Yahoo! Answers: United States
Yahoo! Answers: United States

Open Question: Question about unemployment?
I was laid off in Jan. 2009. I collected unemployment for 10 months. People I used to work with filed a suit against them for breaking the warn act. If we win do I have to payback unemployment? I am trying to figure out if I should opt out of the suit.
Open Question: I'm a full time student & borrowed money from FASFA. I haven't...
Open Question: Is there a phone number for IRS to talk to a real person?
Open Question: Rental property expenses deduction?
I moved out of my house on 10/31/2009 and converted it into a rental property. It took me two weeks to get the house ready for renting but it didn't rent till 02/01/2010. So I only have rental expenses (new paint, carpet and utilities, etc.) and no rental income for 2009. My 2009 AGI is low enough to allow the rental expenses deduction. My question is, because I lived in the house for 10 (out of 12) months in 2009, am I allowed to deduct the rental expenses on my 2009 tax return or not? The instructions in the IRS publications about living in and renting a property in the same year are some what confusing. Thank you.
Open Question: What is my new cars sales tax?
I bought a brand new truck in 2009. While filling out my tax refund, im eligible to deduct it. How do i find the "sales and exercise" tax on it? The form asks for the overal price i got it for, without tax, and then the "taxes paid". How do i get this information?
Open Question: If we are married but fling taxes separately, one has no incom...
Husband has major credit card debt. Attorney said to file separate taxes. All assets are in wife's name. Wife has only income in household. No children. Can wife claim husband as dependent? Should husband claim himself, instead?
Open Question: Tax Wash sale with example?
Say i bought Google shares at 600$ on Jan 15th 2010 And sold it on Feb 1st for 500$ Took a loss of 100$ And on Feb5th i bought the SAME google shares again at 510 $ I understand i cannot claim the 100$ as loss.( since it is a wash sale ). On April 1st 2010 , i sold google at 700$ My captial gain would be 510( invested amount ) + 100 ( my wash sale loss) - 700$=90$ Actaully the profit is 510- 700 = 190$ Yet bcaz of the wash sale my gain is 90$ is my captial gain. Please let me know, if my example is right
Open Question: unemployment claim and 2nd extension?
I live in Michigan and I'm on my 2nd unemployment extension. My original claim expired on mrach 06/2010. I called the unemployment and somone told me to call back before April 04/2010. I do not understand why because my claim has expired on March 06/2010.
Open Question: where do i report the 940 and 941 taxes paid on the 1120-s form?
This is the first year we have a w-2 officers salary. We paid 940,941 and UTC6 taxes for the last quarter of 2009. Now I am finishing the 1120-s form and put in officers salary, but where do I enter the amount the corporation paid in employment taxes? including the UTC6 for florida.
Open Question: How much in taxes will be taken out of this paycheck?
If I'm getting paid $856 every two weeks, I live in Alabama, and I'm married without children, how much will go to taxes?
Open Question: I claim myself for my tax return and already received my refun...
I told him that since i already did a personal exemption on my 1040EZ he cannot claim me as dependent. I am a full-time student at CSU-sacramento for spring 2009 and withdrew for fall 2009. I worked and earned about 9,000 dollars and also did a loan for school, 3,500 dollars. I pay for house rent since fall 2009 and my personal belongings. He provides the house and things including the house. I now am a full time student for Spring 2010. He claims that he needs to claim me for my financial aid....is that true? Does he need to claim me to get financial aid? Can he claim me as dependent when i already claim myself? Do you get penalized if you do?
Open Question: Where do I claim my tips on my taxes?
I'm not really sure where I put the amount of cash tips that I've made at my serving job on my taxes. It's not a huge amount, maybe like $300 over the span of 5 months. Do I add it to the "Wages/Tips" part on my W2? I want to do this honestly, I'm just not really sure where I put the amount. Thanks!
Open Question: Do I have to file state or federal taxes if I only made about ...
I am a full-time student and only made $3600.00 in income this past year, Do I still have to file? I know I wont get a refund but am I obligated to file still?
Open Question: Barely got my W2 from an old employer, but I already filed my ...
So, I'm a college student and last year I worked three different jobs to make ends meet. One was a regular job, another was a part-time at home job that paid me like a contract job so I used the 1099 on that, and a third job that I worked at for two weeks (and got paid one check) who also paid me like a contract job. I had even completely forgot about it, so I filed my taxes as soon as I got my W2s (and even though I'm struggling with my bills and tuition and books I ended up having to pay back the government $12 grrr) anyhow, I wasn't including this last job that also paid me like a contract job and for the two weeks I got paid a total of $405. Question, what do I do now that I've already filed and they just gave it to me? Wasn't there a deadline THEY had to meet? They sent it out Feb 28. Question, does that mean I'm gonna have to pay MORE if I add this one? I can't afford this no way no how! I'm a college student all on my own! :'( Only reason why I didn't really think about the last w2 was because it was ONE check & I have no idea about this kind of contract stuff, I'm a college student it's my first time doing all of this, I thought only if you made over $1,000 you had to report it like my other job told me, I wasn't trying to get out of paying or reporting it.... freakin government taking the only money I have left. Thank you all for your answers.
Open Question: WHy is H&R block charging me online?
I completed my taxes last year on their website, turned down all the additional fees, and I files without charge. Now their saying I have to pay 14.95??? I know I didnt sign up for anythign? Does anyone know why. I file 1040ez.

