United States - April 2007

This year I filed my taxes with TurboTax. As a result, Intuit charged me electronic filing fees, so did the company that handled my tax payment to the IRS. Then there's the payment to the IRS itself.

Of these three, which can I deduct for next year's return?

2007-04-13 12:55:55 · 4 answers · asked by The Light™ 4

I am a California resident. Do I entere the amount on Schedule A as well as Schedule E? Turbo tax ask me for the amount in both location. However, at the end, it seems that the total mortgage interest is higher than the amount received on my 1098.

I have a four-plex and I live in one of the units. For instance, if I paid interest of $20,000 for the year, do I report only $15,000 on Schedule E and report the $5,000 on Schedule A? Should I entered $20,000 on both questions for Turbo Tax to calculater the income for rental property as well as the 'credit' section for Turbo tax?

Please help me out with this? Is this also applicable for the property taxes paid during the year?

I appreciate your advice.

2007-04-13 12:45:31 · 3 answers · asked by LAD 2

checking account, the bank is Regions if that helps.

2007-04-13 12:41:15 · 9 answers · asked by topher4193 2

My friend doesn't have enough $$ to pay her taxes--she has only about half of what she owes.

If not too late, what should she do? What form(s) does she need?...(NEW JERSEY).

Thanx. Best answer = 10 points.

2007-04-13 12:41:11 · 4 answers · asked by Anonymous

2007-04-13 12:33:08 · 3 answers · asked by vintagehound 1

how can i file my state taxes if i dont have my pin or last years papers

2007-04-13 12:24:06 · 4 answers · asked by SEXY Bitch 2

2007-04-13 12:12:13 · 2 answers · asked by greg f 2

If you are self-employed and use a Schedule C, then you may ADD up ALL you medical expenses (chiropractic , dentist , optometry , health insurance premiums, any indemnity plans (AFLAC, Family Heritage, etc. premiums), your co-pays, deductibles, prescriptions drugs, and over the counter if you put the date and what it was specifically used for. EXAMPLE.
Say you have 4000/yr in premiums, your deductible was 7500, your co-pays were 20 per time. Your prescriptions were 750 and 175 in overthecounter meds. SO 4000 + 7500 + 200 in co-pays + 925 in prescription and overthecounter meds + 1800 in AFLAC + 20,000 dental bill + 600 in chiropractic bills = 35,025 ou now take what sales % tx bracket you're in + your state taxes % if any + 15.3% of SS taxes you owe since you're self employed. Say you live in AR
15% + 7.5% +15.3% = 37.8% x 35,025 =
13,239.45 IN TAX WRITE OFFS..If you use Schedule F - line 17 It's called an Association 105, it's legal, by the IRS since the 50's - ask your CPA

2007-04-13 12:04:12 · 5 answers · asked by Tracey C 1

If I win $10,000 from a state lottery and I have $10,000 in loseing scratch off tickets can I reduce the taxes I have to pay on my winnings to nill?

2007-04-13 12:01:27 · 7 answers · asked by specdro 2

My friend doesn't have enough $ to pay her taxes--she has about half of what she owes.

If not too late, what form(s) does she need? (State of NJ).

Thank you. Best answer gets 10 pts.

2007-04-13 11:48:58 · 4 answers · asked by Anonymous

Does anyone know the percentage they use for the Federal Income tax withheld box?

2007-04-13 11:24:11 · 3 answers · asked by diharpie 2

I read somewhere that being a student can be a deduction, or something like that. How can that help me financially, and what tax form do I use for that, and what do I do?
I hope someone can understand what I'm trying to say. lol

2007-04-13 11:19:48 · 5 answers · asked by Tony 6

2007-04-13 11:11:54 · 3 answers · asked by Anonymous

What tax software do you use, if any?

2007-04-13 11:09:59 · 13 answers · asked by Tony 6

I have an adult non relative living in my household for the entire tax yr of 2006. They have no income. Can I claim them as a dependant?

