United States - March 2007

OK, I know this is very general, but maybe someone could give me a general estimate. On my 2005 taxes I filed single, was claimed as a dependent (I claimed 0) , made about 12k, no deductions, as part-time student. I got a $40 refund. This year I everything will stay the same except I'll file as a full-time student, and made about 14k. Will I end up oweing this time around if I still claim 0? If I claim myself, that will definately up my refund, correct?

2007-03-01 14:48:19 · 2 answers · asked by ? 2

what are the qualifications for filing.

2007-03-01 14:42:57 · 3 answers · asked by Prince M 1

a person or firm that is knowledgeable in helping someone that needs help in getting all the deductions in a small fleet market business.

2007-03-01 14:13:24 · 2 answers · asked by bossy mary 1

need help getting my w-2 for 2005 i lost it somewhere can u help me at no cost

2007-03-01 14:00:40 · 4 answers · asked by vickie h 1

What if renovations took 6 months and my mailing address wasn't changed and the bills are in my girl friends name, etc?

2007-03-01 13:20:11 · 3 answers · asked by alan p 1

2007-03-01 13:18:58 · 6 answers · asked by Anonymous

2007-03-01 13:15:44 · 7 answers · asked by Anonymous

Is averaging a 92 on the four sections of the exam a good score? Where does it rank with the rest of the country?

2007-03-01 12:53:03 · 3 answers · asked by Dark Helmet 2

2007-03-01 12:52:16 · 1 answers · asked by Anonymous

1) I was assigned on covered call options. I understand that I should add the premium received for the option to the proceeds from the associated stock sale and report that on Schedule D as part of the sale price of the stock. Is that all that goes on Schedule D? Do I report the option itself anywhere?

2) Separately, I wrote covered call options that had less than 30 days until expiration and identified them as a straddle with the related stock. I later bought back the calls at a loss. Does this count as an "identified straddle" where I just increase the basis in the stock by the amount of the loss or does that fact that the expiration date was less than 30 days away mean that it is subject to the traditional loss deferral rules? Also, what effect is there on my holding period for the stock - was it terminated when I sold the options or just suspended?

2007-03-01 12:41:22 · 3 answers · asked by Dave W 6

I dont file like most people i have all of the forms but i was just wondering if there are any deductions to help cause i am self employed and i dont pay taxes all year until the end and i made too much to file earned income credit
ERICA

2007-03-01 12:33:39 · 5 answers · asked by ericamandella 1

2007-03-01 12:29:22 · 8 answers · asked by just me 1

The purchase price is $255K how much would I pay for property taxes? yearly...

2007-03-01 12:25:54 · 3 answers · asked by Gigi D 1

if this is even an answerable question, i know it depends on a lot of things, but what is the average percent of your paycheck that is taken out each week if you claim zero?

2007-03-01 11:44:05 · 3 answers · asked by redhot787 2

if you claim 0 does it mean they take less out of your checks?

2007-03-01 11:30:22 · 3 answers · asked by Pink Dreams 1

I have been out of work since 4/05. I had a work related injury that I recently recieved back temporary partial disability pay for. I have also recieved checks every 2 weeks since 10/06. My question is should I file a tax return on this? This has been my only income for the year.

2007-03-01 11:20:14 · 5 answers · asked by Linda K 1

In other words... if I buy a product from a multi level marketing that I sell for they charge me tax on $270 even though they discount it for my purchase at $170.

2007-03-01 11:18:46 · 1 answers · asked by mr.trump 1

my aunt claimed me as a dependent last year when my income was only 800 and this year. But this year my income is a little more than $5000 but less than $5100, and i have some federal and tax withholding which is more than $100, but i remembered paying tax more than that in everymonth pay check.
I wonder if i could get tax return for myself, is it same amount as my tax withholding. My aunt would not give me anything from claiming me as dependent even though she got back more than $2000
Could i have gotten more of my return if my aunt had not claimed me as her dependent?
I am student, please help me out

2007-03-01 11:15:05 · 4 answers · asked by moonahi 2

2007-03-01 11:09:20 · 2 answers · asked by fred b 1

2007-03-01 11:07:44 · 5 answers · asked by h h 1

2007-03-01 10:26:40 · 4 answers · asked by ? 4

2007-03-01 09:15:51 · 3 answers · asked by optomist prime 1

I worked for Levy Restaurants in Chicago and I have been trying to get onto their website to contact someone at their corporate office but their server is down. I know that by law they should have sent the W2 over a month ago but I have not recieved one yet and I am freaking out!! Does anyone know what I can do to get a hold of this VERY VERY important document??

2007-03-01 09:14:16 · 5 answers · asked by chingona1027 3

My stockbroker sold 800 shares of RD (Royal Dutch) in Dec of 05, it was reported to the IRS in the Transaction Column as a Sale Due To Merger.on my 1099, It came to roughly $49,200. 28 days later in 2006 he reinvested and, bought 400 shares of the new Royal Dutch - A (merged stock) about $24,000 and, the rest of the money he threw into a Rochester Mutual Find. I had no knowledge of the transaction. i inheretied this stock in 1999 at the time the 800 shares were worth $38,400. The big trick question ......Was this the right thing to do by the stockbroker and, how in the hell would I figure out what I owe the IRS on this ??

2007-03-01 09:08:53 · 2 answers · asked by LEN V 1

I have a question. Up to how many dependents can be claimed on the W4 from work?.

2007-03-01 09:05:40 · 4 answers · asked by Anonymous

2007-03-01 08:58:51 · 6 answers · asked by Rachel 410 2

I got ripped off one year, I believe in 2005 filing for the year 2004, and didn't get as big of a refund as I was entitled to. I saw an ad for a tax company with Tarzan being informed that the preparer could give him more money as one year his taxes were prepared by Cheetah. I didn't even know this was possible... is it?

2007-03-01 08:55:28 · 5 answers · asked by bobbymcshankleby 2

Thank you for presenting this solution to my problem. After K-1 distributes the interest/dividends to me, I then claim this income on my 2007 1040 return, meaning the Government waits an extra year for its tax? And, the 1041 I file later this year will have no tax due since all income has been distributed with the K-1? This solution, if I understand you correctly, is indeed PERFECT. Thank you. I will proceed to file the 8855 today.

2007-03-01 08:52:31 · 1 answers · asked by lfkestner 1

I would like do a research project for my class about tax dollars spent on federal tax forms. Does anyone know where i can get copies of old I-9 forms. These are the only old ones I cant find on the IRS web site. We would like to note changes made (however minute) and then get estimates on how much it would cost to make those changes. And how much it costs businesses to get the updated forms. Which increases overhead each year and decreases raises (that's what we think is going to be the result of our research).

2007-03-01 08:52:25 · 3 answers · asked by Cindy C 1

2007-03-01 08:46:01 · 2 answers · asked by Fisherman 1