 I won a prize and want to know if have to claim on taxes. prize is kawaski mule. recieved a 1099-mics form.? |
| do i have to claim on my federal and Pa. state taxes. prize was worth almost $8400.00. I already paid the sales tax when I picked the machine up from the place I won it. Please help.... |
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 How do i know if i have to file income taxes? |
Ok so i worked part time at fed-ex through about half the year, maybe a little more.
How do you know if you have to file for income tax ? isnt there something about if you dont make so ... |
|
 What exactly does our national insurance go towards?? |
also please answer this question
http://uk.answers.yahoo. Details
i mean do we really ... |
|
 Council tax am i liable? |
| i broke up with my partner in october 2007 we both lived in the property that they are demanding almost a £1000 for she is illegally in the country with 2 children and is now being supported by a ... |
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 I recently got divorced in September of this year after a 25 year marriage. Can I file taxes as single? |
| I got divorced after 25 years this September. When I do my taxes this January can I file single? I want to finally do the 1040 EZ and maybe get a return, since it seems like I have always owed ... |
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 Has anyone actually gottena stimulus checl/deposit? |
| is this all a big joke? I don't know anyone who has gotten theirs and most of my familyt/friends filed electronically with direct deposit. According to the IRS website we should get ours on the ... |
|
 Fuel Prices .. £1.50 + per Litre by September 2008....? |
On GMTV Today, they said that it is being predicted that "Petrol + Diesel" will be £1.50 per Litre by September.
They also stated the TAX on Fuel is 65% !
TAX has always ... |
|
 Why is it so easy to be unemployed in the UK? |
To anyone who is signing on the dole at the moment, why do they make it so easy?
I thought the idea was to put you off by constantly pressuring you into getting ANY job going, but I went to my ... |
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 You work and pay taxes, then retire, why do you pay taxes again on your private pension ????? |
| You work and pay into a private pension and get taxed. Why when you retire are you expected to pay tax again on your private pension, this pension was a choice deduction from your wages, but do not ... |
|
 Where can i get my taxes done for free in michigan? |
| I need my taxes done ASAP. I live in Detroit so i trying to find a place that's in the motor city area. but that is free and legal. Not h&r block or any companies similar.... |
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 Can the IRS intefere with my bank account or take money from it? |
| i have money saved in my bank account....i work off the books..legal work...i will open 2 bank account tommorw with about 4000 each...will the irs or govenrmet see this? doesi t look illegal...and ... |
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 Is my ex entitled to any of my working / child tax credits? |
| He pays no maitenance, and looks after our son 3 nights a week. He is saying that because i claim working / child tax credits for him that I should be supporting him when he looks after him? can he ... |
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 I started a business and now want to know the tax consequences? |
Do I file a separate tax return for the business? It’s a sole proprietorship.
Can I deduct startup costs?
Any more tax advice would be helpful.... |
|
 How do i know if i'm still a dependent? |
| i got a letter from the IRS b/c they need to verify weather i'm a dependent or not. Iast years tax returns i put that i'm not a dependent b/c i was 18 but i still lived wiht my parents and ... |
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 How to fill out W4 form (I'm single)? |
| I'm single, 29 years old, and will be making $63,000/year. I have been getting a variety of responses from friends and family so I'm getting confused as to what is appropriate. Do I enter &... |
|
 Do I have to file state(FL) or federal taxes?? |
How do I know? MY tax return shouldn't be too complicated.. I don't own or rent a home, I don't have any deductions or dependents and any credits..
the florida revenue website ... |
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paulus550 | Is new siding on a rental property tax deductible if it is preventing water damage to the property? |
I realize that any improvements to rental properties are not deductible, just repairs. However, even though the new siding is an improvement to the property it is also repairing the old siding to prevent any further water damage to interior of the home. |
 |
 
D D
 |
I am assuming that you own the rental and are renting it out.
Improvements are deductible, not only repairs. The difference is that you need to capitalize improvements and then depreciate them. The depreciation is a deduction for the rental property. |
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ninasgramma
|
It depends on the amount of work done. If you had siding replaced on all sides of the house, I'd say it is an improvement. If you had the bad siding replaced on part of the house, I'd say it is a repair. |
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bostonianinmo
 |
If you fixed the leak by replacing a failed section of siding, that would be a deductible repair. A full siding job is not a repair for tax purposes and must be depreciated over the life of the siding. |
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celticwarrior7758
|
Any repairs, and or upkeep is tax deductable on your Fed. returns. Even the IRS says so. |
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Wayne Z
 |
I believe that there were a couple of court cases in the past couple of years that address situations like this.
The court ruled that if the improvement/repair in question just returned the property to its original condition and did not actually improve the property, it can be deducted in the year paid as a repair and need not be depreciated over the long term. |
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bob
 |
I say its maintenance, and should be deductible |
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devilgal031948
|
I doubt seriously this is a tax deduction. If you want to know for sure call the IRS and they will tell you. If you don't and you use it as a deduction it could raise a red flag and you will be audited. If you don't own the property then you have no right at all to claim this deduction under any circumstances.
Good Luck. |
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The Rabbi
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I would deduct it. You believe the same. |
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Alexis
 |
no it's not |
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