United States - March 2007

I know there is a 1099 you give your sub-contractors in Jan, but what is the form they fill out when they first start work with you. Does anyone have a link to the exact form?

2007-03-19 10:10:47 · 5 answers · asked by givetolive2007 1

Can anyone tell me how I can report my sons granpa for using his grandchildrens social for income tax returns I just found out he was also using mine.The problem is that I have no information on him or the other children he is using I do know that they are receiving welfare.Please HELP

2007-03-19 09:59:23 · 6 answers · asked by nacha 1

I worked for an employer in 2005 who did not pay me for almost a year. In Dec 2005 i changed jobs and moved to another state. My old employer paid me all the salary he owed me in 2006. I have two W2 of 2006, one from old employer and one from new employer . I was wondering if it would be possible to ammend my 2005 returns, since that salary should have been paid in 2005. What would my old employer need to do to give a W2 of 2005? I would get into a lower tax bracket if that was possible. Your advice will be appreciated. Thanks...

2007-03-19 09:58:33 · 4 answers · asked by Anonymous

I pay a non-registered provider to take care of my son, and pay cash $500/month and have no receipt. Can I claim it for child care deduction, if I only have her name and address but I do not have her SSN; is it still legal to claim this deduction?

2007-03-19 09:52:28 · 3 answers · asked by ChildCare 2

I am a freshman in college and I have had 3 part time jobs. I know that I made under $10000 in the year and I was wondering how to file for taxes! I also moved to a new address so the forms I got from the businesses have my old address on it! How can I file for taxes and would I get any money back? The big question is, when is the best time to file!!

2007-03-19 09:52:20 · 2 answers · asked by chulhui123 1

We have used our small town CPA for our business (trucking) taxes the last couple of years and recently she said she uses a program for each year. She didnt specify which one. I already have books and 1099s ready to go but for the cost would I be better off using something like Turbo Tax for small business? Im perfectly capable of entering numbers and I have all the information, is there an added benefit of having her do them?

2007-03-19 09:25:15 · 6 answers · asked by Anonymous

I haven't filed for 04, 05 and 06.

2007-03-19 09:19:54 · 2 answers · asked by Anonymous

In other words is it better to take a dividend if it's taxed lower than the tax on capital gains you would have if you sold the stock?

2007-03-19 09:18:41 · 2 answers · asked by letharia 1

I recently moved to Oklahoma from Michigan and found out that there is tax on food! why?

2007-03-19 09:14:03 · 6 answers · asked by amey t 2

I am on asssignment in Hawaii, my permanent tax home is MO. Thanks to all who help.

2007-03-19 09:07:32 · 2 answers · asked by Kelly M 2

I am self employed,and am filing schedule C with Turbo Tax for the first time this year.Are the premiums that I pay into my Roth IRA deductable?Please don't answer if you really don't know.Thanks.

2007-03-19 08:57:48 · 5 answers · asked by Cheese 5

2007-03-19 08:57:21 · 4 answers · asked by cramburger 2

Hello, this is the sitch... I am a teacher that works for a school, which is operated by a church. My paycheck does not have Social Security withheld and am told I am responsible for 2006. So now I have to pay for all of 2006 for me and the portion my empolyer does not cover. My question is, am I considered a contractor or employee... I recieved a W2. I would like to write off my mileage, etc. Thanks!

2007-03-19 08:50:55 · 5 answers · asked by bob y 2

SINCE IRS HAS SAID THEY ARE PROCESSING MY REFUND THIS IS ALL I HAVE RECIEVE. A CIRCULAR E / EMPLOYERS TAX GUIDE

2007-03-19 08:46:55 · 1 answers · asked by torque_740 1

2007-03-19 08:38:49 · 11 answers · asked by johnathan b 1

First off I am a workaholic and from last year I have a total of 6 W2s from employers. I am wondering what is the minimum per employer that I need to claim... A couple of my W2s are very very low and I know tha having so many W2s can hurt ya in the long run. So, if anyone knows the minimum that I need to claim from an employer's W2 that would be great. Thank you.

