Taxes - April 2007

I lived and worked in Seattle then moved to California in May. Do I have to pay income tax for my Washington State income for 2006 Tax Year in California?

2007-04-09 12:21:12 · 3 answers · asked by andron 1 in United States

My husband and I moved into my sister's home to help her out for a year. We pay rent, and he has done quite a lot of work on the house, including the purchase of building materials, paint, etc... Is his labor and cost for materials, tax deductible...and if so, where could he claim this?

2007-04-09 12:15:57 · 4 answers · asked by Lisa E 6 in United States

Ok, I'm doing my someone's taxes this year. He worked in a lab at USC (University of South Carolina) over the summer and earned $900 and the federal income tax withheld was $71.30. He turned 18 on November 17th last year.
Can I file a tax return for him with the 1040EZ?
I think that I can, but I'm not sure!

2007-04-09 12:09:52 · 2 answers · asked by Dr. Phyliss 2 in United States

I have my T1 (My return) here, I havent mailed it in yet, as I dont know how to go about paying installments. I will only need it into 3 months!! Thanks!!

2007-04-09 12:06:12 · 3 answers · asked by jessehutch19 1 in Canada

I am contemplating entering into a partnership with my brother mainly to invest in securities and/or make loans to other businesses. Basically, we anticipate the income to be mainly from buying/selling securities and from interest income from the loans. How is gain or loss computed? Say the partnership sells securities at a gain, does the partnership recognize gain or do my brother and I recognize the gain and report it on our 1040? What about interest income? Does the partnership recognize ordinary income gain and if some of the money is distributed to my brother or I, will we recognize gain as ordinary or capital gain?

2007-04-09 11:59:49 · 2 answers · asked by Anonymous in United States

I'm on work visa(H-1B) in US. My company is CA based but work locations were WA & FL.

2007-04-09 11:52:42 · 3 answers · asked by Sunny R 1 in United States

2007-04-09 11:48:42 · 4 answers · asked by Carol H 1 in United States

Assuming the seller is not a retailer, and they are selling something used on ebay, and both the seller and buyer live in NJ, who (if anyone) is suppose to pay the tax on the item sold?

2007-04-09 11:41:23 · 4 answers · asked by Do it yourselfer 2 in United States

should i send a letter to the irs??

2007-04-09 11:32:26 · 10 answers · asked by ♫♥♪♬♥♪Try Me♫♥♪♫♥♪♬ 4 in United States

2007-04-09 11:22:39 · 3 answers · asked by ? 3 in United States

Hi, I'm a resident of MA and a student. I earned > $20K as an intern in KY, and zero in MA. Which states do I have to file taxes for, and what income would I have to report? Much appreciated!

2007-04-09 11:22:13 · 3 answers · asked by MobyR 1 in United States

For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?

a. both federal and state unemployment tax
b. only state unemployment compensation tax
c. only federal unemployment compensation tax
d. federal income tax

2007-04-09 11:21:04 · 4 answers · asked by Nichole 4 in United States

I live in one city but work in another, the city I live in says I owe them taxes. But i only live there not work there.

2007-04-09 11:12:43 · 6 answers · asked by McJ 1 in United States

I am started a online funny shirt business (www.originaletees.com) last year and didn't make any money, actually I lost money. Also, I work full time and know that the government owes me money. I collected unemployment for like 2 weeks during the summertime while I wasn't working but they took money out for taxes. Do I need to file an extension or can I just do my taxes later? Please answer this question only if you are a tax professional or know what you are talking about. Thank you.

2007-04-09 10:57:34 · 7 answers · asked by originale_tees 2 in Other - Taxes

I have been in US for 11 years.
My visa expired 5 years ago, so I am a undocumented resident now.
I am filing tax(for year 2006) for the first time.

For tax purpose, am I a resident or nonresident?

2007-04-09 10:40:41 · 5 answers · asked by cokecup 1 in United States

Can you please help me, I was 1099 and not I am W-2. So as 1099 I did not have any taxes taken out so (according to Turbo tax) I owe $9,000. However Now I am W-2 and have a ton taken out each month, I was thinking I could not file this year and then file both next year and pay the difference. Is this wise? If not, any suggestions? I can't afford $9,000. As well, if I did a payment plan how do I set it up and how long is it amortized for...thanks so much for the advise/help

2007-04-09 10:31:50 · 5 answers · asked by roybfizbo 2 in United States

I sold a home for the tax year 2006. I was charged an excise tax by the county and state. Can I take this tax off on my tax return? Would I list it as a sales tax or property tax? Or would it be listed under the adjusted sales price of the house?

