 IRS audit... is my tax preparer liable? |
| We've used the same tax preparer for many years. Nothing fancy, one of the big name franchise's. Without any major deductions or audit flags we've been selected for an IRS audit. My ... |
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 Do I claim this income as hobby or business? |
| I have done a little software development work on the side. I really enjoy writing software, and because I write less and less for my job, I feel enthusiastic about writing for pleasure, plus ... |
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 Why did America drop the Atom bomb ? |
| With only 5 days left to the end of the second war why was it seen as neccessary to drop two atomic bombs on Japan ? weren't they going to surrender anyway ?... |
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 Can I claim my girlfriend on w-4? |
| We've been living together for two years. we rent a house. She makes about $13,000 a year, and I make a little more. Can I put 2 dependents, myself and her, if she puts 0 dependents. Also can ... |
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 Different between USPS and UPS? |
| I would like know what's the different between USPS and UPS?... |
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 I have a question about my tax filing status...? |
| I got married about a year ago. I haven't changed my filing status yet to married. I want to know what will happen to my weekly check if I change it to married. Will it go up or down? Is it a ... |
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 I KNOW THIS SOUNDS STUPID BUT HOW DO YOU FIGURE OUT THE TAX FOR a BILL.? |
| for example if my check came up to $17.45 how dou u figure the tax. i know that tax is 8.25 percent. so help me guys!... |
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 Question about tax return! Please Help!? |
| Ok our 2006 tax return was 1800 dollars we made 40,500 dollars for the year we have two children and we clain zero through the year and we also pay an extra 25 dollars each per week towards taxes. We ... |
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 Can you pls give me info on the date of the irs stimulus cks? |
| I was told we wld get our ck in our ckg acct-direct deposit by 5/16/08. Nothing yet. Any idea when we will get the ck?... |
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 Anyone still not recieved stimulus check from May 16th mailing date? |
My hubbys last 2 are 07, the irs site says our check is scheduled to be mailed on 16 may 2008.
Today is Wednesday May 28th and still no check....????
I live in NY, anyone else not recieve ... |
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 First time with Taxes! Help!? |
Do I have to file both state and federal? Under what conditions would someone only file state OR federal? Do you always file for both?
and if I owe to the federal, how do i pay them?... |
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 No! No! No! SOB crap!!!!? |
| I DONT KNOW HOW MUCH ONE REP FROM THE IRS KNOW FROM THE OTHER. BUT THIS IS WHAT ONE LADY JUST NOW TOLD ME!!!!!!!!!!!!!!!!! SHE SAID THERE IS A GLITCH (A FREAKIN GLITCH) WITH THE TURBO TAX THING. SHE S... |
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 If i earn £16000 ANNUM? |
HOW MUCH WILL BE TAXED ALLTOGETHER
AND i have a student loan as well [and it says if u start earning more than 15000 they start taking it back with ur nationalinsurance payments]
... |
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 Anyone ever claim gambling losses on tax return? |
| I won 25,000 on lottery and paid 25% taxes. If I claim equal losses, will I get back what I paid in?... |
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 How do i get copies of past years W-2 Forms if i dont have the employers info? |
| Can i contact the IRS and get them? I haven't file taxes since my divorce in 2001. I haven't owed anything, but i know i have a refund for 2003, 2004, and 2005, and 2006. I have 2005's ... |
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Vince P | I owe taxes. can i investy/buy in something to offset that? |
i did my taxes and found that i owe ~$600. so was wondering if i can buy some CDs or invest in some savings which can be tax deductible . basically instead of throwing that money away to IRS, invest and keep that money.
Additional Details
no i am not eligible to get tax deduction by opening a IRA due to my tax bracket and participating in employer retirement accnt |
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obelix
 |
Tax shelters are for this year. There is no way to avoid taxes you owe on last year's income. |
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derek
 |
Are you eligible to deduct your IRA contributions? |
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Judy1
|
An IRA would be the only way - and since you say you aren't eligible for that, then no, you'll have to pay the taxes. Even if buying CD's was a tax deduction, which it's not, it's too late now to do anything about 2006. |
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elliebear
|
You mean for next year.
This year Taxes will be done, and need to
be paid.
Also paying your Taxes is not throwing
money away.
Sometimes on your computer go into
my documents, open up a file to type.
Type all the the things you can think of
that is paid for, or in part by the Government.
There are many things.
You got to help by paying your part.
You might want the job to take more money
out of your Check for Taxes.
Then they might be paying you back money
In a Refund. |
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Chaney Lake Girl
|
If you qualify to do a traditional IRA, you could reduce your tax liability. |
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swdshmeatballs
 |
lol the irs will come and kill u if u dont pay |
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meltedwatches
|
Once you owe them, it's too late to deduct them. Some expenses are deductible, but they have to have been invested in during the tax year. If you did your taxes yourself, it may be helpful to take them to a professional just to make sure you're not missing anything, and they can tell you what kinds of things to invest your money in in the coming year to avoid this at tax time next year. |
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hortencia1269
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It's too late for last years taxes. You might as well pay em, and be done with it. As for this year, you could go back to your employer and change your #of dependents. See how to adjust it, so that they take out enough this year, so you won't be in the same situation next year. |
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James M
 |
College savings plan is deductable
IRA, not Roth, is deductable to $4100
Govenment I Bonds are Tax defered interest,
Annuities offer tax defered interest
Both of these in the end you will need to pay taxes on your investment.
You say you owe 600 in tax, in the 20% tax bracket you would need to offset that with a $3000 deduction, only thing around for that much is an IRA. And you need to put up the $3000 right now in the IRA before the 17th of April. |
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