Taxes - April 2007

I am preparing my taxes. i am a self emplyed; and have a lot of coffee while in the street in between projects, often lunch and even dinner when i finish to work very late after meetings.
Is that consider %100 deductible meals or %50?Please help

2007-04-11 21:15:47 · 3 answers · asked by Patricio T 1 in Other - Taxes

It's weired and funny to some extent....

2007-04-11 20:02:22 · 6 answers · asked by Lover23 1 in United States

I worked the first half of 2006 as an independent contractor, but switched jobs in September and have a W2. I know that i'm supposed to report the self-employed income on 1040, schedule C, but am also supposed to fill out 1040 for my W2 job.

How do I combine the two for all of 2006? Is there anything special I need to do? Any other forms?

Thanks!

2007-04-11 19:47:22 · 4 answers · asked by annabanana4883 3 in United States

Does the IRS need a copy of my 1099-MISC (that I used to claim nonemployee compensation)? I couldn't see anywhere that it asked me to enclose it with my tax return.

2007-04-11 19:24:10 · 1 answers · asked by city_savvy 2 in United States

got it in 1997 sold it last year

2007-04-11 19:22:25 · 3 answers · asked by johnnysheetrock@sbcglobal.net 1 in United States

2007-04-11 19:05:25 · 4 answers · asked by Anonymous in United States

I exercised hoping to start the clock for one year to get long term capital gains, but now fear a hefty AMT tax for 2006. Do I owe that if I never sold anything?

2007-04-11 18:20:05 · 3 answers · asked by seve 1 in United States

My father-in-law put all of his children's names on the home he built in Greece before he died in 1979. Some family members still reside in the house. Are there any annual U.S. reporting requirements for my husband's portion of the ownership of the property? Is the property considered to be a Foreign Trust?
Thanks for any information.

2007-04-11 18:16:43 · 1 answers · asked by DetailSpaz 3 in United States

I am using taxcut.com and doin' it myself (again...zzz) and for the past few years I've owed a lot more state tax than federal -- this year Illinois wants four times as much as federal! Am I doing something wrong here? This doesn't seem to add up. Any words of wisdom appreciated :)

2007-04-11 18:02:26 · 6 answers · asked by fozzydog 1 in United States

What do I need to do to correct my last name on my tax return I already filled?
I put down my husband's name, but I actually use my maiden name on other legal documents.
Can I simply call IRS?

2007-04-11 17:49:18 · 4 answers · asked by sam 1 in Other - Taxes

I have a friend that has parents that have over 4 million dollars in their estate, they need to know how to protect it from the IRS getting most of it. The domicile is in Arizona and also need to know which state law will preside over the estate.

2007-04-11 17:41:31 · 6 answers · asked by kcmoore1980 1 in United States

I'm a college student (and accustomed to filing 1040EZs), but this year I made $1,000 in nonemployee compensation (box 7 of 1099-MISC) just from bookkeeping a few hours a month for a small non-profit that didn't want to put me on their payroll.

Can I put this on line 21 of the 1040 (other income) or am I totally screwed and have to do all the Schedule C and SE crap?

2007-04-11 17:31:23 · 6 answers · asked by city_savvy 2 in United States

As a server, does the law require that you declare 100% of your tip income? My employer has said to claim 10% of my sales (almost 100%) and I am just curious what the law is. I am not concerned with fudging, I just want to know if employer's have a say, or choose a standard, and what the IRS says.

2007-04-11 17:25:27 · 4 answers · asked by Mia 1 in United States

I have made quarterly payment but am unsure of the total. Is there a way to find out before I file my final return?

2007-04-11 17:10:29 · 3 answers · asked by KaseyMoe 3 in United States

I was planning on filing a 1040EZ, but I can't find a place to claim my "Nonemployee compensation" from box 7 of a 1099-MISC. I don't have a sole-prioprietorship by any means, I'm just a part-time bookkeeper that a tiny non-profit company didn't want to put on their payroll for some reason. What should I do?

2007-04-11 16:59:31 · 7 answers · asked by city_savvy 2 in United States

she has no social security number, but she has an ITIN number.

2007-04-11 16:54:14 · 5 answers · asked by Baxter M 1 in United States

I think I earned about $90 on my 401K portfolio from my summer internship. Do I claim that and if so, where?

2007-04-11 16:52:27 · 6 answers · asked by city_savvy 2 in United States

Oh man, stupid question resulting from a stupid mistake, which all gets stupider the more I think about it.

I e-filed my state return and was pondering my refund amount. It seemed like too much. So then I realized I might've messed something up. I moved WITHIN state in May 2006. So when I was filling out the state return, it asked my school district and I put in my current school district and I marked that I was a PART-YEAR resident of the district, which is true.

But now looking at the regular mail-in form (not e-file) I realize they wanted to know my STATE residency, not school district, which would have been the full year.

So I filled out an amended return, thinking it would reduce my refund amount because maybe the e-file program gave me a credit for my (erroneous) part-year residency.

But I don't think I got any credit, because the difference between original and amended returns is $0. I still get my original refund, right? "$0" isn't my new tax due/refund amount?

2007-04-11 16:30:25 · 4 answers · asked by maxximumjoy 4 in United States

2007-04-11 16:21:40 · 6 answers · asked by Richard S 1 in United States

I live in washington and was wondering if any moms out there knew if I can can get the Earned income credit for my taxes?

2007-04-11 16:05:18 · 6 answers · asked by Marina G 1 in United States

I have non-employee compensation on a 1099-MISC form. Where do I claim this income on my 1040EZ? Or do I even have to?

2007-04-11 16:02:17 · 7 answers · asked by city_savvy 2 in United States

Sold a community house with a profit of $75k, then divorced immediately. I took no $ from the sale at all. Do I have to claim this as "my" income for 2006 tax return? Ex has claimed all income as her own.

2007-04-11 15:59:29 · 5 answers · asked by KevinMack 2 in United States

2007-04-11 15:51:14 · 6 answers · asked by ofe 1 in Other - Taxes

2007-04-11 15:42:18 · 3 answers · asked by Jesteria 1 in United States

What do you do with my taxes???

2007-04-11 15:40:35 · 3 answers · asked by xvireroca 3 in United States

How do I do this? Do I send my forms in or do I call or what? Please help!

2007-04-11 15:38:43 · 6 answers · asked by curiousgeorge 2 in Other - Taxes

I received social security and a railroad pension.

2007-04-11 15:35:39 · 3 answers · asked by dc1621 1 in United States

2007-04-11 15:28:12 · 4 answers · asked by mapelachica 1 in Other - Taxes

I live In NY and worked in NY until May, then worked in NJ with the same company until the end of the year. What state returns do I have to file.

2007-04-11 15:14:22 · 2 answers · asked by kitten0512 1 in Other - Taxes

Help my mom is married to a man that always tries to get her to pay the bill. He sold stocks and owes the $18,000 estimated and maybe more. She is told if she files jointly with him he will only owe $8,000. She has suffered enough debt from this man and I told her to see a tax attorney. Her signing jointly is like cosigning for a loan and he is not responsible enough to trust to pay it himself. What are my mom's options. She would get back $44 if files seperate. Legal or knowledgable replys only

2007-04-11 15:09:10 · 4 answers · asked by Dennis James 5 in United States