United States - January 2007

I have always had my taxes done by Block (Federal only). I have nothing complicated just w-2's, yet we pay over $170 each time! I was considering filing my own taxes online using Block's Taxcut because it is only $39.95. But I wanted to know if it also does the computations for earned income credit and the child tax credit, and can you still send it directly to the IRS? Will I still be able to have my refund direct deposited into my bank account? Does it take about the same amount of time to get my refund (9-14 days)? and lastly, Is it safe? If anyone has used this online service I would appreciate any info.

2007-01-16 11:43:29 · 4 answers · asked by Anonymous

Does the government tax the manufacturers, the retailers, or the customers? Please cite a source!

2007-01-16 11:33:44 · 3 answers · asked by Anonymous

My brother and I bought back in 1999 and are thinking of selling the house in a couple of years. Right now I'm the only one living in the house while my brother's permanent residence is somewhere else. What happens to the profit when we sell the house? Usually you have to have the house as your permanent residence for two years or else get taxed big time.

2007-01-16 11:33:39 · 3 answers · asked by DJ Ksar 2

First year filing as a freelance writer, but I don't know what expenses to deduct, etc. Help!

2007-01-16 10:49:09 · 5 answers · asked by KND 5

if you are going to have two W2's,then does it required both of them to file your tax return. OR the w2 which has year end deduction details would be enough to file tax return.

2007-01-16 10:44:15 · 3 answers · asked by HAPPY 1

Why can't I just get no taxes taken out of my paycheck and then pay whatever it is I owe on April 15th?

2007-01-16 10:34:25 · 1 answers · asked by closetcoon_fan 5

2007-01-16 10:28:20 · 5 answers · asked by michaeljester1985 2

i made 356.00 in 2006. i paid 320.00 per month for lot rent for 6 months will i get anything back from goverment?

2007-01-16 10:22:33 · 8 answers · asked by brezinbye 1

I have been fighting with the IRS for a couple for a couple of years about my 2001 return. I finaly figured out that an employer that I worked for in 1998 claimed he paid me $7,223.00 in 2001. This has been the root of my problem and it took me this long to figure it out. After many many hours and waiting on hold today. After speaking with 6 different agents at the IRS it comes down to this. He (former employer) has to file a 1099-c form and release me from the said debt. This makes me nuts. Where is the 1099 employer F'd up form. He is releasing me from debt that I never had?????????? I didn't make a mistake he did. On top of this I have no way of knowing if he will file the form inside of the 4 month window (extension) that I received from the IRS today. If he doesn't this all comes down on me...again...with more interest and late fees. Is there any other forms that I could get that will make the former employer expedite his correction of his filing??. Can the S.S. adminstration help

2007-01-16 10:19:46 · 2 answers · asked by malickai4 2

2007-01-16 10:13:15 · 3 answers · asked by littlema 1

I don't mean the instant money thing. Also how much do they charge you? Is it a certain percentage?

2007-01-16 10:10:52 · 6 answers · asked by Kim 3

2-5 year rule? do i have to live in the duplex or just own the duplex
i rent both sides and know i have to claim the rent, but some tell me i have to be living on one side to pay less in capital gain taxes if i live on one of the sides.they say i have to live there for at least 2 years,and i just found that out.i moved out of it after only 1 year of living there, and rented it out.can i change my primary address to my son's? he rents one half, and not charge rent all year?help me understand before it comes time to sell. thankyou

2007-01-16 10:03:37 · 1 answers · asked by karen i 1

my boyfriends grandpa died and they just got his w2 form and they wanted to know if his grandma can file it or what she has to do to file her taxes. the person i get the best answer from with proof ill give you the best answer. Thanks!!

2007-01-16 09:47:44 · 6 answers · asked by .em. 2

2007-01-16 09:42:15 · 1 answers · asked by free2rome3105 1

My parents claim me as a dependent. My earnings for the year are from my WORK-STUDY job -- $1850. I am looking at "Chart B - For Children and Other Dependents" on the IRS 1040EZ Instructions page http://www.irs.gov/pub/irs-pdf/i1040ez.pdf.

