United States - April 2007

My income is half from Social Security and half from the Department of Labor. Department of Labor is TAX FREE, and that make my Social Security under $15,000 a year, when I went to the Tax Prepairor, she told me my income was so low that I did not need to file Federal Tax. Was I told right and if not, how can I correct this problem without going to jail.

2007-04-15 01:57:46 · 8 answers · asked by gil3moj@yahoo.com 2

2007-04-15 01:42:25 · 10 answers · asked by buffalothomas1954 1

2007-04-15 01:22:11 · 8 answers · asked by Killa S 1

This year I heard you are able to mail it until monday since the last day of taxes ends on Sunday, is true? And if not what can happend if they are not mailed out by then?

2007-04-15 01:17:40 · 6 answers · asked by Anonymous

I am a private software/hardware contractor trying to save money on my taxes. I bought about $3000 worth of stuff on December 30 and 31st of 2006 so that I could write them off of my 2006 taxes. (With Section 179, I can deduct all $3000 off of 2006?) Is it a good idea to send in copies of these receipts with my tax filing just in case the IRS gets suspicious?

2007-04-15 01:06:34 · 9 answers · asked by John W 1

your taxes by Monday say you did it Friday what will happen?

2007-04-15 00:28:52 · 3 answers · asked by Anonymous

You might want to call and ask NASE's tax accountants about this. It doesn't suprise me I've gotten negative comments about this deduction. Most CPA's don't know about this. Or call the IRS about this yourselves. Just because you are a licensed CPA doesn't mean you know everything. You people can make mistakes - like the CPA at H&R Block last year who did my taxes! She's been a licensed CPA for over 25 years and still made a mistake. That's right "my people" screwed my taxes up last year. CPA's aren't perfect. Will somebody just call NASE and ask and see or hear for themselves. Every accountant I've enlightened with this information has reacted the same way until they saw or heard it for themselves. I'm not saying that you need to go out there blind-folded; but does it hurt to ask? There are certain criteria you must meet - just someone call. It's called an Association 105. Please, someone just do it and see what they say and then get on here and write what they say, please?

2007-04-14 22:31:24 · 2 answers · asked by Tracey C 1

my wife made 800 last year, and paid no fed taxes...this is our only income....we have two minor kids...should we file?.. if so how should she file?

2007-04-14 20:58:24 · 3 answers · asked by Anonymous

My wife, along with two other people, put on sports camps during the summer. At the present she gets paid with a check and gets a 1099-MISC after all profits and expenses are counted up at the end of the summer. We file a Schedule C and pay the SE tax and also have to put this all on our 1040. This essentially taxes the income at about 40-50%. If they were to form an LLC and essentially do everything else the same along with filing a Form 1065 and K-1's each year for the LLC are we able to just file with a 1040 and avoid the SE taxes?

2007-04-14 19:45:07 · 4 answers · asked by Anonymous

I filed a extension, but now i read that the extension is good for only 6 months.

2007-04-14 18:03:22 · 6 answers · asked by DONALD J 1

I'm sitting here doing my taxes for this and while going through my filing cabient I realized I never filed for my 2005 taxes, can I still claim them? And if so do I add it on to the form that I'm doing right now or would I have to do it seperatly?
Thanks!

2007-04-14 17:21:07 · 5 answers · asked by Drew 5

I have started as an independent contractor with a company. i wanted to check what all deductions will i be able to take off next year? i'm also making paymnets on my car but its against my line of credit issued by my bank. can i include those payments as deductions or is that not possible?
I am aware of mileage,office expenses,utilities percentage(as i'll be using one of my rooms as office space),meals deductions. If some one could let me what else i can deduct. will I be able to deduct all my car repairs and expenses as well?
Thanks :)

2007-04-14 17:01:45 · 4 answers · asked by 007 1

2007-04-14 16:53:44 · 3 answers · asked by sny 3

I would like to find the federal tax ID for an organization that I've paid fees to... If there was a cheap service online it would be more convenient for me to use it over the weekend rather than calling the company on Monday to obtain the Fed Tax ID myself.

