Tax Help

Tax Help!!!!?
Im 19 yrs. old and by the end of this year i will have made over 25,000 dollars. Will i end up oweing alot in taxes? And if so how can i not owe? Plus im not a student but i will be claiming head of house hold, myself, and my grandmother. Will that help?...

tw9812:you may consider taking the itemize deduction if you have medical bill, provide health care or have other itemize deductions, provided that the itemize deductions after the 7% or 2% floor is more than taking standard deductions. Your grandparent have to live with you in order for you to claim for ... More...

Tax Help....Married filed head of household last year taxes was told by tax prep we can make an amendment for?
next yrs taxes. recieved letter from IRS now saying we owe such an amount and is due by Jan15th 2007. Can we make payments? and will we lose our 2006 tax refund because of this anyone with help greatly appreciated thx...

ninasgramma:Once you receive a letter such as you describe from the IRS, you do not amend the return. The IRS is proposing a change to your return as described in the letter. Read the letter carefully. You can either agree or disagree with what it says. It seems that you agree that you made an error in f... More...

council tax help plz?
england ok i got 3 adults in one house does all 3 aduts get charged tax or just two adults get charged tax ??? plz help been looking on net not much on this matter!! any info would help...

tringyokel:If it is treated as one house and not separate dwellings then there will be one charge based on the value of the house. A discount is available for single occupancy but no extra charged for more than two persons.... More...

I need some serious tax help!?
I am several years behind on my taxes and do not know where to go to have someone help me. I really don't want to go to jail for tax evasion and any good advice would be great!...

Raynanne:If you are in the USA, go to the IRS. They want your money, not you in jail. Usually not paying your taxes and contacting them, gets you additional penalties, not jail time. I have know a number of people who did not pay their taxes for a few years and the IRS worked out a payment plan for them, ... More...

Taxes HELP?
i am 15 and 9 months i got hired at a dry clean place but, my dad still wants to see if we lose money because when i work i have to pay taxes and also at the end of the year i must file for tax returns and stuff like that, is there a way i can work but not lose any money and what is better filing for taxes in a joint thing or seperatly please help i only work 15 hours a week and i make $6.00 an hour....

Judy:As far as joint filing, that's only for people who are married to each other, so is not an issue for you and your dad. You might or might not even have to file a federal return, unless money is taken out for income taxes in which case you'd want to file to get it back. You probably won't owe feder... More...

Tax help needed for first time homeowner.?
We've been in our first house since Jan. I think that this year I should iteamize my taxes. I have always taken the standard deductions...which are not bad because I've got 3 kids(5 deductions total). 1) If my mortgage is approx $1,100/mo. and most of that going to interest...how much better off would I be to itemize? 2) What other things can I claim as deductions (to increase my refund)? Thanks in advance for your help...Rob...

feanor:You probably should itemize...You still get your kids exemptions since they are exemptions and not part of standard deductions. You'll also get to deduct all the other various taxes...Property and (state income OR sales tax). The other things that jumps to mind is charitable donations. If you use... More...

I'm confused about student loans and taxes!!HELP!?
Ok so I have been told that I can have my student loans deducted, and well..I have heard from a tax agent, that this is true, however, he forgot to mention how much I can get written off, and he was also talking about write offs and deductions, can you please elaborate on that, because I'm really confused! HELP!! Thanks!...

fukinluckyfuker:Some student loan interest is tax-deductible. Meaning, for example, let's say you paid $200 per month on your student loans. $2400 for the year. Let's say $2000 of that was interest, $400 actually paid principal. You could potentially lower your taxable income by $2000. Thereby lowering your in... More...

Help: Tax Deductions on a House Mortgage?
Here is my situation: I just bought a house July 31st of 2006. This is my first home purchase. I would like to adjust my taxes withheld with my employer to optimize cashflow. I bought my house at roughly $200,000. I make $70,000 per year. How do I change my taxes withheld to optimize my cash flow situation per month. I'm poor now! Please help tax gurus....

