 Can i e-file returns with turbotax? |
Additional Details
how do you do it?... |
|
 Can somone explain to me how a tax rebate is supposed to boost the US economy ? |
| I have been hearing this for awhile now, but I don't understand how this is going to work. Thanks.... |
|
 What to do if i owe money to the IRS?where should i go? |
| I've never owed money to irs is it possible it is a mistake?... |
|
 What can the IRS do to you for not filing tax returns if you owe money? |
| I was divorced 2 years ago, (wife was cheating on me)had to dig into my retirement to settle with wife, she's not liable for the taxes and i'm broke and really depressed, so i decided that I... |
|
 Can My Husband Claim me on his w2 (tax exemption)? |
| We recently moved to VA and I will be going to graduate school next year. We dont have any children. I do not work. Can he now claim "2" tax exemptions on his work W2 form. Can I be ... |
|
 If u get paid £11,000 a year, how much is that each month??? |
| Salaries for junior designers may start at around £11,000 a year and i need to know how much it is a ... |
|
 My husband and i filed seperate taxes mine single his head of household are we in trouble i didntno til 2day? |
| I'M TRYING TO FIND OUT IF I GOT SCREWED BY THE TAX COMPANY THAT I USED BECAUSE I'M TRYING TO APPLY FOR FINANCIAL AID AND THEY TOLD ME THAT I HAVE TO FILE AN AMENDED TAX RETURN THAT STATES I ... |
|
 Ok i need more help-yesterday i talked to my friend robert and he said he claimed his brother on taxes he? |
| said he had right to,now the parents said they claimed him. i don't know much about this,but i know that more than 1 person CAN NOT claim the same individual-its not possible! he thinks im wrong-... |
|
| First year for my 401k and I wonder do I have to file the amount I have paid into it with my taxes? |
| This is the first year I have ever put money into a retirement plan and I was not sure if I am to file the monetary information on my taxes. I have not borrowed against the 401k or transferred any ... |
|
 I got married last year on December 15. My father inlaw has claimed my wife as a dependant.? |
How do I file for this year? Do I file single?
Additional Details
My wife is 20. My father inlaw pays for her university tution so I guess he figured it will be fine. I just filed today ... |
|
 My national insurance number has changed is this possible ( UK)? |
| I have been self employed for 2 years and I'm now starting a salaried job again and my new employer has asked for proof of my National insurance no, so I have given the number from my last self ... |
|
 Im wondering if my b/f should claim BOTH kids for taxes this year, since he made more money.? |
or if we should each claim one child. I want the most money back, which I'm sure everyone understands.
Additional Details
He is the father of the children, but we did not live ... |
|
|  |
mysti l | Do you have to pay taxes on the previous years refund? |
My boyfriend was recently told he had to pay taxes on last years return. Is this true? |
 |
 
Rob
 |
If your boyfriend itemized his deductions on his prior year tax return and claimed his state taxes as a deduction, and then he recieved a refund, he would have to claim the refund on this years taxes. If he took the standard deduction he would not have to claim the refund as income this year.
For more information call 1-800-829-1040 |
|
yarrie15
|
He does not have to claim his federal refund. However if he Itimized last year and he is Itimizing this year then he has to claim his 2005 State Refund on his 2006 Federal Return. |
|
jinenglish68
|
Is the refund from his Federal return, or from his state return.
If it's from the Federal return, it is not considered income for any purpose, so no tax would be due.
If it's from the state return, it may be considered income, especially if he itemized his deductions last year. If he didn't itemize, there is no income. |
|
Judy1
|
Not on a federal refund. But if you received money back for a state or local return last year, and you itemized and took the whole amount you paid in as an itemized deduction, then you pay tax this year on what was refunded last year but you had deducted.
If you didn't itemize the previous year, you don't have to worry about it. |
|
Country Boy
 |
If you did not itemize your deductions on your Federal tax return for the same year that the state or local tax refund applies to, do not report any of the refund as income.
If you received a refund of state or local income taxes this year that you took an itemized deduction for in an earlier year, you may have to include all or part of the refund as income on your tax return. The Form 1040 instructions for the state and local tax refund line provide you with a worksheet to calculate the amount of your refund that is taxable. There is a more detailed worksheet called Itemized Deduction Recoveries in Publication 525, Taxable and Nontaxable Income. Report your taxable State or Local Refunds on Form 1040 (PDF). You cannot use Form 1040A (PDF) or Form 1040EZ (PDF). Refer to Tax Topic 405, Refund of State and Local Taxes, and Publication 525, Taxable and Nontaxable Income, for further information. |
|
Mahal
 |
Only if you itemize deductions, and only with tax refunds that you claimed last year as a deduction.
You're not really paying taxes on it, you're giving your deduction back.
(It's actually illegal for one government entity to tax another, that's why federal bonds are deductible on state returns and state and municipal bonds are deductible on federal. So any money you get directly from the state can't be touched by the IRS, and the only way you can ever pay on it is to first claim it as a deductible tax. Notice that you'll never have to do this with sales tax--because you never get sales tax refunded back to you.) |
|
kja63
|
USA, Federal refund if you itemized, no.
NY State refund, yes. Your state may be different. |
|
skcs69
|
No. |
|
KB
|
Shouldn't be. If you get a tax REFUND it's because TOO MUCH MONEY was taken out for your taxes from the previous year, and the government owes it back to you. It's a TAX REFUND, it does not constitute INCOME, so you don't have to tax it. |
|
?
|
No, that would completely defeat the purpose of filing and receiving a refund on overpaid taxes! Unless, of course, he owed taxes last year and did not pay them. Then, yes, there is fine. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 27 minutes(s) ago
| | | |
10 | 48 minutes(s) ago
| | | |
10 | 52 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
11 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
