 I haven't filed taxes in quite a few years. I haven't owed anything. How far back should I file? |
| I've been meaning to file for years, but for one reason or another, I never have. (I KNOW I'M SUPPOSED TO FILE EVEN THOUGH I DON'T OWE, BUT I'VE ALREADY ADMITTED THAT I HAVEN'... |
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 In any way, Can X-boyfriend claim me on His Federal Tax Form? |
| Lived together several years, parted 2002 as friends. For many reasons, he has continued to give me $ every month since parted (never over Fed gift amount per yr. Example: $12,000 is max for 2006-20... |
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 I own a duplex, Would I be able to incorporate myself and then, rent from myself? Tax benefits would be great |
| I am thinking that if I could do the above, my home repairs, and many other expenses would be tax deductible come tax time :)... |
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 Haven't filed taxes in 7 years? please help IRS is after me? |
| might be more than 7? but here goes...worked for self 4 or 5 years..during a bitter divorce...all my files were destroyed..during that time my home was repossessed, and the IRS is saying that the ... |
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 Will i have to pay tax on rental income (uk)? |
| Even when the rental income does not cover the mortgage repayments.... |
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 How do I claim my tax back if I'm unemployed? |
| I worked on emergency tax code for 6 months at three workplaces and need to claim back A LOT OF MONEY. I've heard I have to give the P45s to my current employer but I'm unemployed at the ... |
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 Can my boyfriend claim me on his taxes? |
| Me and my boyfriend have a daughter together and we have live together for a year. I have not worked at all, because i am a student. Can he claim me on his taxes?... |
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 When should I expect to recieve the tax refund in the mail? |
| I have heard different stories about recieving a check in the mail to build up the economy....when should it be coming in the mail and how much does each individual recieve?... |
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 In 2006 my son turned 18 .So in 07 on his taxes he claimed himself.His father also claimed him.Was he right? |
| I thought that because he was 18 before the half year that he can claim himself.His father said that he could not claim himself.My son never lived with him .His father could claim him up until he ... |
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 I have a tax question? |
| OK, last year, I had over $1,000 in church tithes. I gave it to the woman who did my taxes for last year, and she said the amount had to be $5,000 or more to be counted. My question is, can I count ... |
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 My yearly income is Rs-101160,Is my Salary is Taxable? |
| Actly company deduct TDS from my salary @ 10.33%,So how can i get back ?... |
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 Can two dwellings that share the same address both file head of household? |
| I bought a trailer home and had it put behind my parents house which is where i have been living for the past year. The problem is both myself and my mom files head of household. Is it possible for ... |
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 How much of gas price is taxes? |
I bet Bush Admin. made a lot of money last summer when gas was over $4/gal. I am just wondering how much they made.
It might be good way to help the economy.
Additional Details
W... |
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 Donate Cash to person with disability can be tax deduction? |
| I gave cash to someone with disability for him and his family over $2000. I don't have receipt, but he can write me a letter to proof that, can I still write this amount off???? any ... |
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 Where do you recommend getting taxes done through? |
| I have always done my taxes in the passed but, my fiance and I do craft shows and I made a lot of profit and have a lot of tax exempt stuff so I think it would be to much stress. I am going to get my ... |
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 What if my previous employer doesn't send me my W-2? |
| So, In late January of last year I quit my job. It ended on a bad note with my employer, whom I worked for in her house. She took out taxes and everything. What do I do if she doesn't send me my ... |
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 Is the irs illegal or legal? |
Additional Details
Ok, right if it is Volintary the why are so many in jail then,or why cant I get a job with out paying for this cr*p hm mm.
I think ill just leave the us and be ... |
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 Sould I pay my wife's 401 loan with my 401 to prevent taxes and fines? |
my wife just got laid off. She has a 401 loan around $6500 should I pay it off with my 401 to avoid taxes?
Additional Details
my wife just got laid off. She has a 401 loan around $6500 ... |
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mrs_trick_shot | Can remodeling be claimed on taxes? |
I am in the process of remodeling my rental apartment and I am wondering if the remodeling costs can be claimed on my income taxes for a refund |
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Judy1
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If you're renting out the property, repairs can be deducted from your taxes. Improvements are added to the basis of the property. Definitions of repairs vs. improvements for rental property are in IRS Publication 17, available at irs.gov. |
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hermjos33
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Remodeling can be claimed on your income tax if it was a medical necessity; such as: bathrooms, ramps, chair lifts, furnace/air conditioning for breathing problems, remodeling kitchen/bathroom for wheelchair access, etc. Anything that would better accomodate an ill or handicapped person should be tax deductible. |
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Jen B
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We were told that you can only claim remodeling costs when you sell your house. |
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Baseball inquisitive
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Improvements are used against Capital Gains upon the sale of your home. Save all your receipts, the day will come when you will make a profit and you can deduct the improvement costs. |
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misslabeled
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You will not get a refund of the costs, only a deduction in your tax liability when you sell it. |
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xtowgrunt
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If your renting, no. If you own it you can claim a deduction if you upgrade for energy efficiency, alternative power or handicapp access. |
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INACTIVE
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DEFINATELY!!! While I would usually suggest that you file your own taxes, if this is the first time go to a tax professional the first year so you can copy the process in the future. It will be well worth the money because you can claim not only your remodeling expense (labor, supplies, etc.), but you can claim the professional services of the tax professional. You can also claim the time that the unit remained unrented. |
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Oladipo Personal Finance Service
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Not to be used as a substitute for legal advice.
Remodeling or capital improvements increase your basis and cannot be claimed on your income taxes for a refund. Repairs however, can be claimed. The IRS has very strict rules as to what constitutes an improvement vs. a repair. |
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