United States - December 2006

2006-12-29 03:33:37 · 4 answers · asked by sonata 1

2006-12-29 03:27:36 · 6 answers · asked by Liv's Mom 2

2006-12-29 02:11:14 · 4 answers · asked by Tammi B 3

2006-12-29 02:02:42 · 7 answers · asked by smilynoony 2

IRA or 401k, donations, house mortgage interest? I am married with no dependents.

2006-12-29 01:42:31 · 4 answers · asked by qq5121971 2

I work a regular full-time job and normally file a W2 form on my taxes every year with zero dependants. This year however, I began selling designer handbags on Ebay in November and have since grossed about $10,000 more or less. With this additional income, how do I claim a return on my taxes for this. It is alot of money and I want to report it to the IRS because I dont want them knocking my door down later. Is there another form that I have to file instead or do I keep using the same W2 to file both incomes? I have no idea about this stuff and tax season is coming up so I definetly want to be prepared. Please advise! Thanks!

2006-12-29 01:25:40 · 6 answers · asked by Roselyn 2

i donated about $160 to united way this year. i only made about $8,000. since i work pt cuz im a college student. will this make any difference in getting me a bigger tax return or should i not even bother including it?

2006-12-29 01:15:07 · 6 answers · asked by dulcetcalamity 1

what are some things that are considered write off's? i am a newly single mother and would like to get the most from my income tax....what do i need? what are considered write off's?

2006-12-29 00:19:38 · 4 answers · asked by what2do? 2

2006-12-28 20:28:38 · 2 answers · asked by Dina H 2

I am not an employee of this restaurant. I am going to court against this person and I want to show that he is not a law abiding citizen. I am 98% sure he did not take out taxes nor paid his share of social security. This man has taken advantage of my 83 year old father and I want to get him;legally.

2006-12-28 19:58:50 · 2 answers · asked by susan h 1

The school I'm applying to asks that I fill out a 'Request for Copy of Tax Return' and mail it to them. This is the generic one for all U.S. residents who pay taxes, I believe, and the school will forward it to obtain a copy of my parents' tax returns should they question the legitimacy of the form I already have filled out.

What year(s) do they want the tax returns for? I have either the option of putting 12/31/05, or 12/31/06, but my parents say they have not received 2006's yet; is it plausible that the school might want 2006's when those start getting mailed?

If it's relevant at all, this is a private high school I'm applying to. The largest portion of the financial aid application was for 2005's taxes, but they'd also like 2006's by February 9th.

Any help would be much appreciated, as all schools are closed for winter break! :-)

2006-12-28 19:28:16 · 3 answers · asked by Anita 5

2006-12-28 19:03:45 · 2 answers · asked by djclifton5150 1

I've made all my money via independent contracting and AdSense on my web sites, so it's all self-employed. I don't think I've made enough to need to file something, but I figure better safe than sorry.

2006-12-28 18:35:54 · 8 answers · asked by Anonymous 3

Is it counted as income? Do you have to file taxes on student loan funds?

2006-12-28 18:32:06 · 3 answers · asked by Anonymous

2006-12-28 17:48:05 · 7 answers · asked by susan h 1

For instance, when I retire can I avoid paying state taxes on my 401k distributions by moving to Florida, which does not have state taxes.

2006-12-28 17:42:42 · 3 answers · asked by Meadowlark 2

My son (8 years old) has a custodial account. This year his investment account made more than $1600 and triggers the kiddie tax to tax the rest of the income at parent's tax rate.

Is it possible to file my child's return as an individual and not claim him as a dependent on the parent's tax return. That way, the child's return can get the $5000 standard deduction (which will be way more than his income this year).

2006-12-28 17:17:47 · 5 answers · asked by mt19991 1

2006-12-28 16:24:46 · 5 answers · asked by czarina 1

A friend and I had a joint bank account reporting under my SSN. However, I did not contribute any funds to the account. He wanted to put me on the account to avoid going over the FDIC insurance limit at his bank. Is it considered a taxable gift to me under IRS rules?

2006-12-28 16:13:31 · 3 answers · asked by PC 1

2006-12-28 15:29:23 · 7 answers · asked by RICK 1

2006-12-28 14:56:06 · 18 answers · asked by suzyq 2

Im pretty sure you cant have 2 head of households in one house, but what would be the most benefical means of tax preparation? i have made a little bit over 6000 and i have a new son and i am not married, what forms should i file? i used the 1040ez last tax season, and what would be my best interest with tax preparers businesswise?

2006-12-28 14:46:44 · 7 answers · asked by emo_rox12 1

wat dose pre tax deductions mean i think that means no tax) not sure
and what dose total tax deductions also mean?

2006-12-28 14:35:11 · 3 answers · asked by kate c 1

Right now I am a sole proprietor business and my spouse is also the same business, because we can do that in this state. We both earn. I have a self-employed 401(k). Can my spouse also?

Should we become two sole proprietorships? What would be the best reason to incorporate instead?

2006-12-28 14:10:10 · 5 answers · asked by ? 1

How do I avoid the $25/day penalty for goofing and not filing my self-employed 401(k) form for six months? I didn't realize I was supposed to.

2006-12-28 14:01:24 · 5 answers · asked by ? 1

I had my pwn bussiness and now owe money for taxes becuase i went out of bussiness do to lack of income. I need to figure out what i am going to do so that i dont get in trouble. I already lost everything so they cant take anything from me.

2006-12-28 13:22:54 · 2 answers · asked by Anonymous

any last minute ideas to reduce possible tax owed or would this be a waste of time?

2006-12-28 13:12:09 · 3 answers · asked by bacchus_blue 1

2006-12-28 13:06:56 · 5 answers · asked by wickedladyredd 2

I am single, no children, no house, live in CA. i put 2k a year into 401k. They have taken 7,500 out of my paychecks for federal taxes. I will not be claimed by anyone else. THanks for the help!

2006-12-28 12:48:40 · 3 answers · asked by brad_allyn 2

I do research for, and give presentations in, the public and private sector, and have created a consulting firm (LLC) through which to run expenses and to have a business "front" to what I do. I have looked at the IRS Schedule A Itemized Deductions documents, and the Jackson-Hewitt deductions pages online. I have also searched through Yahoo Answers. I'm curious if anyone has created an Excel spreadsheet or if there is another web resource out there that itemizes the tax deductions I would typically be able to make each year. Of course, flights, hotels, gas involved in travel related to the consulting would be deducted, as would computer software and hardware that is needed for the business. It would be fantastic if there was some kind of list out there for consultants who do this type of thing. Thanks in advance for your advice and help.

2006-12-28 12:24:37 · 3 answers · asked by ibeinc 1