Other - Taxes

2007-02-07 09:06:23 · 6 answers · asked by happy retired lady 1

I worked as an independent contractor for firm in 2006. For the time worked from Nov to mid Dec they paid it in 2006 and for the time worked between dec 15th to dec 31st they paid it in january.

They sent me a 1099 that doesn't include the payment they made in January for the time worked in december.
Is this correct?
Shouldn't they count the payment made in Jan towards my 2006 income?
thanks
vinay

2007-02-07 09:02:05 · 4 answers · asked by guptv 2

2007-02-07 08:56:17 · 5 answers · asked by Anonymous

I also have a son that lives with me, so shouldn't I claim head of household? I am not good at taxes and I want to make sure I know what to ask for before I take mine somewhere!

2007-02-07 08:43:26 · 9 answers · asked by jenni 1

2007-02-07 07:24:29 · 2 answers · asked by raj 1

is it better to buy turbo tax from officemax or use it directly off the internet?

2007-02-07 06:51:27 · 7 answers · asked by pooh bear 4

i know you can make a certain amount per month. am in calif.
how much.

2007-02-07 06:38:03 · 3 answers · asked by J 4

seriously, i think taxes are a good thing and give you more voice in the government and more of a reason to stand up for your beliefs and make sure YOU'RE the government and not the other way around. More taxes mean more country income and bigger positive influence around the globe. Lowering taxes is only good when your goverment spends it on terrible sh*t like pretty lamp posts that cost WAY more money than normal efficient ones

2007-02-07 03:55:26 · 4 answers · asked by Mike D 3

You know like in the movie, the messngers? Where can i hear high pitch noises than only kids can hear? Like on websites?

2007-02-07 02:40:02 · 1 answers · asked by Anonymous

18- year old has no identification card at the moment.

2007-02-07 01:49:56 · 4 answers · asked by Anonymous

2007-02-07 01:16:14 · 5 answers · asked by ME! Who'd ya think? 2

Any one have idea about this question?

2007-02-07 00:28:23 · 3 answers · asked by presentraj 1

2007-02-06 23:50:45 · 11 answers · asked by Mark S 1

2007-02-06 14:44:56 · 6 answers · asked by corey d 1

Does that work good? does it make you more money?

2007-02-06 12:04:23 · 8 answers · asked by Anonymous

I own an insurance agency. I have a seperate checking account for insurance premium funds. When we collect a insurance premium payment from a customer, the funds are deposited into this account and then we send our agency check to the insurance company. How are these funds treated on form 1120S?

2007-02-06 10:36:32 · 1 answers · asked by jtesta46 1

My governor (PA) proposed 1% state sales tax increase in order to lower property taxes (it is not clear to me by what amount).

My initial blush is: "at least my property taxes were deductible".

Am I looking at this the wrong way? Will I ultimately come out ahead or behind by this shifting of the tax burden? What scenario would ensure that I came out ahead, short of shopping in WV or OH?

FYI: In PA, there is no sales tax on groceries, clothes or Drugs/medical supplies as wall as other minor exceptions.

2007-02-06 10:19:56 · 3 answers · asked by abraham_15221 2

I am not going to take a course right now but i would like to know some good books or online resources.

2007-02-06 09:25:37 · 13 answers · asked by peaches 1

2007-02-06 08:47:52 · 1 answers · asked by zach h 1

My husband and I both are attending college full time. We've never itemized our taxes before and are unsure if we have to itemize this year because we have Tuition/Book expenses. As far as I know we have not exceeded the Standard deduction amount based off our 1098-T's. But I also paid a significant amout of money this year in dental expenses.

So I have two specific questions:
1. Do Educational costs alone mean we should itemize?
2. If not, how do we decide if we should itemize?

2007-02-06 06:57:27 · 2 answers · asked by Anonymous

I am 18 now as of this january, but all of last year i was only 17 i had made a total of $21,000 in that year and i owe $675.0!! What the heck?

I worked three jobs that totalled my wages to $21,298

my federal income tax withheld total for all three is $1362.02

Total Wages for job ONE $15424
Federal tax w/held $304.07
Social Security wages for job one $15424
SS Tax Withheld $956.29
Medicare Wages $15424
Medicare w/held $223.65
~
Total Wages for job two $5399.71
Federal tax w/held $304.07
Social Security wages $5399.71
SS Tax Withheld $334.78
Medicare Wages $5399.71
Medicare Taxes withheld $78.30
~
Total wages for job three $474.59
Federal tax w/held $15.87
Social Security wages $474.59
SS Tax Withheld $29.42
Medicare Wages $474.59
Medicare Taxes withheld $6.88

What the heck is going on?
(i would ask my mom but she hasnt filed for about two years so not the best person to turn to)

Please help me out. I live on my own and am broke now cuz my bills.

2007-02-06 06:25:19 · 12 answers · asked by mandi lala 1

Hey there folks,

This may seem like a silly question.... I am just afraid of being wrong on my taxes.

I have always used turbotax and have always done my texes myself... this year was much more diificult. I have quite a few changes so it may be common. I bought a 2nd home, and spent quite a bit of $$ fixing my original home to get it ready to be a rental (finally rented it out in January 2007). So I have two mortgages. Two properties with real estate taxes and lots of interest paid.

I also started a side business out of my home office
on top of my normal everyday job, that had significant upfront investment costs for machinery, computer and software, ending up only drawing a profit of $30 for the year, after all the start up costs.

Turbo Tax shows that I should be getting about $10,000 back, which doesn't sound right, but i have never had so many write off's either. Wondering is this uncommon?

2007-02-06 04:57:31 · 5 answers · asked by Tinker925 2

I need cheap and close!! And someone who deals with child support being owed!!

2007-02-06 03:48:31 · 12 answers · asked by alhartley01 3

I have a pension I cashed and a medical study that H and R block said I would have penalties for and file as self employed.

2007-02-06 03:25:19 · 11 answers · asked by vnc620 1

There was a delay in processing my refund check and I called to figure out why. They told me I had a balance from 2004 that needed to be paid. She couldn't tell me when I would receive the remaining of my money. Has anyone had this problem, if so how long did it take to receive you refund check?

2007-02-06 02:52:32 · 5 answers · asked by tmadelack 2

I graduated college in May 06 and got married in June 06. My parents are claiming me as a dependent because they paid for my college. (and still paying)

Now I am doing my husbands and I's taxes and I don't know whether to file married filing jointly or married filing singly or even file singly. I myself have not worked, so he is fully supporting us financially.

If it makes a difference I have a student loan of about 11k that I am now paying.

2007-02-06 01:34:23 · 10 answers · asked by velnsweb 1

2007-02-05 19:32:42 · 2 answers · asked by gigi 1

2007-02-05 18:27:33 · 6 answers · asked by jasmin 1

This is actually for next years taxes and I'll probably be working for a total of 3 to 4 months in starbucks...so do i put it in a certain section or how do i file them?

2007-02-05 17:24:46 · 4 answers · asked by Anonymous

I am doing my taxes next year with my husband next year, but i am affraid that he might do my taxes with him and keep the money, can he do this? the w-2 will arrive to our house... ????

2007-02-05 15:47:12 · 8 answers · asked by MagicSea® 1