United States - February 2007

Hi. In 2005 I filed $10000 dollars worth of tuition expense but I could only deduct $2000. This year (2006), can I claim $8000 worth to try to get another education credit this year since I was not able to fully benefit from my tuition expense?

2007-02-20 06:12:31 · 4 answers · asked by Moomoo 2

I didn't file taxes in 2004 or 2005. I just thought I didnt make that much so whatever. Didnt realize that I get $$ for my daughter, etc. I am wondering if for 2004 & 2005 they have to be mailed in or if there is someway to efile those. Also wondering (I know they say it can take up to 90 to process returns) how soon it could be processed when paper returns are mailed in. I know w/ state that was efiled i had the check in less than a week and they said it could take 21 days. Any info would help, i need to get car fixed!! thanks!

2007-02-20 06:07:39 · 4 answers · asked by Anonymous

I elected to receive my pension at 55 . is my pension taxeble , meaning do i have to pay taxes on it.

2007-02-20 06:02:56 · 4 answers · asked by adam b 2

how long do you have to wait before you claim your child?

2007-02-20 06:02:18 · 12 answers · asked by mynhi 1

I had a bundle route for our local newspaper.They did not take out taxes and i'm not sure since i'm single and they did give me the 1099 form if i have to file taxes since i done some research and found that i'm under the requirement of gross income(I think it was 7700.00 or something like that).....Any opinions ??Help !!

2007-02-20 06:00:45 · 7 answers · asked by hotrod_shell 1

Owe Fed Taxes - would like to settle for smaller amount. Not sure if we can - do it on our own or use one of these companies I see advertised (settle for pennies on the dollar). Any info/advice would be appreciated!

2007-02-20 05:45:35 · 1 answers · asked by Suzanne 3

I recently filed my tax return and noticed the Date of Birth is incorrect for one of my dependent, does this mean I need to file an amendment?

2007-02-20 05:24:08 · 16 answers · asked by Anonymous

Sue has residence with adjusted basis of $200,000 and a FMV of $150,000; later sue decide to convert the resident into a rental property; once year, later taking the depreciation of $15,000, she is considering selling the property. Determine the results if she sell the property for $130,000. or $165,000

if the property selling for $130,000:
to me i think the answer is: $200,000 - $15,000 = 185,000 adjusted basis
130,000 - 185,000 = -55,000 realize loss which can deduct against taxable income;

if the property selling for $165,000:
same basis $185,000, $165,000 - $185,000 = - $20,000 recognize loss against taxable income

is the above correct? please correct me if i am wrong; and also when you convert a home resident to a rental property is there anything particular need to becareful with?

2007-02-20 05:10:07 · 2 answers · asked by Anonymous

I work for a small firm. Every year they give me a W2 as well as a 1099. The 1099 is only for $4800, which is a lot less than the W2. Nevertheless, is this legal for the firm? If so, can I take advantage of the 1099 I am receiving and call myself self employed to deduct legitimate home office expenses? Could I also set up an SEP plan? I already have a SIMPLE IRA at work.

2007-02-20 05:07:49 · 8 answers · asked by David F. 2

Was it me or has anyone else had there income tax check snatched away by creditors....

It really hurts, that was money spent
I'm talkin like $2400,,,,damn

2007-02-20 05:01:20 · 9 answers · asked by Storm 2

Using turbotax, but can't find out this info. Please help.

2007-02-20 04:42:22 · 2 answers · asked by Anonymous

Does the IRS have the technology to flag your return based on the absence of previous returns?

