Taxes - April 2007

I'm relaxing in my hot tub sipping a glass of lemonade...I finished mine in January!!!!

2007-04-15 06:08:08 · 2 answers · asked by grandpasshithole 1 in Other - Taxes

During the period covered by the excise tax credit, I had DSL. It was provided by AOL, which went through the phone company (Verizon). Separately for nearly all of the covered period, I had long distance with Sprint.

If I could locate the bills from these services, would there be federal excise taxes on each or on just the long distance?

In mid-06, I switched everything to my phone provider (Verizon), but that doesn't help with the record-gathering.

I know I could just claim the standard amount ($50 for my family) but I wondered whether it was worth enough money to try to gather past bills.

Thanks!

2007-04-15 06:02:14 · 1 answers · asked by Stuck in the Middle Ages 4 in United States

2007-04-15 04:46:51 · 2 answers · asked by Eazy E 1 in Australia

I just wrote a check to the IRS for another $4000 in addition to what we have already paid. We pay almost $8000 a year in child support - and have paid faithfully for many years now. I am proud of the fact that we support our children. However, when it comes to taxes, most people do not realize the non-custodial parent does not get a deduction of any sort for these payments - even though it is taxed but never available to that person. Meanwhile, the custodial parent does not have to declare it as income and still gets to take all the exemptions and child credits. Consequently - most get a large refund each year. The only way the non-custodial parent can claim their children is if the custodial parent agrees to let them do that - and that rarely happens. Do you think the IRS should allow fathers to take child support payments as a deduction? Do you think there might be fewer "deadbeat dads ( or mothers)" if the IRS would offer some incentives to those who pay?

2007-04-15 04:41:18 · 4 answers · asked by arkiemom 6 in United States

2007-04-15 04:24:45 · 3 answers · asked by Carlos G 2 in Other - Taxes

2007-04-15 03:18:30 · 4 answers · asked by zoheir m 1 in United States

Or when I send the extension, do I have to send a payment schedule for the balance?

2007-04-15 03:17:22 · 3 answers · asked by newhampshirejxn 1 in United States

I always file my current taxes online. I found an error in my favor on my 2005 taxes and I'd like to refile online. Does anyone know of a website available?

2007-04-15 03:13:24 · 4 answers · asked by keenguy 2 in United States

2007-04-15 03:02:37 · 2 answers · asked by thasenthil 1 in United States

I had small personal business.I used my social security number for tax purposes. My partner has deseased. Now I owe about 260,000 dollarars.Did not file tax returns since 1999. Trying to file chapter 13 . With almost no money. Help. Can federal tax,s be erased. Talked to a attorney once, he said yes you can ,but onyl once in life. My present attorney says no you can not. For more reasons then one I feel I have the wrong person to represent me. I am afraid to change for loosing money already spent.This arrorney does not have my best intrest in mind . He took case Knowing I did not have cash up front.Said he would use property to get paid. Now every thing is cash, of which I don,t have much. Now anyway.I have property in my name and mothers name who passed away reciently and did not leave a will. I have three sisters and a brother. Attorney is going to try to make me executor, then liquidate assets. I don,t know what he is doing until last minute . I a Need Help.

2007-04-15 02:58:45 · 10 answers · asked by frostman 1 in United States

In 2005 I had a large amount of income (really large), however because of Accounting delays, I only made my initial Federal and state payment for this large 2005 tax in January 2006, I filed an extention in April then in September 2006 made the final payment. I paid $10K+ to the state of NJ, because my gain was from a corporation there, I do not live in NJ. My question is: since I made the payment in 2006 for my 2005 state taxes, should I be putting this amount ($10K+) of 2005 taxes paid in 2006 in Schedule A, line 5 of my 2006 1040 return... ?
That is how I read the instructions for the 1040 schedule A (page A-3, left column on the bottom), but it seems that this would take the $10K straight off my federal tax bill, and the feds would owe me money.... is that correct??

Doesn't seem right to me...

Thanks in advance

2007-04-15 02:49:26 · 4 answers · asked by thevoiceofreason2b 5 in United States

2007-04-15 02:47:04 · 4 answers · asked by Anonymous in United States

That is when you are 65 and older if so how much in percentage?

