United States - February 2007

2007-02-26 10:53:29 · 5 answers · asked by Catherine D 1

I GOT REFFERED TO A NEW TAX GUY AND THOUGHT EVERYTHING WAS FINE IT ONLY TOOK 15 MINUTES I GAVE THEM ALL MY PAPER WORK I HAD TO FILE ,THEN SIGNED IT AND MAILED IT OUT,,WHEN I GOT HOME I READ OVER THE RETURN ,,I NOTICED DEDUCTIONS THEY JUST FILLED IN TO GET MORE BACK WHAT WILL HAPPEN AND WHAT DO I DO IF I GET AUDITED?I figured they would do it legit because i messed up on the computer before so i took it to them and it seems wrong?

2007-02-26 10:45:03 · 4 answers · asked by kcir1979 1

When I do my taxes, is it ok to use my 1098-t form I printed from online? It still has the same information as the official one.

They don't send in the form either right? I'm trying to clarify this all, this is my first time using it.

2007-02-26 10:42:02 · 4 answers · asked by Sweetie 2

Tax refund - If I had $8,000 taken out for taxes and I make $40,000 a year, how much should I expect to receive back in my refund?

I'm single, No Dependents, I own a home, Standardized deduct.

2007-02-26 10:18:34 · 1 answers · asked by Ashley E 1

I e-filed my Federal taxes yesterday and got approval from the IRS, all I need to do was mail in the 8453-OL and I would get my direct deposit.

I found out today that I did not include some interest income on loans and need to adjust. I have the 1040X amend form (which is another question on how to fill it out!). I see that this takes 12-weeks for the refund.

Here's my question: do I send in the 8453-OL now and get my return, then send in the 1040X later on and wait for whatever that adjusted balance is? Do I hold off on sending the 8453-OL, and then wait for the amended paperwork to got through, which would then mean I have to wait 12 weeks for the full refund?

I know I need to print out and mail the 1040X, not sure of this other stuff though, thoughts?

2007-02-26 10:08:38 · 3 answers · asked by jambi 1

Do I have to pay tax on any of this?

2007-02-26 10:08:03 · 4 answers · asked by Jones K 1

Tax lien was paid with federal tax return money last year. The state automatically took what was needed to pay it and then I received the rest of my federal return then. State of Ga. dept of Rev shows it paid but courthouse does not. Dept. of rev supposedly sent release to courthouse but was lost and now they are all just waiting. I have called dept. of rev repeatedly for over six months and still is not resolved. Tax liens have been paid since 02/13/06. Need Help bad!!!!!!!

2007-02-26 09:58:28 · 1 answers · asked by Brandy B 1

Tax refund - If I had $8,000 taken out for taxes and I make $40,000 a year, how much should I expect to receive back in my refund? Thanks!

2007-02-26 09:53:02 · 3 answers · asked by Ashley E 1

When is the official day to file 2006 taxes in 2007?

2007-02-26 09:37:35 · 5 answers · asked by athompson 1

I'm currently an university student. I received my 1098-T from school. I don't have relatives in the US. I wonder can my boyfriend get tax refund with my 1098-T? (I heard that I can claim myself as his dependent, how does that work?)

PS. We are in different states.

Thank you so much.

2007-02-26 09:12:24 · 2 answers · asked by 0421 3

This year I got an unusually large bonus (around 35% of salary) while I normally get around 10-15%. Is there any way I can smoothen the tax bite?

- I already max 401-K, have a employer retirement plan and am not eligible for IRAs based on household income.

- This is 2006 bonus, paid in 2007. So the delay a year option is already utilized.

Can I invest the excess money in any investment that would help me defer taxes a la 401-K or classic IRA (I don't know...some government bonds? 529? investing in business? buying a bigger home?)

Thanks in advance.

2007-02-26 08:55:32 · 4 answers · asked by Harry 3

About 6 months ago my wife and I got letters saying that on our 2004 taxes we got back more on our refund than we should have. It said that we both got back over $400 a piece. We have never gotten more than $200 a piece before we got married and since we did our taxes this year "married filing jointly", we got just under $300. How do we prove that we never received the amount they said we did?

