After I Do My Taxes, How Does My Tax Return Get Processed?

Each year after I do my taxes, I’ve often wondered what happens to my tax return after it reaches the IRS. Well, I procured some answers from a guest writer who offered me the following nuggets of information.

What happens after you file your tax return depends first and foremost on whether the IRS is satisfied with some of the basic information that you provided. If the IRS is satisfied, then they will “accept your return”. If they don’t like it — your return can be rejected.

There are a number things that may cause the IRS to reject your return: a name to social security number mismatch, a check to determine that none of the social security numbers provided have already been used on a different return, a verification of birth dates and social security numbers of children who are included on the return, as well as a validation of the employer identification numbers contained on the W2 forms that you provided. In any case, if your return is rejected by the IRS for any reason, you will have to provide the correct or additional information that is requested and resubmit the return. Here’s how to file your taxes for less.

Alright, so your tax return has been accepted, what happens next? In the next step on your tax return journey, the IRS will check your return for any mathematical errors, verify that your filing status matches your exemptions and standard deductions, and that you are legally entitled to any claimed credits. This is also the stage of the game where the IRS is on the lookout for the basic and most common forms of tax fraud. Things such as dependents switching from one tax payer to another tax payer from year to year and dependents claimed that are not actually dependents.

Where do i put mileage on my tax return

If your return has made it to this point in the process without any hitches or glitches and you are due to receive a tax refund, your refund will be set in motion for release either by electronic transfer or printed check via United States Postal Service, depending how you chose to receive your refund when filing your taxes.

The IRS offers several methods for you to check on the status of your refund. When doing so, make sure to have a copy of your return on hand. When contacting the IRS, you will need the first social security number that appears on the return, the filing status and the exact amount of your anticipated refund. You can contact the IRS on their web site IRS.gov by following the link “Where’s My Refund”, or by phone.

Just for the record, keep your tax records. It is common practice to keep your tax return records for a minimum of three years. This is a safe bet if you are only filing a simple tax return form 1040EZ. However, it would be more prudent to keep your tax records longer — even up to ten years — if you have more intricate and involved tax returns with businesses, rental properties, stock transactions, IRA’s, home purchases and sales and other financial matters. This is one of the downsides of having a lot of assets: your taxes (along with many other things) get complicated!

Just because you received your anticipated refund or paid any additional taxes that were due, does not mean that you are free and clear of any further actions on behalf of the IRS. Over the course of the next few years, your tax return may be subject to more scrutiny and deeper analysis, with the IRS searching for more fraud flags that could still trigger a full and complete audit of your tax returns. Common red flags are gambling losses, self employment income and expenses, home office expenses, under reported income from W2s. Businesses being audited can oftentimes lead to individual taxpayers being audited. In cases where the IRS finds that there have been any significant misrepresentations of income or deductions, they can asses additional taxes for up to six years.

This article is provided by Backtaxeshelp.com, a site designed to help you pay back taxes. Owing back taxes to the IRS is stressful, and negligence will only worsen the situation. Learn how to get back tax relief.

Copyright © 2010 The Digerati Life. All Rights Reserved.


Tax Savings: How to Deduct Mileage on Your Personal Car

In July taxes may be the furthest thing from your mind. In 10 Important Tasks for Your Mid Year Checkup I reminded everyone to assess their tax situation. Here’s a tax question that came up recently. With sky high gas prices, it could be a situation that affects many of you.

A reader, Kyle, accepted a new job last month. The company requires that Kyle use his personal car for work:

Typically I am driving 200 miles a day and I am reimbursed by the gas price divided by 30 cents per mile plus $400 a month (roughly 23 cents a mile). I see that the IRS acknowledges about 50 cents per mile as cost. Is the roughly 27 cents per mile tax deductible for me next year? – Kyle

Mileage Rate Increase in 2008. The first thing Kyle should know is that the IRS raised the mileage rate as of July 1 for the remainder of 2008. The first six months of 2008 will be at 50.5 cents per mile and the last six months of 2008 will be at a 58.5 cents per mile. For anyone computing business mileage, you will need to make two computations – one for each part of the year.

Update: Here are the updated standard business IRS mileage rates for each year since I answered this question:

  • IRS mileage rate 2009: 55 cents per mile.
  • IRS mileage rate 2010: 50 cents per mile.
  • IRS mileage rate 2011: 51 cents per mile through June 30, then 55.5 cents per mile.
  • IRS mileage rate 2012: 55.5 cents per mile.
  • IRS mileage rate 2013: 56.5 cents per mile.
  • IRS mileage rate 2014: 56 cents per mile.
  • IRS mileage rate 2015: 57.5 cents per mile.
  • IRS mileage rate 2016: 54 cents per mile.

Yes, Kyle can deduct the unreimbursed portion of business mileage (approximately 27 cents per mile in Kyle’s case before the increase). Because Kyle is an employee, the mileage is classified as an employee business expense.

The deductible mileage is only for business travel and does not include commuting miles (from home to your main place of business and return).

Unfortunately, Kyle can only deduct the mileage if he is itemizing his deductions. If he takes the standard deduction, he’s out of luck. In addition, because employee mileage is a miscellaneous itemized deduction, the deduction is only for any amount above 2% of AGI.

If Kyle plans to itemize and he passes the 2% floor, he can use Form 2106 to calculate the deduction as follows:

Compute the number of business miles multiplied by the IRS standard mileage allowed amount. Subtract the reimbursement you have received from your employer. The remaining amount will carry forward to Line 21 on Schedule A.

You can take your mileage tax deduction when you file online using TurboTax.


Having Difficulties With Your Income Taxes? Let Us Help

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I didnt work last yr because of a health problem.I have two sons. Can I file taxes and get money back?

Can my wife claim me as her dependent if I had no taxable income. All my income was earned in foreign country and is not taxable?

My filing status is head of household and my disabled father is my dependant. How much will my return be if I grossed $10,000.00 in wages?

I want to know if my boyfriend is able to put me on his income taxes with him since we are engaged.

Is any tax incurred during the transfer of ownership of a sole proprietor business between a father and a son?

I receive SSDI payments monthly (for 10 years). SSDI yearly payment of $18030.00. I have not filed taxes in those 10 years. This past year I gambled, …

I'm going to file my taxes and my sister lives with me for 8 months but worked for 4 months can I claim her as a dependent and if so do I add her w-2s …

We moved to michigan from arizona to care for ailing parent. Can we deduct our move from our taxes?

I took care (part-time)of a friend's grandmother (99) who doesn't have to file income tax and I was paid out of her (grandmother's) income. She gave me …

My ex husband claims that in 2005 when we were still married, that we failed to claim income for me on that years taxes. The job I had was less than 6 …

Is it legal to direct deposit a siblings income tax refund into your bank account?

What is the less amount that I will receive on my tax return if I made 9,000 and I have a child? I live with someone so I will not be head of household. …

My soon to be ex-husband and I filed our taxes jointly in 2009. I had surrendered a life insurance policy that year and it added income onto my regular …

In a case where an individual is usually Australian Resident but for the Indian previous year March 2012 ending he is also Indian resident. The interest …

Hi, I'm 20 years old, worked for 3 months(last week of December2010 to March2011), and had $4,700 gross income. After that(June), I start to study outside …

I am a Bricklayer that has a lot of Tools that I have to take to and from work to keep my Job! Can I take off any of my miles that I drive to work?

