United States - March 2007

is it possible to get a job at Albertson's, Rite Aid, or Target with a tax ID number instead of a Social Security number?
my tax ID is legal...it is not stolen or achieved by any means of illegal process...

2007-03-17 10:47:30 · 5 answers · asked by geebuzz 1

My friend received 1099s in 2006 for freelance writing, but never officially registered or incorporated herself. Is she automatically considered a sole proprietor? Or does she need to fill out other forms to register the business before being able to claim the 1099s on schedule C?

2007-03-17 10:32:42 · 3 answers · asked by Frosty Lemmon 3

2007-03-17 10:25:33 · 5 answers · asked by Speed R 1

I already have a house (that I live in) that I've been deducting mortage interest for the past five years. I've been told that I can deduct the condo mortgage interest on my taxes for a "second home". I don't know if milage is a factor in qualifing for a second home -- the condo is only 3 miles from my house. My family/friends do not pay me rent when they stay in the condo. Having the condo has worked out very nice over the past six months because we get away from each other for 8-12hr/day when they are in town, but would even be better if I can fully deduct the mortgage interest from my taxes. Any suggestions on how to handle this situation on my taxes?

2007-03-17 10:11:14 · 4 answers · asked by chandler163 1

2007-03-17 09:36:40 · 6 answers · asked by Mark L 1

I had a business with my brother - it operated for 11 mo's in 2004 and then went under. I personally guaranteed one of the debts, and also paid a few small ones that I did not personally guarantee...in 2006, paid $2,000 toward the one I personally guaranteed...

Does this count for anything at all when calculating my 2006 personal return? Or do I have to ammend my 2004 return (again, if this payment has any bearing on that)...

Anybody know?

Thanks!

2007-03-17 09:09:29 · 3 answers · asked by Tony and Mary 1

I want to open an ira, but I am wondering if its possible to use my tax return to fund my IRA? Can I use my tax return for this year or will I have to set aside the money and fund the IRA for the following year with last years tax return. I hope this makes sense..

2007-03-17 09:09:08 · 4 answers · asked by Jason K 1

Hello, it's my first time filing taxes without the help of my parents, so I'm looking at online tax programs and don't know which to choose. H and R has a program for federal and if you have to file state, but doesn't tell me why I may or may not file state. How do I know? Also, I bought a car in and have investments in my name and a bank account all linked to another state than where I live and work, will I have to file state taxes in both states? Should I just go to a professional? How much does that typically cost? Thanks for any help!

2007-03-17 09:00:53 · 5 answers · asked by graybear 4

2007-03-17 08:59:00 · 5 answers · asked by friendlyJ 1

can someone cash a check from their federal income-tax dating 3-25-05?? or is it too late.

2007-03-17 08:41:25 · 10 answers · asked by ANA O 1

it saves the irs money and time when e-filed but yet they charge mid income. kinda like direct deposit no paper work = savings company $$$$

2007-03-17 08:25:01 · 2 answers · asked by buddy 1

I make a little over $100k in salary; my ex makes $46k. Currently. I'm paying $15k/year. She claims my daughter on her taxes. All I do is pay, tax, child support. Despite the salary, there's next to nothing left. We live in Southern Calif.

2007-03-17 08:11:31 · 8 answers · asked by Anonymous

2007-03-17 08:11:14 · 3 answers · asked by hm 1

What is the deduction per mile?

2007-03-17 07:50:18 · 3 answers · asked by csnkrushin 2

I just forgot to mail the envelope. So I am aware that I owed about $150. What do I do for this year? Just ignore it and continue with my taxes as if I paid them last year? Is it a big deal? I'll pay the 150 if they ask me for it...but do they actually know about it?

