Taxes - April 2007

Can the CPA find some little known tricks of the trade to help you legally pay less tax, assuming you already followed the software properly on your own? Example: TurboTax, TaxCut, TaxAct.

2007-04-19 04:30:02 · 4 answers · asked by breadbox 1 in United States

filed without showing unemployment benefits, lost the stub and the unemployment benefits letter. Is there anyway to fix it? Please help?

2007-04-19 04:26:32 · 8 answers · asked by venus11224 6 in United States

whats the differencee between the taxes you pay when you hold stocks, and the difference between the taxes you pay when you dont hold stocks? (im talking u.,s tax law.)

2007-04-19 04:25:42 · 3 answers · asked by fonovitrea 3 in United States

I by mistake put 2000 instead of 4000 in Traditional IRA

plus I also forgot to mention tax preparation fee as deduction

Can someone help? I would appreciate your help.

2007-04-19 04:16:16 · 6 answers · asked by Lover23 1 in United States

What is the address in Kansas City that I can send my taxes too? I always send them there but don't have the address on file! Please help. And yes I know there late! P.S. this is for a business ups will not send them without a complete address inculding street address.

2007-04-19 04:13:18 · 9 answers · asked by emely o 2 in United States

on the other hand the parent receiving child support does not pay taxes for the child care money recived so he or she is making good money not paying taxes and receiving money for expenses. also this parent can claim the child as a dependent so more money.

2007-04-19 04:12:27 · 8 answers · asked by kumis 1 in Other - Taxes

2007-04-19 03:51:05 · 2 answers · asked by regine millien 1 in United States

I have a friend that did her federal income tax return but did not do her state income tax return ~ a couple of questions on this:

~ What will happen to her? Will she get in trouble, like being put in jail?
~ Can she still file beings that it's past the deadline?

Thank you for your responses, ahead of time!!!

2007-04-19 03:42:37 · 3 answers · asked by mpt1110 1 in United States

There are a class of people who file their returns on the last day, because they think that they will escape the eyes of IRA ...Is it tru? They que the post office on the last day.

2007-04-19 03:35:59 · 4 answers · asked by nvp 3 in United States

Normally if you are long a dividend-paying stock, you GET the dividend paid TO you. But if you are short a dividend-paying stock, YOU have to pay your broker that dividend. I know when you EARN a dividend while you own the stock you file that on your taxes as dividends earned. But where do you file/claim for dividends PAID on your tax return when you happen to be short the stock and have to PAY the dividend?

2007-04-19 03:14:54 · 4 answers · asked by breadbox 1 in United States

I won a free trip in which the approx. cost is $5000.00. The catch is that the only thing that is to be paid are the taxes for the trip. I make $35,000 a year ( which I think puts me in the 25% tax bracket) how much would I be looking to pay ? Please help! Thank you!

2007-04-19 03:09:37 · 2 answers · asked by KLM 2 in United States

after the year is up

2007-04-19 02:44:15 · 8 answers · asked by barbara b 3 in United States

I see the IRS has a table to look up the STATE sales tax based on your income range. But what if you live in one of the UNLISTED states, then how to you know what number to use for the "Local general sales tax rate?" Many states have A, B, or C listed under the local section, but many states aren't listed at all. Please explain, with links if possible.

2007-04-19 01:14:03 · 5 answers · asked by breadbox 1 in United States

And how to submit ETDS returns

2007-04-18 22:09:06 · 2 answers · asked by Madhu Tirumala 1 in India

The tax code is so complicated and here is one example. please help. My sister is a Canadian Permanent Resident but she is coming to US to study as F1 student. I will provide support for her but I am not sure if I can claim her as my dependent on the tax return. Here is what I got from IRS web site:

"You cannot claim a person as a dependent unless that person is a U.S. citizen, U.S. *resident alien*, U.S. national, or a resident of Canada or Mexico"

1) F-1 students are generally treated as *nonresident* alien with the first 5 calendar years; However
2) my sister has been Canadian resident which seem to meet the citizenship test

Since the paragraph says "or" - I guess my sister meets the resident of Canada category? There is no explanation or anything to define :resident of Canada". Any pointers to articles or IRS publishes or answers are appreciated.

2007-04-18 21:38:13 · 4 answers · asked by whorl1quote1 1 in United States

2007-04-18 20:22:37 · 7 answers · asked by timambrozic 2 in United States

2007-04-18 19:57:29 · 1 answers · asked by Scott Q 1 in Other - Taxes

I want to be able to pay my sales reps a flat commission of $120 per sale. How do I set it up so the proper taxes are deducted from the commission check, but the rep recieves $120 (not $120 without taxes deducted)

2007-04-18 19:38:53 · 5 answers · asked by dgil0109 2 in United States

OK, so I know that I can use gas as a tax write off for my small business as long as it is used for my business, right?

What about the actual car payment?

2007-04-18 19:36:51 · 4 answers · asked by MrsBossy 1 in Other - Taxes

How do i provide proof of a sale amount? Should i mail reciept with the product and keep the carbon for my records or keep printouts from ebay??

2007-04-18 18:40:57 · 4 answers · asked by Anonymous in Other - Taxes

I am a US citizen and currently receiving grants becouse of low Adjusted Gross Income. Some of my friends in Turkey make money from their websites and receive these money via Paypal. They asked me to take out the money from Paypal and to wire the money after taking some commision.

Here are the questions:

Will I need to pay tax for the whole amount if I take out their money from Paypal and send them after taking some commision from the money? Also, do I need to pay tax for the whole amount or just for the commision? Will it effect my AGI, because I do not want to lose my grants.

Thank you.

2007-04-18 18:14:44 · 3 answers · asked by veni vidi vici 2 in United States

Anyone have any info on this? Is the paperwork easier than in the US? Any complaints?

No one in the world likes taxes. The people in the US have it worse because of the headaches the get when dealing with them.

2007-04-18 17:44:26 · 4 answers · asked by Anonymous in United States

2007-04-18 17:05:38 · 5 answers · asked by Joel R 1 in United States

I wanted to sign up for direct deposit for my taxes and realized I didn't put my entire account number in the boxes... I know that this will only delay my return and I still will get it... but I'm getting anxious about getting the money as I have unplanned bills that I just received and would like to see if I can get the money as soon as possible.

2007-04-18 16:57:20 · 3 answers · asked by Anonymous in Other - Taxes

2007-04-18 16:56:29 · 3 answers · asked by winn3388 1 in United States

2007-04-18 16:45:09 · 5 answers · asked by plug 1 in United States

or just write in "0" ? i'm trying to help my son fill out his personal allowance form and can't remember how that goes. t.i.a. for your answers.

2007-04-18 16:44:19 · 6 answers · asked by shyanne 5 in United States

2007-04-18 16:39:55 · 4 answers · asked by mrbatty 1 in United States

Most come backs for having a gun is 'its for self-defence' but most of those people who say that threaten or/and kill randoms, or to get revenge eg. The killing in the unervestity on Monday!

2007-04-18 15:37:24 · 7 answers · asked by Shaza 1 in United States

I can't seem to find what the interest/penalty is for paying 1040 ES payments late. Is it a flat percent whether its paid 1 day late or 2 months late?? any help is appreciated.

2007-04-18 15:24:06 · 4 answers · asked by shellkay13 2 in United States