United States - December 2006

Would it be a business expense?

2006-12-13 07:03:18 · 7 answers · asked by dik_09d 1

If I am an individual taxpayer and I decide to make a charitable gift after January 1, 2007, can I deduct that from my 2006 taxes? and if so, how long into 2007 do i have to make that charitable gift?

2006-12-13 06:45:37 · 6 answers · asked by Drew G 1

if it has been a while sense you file for your income taxes is there limit on how far the goverment can go back

2006-12-13 06:32:13 · 7 answers · asked by eliesmommy 2

I'm just now filing my tax returns for 2004 and 2005. I waited since I knew I had refunds coming to me. I expect to receive these refunds in 2007. Will I then have to report them as income received in 2007 and pay taxes on those refunds? I didn't think I would but a friend thinks I'll have to treat it as income since I waited too long (over 1 year)

2006-12-13 06:20:49 · 6 answers · asked by Swing K 2

I am looking at form 1040 for 2006 (to be filed in 2007), and there is no line for Tuition and Fees Deduction (was line 34). How can we claim this deduction this year or is there no way to? :(

2006-12-13 06:15:39 · 4 answers · asked by jenl2881 2

2006-12-13 06:09:40 · 4 answers · asked by maegengreer_1983 1

2006-12-13 05:45:21 · 9 answers · asked by Sharon C 1

The company I was laid off from just laid me off. Im looking for a way to report them for paying there employees under the table and also tax evasion. They sell goods through a retail store and dont make the customers pay taxes. I was not paid under the table so Im not worried about that. Is there a website I can file a complaint?

2006-12-13 05:24:01 · 7 answers · asked by E 2

I'm doing my taxes here in Florida and for the year 2006 my husband and I worked at a job where we were paid salary plus commission. Do we include the commission as earnings also? If I do it shows I owe the IRS. I've never owed them before. We will file married filing jointly and we have no kids. Any Tax advice anyone?

2006-12-13 03:38:31 · 2 answers · asked by isladelmar7 2

2006-12-13 03:17:07 · 2 answers · asked by jennifer m 1

2006-12-13 02:12:20 · 6 answers · asked by Amy T 1

So, I read that in 2007 people can now deduct PMI payments from their income taxes. What are the rules reguarding this change?
Does the loan have to originate in 2007? Also, do you think it is better now to pay PMI or to take out 2 loans (80/20) while paying higher interest rate on the 20% loan?

2006-12-13 01:47:47 · 5 answers · asked by CoCoKauai 3

link to the source of information is a plus

2006-12-13 01:42:28 · 7 answers · asked by linl 1

2006-12-13 01:30:15 · 5 answers · asked by wmf936 5

Hi
I just want to know how does one calculate deductions from money received from a not for profit organization?
1. I live in Illinois
2. For my service she is paying me 300 a month.
3. She told me I would have to have my own taxes deducted?
Help!!!!

2006-12-12 23:26:16 · 4 answers · asked by Jazi_1 1

My friend owns a pool cleaning service and I am interested in starting one as well. He told me that I would not have to pay taxes on any of my income during the first year. I have scoured the IRS website and the web, with no luck. Can anyone help?

2006-12-12 22:46:49 · 6 answers · asked by davidm_42 2

2006-12-12 19:37:47 · 13 answers · asked by Anonymous

2006-12-12 18:58:21 · 5 answers · asked by financial c 1

2006-12-12 18:55:45 · 2 answers · asked by Anonymous

A few people online have stated that if a bill collector agrees to forgive the interest on a loan, and only requires that I pay monthly on the principal debt, I will eventually receive a 1099 form for the amount over $600. However, the collector says since I am paying off the original amount due(principal), minus the interest and late fees, I will not receive a 1099 form since they are willing to settle for payment on the principal. Is this possible for a collector to do? Or is this a trick, and I'll receive a 1099 form eventually? I will be making low monthly payments on the debt for the next few years and I'm currently on a fixed income without valuable assets.

2006-12-12 17:17:59 · 4 answers · asked by Anonymous

The checks are dated in December of this year. How do I adjust invoices in Quickbooks so that a Profit Loss statement for this year does not reflect invoices whose checks I am not depositing?

2006-12-12 16:27:57 · 7 answers · asked by dik_09d 1

I am freelance videographer. I NEED a new computer ASAP but I already have sufficient deducations for this year's taxes. If I purchase the computer on credit card and do not pay for it until next year (January), is it considered a purchase made for next year?

Where can I read about this?

2006-12-12 15:57:23 · 3 answers · asked by John 3

So I have two children ages 2 and 5 and I made alittle over $10,000 this year. Could anyone give me a rough estimate based purely on this information how much I can expect to get back in taxes? Also in what month do we usually file and recieve our refunds?

2006-12-12 15:10:56 · 5 answers · asked by emily51501 2

I paid 12,000 dollars will I get all of it back? this is my first home so I don't know.... Thanks

2006-12-12 15:06:51 · 3 answers · asked by Anonymous

If I purchase some machinery, are the sales taxes on this purchase allocated to the machinery account or is there some other account that I would put these taxes? (ie: a deferred charge account or a special tax expense account?)

HELP!

2006-12-12 14:43:15 · 4 answers · asked by Lady D 3

I need to know if you are sent a 1099 from your employer does the irs get a copy of the same 1099 or do you have to send the copy? Can you be located on using a 1099 form, ie if you don't want to be found is it wise to use a 1099? Once you get employed and your employer sends in the 1099 what information and who can find you based on the information from the 1099? How long does it take once it is filed to be located? (need to protect my small child from bad family member incase you are wondering)....
Thanks for all information....

2006-12-12 14:39:16 · 4 answers · asked by jessie 1

Ok im 16 years old and i need some enlightenment on income tax. I worked over the summer and on my pay stubs it had social security and medicare deductions but no income tax deduction. It only says in the corner under "status fed/state" Don't withhold/exempt. So when tax time comes around do i need to send off 10% (the bracket for my gross earnings) of my earnings or what? and tax refunds? ahhhh, so confused please explain from square one.

2006-12-12 14:32:23 · 4 answers · asked by chrishenderson08 2

Tennessee in Illinois? (talking about w2 taxes) or do i need to file in Tennessee? serious answers only please we really need some help with this before we move please.

2006-12-12 14:31:17 · 5 answers · asked by Anonymous

2006-12-12 14:24:07 · 6 answers · asked by mystic4624 2

2006-12-12 13:56:45 · 4 answers · asked by anti_socialparanoid 1