Taxes - April 2007

Why do so many people have their taxes done by somone else even if they are the 1040EZ or 1040A?

2007-04-04 09:41:23 · 7 answers · asked by Janni 2 in United States

I'm a sole proprietor and took out a large student loan about 7 years ago. I continue to make monthly payments. Can I write this off my taxes as a business expense?

2007-04-04 09:04:27 · 5 answers · asked by los123 2 in United States

I have a 1099Misc and I am filing using TaxAct Online.

2007-04-04 08:55:48 · 5 answers · asked by hailecam 1 in United States

Is the proceed from the sales of a primary residence home taxable in U.S. Federal and/or Massachusettes State systems ?

I was told if the gain is less than $500K then the proceed is not subject to either taxes, is this correct ?

2007-04-04 08:44:04 · 4 answers · asked by ngcolin 2 in United States

Since it is near the 'end-of-time' Tax Time that is April 17, 2007, there are a lot of tougher questions regarding taxes, and I am seeing a whole lot of people answering that are giving Bad advice. Has anyone else noticed so many thumbs down on Good Answers?

2007-04-04 08:36:30 · 7 answers · asked by Wood Smoke ~ Free2Bme! 6 in United States

I know the loan is tax deductible, but if I choose not to report it, what are the consequences?

2007-04-04 08:33:51 · 5 answers · asked by Yahoostar 2 in United States

2007-04-04 08:32:07 · 2 answers · asked by lamerramerra 1 in United States

2007-04-04 08:20:13 · 2 answers · asked by rcprachel 2 in United States

Im not it is going to affect our funds.

2007-04-04 07:56:00 · 7 answers · asked by ☃FrostyGal♪♬♪ 4 in United States

What is the table used by HR to figure your withholding federal tax on dependents.
Ex: If you make $31k and claim 4, you have less taken out then if you claim 0 or zero or even, 1.

Is there a table so I can figure out on my own what each dependent claim witholdings would be based on standard deductions in Texas, on your W-4?

2007-04-04 07:46:09 · 7 answers · asked by Anonymous in United States

2007-04-04 07:10:55 · 6 answers · asked by tdamc 1 in United States

Is the offset the IRS keeps different depending on which state you live in or are all states the same?

2007-04-04 07:08:43 · 2 answers · asked by Martie 1 in United States

I started a t-shirt business online, www.originaletees.com last year. I am trying to figure out how I should file my taxes. I have a day job that I basically made about 30K. I have about 15K that is considered my business write offs (almost all on business credit cards) and I only made like $450 gross. My question is should I use my write offs now or can I save them for later? If I choose to use them now will they make my refund bigger? How does that work? Does it bring me down to an income of 15K? What's a rough ballpark of what I would be getting back? Please don't give me advice if you don't have training in this and know what you are doing. Thanks for taking the time to read this.

2007-04-04 07:06:20 · 4 answers · asked by originale_tees 2 in United States

I filed an injured spouse form, we have 2 children and I only worked 3 months out of the year. our return was s'pose to be almost 6000.00 and we got 1000.00 back was all. I thought we would atleast get back the tax credit for the 2 children also.

2007-04-04 07:05:43 · 4 answers · asked by Martie 1 in United States

I'm thinking it's either $200 or $250 (US).

2007-04-04 06:54:11 · 2 answers · asked by snacgirl 3 in United States

The tax preparer added this amount on line 12 as Business Income (Schedule C-EZ) . Then he also calculated self employment tax for this amount by filling out Section B - Long Schedule SE which came out to 617 dollars which he showed on line 58. By doing this am I not paying taxes twice on $4367 since the $4367 was added to to the total wages and the taxes are calculated on that amount and again the calculated tax of 617 based on $4367was added to the taxes calculated based on total wages which included $4367.

2007-04-04 06:51:20 · 5 answers · asked by baboo 1 in United States

sometimes stay longer than neccessary on these business trips. I often would stay an extra night or two just to have some alone time and pay out of pocket for it. I would tell my husband that I was still working (flexibile hours at my job, so he thought nothing of it).

We were going over all our receipts and what not with accountant last night, and I had saved some of the receipts that I was supposed to submit to my employer for reimbursement.

Anyway long story short, he discovered that I was staying longer than needed on my trips, and is very upset. He thinks that either I am cheating or can't stand being around him.

I simply wanted some time to myself after attending these stressful meetings.

I have my own savings account for this very reason, but did not want him to know how I use it - he thinks that sort of thing is a waste of money.

How do I get out of this one? I already explained that it was simply that I need some alone time, but he's furious that I spent money!

2007-04-04 06:48:41 · 3 answers · asked by Reserved 6 in United States

2007-04-04 06:40:50 · 4 answers · asked by Sarah W 1 in United States

I was supposed to get the 1099misc. from the company I worked for by Feb. 28th, for the amount of money I made from the job. Any ideas of what should I do.

2007-04-04 06:38:06 · 5 answers · asked by easy does it 2 in Other - Taxes

April 15 is just around the corner .

2007-04-04 06:36:53 · 9 answers · asked by Anonymous in United States

2007-04-04 06:31:09 · 2 answers · asked by Tom M 1 in United States

2007-04-04 06:28:05 · 6 answers · asked by John C 1 in United States

Interest Paid on Educational Loan Outside USA can be claimed in the Federal Tax Return and State Tax. Please Advice in this regard.

2007-04-04 06:17:25 · 3 answers · asked by sriha 1 in United States

2007-04-04 06:02:51 · 4 answers · asked by Anonymous in United States

If I file my 1040EZ and CA 540 paper, will I need to send my W2's in to each one?

2007-04-04 06:01:44 · 3 answers · asked by hahaman 2 in United States

I don't pay state income tax. I have no dependents other than myself. And I don't have deductible expenses. Or any records of chartiable contributions.

2007-04-04 05:59:55 · 13 answers · asked by kate14778912 1 in United States

If a taxpayer used their own cellphone (with mucho long distance used), during their employment, and for that tax year took the unreimbursed employee expense of the long distance not re-imbursed for the benefit of the employer, will they still be eligible for the Rebate?

2007-04-04 05:51:52 · 1 answers · asked by Wood Smoke ~ Free2Bme! 6 in United States

MO State and Single....if this helps. Any online-tools anyone can recommend.

2007-04-04 05:44:03 · 2 answers · asked by cool_guy 2 in United States

Do I need to file a state tax return if my employer already took out the state tax from my paycheck each month?

My co-worker told me that I need to file a state tax return if I received a W-2.

2007-04-04 05:22:56 · 10 answers · asked by joyce73 3 in United States

2007-04-04 05:19:41 · 2 answers · asked by DD 1 in Other - Taxes