 Can I include the value of recent repairs in my tax write off when donating an old car? |
| I would like to donate a very old and beaten up car. In addition to the Kelly Blue Book value for my car, I would like to claim the $700 in necessary repairs I recently had performed. Without these ... |
|
 Who can claim a child on Tax Return? |
| Late June 2007-My daughter moved out of her residense she shared w/ her boyfriend, taking her child with her. She never held a job. Her boyfriend/ the father of her child held jobs here & there. T... |
|
 I'm filling out my own tax return this year for lack of money to pay an accountant.................. |
what are the penalties for making mistakes - i.e., reporting numbers in the wrong place thereby changing AGI (for example)?
I just don't want to go to jail for making honest mistakes.<... |
|
 Why is my Child & Dependent care credit =$0! TaxAct.? |
I paid close to $7000 for son's preschool but TaxAct software gives me $0 credit. I have entered all the info correctly.
I know the minimum child credit in my situation should be $600.
... |
|
 Wrong social on w2? |
| does anyone know what forms need to be filed.. or the procedure when your ss# is wrong on your w2? my employer says that they cannot correct it.... |
|
 Why do people allow themselves to be overwithheld on their taxes? |
By allowing yourself to be overwithheld and then getting a big refund check is like giivng the government an interest free loan all year.
On the IRS website, there is even a calculator where ... |
|
 Does it cost more to have your taxes taken out with your mortgage? |
| When I pay my mortgage all of my state and school taxes are included in the monthly payment I make. A friend told me that you save a bunch of money if you pay the taxes separately. I think he's ... |
|
 I just asked this question like a half hr ago but only got one answer....? |
| How much money do you get back per child? I heard that it's 1500 from one person and another person told me that you don't get anything. Can someone tell me please? I am not married but I ... |
|
 Confused about the W-4? |
This is my first job and I have to fill out a W-4.
I'm single and 19 years old. My dad said he's still claiming me as a dependent. I think I was asked to fill out exemptions and the ... |
|
 I did a small amount of computer work for someone and that totalled $650. He mailed me a 1099-MISC!!!!!? |
| Anyway the work was done between 05 and 06. It was such a small amount in 05 that I didn't even report it that year. Federal taxes were never taken out of it either. It was paid out with ... |
|
 How would the irs know? |
| i know someone that is married and just did her taxes and filed head of household so she would get a bigger refund. her husband is also going to file head of household under a different address. how ... |
|
|  |
Mar Mar the Candy Bar | I had multiple jobs this year but want to file my federal taxes using the first W2 I receive? |
And then go back and file an amended return when I get my other W2s. See, one of my jobs was with a huge charity, another was for the community college, and the last was for a small 8 person doctor's office. I know that the charity and the college are going to take forever getting the W2s out, and I really need my EIC as soon as possible. Will there be any big problem with this, other than the time it takes to file the amended return?
Additional Details
Can't I file my amended return after I get my refund? It's just a really desperate situation. |
 |
 
Judy1
 |
No, that's illegal. And besides, EIC is calculated based on your income, so the EIC wouldn't be the right amount. Either you would end up UNDERpaid for EIC, or else you'd be overpaid for it and have to pay the extra back, plus interest and maybe penalties, and could be banned from getting EIC for the next several years. Either way, you end up causing yourself more problems.
You need to find a different solution for your situation. Good luck. |
|
v b
|
No, No, No.
Wait for all three W-2s and then file.
Your EIC is based on all of your income. When you cheat (and it is cheating to file with less than all of your income) and file just 1 or 2 W-2s, you invariably get too much EIC.
Then when you file the amended return you owe the excess EIC back. |
|
wartz
 |
Your amended return will take 8 to 12 weeks to process so, disregarding everything else, you would be shooting yourself in the foot. |
|
bostonianinmo
 |
You could easily wind up shooting yourself in the foot with this. It's entirely possible to qualify for the max EIC with the first return, yet not qualify for it at all with the amended return. In that case, you'd need to pay back the IRS in full. They could also wind up barring you from claiming the EIC for up to 10 years if they felt that your original claim was fraudulent.
Have a look at the bottom of Form 1040, where you sign. You are certifying under penalty of perjury that the return is true and complete to the best of your knowledge. Filing an incomplete return as you propose is therefore committing perjury. Don't go there! |
|
acmeraven
 |
When you sign the jurat stating that the return you file is complete and honest and yada and file the return it is considered "perjury" to lie thereon. If you know you have more W-2's coming then you could be taken to task for your misstatement. That is what martha stewart spent a couple of years in prison for; why take the chance? The IRS isn't going to be up and running for returns untill the middle of January anyway, your W-2's are all supposed to be in your hands by the end of the month. |
|
Alanya A
|
As far as I know and have ever heard, by law everyone has to get you a W2 by February 1st. Unless you didn't give them an up to date address, then it wouldn't be their fault :) |
|
prescientone
 |
They are required to send them to you by Jan 31. You could also use the last pay stubs as input...have the return ready to go...and file as soon as you get the actual forms. The IRS will not like filing an amended return for that reason |
|
Doctor Deth
|
you can't do that - you'll probably wind up owing money on the amended return, and you could wind up owing penalties and interest for filing a fraudulent tax return - you should have ALL your w-2's within a week or so of each other |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 32 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 5 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
7 | 2 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
