What does this tax question mean? If you paid state & local income taxes in 2007 for a prior year?
Me asked: “If you paid state and local income taxes in 2007 for a prior year (such as taxes paid in 2007 as a balance due on your 2006 state income tax return), include this amount as other state and local income taxes paid.
Other state and local income taxes: $____”
While filing online, I got [...]
What is the tax liability for someone that leases a business? As an employee or as an independent contractor?
jsep20 asked: I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an independent contractor? If so, what requirements are necessary to be an [...]
How to figure out the Federal Tax in a phone bill?
Minh N asked: In a bill from BellSouth, there are many Federal Charges: Federal Universal Service Charge, Federal Exercise Tax, and Federal Tax.
Which kind of these taxes is claimed in Income Tax Return 2006?
In additions, may a taxpayer claim Federal Tax in a moblie phone bill?
Thanks for your answer.
How to report property taxes on tax refund when changed property during the year?
Vivalamitsu asked: We sold our house and bought another one in the middle of the year. What property tax amount should i report on my income tax return? The full amount of taxes for the new property or should I report the pro-rated amount I gave the buyer of my old property and the amount [...]
Will students be affected by the AMT tax issue?
asked: I am a full time student, filing income taxes independently, who normally completes forms for the Education Credits. I’ve read that Form 8863 for Education Credits is one of the forms affected by the AMT tax law changes. Does this mean that students will have to wait until after February 11th to file [...]