For some disabled veterans in 2012. The state already exempts some vets from paying property tax on their homes if they've been declared 100 disabled from …

I was a full time student last year and i received the pell grant and that paid for all of my school and left extra to pay for needed supplies I was wondering …

If me and my wife made a combine income of 92000 and we did not pay taxes through out the year how much will we owe?

My husband and I lived in Indiana till the end of August 2011, now we live in different states, do we use Indiana as our state of resident for our taxes? …

If my daughter turned 18 in November 2010 can she file a mo.ptc for that year?

Approximately will we get back from a disaster declared of 40,000? Lost home.

As an employer, we withheld $5.85 too much social security from an employee due to a miscalc on group term life insurance--does a w-2c need to be issued, …

I filed my taxes electronically and it said someone else claimed them. I belive it was their grandmother. she owes over 30,000 dollars for not paying taxes. …

Nova Scotia tax, In easy terms, please explain how I figure if I need to pay tax on insurance that I cashed in. Over the years i paid in premiums 1000.00 …

Is there a minimum when itemizing thaT MUST BE MET BEFORE YOU CAN itemize anything?

If I worked half the year and became disabled, do I file social security payments when I file my federal taxes?

My wife was taken on a scam involving her grandson, he was suposidly caught in Canada with two other young men with some form of dope and regiured a attorney …

I am filing past taxes and the only payer ID number I have is their social security number. But when I try to put it in online it will not accept it how …

My boyfriend lives with me and our son and I wanted to claim him as a dependent but he owes the IRS.. If I claim him will they charge me for his debts? …

My grandmother is 80yrs old and living with my parents who claim her as a dependent. She is receiving a social security check, does she need to file income …

Me and my ex wife alternate claiming our daughter, this is her year to claim her, but she doesnt work she gets disability. Is it legal for her husband …

My spouse and I have lived in Texas for many years. She passed away 4/27/11 and at that time still had a gambling tax debt of $15,000 that had not been …

I have a friend that told me she had filed her taxes already and was being refunded $4,100.00. She stated she filed Head of Household but had no dependents …

Can I file for taxes even if I didn't work in 2011?

My wife and myself live with our son, we ger social security but it's only about enough to cover a few small bills and our medical expenses, can our son …

A NRI sold her plot (land) in India and purchased a residential house property in US. As a resident of US she paid all the taxes there. will she get exemption …

I received unemployment all year in 2011. If I claim 3 dependents, one being a child and did not pay any taxes on the unemployment, can I possibly still …

I have a house that was a rental for a number of years. Federal tax returns were done taking the normal expenses and depreciation into consideration. In …

I had two jobs last yr,only worked one for about 3 months total income for that job less than 700$ do i need to file that return?? I am still employed …

I dont have a bank account to deposit my refund into but I have a paycard that I get paid on at work. It's a debit card. Can I use this to deposit my refund …

Me and my husband made around $28,000.00 we have 3 dependents. How much will we get back?

Can I claim someone over 18 not working or doing their own taxes lives with me and I support?

If you pay your entire tax liability, to include your 10% penalty from a lump sum pay out, and your regular taxes. Do you recieve any of the withholding …

In my divorce decree it is stated that I would get to claim my child as dependent on taxes. I moved to a different town last April, and as a result my …

My girlfriend and my 2 year old lived with me all of 2011 until the end of Dec. when we split. I supported them both although she did have a part time …

When I filed last year I did not know that too much Social Security Tax had been withheld. Is it too late to get that back?

One of my exemptions is my partner whom is disabled. We are not registered as domestic partners and she has no taxable income. I am the primary wage earner …

Last year I only made $8000 and only paid state $600. Due to lack of funds I went exempt the whole time. Will I get a return or will I owe? I also have …

If One of my oversees account funded by me from my after tax USA bank account , exceeds $10,000 limit (for couple of days) , but I have only earned an …

Can my boyfriend whom I live with claim me on his income taxes. I didn't work at all last year and was totally dependent on him financially. I am also …

If i make medical insurance premium payments for my ex wife, do these count toward gift taxes on the Federal and New York State level?

I have a small commercial cleaning business; sole proprietor; I have 4 daughters, ages from 9 to 17; They all help us at our various cleaning accounts, …

IN CANADA IS FIRE INSURANCE PAYOUT CONSIDER INCOME?

I receive almost daily notice of where to commute to- to do my work- distant cities from my home and the company office can I deduct this very big personel …

My wife and I are having our first baby in a couple weeks. I work full-time at a large fortune 100 pharmaceutical company. My wife works full-time at a …

I had 5000 in my 401 I paid 34 percent in taxes and receved 3400 will this effect my taxes?

I had 5000 in my 401 I paid 34 percent in taxes and receved 3400 will this effect my taxes?

Could I claim my 2yrs old nephew as a dependent if his mother received food-stamp last year? We all stay in the same house.

Hello, I was working earlier in bangalore between March 2011 to June 2011 and joined new company in hyderabad from July 2011 to Till date. I could not …

Hi, I am going to be bought out of my fathers estate (houses and property) this year and need to know if I will have to claim the money paid to me as income …

If my husband died in Febuary 2011 and only made $2100, do I have to file it on my taxes?

I made $50.000 last year I live in Massachusetts and filing single would I get a refund I owe the irs 2000.

My mother stayed with me for the past year. I was told I couldn't file her on my taxes, because she made over 3500 for the year, Is this true?

My husband and I split in June 2011, but on my W-4 still states married. Do I need to have him present when filing my income taxes?

From January 1st to December 5th 2011, I was not covered by a retirement plan through my employer. During this time I contributed to a traditional IRA. …

Hi I have a question in live in NJ and worked 2 weeks in 2011. I have three children, am I able to claim a income tax return or no? Thank you for your …

Im married but my husband dont work I also have si and welfare but still worked. I had filed jointly for my taxes. Will I be responsible for his child …

I live in New York and currently am on Social Security Disability and a single parent. Even though SSD is not taxable,can I still file to claim the Earned …

I read on several websites that a person under age 59 1/2 can take a penality free early withdrawal/distribution from a traditional IRA if considered disabled. …

I believe there is a form can get from IRS to verify I did not file taxes last year.because my income was to low..I need this to prove to the hospital …

My daughter receives a check from her fathers social security disability. when we file our taxes do we have to report that on our taxes since she is a …

Can my domestic partner file me as a dependant. i have lived in the home for the past year. I am disabled and I recieve disablity benefits. My benefits …

I was tryin to see can i get a income tax I worked 5mth in 2011?

I e-filed with my parents address filling head of household with my two children but I don't live there. I'm having it direct deposited. My parents are …

I am in abroad. I want to send money to India. How much money can I send per month to India without the problem of Income Tax?

My daughter has lived with a man in texas for 3 years, last year he claimed married on his taxes, need to know if they are now common law married?

What should I do if my employer withholds more taxes from my paycheck than I owe?

What is it that I need to write at the top of my tax return when my Husband has deceased this year? How do I sign the return?

Around how much could my husband and I get back on my taxes if I carry my daughter and grandchild? Income is around 65,000 a year.

