Taxes - April 2007

2007-04-09 03:29:02 · 1 answers · asked by apm2006 3 in United States

This amounts to many thousands of dollars per year in expense to her, although I am never paid any actual money - I just basically live with her for free.

Can she deduct those costs as "nursing care"?

2007-04-09 03:10:00 · 3 answers · asked by Anonymous in Other - Taxes

If a person won, let's say, a $10k sweepstakes / lottery; and nothing was taken out. Does that person need to pay the taxes immediatley or can they wait to claim the winnings on their taxes at the end of the year?

2007-04-09 02:44:49 · 4 answers · asked by ashquadir 1 in Other - Taxes

I found a error on our taxes filed this year. They had filed my capatial gains all as short term gains vs long term. I had around 4,500 of long term capital gain. Our joint income was around 70,000. What is the difference on ther error of it all being in short term vs long term? I called out accountant and waiting for a reply back. What is the process and is there any additional cost to me? Also what is the tax saving from the mistake?

2007-04-09 02:27:06 · 3 answers · asked by todd s 2 in United States

I worked as a day care provider for a friend of mine who had three kids. I was paid by the state of Michigan rather than the parent so instead of a W2 form, I just received a letter from the Department of Human Services stating how much I was paid throughout the year. This was my first year doing that kind of work and I would prefer to file my taxes myself but I am not sure how to claim that income or what form to use.

2007-04-09 02:05:32 · 2 answers · asked by Krissy 1 in United States

Also I collect disability and child support, is that considered income. I know Its not earned income but do I have to claim them. I never did when I didn't work.

2007-04-09 02:04:41 · 7 answers · asked by debbie 2 in United States

OK...Yes I'm a complete idiot! I've had my taxes done for about a month and a half. I just saw that commercial on tv that reminds you that taxes are due in a week. I went to sign them and now I can't find them anywhere! My fiance and I have looked everywhere and they nowhere to be found. I did them using tubotax and can surely reprint them but what do I do about my W2? I will be getting a refund so I don't owe anything.
I'll keep feverishly looking but I'm praying they didn't somehow get thrown out.
I just need to know what I do next if I can't locate them before the deadline.
Thanks soooo much!

2007-04-08 23:09:15 · 2 answers · asked by jordan1079 2 in United States

For many reasons I owe the IRS about 14,000 dollars. I have about a whopping 18,000 dollars in my 401k. I keep trying to pay the IRS, I can't pay enough for it to make a dent. Please, any suggestions, any IRS agents out there?:)

2007-04-08 22:47:00 · 4 answers · asked by Linda L 2 in United States

2007-04-08 21:22:18 · 8 answers · asked by Satheesh Chandran 1 in India

I have a partnership with my wife, we own a car and we use it for business. I am adding the gas, insurance and cost of rapairs to the expenses of the partnership, can i still deduct miles in my personal taxes? is deducting the miles same a depreciation for the car? I am Seattle, WA ( if that matters)

2007-04-08 20:20:54 · 2 answers · asked by Patricio T 1 in Other - Taxes

I live in FL btw. Thanks for any help in advance.

2007-04-08 19:55:57 · 4 answers · asked by gerard q 1 in United States

2007-04-08 19:29:54 · 2 answers · asked by Flo D 1 in United States

2007-04-08 18:59:13 · 5 answers · asked by Tmabel 3 in United States

I just filed my taxes online with turbo tax and I typed the wrong address...Can I fix it or is it too late???

2007-04-08 18:53:37 · 4 answers · asked by Anonymous in United States

I am married. My W2 shows "single" for marital status and my wife's says "married". We claim federal and state exemptions/allowances of 1/0. I noticed that my withholding is about 18% of my income afer reductions, while hers is about 11%. Because of this, we owe taxes on this years tax return. Is she supposed to fill out her W4 saying "single"?

2007-04-08 18:44:31 · 4 answers · asked by taxcurious 1 in United States

My wife has a sole proprietorship and did some work for a company that cut a check to her in December, but which was not received until January 2007. She is using cash accounting and considers this money recevied in 2007. However, the 1099-MISC indicates it was income paid in 2006.

