 06:06:07 · 1 answers · asked by mark m 1 in United States

2007-03-07 06:05:05 · 3 answers · asked by Sunshine 1 in United States

The existing sole proprietorship made big profits in 2006. I started a similar business in the last quarter of 06 configured as a corporation (for liability protection). I did not choose s-crop or llc--my mistake. The losses and start-up costs generated by the corp apparently do not offset the profits of the SP.
What are strategies for me at tax time? Can I dissolve the corp, and treat it as a SP for 06? Can any of the expenses be moved around as if to share the burden? Apparently this would have been the case if the new business was a SP.
HELP!

2007-03-07 06:02:53 · 4 answers · asked by jaliscokid 2 in United States

This is my first time filing so I don't have to fill out line 65, right?

What should I put, if anything, in line 75?
How do you figure out what to put in line 75?

What is the point of this estimated tax business?

I'm not getting a refund. The amount I owe is less than $100. I suspect my 2006 income to be very different from my 2007 income.

2007-03-07 05:57:53 · 4 answers · asked by Paper M 1 in United States

I am a full time student working part time in a university. That means my wages from the university are not supposed to be subject to social security and medicare taxes. The people in human resources admitted that it was a mistake, but refused to give me the money back from last year. I'm pretty sure I need to fill out form 843, but I don't know if I need to fill out any other forms, or what evidence I should send in with those forms. Also, do I need a corrected W-2 form to show that these wages weren't subject to social security and medicare?

2007-03-07 05:57:36 · 7 answers · asked by INeedANap 3 in United States

My income is totally based on disibility,social security,and veterans administration.I was told by finiicial advisiors that I am not responsible for any taxes.Is this correct.Thank you.
r.chadwell

2007-03-07 05:37:03 · 3 answers · asked by ronald c 1 in United States

I understand they are pre-taxed. Does that mean the bank where they open the account fills out a form at account openening and with all contributions to tax it then, or is it up to the IRA holder to figure that out? Also, when the IRA holder dies, does the beneficiary have to pay any taxes on the money? Wether it be income tax or estate tax.......

2007-03-07 05:35:35 · 4 answers · asked by jessica s 2 in United States