My mother is a 78 year old SSI beneficiary who lives with us. Can I claim her as a dependent on my income tax?

I was wondering if I am able to file my mothers income tax? She passed away in June of last year. During that time she lived with me and was receiving …

We are a family of 6 and my husband makes 36,000 a year, would he have to pay the IRS or would he get a refund?

If I have 2 dependents other than me a my wife how much money do I get?

If I only earn $500.00 for the year 2011, will I receive a refund? Or should I file taxes?

Qustion on income. if a company sends me an item. ei a coffee maker for free, In return I must use it and then write a full review on my blog, outlining …

Five years ago my family sold our video store business and my sister is still issuing k1's for the business. We have no sales, no building, nothing but …

Can you deduct monthly charges that medicare takes out of our monthly social security?

Is my social security income taxable? I also sold some land that was included as homestead property that our house was adjoined to. The house and a few …

My granddaughter has lived with me for 8 months of last year. Her grandfather (who lives in IN) paid child care cost for 5 of those months. Does he get …

CAN I CLAIM MY NEPHEW IF BOTH HIM AND HIS PARENTS LIVE WITH ME, AND HIS PARENTS CLAIM HIM ON THEIR RETURN AS WELL IN PENNSYLVANIA?

My father died and I sold his car do I have to claim it on my income taxes in mass?

How many years back can the IRS go to claim back taxes owed? Is there a statute of limitations on how many years they can collect on?

Can I claim two kids with diferent last names at the same time, without having any risk at all in the future? Thank you for your income tax question. …

I am on social security disability. I have a wife and two daughters (14 and 10). My wife did not work all year. Can we file for income tax and would we …

If I grossed over $6,000 dollars, how much will I get back with one dependent?

If I didnt file for 2010 can I file 1040ez for 2011? Thank you for your 2010 tax return question. If you didn't file for 2010 and weren't required …

I have a question about the interest on credit cards. Can you claim the interest on your credit cards as a tax deduction? What if it is a personal credit …

I have 15 year old daughter I live in house provided by mother rent free but I pay all expenses at the home can I claim head of household?

Our parents left us their house in the will and we sold it in new York state do I have to pay taxes on it , I also live in ct so do I pay taxes in both …

I put a new roof on my house this year in Wis. I understand I use it as a cost basis, do I report that this year, or wait until I sell? Where and how …

My sister owes taxes from last year but this year I completely supported her as she has no job. Can I claim her as my dependent without repercussions from …

I haven't been living with my mother for the past 4 months I'm 17. Is it possible for some one else to claim me? I have no contact with my parents what …

III made 11,136.00 (unemployment) I did not have taxes taken out. I usually claim head of household, claiming 1 (disabled, boyfriend). How do I do this …

My employer is holding a 4 day meeting within 50 miles of my home and my employment office. I will be provided with lodging (comp'ed by the hotel). …

What is the procedure for the above transfer by way of gift deed ? What are the taxes, stamp duty and other legal expenses involved in such a transfer …

Im a single mom of two I claimed my two kids on my w2 form when I started working at the place im currently working at. My children's father is trying …

I have my daughter who lived in my home for the full year she turned 24 this year but has an income of about 24000 yr. and I have my 73 yr old mother who …

If I own my house and I have given over 2,000.00 to my church, will I benefit itemiaing and just the e-z? thank you.

My Husband and I have lived with my Father for four months. Can he claim us?

My wife purchased a property / vacant land in 2002 for Rs. 2 lac. on G.P.A. by its original owner. No Sale Deed was done on that time. Now as a safety, …

Sister is on SSI. She moved in with me end of March 2011. I recieve 300. a mo from her which is up to me what things I pay w/it. e.g. utilities groceries …

Can I claim my gears ( like duty belty, gun, ammo etc) duty pants, ammos for the firing ranged and classes (like baton, maze, handcuffed certification) …

I was just informed by the unemployment dept. that my last employer did not report my wages for july, august, and september 2011. I did work those months …

I just started drawing social security at age 62 in Dec. of 2011. I do not have other income other than my monthly pension from GE. My wife still works …

If i am 19 and Im in college how much would it get back if my mom carry me?

I want to know if I can claim my boyfriend whom ive been supporting and he's in school fulltime currently?

If I only worked two weeks out of the year can I still claim my two kids?

Can I file as head of household,even if the only income i have is child support,at the present time?

I am a self employed,contract laborer. What percentage of my pay should I hold back each month to cover federal & fica taxes?

My father is disabled and he pays me a mothly amount to assist him with his daily living needs like bathing, medication, driving him to medical appointments …

I am a graduate student in Boston working at the university and have income in both MA and my home state of OH. How do I file my state income tax this …

I owe child support in oregon but live in a different state can oregon still take my state tax refund?

I married in 2009. My wife died suddenly in 2011. Irs sent a letter in 2011 claiming she owed over 2000 dollars on a return filed before we were married. …

We loaned our son $20000 a couple of years ago as a personal loan. we had a penalty of $6000 for early withdrawall. he paid it back in 2 yrs. including …

If Lost 120,000 dollars last year, then made 160,000 this year..what kind of taxes do I have to pay for this tax year?

Is there any tax on the heritage money we transfer to Canada?

Is there any type of tax credit i can take this year I have had to go back to school to be retrained due to loosing my job due to the economy.

Heritage money from abroad country is taxable when enter to Canada or not.

My ex-husband has been incarcerated since 2003. Before his incarceration divorce proceedings began and a QDRO was drafted and approved. As an alternate …

At what point do I have to pay taxes on a 2011 inheritance?

I have 2 children, wife, and my brother under my roof i am the only one who recieves any sort of income.Can i receive EIC if i pay IL property taxs If …

I have not filed my taxes for 4years for the first 3 i dnt have any dependents but for the 4th year i do how much can the penalty be for each year not …

Do I need to submit any documentation for my disabled brother that I am claiming on my taxes when I file online?

I got a divorce this year and had to give my ex half of my profit sharing (retirement)account. I was told by some people here they wrote of this amount. …

Hi, Last 3 years I was give loan to X person who was NRI that amount is something 30 lac & the person was returning the amount with interest can we do …

My employer relocated me this spring. They made up a portion of the loss I had on my home when I sold it. I still lost money on my home, but not as much. …

If I donate a french horn valued at $1000 to a school, what would be the return on an itemized deduction .( Or what is the overall percentage a person …

Hi, i am the only one child for my parents. Till now am not married. My father has done some LIC policy with his name but I am paying for that. Since I …

I inherited a house at the end of 2010, sold it at the end of 2011, will this hurt my income tax return or help?

I am a NY resident and maintain an office in my home that I occupy 4 out of 5 days a week. My employer is located in Carlisle, PA. I have been informed …

I sold a home in 2010. My husband has been running a small business out of the home since 2003, and we've been depreciating the portion of the home attributed …

I joined IT MNC company on Contract of 6 months and they are paying monthly fixed hourly salary in lumsum after TDS. They paid me ex-gratia/Bonus amount …

Can I (wife) who doesn't work do a traditional IRA with husband making 140000?

