United States - January 2007

Joe Smith paid $500.00 to attend a fund raiser for a qualified charity 100 miles from home. He purchased a painting at a silent auction for $1000.00. The fair market value of the painting was $250.00 and the dinner was $50.00. While there he met the governor and contributed $500.00 to the governor’s re-election campaign. How much can Joe claim as a charitable contribution deduction? Why?

2007-01-02 09:27:08 · 3 answers · asked by bueyes67 2

2007-01-02 09:23:12 · 2 answers · asked by siucdeltasig 2

2007-01-02 09:13:11 · 5 answers · asked by jenchell1994 3

Dh & I owned a home 2005 (home number 1), he lost his position through a company buyout that same year after 10 years of employment. Through the buy out money, with a 401 cusion, we opened a business, sold home number 1 and invested in home number 2 in 2005 because we needed business space. New business failed, then we were forced to sell home number 2 due to ability to pay our bills. Not profitting but making only what was invested in both homes. This occured in April of 06. We then bought a lesser valued home May of 06, remodeled it, have been restored financially and want to move back into a larger, nicer home. We have manged to keep our credit good and the banks have prequalified us to purchase another home. We will profit from this home but only about 50,000. However, knowing that we could get hit with Captial Gains is a scare. What do we risk selling this house and buying a more valuable home this year since we have sold 3 in the last 2? Does the unemployment situation help us?

2007-01-02 08:59:10 · 5 answers · asked by Anonymous

I always have filed single, I have no kids and I usually claim one (myself) or zero. My friend lived with me for this past year for about eight to nine months. Can I claim her and her kids is this legeal? with a major change this I dont want to get audited. Please Help!

2007-01-02 08:53:15 · 5 answers · asked by Renee in Texas 1

Is today a federal holiday?

2007-01-02 08:43:06 · 5 answers · asked by Anonymous

Does anyone know if I could use this as a tax credit? It would be nice to get some of the interest I paid back. My 2006 adjusted gross income was $28,000.00. I paid nearly a $1000.00 in federal taxes.

2007-01-02 08:33:02 · 6 answers · asked by autustle 2

I already know that Jackson-hewitt does this, but i want to file my own taxes. Ive checked all websites, and they still have not answered my question. Please assist. Prefer people who file their own taxes. But any assistant is appreciated Happy New Year to all.

2007-01-02 08:25:52 · 2 answers · asked by sadden1975 1

And I only claim myself and I do not own any property or anything and I'm not a student approximately how much should I expect to get back from my tax return?

2007-01-02 08:11:41 · 5 answers · asked by Anonymous

My dad and my mom divorced. It's only my mom that is taking care of me.

2007-01-02 07:54:02 · 10 answers · asked by Anonymous

2007-01-02 07:52:05 · 6 answers · asked by andy e 2

but i receive food stamps and medicaid from the govt i state that i am single he moved in with me 8 months ago

2007-01-02 07:27:49 · 8 answers · asked by k 1

I do not have a job so have no income to claim this year except I did win the lottery they took 15,000 in taxes I was told that I canclaim this and maybe get some back I was wondering if anyone knows how to go about it and how much of a precentage I should get back thanks for the help

2007-01-02 06:54:44 · 2 answers · asked by Anonymous

I'm filing for divorce this month and we're splitting our assets 50/50. My tax-savvy EX wants to do the 2006 years taxes as "married filing jointly" so we both can benefit with a larger refund and she says she'll mail me my portion once it's cashed (yea,right). How can I make sure she doesn't get the refund and keep it (she can forge my name very well). She lives across the country from me. Any ideas???? I wonder if I can take care of that through the IRS rather than in my divorce papers. It just seems that no matter what it says it divorce papers...once she's gets it and spends it ..I'll never get it back

2007-01-02 06:32:36 · 7 answers · asked by 2 2

How should we file our taxes? Joint or separate, or does it matter and if he didn't make hardly any money at all, can I claim him in anyway? Also he finaly got a job and worked in December but his boss didn't take out taxes what do we do about that, will we get in trouble? HELP I'm soooo confused!

2007-01-02 06:24:35 · 6 answers · asked by Lovely Lady 27 5

TAX QUESTION

2007-01-02 06:20:12 · 15 answers · asked by Shawn 1

2007-01-02 05:51:44 · 3 answers · asked by Joe C 2

The land is in Alabama, if it matters.

2007-01-02 05:49:15 · 4 answers · asked by Susan L 7

2007-01-02 05:30:12 · 1 answers · asked by jokerplus3 1

or would it be better for me to just stat the way i am ...I know petsmart has alot of things that would help out alot if I became tax excempt

2007-01-02 05:27:21 · 5 answers · asked by GrassRootsRabbits 3

I get my check 2 to 3 days late each pay period. My husband and I work together, he gets paid once a month and his check is usually 2 to 3 days late. Is there a law against this? Or is there nothing we can do anout it?

2007-01-02 05:19:11 · 7 answers · asked by Kim C 1

When is the first day you can file your returns? I have my last paycheck stub of the year and i know my jobs FEIN so when can i go to H&R block lol. I Live in RI

2007-01-02 04:08:36 · 14 answers · asked by Anonymous

2007-01-02 03:50:31 · 15 answers · asked by Janice W 1

Okay tax people, your knowledge is requested! We built a house in 2006. Recently, we paid $300 for an inspector to come out and perform all sorts of tests to certify it as an Energy Star certified house by the EPA. It passed and the inspector told us to look into tax credits. Anyone know a good place for me to get information on this - or possibly anyone know it off hand?

2007-01-02 03:50:09 · 3 answers · asked by JenEstes 5

Full retirement age means that you won't get a benefit rate which has been reduced because of age.

2007-01-02 03:34:33 · 6 answers · asked by Anonymous

pay? I live in Oklahoma....

2007-01-02 03:32:25 · 8 answers · asked by Anonymous

My husband made in gross pay $40080.00 this year and in net pay it says $30606.12. I dont work and we have a 4 year old . federal only took out $1397.00 social security took out $2484.97 and medicare took $581.00.Does anybody know if i should expect a tax refund this year or not?this is for the whole year.I tried using taxcut but i got all confused can anybody help?

2007-01-02 03:17:36 · 5 answers · asked by daisygurl326 1

I'm single, self-employed, doubtful and scared of audit if I claim a home office, travel a lot for work (car, plane, hotels), have to eat on the road a lot, but usually alone, have a 401(k), member of professional associations, medium credit card debt, minor bits of work equipment, moving from Los Angeles to New York this year.

I welcome general hints but especially interested in links to more complete resources.

2007-01-02 03:16:30 · 5 answers · asked by Mark S 5

I need money now and i go to h and r block, most of my refund is earned income credit , a few thousand dollars, does anybody know if that effects the refund

2007-01-02 03:11:36 · 1 answers · asked by lisa m 1

I've always just filed for myself but this year I get the earned income credit and I can claim head of household and claim my daughter and I don't know how to do it myself... I've heard that H & R Block take like $300 dollars from your return... what company would you suggest that does it correctly but doesn't charge an insane amount of money? (300 doesn't sound like a lot but if I'm only getting 2000 or less back, it makes a difference)

2007-01-02 02:58:02 · 7 answers · asked by Mel 4