2007-02-20 04:33:52 · 6 answers · asked by Anonymous

It is a Delaware based Company operating in California.
I tried B$D and hoovers . I Tried to get in touch with people from this company but invain. please help its urgent

2007-02-20 04:22:47 · 1 answers · asked by faryal k 1

i was talking to a guy and he said that there is some federal law. something like because he was in college he did not have to pay income tax

2007-02-20 04:14:19 · 4 answers · asked by guitarbuttmunch88 1

how do i claim mother on my income tax if all she recieves is disability from SS. i pay all the bills her and mine so i would say that she is dependent of me ... so does that mean she is my dependent... and can do this without any trouble ...I'm working two jobs, go to school part time , and recieve financial aid

2007-02-20 04:14:01 · 3 answers · asked by Raven 1

My question has to do with filing a joint return with W-2s from Virginia (with state income tax) and Texas (No state income tax). I moved and worked in Texas from June 2006 until December 2006 while my husband and children remained in Virginia. I normally use Turbo Tax to file our taxes. So would I just create a federal return listing all work and income from both states and then just file the Virginia State Income Tax with only income earned for within the state of Virginia for 2006? Right?

2007-02-20 04:10:27 · 4 answers · asked by lremmell64 4

My husband's wages are being garnished for defaulted school loans. We filed jointly, can they do both: keep our federal tax return, garnish his wages? They have already kept our state return.

2007-02-20 03:55:08 · 11 answers · asked by globalme 1

mother had to pay around 10,000 in fees and extra taxes because he screwed up on my moms taxes yet continues to raise his voice and blamed both of us. When we went to a different agency (H R block) they helped us out and told us that we are going to have to pay another 8000 because of our old CPA guy. Is there any way I can sue this S.O.B. or have things straightened out?

2007-02-20 03:53:52 · 1 answers · asked by John R 2

I have w-2's from both states.

2007-02-20 03:53:47 · 5 answers · asked by kymedley 2

My mom told me she has not filed her Individual tax return (form 1040) for 2003, 2004 or 2005. I looked at her information and each year reflects a refund. Should she file and send each one separately or should she file them in one package? Also, will she get the refunds even though it's been so long?

2007-02-20 03:48:30 · 5 answers · asked by Curious Linda 1

Any tax pro. out there knows that if you are on the eternal hold of the IRS, there are 3 (i think) classical songs that play....can they get new music?

2007-02-20 03:45:58 · 3 answers · asked by Wood Smoke ~ Free2Bme! 6

I've recently recieved my 1098 form. Only problem is that I've already filed my taxes and have recieved my refund. How do I make an adjusment?

2007-02-20 03:44:58 · 8 answers · asked by wurumi 1

The only number i have is 800-829-1040 and 1954, can't get a live person on either of these....any help???

2007-02-20 03:31:06 · 4 answers · asked by Lori W 2

2007-02-20 03:24:26 · 3 answers · asked by Anonymous

2007-02-20 03:23:15 · 4 answers · asked by claran_76 1

I live in Naperville IL (Dupage County, School district 204). I got a house tax bill in mid of 2006. I was supposed to pay it in two parts by May 1st and Sept 1st.

My question is. Did I pay taxes for 2005 or 2006?

2007-02-20 03:23:04 · 4 answers · asked by Anonymous

2007-02-20 03:16:34 · 6 answers · asked by rafael d 1

As a retired senior citizen, with the only source of income being Social Security, living in a subsidized senior citizen complex in the state of Missouri, do I need to file a tax return?

2007-02-20 03:12:48 · 4 answers · asked by lalanmeyer 2

2007-02-20 03:06:56 · 2 answers · asked by Kym 1

Near the ending days of a failed business, I neglected to pay the last quarter employment taxes due to no receivable income. The return was $800.00. Ifigured I'd have the $ in a week or so. I went out of business without paying and the tax authorities attached a jeopardy finding on me, which they presumed I owed much more (equal to when i had a much, much larger payroll), so now. YEARS LATER, I want to buy real estate, and can't qualify for a loan due to the lien. How long will it take me to get this lien resolved? What would be the best way to approach the IRS? Even with the original amount due, and penalties and fines it still shouldn't be more than a few thousand dollars. I could easily pay that.

2007-02-20 02:55:32 · 2 answers · asked by Anonymous