 Is it possible to have my tax refund in 2 days if I file on Jan. 11? I have my W-2 and direct deposit.? |
Colbert and Ball says they can get my tax refund back to me within 2 days if I file with them using my W-2 forms on Jan. 11th. Also I will be using direct deposit.
So, is it possible for ... |
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 Aren't Tax Credits delightful? |
| I returned to work this time last year and for the first time ever was entilted to help with childcare and tax credits. The sum I received a month was just enough to cover my childcare and topped up ... |
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 Ex wife signed tax papers and kept entire refund, what can I have done to her? |
| Wife has been preparing taxes for over ten years. We separated in March. She signed my name to 1040 tax form, wants 1/2 of retirement, 1/2 of 401k, and Im paying out $600 child support. There was ... |
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 If I am getting married on Dec. 21st 2006, do I file my 2006 as married or single? |
| I'd prefer to file single to make things easier. Can I file as single for the whole year even though I got married in the last week and a half of 2006?... |
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 Here do i go to locate my w-2 forms for previos years? |
| i am looking for my w-2 forms from the years of 2004 and 2005.... |
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 When will I get my tax rebate? |
| Ok I looked on the IRS website and it said july 11th. Does that mean that is when it will be mailed or when I get it. if so how long does it take to get it after they mail?... |
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 Why does the county worries what cars and junk sit on your property when you pay for it? |
| See you pay property taxes, state taxes, insurance, ect. All that BS! And the county comes out write you a ticket fining because you have a truck with a blown engine! I think thats BS because you own ... |
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 Obama says he will cut taxes, however people are saying he will raise them? |
I heard a obama speech and he said he will "cut taxes", however, many people are saying that he wont, he will actually raise them..
This is a speech of obama's that I really liked ... |
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 What does the government or the state do about ppl who do not file their taxes? Do they track them down? |
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 Does my newborn qualify as a dependent? |
My child was born 10/29/2008
Today I filed my taxes, and I did not qualify for a child credit. Is this because he hasn't lived with me for more than 6 months? My boyfriend seems to think I ... |
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 Council tax problem? |
i couldnt pay my council tax bills due to being in and out of work. they sent court summons and i wrote them an offer letter in which i said i would pay £75 every month.
i sent them this ... |
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 Owe the IRS 80,000 in taxes. Cannot pay! does anyone know if you can file chapter 7 bk in the state of Ca? |
| MY HUSBAND AND MYSELF ARE BOTH IN THE RE AND MORTGAGE INDUSTRY. NEED I SAY MORE ?ON TOP OF EVERYTHING ELSE WE FOUND OUT IN MARCH WE WERE BEING AUDITED! SO WE HIRED AN ATTORNEY WHO PERFORMED THE AUDIT ... |
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questions mark | I sold home last year, I'm single and owned it for three years - profit from sale was 45k, is that taxable? |
Do I have to report the money I made (45k) from the sale of my condo which was my main and only residence when I file my income taxes? I owned it for almost three years and I'm single. |
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capeal
 |
The previous responses are accurate (125K if you're single, the 250 is joint). You still must claim it on Schedule D. You write "Sale, Prim Res" on the line, the sale price, adjusted cost basis, etc to get your "gain". The very next line, write "Sect 128 Deduction" and write in the exact opposite of your gain. Hence, you still report it, but it zeros out. |
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M H
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No, it is not taxable.
You had to have your home as your primary residence for two or more years. You can make up to $250,000 profit from the sale without reporting it as income for taxation purposes. And, you do not have to purchase another home to avoid the taxes, either. |
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pixilatedpi
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You do not have to pay capital gains taxes on the sale of your home if it was your residence. You have to have lived in it for 2 out of the last five years. |
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bostonianinmo
 |
No, it's not taxable. You may exclude up to $250,000 ($500,000 if married filing jointly) in gain on sale of a personal residence if:
1. It's your principal residence. Good to to there.
2. You lived in it for 2 of the 5 years immediately prior to the sale. Good to go there too.
3. You have not claimed the exclusion in the past 2 years. Check!
4. If married, you file a joint return. Doesn't apply to you!
So, your gain is TAX FREE. Enjoy your windfall! |
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Justsyd
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Internal Revenue Code 121 says each principal-residence seller who has owned and occupied a home at least 24 of the 60 months before its sale can claim up to $250,000 tax-free capital gains upon sale. |
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John
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The rule is "you had to live in the house for two out of the last five years". So, there is no tax if you lived in the house, as your principal residence, for at least two of the three years you owned it. If you meet this rule you do not need to declare this on your tax return. |
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jgrantspecial
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I know that you do not have to pay capitol gains tax on the sale of your home if you owned it for over 2 years, but you might have to still file it somehow so that the IRA doesnt red flag you for the large deposit into your bank acct |
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Lee
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It is not taxable. Whether you need to put it on your tax return or not depends. If the title company got things right and coded it as a homestead, you will not receive a 1099 and you do not need to include it on your tax return. If they messed it up and sent a 1099, which happens way too often, you show the sale on Schedule D of your tax return, but do not recognize a gain. |
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curmudgeon
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Yes, as a capital gain, unless you have bought another, more expensive property. |
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