United States - March 2007

I owe taxes for 2004, 2005 and 2006. I filed my 2004 taxes but didn't mail in my portion of taxes which stated i owed, but I haven't gotten my 2005 and 2006 filed yet. Can I mail them in one by one or do I mail them in all together?

2007-03-06 01:49:37 · 6 answers · asked by stella 2

2007-03-06 01:38:24 · 4 answers · asked by Yito P 2

2007-03-06 01:32:26 · 5 answers · asked by Mail J 3

My father has about 80 acres of land and has recently retired. He needs to either sell the land or figure out a way to supliment his social security income. He would like to keep the land so that his children can inherit it..this is the idea he came up with and we need advise on if it is advisable to do this

He would like to incorporate the land and have us kids (9 of us) buy shares...from what I understand this can cause some complicated tax issues (double taxation as well as step up when property is sold)...is there a better way to handle this? Could my father maybe have a will that is updated regularly that would provide payback to each child what they are able to help with (some can do more than others, some not at all)...this would assure those of us who help our parents out that we are going to get a return and maybe give the incentive to the children who are not helping them out currently...does this make sense? Please Help!

2007-03-06 01:08:56 · 4 answers · asked by JennyJ 2

I am a 24 yr. old college student, and he has supported me the last two years. He has even helped pay for my education. We are trying to figure out how to claim my school expenses as a deduction, but we don't know if he can claim it or not. I could do my taxes on my own, but it wouldn't actually get anything back as EIC cause I have no other dependents myself. Or that is what I was told anyway.

2007-03-06 01:04:53 · 5 answers · asked by Rachel A 1

Which check is suppose to come first the Federal or the state?

2007-03-06 00:47:30 · 4 answers · asked by CLARISSA G 3

2007-03-05 22:59:00 · 7 answers · asked by JIMMIE S 1

2007-03-05 22:41:36 · 4 answers · asked by roz 1

Just trying to file my taxes and ex wont give me my kids social number

2007-03-05 21:49:30 · 2 answers · asked by benji@kandis123 1

2007-03-05 21:12:55 · 4 answers · asked by celeste2nd2none 1

I worked for one company for only about a month and I can't remember their name. How do I get that information so I can get my W-2 from them for my taxes this year? I have moved and will need to contact them to get it since they don't forward W-2's. I have searched the IRS site but haven't seen anything that would help me. I know the IRS can do my taxes for me, and they will have that information, but I haven't found that option on their site yet either. Any help appreciated.

2007-03-05 21:05:29 · 3 answers · asked by mastermindme 2

Due to the fact i am just starting to repay a defaulted student loan, i have to make good faith payments in order for the IRS not to hand over my refund check to the lending institution, like they have been doing for the last five years. I am positive of a refund, do i still have to request an extension, or can i just do my return sometime in september or october with out the worry of beind fined or penalized by the IRs?

2007-03-05 19:10:55 · 8 answers · asked by tp1260 2

According to the IRS and other posts on the internet

Gains on the sale of an inherited house (we used for rent but did not live in for more than 2 years) are taxable. Losses are not deductable. To me, losses not being deductible doesn't mean you have to pay taxes on the amount that is less than FMV at the time of death.

My parents sold the house they inherited 10 years ago well below the price it was worth when my grandparents died. I'm assuming that since this is NOT a gain we don't have to pay taxes. but no one has said anything so CLEARLY. I don't understand why this is so hard a question to ask. No one is straight-forward with the answer. They just say get a professional.

My parents asked a friend (not a very knowledgeable one) who works for Jackson Hewitt if she had to pay taxes and she said yes. Now i want to know the basis. I'm going to talk to her myself but i want to make sure i have my facts right first.

Thanks!

2007-03-05 17:40:54 · 5 answers · asked by Jacob P 2

2007-03-05 17:21:56 · 5 answers · asked by Michael C 1

2007-03-05 17:07:52 · 2 answers · asked by MIKE ANGEL 1

2007-03-05 16:30:51 · 4 answers · asked by Maria G 1

They gave part of my refund but say it's being reviewed and will mail notice requesting for additional information. There was no error message just gave part of refund. Gave info stating to please read following information related to my tax situation which had: look at tax topic 151, Your Appeal Rights

2007-03-05 15:50:24 · 3 answers · asked by ktd78 2

2007-03-05 15:22:46 · 4 answers · asked by star m 1

Do you know how far back you can file your income taxes? I did not owe any money but was due a small refund. I'm not interested in getting the refund, I just want to file the late return.

