United States - January 2007

2007-01-19 13:34:49 · 9 answers · asked by scoobydoo 1

I get paid A for actual hours worked, and B for Holidays, but my employer calculated my payroll taxes as if I was getting paid A for Holiday hours, even though I didn't. Is that legal?

2007-01-19 13:34:46 · 2 answers · asked by Chatima T 2

federally speaking. i made under $1500 this year. do i have to pay taxes on that?

2007-01-19 13:29:00 · 5 answers · asked by SwordDancer 5

My mortgage is $1550 per month and taxes are $6500 per year. I rent the house out for $1375 per month at a loss every month. BUT... If I file taxes reporting the rental home as an active income generator (at a loss) I can only deduct "X" dollars for my loss (this of course would include maintenance fees, home owners insurance, HOA dues, etc.). If I just deduct the mortgage interest and taxes I get a bigger deduction.

Is it OK for me just to deduct my interest and real estate taxes and get the bigger deduction? Or do I HAVE to report it as an income generating venture even though I take money out of my pocket every month just to hold on to the house?

How would the IRS look at it? The way I see it I get penalized for owning my home and renting it out. I guess I would have to be losing alot more money every month to make it work in my favor...

Any experts out there? Thanks.

2007-01-19 12:39:50 · 4 answers · asked by Anonymous

2007-01-19 12:38:51 · 4 answers · asked by Mark R 1

I am in the military on active duty, but I was also a full-time student for all of 2006. When filing my taxes online, I can still check the box stating I was a full-time student (even though I also held a full-time job), right?

2007-01-19 12:37:48 · 4 answers · asked by Andy R 1

do i have to claim taxes on social security i earn in 2006 i was paid 15464.00 plus my pesion i get now of 2253.00 i live in hawaii do i need to file? i am single

2007-01-19 12:25:11 · 5 answers · asked by Anonymous

2007-01-19 12:24:18 · 4 answers · asked by orfeo 1

If my only income all year was from Financial Aide do I need to file taxes this year?

2007-01-19 12:23:01 · 4 answers · asked by TM 1

i just filed my taxes for 2006. i recently just received a w-2 from another job that i never worked. So now i might owe the IRS. How do i go about getting them to void the w-2 or any other solution to this problem?

2007-01-19 12:20:23 · 4 answers · asked by Brandi J 1

ok i heard their are some free programs taht u can use for your taxes is this true or is it a gimmick

2007-01-19 12:05:21 · 3 answers · asked by Anonymous

2007-01-19 12:03:14 · 3 answers · asked by Cathy B 2

As it says from the top, back in November I sold all of my shares of stock I had and used it to help buy a house - I used it as a down payment. Somebody told me since I used that money to purchase the house I've been living in since November it might be tax deductible. Is this true?

2007-01-19 12:00:16 · 4 answers · asked by Matt 4

2007-01-19 11:54:01 · 4 answers · asked by randy v 1

Does "where's my refund" actually tell you a date that your 2006 refund has been mailed or will be direct deposited on a certain date?

2007-01-19 11:36:15 · 4 answers · asked by ldivace1 2

I am trying to do my taxes online and wondered if anyone knows of a turbotax promotion code please?

2007-01-19 11:33:49 · 3 answers · asked by moira77 4

Does anyone know what you are able to get deductions on? I hear it's from mileage to prescriptions to 401k to have a checking and savings account! Is this for real? I am single, no kids, not in school, don't own a home and have not donated to any charities this year. Is there any hope for me? Oh yeah - I did purchase a car - someone told me that's a deduction too! Are these people for real?

2007-01-19 11:10:11 · 4 answers · asked by Anonymous

I'm 17 btw. I just want to know because they have about $150 just sitting there for me. =) According to the form they sent me.

2007-01-19 11:03:34 · 5 answers · asked by chris pnampa 2

2007-01-19 10:59:14 · 5 answers · asked by billie c 1

I got married in October. Am I required to file as married or single since I was only married for 2 1/2 months on '06?

