United States - February 2007

I had an income of about $25,000, but about $6,000 of this was from the state of New york, the remaining was earned from Florida. Is it proper to pay New york state Tax on the Florida income. when florida has no state Tax.

2007-02-15 01:02:30 · 5 answers · asked by udoekwere2000 2

I am a college student with a job...I have my w2 but I also got a 1098-T from my school. It's my first time filing taxes so I don't know where to put in the info from the 1098-T on the 1040 form...anyone can tell me where to do this? I don't see anywhere on there where to do put the info...I'm asking this because I'm filing online, not using a professional.

2007-02-15 00:49:46 · 4 answers · asked by Saved and Sanctified 2

I had a minor business income in 2006 approximately 4K. I have a fulltime job so business is partt time. SHall i file business income separately on EIN or with same married filing joint return ??

ANy advice?

2007-02-14 23:45:11 · 4 answers · asked by desiredKay 2

2007-02-14 23:25:01 · 1 answers · asked by fullesst 2

If you're holding shares of a particular stock, but you don't sell, do you pay capital gains (or any other) taxes? Or do you only pay after you've sold? Also, what about a stock of a company that went bankrupt and liquidated, yet you can still see the shares in your portfolio (doubt I could sell them?)?

Thanks.

2007-02-14 21:17:09 · 5 answers · asked by Anonymous

After I had them done I recieved the W2c statement. The amount was aproxamitly $1,350.

2007-02-14 19:01:37 · 5 answers · asked by Geoff 2

I became a fraud victim of a well-known Internet scam?

I lost $5000 by taking a fake cashier check.

How can I report my loss for tax deduction?

For the details of the fraud, http://seattle.craigslist.org/about/scams.html

2007-02-14 18:32:27 · 5 answers · asked by mounties 1

okay...after you pay up your bills, what are you going to go out and spend your money on? what are some crazy things that you've splurged on in the past?

2007-02-14 18:28:46 · 5 answers · asked by Anonymous

Can I report my loss of contract deposit for tax deduction?

Last year, I gave up my contract deposit ($10000) when I had to back out my offer in buying a house.

My realtor was so aggressive as to blindly let me go into a bad deal for buying an investment property.

Can I report my loss of contract deposit for tax deduction?

2007-02-14 18:07:54 · 5 answers · asked by mounties 1

2007-02-14 18:05:01 · 5 answers · asked by lina 1

2007-02-14 17:46:28 · 6 answers · asked by lina 1

My sister is 25 years old and attending grad school full time. She has been living at home for about 3 years since finishing her undergraduate studies. Her income last year was reported about a little over $3,000. The previous year tax preparer told my parents that she could not be claimed as a dependent once she is over 24 years old. We went to a different tax preparer this year and my parents were told she could still be considered as a dependent because she is a student with a low income. Who is correct?

2007-02-14 17:43:48 · 5 answers · asked by Kalyfornia 2

2007-02-14 17:16:43 · 5 answers · asked by lina 1

I did my taxes using H&R Taxcut. I used Direct Deposit, with the "Simple Pay" option. The bank that handles H&R is HSBC. I currently have a credit card with them that has an outstanding balance. The IRS says the refund was deposited on Feb. 9th. Nothing in my account. Can HSBC withold my return because I owe them money?

2007-02-14 17:03:16 · 3 answers · asked by Tyler 1

2007-02-14 16:36:28 · 4 answers · asked by ckingmor 1

Let's say it is 78 billion dollars a year.
War is not an answer.

2007-02-14 16:11:50 · 2 answers · asked by dorthix 1

Last year, I was going to buy a second house as a rental home and paid $20,000 as honest money. But I changed my mind not to buy that house so that I lost all honest money. Can I deduct this as capital loss or else?

2007-02-14 14:54:27 · 4 answers · asked by mounties 1

changed to the 27th.

2007-02-14 14:53:49 · 4 answers · asked by nail_js101074 1

If you paid the alternative minimum tax last year because you had a sizable deduction with little income (MBA), can you restate your prior year taxes to take the sizable deduction this year?

2007-02-14 14:36:22 · 2 answers · asked by Chris S 1

My income is within the required limits of most e-file sites, but last year a website tried to stick me with fees after I entered all my info. Don't want that to happen again. Please help!

2007-02-14 14:25:59 · 8 answers · asked by Carissa S 1

2007-02-14 14:18:37 · 4 answers · asked by andrew k 1

i (and my husband) filed my taxes a little over a week ago (at Jackson Hewitt). i tried to do the "money now" refund, but i found out the next day that i was denied. they then said that it would be 2 weeks before i got my refund back. okay...i could handle that. then about 4 days later they called and said the "bank" (no one has told me who this bank is....) "has received my refund and used it to pay any fees or outstanding debts that are owed. the net refund will be avaliable if any refund deposit is received by the bank, any remaning balance will be deducted from the proceeds".....and that was all it said (they had a peice of paper). Jackson Hewitt gave us some numbers to call, but of course they are all automated. we cant get a hold of anybody. what should i do??? I'M SO FRUSTRATED!!!! PLEASE HELP

2007-02-14 14:18:08 · 5 answers · asked by Anonymous

the defendant was a bad contractor, who never fulfilled the contract.

if we could claim it as a financial loss, what additional documents would we need? Right now, all i have is a judement mailed to me from the court.

2007-02-14 14:09:47 · 8 answers · asked by bill 1

Ok..Here's another problem. The Irs website states that my refund will be deposited on 2-16. I originally applied for a Refund Anticipation Loan (through Santa Barbara Bank and trust) and was denied, and that my refund would turn into a Refund transfer. (they will collect funds then disperse them to my bank account. I checked with SBBT for my account status and this is what it said

The IRS issues refund deposits each Friday, so your delayed deposit may not arrive until the following Friday. You may visit www.irs.gov to check the status of your refund.
The IRS did not deposit funds to your account as originally expected. The IRS usually makes refund deposits within 9 to 16 days, but your deposit was not received within that timeframe. At times the IRS will delay a refund deposit by one week, so you may check back at this site seven days from now. If no deposit is made by then, you should contact the IRS. For more information on the status of your refund. IT'S ONLY WEDNESDAY HELP!!

2007-02-14 14:01:18 · 2 answers · asked by Anonymous

In 2006, I transfered money from my employer sponsor 401K directly into my Rollover IRA account. They sent me a 1099-R form for the distribution although this money is tax exemption. How am I going to report this 1099-R in my income tax? Thanks for your help! Le Nghp

2007-02-14 13:53:16 · 6 answers · asked by le_nghp 1

Im trying to fill out tax return for year 2006, but Im having trouble handling long-term capital gain. If i report full amount of long-term capital gain on line 13 of the 1040 tax return, I will be on high tax bracket. I heard that long-term capital gains are treated differently based on which tax bracket your taxable income is on. Do i include capital gain on adjusted gross income to arrive at taxable income so i can determine which tax bracket i am on or do i calculate taxable income without including capital gain to determine which tax bracket i am on so i can handle capital gain favorably if i am on low tax bracket?

2007-02-14 13:40:28 · 3 answers · asked by ephemeralious 1

2007-02-14 13:35:15 · 7 answers · asked by scot k 1

just anxious

2007-02-14 13:13:48 · 7 answers · asked by averyjea 2

If my kid worked, do I claim her as dependant? Does she file own taxes?

2007-02-14 12:55:30 · 7 answers · asked by asheyknees 2

2007-02-14 12:33:18 · 4 answers · asked by Emmabinky 2