2007-04-15 02:41:28 · 5 answers · asked by Ronald B 1 in United States

2007-04-15 02:29:30 · 6 answers · asked by klw2000 1 in United States

not filing through payroll checks, but not doing a yearly filing

2007-04-15 02:26:29 · 4 answers · asked by Anonymous in United States

If so would it be in an itimized section? Where would I find it?
My son has had strept throat twice and I had a partial miscarriage procedure and had to get that taken care of . also what about for medication such as amoxicilan, or any other out of pocket expenses that were perscription drugs.

2007-04-15 02:24:12 · 5 answers · asked by blazing_fire 4 in United States

Have lived and worked in Ireland for 5 years. Never worked in US for those 5 years.

2007-04-15 02:10:40 · 5 answers · asked by Julie 1 in United States

I noticed my written check record was $45 less than tax required payment but am not sure the check was wrong. Do I send another check to be on the safe side? This is my 1040v tax return for 2006.

2007-04-15 02:08:17 · 7 answers · asked by antique girl 1 in United States

Graduate school, I provided most of her support. she did not file for she had no income.

2007-04-15 02:05:39 · 6 answers · asked by LEON A 1 in United States

My income is half from Social Security and half from the Department of Labor. Department of Labor is TAX FREE, and that make my Social Security under $15,000 a year, when I went to the Tax Prepairor, she told me my income was so low that I did not need to file Federal Tax. Was I told right and if not, how can I correct this problem without going to jail.

2007-04-15 01:57:46 · 8 answers · asked by gil3moj@yahoo.com 2 in United States

2007-04-15 01:42:25 · 10 answers · asked by buffalothomas1954 1 in United States

How do artists figure their taxes? How do they classify their income and what forms do they file? I've tried to figure it out and it seems quite complex. We are both artists and are not a corporation or business exactly because our art income isn't that substantial.. mabe $4,000 a year in sales. However there are expenses.. and of course you can deduct a certain percentage of your rent ..I believe. Actually probably what would work best is a low cost tax service for seniors. Any thoughts or ideas. I've priced tax people and they want to start with $250.00..

2007-04-15 01:22:38 · 7 answers · asked by Oldtimer27 2 in Other - Taxes

2007-04-15 01:22:11 · 8 answers · asked by Killa S 1 in United States

This year I heard you are able to mail it until monday since the last day of taxes ends on Sunday, is true? And if not what can happend if they are not mailed out by then?

2007-04-15 01:17:40 · 6 answers · asked by Anonymous in United States

I am a private software/hardware contractor trying to save money on my taxes. I bought about $3000 worth of stuff on December 30 and 31st of 2006 so that I could write them off of my 2006 taxes. (With Section 179, I can deduct all $3000 off of 2006?) Is it a good idea to send in copies of these receipts with my tax filing just in case the IRS gets suspicious?

2007-04-15 01:06:34 · 9 answers · asked by John W 1 in United States

your taxes by Monday say you did it Friday what will happen?

2007-04-15 00:28:52 · 3 answers · asked by Anonymous in United States

I am thinking about relocating because N.C. has a hugely unfair tax system ie; personal, local, state. (IT seems to me that the sheep -(taxpayers) are happy to give and give and give.)
I was looking at Tennessee, or South Carolina (leaning towards the former) Maybe Texas but I think the property tax is getting a bit high.
Please be nice.

2007-04-14 23:41:15 · 3 answers · asked by Anonymous in Other - Taxes

You might want to call and ask NASE's tax accountants about this. It doesn't suprise me I've gotten negative comments about this deduction. Most CPA's don't know about this. Or call the IRS about this yourselves. Just because you are a licensed CPA doesn't mean you know everything. You people can make mistakes - like the CPA at H&R Block last year who did my taxes! She's been a licensed CPA for over 25 years and still made a mistake. That's right "my people" screwed my taxes up last year. CPA's aren't perfect. Will somebody just call NASE and ask and see or hear for themselves. Every accountant I've enlightened with this information has reacted the same way until they saw or heard it for themselves. I'm not saying that you need to go out there blind-folded; but does it hurt to ask? There are certain criteria you must meet - just someone call. It's called an Association 105. Please, someone just do it and see what they say and then get on here and write what they say, please?

2007-04-14 22:31:24 · 2 answers · asked by Tracey C 1 in United States

2007-04-14 21:53:22 · 3 answers · asked by bitty 1 in Other - Taxes

my wife made 800 last year, and paid no fed taxes...this is our only income....we have two minor kids...should we file?.. if so how should she file?

2007-04-14 20:58:24 · 3 answers · asked by Anonymous in United States