United States - December 2007

i.e. if I paid my 2007 property taxes in January of 2008 because I forgot, can I still deduct them off my 2007 1040 or would it be my 2008?

2007-12-31 18:55:03 · 5 answers · asked by l0pher 1

Hi
I know the PELL grant is meant for educational expenses to be considered tax free money. I used $2100 of my pell grant to pay for a used car. I know i will have to declare it and pay taxes on it.

But can i use my PELL grant to pay for the HR block fee, state and fedral taxes.

If i do that, i'll just declare the amount paid on my 2008 return.

Is that legal?

2007-12-31 18:02:28 · 2 answers · asked by Aditya G 1

im also made less than 10,000 this year.

2007-12-31 17:22:08 · 8 answers · asked by JoJo 1

2007-12-31 16:16:58 · 6 answers · asked by ewh1953 2

ok i want to give my grandchild $120,000 but i dont want to pay the gift tax (who does?)

is this legal: can 10 of my familiy members plus my grandchild and me go to a bank where i give each of the 10 a check for $12,000. then they turn around and sign the check over to my grand child. now we all avoid the gift tax.

i know the spirit of the law. and this is kind of an abuse of the "letter of the law", but the letter of the law seems to alow for this. will I (we) get in trouble?

2007-12-31 15:46:38 · 5 answers · asked by viajero_intergalactico 6

2007-12-31 15:13:40 · 4 answers · asked by Lisa 1

Hello, I am married and my plan is to file my income taxes "married filing jointly" can I legally claim my wife as a dependent along with my child? (for a total of 2 dependents)?

Thanks to all

2007-12-31 15:02:54 · 4 answers · asked by 94SR5 1

Please if you have tried it post or pm me, but if you haven't tried it please don't respond. I don't want people responding saying it works/its a scam etc. if you haven't tried it.

2007-12-31 15:02:47 · 3 answers · asked by HCOcowgirl 2

I was wondering if anyone knew what kind of return ill be looking at? im gonna be 1099 this year and ive made about 10,000 Dollars I have 2 kids and plan on claiming them.

2007-12-31 15:01:02 · 6 answers · asked by Anonymous

when you buy your first home and claim the interest on taxes.. how does this work and do you get a % back on your taxes

2007-12-31 15:00:34 · 8 answers · asked by Andrew R 1

I file single and only made $18,409 this year. I paid $1217 in withholding. So why is my tax return only $157? This woman I work with has like 7 kids and gets a lovely check over $9000 from the IRS, ridiculous! Is she getting my money or what?

2007-12-31 14:56:57 · 10 answers · asked by Cortney B 2

How much more money will i see on my tax return?...We have paid 10.000 in interest. I normaly get 2200 back

2007-12-31 14:08:59 · 3 answers · asked by mik d 1

2007-12-31 13:31:53 · 7 answers · asked by Christopher V 1

I've been living and working abroad for a number of years but am planning to return to work in the US. I'm trying to figure out if I will be able to live on a teacher's salary. They are so low that every dollar counts. I've determined that if social security (teacher retirement) is withheld before income tax is figured, there is a difference of around $100 a month in take-home. But I can't remember how it works.

Is the federal income tax withheld first, then social security? Or are they both determined based on the gross salary? What about state income tax? Is it based on gross or net after federal and social security?


Thanks.

2007-12-31 13:07:41 · 6 answers · asked by tianjingabi 5

2007-12-31 13:02:35 · 2 answers · asked by Terry F 2

listed a few since I had a loss and could only claim up to $3K

My question is if I re-file with a 1040X real soon rectifying the missing stock trades - will I still get in trouble with the IRS?

2007-12-31 13:01:15 · 5 answers · asked by Anonymous

I will prob. claim pretty much using a W4 for the main income, if that helps.

2007-12-31 12:50:18 · 3 answers · asked by pharmacy mama 2

2007-12-31 12:24:10 · 7 answers · asked by Pepe 1

Hi
I just got a Pell Grant for $4000. I also got what the college calls a Board of Governors Waiver(BOGW). So when i register for classes, i pay no registration costs(because of the BOGW). There are some costs i do pay like Student Associations fees, etc etc, which are about $40 - $50 per quarter and the cost of books.
However, i use the money for the PELL Grant to pay for the above expenses.

Am, i still eligible for the HOPE credit when i file my taxes even though i paid money that i got from the PELL Gran

2007-12-31 12:08:58 · 3 answers · asked by Aditya G 1

ok so i found out they take it from my check so lets say i tell them 500$ and if i divide that by how many pay periods is that how much per check they will take? also how do i access the account ? or i just keep reciepts untill it equals the amt ? serious answers please thnx

2007-12-31 11:47:09 · 1 answers · asked by dee G 1

2007-12-31 11:27:08 · 2 answers · asked by patricia j 1

Instead of having all the paper receipts which are easy to lose

2007-12-31 11:23:15 · 4 answers · asked by studog456 1

I cashed out $20k from an IRA into which I rolled over some money to pay for medical expenses. I figured I will pay around $3k . Is there a way to pay back in 3 monthly payments? I dont have all the money at once. Do I need to use an attorney or professional services to get this done?

2007-12-31 11:19:07 · 6 answers · asked by DREAMWEAVER 2

2007-12-31 10:58:49 · 2 answers · asked by m m 3

2007-12-31 10:57:25 · 3 answers · asked by Anonymous

I am not looking for the answers to my work, I am just trying to figure out how to do my work. If you have murchandise inventory beginning and murchandise purchases and ending inventory how do you figure out what your purchases are and what the ending inventory is? It tells the sales as well.

2007-12-31 10:39:52 · 4 answers · asked by heather 2

back for my income tax

2007-12-31 10:35:49 · 3 answers · asked by Anonymous

Returns that include the following forms cannot be filed until Feb. 11, 2008:
Schedule 2, Form 1040A, Child and Dependent Care Expenses for Form 1040A Filers.


this is off of the irs web site , it does not state that form 2441Child and Dependent Care Expenses for 1040 tax filers will be delayed ., so my question is if i file a 1040 rather than a 1040a along with form 2441 will their be a delay.

2007-12-31 10:22:53 · 1 answers · asked by tiredmomof3 2

I tried to do my online taxes and it says I need a 2210 form and taxes for 1997 and 1998, how do I get those w2s I don't even remember where I was working than

2007-12-31 10:16:14 · 4 answers · asked by taraearth 1

Or can she file her own taxes even though she has not worked all year and get a tax credi?

2007-12-31 10:00:54 · 7 answers · asked by catman1016 2