Taxes - April 2007

First time tax payer to the state, and Turbotax does not file Florida returns because of a tax law that changed. Should I go to a professional? Can I get the forms and fill them in myself? Any help is apperciated as time is ticking....

2007-04-02 22:45:42 · 8 answers · asked by theuey764 2 in United States

2007-04-02 20:04:22 · 1 answers · asked by quizzled 1 in United States

Hi all,
I am an international student on F-1 visa, studying in a NY school. I interned in PA for the summer. The PA company has withheld PA tax (3.07%) and NY tax (apart from Federal). They have also given me 2 sheets of W2s. Does anyone have an idea as to why NY tax for PA income?
Thanks in advance

2007-04-02 19:48:11 · 2 answers · asked by Praveen 1 in United States

I don't have a kitchen. It's in my lease "No Kitchen." Would I be able to itemize my restaurant receipts?

2007-04-02 18:42:12 · 5 answers · asked by Cady 2 in United States

My wife got her SSN only in Jan07 even though she started working in Nov 06(with a dummy SSN). Without an SSN, a retirement a/c could not be opened and hence she could not contribute in 2006. In that case, will she be eligible for an IRA investment for 2006? Our AGI (filing jointly)is less than the prescribed limits and is eligible for an IRA.

We would appreciate a clear response.
Thanks,

2007-04-02 18:18:54 · 4 answers · asked by ksakrish 1 in United States

2007-04-02 18:02:08 · 2 answers · asked by jrtcpa@sbcglobal.net 2 in United States

I sold my house within less than 2 years of residency. I had Calhfa loan which is federal subsidy mortgage. I don't have to pay recapture tax because my income doesn't exceed the adjusted income limit. Should I pay capital gain though (Schedule D form 1040)? I gained $50k from the sale after deducting closing costs, etc. H&R said I only owe state tax. I got refund from federal. Do you think it's odd that I don't owe federal tax after gaining $50k? Any advice? Thank you guys, who answered my question, sorry I accidently deleted my previous question.

2007-04-02 17:57:45 · 3 answers · asked by bunga 1 in United States

Me & family got USA citizenship. Last year I moved overseas to do some reserach works on eartquake victims. Last year 2005 since I worked in USA and remained there for more then 6 months as such I filed my tax return accordingly. But in Year 2006 the whole year I remained self employed at overseas and my tax was deducted accordingly to local laws.
Now I need to know can I file my 1040 or other relevant tax return claiming self employed with foreign earnings? I need to find out before 15th
April as the last date of filing tax return.

2007-04-02 17:55:46 · 4 answers · asked by mmarfani7795 1 in United States

2007-04-02 17:49:18 · 3 answers · asked by LA 1 in United States

What if i sent in my paper filing and then decide to file online? would there be any penalties for that/

2007-04-02 17:43:05 · 1 answers · asked by demons320 1 in United States

I don't think I will owe property taxes this month since I didn't own the house in 2006, but want to make sure - where can I find this info?

2007-04-02 17:37:20 · 3 answers · asked by Graham G 1 in United States

2007-04-02 17:09:00 · 13 answers · asked by John B 1 in United States

I worked a full time job and a part time job in 2006. When I put in my W2 info for my full time job, it said my expected return was $267. After I put in the W2 info for my part time, it then said I owed $18. Can I get away with only filing taxes for my full time job?

2007-04-02 17:02:36 · 8 answers · asked by Brown Suga 2 in United States

2007-04-02 16:51:21 · 4 answers · asked by Jonathan C 2 in United States

So, before it was just that i was having trouble getting my check from my previous employer before i left the state. well, the check finally came about 3 months later, and they said they would also have my W-2s to me by the 1st of february. Everytime I call them they tell me "You need to give it time, and about two weeks for them to be mailed."
Should I try calling one last time or is it too late? If they dont get here within this week would I have to report them or what? They still arent here and there's only 2 weeks left ahhhh!

2007-04-02 16:28:23 · 3 answers · asked by Anonymous in United States

My brother and I bought a house together, and both of our names are on the mortgage.

However, his social security number is the only 'official' number on the finance forms, and only he received a 1098 form for tax purposes.

Can I deduct mortgage interest since I am part owner, even though I didn't receive a 1098 form?

Or do I have to add my name officially by re-financing the house under both of our names?

