United States - January 2007

I know that they take a % out for the federal government when they cut the check, but could I incur more penalties when I file my tax return for '07. Would it be better to put the money in an IRA when I get it? I am going to be a stay at home mom now and I can't roll it over to another 401k plan.

2007-01-07 11:15:52 · 8 answers · asked by Smart1 3

These medical payments were made from deductions from my paycheck and reduced my taxable income.

2007-01-07 11:14:44 · 6 answers · asked by Mommy 3

I did not work in 2006, but I have worked in prior years, so do I still have to file a return?

2007-01-07 10:55:24 · 5 answers · asked by elfuegoheat 1

I have lived in Texas for 2006 except for a 3 month visit to family in Hershey Pennsylvania. While I was there I was offered a job and took it. I have always filed my taxes on www.intuit.com (which uses turbo tax). I started working on my tax return and I am just stumped. Pennsylvania had state and local taxes. I also worked for the state so they deducted a percentage for retirement. While going through turbo tax it asked if I lived out of state? So I selected yes and it asked when I became a resident of Texas. I have lived here for 10 years =( The next question was if I worked out of state. Do I need to file 2 returns? One with my Texas job and the other for when I worked in PA? I'm thinking I should go to HR Block to avoid mistakes but they are such a rip off....Any Advice?

2007-01-07 10:46:00 · 5 answers · asked by Lee 2

I have a $4,000 bill for plumbing repair on my primary residence. This was not covered by insurance, but the repair was necessary to make the home habitable. THANKS!!

2007-01-07 10:42:49 · 8 answers · asked by Sammy Da Bull 3

I used my personal savings to open a new location for my s-corporation. Can I deduct the money I spent on my personal tax return?

2007-01-07 10:39:37 · 3 answers · asked by jtesta46 1

2007-01-07 10:32:51 · 3 answers · asked by rectax 1

What all would i have to do if i wanted to files for taxes? i was curious because i have a job , and i pay taxes . Since im 18 and work i was just wanting to know how much the limit was to where you could file them? If anyone could tell me more or as much information as they could i would really appreciate it . I wanted to file my taxes and get some money back! =) THanks

2007-01-07 10:15:32 · 5 answers · asked by Krzy_ Danxin_ Latina_07 1

I know last year I ended up getting messed over when I let my mom claim me on her OHIO income taxes because I made over $5000. I still live with her and she pays my car insurance and everything but I dont wanna loose out on what could be hundreds of dollars.

2007-01-07 10:13:43 · 3 answers · asked by Anonymous

I have done this in previous years.However, last year when my daughter started college,I ran into some problems because my W-2's didnt match what I claimed I made on the Fafsa.Do you use the year to date income or the fit taxable income?

2007-01-07 09:54:01 · 6 answers · asked by adimeandchange 1

My husband & I separated in March of 2006; he is filing “married filing separately.” He’s asked that I allow him to claim my daughter from a previous marriage as a dependent on his taxes being he has claimed her the past 8 years and is one of his exemptions. (For withholding purposes.)


I am filing “head of household.” I have a son from a previous marriage who is a full-time college student and I claim him as my dependent. (I have prepared my taxes through TaxCut and going through the steps, since he is under 24 and a full time student he would qualify as my dependent under filing “head of household”. My total income for 2006 is $6515.00.)


(What I am asking is, there is nothing wrong with allowing my soon to be ex to claim my daughter from a previous marriage, so he does not get screwed over on his taxes, since he has been claiming her as an exemption. It doesn't affect my refund much by not claiming her myself, but will make a difference of him owing or getting a refund.

2007-01-07 09:13:03 · 2 answers · asked by Anonymous

2007-01-07 09:12:26 · 2 answers · asked by Strawberri S 1

2007-01-07 09:06:12 · 7 answers · asked by Strawberri S 1

What small business expenses I occureed last year can I deduct?
For example, meals with clients, marketting, office supplies, etc. what other categories would you suggest? I need to deduct a lot

2007-01-07 08:58:10 · 5 answers · asked by blindevolution 2

2007-01-07 08:40:40 · 4 answers · asked by hendu2875 1

Just want to make sure that I do not need to claim the dividends from my IRA - since they go right back into the IRA they will be taxed when I withdraw my IRA - correct?!?!?!

2007-01-07 08:05:27 · 2 answers · asked by rzeta94 2

2007-01-07 07:58:15 · 3 answers · asked by Bat 1

When you refianace does your property taxes increase?.

2007-01-07 07:43:35 · 7 answers · asked by ashwiniak2 1

2007-01-07 07:23:20 · 3 answers · asked by Anonymous

2007-01-07 07:21:34 · 4 answers · asked by Anonymous

2007-01-07 07:05:40 · 7 answers · asked by Randy M 1

I am nearing retirement and have about 25k in untaxed money in a retirement account through my employer. I am looking for a way to roll it over tax free and still keep investing it safely but have access to it as needed with no withdrawal penalties. Is there a way ??

2007-01-07 07:01:08 · 5 answers · asked by Anonymous

A high gas tax would be an incentive to conserve gas and oil. THis would help kick our dangerous oil addiction and total dependence on very unstable and nations that hate us. So would you welcome a federal gas tax of $2 a gallon if in turn income taxes were reduced by an equivalent fiscal amount? After all, high income taxes just discourage entreprenership and business incentive.

2007-01-07 06:43:34 · 9 answers · asked by Anonymous

Need about 5years of taxes done, including last years. I live in California. Would be 1040EZ I dont own any property or have any kind of loans or any deductions and I am single.

2007-01-07 06:40:28 · 7 answers · asked by ►►BLOGGER◄◄ 5

2007-01-07 06:37:54 · 3 answers · asked by Bat 1

Will I owe any federal taxes on the proceeds? Approximately $200,000. I also inherited about $50,000 that was in a savings account. Not sure of my tax burden if any.

2007-01-07 06:34:49 · 5 answers · asked by Anonymous

when i can do my tax file and how?

2007-01-07 06:33:00 · 1 answers · asked by TONDRA A 2

I am planning on filing Head of Household and claim my children from my first marriage, and letting my husband (we are separated – he lives next door with his mother and I live in their rental property. Son spends more of his time there.) claim Head of Household with our son since he is the one who financially support our son mainly. My monthly income is child support from 1st marriage, and my income is only about $600.00 bring home a month. I am planning on using my refund check to get my own checking acct. and one of my questions is, can we both have our refund checks direct deposited into our existing joint acct. (Since our refund checks will only have one of our names on them.) Then close that acct. and each open our own? (I get so worried one little glitch in a delay of a deposit or something will reek havoc with my very tight budget.) We still have a joint acct. and I have no access to it (by choice) and he gives me my child support payments that are direct deposited into it.)

2007-01-07 06:26:38 · 4 answers · asked by PuterAddict 1

He is a full time student with no income. What about his school expenses can I claim them? We have lived together for almost two years.

2007-01-07 06:18:34 · 2 answers · asked by Elena 2

I got married in Aug. 2006. But we forgot to update my marital status to 'Married'. For AUG/SEP/OCT/NOV/DEC I paid taxes as I were a SINGLE.I could save $400 per moth if my status would have been updated .My queston is can I get a refund for what I paid extra for these 5 months.

2007-01-07 05:58:18 · 6 answers · asked by TechTeen 1