United States - May 2007

2007-05-11 15:09:08 · 4 answers · asked by sara0152236 2

2007-05-11 14:58:00 · 2 answers · asked by Michael A 1

This is because I did not report my stock trades for year 2005.
Now IRS sent me an error report saying that I did not report my sale of stocks.

I bought few stocks in Dec 2005 but sold them in the beginning of 2006.

Which trades should I include in my return for 2005?

Should I include the sale of stocks in 2006 which I bought in 2005?
If not how do I report those stocks?

Please help!!!

2007-05-11 14:56:12 · 6 answers · asked by It's me 1

I'm single, I have no children, rent an apartment and I will be starting a full time time job in Sept. I will be making 36,600 a year. I was told I can claim up to 2 allowances;however I do not want pay back taxes next spring. How do I determine if I would?

Thank you!!

2007-05-11 14:26:57 · 3 answers · asked by ? 4

let's say, I am able to turn 2k - 150k in 1 year through daytrading. How much of that goes to taxes?

2007-05-11 13:28:25 · 5 answers · asked by lucstudent 3

I have been asked to work temporarily for 3 months while someone takes a leave of absence. I presently receive unemployment benefits. working for this company, I will be getting paid without being on payroll and therefore will receive a 1099 to file taxes since I will be paid straight out. How does this effect my unemployment benefits and what steps do I need to take to inform (if i have to) EDD of my temp position?

Thanks in Advance

2007-05-11 13:18:02 · 4 answers · asked by ::Wife & New Mommy:: 1

should i be worried?

2007-05-11 11:59:37 · 4 answers · asked by Anonymous

2007-05-11 11:15:59 · 3 answers · asked by runner1 6

I have been accepted to a master's program at an ivy league university - a dream come true, but I do not want to be burdened with more student loans. Should I withdraw my pension - 20,000 to cover costs? Will this be tax free b/c its for school?
Thanks

2007-05-11 08:09:55 · 8 answers · asked by Anonymous

2007-05-11 08:04:48 · 5 answers · asked by madcityd0623 3

I just got a new job and had a baby. I go back to work Monday and I am now taking a bus to get to the city 2.25 each way so 4.50 a day and I pay 675 a month for childcare 4 days a week.

Can you write these things off in your taxes so it is like money you never made. Example if I pay 1200 a year for the bus ride is it like I made 30,000 instead of 31,200 if that is the situation. And the same thing for the daycare, can you write it off so it is like i made 20,000 instead of 30,000 if I paid 10,000 for a year of daycare? I get a receipt for daycare but not for the bus? Thank you any help is greatly appreciated.

At work they have this account where they can take money out and pay your daycare and it is like money you never made but it is complicated and if you don't use it you lose it and I would just rather do it in my taxes if possible if it is the same scenio.

Thanks

2007-05-11 07:21:47 · 4 answers · asked by Anonymous

Assume $4k is the yearly max per the IRS. I am just curious if I can put the max in EACH plan or just in total. Thanks!

2007-05-11 07:10:20 · 5 answers · asked by Thomas B 1

pay frequency- from weekly to bi-monthly.

2007-05-11 06:57:02 · 6 answers · asked by objection21 2

2007-05-11 06:55:18 · 5 answers · asked by Anonymous

I have a substantial amount of $$ from an inheritance. I want to put a chunk of it towards my mortgage and reduce my monthly payment and not pay the bank so much interest. My wife thinks that we should not do this as we benefit from the interest on our taxes. I think for every dollar of interest we pay we only get 30 cents for a tax benefit. Who is correct?.

2007-05-11 06:27:16 · 6 answers · asked by Six2eyesblue 1

I have heard of corporate policies in place where a company will let their employees work (donate their time) at non-profits and will write the time off. I don't know if it is a tax write-off or just a good will gesture. Perhaps there is some other way to adjust their accounting numbers than allows them to deduct the employees time ($) somehow?

Thank you!

2007-05-11 05:54:10 · 7 answers · asked by nu11d3v 1

my income tax return was off like 7 cents,no joke..anyway..the state i live in wanted copy of my income tax return which is fine..so i sent them one
realizing i no longer have a personal copy..so i call the irs and request a transcript which is free..instead of a 39 dollar photo copy...anyway where is the difference between most transcripts and a photo copy?

2007-05-11 05:00:17 · 4 answers · asked by messyhair_45 2

2007-05-11 04:35:52 · 2 answers · asked by hrcmurphy 1

Recently I sold an antique for 12,000 that I had bought for my personal use in 2004 at a cost of 15,000.
In my 2007 tax return, can I treat the sale of the antqiue as a transaction resulting in long-term capital loss?

2007-05-11 04:19:27 · 5 answers · asked by Mike 1

Recently I sold out an antique that I had bought for personal use in 2004. I incurred a 3,500 loss due to the disposition. Is the loss a capital loss?

2007-05-11 04:12:03 · 4 answers · asked by Mike 1

2007-05-11 03:46:48 · 7 answers · asked by Benz 1

2007-05-11 03:08:25 · 3 answers · asked by Lisa B 1

Refund was delayed, got a letter that said wait three weeks and call. Called and was told to wait 45 more days for contact. Coming up on 45 days now and still nothing. I dont owe child support or anything like that. Single, college student. This is the first year I am using my Hope tax credit and I think this may be causing the delay. Ive called three times and whoever I talk to always tells me that there is nothing they can tell me about it. I told them if there is a mistake I want to take care of it. They tell me that there isnt necessarily any problem it was just pulled for a computer audit and that a computer audit is a common thing. So what can I do besides wait?

2007-05-11 02:20:23 · 4 answers · asked by ceverly27 1

does anyone know anything about this or how it works?

2007-05-11 02:05:48 · 3 answers · asked by jessica_6902 2

2007-05-10 21:21:21 · 3 answers · asked by mandy 3

I live in New York and contrary to news reports, the average price for 87% octane gas is $3.15 a gallon. It should be noted that New Jersey is on average 42 cents a gallon lower than New York. The news poses a question to it's readers:-
"How would you feel if gasoline was $4.00 a gallon? Isn't anyone going to do something to lower gas prices???? Let's hear from you all out there. What state do you live in and how much do you pay for Gas and how do you feel about it ? Enough Reaction may cause Action and the results could be forwarded to those officials that think they are running for office next term. No silly comments only people who answer the question. Thanks.......

2007-05-10 21:15:08 · 9 answers · asked by BELLE3 2

I wasn't going to flip it but I've found a much better area I wish to live in. I bought it last July 2007, for $501K, put $50K into it, it's worth maybe $580K now. Thank-you.

2007-05-10 20:42:23 · 5 answers · asked by SQD 2

I make about 50,000 a year. I will start paying back student loans toward the end of the year. Where can I go to find a place that will give me a good estimate on how much I would actually be paying in taxes next year. My husband and I would be filing jointly since he has no income for the year. I am trying to figure out the best way to fill out my W4 so that I can at least break even when it comes to tax time. Any help in the matter or a website that would give me the calculators or something would be greatly appreciated.

2007-05-10 19:56:01 · 3 answers · asked by Anonymous

Say if you provide a service to a company and in return they give you free hotel stays. They deduct the fair market value of the hotel room. Do you deduct the fair market value of the service you provided?

2007-05-10 17:22:14 · 3 answers · asked by D.D. W 3

Can someone give me more info? Or who to contact. I need to research for an Activist English paper regarding this issue. Thanks!

2007-05-10 15:08:47 · 8 answers · asked by OC Flip 1