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    United States Taxes
    I received an audit letter asking for documentation of a few deductions from last year.?

    You aren't going to jail. About the worst that will happen is that the auditor will disallow the deductions and you'll have to pay the extra tax, penalty and interest. If you can show b...

    Turbotax discount checkout code?

    the best place for this i found ...

    Military Thrift Savings Plan?

    Yes, the TSP can be used for the saver's credit calculation. If you actually get a credit, good for you!

    ...
    California tax on $298.50????

    tax in the state reanges fron 7% to 8.25*. the average being 7.75%. your tax will be aprox $23.14

    ...
    Is the fee /tax/ of $675 paid to www.uscis.gov to become citizen, tax deductible?

    Unfortunately, no You can go to the irs website: www.irs.gov for more information

    ...
    Should I wait for child before tax filing.?

    You can start claiming the child when the child is born even for a moment. Being pregnant does not count nor do stillbirths. Your exemption for the child when he/she is born in 2008 would be $3,5...

    Selling stocks for tax loss?

    If you repurchase a security within 30 days of selling it the IRS calls this a "wash sale" and disallows the loss deduction. If you attempt this and are audited, they will penalize you. ...

    If i have not worked for a number of years can i still receive ssi?

    There are 2 programs, SSI, which is for people like yourself that haven't worked much and SSDI. SSDI is for people who do have enough credits and their payment is based on their income history...

    PA Inheritance Tax - Annuities with Beneficiaries Taxable?

    ...

    Can I depreciate a refridgerator I bought for my rental unit even though I didn't finish paying it off?

    YES - you can depreciate the refrigerator in the year it was purchased regardless of your method of payment. BUT - you should do some research and find a chattel appraiser. They can go through ...

    Can my husband claim one of his two kids on his taxes?

    It depends on what is in the divorce agreement. If the wife is entitled to claim then, then no your husband can't.

    ...
    I worked a small time in 2007 only had 34.51 takin out for Federal Income, do I need to file taxes?

    You'll get 34.51 back if you file, and should also be eligible for an earned income credit of $179 if your son is an eligible child for EIC, EIC of $40 if he isn't. You don't get la...

    Tax question in illinois?

    No tax preparer can legally prepare and e-file a return without seeing your W-2. They CAN prepare it based upon the pay stub but may NOT e-file it without the W-2. Paystubs do not have all of...

    What's the best way to fill out my W-4?

    single 2 would probably work to maximize your paycheck and minimize your refund, though you would risk owing a small amount of money. single 1 would guarantee a refund.

    ...
    Who gets Property tax write off?

    In order to claim an itemized deduction for property tax (or mortgage interest), you must be liable for it, and must actually pay it. If the property and mortgage are in both names, you are both li...

    Can I still file taxes for the 2006 year?

    Yes, just not electronically. For federal, he sounds likes he's okay--there are no penalties on refunds. The state will charge him for penalties and interest. He can ask for a waiver of t...

    I havent worked at all this year am i still able to recieve the child credit or earned income credit?

    No. Earned Income credit requires that you work. The additional child tax credit (the other refundable credit) requires that you make more money too.

    ...
    Backup WIthholding Deduction?

    I'm not sure where the "tax preparer" above gets her information. I hope she's not preparing taxes anymore! Your From 1099 from the broker will show how much tax was withhel...

    Will claming gambling losses and winnings increase my tax refund at the end of the year? 10000 won 15000 lost?

    At most, you can only claim losses up to the amount of your winnings - so no, you can't increase your refund by claiming them. You are required to claim the gambling winnings. You can only c...

    Its that time of the year again and I have a question on tax, how much do you think i will pay in federal tax?

    Nowhere nearly enough information to say with any precision. However if you file jointly, take the standard deduction, have no children, and this is all income from wages subject to withholding, y...

    Help: There is no law that requires us to pay Federal Taxes. Can you explain please?

    Youre right, BUT just try not paying and the sherrifs will surround your house and threaten the hell out of you. ...

    How much do temecula/ riverside county residents pay on propety taxes?

    It will depend on what bonds and additional taxes have been approved by the voters or if there are any Mello Roos fees. Taxes will probably be closer to 1.1% of assessed value.

    ...
    Channel stock market capital gains through my incorporated business?

    You won't save any taxes as the profits will pass directly to your tax return in the same manner as they would if you recorded them direcly on Schedule D. In fact, they WILL go on Schedule D ...

    Is it ok to report a (loss) on line 17 of a 1040?

    Sure. I did it for decades. Nice tax write-off and a positive cash flow to boot!

    ...
    Filing exempt?

    Very possibly! If you have ANY tax liability at all for 2007, a claim of EXEMPT from withholding was improper. Without knowing the numbers, it's not possible to say how much you might owe. ...

    Should i file taxes this year if i only made $4000?

    It's probably in your best interest to file. Provided you can not be claimed as a dependent on someone elses taxes - and your income was not self-employment income, you may have money coming ...

    When e-filing online can you use your last pay stub if you haven't received your w2 yet?

    No. Paystubs do not have all of the information needed to file a tax return properly. For example, most paystubs don't have the employer's FEIN, nor do they have the amounts and codes f...

    20% cost of my home was financed thru personal installment loan. is the interest tax deductible?

    By definition a personal loan is not secured by anything but your signature. If that is the case, the interest on it is NOT deductible. If the 20% loan is actually a mortgage loan, i.e. it is sec...

    Unemployed Tax Returns?

    Since you had some income, you probably also had some tax deducted from it and paid to the IRS by your employer. You will want to file a return if for no other reason than to get back the tax you p...

    Are any tax offices offering instant loans in 2008?

    STOP! Don't even look for a refund anticipation loan. It is about the worst deal you can find and just made for suckers. Save a bunch of money by efiling and having direct deposit of your re...

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