| United States Taxes |
| Do quarterly tax payments have to be postmarked by 12/31 or received by 12/31 to be deductible in 2007? |
Quarterly tax paymets are not "deductions" but a pre-payment of your tax liability. The 4th one isn't actually due until 1/15/08 and should be postmarked by that date to be consider... |
| If I make a big investment and file at $15000 loss, will it increase the chance of an audit? |
stop being cheap and get a CPA right away it will save you money. ... |
| Do I file a separate federal income tax return for my MLM business? |
do a schedule C form that determines your profit from the mlm business include the profit as income with your normal job income fill out your 1040 as normal good luck with your new busi... |
| Tax Question: How can I reduce my tax liability? |
To give a couple of quick answers:
1. Closing costs on a home are not deductible, rather, they are added to the basis of your home. Property taxes are deductible as itemized deductions.
2. C... |
| Turbo Tax Worthwhile for Standard Deduction? |
Yes to turbo tax and yes your daughter and her baby are both your depend ants for 07. Happy holidays ! ... |
| How difficult is it to file a 1040X? |
I'm surprised that the CP2000 "left out the federal tax withheld"--are you sure? The CP2000 is computer generated using the form 1099-R. This is not usually an area open to questio... |
| Can a garnishment paid to an individual be deducted from my taxes? |
No. The only way would be if the garnishment were for normally tax deductible items, like alimony, property taxes, mortgage interest, etc. ... |
| Question concerning W-4's- how many allowances to claim? |
I'm in a similar situation. My hubby makes $47,000 and we claim 4 - hubby, me, and 2 kids. In my experience, you will have less taxes taken out from your paycheck each pay period if you claim ... |
| Toatally Lost Estimated Tax? |
Yes, you were supposed to make estimated tax payments. It's very easy to owe $1000 dollars if you are self-employed and without the W-2, you no longer had another avenue to make tax payments ... |
| How much can of your tax money can be taken from child support arrears? |
All of it. ... |
| What are the taxes on CDs? (Certificates of Deposit)? |
The bank will issue you a statement showing how much interest you got each year. There is then a line on the income taxes to show the grand total interest you got, and a separate sheet where you l... |
| Can my fiance claim me and my child on his taxes? |
He might be able to claim you, but unless your child is also HIS child he can NOT claim your child.
To claim you, all of the following tests must be met:
1. You must be a US citizen or reside... |
| Slafx dividend? |
Scudder estimated that it would pay $1.991 in short term capital gains and $9.76 in in long term capital gains. (Whew! I hope that you have this in a tax deferred account!) The actual payout may va... |
| Real Estate Tax Error? |
You should have received a CREDIT for the taxes that accrued to the seller up through the date of sale. Go back and re-read your settlement sheet. Any bills rendered after the closing date will b... |
| How do I report qualified dividends from a BVI IPC on a US tax return? |
Same as if it was US sourced. You probably will need some type of proof that they are qualified dividends as defined in US tax law, however, since one country's definition of qualified divide... |
| Can I open a Roth IRA with money from a sold stock and not pay capital gains tax on the sold stock? |
No. A Roth IRA is funded with after tax money. You have to pay tax on the capital gain. If you held the stock more than one year it is a long-term gain and the tax is low. If you held it one year o... |
| For the last 9 years. I haven't earned enough to pay taxes. Now, I do earn enough. Can I do tax averaging? |
Even though you may not be required to file taxes, hopefully you did. Because if you want to get your tax withholdings return you have to file a return. You can only claim three years worth. Do ... |
| When does pokemoncrater return? |
How is this a USA tax question? ... |
| Can I file income tax for my child even though hes on child support? |
If your child is depending on you, is a dependent ... lives in your home, eats your groceries, uses your electricity, then yes, you claim the child as a dependent.
Does the child support pay for... |
| If I donatd $25 to a 501(c) Charity, how do I deduct that from my taxes?do i need soemthing? |
the above answer is the best answer, so my advice is to listen to that guy. ... |
| Can anyone give me a rough estimate on my tax return...? |
A refund is the government returning your own money to you because you had too much withheld from your paychecks during the year.
It is impossible to estimate your potential refund from the info... |
| How much money do you have to earn in a year to file for a return? |
To file "for a return"? Are you asking about getting a refund? If you had more withheld for federal income tax than you owe, then you can file and get it refunded. Under some circumsta... |
| My mom won $5000 and I signed for it because she didnt have her ID? |
If your mom has other income subject to tax, you are better off claiming the prize as yours. Your income including the prize is too low to have any tax liability.
Your signing for the prize may... |
| Anyone out there expert in Federal Individual Tax? I have a tax project and i am stuck no tax experience? |
Go to irs.gov and type in 2005 in the search box, look at the publications; do the same for 2006.
The foreign earned income exclusion form is form 2555.
The difference between 2005 and 2006 i... |
| W2 question. My husband and I have separated but not legally yet. He's moved out and had his mail forwarded. |
dont do it Bella. He will file married but seperate to keep the money from you..thre's nothing you can do about that other than fight for the money in court.
If you get his W2's and file... |
| Will my fiance and I have to pay more in taxes if we get married? |
You will break even. If you are married and have a joint income of $135,000 (That's $65,000 + $70,000) and claim standard deduction, your federal tax liability will be $22,222. If each of yo... |
| Taxes.....? |
That depends on how much you make. They'll take 7.65% for social security and medicare in any case. If you make under $100 a week or so, they probably won't take anything for federal in... |
| So we can't go in to H & R Block and file our taxes electronic until 2 weeks after the first of the year? |
Most H&R Block offices will be open beginning Jan 2. If you have your W2's, or other filing documents, or if you are self-employed and have your information together, then you are welcome ... |
| When should we USUALLY receive our W2 tax forms? |
Your employer has to have them in the mail by 31 Jan. (The way the law is written, that means "in the mail", not in your hand or even postmarked, just in the mail.) Usually you should g... |
| What's the difference between IRS forms(s): 1040, 1040A, & 1040EZ? |
The 1040 can be used by everybody.
The 1040EZ can only be used if you have wage income of less than $100,000 and are filing as either single or Married filing jointly with no dependents. Intere... |
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