 Can someone win against the IRS? |
Has anyone ever won a legal battle against the IRS, as far as proving that they didn't make "income" for a particular tax year?
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Wayne Z- Are you ... |
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 Pay IRS before getting refund? |
| So i know i have to file my taxes before i can get the new refund checks but i owe them 150 dollars. does that have to be paid before they send the refund?... |
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 I am being audited by the IRS for the year 2006. I have a retired IRS employee who does tax returns on the? |
| side, and I pay her. The IRS says some income was not reported and now I owe $815. Who is responsible to pay this money? Me or the paid tax preparer?... |
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 Married filing separate and joint? |
| i think my ex husband (final as of 3-16-07) may have filed MFJ or single on his tax return. In our divorce decree it clearly states that why BOTH must file married filing separate as we could not ... |
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 I have not paid my taxes in 2 years..help!? |
| I never owe. I have always gptten like 1000 dollars back every year. But because I am behind on student payments, they always take it anyways. So for the past 2 years I haven't bothered. I want ... |
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 Why is my former employer reporting 1099 income for my rolled-over 401(k)? |
| I left my company last year and promptly rolled over all of my 401(k) *directly* to an IRA. I've done this several times before. I almost had a heart attack when I got a 1099 from them ... |
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 Do do employment taxes reduce Federal income tax? |
for insta
nce, let's say you earn $100 before tax wages.
$7.65 gets taken out for FICA taxes
Ignoring exemptions and other deductions, do you pay income tax on ... |
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 Is 125,000/year a good salary? |
I have a job offer that could bring me that. It's a reduction from what I am making now (reduced by about 50,000/year). However, I can spend more time with my family.
Any comments?... |
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 Do I have to pay taxes on lotto winnings if I do't live in the UK? |
| I have won a promo but before my prize is released to me they said I would have to Pay taxes on the money I won because I don't live in that countryand they don't take it out of the prise ... |
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 I just filrd my income taxes for the years 2001, 2003, 2004, 2005, 2006 what the penlties for this? |
| i just file late for all those years how long will it take before i hear anything from the IRS or the State. And is it to to get a refund on the years 2001 & 2003?... |
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 I have a confusing tax situation,please help!!? |
| I was paid 4000.00 from unemployment compensation in 2006 and have a w2 from 2005(that I did not use when I filed 2005 taxes last yr). The W2 states that I made $170.00, and paid $10.54 in SS tax ... |
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 Do I Need To Pay Estimated Tax On My Partime Business If I Have A Job? |
| I'm starting an online mailorder business from my house..I will have no employee's.will i have to file estimated tax or can i just file before April 15?... |
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 Change to 10% income tax band? |
| I says that from 6 April 2008, the starting rate of 10% is abolished for non-savings income. What exactly is 'non-savings income'?... |
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 Please can someone tell me whether 18 yr olds in full time study have to pay council tax? |
When does a one parent mum lose child benefit for their 17 + children if they are in full time study and cannot contribute to household expenses.
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tx all fr replies.
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 How much will my refunfd be???? the rebate? |
I paid 2100-2200 in federal taxes this last year.
I earned 25,900
single no dependants
How much you think??... |
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Ro~zia | If you split the cost of a house with someone, what document determines who takes the property tax deduction? |
In other words, who of the two owners are allowed the tax deduction for property tax and mortgage interest if the title and mortgage papers have only one owner's name on it? |
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bostonianinmo
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You can split the interest and property taxes if you actually shared the expense. If the interest was reported on a Form 1098 (it usually is, or a form letter that takes its place) include a note on the return of the person whose name and SS number is on the 1098 explaining that the balance of the interest deduction goes to the other owner and provide that person's name and SS number. You'll have to file a paper return. |
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The Cythian
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If the deed and mortgage have only one name, that is the person who gets the deductions. Its the tax law, check with the IRS. |
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friendly advice from maine
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Simple. The person who's name is on the title and mortgage is the only person(s) allowed to actually claim the deduction. The IRS can obtain a copy of your end of year report (1099 form - I believe) from the mortgage company (if they are not already receiving one)
Hopefully you have more than a say so agreement on your property in case one of you were to have an unfortunate event occur. |
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ThinkaboutThis
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I realize that only one person can take the property tax deduction, and it would seem to me that the obvious choice would be the person whose name is on the mortgage papers. However, somehow I can't but think that there is more to your question. Surely whatever return you receive you will be splitting that portion calculated from the mortage with the person whom you split the cost of the house. |
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rhsaunders
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If there is only one name on the papers, that person gets the benefits. But joint tenants may agree to split things up, and each would take that portion (typically half) prescribed by the agreement. A note to that effect added to the tax return will keep the revenooers happy. |
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Lilly
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The name of the owner of the house gets the tax deduction.
If you are not married, or "domestic same sex state partner" then you have no rights.
You are considered a tennant and can deduct renters tax.
if you are paying 1/2 the house payment-- and don't have your name on the deed to the house, or the bank records that you are a co-owner, you don't have a home, you have no legal rights, unless you are married, or have lived like a married couple for over 7 years then you would have to go to court.
Sorry, this sounds like you have been paying for 1/2 of someones morgage, and you are in the eyes of the law a TENNANT. A RENTER. I would get a renter's agreement, or have my name added as co-owner.
Do you pay property taxes too???? hummmmmmmmm? |
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sgirl
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I would assume that if one person's name was on it, only that person could claim it.
In our case, both of our names were on the documents. We would either take turns getting the deduction or split it. What ever worked best for the year. |
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Kacky
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It's the person who is named on the mortgage. Then it's up to them to give the other their share. |
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Jb
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Are these posts a joke? Publication 936 clearly states that mortgage interest can be split between co-owners REGARDLESS or the name on the 1098. Just include a document explaining why you are only taking a certain share and include the name and social of the person entitled to the other share. |
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LMM
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Good discussion. Just to clarify - my name is on the deed, along with my father's name. However, his name alone is one the mortgage. I lived in the home as a primary residence and paid half of the mortgage and all other expenses. Would I be able to claim have of the mortgage? And if so, how would I document this on my 2010 tax form; would a letter suffice from my father? |
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