Denise1972
Can you file a federal tax return being on disability

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carolyn
I am wanting to give my son and his wife money; do they have to pay taxes on it?

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C
I have a friend in the UK who wishes to sponsor my child (pay for their college education) I live in CA USA. Where is the best place to put this monetary gift and how will affect my taxes?

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 JoAnna Carter
I have accepted a job in Louisiana and I currently own a house in Mississippi. I'm moving into my boyfriend's house in LA, so I want to keep my home in MS. How do I handle the state taxes on my income and the homestead exemption on my house in MS?

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mtnester
It’s been a problem finding my statements and payment records, so I hope this will make sense. It will take awhile to explain, but I really need some advice.

In 2005 I was unable to return to work after a 10-month sick leave and took an early retirement at the beginning of September. Two weeks later 1 borrowed $12,000 from my 403(b) account. My bad: during 2006 and 2007 unopened financial statements were buried everywhere.

I did pay about 25% of the total loan during the 1st quarter of 2006 and a made partial payment during the 3rd quarter. Payments were $721 per quarter. The last week of December I found a loan statement, realized it was overdue, and tried contacting AIG/VALIC to make an electronic payment. On Jan 8 they emailed me the info that I couldn’t pay electronically but had till Jan 16 to make a payment and avoid being in default. I sent a check for $350 the same day; it cleared my bank on Jan 16.

I wrote another check on March 20 which cleared on April 2. At the end of April I was told the loan defaulted on March 27, and the payoff amount of $5640 must be remitted in one lump sum payment by May 12, so I sent a check for the amount quoted. That payment cleared my bank on May 14. One other item: I didn’t turn 59½ until December 21, 2007.

Now that it’s tax crunch time I’m discovering what I didn’t get a handle on earlier, which is:

a) My AIG/VALIC statement for March 2007 shows a principal balance of $5,440.52;

b) The June statement shows I paid $5,440.52 for principal, $199.96 in interest—and still had a principal balance of $3,171.62 (why a balance, when I paid the payoff amount they told me?);

c) AIG/VALIC has sent a 1099-R for $8777.52 (why that much when I put over $5K back in?)

Other than using a telephone (I have a problem using a telephone even with hearing aids) the way to contact them is via their website form, which I did in late March to ask for clarification. So far I’ve had no acknowledgment of my query, let alone an answer.

Hubby and I want to get the tax rebate for filing on time. Am I correct in my assumption that we have to suck it up, pay the tax on that $8K, fight with AIG/VALIC for a corrected 1099-R, then file an amended return? (Had I known I would have to pay tax on that much income I could have kept the payoff and used it to pay the tax!) Or am I totally brain-dead and the 1099-R I received is indeed correct?

Also, if I do have to pay tax (and penalty) will I be paying tax on the same money three times? i.e., I have to pay tax on the $8777, I already paid tax on the $5600 I put back in, and I’ll be paying tax on the $5600 again when I begin distributions because it’s a tax-sheltered annuity. Please help me in trying to understand this. I did try another website several days ago before I found this one but didn’t get a response.

Thank you so very much for your input.

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laemtp
Can I claim Head of household if my ex is claiming our child as a deduction this year? (only child, joint custody--physical and legal, no child support)

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sarahburke23
I am a 25 year old single mom of three and currently live at home with my mother. I am in school and have not worked any in 2007. I do have a w2 from financial aide and wondered if I should file taxes and claim my children or if my mom should claim them?

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tentlady
I'm having a problem with my 2002 and 2003 taxes. I'm being audited.

I'm disabled and collect a disability retirement of about $12000 per year. The IRS says that I owe $13000 for those years. I say they owe me a refund.

My problem is that I live half the year in Fort Myers, Florida where my mom can take care of me when I need. Many of my records, medical, tax, business, were destroyed in flooding caused by hurricane Charlie. I dont have all of my vehicle records, by the same token, I dont have my earning records.

My earnings are from selling at flea markets and craft shows when I'm not too ill.

My question is this, .... if I have to prove my deductions, should/does the IRS have to prove my earnings?

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Dyno
I received a 1099 notice that indicated they did not have my SS#. This notice came a month after I fled my return. If I don't provide them my SS# what can they do?

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pam
My mother is 80 yrs old. He gets $780 monthly soc. sec. and approximately $6,000 a year from trailer space rent. Does she have to file income tax?

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stella
Hi, I have an American Mortgage with an escrow account, which is used to pay Local taxes and Hazard insurance. Last year my Hazard insurance lapsed due to my insurance company not renewing because it is a rental property and not fully occupied. They said they had sent me 3 letters stating this, but I never received any. The insurance was due for renewal in June, but was not made aware of any problem until I received a statement from my mortgage lender showing that they had taken $3500 out of the escrow account to pay for Forced insurance ( my previous insurance cost $850). My question is, Should the bank have reminded me that the insurance was due in June ? Or is it totally my responsibility to make sure it was renewed ? Thanks Ian Redfern

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 Deandra Etienne
What can happen legally if you owe back taxes (2005) on you home and taxes for (2006) will be due Jan. 2007? Can the home be taken for taxes?

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women's health
How much is the taxes in Mississippi on a used car? How would I buy a car in Georgia, but I have a Mississippi driver license? How would they go about this? I WANT A MISSISSIPPI LISCENSE TAG! What are my steps to get a tag from Mississippi, but buying a car from Georgia

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women's health
I live in Mississippi. I recently went to Georgia, and I saw this car I wanted to finance in Georgia. My question is if I buy a car in Georgia, what is the procedure for still getting a Mississippi car tag, and what extra taxes are involved. Please answer ASAP because I don't want to end up with a Georgia tag living in Mississippi!!!!!!!!!!!

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student
I am a college student. I am single with children. Their father gives me cash on a regular basis but we do not have anything legally binding. I am going to apply for student aid. Should I put the money he gives me as income? Is it illegal for me to leave it off the paper work?

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briemm
If you get a US Green Card, is it true that even if you leave the US, you're obliged to declare all worldwide income to the US tax authorities? Do you still have to pay taxes even though you are no longer employed by a US employer?

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Mr Russell Cox
Is Social Security Disability Income taxable at the state or federal income?

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duang
Are non-U.S. citizen living overseas obligated to pay tax to the U.S.

government (IRS) on stock dividend earn from a U.S. company trading on US exchange?

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Mrs Sheryl Renfroe
Someone has designated $625.00 to the church secretary, it was reviewed by a benevolence committee that there was an extreme need. Does she have to pay taxes on this since it was a genuine need? Or should that person have designated it to someone else in her family?

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Mr Rob Hill
Since the IRS's own code defines "individual income" as income from individuals who work or live on government land, work for the government, or legalized aliens only, then why are the rest of us paying individual income tax?

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Lord Calvin Dwenger
How does internet tax law work?

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Miss grainne mccartan
My brother is a sole proprietor with a business in San Francisco. He has more recently set up another branch of his interior design business in New York city. Does he need another license for this branch and does he need to file separate taxes?

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