United States - March 2007

can you write off things for taxes like gas (mileage) for going to job interviews, write off an interview outfit, and things like that as long as you keep track? is there anything else you can take off like that when in a job search?

2007-03-21 10:39:17 · 8 answers · asked by happy 3

I'm planning to deduct the actual costs for a car that I am leasing that I use 100% for business. Can I deduct car washes?

2007-03-21 10:39:09 · 2 answers · asked by James007 1

ok i work for a huge tax firm i want to know, what is the strangest thing anyone has ever tryed to write off?? i wanna know stories, come on all you tax heads enjoy

2007-03-21 10:35:26 · 3 answers · asked by Jamie 1

I am aware that April 15th is the 'negligent' deadline for those who must legally file a return. However in the event someone does not NEED to file(low income), do they still HAVE to file by the 15th to receive their entitled tax refund(s)?

Been having a tough time finding pertinent information on an official document about this.

2007-03-21 10:32:36 · 3 answers · asked by dork_hollywood 3

I am a small business owner and was wondering how I can pay myself with the least amount going to taxes. I currently take a regular paycheck that is taxed like a normal person. Should I do an owners draw, or are there ways I can be non-taxed for my salary?

2007-03-21 10:23:03 · 2 answers · asked by Syrus 2

My dad is about to retire and recently sold the office where he used to work.

He would like to give half of the sale proceeds after he pays his capital gains tax (office has been completely depreciated in NY) to me and my sister. I live in Virginia and she lives in NJ.

Can he use part of his lifetime estate tax exemption to transfer the assets without incurring inheritance, estate, or gift taxes?

And what exactly is the difference between inheritance and estate taxes?

2007-03-21 10:15:46 · 2 answers · asked by Michael 2

how do i let you know that my address changed after i mailed off my tax return. but i did not know that i was moving until three weeks after it was mailed..

2007-03-21 10:11:57 · 3 answers · asked by Anonymous

i check my return satus today on the irs web site and they say i would not get my refund untill april 23 when lasttime i checked it said march 21, does any one know why the feds r not giveing me my money like they said they would. i am a broke DeVry student so i need the money

2007-03-21 09:54:20 · 5 answers · asked by chris rd 2

I thought the pension amount should go into the 1099-R, but they gave me a 1099-MISC, are they right? Now, I've to pay taxes on the pension I deposited.

2007-03-21 09:52:55 · 4 answers · asked by S M 1

to get things , such as storage buildings, things they told us we could keep.we pay rent to someone else for the property, the mortgage is only for the house, dont we have some sort of rights then , like abandonment of property?we live in ga.

2007-03-21 09:50:06 · 3 answers · asked by Anonymous

My boyfriend and I own the condo together and split all payments 50-50, including property taxes. We are aboutt o do taxes and i wonder if one of us can claim the entire interest deduction or do we need to split it 50-50 just like we do with payments? If my boyftriend claimed everything, we'd get more $$ back.

2007-03-21 09:50:05 · 6 answers · asked by Anonymous

I worked two days for a state university. They said that sinmce my gross was less than $600 they were not required to send me a 1099. Does this mean I do not have to pay taxes on this income?

2007-03-21 09:46:57 · 4 answers · asked by tomi27410 4

I attended coaching classes for CPA and also gave the CPA exams last year. Can I fill up those costs against 'Education Credit' in form1040?

2007-03-21 09:39:23 · 1 answers · asked by prashgoy 1

If we just had to pay a percentage, it would be more efficient, and we could cut the entire IRS budget out of the Federal budget and do something better with that money - like paying for more wars or something.

2007-03-21 09:16:45 · 6 answers · asked by treasurefish.com 1

When an employer pays an employee (or a company paying a dividend to a shareholder), which is the one subjected to backup witholding?

2007-03-21 09:02:40 · 3 answers · asked by Anonymous

We have done our taxes and owe money for Federal. We are expecting money back from the State, can I file the state that way we can use the reinbursement to pay for part of the federal tax we owe??

2007-03-21 08:58:13 · 0 answers · asked by Photo 2

How do I find out what my school district code is for my NY State Taxes? Why would I need this information in order to file my taxes if I have no children. It's a 3 digit number I can't find anywhere online. Help?

