United States - March 2007

I know that business expenses such as advertising can be written off of taxes. What I need to know is what percentage of the expense can be written off? If it is more complex than a approximate percentage, an explanation would be great.

Thanks in advance.

2007-03-24 07:44:20 · 2 answers · asked by CJT 3

Does anyone know how i can find out when i get my money

2007-03-24 07:32:38 · 6 answers · asked by HITCH 2

Please provide the process?

2007-03-24 07:30:18 · 4 answers · asked by dep 1

For my sister to qualify as a "qualifiying relative", I meet 3 tests for sure:

1. She is not a qualifiying child
2. She makes less than $3,300 a year
3. I paid for all her expenses

However, there is a gray area in the relationship test.
1. She does not live with me, since she lives on campus at the university, and during the summer break she goes to Mexico to my parent's house for vacation.
2. My parents do not have any U.S. income , they are not U.S. citizens, and they are not "tax payers".
3. Her permanent address is still my parent's address in Mexico.

I understand that the rule says that a person is considered to live with me as a member of my household, if she is away for education or vacation purposes.

Does she still meet this test since she never lives with me during the year, except for a couple of days during small breaks, such as thanksgiving and spring break, etc?

2007-03-24 06:40:55 · 4 answers · asked by Evenkeal 1

2007-03-24 06:40:22 · 3 answers · asked by Christine B 1

I want to make contributions to my IRA for 2006. I just opened up the IRA account with Fidelity a week ago. But I have already filed my 2006 tax returned and already got my refund.

2007-03-24 06:38:11 · 7 answers · asked by Anonymous

2007-03-24 06:30:25 · 3 answers · asked by Ed 2

My fiance and I bought a house together in August. We were planning to each declare half of the mortgage interest and property tax but calculated that we would get a bigger tax refund if I declare all of it this year.

This is because while I already owned a home before buying this one, she didn't, and so in her case, four months worth of deductions for the interest and tax are barely more than the standard deduction.

My question is - would it be illegal for me to declare all the interest this year?

2007-03-24 05:56:01 · 5 answers · asked by Woody Y 1

Where do I go to file them without getting that EIC again?

2007-03-24 05:52:36 · 4 answers · asked by resajohn79 3

My family and I want to move to Nevada. We are trying to live in a huge suit. We can only move there if there is no tax. I think California is the only state with tax. I don't know! Please, no silly answers my family is serious.

2007-03-24 05:35:02 · 2 answers · asked by Music Girl 1

2007-03-24 05:34:54 · 3 answers · asked by yacat59 1

We e-filed, and I have double checked address etc, all is correct! We did not direct deposit because we are changing banks, well did last week and didn't want a problem.

2007-03-24 05:21:15 · 3 answers · asked by simpleheart 3

i had two jobs last year totally making between 3-4,000 dollars am 21 and a dependent for my parents...

2007-03-24 05:15:29 · 5 answers · asked by bradwissmueller 2

2007-03-24 05:06:46 · 3 answers · asked by rrachel21 1

Should I have a higher percentage deducted? If so how much?

2007-03-24 05:05:14 · 5 answers · asked by sugrcooky35 1

If so, where do I enter the amt. on form 1040?

2007-03-24 04:56:21 · 3 answers · asked by KhrisB 3

what is the Federal and Massachusetts State Tax Rate for Bank Interest and divdend

2007-03-24 04:51:35 · 1 answers · asked by sel_bos 3

Can you claim a loss on a business that has no actual income during the current tax year, if it had income in the previous year. Technically speaking this is not a new business.

2007-03-24 04:44:06 · 2 answers · asked by Anonymous

I just found out about this deduction and have been overpaying for years. I take the generic deduction, the one without using receipts.

2007-03-24 04:40:20 · 3 answers · asked by J S 1

I worked as a volunteer outside the country for the year and did not have a salary of any kind. Is there some form I should send in that tells the IRS I'm not skipping out on my taxes, I just have nothing to report?

2007-03-24 04:19:25 · 7 answers · asked by Anonymous

The IRS owes me money, and I know I have a ywo year window to file after the deadline... I just dont know how to file my 2004 taxes. Is there a special form...?

2007-03-24 03:42:40 · 6 answers · asked by Jacker 1

I started the plan back in 1995 when I started my dental practice and I am registered as an LLC

2007-03-24 03:00:46 · 2 answers · asked by Wunschie 1

bank account without your knowledge when they recieve your form return and before being suspect for an audit?

2007-03-24 02:58:03 · 7 answers · asked by Anonymous

Will check cashing places cash it? Also, is there a place that will cash your tax refund check without charging a fee?

2007-03-24 02:49:46 · 9 answers · asked by Anonymous

IRS will never recieve any form neither w2 nor 1099 that prove you recieve some payment this year

2007-03-24 02:11:46 · 11 answers · asked by Ares 3

From my understanding, when it comes to Federal Income Taxes, one must even claim something as little as cash given for a gift. i.e. Christmases, Birthdays, etc.
While it's true that some people rob the system by making millions and paying a fraction of what they really owe, what about "Joe 6 pack"?
He makes 30k a year at his day job. He also has a part time job that pays him "under the table". Then he takes that money to cover his daughters college tuition.
While technically both are one in the same to the Feds, what do you think?

2007-03-24 02:02:43 · 7 answers · asked by Kari 4

2007-03-24 02:02:21 · 7 answers · asked by phtmnbagz 1

I'm doing my taxes on-line. A prompt comes up asking about personal property taxes about vehicles. I'm hoping I can deduct the taxes on the vehicle I bought in 2006, but it says "vehicle excise tax" and registration fees. I'm confused. Please help. Thanks.

2007-03-24 01:49:59 · 3 answers · asked by lisalisa 1

I keep getting e-mails that are scams like not sending an E-Bay item when I do not even belong to E-Bay!

Then I have been getting E-mails saying my check bounced or that My Utility Bill payment is overdue and must be paid on line and all of these e-mails are nothing but scams & BS!

Thanks!

2007-03-24 00:51:22 · 4 answers · asked by Anonymous

I relocated to Singapore few months back. So I provided my Singapore Bank's (which is UOB, United Overseas Bank) Account no and the routing no which is of Bank of New York for my Tax refund. Bank of New York is UOB Singapore's Correspondent bank. Well 'Where's my refund' page says it has been deposited on 16th Mar. But I dont see any money in my bank account. I think it has gone to some one else's account as Bank of New York cannot identify UOB Bank because I didn't provide SWIFT code. The tax form has no placeholder for SWIFT code too. Perhaps it has gone to a person who has an account with Bank Of New York and same account number as mine. I made a blunder I think. I could have lost money to some one else. Or does any know what I could do. Please help me.
Thanks
Kat

2007-03-24 00:10:41 · 4 answers · asked by vennmann 2