United States - February 2007

For example, say you have $5,000 in a 5% interest savings account. Which would be $250 in interest a year. At what amount do you have to pay capital gains tax?

2007-02-03 10:57:14 · 9 answers · asked by DavidFL 1

2007-02-03 10:57:03 · 5 answers · asked by Alex G 1

I have a business as an independant consultant. I have recieved income from several businesses. I have heard that if they paid you less than $600 during that year that you do not have to claim that income. I did recieve a W2 from one business where I was an employee, but only made $552.00.

2007-02-03 10:49:48 · 6 answers · asked by justme11 1

2007-02-03 10:42:44 · 2 answers · asked by Your Teeth or Mine? 5

I want to start s-corp company which provides consultancy servcies. I may work for my company. I mat not generate money immediately. How easy to file taxes when I have a company? Can I use some software to file taxes(taxact)?

2007-02-03 10:40:47 · 1 answers · asked by mitwa u 1

Her mother does not work and lives with her mother and my daughter. I pay child support . Can my ex girlfriends mother claim her over me.

2007-02-03 10:39:42 · 13 answers · asked by mbarre25 1

I received a clothing allowance check for $775.00. Taxes were deducted and net amount was $615.00. Can I list clothing purchases on my taxes or can I only list any amount over the $775.00 ? I have gotten conflicting answers and was wondering if anyone knows for sure. I'm too poor to hire an accountant.

2007-02-03 10:38:40 · 2 answers · asked by Kimmy 4

In prepararing my 2006 tax return using HR Blocks's TaxCut, one of the error stated, "An amount has been entered in the Taxpayers Roth contribution basis, but the sum of prior year contributions,entered in History of Roth Activites, are less than the contribution basis".

The reason was that I had filled $1000 as Roth IRA contribution in 2005. However, after filing my 2005 taxes, I made another $1000 contribution to my IRA and applied it to the 2005 tax year.

Hence, I actually made $2000 IRA contribution in 2005 as against the $1000 reported in my 2005 tax return.

How do I fix this problem in my 2006 return?

2007-02-03 10:37:34 · 6 answers · asked by spagi2010 1

My state tax refund form hasn't came in the mail yet and i already have my W-2 ready to go. Isn't there a website where i can download that form so i can get going with filing my tax refunds?

2007-02-03 10:29:20 · 0 answers · asked by Anonymous

2007-02-03 10:27:41 · 4 answers · asked by judial21 1

2007-02-03 10:25:44 · 3 answers · asked by rapturefuture 7

2007-02-03 10:25:16 · 3 answers · asked by Joe D 1

I did my taxes online using H&R Block, but close to the end it asked me for a pin which I never used and how much I made in 2005 which I lost my paper work for. So can I just go to the store and do it over since they were prepared online but not filed

2007-02-03 10:24:47 · 3 answers · asked by Anonymous

We got married in late November of 06. I was living in a house that we had bought in February of that year by myself making the payments while my wife was living with her roommates until we got married (We went the old fashioned route). I was wondering since we were only married for a short portion of the year if I could file as single, claim the interest deduction myself and then she could just file as she normally would. Or do we have to file as married now?

2007-02-03 10:20:39 · 5 answers · asked by projoe1979 1

What is the Standard Deduction for married filing jointly.

2007-02-03 09:46:39 · 3 answers · asked by Candyman 2

I reported a W2-G of $500 for winnings, which allows me to deduct up to $500. I probably do have losses this large, but obviously I don't keep receipts from casinos, lotteries, etc.

2007-02-03 09:39:17 · 21 answers · asked by seal 3

okay here is the problem this 2006 tax year i put in alot of overtime hours and my check is about 2100.00 every 2 weeks but the problem is that they tax me with like about 600 to 700 hundred every paycheck so i really dont want them to take so many taxes from my checks so should i just go exempt for 6 months or go with 9 dependents and the other 6 i will claim 0 dependents and claim single will i have to pay at the end of the year on tax period 2007?

2007-02-03 09:30:12 · 8 answers · asked by Anonymous

I make about twice as much as my wife, when we file together we dont get anything back. When she files separate (no accidental errors in the wrong filling boxes) from me, she gets a little back, and when I do it separate I get a lot back. My question is how do I do the deductions. we have separate bank accounts, I pay the mortgage, real estate taxes, etc. how do we deduct that? Thanks.

2007-02-03 09:24:21 · 4 answers · asked by jmseymour1 2

Can anyone please give me tips on what to do so that i can get a better tax refund?

2007-02-03 09:20:57 · 8 answers · asked by Anonymous

my girlfriend made only 4K and she only got 1 dollar back. what happened?

2007-02-03 09:14:42 · 3 answers · asked by bjagd02 1

2007-02-03 08:57:53 · 5 answers · asked by stonecold30120 1

2007-02-03 08:48:01 · 2 answers · asked by rapturefuture 7

my parents did their taxes and they were told their interest paid was not deductible. i dont have all the details yet, but does any one know why this might happen?

2007-02-03 08:47:27 · 7 answers · asked by Hiram D 1

2007-02-03 08:41:52 · 2 answers · asked by George W 1

2007-02-03 08:41:05 · 1 answers · asked by mb 1

2007-02-03 08:39:07 · 2 answers · asked by d d 1

My best friend got $8000 back last year with her three children. This year they told her she couldn't get the child tax credit for all three. Is there a new law? I was wondering because I have a new baby and now we have three total. I was realy needing the extra credit so we can get a van. Has any one already filed taxes who have more than two children and if so how many could you claim the child tax credit for?

2007-02-03 08:38:48 · 4 answers · asked by Anonymous

I just got married, lived in NY for 7 months and the remaining 3 were in CT. Do I also file two separate state tax returns?

2007-02-03 08:30:14 · 4 answers · asked by Marielis R 1

I need to file form 5329. It's somewhat obscure. Can someone who has TurboTax confirm that form 5329 is available through TurboTax?

Thanks,

2007-02-03 08:29:57 · 2 answers · asked by Matt K 4

my hasband made more than me this year. can he file head of household and claim me and our daughter as dependants? i would just file married filing w/ no dependants right? can we do that?

2007-02-03 08:19:00 · 4 answers · asked by shanzy02 1