TaxMan:The best thing to do is do your 2006 tax return now....on paper. Fill it out with the income you expect for the entire year, the deductions you expect for the entire year, etc. Use your last paycheck for best estimates. If you normally don't do your own tax return, you may want someone else to he... More...

taxes help?
I filed my taxes electronically, but I must have done something wrong, not signed it correctly or something, because they sent me something in the mail to prove who I am. It asks for my DCM number. Where can I find this on my taxes? I filed a 1040X if that matters. Thanks for your help! Im sorry, its a DCN number, not a DCM number...

Mathew:Declaration control number (DCN). The DCN is a 14-digit number assigned to your return by your intermediate service provider and/or transmitter. It should be included in your acknowledgment message. The first two digits are always ?00?. The next six digits are the electronic filer identification nu... More...

taxes help(easy)?
i need help please help how do i find out taxes adding or multiplying and i will give good points...

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child tax help?
I have a 3 year old little girl. I live in the state of Oklahoma. Me and her daddy were never married. He is threatening to take me to court and get the order to claim her every other year on taxes. Does he have the right to do this? I am the sole custodian and he has only actually taken her about 6 weekends this past year. Am I worrying about nothing? I want to claim her because it sure helps me being the single mother of 3 children....

TaxMan:Since you were never married, the IRS law states that the custodial parent (the one whom spends more days with the child) has first right to claim the child as a dependent along with all of the credits and exemptions therein. You could voluntarily give up this right if you sign a special form, but ... More...

Disabled. NO income.House is being sold for past doe taxes. Help me find financial aid?
I have been trying for social security for five years. My doctors say I can t work and I know I can t work, But social security doctors say I can. My house is over due on back taxes of $1800.00 for the past four years. I need a loan or financial assistance from some place. Please help me find someone who cares and will help....

rockEsquirrel:Contact a mortgage loan company and request a reverse mortgage. They can lend based on your home's value.... More...

I am trying to figure out what I make per hour after taxes and fees.... HELP?
When I made 7.50 per hour, I calculated 6.92 x the numebr of hours i worked to get my check amount Then when I moved to 8.25 per hour I calculated 7.62 x number of hours to get it. Today i got a raise to 9.00 per hour (YAY!) - - but at the rates above how can i figure how much I make per hour after taxes? HELP!!!...

chrisbrown_222:Rather than just give you the answer, let me show you how I got it so next time you won't need help. 6.92 / 7.50 = 0.922666 7.62 / 8.25 = 0.922666 therefor 9 * 0.922666 = 8.30 As your income increases your tax rate increases which means you might wind up with a few cents less than what I show. ... More...

Flat tax vs. current tax system? HELP on a paper!?
I know this will sound horrible, but, what is the different? Flat tax is one flat amount charged to everyone no matter what income?? Is that correct? And the current tax system depends on our income? I'm supposed to do a paper for economics. What should I cover in this paper? I need help....

BlkJac:A flat tax would tax everyone at the same rate (percentage). There would be no exemptions or exceptions. There would be no loop holes for the very rich to use. A flat tax would almost eliminate the need for an IRS. That alone is a good reason to implement a flat tax. The other tax that has been... More...

Bush Signs $70 Billion Tax Cut Extensions, do the tax cut help spur ecomical growth?
Bush Signs $70 Billion Tax Cut Extensions, do the tax cuts, help middle-class American families, or widen the gulf between the rich and poor? For a family making between $40,000 and $50,000, the cuts will mean an additional $46....

happytraveler:Not at all. In order to spur economic growth it is best to give tax cuts to the poor. They will spend it all which enlarges the econmy. Giving tax cuts to the rich does not do this.... More...

How do I select a IRS tax problem help cpa ?
What steps do I take to find an irs representative to help me with my delinquent tax problems of late filing and paying....

Wayne Z:If the returns have been filed and there are penalties and interest, there is not much that can be done. Whatever you do, do not call one of the "We Solve IRS Tax Problems" firms that advertise on TV. CPAs and EAs are slow right now so, if you want to, find someone locally and give them a call.... More...