Can you supply a website to verify any positive information you provide?

Thank you so much for your help!

2007-04-13 10:57:55 · 6 answers · asked by junie b 1

You can be just a regular average person and do someone's taxes and have them pay you right? Because there is a section on the tax form where it ask if you are self employed. I am not self employed per say, i work for a living. Are there any restrictions to preparing someone's taxes?

2007-04-13 10:56:00 · 4 answers · asked by byrdman26 1

Even if elegible for other deductions, like under India Tax Treaty, it's not needed to go through all that since you'll get a full refund of taxes paid anyways..correct?

2007-04-13 10:54:05 · 3 answers · asked by Freaked out 3

...that with the Fair Tax in the US you would get a "rebate" check EVERY MONTH instead of just once a year? ...that you would not have to file taxes at all?

Think how much better off we'd be with the IRS completely gone...unless you are an accountant or a tax evader or here illegally.

Your thoughts?

2007-04-13 10:45:00 · 5 answers · asked by Anonymous

(A range would be fine).

2007-04-13 10:43:08 · 3 answers · asked by Gretta 3

Okay i am a newbie! And i want to get started what do you need and what do you do next. And what edited? Please

2007-04-13 10:36:15 · 4 answers · asked by Anonymous

I have been living in MA all year as a student and have no income from RI, only MA income. However, I continue to use my parent's RI address as a permanent address, including on my Federal 1040 form. I have no intention to return to RI after graduation so I do not consider myself domiciled there. Do I still have to fill out a RI state tax return? Thanks in advance for any answers.

2007-04-13 10:19:08 · 2 answers · asked by pharaoh 1

2007-04-13 10:18:29 · 4 answers · asked by chica 1

I just found out that somebody filed a tax return with my ssn under my name. Who should I go to put a stop to this??

2007-04-13 10:17:39 · 3 answers · asked by adnan_jiwani1 1

I have been in a payment plan with the IRS for 4 years, during that time I have accrued a lot of interest. I am wondering if any of that is deductible when I file subsequent years or amend the years previous.

2007-04-13 10:06:28 · 3 answers · asked by David D 1

First Time Tax doer..

2007-04-13 10:06:03 · 3 answers · asked by Anonymous

where do I get forms and what forms would I need to get?

2007-04-13 10:05:50 · 3 answers · asked by squeezycook 1

2007-04-13 09:21:34 · 6 answers · asked by j1d4m 1

Ok, last year I won on 2 slot machines at a casino. I received 2 seperate W-2g forms. I they both total, say $2700.00. I lost one of the w-2 G forms. I had been calling the casino to see if I could get a replacement, but to no avail. So I went on and filed the return and put 2900.00 as reported gambling winnings using all of the info on the one W-2 g form that I had. ( I learned that understating income is a NO-NO...) Does anyone know if I will trigger an audited for doing this even though I listed more winnings than I actually won? I was simply trying to not have the IRS on my butt. Any comments would be appreciated, especially those who really know the deal. THANKS.

2007-04-13 09:18:04 · 5 answers · asked by Anonymous

They already pay something like 25-35% of their salary to tax, plus they make more in interest, dividends, investments, etc. that they get taxed on, they have a bigger house so their local taxes are higher, they spend more so they pay more tax that way, right? Isnt there more tax on a Mercedes than a Kia? I understand they make a ton of money but it isnt fair. They already pay a higher percent to taxes, right? And a higher overall amount to taxes, right? What else do you want. What if all the people that made 30k a year wanted to tax the people who make 55k a year. Hey they make more than me so kill them with taxes. Rich people are already paying a much higher percent of their income to tax. I dont see this as a solution to any problem. No matter how much you give the government its not enough. The only way to fix the gov. financially will be to get honest politicians, o wait they dont exist lol,and cut wasteful spending

2007-04-13 09:04:52 · 11 answers · asked by mmmmmmm 3

2007-04-13 08:58:24 · 3 answers · asked by mudd 1