United States - March 2007

our daughter was born in december 2006 so can we both claim her as a dependent or only i can do so ?
we are filing our taxes as married filing jointly.

2007-03-20 10:30:14 · 7 answers · asked by Salman Hashmi 3

Ok my refund was sent in the mail on March 9th, 2007. It's now March 20th 2007. When should I get my refund? Is it still possibly on it's way?

2007-03-20 10:27:02 · 2 answers · asked by ls m 1

The irs sent us an extra refund check. I don't know what to do. The phones are so busy right now to try to talk to someone.

2007-03-20 10:22:42 · 3 answers · asked by rache 1

2007-03-20 10:13:48 · 9 answers · asked by the man 1

Can you deduct any moving expenses and donations off your income taxes ???

2007-03-20 10:06:32 · 6 answers · asked by Anonymous

I work 2 different jobs, I am single with no dependents. One of my employer's told me to file (Single; 0) on my tax filing paper work (Full-time Job). While the other employer stated thated that I file (Single; 1) on my tax documents (Part-Time Job). What is the reasoning behind these numbers who was right and should I change my status?
Only serious responses Please!
Thank you.

2007-03-20 10:04:23 · 2 answers · asked by Happy w/ Life 2

i did it throught h&r block, do i call them?

2007-03-20 10:00:19 · 4 answers · asked by Vee Mariee 2

2007-03-20 09:38:58 · 1 answers · asked by k d 1

Hubby and i were married in 2004 i was was unemployed in 20004 worked briefly in 2005, and didnt go back to work full time til 2006, hubby hasnt filed for 5 years due to procrastination, and not having the proper paperwork for his kids. I have filed every year up til 2004. My question is how do we file? we wernt married til the end of august 2004, do we file differently for the different years?

2007-03-20 09:35:26 · 6 answers · asked by scrubbybubbles 1

Until last year (through 2005), I was paid as Independent Consultant (Form 1099) at the company I work for. However, starting in 2006, I am now considered 7% partner of the firm and now receive income in the form of K-1 (I guess the correct term is partnership distribution). My question is what are the tax implications? I understand I will no longer be able to deduct many of the deduction that I was entitled to under 1099, but at the same time, I heard that I would no longer be required to pay Self-Employment Tax (Social Security and Medicare taxes)...is this true? Any other benefits or drawbacks? Thanks!

2007-03-20 09:21:00 · 4 answers · asked by Anonymous

I bought a new motorcycle in August of 06, do i need to put all that necessary information in this years taxes?

I am currently making monthly payments and all that..

I've never purchased a new vehicle prior to the motorcycle, so I'm not quite sure if it would apply.

Any insight would be great. Thanks!!

2007-03-20 09:07:54 · 5 answers · asked by Moto 2

if my only income is rent money, do i file taxes? I pay property tax ,and i spent alot of money fixing the house up. new roof, new furnace and other mandatory repairs. I live in new york

2007-03-20 08:48:00 · 5 answers · asked by mzswales 2

2007-03-20 08:46:29 · 6 answers · asked by liz b 1

I have a friend who's husband (they are separated) filled their taxes jointly with a CPA who is a friend of his. He is only giving her $150 saying thats half of the refund they are getting but she feels like it should be more and because he handled the taxes she has no way of knowing. He will not tell her who prepared their taxes. I looked at www.irs.com and it says it takes 60 days to recievce a copy of their return. Is there any way around that and she can get a copy sooner?

2007-03-20 08:41:33 · 3 answers · asked by LEL61719 3

2007-03-20 08:40:29 · 3 answers · asked by jim d 1

It asks for my prior years AGI and I dont think I entered the correct number, is the wages, tips, and other comps the AGI or is it the biggers income number on the w2?