I am in the military and i claimed my wife and my two step children on my tax return. Since this is the first time I am doing something like this, I was …

Last year I used online e-file tax software to file my 2010 income tax. This year I am doing the same but with a different software. I used a self select …

Are you required to file twin children together on income taxes?

I'm the conservator of my father, not for his finances just for the person. I get $1500 a month that was court awarded. Is that money taxable?

I'm due to recieve an insurance payment of 155,000 Euro for my deceased partner am I liable to pay tax on this and do I have to declare it. I am now …

I have forgot my password to login in my 26AS. I have also forgot my secret question & its answer. I have not filled any e-return earlier. Pls help me …

In the state of New Jersey, are you able to declare your self as your own dependent in the tax forms?

I have had rental units for app 30 years, and have shown losses for the past 3 years on 3 of my units. I have been totally disabled for 5 yrs. and on ssd. …

Sir, l.tell me income tax Form No. 27 C. to be collected from buyer for non collection of TCS at the time of every transaction or monthly, quqterly or …

Hi, I've bought a flat whose possession is due in Jan 2012. Its distance from my office is around 35 kms, thereby making daily commutation difficult for …

Do I have to pay income tax on a partial land sale of my primary residence? I have lived at the residence for 17yrs.

I have an IRA account that is invested in a Real Estate loan that was receiving monthly interest payments only. The borrower is now going through bankruptsy …

If I owe traffic tickets which refund will be intercepted state or federal? Thank you for your tax intercept question. If you owe traffic tickets …

My father died two years ago and today I received a letter from the Unemployment division asking for money. What can be done?

My mother is 79 years old, and I am her guardian. I sold her house for $160,000.00 in November 2011. She and my father bought the house in 1973 for $45,000.00. …

What are the personal tax and NI liabilities for ATI payments received from a former employer? These ATI payments are directly linked to royalties …

I am anticipating that my itemized deductions will exceed my standard deduction and my income. (medical and charitable giving). Can I still take them, …

My question is about Mediclaim. Is the Mediclaim money that I received taxable to me? Or is the Mediclaim money that I received not taxable to me? If the …

I just started selling some retail at home, I hope to sell about 10,000 for the year. Do I have to charge taxes on the items and do I need to send in the …

I bought a car but did not transfer the title to my name yet, it's still in the old owner's name. My name shows in the back as the buyer. If I donate …

My friend uses her car for work and submits her gas receipts to her employer who reimburses her completely. When my friend files her tax return, she uses …

Hello, I bought a house in my Home country, India, and I am paying monthly installments towards my Home Loan. My question is, can I show my Indian …

I'm buying a travel trailer and would like to know if I should lump the tax and registration into the loan amount or if it would be better to pay them …

My husband and I recently purchased a house and are selling the mobile home (and the 2 lots it sits on) that we lived in for the past 10 years. We paid …

My question is:- I am a 12th passed men. I filed the Income tax return of client around 250 clients. Now I say that what formalities I can do that I …

Dear sir, I want to know that, what will be the TAX Liability of an individual who has salary of Rs. 20 lakh (I) with PAN (II)without PAN. I Think …

I only worked one month this year but was on disability for one month after having my daughter can i still claim her as a dependent?

If Sakhar Karkhana paid a payment to Harvesting & Transported there is required to deducted t d s or not?

How long do you need to retain your bookkeeping records for tax reasons? Thank you for your question regarding saving tax records. It is recommended …

If my father is unemployed, can I add my unemployed father as my dependent? If your father is unemployed and you provide over half the cost of living …

I accepted an agreement for 20 days of work in Afghanistan. What are the rules for the taxes? Are my Per Diems taxable? How about my income? Thank you …

I am self-employed in property management. I own two vehicles one for private use and one, a truck, is mostly for work. My accountant deducts some amount …

How much money are we allowed to earn in Canada before taxes? What is our basic exemption?

Although profit is low but due to the intention and frequency of transactions , this situation will tax ??

My husband and I have been living apart for 7 months, we have 3 children and have agreed on everything without haveing to get a mentor involved. We have …

Monthly 20,000 from mother to daughter is it taxable?

I am retired and I moved in with mom to take care of her. She is 91 yrs. old and can not be left alone. I am also raising a 9 yr. old stepgrandaughter …

I have a question about Inheritance tax. How much would my tax in texas be on $100,000? Thank you for your question about how much inheritance tax …

I recently bought a condo and have an adjustable rate mortgage. Shortly afterward, I sold my house and cleared about $26,000. I want to pay down my …

I have a disability and had to quit my job. I receive monies from UNUM Life Insurance third party plans (through my past employer)and receive a W-2 yearly. …

mr.y is an indian citizen.he went to holland on 10-8-2009.he rerurned on 1-5-2010.he kept a house in kolkata in period he was out of india.what would be …

IF MY HUSBAND WENT TO PRISON CAN I FILE INCOME TAX FOR HIM OR GET POA TO DO TAXES OR DOES HE JUST NOT FILE?

Dear Sir/Madam, 2 years back I had changed my Job mid of the year. I also had home loan that I had declared to my previous employer who computed my Tax …

Is there any way of finding if there is any pending tax demand notice of 15/20 years back or any old dues/arrears/taxes that are still due against me. …

I owe tax from last year which I have arranged with the tax man to pay off but when my accountant does my tax return for the next tax year does she have …

I am a salon owner and have to submit for 720. Do I pay 10% of the taxes paid on packages or 10% on packages sold?

My first two checks after transferring were about $100 short because my employer took out that amount for AZ state tax.It should have been less than $20. …

I worked under the table for 6 months while collecting disability. The job started out as just a couple of hours/week and grew to apx 30/wk. I was paid …

What do I do if my husband died without filing taxes for 2009 and 2010 and owes penalties and 401k interest and I filed using married filing separately? …

My 85 year old mom has been living in a nursing facility for the past three months. She pays share of cost to the facility with her monthly Social Security …

Is is necessary to have $10,000.00 in itemized deductions for us to deduct medical / Rx drug expenses ?

Do I need to pay taxes on money I deduct from my handicapped sister's SSA disability income for monthly room and board (she lives with me)?

Hello, I drive a company vehicle to and from work and my employer covers all fuel costs. He provides this money to me in the form of a non-taxed reimbursement …

My husband is caring for my aunt and is paid from her bank account. Can I have the checks made out to me so he doesn't spend it all at the bar? If …

If you inherited a partnership (LP) (Domestic Partner) type of entity -(individual) upon your mothers death The partnership is a Seniors citizens …

Fred is an insurance agent who receives commission on each policy he sells. In 2006, he purchased a policy for his own life, naming his wife the beneficiary. …

I owe 30,000 in state and federal taxes. I am not working at the time and have no income at all but own my home out straight. Will the irs take my home? …

I'm a full time independent student who has a dependent. i only worked two weeks out of this year through a program called put illinois to work. i wanted …

Hi Please could you help me - A farmer has cashed in his overseas investments and uk isa's and has bought some extra land for farming livestock. Where …

Mr. Mukesh submits the following particulars in respect of his income of previous year 2010-11. Rs. Income from Business 1,05,000 Interest on Govt. …

I quit my job and brought my elderly dad into my home so I could take care of him. He gets a check for $3000 every month from his investment account, …

My mother is 70 years old and lives alone. She receives a SS check every month. The check is a SSA check. Even though she gets this check i still have …

Are the proceeds from redeeming a life Insurance Policy taxable?