2007-03-19 07:59:48 · 5 answers · asked by *Tina* 1

I am self employed and using Turbo Tax schedule C this year for the first time.I work away from the home,but conduct some of my business from my home office.Can I deduct household expenses?Electricity? Home heating oil? Repairs? Please don't answer if you are not sure.Thanks.

2007-03-19 07:59:15 · 3 answers · asked by Cheese 5

I am missing two W-2s. Does anyone know how I could go about obtaining them before its too late.

2007-03-19 07:51:23 · 3 answers · asked by christmasangel1984 2

We were married for a last year, and from december we are separated. My wife sent tax form by herself without me. Does she can do it. She deduct house payments etc.. what I can do ? help please

2007-03-19 07:29:28 · 6 answers · asked by andrzejwitawa 1

I am self employed and doing Turbo Tax schedule C for the first time this year.I have a cleaning business,and use my car to get me from client to client.What deductions are allowed for my car?Gas? Repairs? Milage? Please don't answer unless you are sure.Thanks alot.

2007-03-19 07:21:21 · 5 answers · asked by Cheese 5

H&R block told me that if your income is >150K you cannot claim losses

2007-03-19 07:15:09 · 3 answers · asked by dabeervikas 2

I made $177,000 last year. I don't have a mortgage and my total itemized deductions were about $9600. I use Turbo Tax. I paid in about $27k in tax and Turbo Tax says I owe about $7k more because of ATM. It won't even let me take my two kids are expemptions.

2007-03-19 07:12:49 · 6 answers · asked by Mike 3

I have noticed that on my checks the higher the check the less taxes they have taken out and the less the check the more taxes, why is that? And not only that, at all of my other jobs they have never taken out so much taxes. Whats up with that?..........this includes commission on some checks, does that make a difference?

2007-03-19 07:05:47 · 3 answers · asked by Missy 2

Are they suppose to remit sales tax to the state they operate in for the puppies that have been sold?

2007-03-19 07:04:41 · 5 answers · asked by Tina 2

I have noticed that on my checks the higher the check the less taxes they have taken out and the less the check the more taxes, why is that? And not only that, at all of my other jobs they have never taken out so much taxes. Whats up with that?

2007-03-19 06:27:20 · 4 answers · asked by Missy 2

2007-03-19 06:18:17 · 3 answers · asked by Chris M 1

I re-characterized my Roth IRA ($4000.00) to a Traditional IRA on Feb 2007 in order to qualify for my 2006 tax deductions. Based on my AGI, I do not need to file Form 8606 but I have to submit a statement concerning the re-characterization. Am I right that I should not fill in the amount re-characterized in my 2006 tax returns, and that a statement would suffice? What are the things I should include in my statement to IRS? How will I get the deduction if it is not reflected on the 2006 Tax return?

Thank you.

2007-03-19 06:11:56 · 1 answers · asked by Helen 1

I must be missing something pretty basic here, because this doesn't make sense to me....

On the PENNSYLVANIA tax form (PA-40) how does one write off capital losses?? I have made up some numbers below:

30,000 Income from working
250 Income from Interest
400 Mutual fund ordinary dividends
400 Mutual fund 'qualified' dividends
1,000 Mutual fund capital gains
-2,000 Individual Stock Capital Losses

This looks so simple but line 9 states "Add only the positive amounts repoted above. DO NOT ADD any losses"

And that's it. After line 9, I see no places to take any other deductions into account. So what happens to the losses? Can I carry them over?...can they reduce my tax liability?...do they just go to zero?...why do they ask for the losses if they don't count them?

Like I said, this has to be simple, but I'm missing something. Any help is much appreciated. Thanks

2007-03-19 05:58:39 · 1 answers · asked by Brett B 2

My boyfriend has offered to pay $20,000 of my student loan debt, which totals $25,000. If he pays directly to the lender, would either of us owe income tax for the $20,000?

2007-03-19 05:45:38 · 4 answers · asked by nrygwel 1

I started my LLC and just found out I need to file personal property form. I am a seamstress, does that mean my machines that I own and my computer?

2007-03-19 05:35:47 · 5 answers · asked by gloroll 1