2007-01-19 09:52:52 · 4 answers · asked by FaerieWhings 7

I'm getting ready to file my taxes.
A friend of mine has been living with me and my bf. My friend didnt work at all in 2006. He does have a child. Can i claim his child as a dependent on my Taxes? I did provide a lot for him. But i also paid my friend to watch my son while i was at work. Can i use that as a deduction? It wasn't much, but it was something. Do i need documentation showing this? Like receipts or signed letter from him?
And i also got a letter a couple weeks ago from IRS saying that i owe them $1300 for an error on my 2005 Taxes. So if i get a return for 2006 will they keep it? Even if i requested a Payment Plan? (still waitin to see if that gets approved)

2007-01-19 09:28:25 · 4 answers · asked by *~Andrea~* 2

I know about the new law that requires you to get a receipt, but that happened just recently. What about all the donations I made before the law passed? Does the IRS expect me to have receipts for donations made in 2006 before the new law passed?

2007-01-19 09:26:29 · 7 answers · asked by Anonymous

I bought a house end of October. Shouldn't I be able to claim a rent credit for 10 months and property tax for 2 months?

2007-01-19 09:20:31 · 3 answers · asked by tina82054 2

or do i have to file as a married couple but file seperatly?

2007-01-19 09:03:59 · 4 answers · asked by ashton_35_kingsport 2

No one at the IRS can seem to understand or answer my question.
I owe about $400 in back taxes.
I filed my tax return for 06 and actually ended up oweing $42. I have never owed before and usually got around $600 in refunds (which they later took to pay back taxes).
However, filing this time it never said I had a refund, just that I owed $42.
I filed online and I'm wondering if their system saw I owed the back taxes and just immediately took the refund and applied it and that left me a balance of $42?
In the past they always showed me a refund amount and then later applied it to the back taxes. This time it didn't even show me a refund amount.
Any ideas?

2007-01-19 09:01:08 · 2 answers · asked by mrspunkmeister2u 2

I owe a lot of student loans (almost $200,000). Im not interested in paying off the loan or the balance.The best payment plan I could get was $2,000 a month. As a result the IRS withholds my tax refund every year which comes out to about $1,500 a year. In the past I claimed exemption because I was a grad student and made well under the maximum in actual income. Now im not qualified to claim exemption, and there is a $500 penalty that could be assessed if I do claim exemption. Could I claim exempt this year and just pay the $500 penalty if assessed at the end of 2007??? It seems cheaper then the $1,500 the goverment would just keep anyway and would allow me to keep $1000 extra this year as well as having the use of my money that was with held through out the year anyway? I only want to know about the TAX aspect of the issue. Yes i know all the things they can do in my state in regards to collection of the loan.

2007-01-19 08:56:46 · 6 answers · asked by Psyc Guy 2

Ok my husband and I have a 5 yr old and soon to be newborn when the baby im carrying now is born next month will we get the tax credit I don't work but my husband does?

2007-01-19 08:46:58 · 6 answers · asked by crystald24 2

OKay.. so, I know a person who puts floors in.. like a self contractor.. He does Hard wood floors and has done for 35+ yrs.. but I know He doesnt pay taxes he gets paid under the table, and even boasts to others how He gets away with it.. and tells them how to do it as well.. this bothers me.. cause he uses the govt. money.. but doesnt put any in.. WHO or HOW would I notify IRS to let them know about this.. especially if I dont have his Tax ID number or his SS#??? can anyone help me??

2007-01-19 08:45:45 · 6 answers · asked by msdragon04 1

Last friday I filed my federal income tax online on efile.....and it told me I had to wait till it got approved or something like that...well its been a week and I still haven't heard from them....I went back today to do my state, but it wouldn't let me file my state till I heard back from the IRS about my federal.....is this unusual should I have heard from them already?

2007-01-19 08:40:26 · 3 answers · asked by christain_cali_gur@sbcglobal.net 2

Also, what should I do when I file my taxes?

2007-01-19 08:38:58 · 9 answers · asked by beyondthebluesomewhere 1