United States - January 2007

I have a mortg and have always claimed single head of household with 3(me, 2 under 18) exemptions and took standard deduction of $7950. Now 1exmpt turned 18 May 2006, graduated in June and is a freshman in college. She only made 2000.00 this year. Can she file with no exmpts and I still claim her and deduct the expenses of her computer etc.. on my taxes this year and itemize? Need help.

2007-01-15 08:13:21 · 5 answers · asked by Rose 2

2007-01-15 08:13:14 · 5 answers · asked by Stacey C 1

I've had the same job and a dollar raise each year. 2004=$1100
2005=$700 2006=$380

2007-01-15 08:02:26 · 4 answers · asked by alesis 1

The instructions on various tax forms seem to only be intelligible to accountants! Is there a reason why they just can't put everything into layman's terms?

2007-01-15 07:54:50 · 5 answers · asked by Amanda 1

I DRIVE FOR WORK TO SALES APPTS I WAS TOLD I CAN GET UP TP 30 CENTS A MILE. IF THIS IS TRUE HOW DO I GO ABOUT DOING SO.

2007-01-15 07:50:56 · 11 answers · asked by mmc418 1

2007-01-15 07:21:12 · 3 answers · asked by navet53 2

My dauther is 17 yrs old . she will be 18 this year in june. She has been working since september of 06. Can she do her own taxes and claim her brother and sister on it. she pretty much dose evrything on her own . So i was wondering. O Yes we live in IL.

Thank you in advance.

2007-01-15 07:19:14 · 9 answers · asked by mary_llinas 2

I was wondering if each county in the United States has a website to help a new homeowner figure out how much they are being assessed on their home for the past year 2006. Does anybody know the answer to this? Thanks for your help!!!

2007-01-15 07:17:04 · 4 answers · asked by PsychoSam 2

Selling price was $205,000 on a traditional 100% 30 year fixed. re-fi two weeks later on a 80/20 30 year fixed due to loan to value to avoid PMI. House just appraised for $330,000. Reason for wanting to sell: we would like to move closer to our jobs. But we would hate to give Uncle Sam free money.

2007-01-15 07:16:37 · 3 answers · asked by josh h 2

2007-01-15 06:43:47 · 6 answers · asked by Diamond88 1

I am self-employed. I made $13,138.39 last year. How much should I have paid to the government for federal income tax, social security tax and medicare tax? I am married with a child and have deductions and credits, but I am curious about how much I owe before this is taken into consideration.

Thanks!
Kari

2007-01-15 06:41:56 · 5 answers · asked by Kari 2

will they allow you to still get your refund?

2007-01-15 06:28:15 · 8 answers · asked by tlnay025 3

By taking the following credits:

Credit for Child Care Expense
Child Tax Credit
Earned Income Credit
Additional Child Tax Credit

while claiming Head of Household, I am calculating a refund greater then what was taken out of my paycheck last year. Is this possible??? Everything mentioned above are valid credits that I am entitled to.

2007-01-15 06:07:12 · 13 answers · asked by xMonkeyx 1

When filling taxes what is the difference in filling head of household and filling married/jointly? I haven't worked all year so I won't have any W2's. So which one should I file? Is there a difference?

2007-01-15 05:52:43 · 4 answers · asked by cupcake_11152000 1

2007-01-15 05:23:51 · 3 answers · asked by grady c 1

My boyfriend and I live together and he has been out of work for a while. I pay 100% of all our expenses, including his child support payments. We are of course unmarried. Is there any way that I can claim him as a dependent on my tax return?

2007-01-15 05:18:25 · 15 answers · asked by jussagirl 3

where do i find out what my refund is?

2007-01-15 05:12:25 · 23 answers · asked by grady c 1

2007-01-15 05:11:56 · 1 answers · asked by Randy M 1

2007-01-15 05:10:10 · 6 answers · asked by Rn-p 1

Does anyone know where I can find the calendar of IRS refund direct deposit dates? I looked on IRS.gov but didn't see it.

2007-01-15 04:54:41 · 4 answers · asked by Anonymous

My wife and I are moving out of state , I will still be working for the same company but they promised to have my w-2 to me with my last check of december or the first week in ( I know they have until the 31st legally) jan because for a while we'll be in a hotel. I have my w-2 from last year, don't do penison or get health deductions...so would it be a issue government wise if I filed without having my w-2? I mean I don't want to get into trouble but I also need to file soon , since my bank account is going to close and we'll have no "home" address yet. Thanks!

2007-01-15 04:53:11 · 2 answers · asked by rjnhalley 1

2007-01-15 04:48:06 · 3 answers · asked by blackhairedbaby 4

2007-01-15 04:43:36 · 2 answers · asked by grady c 1

2007-01-15 04:27:44 · 4 answers · asked by Eileen N 2

For now, my partner and I have been despoiting money into our business account because we have just been getting everything situated and have not recieved any money for any services yet because we didn't have any clients in 2006. We did, however, purchase things to help get teh business going. Do I have to pay taxes if I never paid anyone anything? What form would I use? Thank you so much!

2007-01-15 04:19:18 · 10 answers · asked by Miss Jesse 2

We were married just a few months ago, and are trying to figure out if we need to change what we claim on our W-4's. We're each claming 1 right now. I make $38,000 a year, and my husband makes $37,500. I'm not sure that it makes a big difference, but any advice would be appreciated! Thanks!

2007-01-15 03:30:25 · 4 answers · asked by aj1020 2

i was recently promoted to a job in my local government and on the job description it mentioned the job being "non exempt" does that mean there are jobs out there exempt from taxes or is it something tottally different?

2007-01-15 03:24:02 · 10 answers · asked by decjr2006 2

her father made way more than i did in 2006. would i get more money back if i claimed her since i made less or would he get more back since he made more?

2007-01-15 03:19:35 · 8 answers · asked by Anonymous

I traded my over the road truck for a newer model. Say I got 10k for my trade in and borrowed 50k for the rest of the payment do I have to claim this as a sales on my taxes. I had my old truck for 6 yrs and it was fully depreciated. I would like to know so when taxes come due i'm not stuck with a big shock.

2007-01-15 03:15:24 · 5 answers · asked by david w 1

My husband has two children from a previous marriage and they have lived with all for the last 4 1/2 years and not even seen their mother (she does pay $400 a month in child support). Originally in the divorce it said that they would take turns claiming the children every other year...but that was in the joint custody agreement....

My question is that she has not kept up her end of the joint custody agreement. She hasn't even seen or visited them in 4 1/2 years. The IRS website says that who ever the child lives with more of the year should be able to claim them. Can my husband and I claim the kids without getting in trouble with the IRS?

I thought that if we both claimed them we would probably get audited. But the IRS would see that they haven't seen or lived with her in over four years and say we have the right to claim them. I am going to be so mad if she gets to claim them when she hasn't even been in their life for over 4 years.

What should we do?

2007-01-15 02:29:39 · 6 answers · asked by ~*SuMmEr*~ 2