United States - January 2007

2007-01-12 18:22:48 · 4 answers · asked by smooth4bob 1

i am a 1099 misc form holder considered a self employed individual and i want to deduct a business use vehicle however here is my ? the vehicle i have been using i am making monthly payments on to my brother (since i am making payments till paid off the title and registration are in his name still) which it will be paid off next month well due to this do i claim it as a leased vehicle or vehicle i own or what do i do . i really need to claim it because i had 22000.00 in non taxed compensation please help with all details you can tell me thanks

2007-01-12 17:29:08 · 6 answers · asked by mela26 2

I'm 21. Made under 5000 last year. If my mom claims me as a dependent can I still file and get my return?

2007-01-12 17:10:35 · 4 answers · asked by DaringEscape 1

2007-01-12 17:01:12 · 6 answers · asked by Anonymous

Okay. Heres my situation. I'm currently 21, a student, and plan on filing taxes for the first time. I live away from home in an apartment. I worked alot last summer and did work study during the fall. My aunt told me I should file to get some money back and I should tell my mom not to claim me because I've supported myself for over two years.

Heres my question: My main concern is getting the most financial aid I can get. I have 1 more year left and 3 of my scholarships are done after this year. I really need all the grant money I can get. Whats the best strategy for this? Should I file as an independent or let my mom claim me? Should I even bother filing? I made a decent amount over the summer but work study pays min. wage.

Thank you everyone for your help.

2007-01-12 16:27:53 · 3 answers · asked by DaringEscape 1

I recieved 2 checks this period, one was my regular salary paycheck, and another was a slightly higher bonus check.

On the paycheck the federal government took out 6%, and the state took out 1%. On the bonus check the government took out 25% and the state took out 6%!! I was so dissapointed to see this bonus check, which was supposed to be a reward nearly cut in half! Why was the tax percentage on the bonus check so much higher than my regular paycheck?

2007-01-12 15:36:11 · 9 answers · asked by Kathleen L 2

2007-01-12 15:27:38 · 7 answers · asked by appleheavenjade 2

I'm going to have to pay my own taxes since I'm a 1099 contract employee. Is gas mileage reimbursement taxable since I'm already being paid for it, or would I just tax my regular hourly rate?

2007-01-12 15:20:07 · 4 answers · asked by Anonymous

I'm looking to start a business doing taxes and want to set my fees at 50% less than H&R Block or Jackson Hewitt. I can't find a detailed list of their per form charges.

2007-01-12 15:18:55 · 4 answers · asked by Tax Solutions 1

i have a husband, two kids, i new house, and i don't work. should i pay someone or do it myself?

2007-01-12 14:19:16 · 5 answers · asked by mullicancassie 2

im not sure which route i should take when filing my taxes, i made way less than 30,000 in 2006 im married have a 1 year old and owned a house all of 2006 and my wife only worked 1 month in 2006, should i file as head of householdif i can since my wife did work for a month? can i qualify for earned income credit? can i file head of household and get earned income credit? whats the difference and can we still file either one as a filing jointly? also if i decide to do the head of household (if you guys think thats the way to go) is that possible to do on an online tax service like taxslayer.com which lets you file for free if your military which i am, im just confused on wether i should do it online since its free or blow 100 bucks at a taxpreparer when i think i have a pretty straight forward tax filing. how do you guys think i should file and were? i really really appreciate your responses in advance.

2007-01-12 13:53:45 · 7 answers · asked by mite53 1

i work a full time job and take care of my mother, who lives with me, doesn't work and isn't disabled. i have been doing this for the full year of 2006. can i claim her as a dependent on my w4 tax form?

2007-01-12 13:18:04 · 5 answers · asked by Anonymous

2007-01-12 13:02:26 · 11 answers · asked by Andrew726 1

I only owned the house a few months, so it's a short-term gain, I assume, but it seems against the purpose of the investment rules, because my investment started with the sales contract at 15K down in 9/03. So, my investment was held over two years. It seems in the spirit of long-term gain, if within the letter of short-term gain.
Any way around the settlement date being the date the investment commenced?