My husband is confused about how a wage increase will affect his taxes, please help me explain to him...?
My husband is making $15 an hour, and his combined taxes taken out amount to about 21% of his gross. His employer offered him a raise to $20, but my husband declined. He believes that the raise would cause his tax bracket to raise so much that he would ultimately be netting less an hour than he is at his current wage. I know that this is a widely believed myth, but I am at a loss as to how to explain it to him with my limited knowledge of taxes. Please help me explain to him that yes, his ta...

waggy_33:I wish I had employees like your husband, I could save a lot of money. Right now he is keeping .79 cents out of every dollar he earns. if the raise puts you into the 25% bracket you are still keeping .75 cents on every dollar he earns. This is a simplified example because is you are filing jointly a... More...

tax help please?
My partner made $36000 this year and paid $7000 tax, we do not want to use an accountant this year but the largest estimated return i keep getting is $600 we have claimed on petrol, work clothes, boots, sunnies, sunscreen mobile phone, tax accountant last year, he is a brickies labourer on wages and supporting me and a 10 year old child any other suggestions to put the refund up. thanks in advance....

dreeamer86:go to the taxtion office web site and they have a little programe thingy you can download which calculates everything that a accountant would calculate but the programme adds it up and submitts it, its all free u just download it, its a good programme i use every year aswell... More...

Car Tax Help!?
my car tax was due the 1st of this month, however unable to get to the mot place till saturday due to work, someone told me u have up to 2 weeks to get ur tax when it runs out. Is this true??? Thanks...

kj:it is true that tax gives u two weeks or they used to but i wouldnt recomend driving a car with no tax or mot as they now keep mot's on a big computer base too and without tax or mot you'll then i take it be driving with no insurance!!... More...

income tax help for singer songwriters?
My girlfriend is a singer songwriter in Nashville, she is preparing to do her taxes and we are trying to find out if anyone knows anyone in the tax biz that specializes with entertainers and performers, so that she can get the applicable write offs and feel confident she is getting every advantage possible. Thanks...

Chanteuse_ar:I hope someone can find you a local CPA who can help with this. You're in Nashville there have to be dozens of them who are experienced in this area, but if you are still having trouble, there are loads of books on this subject written by CPAs & musicians and loads of articles free on the web writt... More...

Car Tax - HELP!!!!?
My Car tax is up on 31.10.06 but i have forgotten my insurance certificate....Am i ok to tax it tomorrow or is it too late then????...

The brainteaser:all is ok, you can tax it tomorrow... More...

tax help our world today?
tax payer are they happy...

neon49:idea of taxes is good, almost 30 % not good!!... More...

need help with tax return pls!?
I forgot to file tax for this year, i found my envolope while i was moving! i never bother to question why i havent recv'd my money in the bank. well my question is can i file that with the one that is comming out next year january of '07? or is that money long gone?? pls help!!!!!!!!thanks in advance!...

Gary:you sound like you usually recieve a refund. According to what my HR Block Tax consultant said to me- you should be fine. The IRS mostly cares about money that was owed to them from completing tax returns. The simple rule is if you recieved a refund for the last 3 consectutive years you have up to 5... More...

Question about how interest on house payments would help more tax return.?
Many people say buying a house would help increase more return when you file for the income tax return because of the interest you pay for the house and property tax. But I don't understand it. I have tried to itemize the deductions including the amount of interest on the house payments and property tax. But it only goes around $6000. This is far less than the standard deduction that IRA sets, $12000 for a joint return. I don't know why people think you can get most of the house payment inte...

John:I think this is typically stated as in comparison to renting a home. If you rent you pay your monthly amount, you take nothing off your taxes and you have nothing to keep other than you get to live there for a month. If you buy a house the interest on the loan is tax deductable in part, so You get... More...

I need tax help?
explain how can I file IMCOME TAX CREDIt. Were can I get information...

VaTreasures:You can get a good amount of information from the IRS website. To get help with your income tax preparation call 1-800-829-1040 for the nearest Volunteer Income Tax Assistance Program (VITA) site.... More...

