United States - February 2007

I"m working on my income taxes and have two questions.
First of all do I report the money in my current 401 k plan, if so where, i"m using 1040 A form ?
Second question, I compeleted a 401k rollover from my old job to my current job. I got a 1099-R form, $ shows up as a gross distibution no federal income tax was withheld, rolled right over, how do I report that money which line on the 1040 A form ?

2007-02-25 05:34:09 · 4 answers · asked by ou812 1

I received a nasd arbritation settlement on a 1099 mics form. The attorney fees are included on the misc income form. When completing my taxes I did not find a way to remove the fees to pay taxes only on the net. How can this be accomplished.

2007-02-25 05:30:52 · 3 answers · asked by Anonymous

2007-02-25 05:24:31 · 4 answers · asked by regeraci 1

2007-02-25 05:22:42 · 4 answers · asked by Anonymous

This seems almost too easy.......I plug my info in to TurboTax as far as what I paid for books and such, and my refund goes thru the roof. I am estimating the book cost, however, and that makes me nervous. Will they ever ask for receipts? Any info on the Lifetime Education credit would be appreciated. Thanks!

2007-02-25 05:22:38 · 3 answers · asked by Katiecat 5

I recently purchased a computer which crashed after I bought it and I returned it for a refund but was not refunded the sales tax I paid. I am in Nevada and it was purchased at a local retailer.

2007-02-25 05:04:48 · 4 answers · asked by vikingsmama2 1

2007-02-25 05:02:58 · 2 answers · asked by FREDDYJONES 1

2007-02-25 04:31:38 · 13 answers · asked by ithek_thundervoice 4

2007-02-25 04:27:36 · 5 answers · asked by fivekidz2 1

2007-02-25 04:26:26 · 5 answers · asked by Alex Five 1

2007-02-25 04:19:10 · 2 answers · asked by Lisa Holler 2

I've always done the taxes myself. He isn't paying child support or anything like that, and I live in the marital house with 2 of our 3 kids. (the oldest is 18 and on her own) I'm working 2 jobs to make ends meet. I was going to file "head of household" There are divorce papers that were filed in January.

2007-02-25 04:15:26 · 4 answers · asked by becky 2

2007-02-25 03:57:22 · 2 answers · asked by theprince_10 1

I moved to Massachusetts from Iowa last October, and have W-2's from both states. Should I pay to have my taxes done by professionals or do them myself as I always have done? Is this going to cost me additional money to file for two states?

2007-02-25 03:52:49 · 5 answers · asked by ryanpatrickcoffey 1

My ex and I divorced in 2006. The judge ordered that we file jointly for 2005. My ex didn't want to do that, so we filed separately. We also claimed the same kids. I got a letter from the IRS asking me to re do the tax (1040X) w/o the claims. I have already paid $2500. Now it will be another $1500 to $1800. Can I re submit the 2005 tax and re file jointly ?

Thanks

2007-02-25 03:35:03 · 4 answers · asked by wahrana 1

We moved to a house that had an extension built 4 years earlier we were not told by the estate agent or solicitor that theCouncil Tax will increase because of this. I have been in touch with the Valuation Agency to appeal, I wondered if anyone else has experienced a similar issue who could perhaps help.

2007-02-25 03:22:55 · 2 answers · asked by Anonymous

for the 2006 tax year i attempted 18 credits and recieved 11 the other 7 were a withdraw form the class the 11 credits were passed can i still be claimed as a depent on my parents taxes as a full time student?

2007-02-25 03:19:26 · 5 answers · asked by Anonymous

What is a good way to file everyday receipts. They just build up on my desk and I would like to track my expenses and if I need to take something back.

2007-02-25 03:03:44 · 3 answers · asked by Anonymous

I changed jobs in November. Got my W-2 from my previous employer, when looking at it I realized that they only withheld a very small amount of federal taxes. My state taxes had more withholdings. now I am going to have to pay all of those taxes, is there anything I can do?

2007-02-25 02:28:00 · 6 answers · asked by bolufsen 1

They were supposed to direct deposited it in a credit card form.

2007-02-25 02:15:11 · 4 answers · asked by threejnnings 1

how many years does the IRS ammortize the pay back amount over? 10? 30 like a mortgage? longer? And, since this is essentially a loan, does the IRS charge interest to the debtor?

2007-02-25 02:13:58 · 3 answers · asked by Just Mee 2

2007-02-25 02:01:38 · 5 answers · asked by Just Mee 2

I am helping my brother with his taxes, and he needs to claim his summer income from our dad because he put the money into his Roth IRA (smart kid!) and you are only allowed to put money into a Roth that is equal or less than your earned income. How does he claim this money as income without a W-2 or is there some sort of W-2 he can have our dad fill out for him to claim it. Its payment for building a retaining wall on his property and of course he has no tax id etc. Thanks!

2007-02-25 01:51:02 · 4 answers · asked by Kate K 1

2007-02-25 01:35:50 · 6 answers · asked by WG 1

2007-02-25 00:38:48 · 2 answers · asked by Anonymous

The properties are owned by an LLC and income is reported on 1065. I have been depreciating the property, and have a $30,00 gain over the adjusted basis. If this is capital gain, how do I show this on the 1065 and schedule K.. Ihave used turbo tax and they have put this as ordinary gain.

2007-02-25 00:26:45 · 3 answers · asked by vahiker_2000 1

All 3 of her jobs she earned a couple of hundred at each. Does she have to add them into our income when filing taxes? Please provide links to answers given, as I have searched but can not find an answer. Thank you.

2007-02-25 00:09:52 · 8 answers · asked by theMike 1

2007-02-24 23:59:22 · 3 answers · asked by poor_f_in_slob 1

i am am mechanic, and am alowed to use my tools, uniforms and boots as deductions, the people around me say you deduct from state not fedral. why is that. i live in PA if that matters any

2007-02-24 22:49:06 · 2 answers · asked by gordon o 1

2007-02-24 20:30:36 · 2 answers · asked by ksuarez5 1