United States - January 2007

I got this message when checking the status of my 2006 refund:

We have received your tax return and it is being reviewed. You will receive a notice from us requesting additional information from you. When you receive the notice, please provide the requested information within 30 days. You may not receive all or a part of your refund until we receive and review the information we requested from you. If you need more information after you receive our notice, call the number on the notice.

What does this mean, what do they want?

2007-01-24 09:03:06 · 4 answers · asked by kinulechong 1

My husband and I married in Nov 06'. We purchased a $125,000 home in June 06' (mortgaged $100,000) and did extensive renovations (approx. $15,000 worth, new floors, roof, cabinets/countertops, bathtub, etc.) I am pregnant with our first child. Our combined income is approximately $25,000.

*Should we file married, filing jointly? or married, filing seperately?
*Should we take the standard deduction or itemized deduction?
*Is there a tax credit for buying a home, doing renovations and getting married?
*About how much is it to hire someone to do our taxes?

We have no clue what we are doing, any help would be appreciated.

2007-01-24 08:56:48 · 8 answers · asked by *Just Married* 4

This is our first tax time with having our new baby. How much do you get back for having one child usually? How do they figure it out?

2007-01-24 08:55:09 · 1 answers · asked by manningsmommy 2

I am married- my husband works full time and I do not work (I am a student). We also have one child. What is the best choice on the w4 to get the most money in each paycheck? How many exemptions should my husband put? 3? Also should he file married and filing separately?

2007-01-24 08:44:14 · 3 answers · asked by Anonymous

My husband is about to start a job where he is classified as self-emplyoed. His salary will start at $31k per year. I am a student, and we have 1 daughter. About what percentage should we set aside for taxes? (I know you can't give me an exact answer, but I just need a worse case scenario)

2007-01-24 08:32:11 · 2 answers · asked by mountain_laurel1183 5

I worked two job at the same time in '06. Does that mean I will get less money back when doing my taxes? I have placed one in Turbo tax and its says I get money back, but I heard that once I put my other in, then I will loss money. How true is this?

2007-01-24 08:20:40 · 5 answers · asked by duh..... 1

I live in OH. I inherited an IRA in 2006. I closed the account out ($25,000) and asked that they take out the appropriate amount in taxes (so I wouldn’t get hit with owing at tax time and might get money back). They informed me that I had to tell them how much I wanted taken out (what %). I am now hoping I did a good job of overestimating– but am fearful. I had them take out 30%. They then deducted $7,500 off the $25,000. How did I do? (Gezzz I hate tax time.) Also, does Turbo Tax accept information related to something like this? Or would it be better if I went to a human with tax knowledge ?

2007-01-24 08:13:56 · 5 answers · asked by Anonymous

2007-01-24 08:05:19 · 12 answers · asked by laurinolover 2

How is this so! I would think there is going to be a set amount that you are going to get back if you give them the exact information. H&R Block, Jackson Hewitt companies like that

2007-01-24 08:04:39 · 6 answers · asked by Tim 2

2007-01-24 08:03:33 · 8 answers · asked by constantswimmer 2

My husband owes $500 in child support from when he was off work due to surgery. We were told if we file together his child's mother will receive it all even if it is over what he owes to her. We were told to file separately. Should we do so? I need help with this issue ASAP!!

2007-01-24 08:02:29 · 7 answers · asked by alhartley01 3

I filed my 2006 tax return and checked the status online and it stated that they will be mailing me a letter requesting more information before they will release my refund. What does that mean? What could they possibly want?

2007-01-24 07:56:31 · 6 answers · asked by CURIOUSSAM 2

2007-01-24 07:55:08 · 3 answers · asked by Harp 1

My consulting business did well enough this year that I had a bit of money due to the IRS. I planned on setting up an IRA this year since I'm in my mid-twenties. I like the tax-free potential of the Roth, but I also need to lower my AGI this year. Would it make sense to open and contribute a portion of my wages to a traditional account and deduct what I need to break even on taxes, and throw the rest into a Roth account? Not exceeding the $4,000 limit on contributions of course... The fees on the accounts should be negligable, considering that I'm working primarily with an Internet broker.

