United States - January 2007

This is my husbands first year as a truck driver. He works for Werner and recieves per-diem pay. I asked the IRS about per diem, and they said that since the additonal reimbursemt won't show up on our W-2's it isn't counted as income. What things are write-offs? Cell phone? We live in Indiana if that helps.

2007-01-20 11:21:42 · 3 answers · asked by Kasey C 2

I think I have now understood federal tax and how a, say, 25% tax bracket does not mean you pay 25% on every dollar earned. However what about state tax. If you are in the 25% federal bracket do you have to "add" another X% of state tax and pay X% an all your income?

Thanks!

2007-01-20 11:18:00 · 4 answers · asked by Howard500 1

2007-01-20 10:59:02 · 3 answers · asked by patrick_weaver28352 1

2007-01-20 10:38:58 · 5 answers · asked by Bobby T 2

He was out of work for four years with a medical condition. He wants to do the right thing but is afraid, any suggestions?

2007-01-20 10:33:16 · 6 answers · asked by therazorsx 3

2007-01-20 10:28:21 · 3 answers · asked by sks 1

They are permanent residents if that makes a difference. Also can I claim them from last years taxes also? Somebody said you could

2007-01-20 10:27:04 · 7 answers · asked by TBone 3

Im pretty sure I can write off gas expenses, can somebody please help me with some others for when I got to H&R block to write off.

THANKS

2007-01-20 10:16:17 · 2 answers · asked by psxfff123 3

2007-01-20 09:50:24 · 2 answers · asked by zxdfmlp 3

i have been working since aug.2006 so i was wondering if i can file for taxes???

2007-01-20 09:37:33 · 9 answers · asked by Anonymous

i bought my 1st place (1st time home buyer) in june which is a condo. my whole kitchen was redone with cabniets, tile, stove, sink, counter tops, painted and washer/dryer. can this be writen off? can the labor be writen off? what can be writen off with my morgage payments? anything to do with home improvements be writen off? co worker told me this can be.

2007-01-20 09:36:24 · 5 answers · asked by AJ 2

2007-01-20 09:10:01 · 7 answers · asked by Jeffery T 1

I'm a student at a university and I work on campus as well. I'm a full student who has a car payment, tuition, books and barely makes $12,000. The majority of my income goes into school.

Can put my education as a tax write off? or anything of that nature. I've talked to people and they say I can't and then I talk to others and they get all of it refunded. Any one can help me? this is my third year in school and I'm barely making it through with my income. Thank you.

2007-01-20 09:05:21 · 5 answers · asked by Anonymous

Do the new IRS rules under the Pension Protection Act of 2006 prohibits donors from declaring contributions to charitable organizations unless they can produce records of the transactions impact 2006 filing, or is it for 2007? Also, either way, if I have the records of proof, but file electronically, do I need to do anything, or do I merely hold on to the records for a potential audit? In other words, can I still e-file, or do I need to mail my return in with the documentation of the donations?

2007-01-20 08:58:24 · 2 answers · asked by Anonymous

2007-01-20 08:57:19 · 5 answers · asked by sks 1

Wages: 40044.89
Federal Income Tax Withheld: 6969.20
Married filing Seperate
Social Security Wages: 22770.52
SS tax withheld: 1411.77
Medicare tax withheld: 330.17

2007-01-20 08:56:19 · 2 answers · asked by Jennifer M 2

Before answering this question think about this. A large tax refund means that too much money is being taken out of your pay. Wouldn't it be smarter to change your withholding so you get the money with each pay check rather than the following year after filing taxes. I would even say that it is better to owe as much as possible, without reaching the penalty point. That way you would be able to save the money, earn interest which you keep, and then pay the principal next year to the IRS. That is my opinion. This is a survey to see what you think. The best argument either way will get the "best answer".

2007-01-20 08:43:11 · 5 answers · asked by Barkley Hound 7

2007-01-20 08:31:17 · 5 answers · asked by uhh y 1

I left my company last year and promptly rolled over all of my 401(k) *directly* to an IRA. I've done this several times before. I almost had a heart attack when I got a 1099 from them reporting 28% of it as a "Taxable amount". I surely intend to talk to them on Monday, but in the meantime I'm in a panic and would like to get opinions. The strange thing is that it's not all taxable, even though I took one distribution. I could see it if they didn't think I'd had rolled it over to a qualified retirement plan, but they obviously think I did, since it's not all taxable. My dad thought he had run into this before and said some code on the W-2 indicates it's non-taxable, but I don't see anything on there, and why would it say "taxable" in black and white only to be reversed by a secret code on the W-2? So any theories on what happened? Could this be legit? Or is this just an administrative error?

2007-01-20 08:05:15 · 8 answers · asked by ? 4

2007-01-20 08:03:41 · 3 answers · asked by brybry001 2

The Federal return asks for the Asset Sales Price and expenses and also the land sales price and expenses. Should enter the actual sale amount or the amount I received after paying the mortgage I owed?

2007-01-20 07:48:08 · 2 answers · asked by Q&A Gal 2

My ex wants me to say that he can claim our kids for exemptions and I can claim them for credits. Is this legal? Can it be done? I thought only one person could claim the kids at a time. And when you claim dependents don't you claim both the exemptions and credits at the same time? I am very confused and am in a very tight time table. Please help.

2007-01-20 07:18:12 · 10 answers · asked by uniquenorthern 1

Why I ask is because in CT they take up to 2/3rds of your teacher's retirement and subtract it from your social security even if you've paid your 40 quarters. So if you receive $1500/month as a teacher and $1200 a month from SS they will subtract $1000/month (which is 2/3rds of your teacher's retirement) from your SS. Leaving you with your teacher's retirement and $300 in SS.

2007-01-20 07:10:32 · 3 answers · asked by Bill Spry 4

for a single person with no dependents. don't include the sales tax, just payroll taxes for a working person.

2007-01-20 07:09:18 · 3 answers · asked by 2doornot2do 1

My husband is in the army, but I did not work in 2006 other than a small job in which I earned $1,773. We have one daughter to claim and no itemizing. For personal reasons, I would like to file separate and claim my daughter. Is this a mistake? Do you guys think I would get a desent return?

2007-01-20 06:31:39 · 4 answers · asked by cv 1

Will you ever get an audit for a tax return 5 years or more ago?

2007-01-20 06:28:39 · 9 answers · asked by 6th Finger 2

the box7-12 is empty . i dunno how to fill up . actually i have no idea.

2007-01-20 05:53:16 · 5 answers · asked by TONDRA A 2

2007-01-20 05:42:20 · 2 answers · asked by Hock Y 1

I'm in college in Boston, MA. But technically, my legal residence is in New York. I only worked in Mass, do I need to file a return in MA, NY, both? If both, do I claim no income in NY? Or do I claim what I made in MA.

2007-01-20 05:29:49 · 3 answers · asked by Anonymous

My ex is filing our son on his tax return, but he owes child support. Will it get taken from him? And where will it be sent? Does this mean he can't give it to me?

2007-01-20 05:12:46 · 5 answers · asked by Anonymous