I'm trying to do the taxes and her QuickBooks indicates this is not taxible for 2006 (since the money wasn't received until 2007). But the 1099-misc says otherwise. What should I do - either
(a) change her books to indicate it was received in 2006
(b) ask the company to reissue (or retract somehow) the 2006 1099-misc
(c) don't include the 1099-misc in the return and wait for the IRS to ask me about it, or
(d) something else I haven't thought of?

Thanks for your help.

2007-04-08 18:43:32 · 4 answers · asked by Thomas C 3 in United States

I hear so much about how you won't have enough to itemize to overcome the standard deduction if you don't own a home.

However, I paid almost $4000 in state taxes in 2006, which is close to my standard deduction of $5150 (single). I've heard that you can itemize state taxes. Does that mean many people can have enough to itemize (using their state taxes) without owning a home?

2007-04-08 18:25:04 · 5 answers · asked by Caribou2 1 in United States

If I grow food for my own personal consumption, do I owe federal income tax on that food? I would apreciate answers from those knowledgeable of the U.S. tax code.

2007-04-08 17:42:35 · 2 answers · asked by RogerDodger 1 in United States

my wife screwed me over and doesnt want to file our taxes married filing jointly, which makes me due 4,000 of tax. how should i talk about this to IRS ??? can i pay it in rates ???? 100 bucks a year or so ???

2007-04-08 17:12:37 · 3 answers · asked by Joey 1 in United States

i have my own cleaning srevice and didn't pay weekly taxes. will i get hit now?i will claim 1 dependent and head of household. and claim $300.00 weekly. i have gas and cleaning suplys to deduct also.

2007-04-08 17:01:21 · 4 answers · asked by dcpixiedust 1 in United States

If you received a company check with your name on it, but you decided to deposit in on someones bank account, will you be liable for tax?

2007-04-08 16:54:13 · 2 answers · asked by artotoy 1 in United States

2007-04-08 16:40:37 · 3 answers · asked by Cyroidz 1 in United States

2007-04-08 15:51:00 · 16 answers · asked by mel 1 in Other - Taxes

During the previous tax period I went from being a full-time student/dependent to niether. I quit the job that I was at when I filed for exempt. When I started the new job I was no longer either of the previous status' that qualified me for tax exempt. So that job pulled out taxes.

Do I still have to pay the taxes that i was originally exempt from (1st Job) when I file my taxes even though I was exempt at the time the were taken?

2007-04-08 15:40:31 · 5 answers · asked by Brandon A 2 in United States

Can I receive tax benefits on home improvement or do I only receive these benefits once I sell? Also, if I sell prior to the required 2 years for the capital gains tax benefit, do they prorate for the time l lived in the property, or is it 'all or none'?

2007-04-08 15:12:41 · 4 answers · asked by SPR 1 in United States

My husband has left the country and earns a lot of money abroad. He doesn't give me a penny. I am earning nothing yet, but trying to find work. He left a year ago and hasn't earned anything in America during that time.
Should I file taxes with him or without him? I have children living with me, he pays no child support.
I am worried I will get audited for this big round zero, not that I'm doing anything wrong. I'm not sure if he is though because he earns so much in Canada but is planning to declare zero taxes in America. Should I file separately? Is it better with impending divorce to file together before I start divorce proceedings?

2007-04-08 15:01:07 · 5 answers · asked by katy 1 in United States

2007-04-08 14:57:56 · 3 answers · asked by shar' 1 in United States

My fiance sells Mary Kay and doesn't know if she needs an EIN # to file taxes. Does anyone sel Mary Kay and know if she needs a tax id number or does she just claim it as a hobby that earns gains?

2007-04-08 14:54:40 · 6 answers · asked by ryan b 1 in United States

I won a huge sum in prize winings. Now it is income tax time. The forms state I can claim gambling losses equal to the amount I won. Do I need to show I have gambling losses. I won this in late fall. I never expected to win, anything, so I never kept my lossing tickets. If I keep losing tickets this year can I claim them next year, for this years big win?

2007-04-08 14:52:05 · 4 answers · asked by dandeelion05 1 in United States

2007-04-08 14:41:26 · 6 answers · asked by Trent 1 in United States