United States - March 2007

Do you have to pay federal income tax on the cash portion you receive from refinancing your mortgage? Does that fall under the capital gains category? Usually, what is the percentage, if any?

2007-03-22 03:26:49 · 5 answers · asked by Cheryl D 1

2007-03-22 03:14:45 · 4 answers · asked by Anonymous

My grandmother has social security income of $7,800 a year. It's her only income so it's tax exempt for her and she normally does not file a tax return. My Dad provides more than 50% of her support. But does she meet the income test for being claimed as a dependent since her income is all exempt?

2007-03-22 03:14:12 · 10 answers · asked by ramencurls 1

information on turbo tax to file your federal and state income taxes?

2007-03-22 03:07:58 · 5 answers · asked by cass2003000 1

If not, is there is a way to get all the taxes paid back? I am on student visa(F1) and working on OPT.

2007-03-22 02:52:27 · 2 answers · asked by swapan_y_shah 1

2007-03-22 02:52:09 · 3 answers · asked by Berta58 1

I wanted to know if there is anyone out there that has received the IRS 1221 reference number on the return status page and have received their refund from the IRS since then??? If so how long did it take for it to be sent???

Thank you so much in advance for your help...

2007-03-22 02:49:49 · 2 answers · asked by paniked856 2

2007-03-22 02:44:43 · 4 answers · asked by gigee 1

2007-03-22 02:43:54 · 8 answers · asked by Jennifer 1

2007-03-22 02:36:24 · 5 answers · asked by 39randr 1

2007-03-22 02:17:05 · 3 answers · asked by Fred V 1

She is a full time college student and earned 9400.00. We pay her schooling and claim her as a dependent.

2007-03-22 01:55:34 · 3 answers · asked by Mary 2

2007-03-22 01:45:38 · 4 answers · asked by inquiringmind 1

I didn't file last year, and I already know I can file now FOR last year--I would get a refund.

These are my questions:
1. Can I file online for 2005?
2. If not, do I just request forms for 2005, fill them out and mail them in?
3. Can I file for state as well as federal for last year?

Thanks in advance for your answers. I know there are a lot of people out there with more knowledge of this stuff than I.

2007-03-22 01:29:09 · 3 answers · asked by book_1958 2

2007-03-22 01:18:40 · 2 answers · asked by Anonymous

I know that taxes have to be paid on the extra income, but I was wondering if it could just be added as extra income at the end of the year?

2007-03-22 01:13:48 · 5 answers · asked by Jeff W 2

i need to no the rule for selling eggs

2007-03-22 01:12:35 · 3 answers · asked by smilers 1

2007-03-22 00:57:15 · 2 answers · asked by Nostalgic 2

When is the breakoff for having to pay income taxes or not, in terms of wages?

2007-03-22 00:53:02 · 4 answers · asked by Pata loves cats 1

What are the chances of getting caught for this mistake?

2007-03-22 00:50:40 · 4 answers · asked by Nostalgic 2

OK here's the deal. I own my own business, but at the same time I'm considered low-income hence recieving foodstamps. So can I claim the WOTC benefit since I am also my own employee?

2007-03-22 00:06:21 · 1 answers · asked by Michael D 1

2007-03-21 23:52:32 · 2 answers · asked by nitsrek 3

Please tell me everything I can use to maximize my returns.
Also tell me for which deductibles I have to provide documentation and for those no documentation is needed. This is the first time I'm doing tax myself and I'm using TURBO TAX. I will really APPRECIATE any SUGGESTIONS.

2007-03-21 23:08:05 · 3 answers · asked by jay s 1

I am one of 4 heirs to my aunt's estate. My cousin is executor and handling all the paperwork. The estate value is about $275,000. Does the estate pay income tax AND estate tax, or is estate tax part of the income tax return that is to be filed? My cousin is pretty close mouthed about all of this...he is a CPA, and knows what he's doing, but I am just trying to figure out how much I might end up with. I know there is something called "unified deduction" that is deducted from the calculated estate tax. Anybody in the know, please reply. This is in Michigan. The attorney on the case charges big bux just to answer a question, so I can't call him.

2007-03-21 22:19:55 · 4 answers · asked by grumpyoldlady 3

How much tax will be taken out of a 1700 payroll check?And amount total?

2007-03-21 21:46:50 · 4 answers · asked by phattygirl 3

I put someone elses kids on my tax return, and got permission from the parents, if I would kick them down some money. I filed as head of household and got alot more back than I would of got myself. What is going to happen when I file next year?

2007-03-21 20:54:36 · 16 answers · asked by Anonymous

2007-03-21 20:33:59 · 3 answers · asked by Kathie B 2

government employees such as teachers and stuff are all tax payers, and they are the ones getting paid by the very taxes they are paying to the government. if their taxes exceed their salary, doesn't that mean that they are slowly losing money? OR if their salary exceeds their taxes, that would mean their making slightly more money. OR does the tax payer pay the amount of their salary?

is it one of those things where you pay the government, then they pay you back in addition to the money you're supposed to get?

2007-03-21 20:00:13 · 4 answers · asked by Anonymous

i just filed my tax, how much tax refund are you looking at?
what are you going to spend it on

2007-03-21 19:32:29 · 5 answers · asked by mikedrazenhero 5

I have a question about my taxes. Why is it that I only made 8800 last year, yet I had to pay 300 dollars in taxes come april 15th. I am a 22 year old student, took the standard deduction, and paid $94 in taxes during the year. Is it because my parents still claim me as a dependent? Or did I just miss some deductions and credits?

2007-03-21 18:33:33 · 6 answers · asked by redraider0206 1