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CNN Money Tax News
Pipes Output

12 ways to cut your taxes
The bright spot of the dreary 2009 economy: savings for everyone.
How $1 trillion hides in plain sight
The government does without roughly a trillion dollars a year because of a slew of tax breaks -- everything from the mortgage-interest deduction, to education and child credits, to low rates on investments.
Tax goodies for job seekers
Job hunting can be expensive. The costs of hiring career coaches, printing hundreds of résumés at Kinko's and flying out for weekend job interviews can really add up, especially for someone who doesn't have an income.
Rat out a tax cheat, collect a reward
If you knew coworkers, former bosses or exes who cheated on their taxes, would you turn them in? The Internal Revenue Service can make it worth your while.
5 tax breaks you should look at
Tax season is upon us. And while nobody likes shelling out their hard-earned dollars to the IRS, this year the government is offering up some new opportunities that could save you big money. As part of the American Recovery and Reinvestment Act, or stimulus bill, Congress introduced several new tax goodies that could help millions of Americans save -- as long as they know to claim them.
Are you a tax cheat?
Do you cheat on your taxes? If so, you're not alone. More Americans are fudging their taxes and an increasing number of people are scared of being audited, a survey from the IRS Oversight Board shows.
Tax audits: Uncle Sam wants you!
Worried about a tax audit? Maybe you should be. More Americans than ever may be subject to unwanted attention from the Internal Revenue Service this season as the government pumps billions of dollars into tax collection.
Obama's budget: Impact on your taxes
President Obama, in his proposed 2011 budget, is calling on Congress to make a number of tax changes for individuals.
Haiti contributions deductible for 2009 taxes
The Senate unanimously passed legislation Thursday that will allow taxpayers to deduct cash donations to Haiti earthquake relief on their 2009 tax returns instead of having to wait to file the claims next year.
House OK's deductions for Haiti on '09 taxes
The House unanimously approved a measure Wednesday that will allow taxpayers to deduct cash donations to Haiti earthquake relief on their 2009 tax returns instead of having to wait to file the claims next year.
Taxorama: 7 changes on the docket
Everybody's angry at banks. Federal deficits are wide and need addressing. And the president and Congress are starting to map out next year's budget.
Taxpayer advocate to IRS: Don't lien too heavily
The tax man has gotten a lot more aggressive in slapping liens on taxpayers who are seriously delinquent in their payments.
Tax showdown ahead on health reform
Democrats in the House and Senate are on the same page when it comes to health reform. They want it.
Estate tax: Try again in 2010
Lawmakers will start 2010 with a hefty to-do list thanks to a lot of unfinished tax business they left on the table in 2009. The chief example: the estate tax.
Writing off losses in your portfolio
Question: If I sell a mutual fund to write off the loss on my tax return, do I face any restrictions on reinvesting the money? -- Tom M., St. Paul, Minn.

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