United States - February 2007

I'm 18, I made less than $10,000 last year, and my mom is going to claim me. do i have to file? im from california.

2007-02-24 18:28:22 · 7 answers · asked by spookyfish06 3

I have heard up to seven years in the past. But w/ most everything being computerized and what not, does this still hold true for tax purposes and what are the most important documents to keep?

2007-02-24 17:35:52 · 4 answers · asked by blazing_fire 4

2007-02-24 16:55:29 · 4 answers · asked by r l 1

2007-02-24 16:05:18 · 4 answers · asked by chaparralwolverines 1

I am 17, I live in California and I've made $8700 in 2006.
My parents have me as a dependent.
I know the threshold for the dependent is $4400 in order to be tax free?

Now I have one of my payroll sheets in front of me and I remember talking to my boss back when I started working about cutting some of my taxes from my paycheck because I was expecting to earn less than the $4400 threshold. I got the "FED WT" cut out so I havent paid any of those directly from my paycheck. I have paid the FICA and CA DIS in full.

Is there a calculator or an easy way to find out how much more (or less?) I owe to the IRS?

Thanks

2007-02-24 15:54:27 · 5 answers · asked by Yannis P 2

all 100% of it. On earned income, not gift or inheritance
...Via Mutual funds?
...Bonds?
...Real Estate?
...Foreign Bank accounts?
...Expatriate to another nation
IRS does not need my money any more, I no longer want to be on their mailing list or want to pay taxes anymore.

2007-02-24 15:26:27 · 10 answers · asked by Mark T 6

I have "interest" in 2 natural gas wells. The investment in minimal, but still I know somewhere/ somehow I can deduct all or part on my taxes, but don't know how. Also, I invested in one last year and only reported the income, not the expense, can I now do it this year for last year's investment? All help is WONDERFUL! Thanks!

2007-02-24 15:23:15 · 2 answers · asked by Anonymous

Just wondering ? Thak You all , Texas is where there from & how can this affect them if any ??

2007-02-24 14:55:04 · 7 answers · asked by Anonymous

We want to go long form this year. I paid thousands in medical bills & we also bought a house in 2006 & think we can get a good refund, but we need to know which tax program we should use. If someone could recomend one it would be a big help! Thank You!!!

2007-02-24 14:33:16 · 7 answers · asked by Sherrie L 5

Please give me a source, I have to do a speech for debate, so I NEED A SOURCE to choose you as best answer

2007-02-24 14:17:31 · 4 answers · asked by Stacers 1

House is worth about $400,000, at the very most. He skipped town and now has an assortment of nasty, dirty relatives living there. Cars on blocks, barking dogs chained in the yard, no jobs, potty-mouthed kids. WHY am I paying taxes like a CHUMP while the IRS lets these people live for free? Why won't the IRS sieze this house?

2007-02-24 14:17:12 · 6 answers · asked by Just Mee 2

I just got my Tax Returns and I was just thinking about how 2 years ago i owed the IRS money for something that I screwed up on my Taxes. It took the IRS 2 years before they notified me stating that I screwed up on my taxes and that I owed them a certain amount of money with interest.

Now I ask the questions...Mr. IRS where is my interest at for when you held my money all year? The IRS holds our money all year and at the end of the year they usually owe you money if you claim 0 or whatever. I am just interesting into finding out why we owe them interest if we don't pay them on time. But when they owe us money they hold it all year and don't pay us a penny interest?

2007-02-24 14:15:08 · 4 answers · asked by Prophet_Dizzle 1

I always get a nice Federal refund but I have to pay state more and more each year. My husband and I both deduct 1 and file married. I know it might be better to claim 0, but why is my Federal refund so nice even with claiming 1, and I'm paying state so much?

2007-02-24 14:08:34 · 3 answers · asked by Curious J 1

I entered wrong numbers on Schedule D, (Capital Gains and Losses) under (e) on Short Term and Long Term Capital Gains and Losses.
To do my 2006 Tax returns, first I have to fix 2005 problem.
I used TurboTAX web based utility on my 2005 Tax.
Any advice?
Thank you from California!

2007-02-24 13:41:56 · 4 answers · asked by kon h 1

If I do a hardcopy and mail it like I did last year ,and do not e-fifle, can I use 1 copy to do someone elses?
My parents are elderly and this year I will be doing theirs for them
for the first time.
I am wondering if I can buy one copy and use the forms?

2007-02-24 13:09:02 · 3 answers · asked by Renegade 5

Can I claim head of household when my daughter goes to a different school in a different state during the school year and lives with her father during the school year and stays with me only during the summer months. I pay for her clothing and housing, etc.