2007-01-12 13:02:13 · 3 answers · asked by t jefferson 3

There are aires but no will to estate. Multiple bank accounts etc and some property.

2007-01-12 12:56:15 · 2 answers · asked by lightembracesme 1

2007-01-12 12:50:16 · 5 answers · asked by glrlong 1

I want to file my own taxes since I made $18k last year and paid $4500 in taxes but might not be able to since my mom is filing me as her dependant can I still get a refund back. I am 24 years old and do not receve $ from her just live under her roof ( I pay my own bills including food)

2007-01-12 12:23:29 · 7 answers · asked by chris 2

I made $18k last year and paid $4k in taxes and my parents are probably going to file their taxes with me as being one of their dependents. Can I still file taxes and will that leave me with less of a refund if they also file as me as their dependant?

2007-01-12 12:15:03 · 6 answers · asked by chris 2

Hi all, quick question for ya :) If a person owe's money from last years tax filing but has a great tax refund coming this year, will the IRS automatically deduct the negative from the credit due???? Thanks to all for answering my question !

2007-01-12 12:10:31 · 5 answers · asked by Anonymous

aproximately, thanks

2007-01-12 12:04:01 · 2 answers · asked by Jazmin 1

I recently filed married filing separately claiming one child from previous marriage. My husband is going to file with the child from our marriage. Is that best option to getting a $$ refund ?

2007-01-12 11:50:16 · 8 answers · asked by edluvc 1

I work from home as a medical transcriptionist. I bought my laptop to finish my online schooling, and for work. I got it in June 2006, and started working in November. I have the reciept. The total cost, with tax, the carrying case and product protection plan, was around $1700. What I am able to claim?

2007-01-12 11:48:16 · 9 answers · asked by katfred76 2

Last year i made 4200 and paid 695 in taxes and also paid 1000 for college out of my pockets, that i think is deductible expense. Could somebody tell me how i get back???
Thanks

2007-01-12 11:38:30 · 8 answers · asked by Anonymous

I made an overall $18K last year and paid $4,500 in income taxes. I do not have any expenses except my car bill which is not tax deductible. How much should I expect my refund check to be. Thanks

2007-01-12 11:18:32 · 7 answers · asked by chris 2

My bankruptcy was discharged in March and wanted to know is there a way not to give up my tax returns. My husband's hours has been drastically reduced and i'm starting school on the 6th of feb. I really would like to pay for my classes and books instead of taking out more loans. Does the court have to take both federal and state. Or is there a certain amount. Any help would be greatly appreciated.

2007-01-12 11:06:01 · 2 answers · asked by nalla 2

2007-01-12 10:23:07 · 13 answers · asked by lezlealynn 2

my daughter thinks she can file taxes at 16 and carry her daughter

2007-01-12 10:21:40 · 10 answers · asked by patricia46 1

A few months ago I recieved a letter from the IRS saying that my tax return from 2004 I had a typo in the federal tax witheld portion of the 1040 and the amount differed from one of my former employer. Now the IRS is saying I owe them $2400 in back taxes.

I was really looking forward to this years refund becuase i am sooooooooooooooooooo broke and need it ASAP. But now when I do my taxes next week I know the IRS automaticlly taxes the balance out leaving me with nothing.

Is there any ANY way at all to get around this issue. Im 27 and financially destitute. If it turns out I need to pay that $2400 I will pay it over time but not right now. Can someone give me help. And also What would a estimated refund be for someone whos single, 27 y.o, and has a business and dependents. I did some calculation and came up with $3200 but I wanted to know if other people thought that sounds right my estimated gross this year was $36,000

2007-01-12 09:58:50 · 5 answers · asked by Anonymous

What is the difference between a sales tax number and a employer number? Why do I need them? What are they used for?

2007-01-12 09:57:54 · 1 answers · asked by Anayden 4

2007-01-12 09:55:39 · 3 answers · asked by SWSprWmn 1