Other - Taxes

I have read both publications 936 and 530 from the IRS on this. I see where closing costs are included in the basis of the home when you buy it but what about when you refinance? Is it deductible then and if so, where does it go on the tax return?

2007-03-02 12:43:00 · 7 answers · asked by Michelle 4

I need to know if I can qualify for the Hope Or Life Time Learning credits. I have a loan that is deferred and get financial aid from FASFA. Current out of pocket expenses are paper, printer ink, office supplies(ie staplers and such). Does any one know stipulations for these credits.

2007-03-02 07:53:00 · 7 answers · asked by nix 26 1

2007-03-02 07:52:58 · 3 answers · asked by emandkevsmom 1

2007-03-02 07:03:24 · 7 answers · asked by Niki N 1

so my friend and i made around the same money last year and her mom did her taxes and she is supposedly getting around $700 BACK. when i used the H&R calculator, it said i was supposed to get $600 BACK (maybe without saying I am a dependent), but when my mom did my taxes & i did it on Turbotax, it said I am only supposed to get $253 BACK.

do you think it's possible that her mother said that she (my friend) wasn't a dependent, that's why she's getting that much back.

it's the only way i think?

2007-03-02 04:10:05 · 3 answers · asked by Anonymous

filed them on april 14th (friday). got it back fairly quickly. does it usually take longer? does it depend on the bank?

2007-03-02 01:55:50 · 3 answers · asked by Anonymous

Since my mother died, my father (aged 77) and his two dogs moved in with us. We agreed he would contribute $300 each month towards his keep plus dog food, treats, etc. He is now asking if I am declaring this on my tax return. Is it income? It is costing us much more than $300 a month for him to live with us.

2007-03-02 01:50:50 · 2 answers · asked by Jill1951 1

HELP please

2007-03-01 19:18:30 · 5 answers · asked by Anonymous

I'M A STUDENT AND MY PARENTS ALSO CLAIM ME AS A DEPENDENT.

I MADE AROUND 11,000 LAST YEAR AND MY THEY TOOK AROUND $850 FROM TAXES.

HOW MUCH WILL I ROUGHLY GET BACK? MY MOM DID MY TAX ES AND SAID I WAS GOIN TO ONLY GET 250.. BUT IT SEEMS WRONG..
MM
HELP

2007-03-01 19:06:51 · 5 answers · asked by Anonymous

I've been working at a bar for some time now, everything I make, I make in tips. Nothing is recorded and I dont have a regular wage.

Sometimes the tips vary but either way it pays the bills.

I started a savings account about the same time I started the job. I recieved a statement from the bank saying I gained $50 in interest.

Im told I must file this as income with the tax people... but I dont want to pay and arm and a leg to state what I gained in interest for my savings... its so small!

I've also been told because I work at a bar for tips alone, I dont need to file. Kind of like antique dealers, or people who do yard services.

Any advice on this?

2007-03-01 18:36:43 · 5 answers · asked by justicespeaks321 1

2007-03-01 17:25:07 · 1 answers · asked by sawyer_lj 1

2007-03-01 14:05:29 · 4 answers · asked by Tim 5

Not deficit, economy.

2007-03-01 13:52:36 · 13 answers · asked by Anonymous

My friend lived (and worked) in Florida, then moved to Virginia where he became employed and earned money there as well.

He's coming back to Florida on vacation and plans to do his taxes while here in Florida.

Can he kill 2 birds with 1 stone and do his Virginia taxes here in Florida as well? Or does he have to do the taxes separately in each state?

He plans to do it in H&R Block but isn't sure if a tax preparer can prepare taxes for moneys earned in another state.
.

2007-03-01 10:49:40 · 3 answers · asked by rob1963man 5

I would like to know if the money is earmarked for any particular purpose, or if this is a slush fund for the politicians.

2007-03-01 09:43:48 · 3 answers · asked by rdtallman3@yahoo.com 1

2007-03-01 09:16:51 · 3 answers · asked by lil J 1

A woman got a divorce at the end of 2006. She did not have income and most likely filed taxes with her ex-huasband. They do not have kids and live in NYC. Is she supposed to file married filinf jointly, separate or single?

2007-03-01 08:37:13 · 6 answers · asked by tsf_michelle 2

2007-03-01 08:25:23 · 1 answers · asked by Michelle P 1

I live in NJ. And on my W-2 it shows in box 14, "3.00 MIF" and "77.91 UI/HC/WD". I know what the UI/HC/WD is, but what is MIF?

2007-03-01 06:14:12 · 4 answers · asked by okterrific23 3

Kids often get an allowance or have some kind of part time job, and everytime they purchase something they have to pay sales taxes.

2007-03-01 06:03:46 · 6 answers · asked by Eric 1

I sent out my tax return papers on the 2nd of feb through the mail. I am NOT geting a direct deposet when should i be geting them back????

2007-03-01 06:00:51 · 4 answers · asked by Gypsy 3

I am 23 and my mother claimed me on her taxes because I was still in Law school until May 2006. Do I need to file taxes? I did earn wages as a waitress. Any tips for filing taxes as a waitress?

2007-03-01 05:11:21 · 6 answers · asked by jessicaylyon 1

2007-03-01 04:53:15 · 3 answers · asked by stacy S 2

Hello all..

I used turbo tax to do my tax returns for 2006. My perm address is in MD but I worked in DC over the summer and worked in CT while I was at school. After finishing my returns, it shows that I receive a refund from DC but I owe MD money. Do I need to file a MD return even though I didn't work in MD?

2007-03-01 03:41:20 · 6 answers · asked by chris_song83 1

2007-03-01 03:30:48 · 2 answers · asked by Harish Jharia 7

Even though they have not reached the cap. How does this effect the filling of their tax return? Does it have something to do with working for the gov or a hospital...???

2007-03-01 02:47:35 · 2 answers · asked by Anonymous

We're Brits living in the UK. If we were to move to France and telework for a UK company, to whom would we pay taxes the French or the UK? What about living in other EU countries? Know any websites that offer advice?

2007-03-01 02:04:56 · 1 answers · asked by Andromeda_Bloodaxe 3

2007-02-28 20:40:50 · 5 answers · asked by Anonymous

2007-02-28 18:33:55 · 6 answers · asked by jeffrey545 1

2007-02-28 17:58:47 · 3 answers · asked by Anonymous