Taxes - April 2007

10 points to the best answer

2007-04-10 11:14:49 · 3 answers · asked by reydelmg 1 in United States

I have a W-2 & W-2c from my company. How should I report this in turbotax?
1. Report both W-2 and mark the second one as "This information is from form W-2c"
2. Correct all the fields from original W-2 as reported in W-2c

2007-04-10 10:44:27 · 4 answers · asked by Suresh T 1 in United States

i filed my state taxes on march first and when i checked in on it they said that it was selected for review....what does that mean? i live in wisconsin if that is of any relevance

2007-04-10 10:44:13 · 17 answers · asked by ♥♫§weetTart§amantha♫♥ 5 in United States

I mailed my state tax on March 5th and I have yet to receive my refund.

2007-04-10 10:44:11 · 5 answers · asked by kellibelli64 1 in United States

Is it true if your income is low enough, you don't pay any federal income tax? I've always heard that there are a large group of Americans who aren't required to pay any federal taxes, and that the top five percential pay over 50% of all federal taxes. But looking at these tax tables, I noticed that all income levels are taxed at about at leat 10%. Can anyone clear this up please?

2007-04-10 10:43:10 · 3 answers · asked by diamond_kursed 4 in United States

2007-04-10 10:33:06 · 3 answers · asked by Anonymous in United States

im supposed to get money back from last year's taxes, but i owe some for this year. do i write a check for the amount i owe and wait for the money i am owed? or will they know to offset the amount i owe from the amount i am to recieve? my current year forms will be efiled, while the previous year will be mailed in.

2007-04-10 10:12:12 · 2 answers · asked by nissx240 2 in United States

I didn't file my 2005 taxes. I know that I'm going to owe the government money from 2005 and will pay a penalty, but I don't know what forms I need to fill out from irs.gov to rectify the situation.

2007-04-10 10:08:55 · 1 answers · asked by Bill S 2 in United States

My husband and I file joint married for Federal Taxes. For state taxes I am an Illinois resident and my husband is a Florida resident and he is exempt because he is in the military. Would I file married single for state. I used Turbo tax to do my taxes and it included my husbands income and says that I owe. His income should not be included.

2007-04-10 10:01:06 · 3 answers · asked by Donna R 1 in United States

I'm all set, but I can't get an appointment in time for April 15. What form do I file, and how do I get one? Can I do this online?

2007-04-10 09:44:40 · 3 answers · asked by Victoria 1 in United States

I just took on a part time second job as a subcontractor delivering newspapers. The job pays 380 a week with a gas reimbursement that varies considering what gas prices are. At the moment is $25-30 dollars a week. Do I have to pay taxes on the gas reimbursement? Also, can I file and pay taxes every quarter with a 1099? (i'd rather pay the taxes over having to worry about owing money come April). I have no idea if this second job will put me in a different tax bracket either I'm currently in the poor :D end of it. I make about 20k a year so this second job is basically going to double my yearly salary Lastly, I have my regular job which is a W2 set up. When tax time rolls around in April will the 1099 be part of that if I'm paying it quarterly and if so will they have to be filed separately? I have never worked with a 1099 set up and its confusing to me at this point.

Thanks a bunch. :D

ps Not sure if it helps any but I claim 0 dependents with my W2 job.

2007-04-10 09:33:46 · 2 answers · asked by grrngirl 3 in United States

2007-04-10 09:33:33 · 5 answers · asked by Charles M 1 in United States

2007-04-10 09:31:45 · 2 answers · asked by Charles M 1 in United States

2007-04-10 09:31:43 · 3 answers · asked by hyostee 2 in United States

I didn't earn much this year, and so I didn't pay a lot of taxes, and so my refund will be small despite having a bunch of stuff to itemize. I want to know how much of it, if any, I can add to next year's itemization.

