United States - March 2007

I thought you could write off your total mortgage payment when you rent a house, especially when your mortgage is higher than what you get from the renter, my tax guy said only the interest is a write off is this true?? and of course all the expences are a write off also.

2007-03-06 13:31:39 · 3 answers · asked by foxyraley 2

Can a person mistakenly receive a W-2, apparently having never worked at that particular business? And yet, still have your name, address, and social security number all correct on the form? Is this AT ALL POSSIBLE???

2007-03-06 13:29:29 · 3 answers · asked by ladytropical81 1

I file joint return with my spose. My son whom I claim dependent received all his college tution fees back way of hope scholarship. Form 1098T shows $4,172 paid a tution fees in Box 2. Box 5 shows $4,897 received as scholarship. We as parents did not pay any tution fees. Can we still claim the amount in Box 2 as qualified tution fee? Or can we still get the education credit while filing 2006 return?

2007-03-06 13:25:12 · 2 answers · asked by Jay 1

2007-03-06 13:14:11 · 3 answers · asked by Lindsey C 1

is federal income tax the same as self employment tax?

2007-03-06 12:50:13 · 6 answers · asked by Lindsey C 1

I have to file my husband's tax returns to the state of Kansas from 2000 2001 2002 and 2004. I don't have W2's and they require them! I have NO idea where to get them ~ please help!!

2007-03-06 12:48:55 · 2 answers · asked by kswildangel 2

I know someone who didn't have a phone during the stated period, will the IRS know the difference or care if this person claim's the credit?

2007-03-06 12:37:02 · 4 answers · asked by Ken 2

I had a hospital bill and apparently i owed a college for some reason, i was on probation when i went to the hospital, and then had my probation revoked, i was sent back to prison and therefore unable to pay the bill. I filed my taxes and all i got was a notice saying my taxes had went to these overdue bills. I think i should have a chance to pay out the bill, since under my circumstances i couldn't pay.

2007-03-06 11:57:32 · 5 answers · asked by Shanna T 1

2007-03-06 11:47:29 · 4 answers · asked by Dean S 1

I am new to having to 10-99 myself and I would greatly appreciate any answers or info about this.

2007-03-06 11:11:17 · 5 answers · asked by Mark S 1

2007-03-06 11:02:33 · 7 answers · asked by gobetween78 1

We need to hire a full time real estate agent for our company. We are not a brokerage, so they will need to keep their license at their current brokerage. However, we will be paying them a salary, and they will give us their commision that they receive on the transactions. How do we do this for tax purposes since they will receive a 1099 from their broker for the commison, and then a W2 from us? Would they just file there taxes, showing the payout to us from the 1099, thus expenses equal to the 1099 and then pay taxes off the W2 amount? Thanks for your help.

2007-03-06 10:54:07 · 5 answers · asked by tomba187 1

I volunteered at my church last year and I wanted to know if I could do something with my taxes.

2007-03-06 10:52:11 · 4 answers · asked by Anonymous

the fee is on long distance servces that the companies had been charging and the governement said hey you cant do that.

2007-03-06 10:35:16 · 4 answers · asked by acidcigarsmoker 1

2007-03-06 10:26:11 · 5 answers · asked by Glory 1

2007-03-06 09:48:47 · 6 answers · asked by Sam 1

I know the income limit for our state's program is 2,700 a month but I don't know if that means what you earned or bring home. Thanks for your help!

2007-03-06 09:46:17 · 4 answers · asked by ecstaticdevine 4

2007-03-06 09:32:13 · 4 answers · asked by Nancy R 1

My friends husband is self-employed. He's only claiming like $15000. They have 2 children. They are confused because he didn't pay any federal taxes all year and are now getting a $2000 refund. How is this possible?

2007-03-06 09:27:46 · 4 answers · asked by Wendy B 5

Does anyone know what days of the week the IRS makes E-File deposits to your checking accounts?? I thought it was Tuesdays and Fridays but I want to know for sure...Thanks!!!

2007-03-06 09:27:36 · 6 answers · asked by notso_recoveringwino 2

I bought an iPod in another country and the stupid seller wrote his company name and the value of $200 on the customs declaration, but he marked 'gift' .....
....someone's got a good idea what to say ????

2007-03-06 09:13:36 · 3 answers · asked by Mr. T 2

1-how to get e-file software?.
2-I start working on june 2005 till dec.2006 ,how to file tax return,i did not file tax for 2005 on 2006 because i was overseas for military support and i have travile order from US Army in Iraq,what should i do and which form shold i used?.
3- i got married on 2006 and wife is not US citizen nor allien,how to file here, and how to file the marriage expenses,i spent $10,000 .
4-i have a disable who live with me in the states in my condiminum,he get assistant from the government,should i file him with me and get credit ,i could rent my condiminum up to $1200,but i decide to keep my disable freind.

2007-03-06 09:08:56 · 2 answers · asked by athir7388 1

Regarding last response to question I posed:
a. tax rates to discourage trusts yet they are "sold" to the elderly population as the ultimate in good planning.
b. distribution has now been made, Mar 1, after filing 8855 with IRS.
c. don't think I need any exemption now since I've distributed all 2006 income.
d. you are probably right about getting professional help but I really hope to accomplish this challenge...
Thanks to all Yahoo professionals who have offered your help!

2007-03-06 09:07:04 · 1 answers · asked by lfkestner 1

Federal excise tax refund

2007-03-06 08:59:37 · 5 answers · asked by rfd8@sbcglobal.net 1

While in college I didn't work. I did get a scholarship. Didn't pay attention to the tax docs issued from those since I figured standard deductions would handle it, zero tax.

2005, did work some, very little. So again I thought standard deductions would make it zero tax liability. I assumed for 05 that no one was claiming me as a dependent. I found out this year, that was incorrect.

So how do I begin fixing this? I don't have any tax docs from before 05. How bad will penalties be?

2007-03-06 08:50:07 · 5 answers · asked by Paper M 1

My boss uses quick books and i wanted less taxes taken out of my checks. I know if i claim myself thats the way i would do it. Is giving an allowence the same as depending one???

2007-03-06 08:39:36 · 2 answers · asked by Anonymous

Hubby was deployed because of this Iraq fiasco but served 12 mos. in the US at a base away from home.

On the 1040 they only list deployment in a combat zone.

I take it those who were deployed in the US away from home station dont qualify for any tax breaks.

Does anyone know the IRS rule on this? Thanks......

2007-03-06 08:38:47 · 3 answers · asked by vegasmisty 1

like a website that you can type in some info and it tells you when you will be getting it in the mail? any help is appreciated, thanks :)

2007-03-06 08:27:57 · 3 answers · asked by heretohelp 2

2007-03-06 08:24:13 · 2 answers · asked by JIM K 1

Hi, I live and work in New Jersey and I live as a tenant in an apartment complex. Am I eligible for the Property tax deduction/credit and/or the homestead rebate? How do I know if the property tax is being deducted from the rent? Also, do the entries UI/HC/WF and NJ DI in the box 14 of the W2 have to be entered anywhere while filing the NJ1040 OR 1040 For Federal?

2007-03-06 08:16:47 · 3 answers · asked by vandana r 1