United States - February 2007

I am filing married, filing jointly and trying to decide whether to file a 1040EZ or regular 1040. The only deduction I have is student loan interest of $1,200.

The standard deduction on 1040EZ is $16,900 but the standard deduction on 1040 is only about $10,000. Why is that? If I only have $1,200 in deductions, it seems that I would be much better off filing on the 1040EZ. Is this correct?

2007-02-01 11:18:22 · 3 answers · asked by Anonymous

2007-02-01 11:07:39 · 8 answers · asked by HITMAN 1

Are the`residents in fort smith, arkansas not gettin ssi payments today? It has snowed here.

2007-02-01 11:02:55 · 2 answers · asked by Jeremy Medlock 5

I misplaced my tax id, how do I find out what my tax id is? Is there a website for that?
Please help. Thank you

2007-02-01 11:02:21 · 3 answers · asked by Anonymous

I just received a 1099 for consultant work I did in 2006. The 1099 is for an amount far more than I was actually paid. I am contacting the company, but it is a huge bureaucracy and I’m worried they won’t correct it. What can I do on my return to not go into poverty to pay taxes on an enormous amount of money that I was never paid.

2007-02-01 10:57:57 · 3 answers · asked by Tom K 2

It would be so much better then dealing with the IRS and the tax code which even the IRS admits doesnt make any sense

2007-02-01 10:55:05 · 3 answers · asked by me45404 3

My business had taken a loan out in 2004; I know that I was able to deduct the interest for the last couple of years; now it came due in 2006 - about $40,000 I had to pay; is there anyway to legally deduct that loan payoff?

2007-02-01 10:49:04 · 0 answers · asked by kregz@sbcglobal.net 1

My son was born in March 06. This year my x-boyfriend made 19,000, and I made 38,000. My x-boyfriend's family told us that my boyfriend should claim our son because he would get more money back. I disagree. I had read that the person with the higher income should claim the baby. Also, I rent an apartment, could I claim head of household and get more money back? What do I do if my X claims my son? I pay for everything and my son lives with me.

2007-02-01 10:48:12 · 5 answers · asked by Kristine 2

I have had a dividend reinvestment account that has been active for almost 30 years. I sold 3/4 of it in order to purchase a home this year which amounted to about $75,000. According to the cost basis calculator on the tax software I'm using, I will owe about $13,000 - does this sound accurate? I do not have the full purchase history - the stock has gone through several mergers since it was acquired when I was a baby. I hope I'm doing something wrong - any direction would be much appreciated.

2007-02-01 10:46:39 · 3 answers · asked by TheGrobe 1

I filed my federal and state income taxes on 1/30, and my return was accepted by both agencies.

However, today, 2/1 I received an additional W2. I had completely forgotten I worked for this company and it was brief and the beginning of last year. The difference is about $200 in their favor on each return.

I know I have to file a 1040X, but my return was scheduled to be direct deposited next Friday. Is there any chance they still would, and I just send back the difference? Can I call them to try and get them to release the approval so I can put the new w2 info in, or will they adjust it automatically without a huge wait?

This was an honest mistake and I am so sorry, I just had made some arrangements to pay bills with the refund and hope it will work out. Does anyone have a similar experience?

2007-02-01 10:43:14 · 3 answers · asked by Kayleigh Grace 1

2007-02-01 10:38:06 · 2 answers · asked by pomelosranch 1

We bought in mid-2006. I would like to make sure whatever answer we receive applies to state and federal returns.

2007-02-01 10:35:29 · 4 answers · asked by lunar 1

2007-02-01 10:24:12 · 4 answers · asked by AJ 2

Last year when I got hired my work told me that I could go exempt for federal and state taxes, but it ended up now that I owe 1400 to the goverment, can I hold work at fault and make them pay it instead or something?

What are my options?

2007-02-01 10:17:55 · 5 answers · asked by Anonymous

Last year i my neice stayed with me and my mom for about 8 months so i claimed her on my taxes. I got audited and they wanted proof that she stayed with me well that is the problem considering the fact she did not change schools. Well since I did not have any proof she stayed with me i let the deadline on the letter pass. I recently learned that i could have sent in notorized letters from my mother and sister(my neices mother). is it to late to do anything because i received a letter saying i owe $3800?

2007-02-01 10:17:01 · 3 answers · asked by Mrs_Ford 2

I'm single but had someone stay with me for 7 months, i have no way to prove this, can i still claim head of household?

2007-02-01 10:08:26 · 3 answers · asked by nelson0561 1

My sister and I are going to Disney World in Sept. She has pins in her knee from when she hurt it when she was a kid. Is this going to affect her going through airport security? Will she be beeped? Does she have to prove she has pins in her knee? Any help would be great. Thank you

2007-02-01 10:00:15 · 7 answers · asked by TWil 3

What amount do I need to claim on my income tax? Say the amount was $80,000.00 with both our names on the 1099-S.

2007-02-01 09:57:31 · 3 answers · asked by pat o 1

How would I go to achieve my old w-2 forms from those years?

2007-02-01 09:55:04 · 5 answers · asked by palee 1

I got my W-2 form and old employer and they did not take out Federal taxes I made over 2K they should have. What should I do?

2007-02-01 09:49:26 · 6 answers · asked by dsander06 2

should i file single and claim her as my dependent since she cant work? is this possible? why file jointly if she isnt working?

2007-02-01 09:45:55 · 8 answers · asked by chuckdaddypapalove 1

I think the law is that it has to be postmarked by January 31st. What happens if it's late or I never receive it? To whom do I report it? The labor board or a tax bureau??

2007-02-01 09:35:18 · 3 answers · asked by chrissy25 5

i paid a very substantial amount of extra money into my taxes with this guy and i have not recieved my w2 yet and i called him yesterday and today for him to call me and let me know whats going on but he hasnt returned my call. what are my options if he doesnt send it to me? isnt it the law that he was supposed to have it out to me yesterday?

2007-02-01 09:34:16 · 6 answers · asked by cmbc587 3

Me: earned about $30k in '06. Spouse: earned about $9k, but has school tuition to deduct. Simply considering this info, which would be more advantageous (larger return): filing jointly or separately? Just looking for a jumpin off point here. Thank you!

2007-02-01 09:25:33 · 7 answers · asked by targethc 1

how much taxes are taken out %age wise when you are getting money back in bulk from pension?

2007-02-01 09:20:41 · 3 answers · asked by Lisa 5

I am 17 and made about 5000 dollars in 2006. I got my w2 information and there was a decent amount of federal income tax witheld. How exactly do i go about getting that back?

2007-02-01 09:18:29 · 4 answers · asked by wildcolt@sbcglobal.net 3

I'm a single guy with no kids and I live on my own. I don't have a ton of deductions so doing my taxes is usually very straightforward. How much would it cost to have it done by a professional?

2007-02-01 09:05:46 · 6 answers · asked by wsdmskr825 2

It is illegal in many state to live together and not be married, the law is just not enforced, until the govt thinks you want something from them. Some people called me nuts I call the IRS and they said (Karen S. # 5909319) as long as it is not illegal to cohabitate together in GA (it is in FL) I could be a qualifying dependent. Page 20, Booklet 1040. Thanks

2007-02-01 08:44:15 · 3 answers · asked by alphayesme 1

2007-02-01 08:42:47 · 5 answers · asked by rachel 1

2007-02-01 08:23:33 · 6 answers · asked by Civita 1