Taxes - December 2007

after expenses the net was $9000.00 with $3500.00 for expenses. i have 1 child and my husband is on disability i know you have to pay self employment taxes, and social security tax, but with 1 child would i get any refund back?

2007-12-27 13:43:44 · 3 answers · asked by Anonymous in United States

My retired grandfather babysits our son...can we file this on our taxes without my grandfather having to claim it as income?

2007-12-27 13:39:42 · 4 answers · asked by Anonymous in United States

I recenlty lost a frivolous lawsuit in Civil Court? I am wondering if the person who won the case against me can take my income tax return? Or can I pay the judgement against me out in payments?

2007-12-27 13:37:10 · 3 answers · asked by Melinda Marie 2 in United States

I read in paper that due to some upgrade with the irs, people who used to get rapid refunds with last paycheck stub will no longer be able to? That the IRS did away with that? Does anyone know?

2007-12-27 13:33:11 · 2 answers · asked by Becky 1 in United States

Usually I work a regular 40 hour job but this year I worked for myself getting my work by going door to door trimming trees. So I want to know how I should file taxes this year,and if I am eligable to get the BIG return {4000-6000} I have got in the past becuase of the kids

2007-12-27 13:23:29 · 1 answers · asked by dusty 1 in United States

I was looking through some cities on Bestplaces.net and I noticed that in many Southern states there is a 0% income tax. Missouri, one state I'm interested in, has a brutal 7% income tax. What is up with that?

2007-12-27 13:02:17 · 8 answers · asked by Defunct 5 in United States

hes on ssi/disability

2007-12-27 12:58:45 · 5 answers · asked by Anonymous in United States

Long story short...husband and I made approximately $60,000 in 2007. An error was made and he's been claiming 4 people for 6 months on his paycheck, (I claimed no one through the year). We only have a family of 3 so how 4 people were made exempt is beyond me. We've paid approximately $6540 in federal and $2720 in state. How much are we going to have to pay in? And what will happen if we can only do a payment plan? Do we have to get a lawyer to setup a payment plan? Any info would be appreciated.

2007-12-27 12:56:00 · 4 answers · asked by no one 2 in United States

Why doesn't the IRS make strippers pay taxes on their tips, but cracking down on these poor Dunkin Donuts and other minimum wage employees? Does anybody know?

2007-12-27 12:50:04 · 9 answers · asked by JAS 6 in United States

2007-12-27 12:47:55 · 5 answers · asked by Frederick S 1 in United States

How do I know if I'm going to be paying in on taxes. My dad claimed me last year and I had to pay in becuase I claimed myself all year. whatever anyways.....I want to make sure I'm not gonna have to pay in. So if I make 17, 435.56 in one year. How much will I have to pay in and how much will I get back. 2 scenarios...need answers....thanks!! )) I think I claim one. But I think I claim myself. I dunno. taxes suck

2007-12-27 12:17:20 · 5 answers · asked by Anonymous in United States

state sales tax is 6% country sales tax is 1/2% how much tax must you charge on a $40.oo sale?

2007-12-27 12:08:03 · 3 answers · asked by nikkisdaydream 1 in United States

I don't really feel like paying $400 bucks again this year.

Isn't it essentially just inputting your data from your W-2 form and filling out the sections for your deductions?

They make the software "dummy proof" - don't they? Or as much as possible since the makers know that those doing their own returns are not tax professionals.

Thoughts?

2007-12-27 11:53:17 · 5 answers · asked by Anonymous in United States

My Dad gave me $80,000 from the sale of some property as a gift. He passed away just last Friday, and I hate to think of money at a time like this, but I'm wondering what will happen as far as taxes! I know you have a 12,000 exemption. But will I need to pay a gift tax on this since he can't? And what about capital gains tax? Any help is appreciated! thanks!

2007-12-27 11:50:43 · 7 answers · asked by Anonymous in United States

i have made 34,300 dollars this year and the government took 8,952 dollars way. how much should i get back?

2007-12-27 11:49:53 · 3 answers · asked by <3 luke is here!! <3 6 in United States

Last year EVERYBODY was e-filing on the 2nd of January. They were getting pay stub loans and spending money at the mall. Can it be done again this year? I heard that it has been DISCONTINUED. Is that for every single tax office in the US?

2007-12-27 11:43:22 · 3 answers · asked by zebo007 3 in United States

2007-12-27 11:35:27 · 6 answers · asked by stepsonofsam 1 in United States

but they overstated my income by a large sum. I made a substantially less amount than stated on the 1099. What should I do?

2007-12-27 11:24:50 · 6 answers · asked by Anonymous in United States

Instead of paying $3 for every stock transaction, I decided to do it myself with the help of some savvy commercial software program designed specifically for traders with wash sales.

But the question is how do I e-file now?

Since the schedule C is a hard copy, how do I go about doing this?

Any suggestions? I'm going to use H&R Block next month.

2007-12-27 11:16:51 · 2 answers · asked by Anonymous in United States

On my mutual funds, I received transactions like this:

Dec 18, 2007 Capital Gain Reinvested $63.16
Dec 18, 2007 Capital Gain Payment $29.81
Dec 18, 2007 Dividend reinvestment $12.28

This is a tax question - I understand what is going on here, but I forget which is short term and which is long term - the payment or the reinvestment? I know the dividend is normal income.

thanks!
~nf

2007-12-27 10:52:57 · 3 answers · asked by Tommy 2 in Other - Taxes

2007-12-27 10:51:54 · 3 answers · asked by Anonymous in United States

2007-12-27 10:46:59 · 9 answers · asked by CURTIS M 1 in United States

I had my sinuses cleaned out and had the surgeon also perform some cosmetic surgery on my nose at the same time. I was told some of it would be billed to insurance but wasn't coverable because of the cosmetic surgery done. Can the costs be deducted as medical expenses on income tax?

2007-12-27 10:36:29 · 9 answers · asked by Protector 1 in United States

i did not make a copy of my tax returns and i filed on line.how can i get a copy of my return??

2007-12-27 10:23:54 · 4 answers · asked by Anonymous in United States

2007-12-27 10:05:53 · 4 answers · asked by joemysterio 2 in United States

I have two children and a non-working significant other in my home. I claimed exempt and did not change my exemptions back. I usually get anywhere from $3500 to $5000 back due to EITC and Child Tax Credit.

2007-12-27 10:05:27 · 2 answers · asked by awalton 1 in United States

2007-12-27 09:31:15 · 3 answers · asked by Anonymous in United States

i'm wondering how in the world i will cash my income tax return with no checking account, the check will be close to 4000 dollars. i want to have it direct deposited into my dad/s account but i'm afraid it won't work. i don't want to pay all those crazy check cashing fees. i was wondering if i got a prepaid visa card if i could have it deposited on to that. anyone have any ideas on how i can cash the check?




i've had a checking account in the past and wasn't very good at keeping up with it, so i'm wanting to get another one yet, plus i don't even think i can.

2007-12-27 09:03:52 · 7 answers · asked by Anonymous in United States

2007-12-27 08:58:28 · 5 answers · asked by Anonymous in United States

I am a single mom who just moved out of state for the safety of me and my 2 children ( abusive ex ) So i need to file my taxes immediately... THANK YOU

2007-12-27 08:46:40 · 5 answers · asked by elsa_thats_me 1 in Other - Taxes