United States - April 2007

Media was deluged yesterday with FAIR TAX, and it made me wonder...could this be a clever way to track ALL financial activity, AND require the National ID in order to eliminate cheating?

Is the IRS a beautiful thing after all, as it gives us 364 days of freedom and privacy?

2007-04-12 05:34:51 · 6 answers · asked by Anonymous

2007-04-12 05:28:54 · 6 answers · asked by lolac 2

I left my real job to work for me and my husbands business. I elected to take the Cobra from my previous job at about $450 per month. I can deduct this?

2007-04-12 05:15:01 · 3 answers · asked by FreakyGeeky 3

2007-04-12 05:12:08 · 9 answers · asked by Laura S 1

2007-04-12 05:07:35 · 2 answers · asked by Anonymous

last year this couple filed together joint received tax refund and now this year found out they were overpaid. Spouse has set up arrangements with IRS to pay back but how can the debt now be split down the middle for the both of them since only seperated but living in two different states.

2007-04-12 04:59:30 · 2 answers · asked by glo 1

We had "employees" last year for the first time. We never really defined if they were self employed or independent contractors. Anyway, if I report that I paid them money, then I was supposed to send a W2, right? Well I did not send a W2 so do I now just exclude that money from my expenses?

2007-04-12 04:55:20 · 2 answers · asked by FreakyGeeky 3

2007-04-12 04:24:44 · 1 answers · asked by dee 1

2007-04-12 04:20:35 · 4 answers · asked by cjray4 3

know how much money to put away each month for taxes? Also, why would an employer offer me 20K more per year in salary if I become a 1099 employee?

2007-04-12 03:05:37 · 7 answers · asked by Anonymous

I already have a first morgage and that interest was deducted, but can I deduct the interest from a second mortgage also?

2007-04-12 02:56:19 · 4 answers · asked by Brett C 4

My 2nd job has me on a 1099. And i am on a W2 with my full time job. And this is my first year with a 1099.

2007-04-12 02:55:59 · 3 answers · asked by CAR 2

With all the new technology there has to be something... i think

2007-04-12 02:49:23 · 3 answers · asked by its_that_guy 2

if I start a business under as a sole proprieter, will I need a fed & state tax id # or just a soc sec # ?

2007-04-12 02:16:49 · 5 answers · asked by trekkie706 6

I filed my taxes about a month ago, and have recently received my refund check. I claimed myself, because my parents said they couldn't. I lived with them for six months last year, before I moved out on my own for the first time. I asked them before I filed my taxes and they told me to claim myself. So I did. But now they're doing their taxes and have found out that they CAN claim me, because it was a little over half a year that I lived with them. They want me to ammend my tax return so that they can get the tax break. But I'm going to have to pay back some of my refund if I do that. What should I do? I moved out becuase things weren't the best between us, and my dad's been mad at me for a long time. But now he wants my help to save them money....but I'm going to lose money in the process (I need it for school and my wedding). What would you do? Do you have any advice?

2007-04-12 01:44:02 · 11 answers · asked by Anonymous

2007-04-12 01:34:00 · 3 answers · asked by Chanthol T 1

I was expecting a refund, but never got it. Is there something I need to do before or while filing my 2006 taxes?

2007-04-12 01:31:34 · 5 answers · asked by Abby06 2

My brother in law said that he didn't get his federal refund and wanted to know why he wouldn't get one. Is the above reasons the only reason the federal goverment would offset the refund?

2007-04-12 01:19:35 · 3 answers · asked by whistlebritches_17 1

I have a joint bank account with a relative. We file income taxes separately. Can either of us take the full amount of interest earnings and report it as income or do we have to split the interest income 50/50 and report it as such?

2007-04-12 00:47:24 · 5 answers · asked by just_curious 1

I made about $2999 and some change...$231.3 was taken out of my checks in taxes total...will i have to pay taxes or should i get a refund???

2007-04-11 22:34:05 · 3 answers · asked by lissapony 2

2007-04-11 22:23:36 · 6 answers · asked by Okole 2

How do I report this expense in my tax return, I did not make that much mony last year, but I need to pay my foreign business partner for 30% of my profit because it is our agreement. And I am self employ doing importing and exporting. Do i report this as commission expense or some kind of profit sharing?? Please help me in what schedule?? Is it Legal??

2007-04-11 21:56:17 · 3 answers · asked by maryapple 2

I am a military spouse and homemaker

2007-04-11 21:55:30 · 3 answers · asked by angela_zamora2001 1

I cannot find in the instructions what to enclose to the 1040 form to the IRS in addition to my w-2 stub ?
Thanks all !!!

2007-04-11 21:44:57 · 3 answers · asked by Anonymous

It's weired and funny to some extent....

2007-04-11 20:02:22 · 6 answers · asked by Lover23 1

I worked the first half of 2006 as an independent contractor, but switched jobs in September and have a W2. I know that i'm supposed to report the self-employed income on 1040, schedule C, but am also supposed to fill out 1040 for my W2 job.

How do I combine the two for all of 2006? Is there anything special I need to do? Any other forms?

Thanks!

2007-04-11 19:47:22 · 4 answers · asked by annabanana4883 3

Does the IRS need a copy of my 1099-MISC (that I used to claim nonemployee compensation)? I couldn't see anywhere that it asked me to enclose it with my tax return.

2007-04-11 19:24:10 · 1 answers · asked by city_savvy 2

got it in 1997 sold it last year

2007-04-11 19:22:25 · 3 answers · asked by johnnysheetrock@sbcglobal.net 1

2007-04-11 19:05:25 · 4 answers · asked by Anonymous

I exercised hoping to start the clock for one year to get long term capital gains, but now fear a hefty AMT tax for 2006. Do I owe that if I never sold anything?

2007-04-11 18:20:05 · 3 answers · asked by seve 1