United States - February 2007

i just got 1098-T from school, box 2. $3,046(amounts billed for qualified tuition and related expenses), and box 5. $4,520(scholarships or grants) but the other boxes are empty.
I think none of amount can not claim for deduction because i used scholarship/grants for expenses, expenses less than scholarship/grants.. and I don't have any expenses record which paid by myself at this time. please give me advise. thank you.

2007-02-23 13:23:20 · 2 answers · asked by DK 1

I recently completed a $250,000 addition/renovation on my home. The contractor wants to charge me 6% tax...is that legal?
What am I being taxed on?

2007-02-23 12:22:00 · 6 answers · asked by Donna T 1

I am doing my Taxes online and I have a question. I am a homeowner, and on my form It has two different boxes. I have a real estate box, asking how much I have paid in real estate taxes and I have a property tax box, asking how much I paid on my property tax…..can I put both down? I don’t own any other property….

2007-02-23 12:13:12 · 5 answers · asked by Anonymous

when i called an insurance place they asked me for my tax id number and i don't have one

2007-02-23 12:06:14 · 9 answers · asked by Anonymous

How long will it take for my refund to show up in my account?
I assume that asking for a direct deposit will be faster, right?

2007-02-23 12:06:00 · 3 answers · asked by buttnut 1

2007-02-23 12:04:55 · 4 answers · asked by COblonde 3

father-in-law want to give us ten thousand out of his retirement to help us with starting a business and i'd like to know if there a way so we or he doesn't have to pay taxs on it ?

2007-02-23 11:36:58 · 4 answers · asked by longtripa 1

2007-02-23 11:22:28 · 10 answers · asked by Jane 2

WHAT DO i DO IF i OWE MORE TAXES THAN i CAN PAY? i BECAME WIDOWED IN 2005, AND HAVE TAKEN MINEY OUT OF MY IRA TO LIVE ON.

2007-02-23 11:14:04 · 8 answers · asked by JACKIE M 1

Hello I live in california... I owe $4800 in back taxes from 1997 ... today i noticed my bank account was levied for $1800 which means i still owe the IRS $3000 since we are in the year 2007 does it mean i will still owe the $3000 since I think there is a 10 year statue of limitaions?.. should i start i monthly payment plan or hold out for the limitation...thanks so much

2007-02-23 11:01:18 · 6 answers · asked by m k 2

i work hard all week, and too try and get ahead i stay extra, but all my extra time in goes to UNCLE SAM!

you already get the steady fourty taxed, and were taxed in everything we do, so i say that for those hard working few that are trying to get ahead i say that we shouldnt be taxing our over time that being anything over fourty hours a week.

2007-02-23 10:55:02 · 11 answers · asked by And i heard as it were a thunder 6

I haven't made enough money to file. For the first time in a long time I did this year. I'm afraid of getting audited. Is there anything I need to do to keep that from happening?

2007-02-23 10:33:41 · 7 answers · asked by catwommn 2

Ifiled taxes online and got denied because it said someone else had filed using my social security #. I called the irs and they said to go to an established tax place, file and send it in be snail mail. I did that and now the online place has accepted it and already deposited my refund. will i get in trouble for the other one when they recieve it? what should i do?

2007-02-23 10:19:05 · 6 answers · asked by kysatterfield 1

Theres a question on my tax return asking Are you claiming yourself as an exemption? Im not sure what this does if I claim it. Im not dependent on anyone so it says I can claim it but is this a bad thing to do or a good thing?

2007-02-23 10:17:40 · 8 answers · asked by Alia H 1

In 2006 I made AGI over 95k but less than 115k thanks to an end of the year bonus. However I funded my Roth IRA at the full 4k amount earlier int he year. How do I resolve this?

2007-02-23 09:31:29 · 4 answers · asked by darkrevni 1

without the social security card to claim someone without that person knowing it or ever finding out. they claim them last year so there number should be on there last claim is this possible or do they have to ask permission and card?

2007-02-23 09:23:43 · 8 answers · asked by myangel228 3

If I am awarded money, I am not sure if I have to give the government half of it or not.
Any help would be greatly appreciated!

2007-02-23 09:18:40 · 2 answers · asked by Anonymous

I have a p o box ..but check went to physical address if the check was returned to state IRS how long will it take to get the check back. what is it that I need to do once I have updated the information with them..How long does it take once allof this is done?

2007-02-23 09:03:22 · 2 answers · asked by youngcheryl2000 1

2007-02-23 09:00:57 · 7 answers · asked by gelcsics 2

I live with my mother, but I earn my own money and support my son. In order to claim head of household, do I need to own the house or rent the house or pay utilities on the house? Or do I not understand head of household completely?

2007-02-23 08:58:14 · 3 answers · asked by Rachaelatwork 1

what happens if i move all my money to a european or canadian bank??? im going to get a large inheritence soon,i dont want to pay any cap gains or any other kind of taxes period.its not there money.i was thinking just open a german bank account.can the irs go after your funds in a foreign account?

2007-02-23 08:55:01 · 2 answers · asked by kevin m 1

We moved our apartment within 25 miles of where we stayed and this was in December 2006. We did this primarily for being near to my wife's office.
Can I claim any tax benefits on this?

2007-02-23 08:41:32 · 5 answers · asked by akki 1

I recently filed my tax returns and received my refund checks. Then, about a week later I received another W-2 from a job I forgot I worked for about the first week of 2006. My gross pay was only about $170. I have been told that I have to file an ammended return? Can I cash the refund checks before I do that? Do I have to send them back?

2007-02-23 08:30:25 · 6 answers · asked by Caeli 3

2007-02-23 08:28:47 · 9 answers · asked by Anonymous

I need to know if a person is living with 2 children and their parent, but is not related to any or married to the parent, and he is the only income, can he claim the 2 children and the parent on his income tax as being his dependents?

2007-02-23 08:23:40 · 5 answers · asked by gothmomma_2 1

I was expecting a direct deposit today (Friday) and it's 4pm and I don't have it yet?? Can anyone help me?

2007-02-23 08:11:04 · 7 answers · asked by juana j 1

2007-02-23 07:47:41 · 3 answers · asked by barbara h 1

short term capital gain 4466.33
highest federal and state (wisconsin) tax bracket
giving full amount to charity
I am subject to AMT

2007-02-23 07:28:31 · 2 answers · asked by taxesarrrrgh 1

Granted, said family members do not live with me. If such money couldn't be claimed as a deduction for supporting family, can it be claimed as a deduction for charity?

2007-02-23 07:10:28 · 9 answers · asked by Wee Bit Naughty 3

I need my taxes done for a mortgage closing in one week. Is there a big difference in return this way?
Prior question:
How do I complete our taxes if my husband does not have a social yet?
He has gone to the ss office and applied for it but it takes 30-45 days and I need to get my taxes done asap. I have a letter stating that he has applied.

2007-02-23 07:08:58 · 3 answers · asked by Anonymous