United States - December 2007

2007-12-30 14:51:17 · 2 answers · asked by jamie k 2

I mean, if you claim it this year, that means you can't claim it next year, so why would it matter? Is it smartest to claim 2 years mortgage interest and property taxes in 1 year (1 payment January and one in December?) I've just been claiming one per year and not accelerating any payments ever.

2007-12-30 13:50:55 · 4 answers · asked by Anonymous

we each make about 45000 a year. so together about 90000. We have a house... No dependents

so married or single.

Which would give us the most money back

2007-12-30 13:45:40 · 7 answers · asked by Imdatchick 3

While the house market is falling?

2007-12-30 13:41:14 · 6 answers · asked by LA LA 6

i had a very lucky year i won a trip worth 25k, car worth 15k and furniture/tv/entertaiment valued at 20k. I know that, i will get somesort of tax papers in and i kind of figured it our that i will owe the IRS like 10-11k yeppie!!!!!! I dont have that kind of cash laying around Yes i have about 14k locked up in 401k and 3k in savings. I was looking at a putting it on my credit card but the damn intrest rates are always bad. What i am wondering if i could take out a loan with the car i won?
here is my situation i make 47k a year single.
Live in a townhome with no equity and pay 1400 a month
i have a cc balance of 5k with all combine a 24k limit
i also have good creidt. where do i start, to prepare myself in April were Mr. bush gets a good pay day on me.
thanks in advance for the answers

2007-12-30 13:14:28 · 6 answers · asked by Dan F 1

2007-12-30 12:57:05 · 2 answers · asked by Leo 1

I understand that in 2007, there is a $87,500 tax exculsion for (ie western employees). Is this true ? Is this gross income or adjusted income?

Also, do americans have to pay capital gains tax earned overseas?

(ie. Say i invested my money in an IRA in UAE for the past 3 years and have earned 30% return on my investments and after the 3 years return back to the US. Do I have to pay any taxes? Can I transfer the money back into my US bank account?) Please advise?

Thanks.

2007-12-30 12:56:15 · 3 answers · asked by JAE82 1

i am a student and my parents still claim me on their taxes...can they write off a laptop for my schooling?

2007-12-30 12:53:04 · 2 answers · asked by hopeless_romanticda 1

2007-12-30 12:48:06 · 3 answers · asked by Laurie G 1

Hello everyone, I am a high school student under 18 yrs of age who worked over the summer for the first time. I only worked for 2 months made about 2000. After reading other answers on the site I'm still a little confused when it comes to taxes etc. Now I put exempt on my forms and on my paychecks it said 0 under Federal and NY withholding -which I wanted- and got taxed for the obvioud med, etc.Now I'm just confused here, I know I don't have to file taxes since I earned under 5 thou but do I get a W-2 form etc. at the end of the year?

Thanks for all the help.

2007-12-30 12:35:54 · 7 answers · asked by Cyn 1

Where do you purchase IRA's, can you buy one on line? Thank you for your help and input.

2007-12-30 11:32:59 · 4 answers · asked by Anonymous

2007-12-30 11:08:05 · 5 answers · asked by catrina h 1

(I had to ask this again because I keep leaving info out)

I am 20 years old, I have my own apartment I pay all the bills there, (I do go to her house sometimes for a few weeks), I have my own car for which I pay my own note and insurance. I also pay my cell-phone bill She only gives me money for gifts at Birthday and Holidays time (probably about $100) each time. I want her to stop claiming me on her taxes, but she will not. I want to claim myself. What can I do?

She does pay my cell phone bill sometimes (about 5 times a year)
She does have me on her medical insurance policy, but I have asked her to take me off because I have insurance with my school.

I am a full-time college student (out of state), I work 2 part-time jobs.
I pay for all: housing, books, food, tuition expenses, and EVERYTHING related to me. She does not shell out any money for me to be in school, she only gives me gifts at Christmas and birthday and SOMETIMES she pays my cell.

