United States - January 2007

Do I have to put a dollar value amount when you recieve donated items (not cash) to your non-profit organization?

Or do I just send a tax letter stating what was donated?

Do I have to list everything? As we have recieved a lot of small household and construction items.

2007-01-02 02:34:17 · 2 answers · asked by Anonymous

2007-01-02 02:03:09 · 11 answers · asked by jocelyn26 1

can i do my taxes over the telephone?

2007-01-02 01:40:38 · 3 answers · asked by jon f 1

I know we can claim our co-pays, medicine and supplements that are prescribed by our doctor, and specialty diet items prescribed by our doctor due to food/protien allergies and intolerances, but is there any other breaks other than those that we can get or other areas that we can claim. Its been a tough year and we need all the help we get! Thanks.

2007-01-02 01:33:58 · 3 answers · asked by H Brooks 2

We have looked the information up on the IRS website and also H&R block but not too clear on this. It talks about 'gifts received' but nothing about cash money...Do you have to claim money you received as inheritance? say to the tune of $40,000, or is it considered a gift and not taxable? Thanks for your help!

2007-01-02 01:09:03 · 8 answers · asked by Gaby A 4

What are the limits to this? How much can be claimed and deducted? Any further info and insights into this?

2007-01-02 00:56:30 · 9 answers · asked by casey_leftwich 5

I live in Pennsylvania in the U.S.A.

2007-01-02 00:52:15 · 7 answers · asked by phenixk 2

No Home business, No Dependents, No Spouse, No Investment Property

Please provide IRS form # and Source.

Thank you

2007-01-02 00:23:12 · 2 answers · asked by crimsonreign96_2 2

i have check their web site and don't see any info on it.

2007-01-01 23:27:47 · 10 answers · asked by beatiful one 2

Since I filed bankruptcy, will It be best for me to file short form as I did before or is it better for me to have a tax preperation company file long form? I'm not sure if filing long form is beneficial. We have one child as a dependant.

2007-01-01 22:35:49 · 7 answers · asked by moose on the loose 3

I just want to rant! My property taxes in Chicago have increased 300% over the past 6 years to almost $10,000 for a small condo. I know that I could make a few $ if I sold..But is this fair? will taxes reverse if the values go down??? Anybody else pissed off out there?

2007-01-01 18:45:15 · 5 answers · asked by corporatetrade 2

I went to the federal building and was told I could not file my taxes even seperatly with out having his information and that since we live in comunity property state I would be liable for his taxes as well as my own even thought he earns three times what I earn.

2007-01-01 18:06:50 · 4 answers · asked by stuck 1

I worked very very little last year and was pregnant, but delivered my son within the year. Im single and considered low income because Im not currently working.

2007-01-01 16:38:55 · 7 answers · asked by prettylittlepowderkeg 3

just wanted to know if would get any mony for my child if i made less then 7,000 this year

2007-01-01 16:37:59 · 4 answers · asked by Anonymous

My husband is on full disability from social security. We get a monthly check for him and our two children. I worked for a short time and made less than $1,000. On income tax, I know this his amount of disability is not taxable. However, my income was. NOW--the child tax credit would be $2,000. Will we be allowed to claim that full credit, although we did not have that much taxable income?

2007-01-01 16:11:59 · 4 answers · asked by donnabellekc 5

Do you HAVE to fill out your W-4s, can the gov't tax your time? I was told you can opt to NOT fill out your W-4, keep all your money each week- but you can't file at the end of the year for a refund (as you have paid no taxes in)- is the true or is someone trying a line of B.S.?

2007-01-01 16:07:25 · 7 answers · asked by cherrie_pie_69 2

I am 17 years old and I worked all of 2006. I worked three jobs and now I want to know can I get my taxes filed. I heard since I am a minor, I legally can not file my own taxes but I could get my parent to do it for me. The Main question I am asking is since my mother still claims me on her taxes, can she file for the work I have done so I can get my money back?

2007-01-01 15:54:54 · 7 answers · asked by Anonymous

need to know NOW plz urgent

2007-01-01 15:41:02 · 10 answers · asked by aar_babie 2

2007-01-01 15:16:09 · 5 answers · asked by india 2

2007-01-01 15:10:21 · 7 answers · asked by Anonymous

i made approx 17,500 how much taxes have i paid?

2007-01-01 15:05:39 · 5 answers · asked by Anonymous

2007-01-01 14:47:41 · 10 answers · asked by aaronmorris82 2

2007-01-01 14:29:52 · 6 answers · asked by sgilliam22@sbcglobal.net 1

A person goes into the IRS office with a 1040 filled out except for the signature.

The following questions are proposed:


I am not sure if I am required to fill out this 1040 Form. My friends told me that I must.

What is the Code section that indicates a Form 1040 is required?

Before signing the form, I read on the Form that I would be signing it under penalty of perjury.

By signing the 1040, would be giving up my right to be silent under the 5th Amendment ?

(A suspected murderer would not have to do or say anything.)


Will an IRS offocial sign a statement, under penalty of perjury, indicating my requirements and the Chapter and Section that states my requirements?


In other words, other than my friends, who in the IRS or what section of the IRS Code would lead me to believe that I am liable for paying an Income Tax, and because of this requirement, indicate my requirement to fill out and sign (under penalty) a 1040 Form?

H.S. Student.

2007-01-01 14:10:45 · 10 answers · asked by Anonymous

To figure out and claim business-related expense deduction for having worked under 1099 as an independant contractor, what form do I use?

Is it Form 1040-ES or Schedule C-EZ (if my exception is under IRS threshold) or both?

2007-01-01 14:07:07 · 4 answers · asked by Anonymous

We inherited some property that was sold (against our wishes--long story) for about $110,000. The property was appraised at $81,900. Do we pay taxes on that amount under any tax law (i.e. inheritance tax, estate tax)? I really HATE talking to the IRS, therefore have chosen to put my fate in your hands.

2007-01-01 13:41:37 · 6 answers · asked by CyndiDrum 4

Just wondering how much I can expect to get for claiming one child. I'm in Kansas and claim 0 on my taxes throughout the year. I believe I would fall under the lowest tax bracket.

2007-01-01 13:40:50 · 3 answers · asked by wiltherealslimshadypleeseshutup 2

I sold a life insurance policy . I received money. I donated half to a charity. What amount do I pay taxes on?

2007-01-01 13:40:22 · 2 answers · asked by wynkie 1

I sold a life insurance policy . I received money. I donated half to a charity. What amount do I pay taxes on?

2007-01-01 13:38:40 · 3 answers · asked by wynkie 1

I "settled" with several credit companies for over $40,000 in debt. The IRS considers the settlement amount as earned income unless the tax payer was "insolvent" at the time of the settlement. My home has minimal equity but I don't know how to determine the value the IRS will use in calculating my debt to income ratio. It could make a big difference in my tax liability for the past year but was better than filing for bankruptcy or losing my home. This question even seems to stump tax advisors. Any wisdom out there in Yahoo land would be appreciated.

2007-01-01 13:05:26 · 3 answers · asked by butkus 1