PLEASE! Need 1099-MISC tax help?
I made $4,250 last year doing freelance voieover work for two agencies. I received 2 1099-MISC for the work done. This has taken my refund down by a total of over $2100 (fed & state combined). My child tax credit for my son is gone. I owe so much to the state of CT that my minimal federal refund can't even cover it. Why would they take 1/2 of the money I made? This is very frustrating. I have figured this out on TurboTax and H&R Block online as well as talked to an H&R Block rep (who want...

chanshuyung:Since you are not an employee to the business (freelancer), they consider you as a self employed even though you do not operate a business. 1099 misc without expense is subject to the self employement tax (15.3%) in addition to the income tax in form 1040. without further detail of the whole retur... More...

Sole Proprietor / DBA Tax help?
I'm employed, 40 hr a week 9-5, but also have a Production Company. I have a ton of deductions for my Porduction Company and take them on my tax return. Do I need to register my "business" with anyone? I currently only have it registered with ASCAP, but not with any local, state, or federal agency. What is my best course of action?...

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I need some tax help!!?
My significant other is significantly huge. She eats alot, is constantly ripping her clothes as she is always gaining weight and I had to make an addition to my house to store all the excercise equipment she refuses to use. Also, I had to have a custom made dining room table for her eight course meals. I keep telling her that she shouldn't go back for thirds. My questionis, can I also claim her as two dependents along with spouse on my tax form? Happy Traveler. Are you gay?...

Mark S:No, but all those custom things can be deemed as medical needs and thus deducted off income.... More...

Tax Credits - Please help!?
Tax Credits are chasing me for an overpayment they made tax year 2004 to 2006. I left my now ex husband in january 2006 and I am a lone parent. The wages for the year were only ?1,200 above the estimate. So I have been writting letters constantly requestion information and their reasons as to why we need to pay them back when we were within the ?2,500 threashold. They are now saying that yes I am right about the threashold BUT not in my case because we didn't inform them within 3 months. 1s...

veilofmistiness:Hi, Firstly, do not stop communication with HMRC. Secondly, you must speak to them and ask for a postponment of the amounts due as you are currently reviewing the paperwork you have received and seeking advice on what to do next. This will buy you time over the Christmas period and do try and enjo... More...

a tax question. please help?
i make 65,000 a year. i work in midtown manhattan. what the accountant did was to tax away from me, that i get only 900 a week. so...the question is. after next years tax filing. how much money would i get back from the government? would it be 3 to 4 grand? please say yes... any help would be greatly appreciated. give u 10 points....

Mathew:Assuming that you are single you will have $8450 in standard deduction and personal exemption which leaves $56,550 in taxable income. If you have no other deductions or credits your tax will be $10,809 and you will have withheld $18,200 which would give you a refund of $7,391. Unless there are cir... More...

regarding federal budget, economy and taxes?? please help?
hi population of india is more than billion and that of USA is i think probably 25 million, so it means number of people who can pay taxes is much less than that of india .but still how USA have huge financial budget and so much money than other countries ?? i dont know how much is that budget, but i think its pretty huge... am i missing some important aspect?? why its the number one economy ??? please help me....

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i need 2 make a presentation on income tax(india) please help!!!?
list any sources if u kno any not nythin hifi jus elementary stuff... like th advantages n disadvantages of payin income tax.. n hw many ppl in india actually pay their income tax regularly...etc...etc...need help asap......

ulagam:Visit the following sites. http://finance.indiamart.com/taxation/income_tax/ http://www.surfindia.com/finance/income-tax/incometax.html http://www.surfindia.com/finance/income-tax/income-tax-department.html http://incometaxdelhi.nic.in/ http://indiafocus.indiainfo.com/finance/tax/ http://www.incomet... More...

do you think that 11,000,000 more tax payers would help this country's economy?
11,000,000 people are here undocumented, and I wonder that if they legalize them all, might help the U.S. economy, I know that the U.S. debth is facing some crucial problems. Just think that if regularly a person pay's about $3,000.00 a year in tax money, what would it be if 11,000,000 more people do the same, it's about $33,000,000,000 more tax money for the U.S. or Uncle Sam. Think about it, that would make things cheaper for all of us, and job benefits will be easyer to get so as retirement ...