Can I use a parking pass for work as a tax deduction? What if the company gives a free pass but it is not in the same building I work?

My ex husband is starting an Roth IRA for our daughter for 2100 dollars and is sending me her 1099 for taxes do I have to pay taxes on this money since …

I am a US citizen with four children living abroad, can I still file for eic and ctc based on my physical address? I am a CA resident as far as legality. …

I pay an advisor fees to manage a portfolio of investments, mainly stocks, and the fees are based on the value of the portfolio. Annually I get a summary …

Can money loss due to fraud be taken off your income tax?

Do I have to file a K-1 on which very little income was made?

SIR DUE TO NET BANKING ERROR WITH BANK OF BARODA , GOWALIA TANK , MUMBAI SELF ASS.TAX FOR A.Y 2011-12 ONLINE PAYMENT MADE TWICE OF SAME AMOUNT. SO PLEASE …

I am a Canadian citizen living in Canada. I am originally from England. I have been making cotributions to the British state pension plan. I will have …

My husband passed away in July 2011, he was 67, he was collecting full ss and unemployment. I do not work am I required to file taxes at the end of the …

My question is regarding New Pension Scheme for central govt employee I want to know that 10% of Govt Share and 10% emplyoee share is exemption from …

I had a business with a friend. A 50/50 partnership. The business ended up failing. My partner never paid taxes on the business and now the IRS is coming …

I am a stay at home mom, but worked for about 6 months of the year. We have 1 daughter. Can my husband claim me as a dependent, since his one income …

I have worked for a painting company for over 10 years, dureing this time the only way he would pay me was sub-contract labor, I was full time with this …

ACCORDING TO FORM 26AS DURING THE ASSTT. PROCEDING ASSESSING OFFICER FOUND THAT RECEIPTS OF RS. 450000 HAS NOT BEEN ACCOUNTED FOR THERE FORE ADDITION OF …

My yearly TDS 10,000. How much I will invest to get back my tax(10,000) what kind of invest will be suitable for this such as LIC or Taxsaving fixed deposit? …

Good Morning, Up until 7/31/11 I had been working as a full-time employee (W-2). From 8/1/11 to the present, I have been working as a computer consultant …

How do I give my date of birth on a pan card form?

If I am left an inheritance from my mother after she passed, do I have to file it on my income taxes? I am retired.

Hi I invest in shares and monitor the market via a website which costs me $60.00 per month. I buy/sell shares based on the advise from this program. I …

I am working at a university as a part time lecturer. I started working there at age 63 which made me ineligible for the college savings/retirement program. …

I just efiled my 2010 tax return and mistakenly added a 2011 W2 should I wait for the refund and then amend the return and pay the difference?

Before my Mother passed away in 2010, we put everything of hers into a Trust. We did not know that the deed (house is paid for) should have been transferred …

Is rent received from family, for rooms rented to them, in your main home reportable to the IRS?

My father is buying a house in Georgia he lives in Indiana. We can not get financed till March. The loan is thru his financial company as a back up of …

I started my business in jan 11, my age is 34. I invested 5.00 lakh in cash in my businss. I want to know, income tax purpose, is it ok or not?

My husband and I filed he filed injured spouse our bankruptcy was discharged but they still haven't released our refund though they say we should get it …

Hi, I live in OR and just started a job in WA. My 1st paycheck states the following deductions: Employee Medicare $ Soc Secur $$ OR State income $ …

Do people in nursing homes with Dementia have to lodge an Australian Income Tax Return?

Lost some equipment in a fire. Insurance paid the replacement cost of the item, which resulted in a gain, and the item lost still had depreciation value. …

I have a question about insolvency. Do I have to file a tax return if I am insolvent? Thank you for your insolvency question. If you are required …

I am a marine consultant. During 2009 - 2010 my income was 14 Lac and I got by accounts audited by CA as per requirements. Now during 2010-2011 my income …

looking for former address of mine for proof of residency through tax refund,1963-64 ,or 1964-65

If I divorced in 2007 and sold the house in the process, Do I need to report this sale of home on my return? The house was sold for 245k, after commission …

Hi, I am about to do my first tax return on etax, just got my friend told me that I can can claim back my dividend from previous periods. How would I able …

hello sir/madam, I just want to ask u a question! I'm planning to take a car which costs around 13-lakh.. the financer company said me to pay a downpayment …

Hello, I needed a small loan for my business and went to my bank who refused to loan the business any money. So I had some savings which I loaned the …

I currently work for a company as an employee, and have been asked to attend a year end sales meeting, driving would take about 8-9 hours, commercial airliner …

If my girl gives me $400.00 per month Do I have to claim it as income?

In our 2009 taxes, our tax preparer erred when computing our Federal withholding. As a result, we received a larger refund than we should. IRS has just …

If I installed a new roof this year, do I get any kind of tax credit or break?

I am considering entering a separation with my wife for a 3 year perion so she can keep my medical coverage which she would lose if we get divorced. My …

I purchased a house in 2009 and applied for the $8,000 stimulus money on an amended 2008 tax return form. I never received the money. When I called the …

My husband died recently thus I lost alot of income. Will my tax bracket changed since my income has?

I will be receiving a sizable amount of money as the beneficiary of my brother-in-law's estate. What are my tax liabilities?

The state of IL. paid me to much money two years ago, and are asking for the money back. What happens if I cant pay it right now?

I work as an independent contractor. Sometimes if I get in a jamb I will farm out some of my work to my neighbor (stay at home mom). I report all my …

I am not self employed. However, I have been making estimated quarterly tax payments on provided tax vouchers from the IRS. I hae just realized that I …

Recently I have joined a new organization. Before joining it was agreed the PF contribution as per normal practice 12% on basic. But after my joining I …

I received a letter today 8-09-2011 from the irs in 2009 i redeemed mutual funds total 36000 but it was not aprofit imade 55000 that year they are adding …

I had a car that repossed since 1999. Now I get a notice in 2011 from the irs that the bank have reported this as earned income for the year 2009. I live …

My wife and I lived in a village shop which my wife ran for 26 years, due to ill health she had to close the shop three years ago which we immediately …

I am a contract employee and may make 28000 this year. I have two children. What are chances I may just break even instead of owing a bunch in taxes? …

How can I find out how much I've already paid toward my 2010 taxes?

I sold a large collection of compact disks at a loss. Is that loss a deduction on my taxes. My accountant added what I got for selling them to my income. …

IN MY SELE ASSESSMENT TAX BY MISTAKE WRONG ASSTT. YEAR WRITTEN. I HAVE MENSTION 2010-11 INSTED OF 2011-12. PLEASE SUGGGEST ME WHAT I …

I HAVE INCOME OF RS.8 LACS AS CONSULTANCY CHARGES WHICH ITR FORM I HAVE TO FILE ? WHETHER BOOKS OF ACCOUNTS SHOULD BE MAINTAINED ?

My dad Gave me a House in Mexico. I sold it for 175,000 US dollars . I paid the 30% Mexican taxes do i have to pay taxes in the US?

