United States - March 2007

I work as a part-time/temp employee (although still 40 hours/week.) After 1,000 hours they offered me health insurance, but before then I was paying for an individual plan. Can I deduct the premiums I paid up until enrolling in the company's group plan?

2007-03-18 07:27:32 · 4 answers · asked by Cymbaline 2

2007-03-18 07:25:31 · 2 answers · asked by RoxanneZG 3

I'm self-employed with a staffing agency as an independent contractor, as a nursing technician, and almost finished with RN school. The college I'm going through does not participate in federal financial aid. I'm aware that I can't take a hope or lifetime learning credit because of that, but would the tuition be deductible as an ordinary and necessary business expense? As a nursing technician, am I considered part of the nursing profession, even though I'm not licensed as such? I do have the mandatory certification the state requires.

2007-03-18 07:07:41 · 5 answers · asked by mattseviernd 3

I am single, no dependants and no one can claim me as a dependant. I dont have any kind of tuition reimbursement or retirement stuff. Just my plain old W-2's. Also, I havent filed in a few years and am planning on filing for the past 3 years. My uncle knows a lady who gets him GREAT returns. Should I pay hey to do my taxes as well? hoping that she could somehow get me more money? or are my taxes so simple that I should just do them on my own?

2007-03-18 07:06:09 · 4 answers · asked by 13 Points 2

Hello -
I have a question about whether any of this would be considered a "wash sale" ?
Bought 304 sh of X on 10/6/06 Sold 10/18 @ $19 net gain
Bought 94 sh of X on 10/10/06 Sold 10/18$(40) net loss

Bought 325 Sh X on 10/23/06 Sold 325 Sh 10/25/06 Net loss of $1,082.00
Seems to me that the $40 loss a wash but the $1082 is not a wash but maybe that is wish ful thinking?

Thanks in advance for any help!

2007-03-18 06:27:21 · 2 answers · asked by Anonymous

(from the guy with the 5 years of returns to file)
On the gambling issue, would you put both the winnings and the losses on Schedule A? Also, if I do not have the records showing the losses, they would still have to audit me, right? So if I do not get audited would you go ahead and do it? And if I do get audited, is the worse that can happen a penalty, or could this be criminal? Where on my tax returns can I put a statement showing that the casino was ruined in the hurricane? I already tried getting records from the casino "receivership office", all I have gotten is the runaround.

2007-03-18 06:26:42 · 1 answers · asked by Anonymous

2007-03-18 05:53:03 · 3 answers · asked by OnionSkin 3

I incorporated on 3/10/2007 and when applying for EIN, I mentioned Fiscal Year end as March. (I am now thinking probrbaly Jan 31 would have been better)
In any case,
Does my corporation have to file taxes this year ending March 31, 2007? Or on March 31, 2008?
Does it make sense to file taxes for the short year comprising 20 odd days?

2007-03-18 05:40:54 · 2 answers · asked by Anonymous

2007-03-18 05:38:46 · 3 answers · asked by rmmata 1

2007-03-18 05:33:34 · 4 answers · asked by James S 1

I am the poor slob with the 5 years of back taxes to do. I won some money in a casino in Biloxi Mississippi and then I lost enough to offset the win. But the casino got blown away in Hurricane Katrina and all I have is the W2G showing the win, while I cannot get a win-loss statement from the casino to show my losses because it is gone. Will the IRS trust me on this one?????

2007-03-18 05:14:56 · 7 answers · asked by Anonymous

I pity the poor agent who gets that task. Honestly.

2007-03-18 05:12:51 · 1 answers · asked by Anonymous

Hi,

For the tax year 2005, I happened to invest $1500 more than I am supposed to. I realized this in Jan 06(before my tax filing due date of 2005) and promptly removed the excess contribution along with the earnings. For the tax year 2005, I did not show any excess contribution withdrawal,i just mentioned the correct Roth IRA I am eligible for as invested, I thought I had to do that in 2006 as I did this act in Jan 06. But the custodian has given me a 1099 R with the code PJ and my tax software tells me that this means I have to correct my 2005 return. Can someone help me and guide me on this. It is just 86$ which is the earning on the excess withdrawal. What form do I need to file to correct this for 2005, will I need to do amendment of the 2005 tax return.
Is this an easy job or will I be better of going to a tax preparer. I have always done my own taxes.
Any help on this would be highly appreciated.