Thank you,
-tk

2007-04-14 16:48:31 · 3 answers · asked by tkaloudis 1

I believe I do not need to pay california state tax for the income earned from massachusetts. However, california state tax form schedule 540 does not have a item to deduct out of state income from federal adjusted gross income. do you know how to file california state tax for income from other states?

2007-04-14 16:39:01 · 4 answers · asked by Canadian 1

when should u send tax return with checks/money order

2007-04-14 16:37:04 · 3 answers · asked by Lee S 2

My husband's father will be giving him a large sum of money before his death. We live in the U.S. How is the best way to receive the money? Will we be taxed in the U.S?

2007-04-14 16:25:37 · 2 answers · asked by debra l 2

My lovely naive daughter filed her taxes for the first time this year. I had told her I was going to do them for her, but she met a "helpful friend" that wanted to take her to a guy and so she decided to get them down with him, since I was procrastinating. Now I don't know what they talked about, but she had told the accountant about the possibility of her not even being able to get her taxes done seeing how, her and my daughter's socials have been screwed up (WHich We've been trying to fix for the last 5 yrs), and becuase of this she cant even recieve governement help for school, and so on. SHe also told him (which WAS true) how I had a problem claiming her sister becuase her social made her seem ALOT older than she really was. SO the accountant some how convinced her that he knew a way around that, and told her to file her own sister as her dependent. Now the fact that my daughter was so stupid to NOT see that this man was only looking for his cut, upsets me, but besides that....

2007-04-14 16:15:44 · 6 answers · asked by Anonymous

2007-04-14 16:10:32 · 6 answers · asked by seefourormore 1

2007-04-14 15:54:28 · 9 answers · asked by Austin R 2

I got my adjusted gross income equal to $4500. I checked Table 7 of Pub-501 & it says my standard deduction is $5150. In the next line, I am asked to subtract the latter from the former & this gives me a negative value for writing on line 12.

Is that ok, or is there some mistake?

2007-04-14 15:36:39 · 7 answers · asked by Anonymous

For example if I've made only about $3,500 and I'm a student do I absolutely need to file, or can I choose not to b/c my wages are so insignicant? Also is there a minimum amount of money designated for filing? Idk how to word that one, but I'm sure you can get the gist of what I'm asking.

2007-04-14 15:30:22 · 5 answers · asked by Rick R 5

2007-04-14 15:18:20 · 2 answers · asked by Tonya M 1

Is there an online site to get an extension for
my tax returns

2007-04-14 15:15:31 · 6 answers · asked by grandmommy 1

I was wondering also what tax software most CPA's use?

2007-04-14 15:00:09 · 2 answers · asked by Showstoppers 2

My mother cleans doctors' offices had has to fill out a schedule C. The milage between locations is deductable, but is the auto repair and maintenance deductable on the sched C?

2007-04-14 14:58:17 · 4 answers · asked by diamond_kursed 4

2007-04-14 14:56:44 · 4 answers · asked by Anonymous

Say I earned $1,000 on a side job and incurred $400 expenses. Do I pay Self employment tax on $1,000 or $600?

2007-04-14 14:48:07 · 3 answers · asked by Showstoppers 2

I'm filling out form 4868 to get an extension of time to file my taxes. I calculated my total tax liability for 2006 to be $15.43 (I barely made more than $8450). For line 5 "Total 2006 Payments", do I put the amount from "Fed. Income Tax Withheld" from my W-2 ($50.03)? If not, how can I calculate this figure? How much should i pay with my 4868? Thanks for your help!

2007-04-14 14:46:44 · 2 answers · asked by djz2k 1

I am the head of the household, support my wife & kids and have a regular job; we have two young children, my wife is filing a 1099 and made less than $2000.

2007-04-14 14:43:49 · 5 answers · asked by Few Find It 2