2007-04-02 16:27:03 · 4 answers · asked by lei514 1 in United States

I like for you guys to figure this out, to test you of how good are you in financial skills

(Put these in order to)

You recieve your W-2 from your employer
You get a job
you sign and mail your return by April 15
you fill out a W-4
you decide which form to use
you recieve a 1099 from your bank
you fill out the forum
your employer hold taxes from your paycheck

THANKS!! LETS SEE HOW SMART YOU GUYS REALLY ARE! :)

2007-04-02 16:05:26 · 4 answers · asked by Anonymous in United States

2007-04-02 15:33:37 · 1 answers · asked by justin 2 in United States

Can I claim for my child Education expenses in 2006?

I file married, Jointly on my 06 fed return. I paid for my child education expenses in 06, but I can't claim him as a dependent on my return ( his 06 gross income is exceed the $3,300 limitation).
Do I still qualify for the the education expenses deduction?

2007-04-02 15:06:04 · 6 answers · asked by kayask06 1 in United States

In 2006 we had to pay a lot for medical expenses (deductibles, etc, our insurance isn't great). The main expense was heart surgery our baby had in October 2006. With the back-and-forth between the hospital and our insurance company, including some incorrect rejections the insurance company made initially , we didn't get all of the bills (and therefore make all the payments) until 2007. Can we claim the 2007 payments on the 2006 surgery on our 2006 taxes (I want to b/c then we would exceed the 7.5% AGI....but I'm thinking that wouldn't be the way the IRS works?)

2007-04-02 14:59:11 · 5 answers · asked by sam & jack 2 in United States

How can I estimate taxes. Also im aware that if you make less than 600 from a company you dont have to pay taxes on it. If you make 700 do you just have to pay on 100 or on the whole 700?

2007-04-02 14:53:55 · 1 answers · asked by ugafan30721 1 in United States

2007-04-02 14:52:53 · 1 answers · asked by weasel 1 in United States

Is it even legal to run a business out of my apartment? I know that a tax certificate says "This Certificate Must Be Prominently Displayed At Your Place of Business" What if my business is run from home? Is it legal to list my apartment as my business address? Please, any answers would be appreciated.

2007-04-02 14:39:43 · 6 answers · asked by The Don 1 in Other - Taxes

2007-04-02 14:38:19 · 5 answers · asked by slipknot_691000 1 in United States

my friend got a job as a server.

they pay him $2.13 an hour plus tips.

they said he suppose to turn in all tips on the end of his shift so they can deduct taxes from it. he gets his tips back at paycheck time.

is this normal? and how much do they take out? there is no state income tax, just federal.

2007-04-02 14:29:06 · 7 answers · asked by mricon 2 in United States

if someone has $$$ in a Roth 401k and they only worked a few months in 2006, they quit the compeny and rollover the $$$ into a Roth ira , when they do taxes for 2006, do they need to report it? and if so on what form?

2007-04-02 14:27:52 · 6 answers · asked by Fox29 3 in United States

me and my girl live in a new home, it is paid off and is in her fathers name. her father is terminally ill and upon his death the house goes into her name. we live in this house now. the house is valued at 280,000 and we wish to sell it immediately upon it becoming hers and buy something around 200,000. what will we be taxed on the 80,000 difference. do we have to reinvest the money from the house into a property of equal value. is there a capital gains tax? how could we go about doing this and what will happen if we do?

2007-04-02 14:06:43 · 4 answers · asked by ben b 1 in United States

I didn't get my W-2 and I'm doing my taxes tonight. I can contact them tomorrow but all I need is the EIN for Turbotax to automatically enter information

2007-04-02 13:35:31 · 3 answers · asked by Anonymous in United States

My uncle wanted me to check this out for him. His daughter is over 30 and living at home and pays 150 a month rent to him. He was on a disability pension before he turned 65 and up til that point was told he didnt have to claim it. Now that he is 65 and on the Old Age and CPP benefits we need to find out if he now has to claim that as income? He lives in Canada. please help!

2007-04-02 13:17:24 · 8 answers · asked by Joanna J 1 in Canada

I know that each parent can gift up to $12,000 each, but does the amount gifted come off the bottom of the income for tax purposes?

2007-04-02 13:14:41 · 3 answers · asked by gram 1 in United States