 Got an email from the IRS, how do I know it's legitimate? |
The email says I'm entitled to a refund and then wants me to click on this link: http://www.bertorotta.it
This looks like a spoofing attempt to me, does anyone ... |
|
 My mother died owing the IRS. The estate does not have enough $ to pay debt. Do heirs inherit the debt? |
| My grandfather died in 1997. My mother received her share of the estate in 2005. She then died in 2006. She had given away 80% of the cash she inherited before paying any estate taxes. The ... |
|
 Income tax does nor exist 4me. have never, ever paid a flippin' cent 4'ncmtx. what's in stock 4me, jail? |
i wouldn't mind serving time in jail as long as the chow is good and i ain't 2work 2hrd and i have some kind on relaxation on
week-ends..... |
|
 Stimulus check, how you spending? |
| I'm so happy it paid off my husbands CC, and our regular return this yr paid off mine, with the cost of fuel, food and etc going up, up away it'll help. But we were smart and cut up the ... |
|
 If the IRS was abolished how much danger are accountants in? |
I'm going to school to be an accountant, But I'm also supporting Ron Paul (You know, beacuse I care about America and Freedom)
But if He started working to abolish the IRS and ... |
|
 I received a letter rom the UK lotteries that I won a cool million bucks. Ok, I know wta u're thinking.? |
| These people hv not asked me for any 'fees' or anything but hv accepted my suggestion to allow me to come over to the UK to collect the prize myself. So, what do u think? Shoud I go or not?... |
|
 Employer failed to send me a 1099 form. What should I do? |
| I worked as an independent contractor for a small law firm for about 2 months. I don't have copies of my checks or the total amount i earned. They did not send me the 1099 at the end of the ... |
|
 I am due to pay a cheque into my Lloyds TSB bank acc today (Wed). When will I be able to draw on this cheque.? |
| Dont forget that we loose a working day on Monday, because of the bank holiday and we have Sat and Sun too to account for.... |
|
 Is taking fewer deductions to have a large tax refund smart? |
| My husband insists on rigging his w-4 so that we pay out a lot in taxes and get a 6,000 to 7,000 tax refund every year. While this has been nice and something to look forward to every Janurary, I ... |
|
 I bet you can't answer this.........? |
| Can I claim a tax credit if I pay a relative to watch my kid instead of a daycare?... |
|
|  |
Chi Bears #1 | How easy is it to file taxes for a first time homeowner?? |
I have always done my taxes for myself online using one of the many free websites. However, in the last year I have bought a home and was wondering if its much more complicated??
-I am single
-had only 1 job this last year
-own only one home/property
is this something I can easily do myself or should I take to a professional |
 |
 
jim
 |
I'm an accountant. You can easily do your taxes yourself. Now that you have a home you'll probably be itemizing your deductions. You can now deduct your mortgage interest, property taxes, state income taxes, if any, and charitable contributions. I use TaxAct. It's really easy. All you have to do is answer the questions and fill in the information. And it's pretty inexpensive. I think I paid $15 to file both Federal & State last year. Don't use a professional. They'll charge you a couple hundred dollars AND they'll use the same kind of software as TaxAct or TurboTax. Good luck. |
|
mliu_work
|
You'll get appropriate tax information in the mail (form 1098) early next year on the amount of mortgage interest you've paid during 2006, which you can input into the tax filing program and it will calculate your itemized deductions on Schedule A. Property taxes are also an itemized deduction, as are state income taxes.
Note that there are some income limitations relating to total itemized deductions (partial phaseout of the total amount if you make over $X in adjusted gross income). |
|
Thin Kaboudit
|
If you are using tax software it won't be any harder at all, you'll just have a couple extra lines to fill in. The interest you pay on your mortgage loan is deductible, so by filling in those few extra lines you will likely be pleasantly surprised!
Congratulations on owning a home... |
|
Dave
 |
It is pretty easy. You will just take the interest amount from the 1098 provided my your mortgage company and put that amount on the schedule A. then follow the directions to get it to the 1040. If you are using tax software, then it will probably do it for you. All you have to do is put in the number. You will also want to deduct property taxes paid in the year in question. |
|
Mathew
 |
If you are a Chicago Bears fan you will surely need professional help! Just kidding, you should be able to do yourself how ever you may be surprise that the house might not result in an increase in your deductions over the standard deduction if you bought the house lat in the year. |
|
Bryce B
 |
I have always just used an online service (Turbotax) and it was virtually no harder to do once I bought my house. Just a couple more questions to answer. |
|
STEVEN F
 |
As most of the others have said, its not much different than before you bought the house. It is likely you would benefit from itemizing deductions. If you have not done so before, you should familiarize yourself with other itemized deductions that you may qualify for. You should keep records of these items to maximize your itemized deductions and minimize your tax liability. |
|
skip
|
it's easy to do but don't forget the figures on your HUD-1. If you can't decipher that, you need an accountant.
BTW, any accountant worthy of the name uses software that is more advanced than any off-the-shelf package from Best Buy or wherever. |
|
tmlamora1
 |
The only difference is filing a Schedule A with your 1040; if you were using 1040A short form, you have to go with the long form, unless your deductions aren't greater than the standard deduction. You want to gather all your closing papers together so you can deduct any points/closing costs, as well as the interest, real estate taxes, etc. that you might have paid this year. It's easy enough, if you don't try to go hunting for all your info while you're doing them.. |
|
DS
|
Yes, you can easily do it yourself! :)
I suggest H&R Block's website. They have free e-filing and there is a lot of helpful information on the site.
Good luck!
http://www.handrblock.com/ |
|
You are loved
|
This should be simple enough, just refer to the explanations and things that apply, it should be a few more questions, and you'll need to enter the amount of interest paid, in order to get the appropriate breakdown and calculations, you'll need to have your tax statement from your lender for that year.
It won't be complicated, it's just a longer form. Not too bad. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 35 minutes(s) ago
| | | |
11 | 53 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 5 day(s) ago
| | | |
11 | 2 week(s) ago
| | | |
10 | 1 month(s) ago
| | | |
11 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