I am working in IT company and am getting tax deduction on my whole salary . I have purchased open land/plot on installments.do i need to declare the land …

I recieved a setlement in a workers comp case and want to know if it is taxable federaly and in Pa?

If I sell a stock, at a profit, this year, which I purchased in 2009, then use the profits to purchase another stock, so no money ever comes out of my …

My elderly mother, with dementia, lives with my sister, who works 3 days a week. My sister's granddaughter's mother, who has been living with my nephew …

This will be one of your weirder questions. 🙂 We have a 5-acre property; the main water line runs from the road back to the house, about 800 feet away. …

I am buying a house in Germany that will be my primary residence and I am wanting to know if I can claim the mortgage interest/expenses on my US taxes. …

I have a fixed deposit. Tds has beed deducted. while filling the itr form, i take the total interest of fd as income from other sources. Can i take only …

My husband and I got married late October 2010. We continued to live in different states in separate households until January 2011. I filed head of household …

I currently owe the IRS around 20,000 in back taxes from a previous job my husband had. He was let go of this position and we were unable to pay and the …

I have got three married daughters and no son. Me and my wife, aged nearly 70years, are managing HUF of which I am the karta. Me and my wife are having …

I have a list of 300 people in an Excell spreadsheet. How can I prepare K-1 forms for each of them without having to enter all of the data by hand?

I WAS HOLDING NRI STATUS TILL SEPTEMBER 2010. NOW I HAVE RETURNED TO INDIA AND NOT WORKING ANY WHERE. MY WIFE IS NOT EMPLOYED AND DAUGHTER IS STUDYING. …

I have money in three different tax deferred accounts.. --- a couple of small IRAs and the NYC Deferred …

I have been asked to become a director in a small company and be paid in dividends. Will I still need to complete an employment page or just the dividend …

We just started a section 125 plan. I know federal, fica, futa are exempt. But are state, local and sui taxe exempt as well?

I filed my taxes owing arrears child support I know they will intercept payment from my return, but if the reciever of the child support owes the irs will …

I am a salaried employee in Pvt. Ltd companhy. I got a notice u/s 143(2) regarding for return filed for FY 2008-09, in August 2010. I personally met the …

I want to change my sub-s corp from a Kansas corp to a florida corp. I own real estate in Kansas under this corp. What will my tax situation be regarding …

If I am employed as a Rigger/Scaffolder dual ticketed and my employer pays me a flat rate of $45.What are my responsibilities to him and what are his resonsibilities …

I have (2) separate questions, so hope this is OK. My first question concerns State Residency issues - here is the situation: My husband has been living …

Penalty for dalay in audit u/s 44AB is levied. It is pleaded before the CIT (A) that owing to the continuous illness of the accountant it was delayed, …

Do you have a chart to show how much taxes I would have to pay when I retire with my pension and social security? Please refer to the following worksheet …

I am curious as to whether or not a rv can be used as an expense as a mobile office? If the RV you are using is being used exclusivley for business …

Please tell me sir I am 62 yrs old and I don't have any source of income. My wife died this year and I have got Rs 24 lacs from her office (gratuity …

My wife and I separated in 2006-2007, and I was deemed the non-custodial parent, living in a separate house. I sold that house in 2009, reconciled with …

I have a client that has put aside x$ for an employees super fund if they stay employed up till a certain period. They collect if they stay to that point …

Can I claim my United Kingdom old age pension on line 314?

I Sold my farm 2 years ago to pay medical bills and the income for the crop does not get pay till the following year 2010. Since than I went on SSDI how …

I forgot to cash my income tax refund from 2008 and now it is 2011, can they re-issue me a new check?

How much can I earn before paying income tax on it. How much you can earn before paying income tax on it depends upon your filing status. In 2010, …

I recently won the Marlboro sweepstakes Prze 5000$ american express gift of travel along with a check for 1,700$ Due to illness I have been unemployed …

If payment made in cash is exact rs. 20000, can we get deduction?

I'm in a situation where I have a pension income as well as a working full time income. Taxes kill me. This year I paid $285 that I owed. This after I …

I own a house and my brother lives with me. I pay the mortgage and all other costs. He pays me about half the money. Can I deduct all interest and taxes …

Is it true, in cases of separation without a divorce in place, the court appointed, custodial parent has the authority to claim the children on taxes? …

I need to know about lawsuit winnings. Is the money I received from a lawsuit taxable to me? If so, how do I go about claiming the lawsuit winnings on …

I was hurt in Aghanistan after spending only 8 months overseas. I was humivaced into Germany then flown home. Do I still qualify for the tax exempt status? …

I lived in Washington all year, but received back pay from 2009 from a previous employer in NJ. Do I need to file taxes in NJ? Thank you!

My church owns a rental house. The tennant moved out after 17 years. I told the church I would provide the work on the inside to get it ready to rent again. …

My W-2 form had total wages of $40,000 (not real numbers) I lived 6 months in AZ and 6 months in CA, both with the same company. Line 16 (state wages) …

I have a sister who has been living with me for the last two years. It was suppose to be temporary, anyhow, she made under 3600.00 dollars last year and …

Some time ago I purchased a house for which my (divorced) daughter w/5 children was going to pay rent. The object was that eventually the house would …

If taxes are paid on interest in another country, is an individual required to pay tax here in the US on the same account?

My daughter in law's parents moved to Brazil last year and they are US citizens. Can my daughter in law do their income taxes here in the US on turbo …

My husband's grandma passed away on 05/20/10 and only had pension of $1,384.50 (1099R), $2,484.06 of cancelled debt (Form 1099C) and $5,787.00 in SS (SSA-1099). …

I have considerable company paid housing expenses included on my W-2 this year. I had them last year as well but only for approx 4 months. This years …

I accepted a job where the company requires me to be in Newark, NJ a week per month because there are no local job that fit my skill set. I kept my residence …

How much transaction will take search income tax in state bank of india?

I received a $500 per month auto allowance. It showed up on my W2 without anything with held making my taxable income higher. Can I deduct mileage or …

I USE MY TRUCK FOR WORK, IT IS PAID FOR, FULLY DEPRECIATED AND I STARTED USING ACTUAL EXPENSES WHEN I PUT THE TRUCK IN SERVICE. NOW I WOULD LIKE TO USE …

I entered into an agreement to purchase a lot in a coastal subdivision in South Carolina. Subsequently, I was informed by an attorney in Virginia where …

I bought a truck to use on my small farm this year can I take it off on my taxes?

If you have no tax what happens with ur income tax?

How do I handle distribution from probate estate in my income tax return?

Can you tell me how best to handle this situation? At the beginning of 2010 I bought a new home - and rather than sell my old home in this terrible market …

I work from home using a bedroom as my office space. In the room is my desk, desk top computer, monitor, filing cabinet, 2 printers (One is an all in …

I was made redundant a year ago and given a lump sum. only 20% was paid in tax so I face a tax bill of ВЈ10,000. they have now asked me to fill in a self …

My wife and I recently separated, we filed a joint return I worked the entire year while she stayed at home with kids (homemaker). I just received the …

I filed my two daughters on my tax return for the year 2008 and received the earned income credit. Well, it was time for me to file for the year 2009 and …

I converted my Traditional IRA to my Roth IRA and was trying to decide if I should pay now or do the 2 year split. I found when I decide to pay now that …

I have a pretty complicated set of questions related to tax credits. I bought a home in 2008 that required some extensive repair. My tax professional at …

My daughter (age 22) attends college in St. Louis but we live in Cincinnati OH. I pay her rent (my name is on the rental contract) and houehold bills. …

Can I deduct as a loss as a sole proprietor if I did some work for a company and they never paid? If so how? …

My daughter is disabled and waiting for her SSD hearing. I have made her house payments for the last two years. Can I count that on my tax return?

