Taxes - April 2007

does the IRS check the social security number of dependents to make sure they have not been claimed by another person before they accept the return?

2007-04-23 12:08:21 · 9 answers · asked by Anonymous in United States

She lives with me full time, has no income, and I fully support her. Up to this point I've never claimed her but I've been told I can.

2007-04-23 12:06:45 · 6 answers · asked by cjm 3 in United States

I will be making 320$ a week but only for the summer i know about the 5120$ rule but its only for the summer am I still eligible?? and if not what is the best option for filing my w-4 to get money back at the end of the year?

2007-04-23 12:00:47 · 3 answers · asked by in4parbrad 2 in Other - Taxes

I know its a little late this year, but a friend told me I should file because of the EIC. But if I did not work, do I still qualify?
I do recieve child support from one child's father. Does this make a difference?
Thanks for your help!!!

2007-04-23 11:59:10 · 8 answers · asked by Anonymous in United States

I am currently doing my 2006 taxes online. I haven't received all my documents for my 2005 tax returns and keep requesting them but never have received them. Once they get here how do I go about filing for the year of 2005?

2007-04-23 11:49:53 · 5 answers · asked by Nisi 4 in United States

Can I get a refund from any of the two locations? How?

2007-04-23 11:25:16 · 6 answers · asked by massierch@sbcglobal.net 1 in United States

2007-04-23 10:52:25 · 6 answers · asked by lisa 2 in Other - Taxes

During the Boston Tea Party, the early americans through Tea into the Boston Harbor because of a 1/3 of 1% tax which they called "tierany." If 1/3 of 1% was unacceptable, what would they have said to 56%? Tell me what you think?

2007-04-23 10:51:23 · 9 answers · asked by Paul C 2 in United States

need a copy for a job i am applying for soon so i need copies from 2004-2006

2007-04-23 10:41:06 · 6 answers · asked by Amy S 1 in United States

I have a company that has the capital structure given below. If their tax rate is 30 percent, what is its weighted cost of capital?

Note: The first number is the book value. The second number is the market value. The percentage is the before-tax cost.

Bonds/Investmts
$1,000 $1,000 8%

Preferred stock
400 300 9%

Common stock
600 1,700 14%

2007-04-23 09:15:37 · 2 answers · asked by u2thunder 2 in Other - Taxes

2007-04-23 09:07:14 · 6 answers · asked by dropping_k 1 in United States

I did my federal and state income tax at the same time and have gotten my federal tax only.

2007-04-23 09:06:31 · 4 answers · asked by GirlyWorld 1 in United States

2007-04-23 09:03:02 · 4 answers · asked by sweet31jj 1 in United Kingdom

where do i get info about "Safe Harbor" i prepare taxes but am not familiar enough with this.

2007-04-23 08:58:19 · 4 answers · asked by Anonymous in United States

If you own an online retail business. Are the boxes that you use to ship your products to your customers an expense or cost of goods sold? Please only answer if you know about this stuff.

2007-04-23 08:26:57 · 6 answers · asked by Nicolleta 2 in United States

2007-04-23 08:23:53 · 2 answers · asked by jae1943 2 in Other - Taxes

Ok, so I am now being audited by the IRS due to a mistake that an investment company made when I cashed in on my 401K a couple years ago, For tax year 2005 I never received a 1099 for the disbursement, and when we called, they had the wrong address still listed. After multiple times we finally got the check, but no 1099. On the stub of the check it had the total amount, and texes, etc., so it allowed us to file our taxes.

Well, now it comes to find out that we claimed over 4k in taxes on the federal side, but it appears as if it was split between Federal and Massachusetts. Now they say we owe the IRS about 3k. I believe this amount may have gone to Massachusetts, even though we do not live there anymore, nor had we for the entire year. Florida does not have state taxes so we should not owe this amount.

Any ideas on what we can do to rectify this? Is it even possible to get the money back that was paid incorrectly to Mass?

2007-04-23 08:11:58 · 4 answers · asked by camcrazy08 1 in United States

I know that a student loan place can put a withholding against your taxes (and they'll take them), but the question I have is are they allowed to take ALL of your return? Or can they just touch the actual taxes withheld from your check? I'm asking because I'm not sure if I would still get my earned income credit.

2007-04-23 08:05:13 · 7 answers · asked by riderchick 4 in United States

Hi,
I received "1099" for few months of work done in California as contractor, I used to commute from Florida every week to work as contractor in California.

Do I owe income tax to Cal State in this case.

Am I considered as part year resident, even though I had no residence address in california.

Please advise.

2007-04-23 07:55:40 · 2 answers · asked by 1099_nonresident 1 in United States

Can an employer deduct up to 40% of someone's paycheck to satisfy a garnishment? I know there is a limit, but I don't know what it is.

2007-04-23 07:45:53 · 8 answers · asked by ROSANNE R 1 in United States

I know I could roll home sale profits tax free(at least for now) to the purchase of another home, but can I do anyting similar to roll it tax free to a college fund/IRA of anykind?

2007-04-23 07:41:32 · 3 answers · asked by Thomas M 2 in United States

I'm doing a position paper on whether a flat tax is a fair tax or not..... And I'm having a hard time finding information on this subject online.

I wanted to know where I could get any articles.... preferably magazine or newspaper articles..... in favor of the flat tax. I need to be able to quote them as sources.

opinions are welcome too. : )

Thanks

2007-04-23 07:35:24 · 4 answers · asked by Anonymous in Other - Taxes

2007-04-23 07:05:15 · 4 answers · asked by banuelos_k 1 in United States

I have been filing a joint return witch comes out at two deduction,,can I claim three deductions after I reach 78 years old

2007-04-23 07:01:13 · 3 answers · asked by ISHY6307 1 in United States

I recently got a settlement for a medical issue. Out of settlement I had to repay my insurance company for all payments they made regarding health care related to the settlement injury. Can I deduct this subrugation payment as a medical deduction for tax purposes?

2007-04-23 06:33:00 · 2 answers · asked by craig and freidia 1 in United States

2007-04-23 06:02:56 · 10 answers · asked by Anonymous in United States

2007-04-23 05:59:00 · 3 answers · asked by roderseb 1 in United States

2007-04-23 05:53:05 · 4 answers · asked by Chi Town playa 2 in United States

just wondering

2007-04-23 05:47:37 · 3 answers · asked by Anonymous in Other - Taxes

The story is we have always filed married filing jointly, but my husband is now self-employed, is it beneficial for him to file separately or continue to file jointly. He wants to be able to get self employed health insurance and you need to have an income of more than 10K a year. How would we save the most thru jointly or separately? NY, USA

Thanks in advance.

2007-04-23 05:35:14 · 6 answers · asked by ateema 2 in United States