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 I have not filed my taxes in about 8 years., please help me how to start.?
I'm low income individual and with no permanent job in the past or present, is there a way to do income tax without W2 forms; what do I expect when I decide to filed; I have with me about 3 W2 ...


 Claiming daycare on your tax returns?
What's the process on this? Can you claim the daycare costs if your child was at any daycare (licensed/unlicensed)?

Just curious. (Yeah, I'm already thinking of tax time. I ...


 I am self employed and need to know how to go about paying into Social security?
...


 My father recently died and I will receive approximately $65,000 mostly from an IRA. What will my taxes be?
He lived in Nevada and I live in Ohio. I will receive about $3000 from his personal possessions/property, $7000 from a bank account, $55,000 from an IRA....


 I live with my parents and i have a daughter i make above 3,400 a year can they claim my daughter on taxes?
please help!!!...


 I am 22 made 4,000$ but my dad filed me as dependant will I get a refund with the stimulus law?
I am 22 College Student and my dumb dad made me file dependant... will i still get 600 or 300$ from the stimulus package?...


 Will i receive a stimulus money on dependents i claim on my return?
1 child age 21 didn't file a return low income and didn't pay any federal tax
1 child part time college and filed a return
and i claim my elderly mother did not file a return soc ...


 How ruthless is the IRS?
What do they have the power to do, and to what extent can they use it?...


 If I don't claim my son as a dependent on my taxes, can he still be covered under my medical insurance?
My son is 21 years old, a full time college student and is covered under our medical insurance policy. When he files his taxes he wants to be able to take his own deductions on his return. I hope ...


 Tax refund- do you get refunded for your social security?
assuming you qualify for refund (which i sure do this year!!), would you be refunded for money spent on Medicaid + Social security? Or is it just Federal withholdings that you get refunded on?...


 Can you deduct interest on a camper trailer or can a camper trailer help on you income taxes?
...


 Stimulus check?!?!?
a lot of people had said they got a letter in the mail saying how much there check would be and when they would get it, i did receive a letter in the mail well before taxes where do stating that a ...


 Recently retired from job. Where should i invest to get maximum earning?
I got Rs.10 lakhs as retirement benefits and want to invest in a safe place and also expect maximum income from ...


 Can anyone prove to me that income taxes have to be paid?
Or are we just laying over like lambs and letting Uncle Sam steal our money. I also can't find any REAL proof such as documents or even copies of anywhere of the 16th ammendment being ratified....


 What is the ammount of money Poles get to buy a car to get to work in the uk?
...


 How many people now are ready for a tax increase?
...


 At what age does one not have to file to IRS?
...


 Is there any legal way to avoid paying capital gain taxes on the sale of rental real estate property?
...


 Am i eligible for IRS Stimulus payment?
If my mother claims me as a Dependant, am i still eligible for the IRS stimulus payment?...


 If you no about tax preparation (PLEASE HELP)?
okay I have only worked for 7 months this year and earned about 7500 dollars this year. i have have a two year old and a 4 month old.

How much tax refund am I availible to recieve.
W...



Laura S
How do I write off closing costs on my taxes, and where do I enter that information on form 1040?
                     
 




tacoma_fast_ball
Rating
Hire a C.P.A they will get you more back then you will spend


Bettina C
Rating
Closing costs are not deductible on your tax return. But make sure you check whether your HUD statement shows any pro-rated interest or property taxes. These are deductible on Schedule A.

Keep the closing statement. When you sell your home, a lot of the closing costs can be added to the basis of your home and thus reduce your capital gain. This is especially important if you live in an area where prices rise substantially and you exceed your tax-free limit on your capital gain on a principal residence ($250k if you're single, $500k if you're married). Check for the rules on http://www.irs.gov - you'll have to live there at least 2 years for the capital gain to be tax free.


Judy1
Rating
Other than amounts paid for mortgage interest and real estate taxes, closing costs aren't deductible.


Lee
Interest and taxes paid are the only amounts you can write off from your closing costs. They go on schedule A, if you itemize. Commissions, inspection, and whatever else are not deductible.


kja63
Rating
I don't remember closing cost (when buying a house) being tax deductible.


Up your Maslow
Rating
Closing what?


progunr
Rating
You can't!! The only thing deductible is your interest.


?
Rating
Send it to uncle SAM, but I do not know if he will let you this year over the prices he has got to pay out.


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