QUESTION: Do you know if income from 2001 can still be filed?

2007-03-05 15:19:45 · 5 answers · asked by Debbie 1

Received a 1098 from Sallie Mae for my student loan interest deduction. It did not include the interest paid on my private student loans. The Sallie Mae website provided information that all of my student loans may not be eligible for the interest deduction. My interest was over $4,000.00. During a divorce ,while in college, I took student loans for living expenses, transportation, books, supplies and tuition. How do I determine the total deduction allowed? The 1098 reflects that $632.00 was reported to IRS. How do I determine if I qualify for the maximum deduction of $2500.00?

2007-03-05 15:06:05 · 3 answers · asked by Dee 1

Last autumn while I was looking for a new job, I racked up $400 in cell phone usage (due to daytime usage from phone interviews and constantly checking voicemails). I know that some job-related expense can be claimed as a deduction, but how about cell phone usage in this case? I have the bill and can exactly specify which phone calls were for jobs.

2007-03-05 14:57:11 · 4 answers · asked by Shasta McNasty 2007 2

2007-03-05 14:52:54 · 3 answers · asked by brianatm6 2

Can I get a tax deduction for having a loan on my car last year ?
Is there any difference in hiring a Tax consultant and Filing it myself online if my case is straight, ie no additional income, mortgages etc, just one source of income and standard deductions.
Will an accountant be able to give me a better refund as compared to online filing

Appreciate it

2007-03-05 14:08:18 · 1 answers · asked by handu 1

I am looking for a case in which someone has tried to deduct foreign language classes as an ordinary, necessary business expense on their Schedule C. I am a photographer, so I file a Schedule C on my tax return. I take private Spanish tutoring, and I'm doing it to improve my business - being bilingual is a great asset.

Anyone ever tried to deduct such a thing? Or do they know of a case in which the IRS let someone deduct it?

Extra points if you can site an IRS case proving it!

2007-03-05 13:54:29 · 4 answers · asked by Anonymous

2007-03-05 13:42:16 · 4 answers · asked by kimberly t 2

OK. I am an independent IT consultant. I'm starting a contract position and will be getting a 1099 form and be responsible for my own taxes (whatever that means, need to find out).
I also recently started a consulting company, currently sole proprietorship, may incorporate by next quarter.

What are the differences in taxes if I have the company on this current contract pay me on a 1099 as an individual contractor, vs having them pay my company.

Would I pay less or more doing one way or the other? Benefits during the year vs year end tax filings? Need CONCISE info and/or sites to decide how I should request payment and handle taxes.

Thanks.

2007-03-05 13:13:23 · 3 answers · asked by answers999 6

I only use it for work. If it is deductible, can I also deduct the space where I keep the piano?

2007-03-05 13:12:36 · 3 answers · asked by pawt72 3

I recieve county aid and wasn't employed but wanted a family member to claim my 6 yr. old as a dependent but when they attempted it turns out she had already been claimed by someone else. I have no idea who it might be and want to know what is going on and what can or should I do about this. Thank YOU

2007-03-05 12:16:33 · 4 answers · asked by Linda S 1

My wife and I file separate income tax returns. When deducting our mortgage interest and taxes is it ok for one of us to claim the interest, and the other claim the taxes? Both of our names are on the mortgage statements and accounts. Or do we need to keep them together?

2007-03-05 12:09:29 · 5 answers · asked by t m 1

And now he is self employed. How would I go about doing the taxes for this situation? He received his w2 from Florida and his 1099 from Michigan (current residence). Do we file seperate state taxes and a combined federal? I will most likely have the done professionally but I am nervous about what we may end up owing...so I want to check it out without fully filing. Also, If I have no income should we still file married filing joint?

2007-03-05 11:56:54 · 3 answers · asked by MClay 1