2007-04-09 10:12:17 · 5 answers · asked by squirt757 2 in United States

2007-04-09 10:12:03 · 15 answers · asked by Anonymous in Other - Taxes

to start up a business. They have not forfulled the terms of the contract. What form do i need to file to claim this as lost cash for the tax year or is there a time limit. If someone knows any good attorneys.

2007-04-09 09:21:31 · 1 answers · asked by ililchick13 1 in United States

I am married. When I filled out my W4 for 2006, I selected the box that reads "Married, but wihtholding at the Single higher rate" to be on the safe side. All my paychecks report that I am being taxed Federal-1 and State-1 but come to find out, my taxable status is 'married.' My employer confirmed that this was THEIR error. I now owe $2000 to the government, including penalties for choosing the wrong tax status. Should I pay the $2k or is my employer liable? Should I ask my company to pay?

2007-04-09 08:43:40 · 4 answers · asked by Brittany 1 in United States

The other parent is NOT claiming this child nor any Earned Income Credit associated with this child. Can I go for EIC if I meet all other requirements?

2007-04-09 07:28:52 · 6 answers · asked by gettinrad 1 in United States

2007-04-09 07:28:41 · 1 answers · asked by Bdsailor 1 in United States

Is lawn mowing considered a small business even when I am doing it to just make extra money?

2007-04-09 06:46:21 · 3 answers · asked by ? 4 in Other - Taxes

100% of the 401k money went towards my first house. I am sure I was penalized by the state and Fed. Is it too late to say that I used that money for the purchase of my first home and try to recoupe the money that I paid in penalties. It was over ten thousand dollars in my 401k at the time. I live in California.

2007-04-09 04:41:13 · 4 answers · asked by carmen1 1 in United States

I need to know the answer for a report dealing with
unemployment taxes for an employee.
He made 10,500.oo for the 1 st qtr, his taxable wage is
17,300 and the tax rate is 0.00.

2007-04-09 04:15:10 · 11 answers · asked by Tally G 1 in Other - Taxes

Hi all,

I worked at UPS for a year and i have about 5000$ net and around 400$ that should be returned to me

i also worked at a restaurant and made 7000$ net and should get back around 500$ from that job..

i also worked as a self contractor and made 7000$ on a 1099 misc form..

my question is where can i get some information on what numbers i will need to know before brinigng my 1099 form to a tax office.... I used alot of gas and money on repairing my car due to being on the road alot...

i cant get turbo tax to work right because I have to keep downloading stuff and the upgrades dont work and its really confusing...

basically im stuck on how to deduct from my 1099 and what i need to know..

im coming short on time and thinking about going to HR Block and just saying w/e... the real place I wanted to go to is in Miami but I dont have a ride anymore..

any help is appreciated

also does anyone know what the limit is before you have to pay the state? :o

2007-04-09 03:58:39 · 7 answers · asked by TripleH_1999 2 in United States

I'm not sure which would be best for me.

2007-04-09 03:46:25 · 3 answers · asked by Ted (Canton,OH) 2 in Other - Taxes

I'm helping my ex-boyfriend file his taxes online today.

We have a 3 year old child together, but since we broke up last summer and moved apart in the fall, our son lives with me. I already filed and recieved the refund, so that part's done. Can my ex claim my son in any way, or does he pretty much file his return as if he didn't have a child?

Also, does he file as Head of Household? He lives with 2 other roommates now, so I didn't know how to answer that question.

Lastly, my ex pays me child support, but not court-ordered. We're still friends and he does it voluntarily, it's not messy. There is a question about supporting a child that doesn't live with you...should he list the monetary support he's given in 2006, or since it's not court-ordered support will it not even count, so to speak?

Thanks for the help!

2007-04-09 03:45:21 · 6 answers · asked by chaotic_mum 4 in United States

I sold some stock to pay for a portion of my house downpayment. I now have to pay long-term cap. gains on it but was wondering if I can realize any tax break because the money went into my house?

2007-04-09 03:37:05 · 4 answers · asked by jcBoston 1 in United States

Going to end up as taxable income next year?
I remember the child rebates the gov't gave back in the 90's ended up being taxable income...it came as a suprise for a lot of people.

2007-04-09 03:30:00 · 4 answers · asked by Anonymous in United States