 If I don't pay my income tax, how long before the IRS comes after me? |
I owe, $1,114.00 in Federal. I aint got it.
Additional Details
They can't garnish my wages if I have no wages. Just waiting for them to come and get me so I can have food and bed.... |
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 How can you have different refund amounts on taxes by using different preparers?? |
| hr block vs. jackson hewitt vs doing it yourself. Deductions are Deductions??How can one company get you more than another???... |
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 I made a profit of $10,000 after I sold my home. Do I have to pay taxes on this profit? |
| If I do have to pay taxes is there a time limit to put the money towards another house without paying taxes?... |
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 How can i save money for tax time? |
| I remember reading in a magazine that you can claim all the sales taxes from recipts of things you purchased, like from stores, etc. is that true? how do i go about claiming them? if it is true, i ... |
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 W-2 question -Married w/ no kids. He claims "0", I claim "1" dependant. What is better? |
| My husband and I have a disagreement. He claims "0" on his w-2, I claim "1". What is better? We both work. We both make generally the same amount. We have no children. And we both ... |
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 Heres an updated question? |
| ,...what irs forms do i need to file my taxes under as an otr truck driver who does travel out of town into other states and i do stay at hotels every now and then? And i do get a w-2... |
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 Where does it say that americans have to pay tax? |
Can anybody show me the law and the source that says that americans, legally on a federal level, have to pay tax?
Forget state laws that say that they have to pay money to the us ... |
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 Do Indian PAN Card holders not having any Income have to file Income Tax Returns? Particularly students? |
Is it Mandatory?
To file nil return?
Referring to Form ITR-1,
Clause 10.
Individual to file return if total Income exceeds Rs.1 Lac. below 65 yrs age.
Women Rs. 1.35 L... |
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| Did you get your tax rebate yet? |
| The Irs said that they would start depositing the rebates today unstead of Friday. According to the last two numbers I was suppose to get mine today. I haven't got mine yet. I was just wondering ... |
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 SOmeone is claiming my kids on their taxes? |
| I did not work this year so I do not have to file taxes and my kids soc sec cards and birth certs had been stolen almost 3 years ago and last year i had my friend at h&r block run my kids numbers ... |
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 How can i avoid paying tax when i open a car wash? |
People have told me if its for personal use you dont pay tax is this true?
I will be employing three 16 year old boys to work for me.... |
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 Can I claim My daughter on my tax return if she has only been alive for 3 months? |
Im her biological father and she goes from my house to her moms every other week.
Additional Details
what if i claim my self on my work taxes but no one else claims me...?... |
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 Tax Return Rejected?????????????????... |
| I supported my wife and child for all of 2008 except for a couple of months. We separated but are still married. I was sole source of income for 2008. To get back at me she filed taxes before I had ... |
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 Can I claim my 18yr old full time student on my taxes? |
| I have a 12yr old and an 18 yr old and I am wondering if I can claim the oldest one on my taxes this year? If so, will I still receive my stimulus check? My ex husband will not be claiming either one-... |
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Patricia H | We bought a house this year. Can we claim the repairs and improvements on our taxes? |
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tma
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no. repairs and improvements would add to the cost basis of your home and reduce any potential gain on future sale. |
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yarrie15
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If this is a single family home, you are not able to deduct any repairs to the house, you will be able to account for them when you sell the house in the future.
If you have a multi-family home, then the repairs done to the rental apartments are deductible in your taxes.
Before you go to a tax preparer that will deduct personal repairs to your home, to get a bigger refund, remember you are the one signing the return and liable to pay back if the return is done incorrectly even if it was not your fault. |
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bostonianinmo
 |
No, you cannot deduct repairs and improvements. Only mortgage interest and real estate taxes are deductible.
Home improvements are added to your cost basis to reduce your gain when you sell.
Repairs have no tax impact, they are personal expenses and are not deductible and do not affect your cost basis. |
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ninasgramma
 |
Repairs and improvements to your personal residence are not tax deductible.
Improvements to your home, such as a room addition, new bathroom, or new roof, are added to the original cost of your home. This total is the basis of your home.
The basis of your home can be deducted over time if your home is converted to business use. |
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Billy D
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If this is your principle residence, you probably will not be able
to ever claim repairs. On improvements, keep your original
receipts and canceled checks. When you sell it, as your principal residence, the improvements will add to how much you have tied up in the home. Therefore reducing any gain when you sell. |
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holliemay
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Last year I tried to do that but was told I had to wait until I sold the house before I could use it on taxes. Just keep all of your receipts. Maybe, it's changed again? |
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GRUMPY
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YES, but keep in mind there are only certain things you can claim on your taxes. I have an accountant do my taxes every year. It IS well WORTH the $150.00 I pay her to do them. They know every single thing I can and can't do. I have gotten back several thousand every year since I purchased my own home. Have been using the accountant since 2001 when I bought my home. Good Luck. |
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thisisraya
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I believe you can only if you are a first time buyer. |
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