United States - December 2007

About 2 months ago I received a notice from the IRS stating that I may owe them $5000 due to my stock company reporting x and my employer reporting x. I was given 30 days to dispute the audit results. Well I sent in a Schedule D form to balance out the two but I have received a notice of deficiency from the IRS stating I still owe them $5000. The notice also states that I have until March to petition the the tax courts. I called the IRS and the rep did some recalculating and now says I owe $2000...but they havent received my Scheduled D form yet...I am going to resend my dispute....my question is if I file my taxes now will they be taken?

2007-12-31 04:06:16 · 4 answers · asked by Kute_N_Pretti 5

I am wondering what my tax return will approx. be, wondering if anyone out there is good at math and estimating.

I am married will be filing joint.
2 children
no expense for child care
made approx. $65,000 jointly
paid approx. $3000 to federal and $1200 to state
paid $3500 to medical expenses

If anyone can help that would be greatly appreciated...

2007-12-31 03:44:23 · 4 answers · asked by wermiller 2

How much can I use and do I incur a tax penalty for this? I am 61.5 years old.

2007-12-31 03:17:16 · 9 answers · asked by scott m 1

I am trying to get a est.on my tax refund using my last pay check stub.I am from indiana so is there a rate i can use and how do i get it

2007-12-31 03:04:21 · 1 answers · asked by whazupboys2004 1

To avoid having to pay taxes on what is in your savings and checking account?

2007-12-31 02:24:47 · 3 answers · asked by BlackRepublican 2

i get around 6-7 k back.. but i have a need for it now, can any one help?

2007-12-31 02:08:53 · 6 answers · asked by robert f 2

I intends to use TurboTax; I have no debt, no mortgage. I was investing 401K at company. Currently, I'm and living in TX. There are 2 softwares available in the market such as TurboTax Delux and TurboTax premier. TurboTax premier have employer investment which one is the best ?

2007-12-31 01:47:12 · 4 answers · asked by Bill 1

2007-12-31 00:57:26 · 6 answers · asked by Anonymous

I am in NY. I have a 10 month old baby, are there any credits/breaks I will receive since I have a child?

2007-12-31 00:33:24 · 4 answers · asked by J C 1

Well, I think the answer is yes, but does anyone know a quick calcuation to use our gross and what we have paid in to see if we should send a check postmarked today?

2007-12-31 00:27:08 · 8 answers · asked by Brenda P 5

My friend is very ill and has no income. She has lived with me for a few years. She cannot work and has just been put on disability. I have paid pretty much all her expenses. If this is possible what do I file under?

2007-12-31 00:22:05 · 6 answers · asked by Anonymous

Single Female Unemployed since 5/01/07 and Unemployment benefits 166.00 a week. Live in HUD housing.

2007-12-31 00:06:20 · 7 answers · asked by Delores C 1

2007-12-30 23:53:54 · 7 answers · asked by deviouschickenbutt 1

Having a tough time getting this information from past employers.....Shouldnt the state know?

2007-12-30 23:44:31 · 2 answers · asked by Olive Crayon 4

2007-12-30 23:35:22 · 3 answers · asked by ttkk301 1

2007-12-30 20:39:01 · 5 answers · asked by shine 1

I want my auto mileage to be reimbursed at the rate of 0.485 cent/miles but the actual gas expense is less than that.

2007-12-30 18:13:09 · 5 answers · asked by Leo 1

I am a foreign national and lived in Mexico when this happened after my layoff. I had to use the money for a surgery and other basic stuff cause I didnt have a job. If I have to pay taxes, how could I minimize the impact of the amount of taxes I have to pay the IRS?

2007-12-30 17:55:34 · 7 answers · asked by DREAMWEAVER 2

We have a daughter together and we desided we wanted her to raise our daughter and not someone else(daycare). So she has been off work for exactly a year at the end of this year. I already know that I can claim my daughter but can I claim my fiancee since she hasnt had any income for a year and I am the main provider? Thanks to all who help and bad points to those who try to lecture me about not being married yet.

2007-12-30 17:37:14 · 6 answers · asked by queeny 3

Made $32000 this year then opened a ira with $2800 then cleaned it out. paid $8,400 in mortgage interests, filing married jointly and wife only made $5,000. Can anyone give me a clue.

2007-12-30 17:11:10 · 4 answers · asked by Daniel G 2

Michigan and worked 2 jobs. I made an estmated 3600.00. I have 2 dependent children. About how much will my federal return be? Thanks!

2007-12-30 17:02:20 · 3 answers · asked by Sheila D 1

Here is my situation: I'm looking to make adsense money off of a number of adult sites. An attorney who is a family member files my taxes for me. I'm inexperienced with these things: Would there be anything that I would need to report (site name, description of site, etc) on any of my tax forms that could reveal the nature of these sites? Said family member would strongly disapprove.

Thanks in advance for any thoughts on the matter!

2007-12-30 16:49:16 · 4 answers · asked by Anon Y 1

I usually have to file single with no dependents. But now I have a house and im married...So will this help or harm me when im filing my taxes..

Should I file jointly married or married filing single

2007-12-30 16:30:10 · 5 answers · asked by Imdatchick 3

In other words, if you make money with some online / home business type thing, how do you pay your taxes on that income ? is there a way to caluculate how much to give the IRS so they dont bill your for it later or what? because i kno at ma n pa places with a few employees they have a chart where they can do it by hand so i was wondeingr is it the same thing?

2007-12-30 16:14:26 · 7 answers · asked by Anonymous

Is it true that you have to be out of work for at least two weeks before you can apply for unemployment?

2007-12-30 16:02:41 · 2 answers · asked by DAG314 2

A friend of mine ordered some blankets from Dillards. They charged her the tax after the subtotal and the shipping were included in the bill. Is this correct or not?

2007-12-30 15:50:04 · 5 answers · asked by Egan 1

i pay her cash and have no receipts of payment

2007-12-30 15:42:17 · 8 answers · asked by montcoguy0o 1

i dint pay one months rent ,an on the letter it say if i dont show up to court on the day and time i will get a defaul judgment .

2007-12-30 15:07:42 · 3 answers · asked by Horacio C 1

I know that it differs from state to state. I live in Louisiana. How do they determine how much my ex will have to pay in child support?

2007-12-30 14:57:59 · 4 answers · asked by Geaux Tigers! 2

I lost about four grand in the stock market this year and was wondering if I can claim that towards my income like medical bills or child day care?

I mean, I would have to claim any money I earned and cashed out on this years taxes, just wondering if it works the opposite way.

Thanks,
-Single Dad who F'ed up...

2007-12-30 14:54:47 · 6 answers · asked by lodleader 2