Thanks

2007-03-18 05:02:42 · 2 answers · asked by theguy 1

i am a legal temporary worker recently moved to the usa. i filled out the w-4 and the total amount of withholdings was 5

2007-03-18 04:48:42 · 2 answers · asked by Anonymous

I did not file due to divorce and procrastination. Once I missed the first year it was harder and harder to do the next year. This year I want to catch up and get squared away. Even tho I withheld more than I owed, am I still in trouble? What would you do? This is U.S. income tax by the way.

2007-03-18 04:41:30 · 9 answers · asked by Anonymous

2007-03-18 04:41:17 · 2 answers · asked by casey e 1

before you have to pay capital gains tax on it.?
Also, does it matter how long you owned the property?
I tried looking this information up at the I.R.S. site, and couldn't find any helpful info.

2007-03-18 04:31:09 · 5 answers · asked by Kismitt 6

My wife and I filed our 2006 Federal income tax returns two months ago. We recently filed our local income tax returns and got a unexpected $22.00 return that we had not reported on our Federal return. The local authority issued us a 1099-G that stated this income is being reported to the IRS for tax year 2006 (not 2007).

Should we go through the hassle of amending our 2006 returns for this small amount, or should we wait to see if the IRS sends us correspondence asking us to pay the tax on the $22.00?

Thanks,

2007-03-18 04:26:02 · 12 answers · asked by Matt K 4

I did not claim the undergraduate tuition that I paid for for 2004 and 2005. Is it possible to amend those tax papers? Can someone please guide me in the right direction either by providing URL or letting me know what I should research. Thank you!

2007-03-18 04:19:04 · 3 answers · asked by heyjerzygirl 2

I have heard rumor that a traveling nurse can deduct 50/day for food and other expenses. Also I have read about reimbursements for travel expenses. Any information will help

2007-03-18 04:10:55 · 4 answers · asked by Kelly M 2

I know they take taxes out of the checks but then you get a check for the taxes that was taken out.I just want to know if i have to report all of that and repay the taxes on it when i return next year

2007-03-18 03:51:50 · 5 answers · asked by w_robrecht 1

2007-03-18 03:48:07 · 3 answers · asked by w_robrecht 1

2007-03-18 03:32:26 · 2 answers · asked by ssunderagarwal 4

It shows like this:

Box 18 Local wages, tips, etc
3550.00
3550.00

Box 19 Local income tax
35.50
3.20

Box 20 Locality name
Shippensburg
PA SUI

2007-03-18 02:44:00 · 3 answers · asked by PrimeTime 2

2007-03-18 02:39:47 · 5 answers · asked by DeeCee 1

I closed a 401K account with 20K in it and used 17K of it for medical bills. What IRS form would I use to claim that as a hardship so it is not treated as a early withdrawal ?

2007-03-18 02:13:44 · 1 answers · asked by Sky Hawk 1

What type of IRA should a college student open? Traditional IRA or Roth IRA?

2007-03-18 01:57:37 · 5 answers · asked by Anonymous

Hey! I've participated in Work and Travel program in last two years. I did paid federal tax, but exactly I did not have to. ( as a international student I'm not oligated to do it) Now I'd like to get back what I paid.The problem is that I don't know how to do it. My knowledge about US taxation process is not impressive.I stilll have my W2 forms from my employer.Please help me!!!

2007-03-18 01:37:54 · 3 answers · asked by jacekvolt 1

Another question I have concerning Millennium Management located in Beachwood, Ohio. I was hired as a apartment maintenance worker for one of their managed apartment buildings located in in Ohio. When I was on-call they only paid me once a month for overtime pay. Is this legal under Ohio labor laws? I feel I should been paid every pay period for overtime pay with my normal payroll check. Not once a month so they could fudge my overtime and hope I would forget about the hours I worked in overtime that month.

2007-03-17 20:23:13 · 3 answers · asked by Anonymous

I filed last year and owed money. They sent me a notice with the amount I owed, which I've lost. Now it's almost time to file again and I still haven't paid. How can I find out how much I owe them now that there will be penalties tacked onto the balance?

2007-03-17 20:06:19 · 5 answers · asked by kompakt25 1