2007-03-20 08:33:01 · 4 answers · asked by Anonymous

2007-03-20 08:30:10 · 11 answers · asked by Anonymous

2007-03-20 08:22:02 · 3 answers · asked by dwnise l 1

It is a small part time job that she only works 4 hours a week at, honestly I forgot all about it and she never gave me the W-2. What steps should I take in resolving this problem?

2007-03-20 08:14:39 · 8 answers · asked by wes c 1

I have lived with the same person for over 10 years..... we are not married... but in the past few years I have been starting my own business and this year it has been really difficult..... not much profit. would it be in my best interest to claim myself or can/should I let the person that I live with claim me.

2007-03-20 08:01:56 · 3 answers · asked by Deb 3

can you claim your child on taxes? Can you take deductions for say school costs or anything?

My sister is on full SSI and so is my nephew due to disabilities. I told her i thought she could claim him because he lives with her therefore she can claim school expenses as a deduction. She doesnt think so- who knows for sure?

2007-03-20 07:49:59 · 4 answers · asked by glorymomof3 6

2007-03-20 07:39:32 · 8 answers · asked by Lauren D 1

In Oct 06 I accepted a job in NJ. However I continued to live in PA for all of 2006 (01/06 - 12/06). Only PA state taxes were withheld from my paycheck. We moved to NJ in 02/07 and I will have to enter my new address on the 1040 and the PA state tax return? Is this OK? Do I also need to file a NJ partial year non-resident tax return?
Thank you for your response.

2007-03-20 07:26:45 · 4 answers · asked by vikramshah77 2

I have the opportunity to buy into the company I work for. The purchase price will be paid in seven annual payments out of my portion of the proceeds from the business, covered by a promissory note. The annual payment will be almost $150,000.00. Is there any way to avoid, defer, or offset the onerous income tax implications of such an arrangement?

2007-03-20 07:00:19 · 2 answers · asked by mainlandd 1

The tax return guidelines state that certain itemized deductions cannot exceed a specified percentage of the Adjusted Gross Income (i.e., 7.5% of medical expenses). Is the deductible amount "zero" if the AGI is negative?

2007-03-20 06:45:48 · 4 answers · asked by Anonymous

I'm using Turbo Tax and I don't see that as an option. Do I need to file on a 1040ez instead?

Thanks!

2007-03-20 06:35:42 · 9 answers · asked by Cold Texan 2

To still collect the majority of my paycheck, but ensure I don't have to pay when taxes roll around?
I am single, no dependents, salary $40,000

2007-03-20 06:18:30 · 6 answers · asked by Amanda B 3

I received misc. non-taxable compensation on my 2006 return for an education reimbursement. I took the actual payment of the tuition (MBA Program, $12,000) as a deduction in 2005. Do I need to amend my 2005 return or can/should I simply declare the reimbursement as taxable on my 2006 return? If so, how/where do I do this on the 1040?

Thanks.

2007-03-20 06:16:36 · 1 answers · asked by jjoonthego 2

However, my boss states that she doesn't send out 1099 forms until the end of the year (sometime in December of this year). I hope to be gone by then, and working in a teaching job.

My reason for wanting to fill out this form is because she considers me as an indpendent contractor, when I am here 40 hours a week as a secretary in her real estate office.
I believe that is unjust and unfair.

Even though I don't plan to stay at this job beyond the summer, I plan to pay my self employment taxes at the end of the year, when I get my 1099 form from her. So, I won't be paying quarterly. I won't have to pay federal because my husband is not working and my salary is low enough (if I stay here) to cover us with the standard deduction and personal deductions.

So, all I have to pay is my self employment tax, it it is determined I am actually self employed.

My question is if I file this SS8 form, and it's determined I am self employed, will I have to stay paying taxes quarterly?

2007-03-20 06:12:11 · 2 answers · asked by Anonymous

I filed via regular mail on Feb. 7 and have not got my refund yet. Did anyone who lives in ny get theirs yet, and if so, how long did it take?

2007-03-20 06:04:36 · 5 answers · asked by Jill S 5