United States - September 2007

Okay, my children go to a religious elementary school which is a valid nonprofit organization.

I get a tuition discount from them.

Can I donate to the school and deduct the donation from my taxes? I know that I can't deduct tuition.

There is currently no agreement (written, oral, or even suggested) that a donation is any kind of compensation for my tuition discount.

My questions are:
1) Can I deduct the contribution?
2) Even if it is legal (or illegal) to deduct the contribution, what is the likelihood that the IRS would investigate myself or the school as a result of doing this?
3) Can I use my donations as a bargaining point for bigger tuition reductions in the future? Presumably, they would get more money if they lower my tuition and I donate more, due to tax deductibility.

-->Adam

2007-09-30 22:53:46 · 4 answers · asked by great_and_mighty_adam_levine 4

please someon halpe me and translate the documents for living and work in canada

2007-09-30 22:29:49 · 3 answers · asked by Anonymous

2007-09-30 21:02:36 · 7 answers · asked by dario n 1

2007-09-30 20:29:34 · 3 answers · asked by Brian C 2

I am a U.S. citizen working overseas and I take the Foreign Earned Income Exclusion. This leaves me with $0 taxable income. However, I would like to put my stock earnings into a tax free account. I have been told that I cannot put the money into an IRA. Are there any other options? My total stock earnings will not be more than $5000 in any given year.

2007-09-30 19:25:59 · 5 answers · asked by Anonymous

2007-09-30 19:00:50 · 6 answers · asked by Kristen S 1

http://phx.corporate-ir.net/phoenix.zhtml?c=97689&p=irol-newsArticle&ID=991112&highlight=

2007-09-30 17:55:11 · 3 answers · asked by KUMAR 1

Ok, so the rules changed and unless you are married then your boyfriend/fiance cannot claim your children, right? So, let's say we get married mid november, maybe december. When taxes roll around will he be able to claim my children then? Or does a certain amount of time have to pass after being married? And the children's father will NOT claim them. That's not a problem. Thanks for your help.

2007-09-30 17:42:40 · 5 answers · asked by kendra9_15_2005 2

2007-09-30 16:38:47 · 5 answers · asked by ? 2

2007-09-30 16:24:07 · 3 answers · asked by solamente_uno 1

I don't make a paycheck but I do have rental property that I receive income from each month.

2007-09-30 15:07:03 · 2 answers · asked by Eve M 1

If a Sam's Club membership is used to purchase items for your business, can you deduct the cost of the membership on your Form 1040 Schedule C?

2007-09-30 15:03:59 · 5 answers · asked by pyjamarama 2

how much taxes would be taken out of a 120,000$ a year.

2007-09-30 14:57:53 · 4 answers · asked by scorpion 2

i have 17.22 hours @ 6 dollars an hour which comes out to 103.32 and that is before taxes i was wondering what i would make after taxes i live in indiana if someone knows and can give me an exact answer or a rough estimate it would be greatly appreciated

2007-09-30 14:37:30 · 3 answers · asked by thomas m 2

I m single male with no dependents. Last year I grossed about 50k, plus about 10k more in rental income. Im starting a second job and I m thinking about claiming 2 on the tax form and changing my first jobs tax form to 2 as well.

I figure by claiming zero I m giving the gov. a tax free loan and if I claim 2 I d see more in my paychecks and get a tiny return if one at all. However I dont want to end up owing anything.

Does this make sense? Am I right or wrong?

2007-09-30 14:17:39 · 4 answers · asked by ezdoughboy 2

2007-09-30 13:46:51 · 1 answers · asked by Katie J 2

After the last annual calculations of your fiscal activity we have determined that you are eligible to receive a tax refund of $116.40. Please submit the tax refund request and allow us 6-9 days in order to process it.

A refund can be delayed for a variety of reasons. For example submitting invalid records or applying after the deadline.


To access the form for your tax refund, please:
Click Here


Thank you for your patience in this matter.

Regards, Internal Revenue Service

**************

Is this a real email? It came from refund@irs.gov I clicked the link and it showed... http://(my IP address).irs.gov It is asking for my SSN and I don't want to give it away if it is a scam.

2007-09-30 13:11:47 · 11 answers · asked by Anonymous

My wife is a registered nurse and works at a hospital in Missouri (on the State Line), but we live in Overland Park (Kansas). They take out Missouri income taxes, but not Kansas.
Will we have to claim income taxes in Missouri and Kansas? Isn't that illegal (double taxation)?
We will claim federal taxes in Kansas (state of residency), but we are concerned that we are going to pay 40% in taxes versus our normal 20% bracket. HELP!!!

2007-09-30 12:58:24 · 3 answers · asked by thebehm5 2

I changed jobs in the middle of last year. Between the two jobs, I earned substantially over the SS Tax max, but the second job clearly didn't know my total earnings for the year and kept taking out social security tax until the end of the year. I probably over paid SS Tax by about $1-2K. Is there anyway to get this money back? If so, how do I go about doing it?

All help is appreciated.

2007-09-30 12:23:04 · 4 answers · asked by Dr Oz 3

I had a babysitter who gave me an incorrect SS#. I am trying to sort this out so I can file the forms to the IRS. She told me that she was going to claim it under self-employment income but now I don't know if that's true b/c the SS# doesn't belong to her and I heard from the family who employed her before me that she was receiving social security and asked them to pay her in cash. I paid by check but now I don't know how to report this.

2007-09-30 11:32:48 · 5 answers · asked by Rachel T 1

if I formed a c-corporation last year but did absolutely nothing with it, do I need to file a return?

2007-09-30 10:00:18 · 2 answers · asked by one4ward 1

I'm looking to open a small business in the USA from Canada.

2007-09-30 08:13:41 · 5 answers · asked by cougarsthimble 1

2007-09-30 08:08:42 · 4 answers · asked by Anonymous

I have a first mortgage that is my home and a second that is a timeshare that I purchased. I recently purchased a boat and am wondering if I can write that off as well. Someone told me that I can only write off two mortgages. My question is whether or not I can write off the boat payments as well or is it just best that I pay it off and not pay the interest. Thanks for any help.

2007-09-30 07:28:42 · 3 answers · asked by Dragica 2

Could anyone tell me how much tax would be added to $ 1471.74 ...I live in New Mexico so tax in my state would be preferred

2007-09-30 07:07:10 · 2 answers · asked by The best thing 1

I was not aware that I needed to do this. The years in question are 2005, 2006. A non incorparated individual, who recieved in excess of 7500.00 for that time period.

2007-09-30 06:57:46 · 4 answers · asked by J L 1

I was told that,and need to know if its true or not,

2007-09-30 03:56:26 · 9 answers · asked by yeah!!! 3

I live in Portugal

I´m Portugal citizen

If i buy mutual funds by ameritrade, if i sale the fund do i need to pay any tax to U.S.A. TAX DEPARTMENT ??

(Im the stocks it´s 0% TAX)

Like the stocks cant i sale in the next week (after buy the funds)

Thanks

2007-09-30 02:29:39 · 2 answers · asked by antonioteixeira555 1

I am married and have 3 kids.

2007-09-30 02:26:33 · 6 answers · asked by stinkyhotdogs 3

Or is this something I can only do via itemized deductions?

2007-09-30 01:45:14 · 9 answers · asked by Anonymous