2007-01-24 07:48:18 · 2 answers · asked by WhomItConcerns 1

I worked there for a brief stint earlier last year (4 months) and have sinced moved to another city. I can not seem to get in touch with anyone from the office nor find the HR number anywhere online!! Can anyone help me out with this?? I really need that W-2! Thank you very much!

2007-01-24 07:41:41 · 6 answers · asked by lanaelise81 2

I just got a new house last year and my taxes are paid through an escrow account with my lender. However I see in my statements that the amount that has been taken out since I have moved in is to pay 2007 taxes. Did I pay the taxes in 06 in my closing costs or did the lender? If I did what document would show me this info?

2007-01-24 07:36:12 · 6 answers · asked by U2 2

my bf hasn't filed his taxes in 4-5 years, but he doesn't remember when he last filed-where can he go to find that out?
we are getting married in April and I told him that I won't marry him untill he files-I don't need the IRS after me :-)

2007-01-24 07:35:05 · 6 answers · asked by Nicole E 4

my mother inlaw who is 66 years old recieves SSI and PERA from my father inlaw who has passed away she recieves a w-2 from both but there are no state or fed. taxes are taken out so my Question is can or should she file and if so can she get a refund

2007-01-24 07:16:35 · 3 answers · asked by Anonymous

I used taxact last year to do our taxes, we are both self employed. Before last year we had always used H&R block. My husband wants us to go back to H&R block because he says we are more likely to get audited if they see that we did our own taxes. But they charge us about $380.00 to do our taxes. What do you think we should do?

2007-01-24 07:08:25 · 6 answers · asked by susan9 3

When we bought our home I put my son's name on the deed to avoid his having to pay whopping inheritance taxes. In the event of my inevitable demise, he is already on title and just assumes full rather than partial ownership of the property.

Now somebody tells me that this will actually cause legal confusion & result in his paying whopping capital gains taxes upon our demise when he sells the real estate, and that it's better to leave it as part of the estate for him to inherit and dispose of. Which is true?

2007-01-24 06:59:22 · 9 answers · asked by GwennysGranny 2

2007-01-24 06:57:09 · 4 answers · asked by Anonymous

2007-01-24 06:56:40 · 4 answers · asked by PATRICIA M 1

My buddy gets what is called a truck allowance for his work truck. It is not taxed. The loan is in his name. He also has a gas card to fill up daily for work use. Can he claim anything or file for any type of reimbursement such as mileage or what not? Please point me to an official source if you know of one. Thanks

2007-01-24 06:39:49 · 2 answers · asked by Sean D 2

2007-01-24 06:37:43 · 4 answers · asked by Wondering???? 1

I was unemployed for 6 months of last year. Do not own home or any tangible assets

2007-01-24 06:34:38 · 7 answers · asked by hubcap236 1

when I teach group fitness classes,the gym(s) I teach at pay hourly and take taxes out as I am their employee. However, being a free agent and training most clients in their homes, at their request and free will, is this considered taxable income as well? I ask because I want to be sure I am doing the right and legal thing. Thanks! Wa state by the way...answer away!

2007-01-24 06:29:39 · 2 answers · asked by justsayin... 3

could i claim myself as a dependent?
also live with girlfriend, supported her for a whole year and does school online, would i be able to claim her as a dependent?

2007-01-24 06:21:34 · 5 answers · asked by sanchez detail 3

2007-01-24 06:19:01 · 18 answers · asked by chica E 1

Wondering if anyone knows if you can file two seperate tax returns for a married couple, with filing married jointly?

2007-01-24 06:18:43 · 9 answers · asked by Anonymous

2007-01-24 06:00:38 · 4 answers · asked by Anonymous