2007-12-30 10:58:14 · 8 answers · asked by Da1Nonly 3

We have been together for 3 years and the kids live with us more than 50 % of the time. I dont work, disabled. My ex husband thinks he can claim the kids every year and get the earned income credits, even tho the kids live with us, not him. Cant my boyfriend claim them as dependants without claiming the earned income credit? Or do I just let me ex husband get back money he doesnt deserve? He pays $400 a month in support. Any help would be wonderful. We live in Oregon. Thanks!

2007-12-30 10:55:26 · 13 answers · asked by K C 1

What are partial deductions and how do you use them filing taxes?

2007-12-30 09:52:48 · 3 answers · asked by D. Nelson Altamirano 2

Will I have to declare my bankruptcy on my taxes? Is it counted as income?

2007-12-30 09:52:23 · 3 answers · asked by moegold2000 2

I have joint legal and physical custody of my son who I get almost 50% of the time. She claims him as a dependent on taxes. Since the "child support" reduces my income by $6000 a year, is there someway I can get a tax credit to help me out? Or is Ron Paul my only hope? :p

2007-12-30 09:50:59 · 12 answers · asked by testingway 1

I have been with my husband 12 years. We just got married in May though. He owes a lot of back child support & never gets a return. I always claimed head of household for me & our daughter & get earned income credit on her. Now that we are married what will happen? Will they take my refund?

2007-12-30 09:38:27 · 4 answers · asked by ♥SummerRain♥ 6

I am seeking some info before we file our taxes. My husband and I just had a baby on December 7. Are we supposed to add our daughter on our 2007 Tax Return? Do you get a credit for children? If so how much?

Sorry if these questions seem so elementary.

2007-12-30 09:32:13 · 8 answers · asked by K B 3

i recently like for about 2 weeks have been getting garnished for a fine form 1997..i have a court date for april3 ..i guess to see if its paid or not but my question is when i go to file my fereal taxes can they take it????

2007-12-30 09:24:07 · 3 answers · asked by Joe D 1

We got married and bought our first home this year. We had both claimed 0 before, but now it is more important to receive more in our paychecks each pay period than worry about receiving large refunds. We both earn around $30k/year, and have no children. We would ideally like to break around even or end up owing slightly. Should we each claim 2?

2007-12-30 09:21:51 · 5 answers · asked by Anonymous

2007-12-30 09:20:46 · 2 answers · asked by Anonymous

2007-12-30 09:08:22 · 6 answers · asked by ruth e 1

Many affiliate program requires to submit a W-9 and/or 1099 form.
For example, Incentaclick requires to send a 1099 form.

I am under 17 years old living in the United States. I have my own incentive site, which i pays members for signing up for services.


Can you guys tell me what will happen if i send a W-9 form, (i heard it doesn't affect me, it just a form to prove the company's earning)

How about 1099 form?(i heard that it affect me, i will have to file my taxes)


As i stated, i am under 17 years old. My family is receiving health benefits from the government. I don't want to affect my family benefit. I think that the W-9 form doesn't affect me or my family, and the 1099 form does.

Is there anyway to make my income or me separated from my parents? So it doesn't affect their income and benefits?

Thank You.Please help me

2007-12-30 08:54:42 · 2 answers · asked by Anonymous

2007-12-30 08:46:58 · 4 answers · asked by forderic2005 2

MFIP?

2007-12-30 08:40:47 · 3 answers · asked by Anonymous

2007-12-30 08:20:15 · 4 answers · asked by sister 99 1

2007-12-30 08:14:07 · 5 answers · asked by lulu 1

I started working part time as an independent contractor in September. Can someone tell me what quarterly tax form (federal) do I need to fill out. I want to pay my quarterly taxes.

2007-12-30 08:11:17 · 3 answers · asked by mead1973 3

I incorporated and not sure if I should file my wages as "Componsation of officers" (line 12 in the 2006 1120 form)
or as "Salaries and wages" (line 13)
I do file 1040 as well for myself.
thank you.

2007-12-30 07:39:17 · 2 answers · asked by John 1