Taxes - April 2007

I was born in USA, and I was like in USA in 1 year, then we moved to the place where my parents are from. So I have never really lived in USA. However, I have heard that Americans abroad must pay taxes to the US State, is that true? Even if I am a multi-citizen? And never lived in USA?

How is it? Thanks so much for answers.

2007-04-05 11:43:31 · 6 answers · asked by cool 1 in United States

hav taxes? y dont they just take it outta da mints and stuff like dat?

2007-04-05 11:41:25 · 4 answers · asked by Anonymous in Other - Taxes

I won a tv last year and it's valued at $1499. It turns out this is my only income for last year. How much would I owe in taxes?

2007-04-05 11:24:32 · 2 answers · asked by Jonny459 1 in United States

This ia a part of a project I'm working on, but I keep getting different amounts. If I didn't need an exact amount I'd just use 50% as the tax, but I need an exact amount.

$48,627,125 no fancy tax sheltering or deductions.

Can someone help?

2007-04-05 11:18:40 · 2 answers · asked by Pantamyme 1 in United States

I can't seem to find the answer on their FAQ page. I received my State Taxes within days but am still waiting for my Federal Taxes, which I need to pay my tuition. How long do you think it takes to get them if they were filed electronically and are being directly deposited?

2007-04-05 10:50:15 · 8 answers · asked by Message 2 in United States

that's what the AARP guy who helped me do my taxes says. the only differences between this year and last year are that last year i filed as married filing jointly, this year i'm filing as married filing separate. and last year the IRS paid me (well, us, because we filed jointly) something like $800.

also, does anyone know why someone filing married/separate can't claim tuition as a deduction, when apparently i could claim it if i was filing as married?

what a crack-pot system.

2007-04-05 10:46:10 · 7 answers · asked by leilani 6 in United States

or one writes 2 and the other writes 0?

2007-04-05 10:22:17 · 5 answers · asked by skafjad 1 in United States

2007-04-05 10:06:05 · 3 answers · asked by Beachgrl 1 in United States

2007-04-05 10:01:31 · 4 answers · asked by Beachgrl 1 in Other - Taxes

went to pick up my check, i found out today they have been with holding me as claming 0 ..... my w/4 stated exempt. do they have to pay me back or can they make me wait untill end of year and do the correction now?

2007-04-05 09:45:20 · 6 answers · asked by asecndtime 2 in United States

I worked for a company for 5 years. Money was held from each paycheck to purchase co. stock. It has been 2 years since I worked for that company but I left the stocks where they were. Last year I made several withdrawals but not the total amount of the stock. How do I figure gain/loss for tax purposes?? Also, dividends were used to purchase more stock. I am confused since I do not know what the purchase price was and it was different over the years. If anyone can explain this in detail it would be appreciated, over my head on this one.

2007-04-05 09:41:51 · 5 answers · asked by Anonymous in United States

Should I start saving money for taxes and if so how much? Can I claim items like my car, gas, computer , etc. all used for work on my income taxes?
I just need to understand how to get started on this. Thanks

2007-04-05 09:31:38 · 5 answers · asked by newiberiatabascogirl 1 in United States

i supported my xwife & son for 11 months 2006. she already claimed him so my claim is rejected. how or what can i do to challange this?

2007-04-05 09:29:29 · 2 answers · asked by tpctrash 1 in United States

My wife and I have different addresses in NYS. The address on my W2 is upstate but hers is in the city. Can we file jointly or must we file separately? Any references would be appreciated as well. Thanks.

2007-04-05 09:13:14 · 5 answers · asked by Tax_Q 2 in United States

if you buy and sell the same stock within the tax year, some of the tansaction resulted in lose and some resulted in gain.
Is it possible just to add all the buy transaction together (= cost) and all the sell transaction and report the gain/lose in one line instead of line by line detailes.
Remember that since all the buy and sell activity is within the same tax year then all are treated as short term.
if report line by line then I have to go through wash sale caculation . The results is the same. is it?
I call The IRS and the lady told me to follow the rull as it written and do not mess with the IRS.

2007-04-05 08:52:46 · 4 answers · asked by tea_bread2006 2 in United States

what tax form should i use? will having a speeding ticket fine, or giving tithe (10% of my income) to my church affect what i write on my tax form? I'm in montana. any help would be appriciated. thanks

2007-04-05 08:51:54 · 8 answers · asked by firestrings88 2 in United States

if you know the address that works as well.

2007-04-05 08:50:22 · 2 answers · asked by MJMGrand 6 in United States

2007-04-05 08:42:45 · 5 answers · asked by estephania2182 3 in United States

I am newly married as of 2006 and due to circumstances in our backgrounds wanted to file married filing separately for federal and married filing jointly for state. I don't know if I can do that in OK or at all.

2007-04-05 08:04:45 · 6 answers · asked by fyre_pryzm 1 in United States

student loan interest is taken as an adjustment to taxable income on the first page of 1040....but phased out at higher incomes. Is it then deductible somewhere else, like schedule A?? Or do you have to just eat that interest, the same as credit card interest??

2007-04-05 07:39:06 · 8 answers · asked by geomarathoner 1 in United States

as an employee for a company?

2007-04-05 07:34:26 · 2 answers · asked by tess 1 in United States

I live in florida...after speaking with an IRS agent in collections..she said that my current boyfriend would have to pay for my taxes. Is this correct...just seems odd....we are not engaged and she is threatning to take his vehicle for my delq taxes. I have offered to set up an installment plan...but she stated she would have to run that by her manager. Any feedback would be hlpful.

2007-04-05 07:34:06 · 7 answers · asked by Anonymous in United States

2007-04-05 07:19:09 · 8 answers · asked by ? 2 in United States

2007-04-05 07:12:32 · 3 answers · asked by legaleye2005 1 in United States

If I need to pay estimated taxes how do I go about it?

2007-04-05 06:35:09 · 10 answers · asked by mustang 2 in United States

I started a traditional IRA last year, but the IRS said I wasn't eligible to do so. What happens to that money? They're taxing me on the income, so will it have to stay in the traditional IRA or can I convert it to a Roth without penalty since they're taxing me on it? PS-I hate the IRS

2007-04-05 06:26:49 · 3 answers · asked by Billy Ruben 1 in United States

Hello,

Here is my situation.

From 01/2006 to 09/2006 :
I had a J-1 visa and I earned 29k for these 9 months.

From 10/2006 to 12/2006 :
I got married with an american citizen and I didn't work

Should I fill only a 1040NR, or dual status?

Thank you

2007-04-05 06:25:59 · 4 answers · asked by captain-marcel 1 in United States

I'm a college student trying to figure out taxes. I have college work study and being, technically, a grant, I'm questioning whether I have to file that income? I would think so, but I've heard different stories. I don't want to be audited or anything like that. Can someone please help?

2007-04-05 06:12:31 · 4 answers · asked by Anonymous in United States

2007-04-05 06:11:09 · 3 answers · asked by rockiesguyatheart 1 in United States

my dad was going to do my taxes, and he says that he needs last years.... where do i find my last year tax return?

2007-04-05 05:44:45 · 4 answers · asked by RVC 2 in United States