In previous years my son's 1098 form was sent to me (parent) and I included it in my 1040 income tax filing. This year the university in which he attended …

We purchased a computer for use in our home-based business. The computer was purchased in Oct. 2010, and we are making monthly payments on it. For our …

My child had income of less than $950.00. He had a final Schedule K for a gift trust. Long term gains less than $20.00 and final year distributions $10.00. …

If I have a loss on line 1 and line 10 of a schedule k-1 (form 1065) with PTP selected, what forms do I have to file with the IRS to capture and/or report …

I am married filling jointly but my son show my wife/his mother as a dependent on his income tax filling can i take making work pay credit for me only

I recently moved from Chicago to Boston and am planning on deducting the expense of moving my household on the tax return for 2010. When I moved I had …

If a partnership is held within an IRA, does the profit or loss reported on form K-1 need to be reported on your income tax?

I receive a pension from the Federal Government. I used to live in California. We moved in 2009 to Louisiana. By mistake, our state of residency was …

Hi there, I live in Texas and received unemployment in 2010. I had the standard 10% withheld but when entering into my taxes this year, the amount I owe …

Is income from social security considered "compensation" when determining eligability to contribute to an IRA?

My husband is in the plumbers and pipefitters union and usually works out of town. He has a lot of expenses he has to pay out of his own pocket. Nothing …

I am an owner operator truck driver. What is my personal tax deduction with regards to my line of profession? Are there any special deductions that I qualify …

As a U.S. citizen leaving in Israel, I gave birth in 2010 and received a 3-month paid maternity leave. The money came from the National Insurance Agency …

I only got part of my federal refund back. The IRS says that I need to complete paperwork before I can get the rest of it. Why is that?

Can I claim a loss on my 2010 return for a civil court judgement of $7800+ which I was awarded in March 2009 but that the defendant hasn't paid?

My question pertains to being paid monthly rather than semi monthly or biweekly. Do I get taxed more if I am paid monthly? It seems like I might have to …

I'm helping a friend do her taxes. She has had a residence in the State of South Dakota since the end of January 2010. She works in South Dakota as well. …

If your employer pays mileage by. Totaling then subtracting 30 can I turn in my unpaid mileage. Witch would total 212 times 30 for a total of 6360 would …

Can I claim my student loan interest that I paid all year under the American Opportunity tax credit form even if I graduated in 2009? I didn't get to claim …

My daughter turned 18 and moved out in Nov. She gave birth in Dec. And filed single head of household with one dependent. Can I claim her as my dependent …

I got married since I bought my home which qualifies for a homebuyer credit and all docs have my maiden name. Should I submit change of name proof with …

Our church gave a needy family 500.00 benevolence for 1 year. Are they to be taxed on this as income?

Have been employed for 7 years. Never had a p60. No proper pay slips and no written contract. However I believed I was paying in another way as money is …

Can I use my niece as a dependent? Does it make a difference of age? Hello, Thanks for your inquiry. You can claim your niece as a dependent …

Hi, I live in Florida and my husband has lived in Arizona for over a year. There are no signed papers, so we are still legally married. He pays my …

I am claiming $1600 in winnings. Will claiming $1600 in losses reduce my taxes owed?

How do I write off my membership to the shed aquarium?

I bought a home through HUD-1 private sale and make my payments to a Mortgage company that makes the payment to original mortgage holder but the 1098 comes …

My total sales tax Rate is 8.25%. I had an outdoor kitchen build by a contractor from a neighboring city whose sales tax rate is 8.00%. When claiming the …

Can you write off the costs to you to refinance your home for a lower intrest rate?

I am single disabled father of one child and do not recieve SSI , but recieve food stamps and 400 dollar monthly alotment for my child and me to live on …

My father passed away February 2010. He had a lady Bird deed on his home in Texas naming myself and brother as the grantees to his home which transfered …

I sold a stock in the first quarter of 2011 and established a long term capital gain. I have to make a quarterly tax payment on the gain in the first …

I’m 70 years old. I have been very sick. I moved from florida last July to Indiana to be with family. How will this affect my taxes?

1040 form where do I insert the amount for Medicare Part B and Part D?

We cashed out a retirement account early in 2010 and at the withdrawal time I had 20% of the amount removed to pay for Federal income tax. Now that I am …

How do I get my refund when i still owe part of it to a previous years tax?

My daughter and 3 children lived full time with us last year. The oldest is handicapped and receives ssi. She has primary custody of the other two. …

Jan of 2010 had a house fire. Estimate on house was around $121000, contents was around $72000. Insurance company paid us $5000 back in Jan of 2010 to …

Hello im waiting for a paper check in the mail but i efiled around january 14 the irs site said my dd is feb 8 and im wondering will i recieve it on that …

I paid a individual money per week to keep my son while i worked, not a actual daycare buisness. How would i claim the money i paid out last year on my …

Im twenty years old and i want to know how much does my dad get for claiming me as a student on his taxe

I settled with 2 creditcards company Bank Of America and Citi Bank the part that was settled was a total of 22342.85 my income was 22531.90. These were …

I usually claim head of houshold, my father in law now lives with us. Can I claim him? He is retired.

I changed jobs in May 2010. When I file each W2 I get a refund, but when I file them together I have to pay. I have checked and the combined sum doesn't …

Can you deduct the amount you pay for gas guzzler tax on a new car?

Does a dividend on an insurance policy that is used to purchase additional insurance have to be reported on the Federak form.

I earn a pension from Indian Government for my job that I performed before migrating here. In addition I get bank interest from my investments there. Also …

We received an out of court settlement in a liability suit we filed. It was only $3250.00. Do we have to claim this as Earned Income and where do we show …

I live and work in MN (I am a student here), but am a MI resident, do I have to file taxes for MI or can I just pay MN taxes?

Hello, My juvenile dependent was locked-up all year until 12/15/10. While in jail, she turned 18 in June. She also had a baby girl in July. They both …

My question has to do with Student room/board and meal plans of which I have paid summer and fall of 2010 and adds up to

4k. I know there is a credit …

Can I still file taxes without claiming my daughter when I've made 2000$ if my mom claimed my daughter?

Last year, my wife received several years of back-pay wages from her former employer in a foreign country (she lived and worked in that country). She now …

I was put on LTD in2006 due to my 3rd back surgery. While recouperating from third I suffered a stroke. Even though I received S.S.I. benefits my employer …

Hi. I purchased a new 2010 Dodge Ram 1500 Sport Truck in September 2010 using a Certificate of Deposit I had cashed out. Do I get any extra money back …

As beneficiary of a whole life insurance policy, what portion of the proceeds are taxable, the base policy amount (eg 10,000), the amount that appreciated …

We received an insurance settlement for an injury in an auto accident. Is that taxable?

