United States - December 2006

What's a deduction? and a taxable deduction?

2006-12-30 06:06:25 · 6 answers · asked by Anonymous

i had a pell grant foo school and had to drop out due to work related issues. the school sent me a letter stating that the government was refunded their money, but that i owe them the tuition now, which is fine, and i have started paying them already. my question is, will owing a community college that money hold up my tax refund in any way? can they seize my refund for repayment of the balance since the government has already gotten their money back, or will i get my refund? it is not in collections yet, as i have made payments already.

2006-12-30 04:22:56 · 3 answers · asked by whatzit2ya 1

Anyway to legally write off a gym membership>

2006-12-30 02:53:37 · 5 answers · asked by Anonymous

2006-12-30 02:47:10 · 10 answers · asked by Anonymous

It is still listed on my Nov. phone bill. Even though it's just $1.02, shouldn't it be removed with the new tax law?

2006-12-30 02:35:50 · 2 answers · asked by melanie 3

2006-12-30 02:14:32 · 6 answers · asked by Richard S 1

Ive been working abroad non stop almost three years (Jan 04-present.) And I Have not filed income tax reports since 2003. Originally I was studying and was paid a stipend below US poverty line (SS even was not withheld..)Now I am paid (as a teacher) entirely by a foreign company with my primary residence and all assets here. Since I never filed, (I may have had nothign to report) I am wondering what various options or problems I might have with regard to my U.S. taxes (both old and new) should I return to the U.S and find work teaching or in the public sector. Is it likely I would need to backfile or even a tax lawyer?

2006-12-30 01:31:02 · 5 answers · asked by zackadoo 4

A couple of days ago, my inept manager at work blurted out that she only pays $1.75 per paycheck to state taxes (we live in michigan), I questioned her on this and she said it was because she claims 6 dependants. I asked her how she can claim 6, because the only people in her house are her 2 kids and herself.

She stated that she claim herself and the 2 kids as 3, then also claims herself as "head of household" and also gets 2 more dependant deductions because she is low-income.

Does this even seem right to you? Is this legal to do??

2006-12-30 00:20:42 · 6 answers · asked by stolibabe2003 3

2006-12-29 23:31:50 · 6 answers · asked by Davina Z 1

I take care of my mom. I have been supporting her for 1 year and been seperated from my husband and living on my own for 6 months.

2006-12-29 20:37:32 · 5 answers · asked by Mandie H 1

Someone told me that 33% is taken from a paycheck, but I not exactly sure. Thanks!

2006-12-29 18:42:43 · 4 answers · asked by SarahG 1

2006-12-29 18:32:53 · 6 answers · asked by Jon C 2

I have a friend who, while in Washington, D.C. flipped of the IRS building. Personally, I can't see why people complain so much about paying taxes.

2006-12-29 18:05:09 · 5 answers · asked by Anonymous

I file head of household, as so does he, but not in 2004. Can that come back on me? What should he do. I still care for him and don't want to see him jailed or something.

2006-12-29 17:40:38 · 7 answers · asked by Anonymous

2006-12-29 16:31:27 · 13 answers · asked by doeboy 1

If he does will it effect the amount of our return?

2006-12-29 16:12:10 · 9 answers · asked by pscornine21 1

I hear tax laws have changed regarding writting off donated vehicles. I mean, how bad can it be? If anyone experienced something like this let me know, or know much about the laws on car donations etc.

2006-12-29 15:37:35 · 5 answers · asked by ELO 1

My company pays me $2.68 per hr the rest is in tips. They submit the $2.68 plus any tips paid by credit card or debit. Any cash tips are up to me to submit to the IRS. I average about $15.00 per hr.

2006-12-29 15:17:30 · 5 answers · asked by Anonymous

2006-12-29 14:47:53 · 1 answers · asked by musicman 5

Who can tell me what a simple IRA is? My boss says that I am elligble for one and she wants me to take advantage of it now because she's also giving me a pay raise and she says that now is a good time to do it. She said that what ever I take out that the company will match up to 3%. Is this a good idea? I'm not so good with numbers and taxes and things like that. I need some advice on this in simpler terms. Thanks...

2006-12-29 14:24:31 · 6 answers · asked by ? 2

2006-12-29 13:29:25 · 1 answers · asked by man 1

2006-12-29 13:20:33 · 4 answers · asked by Jimmy T 1

I will have deductions and have never used Turbo Tax before. This is my first semester at a University. I always file my own taxes though.

What items can I get deductions and credits on for being a student? I worked very little and made probably under $6,500 for the entire year. Should I expect to get a decent refund back?

2006-12-29 12:18:32 · 6 answers · asked by ghirardellichic 2

I purchased a new 2006 Toyota, Avalon for $29750.00 cash in July 2006. The question is the sales tax, tax deductiable, for the year of 2006

2006-12-29 12:15:33 · 4 answers · asked by jimbo 1

2006-12-29 12:06:06 · 3 answers · asked by christine t 1

I heard that if you are old enough to work that you will get income tax is that true

2006-12-29 11:32:22 · 5 answers · asked by APerfectCircle 2

it is an amount added to my check and then deducted

2006-12-29 11:05:18 · 1 answers · asked by Belly 4

2006-12-29 10:42:58 · 5 answers · asked by Anonymous

I'm considering opening an online savings account with ING . . . is there a benefit to doing it while it's still 2006 or will this be a liability for some reason. I'm clueless when it comes to financial/tax matters!

2006-12-29 10:27:32 · 6 answers · asked by SWMynx 3

2006-12-29 10:17:00 · 10 answers · asked by bilolo 1