United States - March 2007

If i dont have a bank account . . .

2007-03-28 11:14:02 · 3 answers · asked by Tami 1

i owe 100 so its not much but why if they take out money each paycheck do they need more at the end? im 24 noone claims me as a dependent and when i filled out my tax form pre hire (i dunno what form it is) i only put down 1 (enter 1 for yourself if noone can claim you....) what can i do to not owe money every year

2007-03-28 11:13:16 · 5 answers · asked by Christopher 1

Me and my daughter live with my mom. I work a full-time job this year and make more than my mother, but she still pays for the house, bills, etc. I pay for ALL my daughter's expenses. Can my mother still claim head of household without a dependent (my child)? I would like to claim my daughter this year but my mom would end up paying more if she does the "single" thing. HELP! I can't claim head of household because i do not pay for much of the house things right? Not sure how this works. I've tried researching it and it just says my mom can claim head of household using my child but my child can't be claimed on anyone else's taxes (that would be mine). I need help really bad.

2007-03-28 11:10:22 · 8 answers · asked by Anonymous

Because minors cannot vote why do they pay income tax or the payroll tax? If we did abolish the income tax for minors what would happen?

2007-03-28 11:05:49 · 4 answers · asked by Saket J 1

I have been waiting on a w2 and have not recieved it.

2007-03-28 10:46:26 · 4 answers · asked by kathyg1010 1

I have been waiting on a w2 and have not recieved it.

2007-03-28 10:45:58 · 4 answers · asked by kathyg1010 1

My mom claimed me as a dependent in her taxes. Can I do my own taxes because I worked last year? Can I claim dependents as well?

2007-03-28 10:34:58 · 6 answers · asked by titaalex 1

I filed for my state and Federal Tax Returns March 8th of this year and was wondering if there is a way besides the internet I can track my Federal and CA State and Oregon State Taxes? I just want to know the status of each one and more info of when it may come or what not. How can I do this?

2007-03-28 10:26:39 · 2 answers · asked by Anonymous

2007-03-28 10:20:36 · 2 answers · asked by vgigaijin 1

1099C...for rental property that was sold in 2006?
I received a 1099c for a home that was sold as part of a real estate short sale. The home was my residence for 3 years and then was rented out for 15 months. The home was rented from April 05 until it was sold in Sept 06. I know I have to file the 1099c but will I be able to use a form 982 to exclude the debt by claiming it to be qualified Real Property Business debt.

2007-03-28 10:19:38 · 1 answers · asked by gr8tfriend 1

In 2006 I lost about $200 in bad stocks. Can I elect to carry the loss over to 2007?

I'm asking because I'm not sure if carryovers only apply to amounts over $3000. My loss was $200 in total.

Thanks.

2007-03-28 10:08:13 · 4 answers · asked by Vacation hungry 2

My husband's social security income was about $6000, and I had about $27 000 income. Cam I claim him as a dependent? How should I file, Married, filing separately? Married, filed jointly? Or single, and claim him as dependent?

Thanks for your answers.

2007-03-28 10:06:13 · 9 answers · asked by melinda1351 1

I sold my home and bought a different home last year. My Realtor rebated several thousand dollars of his commission back to me on the purchase transaction.
My normal income is just a pension and my spouse and I both receive Social Security. My tax man says I do not normally have to file and haven't for a couple years now.
I am being told that I have to file this year due to that Realtor rebate and that I will have to pay self employment tax on the rebate amount received.
Another tax man told me that it was not earned income (I didn't do anything for it - it was just a way of the Realtor discounting his fees) and that I did not have to pay self employment tax.
What is the right answer?
Does it matter what kind of 1099 is issued?
Where do I go for reliable answers.......?
PLEASE HELP!!

2007-03-28 09:47:59 · 4 answers · asked by jd4iam 1

2007-03-28 09:42:06 · 16 answers · asked by creditease 3

I am kind of confused regarding my tax preparations. I am aware of some tax consultants who might be able to get me more money than some of free/paid online tax softwares.

When I spoke to them then they are indicating that there are some exceptions in my case which might not be included in tax preparation software.

