 Unemployed son over 24 years of age, can be claimed dependent or not? |
| I have a son who became 24 in march of 2007. He was full time college student the whole year. He has $0 income in 2007. Therefore completely supported by me and my wife. Can I claim him as our ... |
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 Can you sell a house & keep the $ gained from sale or will IRS take it even if there isn't a lien or levy? |
| If you owe the IRS money and there isn't a lien or levy put against assets yet, can you walk away from the sale with the $ gained or will the IRS automatically take it?... |
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 My tax code is 479 L W1 what does the W1 part mean? |
| I earn a similar amount to my friends in the same industry but no one has this suffix?... |
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 Whats the longest one can go without filing taxes? |
| I cant make this years deadline because my W2 went to my old address in NYC and the person who has it hasnt sent it to me and I dont think she will anytime soon. Is this gonna be a problem? What can I... |
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 Before my mother entered a nursing home she signed a deed transferring title to her personal residence to me? |
| before my mother entered a nursing home she signed a deed transferring title to her personal residence to me her only child, i have never filed the deed with the county clerk's office and ... |
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 I am 19, live at home , work part time and go to college.? |
| I filed a tax return to receive the federal tax that was with held from my wages last year. However, my mother carried me on her return as her dependent. Will I get money from the stimulus package ... |
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 Bought tax cd in 05? |
| can I use TaxCut CD that I bought in 05 and never used and use to file for 06?... |
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 Does anyone know how I will get my stimulus payment? |
My dd refund came into my checking account from TAX FIN SERVICES DEPOSIT, not HR Block or US Treasury...so does that mean my stimulus will come from the IRS as dd or a check?
Additional Details<... |
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 Can my sister in law claim me on her taxes? |
| Ok I am married...Im am also 18 about to be 19...I lived with my sister in law and she supported me for 10 months.I was married 5 of those months yet she still supported me and my husband hasnt ... |
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 I just turned 18 and i still live with my mom when she files her taxes she is gonna claim me ? |
| now does this mean that i cant file my taxes at all or does it mean i can file them but not claim ... |
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 I have a question regarding transfer of money from business to personal accounts.? |
I recently set up a sole proprietorship because I was receiving funds from my friends business, kind of like a consulting fee, however the fees will bring in between 10k and 20k per year.
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 What happens if you filed as single but should have filed as married? |
| I got married outside of the US to a foreign national. I lived and worked in the US up until August of last year then left the US to move to my husband's country. My parents filed my tax claim ... |
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 I haven't filed my taxes since 2004 ? |
| I haven't filed my taxes since 2004. I always got a w-2 but I never had to pay into it. I always got a refund back. I never made over 3,000 dollars in any of those years. My boyfriend always ... |
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 How can I make my CPA happy? |
| I itemize deductions and have hundreds of receipts. My CPA always complains that I send my return in too disorganized to complete in a timely fashion. What can I do to organize more efficiently for ... |
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lunamacy | Is it customary to NOT receive a receipt of services at H&R Block? Our prep cost $469!? |
We became reluctant landlords last year when we couldn't sell our house. I am self-employed (made less than $10,000) and we moved to a new state. We decided to have a professional do our taxes, to make sure we were doing everything correctly. I was shocked when the price of the preparation came up. And then when I asked for an itemized receipt, they said they don't provide those. Can I demand one? Also, I found that the preparer did not enter our management fee costs and renter acquisition fee, which totaled $520 for last year. (We barely got the renter for our home in November.) When I called to talk to the Block about it, they said it would not affect my return. Is that correct? We are receiving all taxes back, since we took a $10,000 loss on our property. Would this not give us even a little bit more back on our return? I need every penny I can get! |
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tammykej
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there are very few refundable credits and the have to do with having children. a loss on a home is just another itemization for owing LESS tax, not recieving more money.
you SHOULD have got a paper that explains the amount your refund will be and all the fees and such that were taken out of it. and a sheet that states what all your return contained. I couldnt print you out an itemized reciept either but i could tell you what was charged for each form. |
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Wayne Z
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If you received everything back then there is nothing more to get back.
Your fee is definitely in the ballpark for that complex of a return but most preparers that I know do not provide an itemized list. |
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Gary
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Ask to speak to the Office Manager at H & R Block. I guess you are looking for a complete breakdown on the prep fee such as the cost for each form that was completed. Again the Office Manager could possibility help you. If you are still not satisfied then contact the District Manager. Usually most managers will go out of their way to keep their clients out of trouble and to ensure that every legal deduction is taken properly. The information that you gave in your question indicates to me that you had all of your questions not answered to your satisfaction. Good Luck |
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v b
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If you hired a management company for your rental property and do not actively manage the property, you would not be able to take the loss on the rental during 2007. The fees would be part of the loss and you would have a form 8582 (passive activity loss) to carry the loss forward to 2008.
Active participation is a less stringent requirement than material participation (see Material Participation on page 4). You may be treated as actively participating if, for example, you participated in making management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Management decisions that may count as active participation include:
Approving new tenants,
Deciding on rental terms,
Approving capital or repair expenditures, and
Other similar decisions.
If you do not meet this definition, you weren't allowed to take the loss this year and would need to amend. |
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r_kav
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Someplace on the pile of paper H&R gave you the cost will be shown. |
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giggleblue
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H&R Block is NOT a professional tax service. In the future, please hire a CPA. From the looks of what you paid, it may have even been around the same price, if not a bit cheaper.
Those manangement fees and acquisition fees should have been included as a business expense. Depending upon the amount, it could flux your refund. However, you did say that you are getting all of your taxes paid back. This could be a loss that you many have to carryforward to next year, if you are managing the property yourself.
Long story short, since you are receiving all taxes back this year, you shouldn't have any problems. In the future, especially when you start talking about carrying over losses, you need to get yourself a real tax professional. |
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The Wonderer
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You can go back and ask for one, as long as you can prove who you are. They may try to say you already got one and fee you, though. |
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Sahara
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You should have gone to a CPA. I would never ever go to H&R Block or any other tax service like that. They usually just train people off the street.
Is it worth having your taxes refiled and going to a CPA? Will they give you a refund if a CPA says that how they did the tax return is wrong. |
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