 How to tell if im beening scamed? |
| im new on computers.ive got an email from"feDex courier" <fedexnigeria_courierdelivery@live.com> stating i have a large sum of money,for a handling fee of 185.00.do i report this to ... |
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 Who should claim the kids for taxes? |
| My fiance made more money than I did last year so I was wondering who should claim the kids for taxes? I always thought the person who made the least should claim them, but then somebody else told ... |
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 If I did not work during the past year, do I still have to file taxes? |
| I didn't have a job this year, and didn't recieve a W2 form in the mail, etc. Do I still have to file taxes?... |
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 Follow up question: If I Incorporate, do I pay taxes twice? |
So i'm planning on incorporating and more and more I realize I need to get in contact with an accountant, but my question is simple I think.
If I incorporate (as the company's ... |
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 Should i have gone with someone else to do my taxes? |
| my cousin is a cpa and i always go to him. my boyfriend said i should go to h&r block to get it done. i went to my cousin again and got 1/3 of what i paid. my boyfriend says i should have gotten ... |
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 In Northern Ireland we pay for water in our normal rates but now we are being hit with a separate water tax... |
| Is it legal to be taxed twice for the same thing and why have our politicians done nothing about this!!!???????... |
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 Anyone had a fraudulent letter from hm revenue and customs? |
| regarding a tax code change even tho its not april yet ? also saying i work for a company called kelly services ! i have never heard of them and have never worked for them.... |
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| What is the difference between the provident fund account & saving bank account? |
| what is the difference in provident fund account (ppf) as compared to saving bank account? if i invest my money in provident fund account can i withdrawl the money any time i want and would it be ... |
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 Tax Return money without W2 in Dayton, Ohio? |
| I live in Dayton, OH (obviously). I worked 4 jobs this year. I need to find out where these places are that can get me my tax return check without my W2.... |
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 If you were a nomad, and travelled around the USA in your car, would you have to pay taxes? |
| of course you'd have to pay sales tax and such, but would the IRS be after you for state and federal taxes?... |
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 I've been claiming 0 on my W-4. Would it be wise to change to 1 allowance? |
| I've been reading on the internet on this, but just need this answered. I am single, one job, and only make around 17-18K a year. I've always filed 0, but would rather have the money in my ... |
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 I am working in Bangalore?There is PT deduction from my salary? |
Amount of 200Rs got deducted from my salary every month on the name of PT. I came here from Punjab for job.Will anyone explain me what is this PT. and how to save this deduction.
Thanx in ... |
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 My mother filed for me on her taxes without my permission? |
I am 25 with a baby and a full-time student. On my FAFSA, I stated that no one can claim me as dependent.
I am also concerned that this will affect my financial aid because my mother is a ... |
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 Has anyone actually received there stimulas check yet from the goverment? |
| I'm wondering if anyone has received there stimulas check yet from the goverment? I read online that if you had direct deposit they where to start going out on tuesday I think it was. From what ... |
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Sleepymunkey | How will the IRS verify the eligibility for the First-Time Homebuyer Credit? |
I know the requirements, but I'm curious as to how the IRS verifies that one meets the requirements. Thanks. |
 |
 
Wayne Z
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Hypothetical example........
"Dear Mr. and Mrs. xxxx".
"Please send a copy of your closing paperwork (page 1 of your HUD-1 Form) to the IRS at this address. Failure to comply will mean the elimination of the credit for first time home buyers......"
"Sincerely"
"The IRS"
Quick and clean
Obviously, the IRS does not publish what it intends to do but checking this would be quite easy for them. |
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Bob F
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Like everything on your tax return - they trust that you put down the truth. Until the audit. Then you pay back everything that you cannot prove to their satisfaction with documentation. So keep your closing papers at least the 15 years that you are paying back the "credit" plus three more years. |
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waggy_33
 |
They don't want paperwork from you unless they audit your return. All they have to look at is your tax return. If you start itemizing deductions and show real estate taxes and home mortgage interest on schedule A for this year and you did not have these items in a prior year they have their proof. |
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Judy1
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They haven't said how they will verify it, but on the form you have to put the address and date of purchase, and transfers of home ownership is public record. |
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hrblockerrolquinn
 |
Dear sleepy: They WILL know. The IRS is a very sophisticated organization and there are many ways to verify the home purchase. There are controls in their software that assure compliance. I have also found in dealing with these people they are just like us..pretty good people.
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provide. Click on my profile to read more.
Errol Quinn Enrolled Agent Master Tax Advisor |
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v b
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In addition to Wayne's comment, there will be other ways too. The IRS can see your past and future tax returns, as well as your W-2s, 1098s, 1099-S, etc. The audits for people who never-bought-a-house-but-say-they-did will go on for years--particularly if the housing associations say that x number got sold and 10 times that show up on the tax return....
Owning a home affects a lot of things.
I expect the fax machines to be busy at the IRS. |
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Steve
 |
I would imagine (for people that purchased prior to the effective date - say in 2007) that their system would check for anyone who deducted mortgage interest on a prior return. |
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Cat
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Wayne is correct.
Also keep inmind, because I think a lot of folks overlook this part -is that the credit is really more of a loan. After two years, you start paying it back, a little each year, on the next fifteen tax returns. |
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