I am wondering if some of these are not accepted by IRA who will be liable for the mistake/extra money that I might get in refunds. Does this comes back to me because I hired the tax consultant or the responsibility will fall on consultant since he is the expert. Please advise.

Thanks

2007-03-28 09:39:32 · 8 answers · asked by timepasse 2

Whats a good software besides Turbo Tax for filing taxes .
Software should be:
Inexpensive
Able to file taxes for different states if the person has moved.
Handle investments (Stocks)

2007-03-28 09:36:53 · 5 answers · asked by Leo 2

I received an email that said the following. ..
Is it true? Comments?

Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program He promised:

1.) That participation in the Program would be completely voluntary,
2.) That the participants would only have to pay 1% of the first $1,400 of
their annual incomes into the Program,
3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year,
4.) That the money the participants put into the independent "Trust Fund" rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other Government program, and,
5.) That the annuity payments to the retirees would never be taxed as income.

2007-03-28 09:34:47 · 4 answers · asked by Greywolf 6

2007-03-28 09:29:18 · 3 answers · asked by sparkle 1

i need to cash a 401 k refund check no banks in my area will cash it without a checking account i'm in the saratoga ny area can anybody help please

2007-03-28 08:43:10 · 3 answers · asked by Anonymous

Is it $40.00 each year ($120.00) since 2003 or is it $40.00 Total? Can you file an ammendment if you have already filed taxes?

2007-03-28 08:21:14 · 6 answers · asked by B*Family 4

A friend made alot more money this year and her husband received his SSI of $14,000 dollars(backpay), which they have to claim 85% of and she made around $134-50000 herself. They have very little write offs and she is really worried as they are still paying last years taxes. She paid in $18,000 federal and I forgot how much she paid in state. Any info would be appreciated.

2007-03-28 08:21:04 · 3 answers · asked by Missymoo 2

You own the corporation and use the truck payments and gas on the corporation for a tax deduction, then you also use the mileage on that same truck for your own personal tax deduction.

2007-03-28 08:18:38 · 5 answers · asked by Anonymous

2007-03-28 08:09:33 · 5 answers · asked by Hector F 2

I was getting a divorce last year and was wanting to know what status ti file under. The divorce wasnt final until January of this year. We were apart almost the whole year. Should I file single or Married filing separately. Please let me know. Thanks.

2007-03-28 08:06:30 · 6 answers · asked by Anonymous

One last quick question when the IRS does issue you a refund and its a check do they mail it out on Fridays like direct deposit?

2007-03-28 07:46:29 · 3 answers · asked by sonia o 1

A friend of mine said that her and her husband do it and are able to cover the second payment due for the real estate taxes. If this is so then how do you go about doing it?

2007-03-28 07:44:08 · 2 answers · asked by Hemi 2

I have been waiting since Jan 18,07 for my refund i know others were getting code 1121 or 1201 on the IRS web site about thier refunds, is there anyone out there still waiting or has everyone gotten there refunds or any answers??

2007-03-28 06:48:39 · 8 answers · asked by sonia o 1

Please ans my questions.
=If we pay college tution from our savings,do we get tax benefit for it?

=If we get a personal loan,do we get tax returns for the amt paid in the intrest?

=Where can i get more information about things to keep in mind before filing tax, if i plan to take loans and start college this yr.

2007-03-28 06:33:11 · 4 answers · asked by drdu 1

Can anyone tell me how I can get around filing a 1099 misc form? Is there anything else I can file as a contractor?

2007-03-28 06:25:23 · 4 answers · asked by David W 1

My son is considering forming an LLC to purchase a percentage of the company he currently works for. He will own a portion of the company and receive profits commensuate with his ownership. The make this purchase possible, I am considering making a large loan to his LLC. If the LLC elects to be taxed as a corporation, are the payments of interest and principal of the loan expensed against the 'profits' he will receive from his partial ownership. Can remaining profit or a portion of the profit be retained by the LLC and taxed at a lower corporate rate? We're trying to structure this purchase in a way to minimize income tax due while the capitalization loan is being paid off. Any help will be greatly appreciated.

2007-03-28 05:27:41 · 4 answers · asked by mainlandd 1