It says I must file a return if ANY of the following apply:
--- my UNEARNED INCOME was over 850
--- my EARNED INCOME was over 5150
--- my GROSS INCOME was more than the LARGER of
-------------$850, or
-------------my earned income (up to 4850) plus $300

My only income for the year was the money I received from my work study job and that was only 1850. I don't have any unearned income.

I don't think I have to file a return but I was hoping I could get some help from people who are more sure of this matter.

Basically, I am a single, 19 year old college student, claimed as a dependent by my parents, without any dependents to claim of my own, and I have $1850 from my work-study job in 2006 as my only earnings.

2007-01-16 09:20:33 · 5 answers · asked by Anonymous

if not, has anyone ever gotten in trouble for doing so?

2007-01-16 09:04:32 · 5 answers · asked by BK26 2

And a web site I can find a chart on $ and tax due ??

2007-01-16 08:54:03 · 3 answers · asked by ?asker 3

I was wondering what could happen when I claim 10 all year (and withhold $80 per month additional)? I do not have 10 dependant's, in fact I have don't have any. However, I file and pay what I owe every year. Is this fraud even though I pay it back?

2007-01-16 08:30:04 · 7 answers · asked by Anonymous

2007-01-16 08:19:28 · 3 answers · asked by jazper1028 1

I have always prepared mine and wifees taxes as a joint return and it was always easy cause we took standard deduction and did not itemize.....But last year I changed jobs and emptied out my 401k that I had with that employer. Now I know I have to report this somehow...just seems very confusing and I don't want the IRS breathing down my neck if I screw it up. Any thoughts???

2007-01-16 08:15:59 · 7 answers · asked by Mr. Knowitall 2

Can you report child care expenses? Do you get all of it back? What do you need in order to report it?

2007-01-16 08:13:52 · 4 answers · asked by mary 1

2007-01-16 08:06:51 · 8 answers · asked by Anonymous

My husband keeps saying I am not having enough taken out for federal taxes. I have two children and am a school teacher. My base wages for 2006 were 34350 but my medicaid/ss wages were 37068. ( I have some pretax deductions, like health plan, etc). My fed taxes are 2638.30

2007-01-16 07:51:23 · 4 answers · asked by Nicole B 2

Tough question. Here are the details. I am the custodial parent. Due to Divorce papers my ex-wife gets to claim her for 2006. Also, She has two other children that she will claim as dependents this year. My ex-wife only made 25000 gross in 2006. Claiming my daughter would have no affect on her taxes. So I asked her if I can claim her since she will not receive any benefit. Of course the answer was no. SHOULD I CLAIM HER ANYWAYS? On top of all of this I only receive $50 a month in Child Support and pay for all of the daycare expenses. Would the IRS come down hard on me if we both claimed her even though she received no benefit from doing so?

2007-01-16 07:44:30 · 15 answers · asked by Dustin27 2

I live in NJ.

2007-01-16 07:25:43 · 6 answers · asked by Ana2006 1

what does exemption mean?

2007-01-16 07:23:07 · 5 answers · asked by Anonymous

He admitted this to her and they want this to be rectified before they marry; where should he begin? He of course doesn't want to get into trouble and is afraid of opening this can of worms. Does anyone know a good starting point or a good Q&A web site?

2007-01-16 07:19:48 · 5 answers · asked by ~ kelby67 ~ 1

I am a single mother, held a job all year round last yea(same job). Made 9.00 hrly paid about 4,000 in childcare. I didnt get childsupport or any other addtl income last year. About how much should my tax return average because my father usually does them and I think I could be getting more money by gioing to like HR Block or something. I am 22 with one child.

2007-01-16 07:10:15 · 13 answers · asked by Kamryn's Mommie 2

-I paid 20% for federal taxes and State taxes when I withdrew the money.

-I used the money to relocate and purchase a new house and house related items...for example: appliances, furniture, blinds, security system...etc.

2007-01-16 07:03:13 · 7 answers · asked by crimsonreign96_2 2

I didn't pay taxes last yr at my m-f job for 9mo. I collected unemployment for 2 mo. I did pay 2 mo. of 2nd job taxes. They did withhold my social security and medicare...they did not withhold the other tax, florida. Where could I get a free tax estimate...my w-2's aren't in...I'm anxious as to whether or not I owe. I have a dependant and made under $12k last year.

2007-01-16 07:02:00 · 6 answers · asked by Win 4