Through a divorce settlement I was ordered to have funds transfered from my deferred comp plan into an account set up for my ex spouse. Can I claim these …

I MADE 63000 IN 09 AND RECIEVED A FEDREAL REFUND OF 4100 THIS YEAR I MADE 104000 AND USED ALL INFO FROM LAST YEAR AND REFUND ONLY CAME TO 1100? WAS THEIR …

Under contract for using a prodcut a company requires a 25% royalty payment be issued for sales where the product is involved. Are the funds that are …

I received a grant for my art studio is this taxable income?

2003 i start of my sss insurance self employed pero ngayon wala pa id ko lagi ko nang pinapa low up

An oilwell was drilled on our property. We do not have royalty rights but were paid surface damages since they took up part of our land. We received a …

I am on permanent disability and I have invested in a Research and Developement corp for a project I designed. Do I qualify to receive my invested funds …

I run a business from home. Is their and adjustment on the land line phone, the internet and the electric and gas bill?

GOOD MORNING, i AM WORKING FOR ONE OF CONSTRUCTION COMPANY AS SELF EMPLOYER. i HAVE RELISED THAT MY UTR NUMBER IS DIFFERENT ON MY EARNING STATMENT THEN …

Hello, My name is Diane and I live in Michigan. I had been working full time and I also had a face painting business that I would do on weekends. …

I am part of a 2 member LLC. Both myself and my business partner worked this year at other jobs and each made less than 10k. My partner and I started the …

Is there apenalty for not taking a withdrawl from a tax free account such as an IRA after reaching age 70.5?

I have my W2 from my regular job, and i also started a business in which i had a major loss of expense. I was filing my tax, on my w2 i had 0 federal income …

Is tax for this purchase can be tax deductible? Hello Andrea, Thank you for your question. Yes, the sales tax paid on the purchase of a new …

The city condemed 55' of a reatining wall here in CA. Cost me $29K to rebuild. Can I get any fed or state tax credit for this?

How long can the tax man go back to re claim out standing taxes? Hi Roland, Thank you for your question. The "tax man" can claim outstanding …

I purchased a very moderately priced condo in 2002. I have not gone long form from that time. Last yr's interest was sbout 3300. Am I loosing that $$ …

The PA Treasury runs an Unclaimed Property Dept. I recently recovered property belonging to my deceased father (died 2002) There are no 1099 forms issued …

Hi, Im a full time student working part time 15 hrs/wk. I was filling out my W-4 and didn't know whether or not I can be exempt from Federal WIthholdings. …

I was the victim of an inventors scam and the company was found guilty and ordered to pay the SEC 26 million. $700 was paid back to me in the judgement …

I am working in a software company, not as a salaried employee but as a consultant. I am receiving fees from the company and company is deducting TDS …

I was paid in 2011 for woek performed in 2010. Which year do I reoirt the income -2010 or 2011?

I recieved a reverse morgage on my house in May 2010 Pay 7800 of it to federal government. Do I have to pay more tax on Federal Income taxes?

Should I withdraw from 457 deferred comp acct.which is in mutual funds. to pay off house mortgage. Household (wife and me) income is $103,000 pension …

Hello I started work in the Middle East three months ago and am now a non-resident from the UK and also from my home country in Europe - emigrated. …

How can I find out who is filing me on there taxes?

Hello and thanks in advance for your help, Am I eligible for the D.C. First Time Home Buyer Credit if I have to repay the federal First Time Home Buyer …

Dear team, Recently i had travelled from Mumbai to Cochin and returned from Trivandrum to Mumbai by air visiting multiple places in Kerala. I have googled …

2008 withdrew $30,000.00 from a retirement acct. to survive. At tax we found that we owed $8040.00 in taxes(federal). We did not file the taxes. We did …

If I am a single person, how much would my net income be per month and after taxes if I made $46,000 per year?

My mother just passed away. My father made $49,930 in 2010. Should he apply for the three months of VA benefits he's entitled to ($4,680) or would that …

Hi, I'm a caterer in Sydney, Australia and I have been approached to supply some catering at my expense for an upcoming event with a registered charity. …

If you have filed personal bankrupcy several years ago, can your income tax refund be with held.

Can long term losses for mutual funds be deducted from long term gains for stocks on the federal return?

On verifying the credit of Tax deducted at Source, I found that the tax deducted by one of my employer is not appearing in Form 26AS. I requested the employer …

In 2007 my rental property was completely destroyed by fire. My insurance company denied the claim, so when I filed my 2007 tax, I reported a loss of $30,000 …

Forex losses. Can they be treated as regular losses or do they get put in a different category ie. capital loss. A capital loss is only deductible …

In 2009 I had two jobs that resulted in excess social security being withheld. I understand how to get a refund for this excess. BUT in October I started …

Can my live in boyfriend who collects ssi (680 per month)be a dependent of mine. He has no other income. He collects ssi due to depression/bipolar disorder. …

I have a fixed municipal bond both my son and my name is on it. I would like to remove by son's name off the bond and place him on it as payable upon …

If I cashout a whole life insurance policy where would I enter it on my federal tax form? Hello, Thank you for your inquiry. If you surrender …

I'm considering changing my tax status for a few months with my present full time employer from 2 (married filing jointly) to exempt. My husband is disabled …

We have an underwater mortgage on a vacation property we want to sell. If we sell at todays prices, we will have to take a $80,000 loss. Is this loss …

I have taken a loan from my bank. They are taking money from my account to pay it off monthly for the next four years. The amount of the loan was for seven …

I am employed by a hospital as a full time home based Medical Transcriptionist. My employer provides the computer equipment and reimburses me only for …

A person has been going through cancer treatment and the community did a fund raising campaign for expenses and the fund was set up at a local bank. What …

I recently retired. I receive a small monthly pension. My total pension is a little more than $6000 a year. I have no other pension. I have a new job with …

I play recreation soccer throughout the year. Each season costs from $50 - $65. I am on 2 teams. There are four seasons per year. Can I claim this …

My wife and I separated last September and will be filing for divorce in a few months. The prior months saw me losing my job and we also had to sell our …

My rental property was demolished midway in 2009 by the city of Birmingham, AL. I still own the land. What is the tax treatment? I was not paid anything …

I work for a community college and get reimbursed for some of my required travel but other times there is no reimbursement for the travel. At times I …

I am retired and have very little income besides social security and pensions. The problem is that I owe over a $100,000.00 in back taxes I pay a monthly …

I have a daughter that has given birth one day before her 18th birthday in Dec. 09. She has never worked and got a W2. Can she file an income tax form …

Do I have to file a 1099 if I earned under $3000 as an independent contractor?

In the year 2009 I didn't work as much I only made $2151 because I kept getting laid off and I want to know if I would qualify to file taxes and maybe …

Hello, Please help: Is alimony taxable? Hello Penny, Thank you for your question. Yes, the money you receive from Alimony is taxable. …

What is the new standard mileage rate for 2008? The new standard mileage rate for 2008 is 50.5 cents for January 1, 2008 through June 30, 2008 and …

I have a few questions regarding write offs. I have been working as an independent sales rep for about 4 months. It requires driving to a meeting with …

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