2007-03-17 07:37:56 · 7 answers · asked by FreakyGeeky 3

I have a shortterm capital loss carryover of about $25K from earlier years of investing in stocks.
I've been deducting the standard $3K yearly from ordinary income as I don't play the market much any more.
If I were to play the market again and show a shortterm capital gain of $25K this year, wouldn't I be able to offset the ENTIRE amount and hold onto the entire gain??
I'm pretty sure I can, but my friend says I can't, and even his CPA supports him. Who is correct??? Shouldn't he get a new CPA?? :)

2007-03-17 07:31:00 · 3 answers · asked by male29california 2

I have been living outside of the US for the past six years. I never filed a return as I assumed that as my salary was exempt from US taxes, I would not need to file any return. I did not owe the government money right? I know the mistakes of youth. Do I need to file a return or the previous six years. I am still living abroad and will continue to do so for a while but do not wish to get into trouble with the IRS.

2007-03-17 07:18:33 · 3 answers · asked by uneducated hiker 1

I was just doing my taxes and found out that because I was a tutor for "No Child Left Behind" for a short period of time, it cut my refund in half... because they made me file a 1099 for it...

How dare they? And the private tutoring company never even paid me for the gas that I spent to drive all over the county tutoring the kids....

I hate Bush!

2007-03-17 07:08:40 · 4 answers · asked by rabble rouser 6

2007-03-17 06:43:22 · 6 answers · asked by Lola 1

I babysit my neighbor's children (2&4) for four dollars an hour. (3hours a day) The mom told me she's going to claim the childcare on her taxes as a business expense/tax writeoff. How much do I need to set aside so that I can pay MY taxes on this income? *grin*
What started out as a "Once in a while" thing has sure mushroomed.
Also, do you know of a website that explains this in detail? Thanks in advance.

2007-03-17 06:33:43 · 6 answers · asked by Angela :) 3

2007-03-17 06:18:06 · 4 answers · asked by k_lafriniere06 1

If one does exist can you tell me what it is? I've heard one doesn't exist but would like to know the truth!

2007-03-17 06:02:37 · 5 answers · asked by Anonymous

I mailed my California state taxes but forgot to enclose my W-2 form with them. What should I do? Wait for them to contact me if they ever do, Or should I send them another copy of my filing with the W-2 attached?

2007-03-17 05:58:09 · 4 answers · asked by Anonymous

Custody is joint.

2007-03-17 05:49:49 · 4 answers · asked by oythebumbler 1

i e-filed my return on 2-26-07, after a week irs website said i should get refund around 3-13-07. a few days after that it changed and is now saying delay in processing and gives ref.#1201. i lost my job of 16 yrs. last march, drew unemployment for a month then started cleaning homes in may. i filed married filling jointly, showed income from all sources, took deduction of using my car for cleaning jobs and took credit for my husbands 401k. i made est. tax pymts. for june, sept. & jan. so i wouldn't owe anything. help!

2007-03-17 05:47:03 · 7 answers · asked by GAYLA H 1

2007-03-17 05:38:48 · 3 answers · asked by CHARLES ANNE F 1

That seems higher than the tax brackets I remember in my college accounting class. If I'm heading for a refund @ the end of the year, how can I get them to take less out so I don't have for the end of a year to get it back?

I live in North Carolina, here is what I see on my paycheck:

Fed Withholding 13%
Fed MED/EE 1.45%
Fed OASDI/EE 6.2%
NC Withholding 6.25%

What is all that stuff?

2007-03-17 05:12:12 · 11 answers · asked by Be nice, or at least funny 2

Small business w/ cafeteria plan where the business pays most of health insurance. A deduction of $20 (or $150 for entire family) a month from employee's pay for health insurance. Is this deducted from Fed and CA state wages on W-2 (1 & 16)?

2007-03-17 05:10:28 · 1 answers · asked by Jill 2

I claimed my 17 year old son on my taxes (per my divorce decree) and found out his dad did his own taxes so they wouldn't let me claim him as he claimed himself. Now I owe the IRS a ton of money instead of getting a return. My son made $6,000 this year. Is there a way to reverse this? Do I have any other options? I thought the law was that I could claim him before 18 regardless what he made. Thanks!

2007-03-17 05:06:34 · 4 answers · asked by Sha Sha 2

2007-03-17 04:54:54 · 6 answers · asked by guitarbuttmunch88 1