2007-02-26 08:55:01 · 3 answers · asked by Anonymous

I worked for a company part-time for 2 years while I was a student. The first year I earned $1,000 the second year(2006) I earned $15,000. The company gave me 1099-MISC instead of W-2. I never signed a contract or considered myself a self employeed contractor. I always thought I was an employee for the company. There was no written agreentment or contract when I started to work. I was paid hourly and was offered a health care plan but turned down because they wanted to lower my hourly rate if I accepted the health care plan.

I didn't file tax return last year because the amount I earned ($1,000) was not enough to file. I found out this year that individual contractors need to file tax return if the income was above $600. Will there be a penalty for me?

I'm trying to submit SS-8 form and have my status changed to employee. How long does the whole process take? How should I file my tax return this year? Should I file an extension and wait for the IRS SS-8 decision

2007-02-26 08:51:44 · 5 answers · asked by Test 1

2007-02-26 08:50:28 · 4 answers · asked by redeemned forever 1

I never work out of the NY offices, and my company isn't registered to take out RI state taxes. How can I handle this at the end of the year? I am assuming that I'll owe RI, and get a NY refund.

2007-02-26 08:48:47 · 2 answers · asked by Dan S 1

2007-02-26 08:41:18 · 5 answers · asked by ashley f 1

2007-02-26 08:37:59 · 4 answers · asked by robinrodgers2004 1

2007-02-26 08:36:01 · 4 answers · asked by robinrodgers2004 1

I am filling out a Form 8379 Injured Spouse Allocation and have a question on line 8 (adjustments to income).

Basically my wife had very little income last year so I paid her student loans and interest (the student loan interest nearly equaled her income).

The student loan interest is showing up as an adjustment on my 1040.

The tax prep software carries that over onto the 8379 and asks me to allocate it between the injured spouse (me) and the 'other' spouse (my wife).

Which column should get this adjustment - the person who OWES the student loan interest or the person who PAID the student loan interest?

Thanks,
Marc

2007-02-26 08:26:04 · 3 answers · asked by marcrobson_cli 1

i still have not gotten mine

2007-02-26 08:24:41 · 2 answers · asked by kittyheathercat 1

As many im in the same boat no answers no refund. Has anyone gotten the answer of " you should be recieving a letter " or is it just me?

2007-02-26 08:14:43 · 7 answers · asked by sonia o 1

Capital tax gains question?
bought house 374k 11 years ago
own 950k presently, made lot of improvements.

sell it for 1,200,000.00

what is my tax liability issues or gains i can claim????

Additional Details

we have taken out couple second mortgages and equity line credit,how does that effect this??

2007-02-26 08:12:50 · 5 answers · asked by systeck10980 1

My wife and I had a baby last year and I am wondering what I can write off. Can I write off all the hospital bills? How about baby food, diapers, crib, stuff for the baby? Anything else? Thanks!

2007-02-26 08:10:41 · 7 answers · asked by Rick 2

2007-02-26 08:02:27 · 2 answers · asked by Anonymous

Let's say I had no activity on my account last year. Do I still need to claim the charges incurred from this website this past year or do I wait until I sell all of my holdings...I am confused

2007-02-26 07:59:53 · 1 answers · asked by Anonymous

2007-02-26 07:59:35 · 2 answers · asked by Wil 1

Were I to obtain a Irish Lottery ticket (Which is illegal in the US) by a gift from a friend (unsolicited) and I won. (Ha) I would not bring any of the winnings into the USA . But it would be in a savings account over seas in a straw man account. WOULD I OWE ANY TAX TO US GOV. I heard of something like this happening several years ago but not how it was resolved or if the poor smuck was throne in the poky.

2007-02-26 07:55:35 · 2 answers · asked by jonrhoward@sbcglobal.net 1

I just recently got married and started a new job. My wife works and she makes more money than I do. My question is how should I file my taxes: Single, Married, or Married, but withhold at higher single rate? Thank you

2007-02-26 07:51:58 · 2 answers · asked by mien_4 2

My wife just got her first job last December. The company accountant said that I could file jointly and get 2 standard deductions (10,300). I've been trying free filing from IRS (eligible for under 52K per year) but I can't seem to get 2 standard deductions

2007-02-26 07:50:19 · 6 answers · asked by majin 2

2007-02-26 07:32:05 · 2 answers · asked by Crystal P 1