United States - March 2007

this is for texas

2007-03-24 13:10:26 · 4 answers · asked by ? 1

I'm trying to file my taxes as a college student, and i'm not sure if i can put down the amount of money i received from a Stafford Loan as a deduction. My mother has claimed me as an exemption, but didn't claim any education credit or student loan. As a student, can i claim education credits or add the amount of the loan for a deduction?

2007-03-24 12:35:16 · 6 answers · asked by Anonymous

I have a complicated explanation of my interest allocation on the home mortgage interest worksheet (I have four of them). Will the IRS be able to read my explanation?

One 1098 is split between schedule A (home) and schedule E (investment property). Another is my 2nd home which is partly rental and partly home. I have tried to explain this on the worksheet.

2007-03-24 12:25:29 · 2 answers · asked by seattle-arizona 1

I e-filed my tax return and my roommate thinks that I screwed up. My roommate had his parents e-file his, and he ended up owing money. I had 2 jobs, and made over 18,000 last year; and had over 2,800 with held in total from all taxes (federal, social security, and medicare) from both of my jobs. I'm getting about 500 back in total from state and fed tax. Does that seem like an accurate refund? (ps- i file single, and have no dependents)

2007-03-24 12:23:56 · 6 answers · asked by Sugarbaby 2

I'm using TurboTax to file my taxes. After, I entered my Income, I had to pay 2000 tax to IRS. I thought my tax will be reduced after I enter loss from my rental property (Rental Income - Mortgage Interest + Depreciation + Repairs, etc). But, to my surprise it increased my tax due to 2600 although I had 5300 in rental property loss. Why?

Does the tax deduction depend on AGI? I'm married filing jointly with AGI of approx $130K.

2007-03-24 12:01:07 · 8 answers · asked by Banka 1

I lived in Michigan all of 2006 (I also got married in 2006) and my wife lived in Michigan only in December (rest of the year she lived outside of this country). In Michigan personal exemption allowance of $3300 is based on Taxable Income instead of time of residency. In the Michigan Tax Schedule NR form Worksheet 7 form (nonresident and part-year resident schedule form) it ask to divide Michigan taxable income of spouse divided by total taxable income of spouse. My spouse has no income so it is 0 divided by 0. Then it asks to multiply that and 3300. So is 0/0 = 0 or 1? So can we take 0 or $3300 allowance. Thanks in advance for your help.

2007-03-24 11:32:16 · 5 answers · asked by Anonymous

I put vinyl siding on my home last year and I want to know if i can deduct the total cost on my tax return.

2007-03-24 11:15:50 · 5 answers · asked by PacMan 2

i am just curious how much you got back this year. Please answer my question in this format:

salary this yr / tax return / state

(so it will look like this)

$30,000 / $1100 / CA

thnx.

2007-03-24 10:44:07 · 7 answers · asked by JJ C 2

I am 16 years old and I just got a job.My employer has given me a w-4 form and I have no idea how to fill it out.Can you go tohugh the steps with me?Can I claim exempt?If not,what should I do?Please help!

2007-03-24 10:19:46 · 3 answers · asked by brunetteshs316 1

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2007-03-24 10:18:51 · 7 answers · asked by Anonymous

Basically I started this online web business in late 2006 and have no profits to show whatsoever. I conducted no business in Delaware. I understand that I will be taxed on my personal taxes (pass-through) since I am the sole owner and will pay taxes in my own state and federal as well, but do I need to even submit a tax form for a Delaware corporation to Delaware if there is no profit? Or do I do nothing?

2007-03-24 10:18:27 · 2 answers · asked by Anonymous

2007-03-24 09:58:02 · 3 answers · asked by kdd 1

2007-03-24 09:56:07 · 10 answers · asked by roolson73 2

I heard I can only go back 3 years. The taxes taken out are very small and I know I won't owe the irs, so is it worth it to even file the older W2's?

2007-03-24 09:52:24 · 5 answers · asked by Tammy S 1

2007-03-24 09:50:07 · 7 answers · asked by dizzle014 1

I did a small one-time consulting gig last year and received a 1099-MISC Box 7 Non-Empl Comp for $2K. When I did my taxes via TaxCut, it treated this as Misc Income (line 21 Form 1040) as this was a one-time event. TurboTax does not ask this question and created a Sch C with SS and Self_Employ taxes applied.

In perusing the IRS website, it seems to refer to the non-recurring nature being treated as Other Income, but it's not very clear.

I may contact the IRS on this one, but thought I'd throw it out to the Yahoo Answers community for some feedback.

thanks!

2007-03-24 09:44:56 · 3 answers · asked by Uncl_Ed 1

If you have property in Texas and you quitclaimed it to someone else a year ago and they never filed the paperwork and you are still paying the property taxes, what would be the conseqences to selling it without the other person knowing

2007-03-24 09:27:22 · 4 answers · asked by mother of 3 2

how do we report net gain to irs on form 1040?
House inherit dec 2005 value at 62000 and sold
march 2006 for 75,000 to be split three ways.
received 1099S showing my share at 22,000.

2007-03-24 09:08:39 · 2 answers · asked by ismael-guzman@sbcglobal.net 1

2007-03-24 09:04:35 · 5 answers · asked by Destiny 2

2007-03-24 09:03:15 · 10 answers · asked by JOE D 1

2007-03-24 09:02:36 · 4 answers · asked by Luau 1

2007-03-24 08:59:13 · 2 answers · asked by mother of 3 2

i dont know if im considered an employee or not i used all of my boss's supplies and equipment.

2007-03-24 08:51:22 · 6 answers · asked by bill s 1

Give money to enter a sports event? Buy pictures that PTA profits 10%? donate supplies for a fundraiser? Buy fundraiser items that they profit 10%?

2007-03-24 08:33:05 · 3 answers · asked by lax34mom 1

If someone filed joint with their partner which owed money, but they were supposed to get money back but didn't because they received a letter saying they needed copies of information, in which the partner could not provide because it had been damaged, and the money owed back after what the partner owed was never returned, what should one do? Would there be problems or penalties for money not returned to the taxpayer? And if the taxpayer files single the next year?

2007-03-24 08:22:28 · 4 answers · asked by crissy00 2

I relocated to another state and my company paid for it. However in my paystub my company put the amount of money for relocation as income hence I paid tax and in my W2 it's listed as Value Received. can I put this under deduction when filing for tax return?

2007-03-24 08:18:19 · 4 answers · asked by Young 3

do i just take out for federal taxes are do i have to take out for social security and medicare also

2007-03-24 08:13:00 · 3 answers · asked by sherrie g 2

2007-03-24 07:50:49 · 10 answers · asked by HITCH 2

2007-03-24 07:49:35 · 3 answers · asked by bayou22222 2

2007-03-24 07:46:14 · 3 answers · asked by Anonymous