United States - March 2007

Have never really found a YES or NO answer to this question but here it goes.

One home - two home owners - Not married own a house together. Do they HAVE TOO split the mortgage interest and property taxes or can one claim everything on their Schedule A?

Thanks.

2007-03-09 03:57:01 · 5 answers · asked by sapugh 1

2007-03-09 03:06:39 · 2 answers · asked by Gustavo B 1

2007-03-09 02:57:08 · 11 answers · asked by neha 3

Can you take a tax deduction for a monetary or property gift to a child?

2007-03-09 02:52:04 · 3 answers · asked by John W 3

Or is it a coincidence that one week after asking a question on how to avoid tax, I got an IRS audit.

2007-03-09 02:51:15 · 18 answers · asked by Jamie 2

Everything has embedded taxes. I'm not talking about the 7% sales tax or local taxes. I'm talking about the materials, labor, etc... that was required to bring that product to market. At every stage there were taxes and you end up paying these taxes in the end. For example, a company buys the material, that's taxed, a laborer sews a few seems his pay is taxed and the company must match some of those taxes..... There's much more but you get the idea.

2007-03-09 02:19:43 · 2 answers · asked by Keith C 2

And the damn government took out taxes on it......over half of the total amount. He had a total of about 13,000. The government took out over 8,000 and left him with only 5,000. He worked at his job for 18 years...and that's all he gets?????

There has to be something he can do about this!!!!

2007-03-09 02:19:36 · 8 answers · asked by ? 6

I haven't done my taxes yet...

2007-03-09 02:08:31 · 8 answers · asked by Dama 3

2007-03-09 02:06:11 · 6 answers · asked by jason d 1

2007-03-09 01:55:45 · 9 answers · asked by planting2lips 2

I’m trying to figure out what to do if I sold my home because I got married. I bought my home in June of 2004 and sold it in February of 2006 because I was going to get married and moved in with my spouse. We got married later in 2006. I did not own the home for the full two years to meet the tests to exclude the gain. I guess my question is, if I didn’t know I was going to get married when I bought my house, is that an unforeseen circumstance? I can’t find anything about this on the IRS website. Any information would be helpful.

2007-03-09 01:50:20 · 5 answers · asked by Liz S 1

Hi all, I saw this in a closed question, but i didn't know if it was resolved. My preparer put a different bank of america routing number than the one I gave them on my return for e-file. I called Bank of America and they sid it should get rejected. the "Wheres my refund" website just says it was deposited on march 2nd. I called today and the girl told me to fill out a form 3911 but that seems to be for "lost" payment which this isn't necessarily. It seems most websites say to just wait and i'll get a paper check but will the "Where's my refund" page change? How long should I expect? Thanks in advance I just don't want to do anything wrong here and screw up this more.

2007-03-09 01:35:49 · 5 answers · asked by tools6900 2

I got married about a year ago. I haven't changed my filing status yet to married. I want to know what will happen to my weekly check if I change it to married. Will it go up or down? Is it a good idea? I ask because I like a big refund check at the end of the year.

2007-03-09 01:34:32 · 8 answers · asked by staggvocals 2

By which I mean - they take a certain percentage out of your check and there's no negotiating it at the end of the year as with state and fed tax. Whats the ideology behind making the rich and the poor all pay this same percent tax? (Its 6.2% for SS and 1.4% for Medicare)

2007-03-09 01:04:34 · 6 answers · asked by numberforty1 1

Can I only deduct the monthly payments or the entire lease costs including downpayment/tax/licensing fees. Also, can I continue to claim/deduct mileage cost on my tax return in addition to the lease cost? Also, can I claim 100% of the lease cost as a businesss expense since I have a 2nd car for personal use without it being a red flag to the IRS?

2007-03-09 00:59:48 · 1 answers · asked by James007 1

I owe about 2500.00 in income taxes from several years ago. They have frozen my bank accounts. The bank told me once I authorized the money in the account to the comptroller the hold would come off. The comptroller tells me they are waiting to find out what the amounts are in the accounts from the bank. I am stuck in the middle. I have worked out a payment plan. I want to close the accounts and I have already opened new ones in the state I live in now. (PA) Can they freeze these accounts too or are they only able to do it in accounts opened in the same state MD? Any advice would be of great help. Thanks

2007-03-09 00:02:26 · 2 answers · asked by sshaner892000 2

I would like to increase my state tax withholding from 1 to 2 - what form do I need to fill out & submit to my employer?

2007-03-08 22:59:47 · 2 answers · asked by fhjccy 1

2007-03-08 22:10:45 · 3 answers · asked by prettynpurplet26 1

I invested in the american stocks market but I am not american nor residentet in US. What is my tax situacion?

2007-03-08 21:57:14 · 4 answers · asked by Luis Luna 1

I cant make this years deadline because my W2 went to my old address in NYC and the person who has it hasnt sent it to me and I dont think she will anytime soon. Is this gonna be a problem? What can I do? The company I used to work for closed and I now live in Florida.

2007-03-08 20:54:50 · 9 answers · asked by Anonymous

Also can the funds be used to purchase a personal residence?

2007-03-08 16:25:08 · 4 answers · asked by marksparlin 1

He has the right to claim them but she already has.now he is ready to file his. He is self-employed. Will they kick his back out or accept it and make her repay them? His income is higher and has legal custody. or just deny him entirely and make him pay cause he doesn't have dependants?

2007-03-08 16:12:29 · 8 answers · asked by lectric lady 2

2007-03-08 16:04:06 · 5 answers · asked by powderpuff_713 2

I used to receive under $500 refund, but this year I ended up paying about $60 dollars. I prefer having my financial life as simple as possible, but I want to know whether there is a certain income level for a single filer to itemize deduction as a rule of thumb.

2007-03-08 15:33:33 · 6 answers · asked by hananimsarang 3

well this year i work part time and didn't go to school, im 19yrs old, anyways i already filed my own taxes ,and my dad wants to claim me because i'm still leaving with him, is that legal or will i get in trouble with the irs?

2007-03-08 15:27:53 · 6 answers · asked by ed man 1

If I lived in 2 states and if my w-2 lists only one state should I file for tax returns from only 1 state or both the states ?

2007-03-08 15:17:11 · 5 answers · asked by MAk 2

I just got a 1099 showing i earned interest on money I did not know I had. I already filed and got my refund (plus spent it). Do i need to refile or send a change or something?

2007-03-08 14:20:56 · 5 answers · asked by hayespoison 2

I know that in the US you are supposed to report gambling winnings. When you do report gambling winnings however, are you supposed to prove it somehow? How will you know the exact amount of gambling winnings you've earned if you did not recieve a w-2g? Will there be a chance that if i report gambling winnings of 7500 and am not sure if there is more, that the IRS could audit me or penalize me in some way? and i am not deducting my losses.

2007-03-08 14:18:08 · 5 answers · asked by Anonymous

i have never done my taxes before. my parents usually take care of it. but i am worried about next year's taxes b/c i wrote a few checks (to buy skin care products) that my parents donn't know about. i don't know whether i should bring up these checks i wrote. do they matter? will i have to "declare" them or something? All i do is work full time at a local resort, i'm 18 and i have a lot of money in the bank.

2007-03-08 14:17:00 · 5 answers · asked by sheila s 2

2007-03-08 14:15:34 · 10 answers · asked by Anonymous