The Capitalist:Of Course it would. All Credible Economist agree. Its a no brainer. Its better in everyway. Them sending money abroad is a loss for us. But the work they provide is much more valuable. A simple example. A worker gets payed 2000 a month, sends 500 and keeps 1500 to spend here. The work they do helps... More...

i would like to know if anyone can help me, my tax code is br?
i have been told that it means i have two incomes but i only have one job, as such i have lost certain benefits ( child tax working tax) can anyone help?...

MICHAEL O:Have you been in this employment long ? BR means your having all your income deducted at 22% in income tax when everyone in the uk has what is called a personal allowance. A personal allowance means your first 95 pounds (roughly) that you earn each week is tax free, and at the moment you are not get... More...

Need help with Tax information?
I have a small buisness where i do portraits for people. Can i claim all the art supplies I buy for the buisness on my taxes and do i get that money back on my return. If not what can I claim on my taxes as part of my buisness. And what do I have to have to claim Them. I have all the reciepts of everything i've purchased so far. Thanks for the help!...

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Filing Late Taxes.....HELP!!!!!?
I'll admit I am the total procrastinator, so please save the comments. I need advise, I haven?t filled tax returns for my wife and I since 2002. My wages have been garnished for the 2003 tax year, but I didn?t learn my lesson. I just got another letter saying I owe for 2004 but its more than I can pay. I stand to loose my home, and pretty sure wife if this happens. Where is the best place to turn for advice and someone who can basically hold my hand through this step by step to file my old ret...

mattapan26:Crazy Dave is right. 1) You need an accountant to prepare the unfiled returns; 2) you need to prepare Form 433A, Collection information statement for individuals, 3) you need to prepare Form 433D, installment payment plan application. 4) You need to get the accountant or a tax lawyer to contact th... More...

Need TAX help. I work in PA but I'm a NY resident...?
I'm working part-time here in PA. But I am a New York resident. When it comes time to file for taxes (early I know, but might as well find out), do I file in NY or in PA? Thanks....

NM505:You won't have to pay more taxes (unless NY has a higher tax rate than PA). I'm not familiar with the specific forms in PA, but you will fill out a PA form for non-residents and your regular NY state income tax form. The taxes you paid in PA are then deducted from your NY state income tax (you'll ... More...

Would like some tax help for a friend?
I have a friend who divorced last year. He told me yesterday that his ex-wife had filed Single and Head of Household for the entire length of their marriage (10 years). She used her parent's address and her father did her taxes every year. Isn't this illegal??? She also understated her income because she is a waitress and had not claimed her cash wages....

snagelfritz:Not matter, even though we have equal rights. The man is always held responsible for what the woman does, so, he will be the one in trouble.... More...

Are there grants in Ca. for starting a new small buisness&a company vehicle?Even a tax break would help.?
Any type of tax break or grant thats out there would really help me. I know there is educational grants, so I hope that there might be grants in Ca. for starting a new small buisness....

imisidro:It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born. No... More...

Dependent Care Savings Account Tax Help Needed?
I have been using a Dependent Care Savings Account to pay for in-home day care for my children. Do I have to give my babysitter a W-2 at the end of the year? Am I responsible for paying Social Security Taxes for the wages I have paid her?...

Mathew:At least you must give that person a 1099 Misc. The issue of paying SS and Medicare is avoided if that arrangement is acceptable to her. You must have a way to show your employer that you had the expense and must use all of the money that you placed in the DCSA by the end of the year.... More...

tax question again, help?
i owe 10 points to the people that helped me out when i asked this question a few days ago. but i need more details. so, here's what i know about my situation. i make 65,000 now. but last year i made 55,000. i started work in october of 2005. after april of 2006's tax filing, i got back about 1,400 bucks, i think. so, then i got raise. to my current 65,000. so after next april's tax filing, how much will i get back from the government. will i actually end up owing? but how can that be? at m...

TaxMan:As long as you didn't change your W-4 form, the amount of withholding coming out of your paycheck scales with your income. As you make more income, the percentage of withholding goes up to match the higher tax rate. All things being equal, if you earn more this year, your refund may go up a bit, m... More...

I need help with writing things off this coming tax season.?
Here is the situation, I usually do my own taxes, which turn out just fine, but I need help in finding tax breaks that apply to me. I am a roommate, I know about the Hope Credit, but I'm really interested in finding a way to use my textbooks as a tax write-off. Can you guys please help with suggestions on potential things I may use to help get more money back this tax season? Thanks....

