Taxes - March 2007

2007-03-02 18:21:43 · 6 answers · asked by Vijay Soni 2 in India

I am in the military and have moved to three different states in the past four years, with my wife coming with me. She has worked in all three states and we are confused as to which state she is considered a resident of for tax purposes. We do not vote, she has a Connecticut driver's license, and we don't own any property. She is a civilian. That is all I can think of that may be relevant, but if there is something I forgot, send me a message. Thanks for the help in advance!

2007-03-02 17:46:33 · 4 answers · asked by jrobin330 1 in United States

My g/f moved into my fathers household with us last march/april when we found out she was pregnant. She kept her parents insurance through the pregnancy since we didn't get married. My dad wants to claim her as his dependent for last year, since she was a full time student for both semesters last year, which he has the right to do. But my g/f has a concern with her insurance thinking that her parents could get in trouble due to insurance fraud if someone else claims her other than them. Is this a misplaced fear or could it have bad consequences. She says her parents claim that they signed a paper for the insurance that she was living under their roof or something to the effect, which seems fishy to me. They have BlueCross/BlueShield if that will help you guys any. Any info would be appreciated.

2007-03-02 17:36:49 · 5 answers · asked by dlk 1 in United States

2007-03-02 17:27:06 · 4 answers · asked by Anonymous in Canada

2007-03-02 17:13:47 · 3 answers · asked by Sen 1 in India

My mother has total income of 35k and the nursing home costs over 50k. Is all of that 50k deductable?

2007-03-02 16:27:23 · 2 answers · asked by Jay D 1 in United States

In NZ the income tax works like this, fot the 1st $38,000 of annual salary you are taxed 22%, for the amount from $38,001 and $60,000 you are taxed 33%, for amounts over $60,000 the tax rate is 39%. Tax is automatically deducted by your employer each pay period. Does it work like this in Canada? I'm wanting to know the tax rates, etc.

2007-03-02 16:22:00 · 3 answers · asked by Anonymous in Canada

2007-03-02 15:25:22 · 1 answers · asked by kahala 2 in United States

I have a small IT consulting company in NJ. How do I calculate the employer tax to inform the percentage to employees.

2007-03-02 14:51:36 · 1 answers · asked by p k 1 in United States

I rent a large basement room that I am going to share with my baby when she's born. Would I still qualify for head of household, or do I have to the own property? I'm very confused by the term, and I don't want to file incorrectly next year. What does head of household encompass? Is it just the amount you pay for housing/utilites/etc., or does it include other expenses?

2007-03-02 14:50:00 · 8 answers · asked by tangyterp83 6 in United States

I am the successor trustee for a home in a revocable living trust. The home is in escrow. The funds will be distributed to 5 beneficiaries. What are the tax ramifications to the estate/ to the beneficiaries?

2007-03-02 14:46:22 · 2 answers · asked by John W 1 in United States

2007-03-02 14:36:04 · 7 answers · asked by ? 3 in United Kingdom

I earn all my income from foreign remittances. I have no other source of income. How do I calculate my income tax? What kind of exemptions if any do I get?

2007-03-02 14:31:26 · 3 answers · asked by Morni 1 in India

I have to file for 8379 due to my husbands child support debt (from his ex wife). Will this affect how long it takes to get my return if I e file? Will it affect the earned income credit we would receive? If it makes a difference, I made much more than he did last year, about 23,000 to his 6,000. Would I be better off filing by myself?

2007-03-02 14:30:14 · 4 answers · asked by cs 5 in United States

My wife and I live in FL, don't own a home and don't have enough deductions to itemize. I made about $29k last year and she made about 16k - can anybody help?

2007-03-02 14:28:29 · 8 answers · asked by JohnnyBeGood 1 in United States

I live my husband and my 8 yr. old son. I was the only one that worked last year. My daughter just turned 18 in April of last yr. and would like 2 know if i can receive credit for her? My total was 1,596.67. Federal tax withheld 13.75. Social Security 99.01 and for Medicare 23.13. State 1.44 and other 12.77. Can anyone help me figure out how more less will I get back on Taxes this yr?
I'm so sorry that I didn't not madd that my son is receiving 742.00 from SSI .
Please if you can help just answer the question and don't b cruel with your answers. Thank you

2007-03-02 13:45:28 · 8 answers · asked by Scarlet P 1 in United States

If I sell ABC company and buy XYZ company, am I paying income tax on my sale and then using the rest for XYZ? If I only buy a few shares, and I pay 12.99 per trade plus sales tax and income or capital gains, then how do make any profit? Had I better just do powerball with the other %99 of ameican serfs. Is this me hitting the glass cieling? Do I have to be born rich to make any money in this game?

2007-03-02 13:43:59 · 4 answers · asked by Anonymous in United States

It could be more!!!!!!!!!!!!

2007-03-02 13:42:58 · 5 answers · asked by tardis1977 4 in United States

My parents probably did not report the rent I paid them as income on their tax return. I am thinking of filing an amended tax return which includes the nonrefundable renter's credit.

2007-03-02 13:34:04 · 2 answers · asked by Anonymous in United States

2007-03-02 13:21:23 · 7 answers · asked by jon walker 1 in United States

Is the "primary beneficiary" of my IRA me, or is it the person who gets it if I die?

2007-03-02 13:09:52 · 3 answers · asked by heartscared 3 in United States

2007-03-02 13:02:00 · 3 answers · asked by LindaLou027 1 in United States

If on Social Security, over 60 years old, less than $4000. income, other than Soc. Sec.. Do I need to file tax returns this year? I'm allowed to earn $12,000. Is it necessary to file a tax return?

2007-03-02 12:54:10 · 8 answers · asked by grace 1 in Other - Taxes

I think there is 11% import duty but I don't know if any other taxes are payable.

2007-03-02 12:52:39 · 1 answers · asked by Anonymous in United States

I have read both publications 936 and 530 from the IRS on this. I see where closing costs are included in the basis of the home when you buy it but what about when you refinance? Is it deductible then and if so, where does it go on the tax return?

2007-03-02 12:43:00 · 7 answers · asked by Michelle 4 in Other - Taxes

My bank will not cash my check because I have an overdraft that is overdue. I need to get this check cashed so I can pay up my bills.

2007-03-02 12:42:39 · 4 answers · asked by John S 1 in United States

For a new home owner, what are tax deductible, besides 1 point and closing cost.........how about downpayment,

2007-03-02 12:37:04 · 4 answers · asked by Danemma C 1 in United States

With AGI of $80,000 with deductions for state taxes, margin interest and my travel per diem, I triggered the AMT adding an additional $8000 to my tax bill. This tax was intended for the very wealthy, not truck drivers as I am. Why me?

2007-03-02 11:53:25 · 4 answers · asked by Richard F 1 in United States

i sent in my taxes ,but forgot to apply for the federal telephone excise tax, is there a way that i can still apply for this?and if i can what form do i use?

2007-03-02 11:45:30 · 5 answers · asked by dan m 1 in United States

2007-03-02 11:45:08 · 4 answers · asked by Weetie 3 in United States