2007-02-24 13:06:44 · 4 answers · asked by Just Askin 1

i took a hard ship with drawal from my 401 k to purchase a new home in december when i had my taxes done the agent told me i still had to pay a penalty for the withdrawal,that if i had took the with drawal from a ira i would not have to a pay penatly this reduced my refund two thousand dollers, the agent goofed up twice and did my taxes for 1/2 price but i still think they are wrong ?

2007-02-24 12:37:45 · 6 answers · asked by gear head 2

2007-02-24 11:56:37 · 5 answers · asked by amunner 1

i paid out of pocket for a class and got the 1098-t form from my school.After using an onlne tax service they added the amount i paid to the adjusted gross income section of the 1040.Where can i add $150 for the books on the form? or is not allowed since im doing the tuition deduction instead of the hope and lifetime credit?

2007-02-24 11:38:18 · 3 answers · asked by burppyy 1

A former employer of mine refuses to pay taxes and told me that he did not want me to fill out a W-2 to show state and federal levels what and how much to take out of my weekly $300 check. I continued to persist about it and he finally withdrew $55 from each check... even though he did not know any of my tax information or have me fill out anything saying as such. When I quit six months later, he confessed to me that he had not been paying any tax at all and offered to pay me $1000. I turned it down and then just this January I informed him that I was expecting a W-2 from him based on a prevoius question that I had earlier asked on this service. My question is, on line 1 & 16 (wages, tips, other compensation) he has $6000, on line 17, state income tasx (missouri) he has $100... I've been told that is $47 short and I have to pay for it.

Since he mishandled this situation, can I have him pay this amount? If he doesn't, can I take him to small claims court or is there an IRS form?

2007-02-24 11:29:54 · 9 answers · asked by nicklemeout 2

I formed a corporation at the end of last year. It hasn't made any money yet because I haven't lanuched my business yet. However, I did deposit money from my personal account into the business account. The corp. is privately held.

Do I have to file any paperwork to the IRS or pay any taxes?

2007-02-24 11:29:25 · 5 answers · asked by xtaticlyme 2

Hi All,

I am preparing the 1040 for my aunt and she received a 1099 from her employer. I understand she has to pay all the "other" tax but just wondering if she can deduct her mileage? If not, is there any other expense she can deduct to lower her direct misc income? Any comments or suggestions are greatly appreciated. Thank you for your time.

Best Regards,
Allen

2007-02-24 10:43:03 · 2 answers · asked by Allen C 1

I am a Flight Paramedic and was wondering if anyone had any knowledge of information regarding Tax breaks or deductions for EMS personnel or Paramedics.

2007-02-24 10:37:01 · 3 answers · asked by Anonymous

which of the above incomes are posted to form 1040

2007-02-24 10:17:16 · 2 answers · asked by JACK S 1

We moved into the house we currently live in a little over a year ago. I am not expecting much in my tax returns, but I am noticing on my W2's that city taxes were not taken out. How do I find out how much I owe in order to avoid being audited? I don't want to pay someone to do my taxes, I hardly worked last year.

2007-02-24 10:11:03 · 3 answers · asked by The Only 3

2007-02-24 09:58:52 · 4 answers · asked by Suze 2

well i took my taxes to someone but they did them wrong because i will get back very little, i have all my papers and i have not mailled the forms in can i take them to someone else and redo them or is it to late.......

2007-02-24 09:50:54 · 5 answers · asked by qtip23@sbcglobal.net 2

My huband and I are filing a joint tax return, but I am the only one that had income for 2006. I will have to file a injured spouse form since he has child support arrearages, and I am due a refund on federal and state. On the form 8379 injured spouse part 2 shouldn't everything for me go in (b) allocated to injured spouse? Turbo Tax put my info under (c) allocated to other spouse. I have been trying to contact them, but not having much luck. I am not going to send it in until I am clear how to do this. My state is not a 50/50 state also.

2007-02-24 09:43:50 · 4 answers · asked by Anonymous

My employer says I can pick to get either w-2 from him or a 1099. Should I pick base on how much tax I'll need to pay? How should i look at this, I won't make a lot from the job, should that be a consideration too?

2007-02-24 09:40:51 · 4 answers · asked by cuz 2

Through no fault of either the employee or employer, some wages could not be paid during certain months over the past years. Now the employer wants to repay all of those wages. Will those wages be taxed as this years income, and will that income bump up the employee into a really high bracket? What is the mechanism to properly report this to the IRS? ( I saw previous answers to this question, but not very complete, any new ideas?)

2007-02-24 08:53:49 · 5 answers · asked by pregunton-tonton 1