| United States Taxes |
| Can I get a Loan on my 2007 taxes now? |
You cannot get a loan. You might be eligible to be approved for a line of credit offered through H&R Block, and the H&R Block Bank. The line of credit is up to $500, and is available in all... |
| Do bonus checks at work have to be taxed in California? |
Yes, yes, yes. It's money, it's compensation, it gets taxed like everything else.
Fica/MC and Federal/State taxes. The Federal/State taxes may be at a flat percentage (say 25% for fe... |
| After short sale bank send you a 1099 form do i have to pay tax for it? |
It depends.
If you had a recourse loan, you still owe the difference between what the house sold for and what you still owed the bank. If you do not make payment arrangements with the bank, the... |
| Lowering federal funds rate? |
c). Lowering the federal funds rate decreases interest income to the government. ... |
| If you aren't self-employed and pay 100% of your health insurance, can you deduct from your taxes? |
The percent is 7.5, not 7, but other than that, the above answer is correct. ... |
| How much of a tax return should I expect this year? |
You don't give anywhere near enough info to even take a guess, or even say whether you'll get anything, or maybe owe. Would need to know how many hours a week you work, how much you had... |
| Once the IRS receives your return how long does it take for them to post that they received it? |
From the date IRS receive your return, it usually take about 3 weeks to show up on IRS system as received and from the date IRS receives the return it could take 6-12 weeks to fully process your r... |
| I am a single woman, never been married, no kids. I make $30,000 a year. What should I claim on my W-4? |
If you claim Single and 2 you should just about break even. If you owe anything it would normally be less than $100.00. ... |
| Are post adolesent educational expense payments tax deductable? |
Your ta advisor is correct. If your daughter is not your dependent for tax purposes, then you can't claim her education expenses on your tax return. If she claims herself, she can claim the ... |
| Back child support from ex's IRS check? |
If he owes any child support, he would have had his taxes taken...even if they are only a month behind..so the others are probably right, he probably has figured out how to claim as much as he can ... |
| What would happen if we had a reccession? Would it affect an average person?, would it be a state ofemergency |
We are in a recession.
Odds are it will directly affect around 15-20% (maybe more) of the public in layoffs and reductions in pay, benefits.
No, a recession is not a "state of emergency&... |
| Should a sole proprietor file taxes under his name or the name of his business? |
A sole proprieter files their taxes under their own name as it is. All business related income and expenses are reported on Schedule C.
You should never comingle your business and personal expe... |
| W-2 form, question on exempt? |
On your W-4 form, not W-2, if you put exempt, you are stating that you expect to have no tax liability this year. If that is not the case, you could be hit with penalties for not having enough tax... |
| I incured a lot of expenses traveling from NY to FL to take care of a sick brother. Can I claim on my taxes? |
I'm sorry for your loss. Alas, the expenses are not deductable.
Phurface ... |
| Any daycare providers that file W2's to show earnings? How is it done and how does it affect taxes? |
Your loan officer is an idiot. That won't change your total income. In fact, it would REDUCE it. And if you operate as a sole proprietorship you can't do that anyway.
You need to ha... |
| Is it legal in Texas to serve nonalcoholic food and drinks wihout charging tax on them? |
yes, in Texas, all prepared foods are taxable. you do not need to charge your customers tax, but you will have to pay taxes on all sales at the current city/county rate, most counties around 8.25%<... |
| How can I find out what I have *not* filed for with the IRS? |
Call IRS at 800-829-1040 and tell the Representative your sad story. He or she will be happy to tell you what your situation is. ... |
| I adopted a dog, and was told the $250 adoption fee was basically a donation. Is this tax deductible? |
Liam M above is on the right track for the correct answer.
Whenever a donation is made to charity, only the portion which exceeds value received is tax deductible. For example, if you donate $2... |
| Health/Dental Tax Writeoff question.? |
Individuals only report on a cash basis. So you can only report the amounts paid in 2007. As far as the pre-payments, you will be fine to include them on the 07 return.
The following is an exc... |
| I have a reservtion? |
Huh?? Not sure what you are asking. Please restate with more details. ... |
| Am I legally entitled to payed sick days? |
No. That is a benefit solely at the discretion of the employer. If your employer doesn't offer it, find a new job with one that does.
About the only thing that your employer owes you is a... |
| Questions about mileage reimbursement? |
The mileage you were paid is not taxable, it is a reimbursement. They send it to the IRS, but only to verify they reimbursed you, as they get a tax credit.
You can NOT deduct mileage for commut... |
| 2007 turbotax??? |
Try contacting turbotax, they have support for their products. ... |
| Does anybody know what the qualifications are for the $500 emerald card from H&R block? |
The real answer is...
You have to have been an H&R Block client, either in an office, with TaxCut, or online in the past two years
You must have an expected $1000 or greatertax refund for 200... |
| Under current laws the deduction for exemptions may be totally phaset out.? |
They begin phasing out (in 2006) if your 'modified adjusted gross income' exceeded $150,500 on a single return and at $ 225750 on a joint return.
Eventually if your income is high enoug... |
| Do I pay taxes on property that I inherited that has a mortgage against it? |
Your basis in the property is the fair market value on the date of your father's passing. That would be the appraised value, assuming the appraisal is from a real estate firm and not from th... |
| If you are married, and you file seperatly, will it protect your return? |
I say yes. I've been through it.
file married but separate. It will give you more protection.
I did the opposite and ended up paying his taxes even after the divorce !!! ... |
| Best resource for help with IRS troubles? |
Your accountant should know taxes to represent you in an audit. If your accountant is not sure he can handle your audit, he or she should say so and refer you to someone who can. If you want a leg... |
| Why are we taxed when we earn AND taxed when we spend? |
You are also taxed when you sell (capital gains tax), when you die (estate tax), and when you give (gift tax) and when you own land (property tax).
Gotta love it. ... |
| Question about tax benefits of paying interest on a silent 2nd mortgage? |
It depends on your income tax bracket and the opportunities available to you for investment. Let's assume your income tax bracket is 33%. Let's also assume the interest on the third mortg... |
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