United States - May 2007

2007-05-15 16:57:11 · 6 answers · asked by avp071 4

Say you won a car or 200,000. dollars what do you have to pay in fees or taxes and would this really screw up your Tax return for that year?

2007-05-15 15:53:05 · 5 answers · asked by Robert D 2

I filed my return on a MFJ basis & realized i am getting a good refund. But, just yesterday when i checked with IRS they said the return is rejected and said they dont know what the reason is (I filed my return on Mar 21st 07 and its already May 17th). They said the reason for rejecting would be sent in a letter by IRS. Can anyone please tell me how much time will it take for the letter to arrive and what should i do after that. What are the common reasons for a "married filing jointly" return to get rejected?

2007-05-15 14:43:42 · 6 answers · asked by joo m 1

canyou file 2003 2004 2005 now and get a refund without getting penilized

2007-05-15 14:34:04 · 4 answers · asked by dawn b 1

Does a 501(c)(3) organization have to distribute their donations each year or can it retain the funds in order to make a large contribution in future years

2007-05-15 14:30:31 · 2 answers · asked by charity77 1

2007-05-15 13:05:12 · 5 answers · asked by favbansing 1

I am an individual and do not own a company - can I or should I issue a 1099 to a contractor or handyman who does work on my home? If so, what would be the advantage? If not required, how will the IRS respond to the 1099 if I submitted one?

2007-05-15 12:51:02 · 6 answers · asked by pdxlioness 1

2007-05-15 12:49:06 · 2 answers · asked by Garfs 1

2007-05-15 12:39:44 · 2 answers · asked by Dorita 1

my baby is due in July 2007. I havent been able to work because im pregnant, but i have recieved cash assistance from welfare. Will I still be able to get money back for my child when i file my taxes next year? And how much is it for one child. thanks

2007-05-15 12:28:42 · 8 answers · asked by Anonymous

I have to fill out an injured spouse form for the IRS, and have many many questions about it, the IRS wont give me any help with returning my calls, hopefully someone can help.
thanks.

2007-05-15 12:07:57 · 3 answers · asked by Anonymous

I used my debit card in a restaurant. They explained they only had ATM, wrung up at the register in $20.00 increments and there was a $1.00 fee. I agreed. Later I noticed on the receipt that they charged sales tax on the fee too. (My bank also charged me a fee of a few dollars.) I realize it's only 8 cents but it just seems wrong. We've never gone back.

2007-05-15 12:03:45 · 3 answers · asked by muggledeb 1

2007-05-15 11:36:20 · 3 answers · asked by Tim 5

SS disability took 3 years to approve my claim. Then they sent a lump sum that with the remaining monthly payments will exceed anything I ever made in 1 yr. How do I avoid paying excessive income taxes on money that's already been taxed at least twice over? Can I income average this over the 3 yrs it took SS to finally pay me? Some of this has to repay loans I had to make to live while SS was stalling.

2007-05-15 11:25:59 · 5 answers · asked by Anonymous

2007-05-15 10:42:39 · 3 answers · asked by ricaydulce669 1

2007-05-15 10:37:04 · 6 answers · asked by tina82054 2

Please advice.. Thanks !

2007-05-15 09:41:48 · 3 answers · asked by Marino 3

I bought a few incentive options from my company in 2005. Every time I asked my accountant about AMT, the answer was that because I purchased them at their fair market value at the time, I did not have to pay AMT. Now, the options are likely worth more, though the company is still private. I still don't have to pay AMT, right? I tried to read on the IRS web site, it is confusing.

2007-05-15 09:36:56 · 2 answers · asked by Nick 1

2007-05-15 07:53:35 · 3 answers · asked by jfkinlagunabeach 1

I am an LLC, and filed taxes as a corporation this year. However, I did not file form 8832 (because I didnt know I had to until now)--so now the IRS is saying to show proof of the form in order to be able to file my taxes (which I do not have) otherwise I cannot file as a corporation. My dilemma is, since business taxes have been due for the last 2 months, what do I do now? Do I send a late schedule C? I filed as no income for the year (since it was my first year). Can I file form 8832 for next year so I can start filing as a corporation? I need to know what to do. Thanks!!

2007-05-15 07:52:48 · 10 answers · asked by luckymagicdog 2

Or nickels, dimes, etc.?

I have a five figure tax bill coming up and I'd love nothing more than to dump a truckload of pennies in the IRS lobby.

2007-05-15 07:05:02 · 11 answers · asked by Izzy F 4

I was quoted at $125.00 to have a simple tax return filed...is this a fair estimate..is it too high or too low?

2007-05-15 05:59:25 · 4 answers · asked by Anonymous

North Carolina DMV license plate receipt "highway use tax" deductible on federal individual income tax return? (as a tax, not a business expense)

2007-05-15 05:57:06 · 2 answers · asked by umbertod 1

When my wife and I beame engaged in March 2007, I gave her a valuable ring. We had our wedding in early May 2007 and I gave her some money so that she could have her own bank account. I was wondering if I had to pay gift tax for any of the above?

2007-05-15 05:10:09 · 3 answers · asked by Mike 1

What forms do I need, what website has the specifics?

2007-05-15 04:39:12 · 4 answers · asked by Anonymous

Is it because it would put accountants and tax services out of private business.

2007-05-15 03:54:53 · 3 answers · asked by World Peace Now 3

2007-05-15 03:21:03 · 6 answers · asked by Anonymous

I sometimes buy goods from online retail stores to resell them. I was wondering, when they sells, if it's possible to not pay the sales tax for those particular items since I paid for them already? Or is it possible to ask the retail store to waive the sales tax by sending in my seller's permit? (although I'm most definite they won't) Or lastly, can I ship them to a friend of mine in a different (pretty rural) state where many online merchants don't charge taxes for?

2007-05-15 03:02:26 · 7 answers · asked by Anonymous

Can I claim both, the FSA and the Child Care credit?
If the max on the FSA is $5,000 and the mak (with one child) is $3,000, but my child care expenses are well over $9,000; will I be able to get both tax credits? Or choose betweeon one or the other? It should be noted that out house hold combined income will only allow for the 20% deduction on the Child Care credit.

2007-05-15 02:50:35 · 2 answers · asked by rib 2

2007-05-15 02:36:36 · 9 answers · asked by Anonymous