Taxes - April 2007

I have a relative in deep do do, he is disabled and on SSI and SSD. He tried to work but got laid off. He is limited in income. I can't help because I am medically disabled.
He financed the car through a Bank. Then the loan got sold to a finance company. He stopped paying. The finance company repoed the vehicle and claimed a loss on the loan, charging the vehicle off.
The IRS is saying the loan is considered "a debtors income" and he is being subjected to paying $2000 dollars to the IRS

2007-04-17 03:21:50 · 2 answers · asked by carpenter_duane 2 in United States

2007-04-17 03:12:57 · 5 answers · asked by Carlo 1 in United States

2007-04-17 03:11:40 · 7 answers · asked by dullerd 2 in Other - Taxes

If I am self employed and being paid with a 1099 and have to start paying estimated taxes, can I still pay them if it is after 4/15/07. Can they be paid late? This is the first time I have ever had to do this.

2007-04-17 03:11:06 · 5 answers · asked by Anonymous in United States

My accountant said that the IRS has extended the filing date for another 2 days till the 19th. Is this true? I can't find anything that says it is true.

2007-04-17 02:55:08 · 5 answers · asked by Kristy 1 in United States

2007-04-17 02:42:07 · 2 answers · asked by lem11049 1 in United States

I paid her last year to do our taxes and we had no problems. This year I paid her 200 dollars and now i can not get in touch with her. She has posted private property signs all over her yard and her phone is not working, 5 called he police to meet me at her house and no one answered. The phone numbers that the police gave me the people that answer say its the wrong number.
I dont even know if my taxes have been filed. What do i do? I need to know so that i can do my own taxes if i have to

2007-04-17 02:00:36 · 6 answers · asked by Kimberly G 2 in United States

I just started a business effective March 1, 2007. Do I need to file the 940---or whichever is the quarterly one...for the first quarter of this year?

2007-04-17 01:36:13 · 3 answers · asked by thebrockmillionaire 3 in United States

2007-04-17 01:04:51 · 3 answers · asked by Memphis Mark 1 in Other - Taxes

2007-04-17 00:56:54 · 3 answers · asked by john e 1 in United States

I got married last year and received about 8000 us dlls in cash and checks as presents from family memebers who could not come to the wedding. Do I need to include that om my tax return? Plus I earned nothing else since I did not work for the entire year.

2007-04-17 00:50:31 · 5 answers · asked by DulceCaro 1 in United States

I am 16 and live in Wisconsin.
I just got my first job and I have to fill out some forms for the company. they ask me if im Tax Exempt. Am I? and is my W-4 status single? and do I have allowances? please help!

2007-04-17 00:45:57 · 3 answers · asked by Fletch 1 in United States

and ive thrown out my book. what is the earned income tax credit for a head of household with 2 qualifying children whose income was $16120??? thank yall.

2007-04-17 00:40:47 · 4 answers · asked by starla 3 in Other - Taxes

I have to file California state tax 540NR. Since I am not a CA resident I have to pay taxes on income "from CA sources". I have received interest and dividends from E*Trade. Is that "from CA sources"? How do I know if income shown on 1099DIV statements are from CA sources?

2007-04-16 23:28:14 · 2 answers · asked by Manfred 1 in United States

Hi. I thought that the deadline for filing for a federal tax extension, and the dealine for the california state extension were the same. Then I heard from someone that they're not, and that the CA extension had to be filed a day earlier. Is this right? I'm not sure what to do now. Also, is it possible to file a california extension a day late (4/17), or can I just not file an extension now? If it's too late, what will the penalties be? Unfortunately, I do owe money, although not a lot. Thanks!

2007-04-16 22:17:32 · 2 answers · asked by Jennifer in CA 2 in United States

how do I get w-2 wage and earnings statemnt off of the inter net for the 2006 income tax year?

2007-04-16 21:38:08 · 4 answers · asked by Anonymous in United States

what kind of taxes am i looking at paying seeing that i have
to be overseas for one year to be tax exempt..

2007-04-16 20:55:01 · 1 answers · asked by clifton w 2 in Other - Taxes

2007-04-16 19:36:41 · 6 answers · asked by Anonymous in Other - Taxes

2007-04-16 19:24:28 · 7 answers · asked by jeralmquist125 1 in United States

I have a 8-5 job and a sole proprietorship business. I'll be reporting the proceeds from the business as personal income. I need to file for extension. Are there separate extension forms or do I use Form 4868?

2007-04-16 19:07:22 · 2 answers · asked by worried 1 in United States

I am entitled to refund. Do I need to file for extension and is there any penalty?

2007-04-16 19:04:48 · 7 answers · asked by worried 1 in United States

Taxes

2007-04-16 18:34:25 · 2 answers · asked by fah q 1 in United States

Would you rather have taxes taken out of your pay check everyweek, like it is now? or Would you rather no taxes taken out of your pay check and have a high 18-20% sales tax on all items?

2007-04-16 18:17:31 · 4 answers · asked by ? 2 in United States

I have a friend who has been on Temporary disability for several years and has 2 children under 17. Her income is 204 per month (2448 per year) from assistance, and her housing is free from the voucher program, but she has no help for medical expenses and no ability to get a job because of having no money for transportation. Is she able to file taxes and get the Child tax credit even if her income is so low? Is her income even reportable as taxable income?

2007-04-16 18:16:15 · 6 answers · asked by truthsense 1 in United States

2007-04-16 18:07:17 · 2 answers · asked by JAXXIE 2 in United States

Looking at a K1 form from an S corporation..... whats the amount i own tax on ... The dollar abount under Investment income ?

2007-04-16 18:05:03 · 1 answers · asked by Anonymous in United States

2007-04-16 17:56:26 · 7 answers · asked by ♦ Phoenix Rising♦ 6 in United States

the standard milage tax deduction, home offfice deduction, and of course some business expenses ( meals, office supplies, etc.) Do I need to include my mileage log, utility bills, and receipts of every single business expense with my tax return? Please help...Thanx!!!

2007-04-16 17:32:32 · 2 answers · asked by Adriana A 2 in United States

My wife works in a church office...on her W-2's there is both Social Security and Medicare withheld....do I still need to fill out Schedule SE?? The definition of a "church employee" in the form's directions state that the employee works for a church with a certificate making it exempt from social security and medicaire taxes...I am assuming that since they have been taken out, that she doesn't qualify...is that right?!?!
thanks!

2007-04-16 17:25:35 · 1 answers · asked by Mustardayonnaise 1 in United States

2007-04-16 17:20:12 · 2 answers · asked by babygirl143_dk 3 in United States