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I need help with Income Tax scenario in India and ways to save some money from being taxed. Thanks!?
My income comes in the taxable bracket and I need help on insurance policies, etc. that one can take to save up on some money. I have absolutely no idea about income tax and PAN card. Thanks in advance!...

S I V A:Male/HUF Rs.1 lakh, Female Rs.1.35 lakhs & Male/Female >65 years Rs.1.85 lakhs are the Tax free limits in India for this year. You can save up to 1 lakh in LIC & Other savings like Post office NSC & PPF (Deduction u/s 80C) and can claim exemption on taxable income. Example. If you are a Male <65 y... More...

does personal loan help in getting tax deductions?
I am planning to take personal loan for a two wheeler. Will it help me in getting any tax rebate ?...

Princess:No. You can only get tax deductions if you take a home loan.... More...

Taxes help!! first timer.?
i just turned 18 ..so i have to start paying taxes, right? but i dont have a job, never had one..so im very confused. do i have to pay taxes even when im not employed? i live with my mom and the only $ i get is what ever she wants to give me ^.^ thanx! so i don pay taxes this time? i mean, im not required to fill taxes?...

Judy:If you have no income (other than what your mom gives you), then no, you don't have to file taxes. It doesn't have anything to do with your age. If you were 12 but had a job making enough, you'd have to file. If you were 50 but didn't have income above a very low amount, you wouldn't. Note that ... More...

Is Jackson Hewitt doing another tax advance loan in addition to the HELP loan in December?
Last year I applied for an advance in January. This year when I did the HELP loan the tax preparer said they were starting the advance in December instead of January. Does anyone have a date for that?...

MARCO:I think he might be...... More...

Taxes - help?
I need to claim taxes on my some money I earned from a part time job. (Refereeing). What kind of form do I fill out?? Etc......

skip:There is a lot of mention of form 1099 here. If your earnings from any one organization do not exceed $600, you wil not get a 1099. however, you must still report the income. I have doubts that Schedule C is appropriate. I was a soccer referee in the UK for many years. I reported it as miscella... More...

Does anyone know a free lawyer to help with a property issue in Ga.I had my home demolished and sold for taxes
I am a disabled adult and now reside in SC. In 2001, in Ga. a local city govt. demolished my home and what wasn't stolen by the contractors the city hired to demolish the property, the rest of all my belongings were turned into rubble. In 2002, city hall sold the property to pay for the demolition, without notifying me, and after I found out about the sale, the City refused to communicate with me about the terms of the sale, where the money was spent and any overages. In the dark, I filed a p...

nightprowler:sorry...but their is no such animal,as a free lawyer....thats the funniest thing ive heard all week....nothins free....you cant even die for free...god thats funny.......... sorry bout your luck...hope it works out for you...... More...

Tax Research 1221, 1231? Help?
I am working on a tax research problem for school. I am totally stuck on what the undeveloped land would be? Is it a 1221 captial asset, but the loss is treated as ordinary since it's in his line of business? A case I found is implying this, but doesn't seem to clearly state so. If it is, what section of the code covers it? How does it affect the 1231 asset of the rental units? Any help is greatly appreciated. "Mary is both a real estate developer and the owner and manager of residentia...

Molly:I'm just going off the top of my head here without looking anything up, so just use my answer as a guide and not fact. (Because staring at the code is factual, but sometimes doesn't get you very far in thought.) The rental property. Chop this up into three components - land, building and personal... More...

Can you help with filling in the self-asessment tax form?
Hi, my boyfriend is a self-employed brick-layer so he files his own tax returns. We got help from the Inland Revenue last year when it came to filling it in, but he can't remember where to put the information that is needed on the form (they are so damn confusing!). All he needs to put on it (with the exception of personal details), is how much he earned, how much he was taxed (C.I.S. scheme), and what his expenses were. Can anyone help with where specifically on the form the information needs t...

^_^ vinh le ^_^:Just pay for attoney $40, he or she will help you fill it out... More...