2007-04-10 09:29:29 · 3 answers · asked by theunseenwoman 2 in United States

kay so last year was my first year filing taxes and so my mom did it for me on turbo tax... Everything went good, got my return direclty deposited and that was that... My mom said to me that I was supose to have sent my w-2 to the irs last year... BUT I DIDNT... She said I shouldnt have recieved my return if I didnt send them in... Is this true?
This year I did it on my own or tried to at least. When I went to file it online and send it out paying with credit card... It says that I need my AGI from last year... to confirm who I am so I can do an electronic signature... How do I find that out? I dont have or dont know where my w-2? forms are from last year... My mom wouldnt know... And turbo tax doesnt have it.... or they would have transfered it over... So what do I do... Do I need to find my forms from last year and send them in with this years? Or do they NOT correspond with each other at all??? Im so confused... So this is why so many ppl hate tax season? lol Please help me out

2007-04-10 09:26:53 · 3 answers · asked by greygirl06 2 in United States

2007-04-10 09:18:34 · 2 answers · asked by 4reelone 1 in United States

I am a student, and haven't filed a tax return in 2003, 2004, or 2005.
During those years I havn't made any money, but I own a few stocks which I have traded regularly. Therefore, the IRS must assume my cost basis is a zero on the stocks reported to them on the 1099 by the brokerage company holding my stocks.
My question, how can I file for 2003-2005 and clear up this mess. I made only $300 in short-term capital gains in 2004, but in 2003, 2005, and 2006, I have carried a loss.
Thank you for your help!!

2007-04-10 09:17:20 · 2 answers · asked by Mani M 1 in United States

2007-04-10 09:11:47 · 2 answers · asked by Vineeth R 1 in India

2007-04-10 09:08:00 · 8 answers · asked by Anonymous in Other - Taxes

After seeing a short film on the internet about this, It has raised a concern that the government IS pulling the biggest fraud. Everyone within the government and IRS skirts the issue, but no one seems to be able to produce a black and white copy of the law...because it doesn't exist after the 1912 Supreme Court ruling saying the government could no longer impose a federal tax. The only law that exist says that it is "voluntary" to pay tax....The Reagen and Clinton admin addresssed this but decided it was a "back-burner' issue...gee I wonder why???

2007-04-10 08:59:22 · 9 answers · asked by Brian M 2 in United States

I have lived in my house for more than 2 years - enabling me to avoid taxes on the gains from the sale. I know that if I utilize all the gains to aid in the purchase of another property, I do not have to pay taxes on the gains. However, my question is: do I have to pay taxes on the gains that I do not reinvest into another property? Example - say I made 100K on the sale and only want to reinvest 80K - do I pay taxes on the remaining 20K?

2007-04-10 08:43:00 · 6 answers · asked by DoggyDogg 1 in United States

I trusted a family member to file my return in 2004 using Turbo Tax and they said they did it electronically. When I finally discovered that it wasn't filed it was too late and not only had their computer crashed but they lost my paperwork. Two different W2's and a 1099. It was a nice amount I was to recieve back so it would be great if I could figure out what to do. HELP?

2007-04-10 08:34:38 · 6 answers · asked by chieffanz4life 2 in United States

Sometimes people pay penalties and fines for messing up on taxes, other times they go to jail. What's the distinction?

2007-04-10 08:31:14 · 4 answers · asked by Joe L 4 in United States

MY HUSBAND HASN'T FILED IN A COUPLE OF YEARS AND HE SAID WE WERE THIS LAST YEAR SO I GAVE HIM ALL OF MY STUFF. WELL NOW HE DOESN'T KNOW WHERE ANY OF IT IS, SO WHAT DO I DO?

2007-04-10 08:11:03 · 3 answers · asked by Anonymous in Other - Taxes

2007-04-10 08:10:40 · 5 answers · asked by Beverly A 1 in United States

I need to come up with the Gain/Loss (if there can be a Loss) for tax purposes. Is it the cost value at the time of the gift? The gift giver's cost basis? Or, is it all Gain?

Does long term vs. short term still come into play? And, does the fact that the proceeds were used towards college education have any bearing on the tax implications?

2007-04-10 08:08:59 · 2 answers · asked by Dsonuvagun 3 in United States

my soon to be husband hasnt filed taxes in years. how do i find out the last time he filed and start working to file all of them? it is keeping us from getting married because we need to have it handled before.

2007-04-10 08:05:52 · 2 answers · asked by Ashley H 1 in United States

2007-04-10 08:05:45 · 3 answers · asked by myAcct 1 in Other - Taxes

I owe this year but am not sure how it all works. I was reading some information that said the federal government will send me information after I file. Because of the amount I owe, I may have a penalty charge because not enough taxes were taken out this year. Should I file but not pay my taxes yet and wait for the federal govt. to contact me?

2007-04-10 08:01:01 · 8 answers · asked by Liz 1 in United States