2007-03-21 08:58:02 · 3 answers · asked by snaggle_smurf 5

Im a full time college student, 18 years of age, earning minimum wage at a part time job earning less than 8k a year. I turned 18 in July of 06, and since that date, have not had an income tax deducted from my paycheck. My paycheck removes social security and medicare taxes, but no federal income tax ( i live in alabama). Do i have a tax debt, and if so how do i find out how much. I do not fully understand all of this complicated tax stuff, and i do not have many forms about my income. just simple paycheck stubbs. HELP!!

2007-03-21 08:56:07 · 4 answers · asked by KrittR23 2

I am so confused about deductions. my husband made several purchases for job-related items in 2006, amounting to about $4000.00. Our income (filing jointly) was less than $50,000, but when I tried to use the deductions, it said something about it being less than the "standard deduction" of $10,000 something. What does that mean? Can we not write off those expenses, or does the "standard deduction" take care of it?
Also, H&R Block said we were not eligible for the child tax credit (we have two kids). I thought you had to make $100,000 in order to no longer be eligible. I did our taxes myself to save $250 bucks, but we're not getting near the refund I thought we would. Help??

2007-03-21 08:48:36 · 6 answers · asked by paperclip 2

My previous employer will not send my my W2. They keep telling me that it was mailed but I have not received anything. I have called 3 times, sent to emails and filed a request. I don't know what else to do. It doesn't make it any easier that the W2 isn't being sent from my area.

2007-03-21 08:41:49 · 5 answers · asked by ♥--->{Shauntee}<---♥ 4

I heard so many stories but have not figured it out. Any tips on where or what form I need to fill out for this? Is it under deductions?

2007-03-21 08:38:44 · 1 answers · asked by SimplyUniQ 2

2007-03-21 08:35:35 · 5 answers · asked by UFgirl 2

Adding this as income will cause me to have to pay the IRS $11k; money I don't have. Is there a way to make payments to the IRS? if so, who do I contact?? Also, can any of the 401k w/ds be put on 2007 tax returns? need help

2007-03-21 08:31:56 · 5 answers · asked by css1929 1

Say I made 100k per year and get paid bi-weekly, how would I calculate how much I would make on each paycheck???

I would have the standard deductions of 2 for both State and Federal tax exemptions. My state would be Virginia.

How do I figure out what my paychecks would look like before any insurance and 401k deductions?

Thanks

2007-03-21 08:23:29 · 4 answers · asked by Anonymous

I own a house, my husband is military and we have a lot of write offs for his work, my school, and the house. Who would be best to use? Or has the highest return/customer rating?

2007-03-21 08:16:07 · 6 answers · asked by uncertainthought 1

Thanks for the feedback, I'm not sure if it is a 1099G or w2G, they had me sign something at the cardroom and they did not actually give me and paperwork. They were supposed to send me something but I requested that they not, because I did not want anyone to know that I had won anything. My income for year combined with my wife was about $140,000, so i was not sure if the IRS would really miss the $720 or the tax on it that much. I would prefer to keep this between just me and the IRS without having to tell the wife.

2007-03-21 07:57:30 · 4 answers · asked by teriyaki 1

If I won $720 at a card room, which is a taxable amount over $600, and I do not file that W2G what happens? Also if I file an amendment to the my return with say HR Block, will I need both my signature and my wifes or just mine for an amendment? Please answer the questions seperately if you are able to, Im wondering what the IRS would normally do...

2007-03-21 07:44:49 · 3 answers · asked by teriyaki 1

Let's say an Individual LLC lost 5K USD from trading stocks, but made 7K USD somewhere else and had an operating expenses of 2K USD at the end of the year. Can the LLC deduct all 5K USD captial loss from 7K revenue, so that it would end up making 0 USD (7K-5K-2K=0K USD)?

2007-03-21 07:30:01 · 2 answers · asked by Marvin E 1

California Resident-I am paying off 04 federal the interest is killing me any way out getting out of interest?

This is my ex husbands debt, we were seperated and even this is technically not my debt IRS does not care we were still legally married. Of course he is no where to be found and not working at least legally.

I get no child support and all I can afford is 100.00 monthly payments the interest is all I seem to be paying. What can I do to get the interest down or make it go away? I am honest and would like to pay the debt off but I can't afford to make higher payments. This has put a huge strain on me?

What to do?

2007-03-21 07:18:37 · 3 answers · asked by Justasking 1

I have purchased property outside of USA in 2006. Can i use it in itemized deduction. What form i have to submit? If i can't use it for itemized deduction then what are my other options?

2007-03-21 07:18:00 · 3 answers · asked by lax4u 1