Tax Question??
I got married ending year and me and my husband will be filing taxes soon. He works and I do not work. In 2005, I be a mystery shopper and I made $452 from mystery shopping. I didn't file taxes that year because everyone be telling me I didn't take home enough to profile. Now in 2008, after reading, I found out I should enjoy reported that income. That was the lone income I made that year $452 as I was going to college full time. Now that I am married, I found out I should own filed on that $452 because I could own received income credit because I have 1 child. Is nearby anyway I can file this presently?Answers: you can file a regular due return, it will be considered "late" but because you didn't earn enough to pay envelope taxes, you won't have to rate any penalties (you singular pay penalty on taxes you owe, the tax decree is clear on this http://taxes.give or take a few.com/b/2005/02/17/fili...
as for the EIC,
http://www.irs.gov/individuals/article/0...
You can file a toll return upto 3 years after it was due. The 2005 return be due in April 17, 2006, so you can wallet it up to April 17, 2009. You won't get a extremely large earn income credit on $452, and you may find it costs as much to prepare as you get subsidise.
How much of my real estate taxes and mortgage interest can I use on my taxes if I own a home with a non-spouse
Answers: You would claim the amount that you pay, and he/she would claim the amount that he/she pays. You can work out an agreement between the two of you also and use that.
Be sure that whatever you do, the amounts each of you claim equal the amount on the mortgage statement for interest paid. You'll also have to figure out how to claim the property tax as well, unless one of you just pays all of it. Typically, the taxes are part of the escrow and are paid by the mortgage company.
By splitting the interest expense, will you have enough expense dollars to itemize your taxes?
2 IRS export tax (2008) Questions. One next to high regard to Fed/State taxes, the other beside high regard to processing times.?
I have not long filed a return (1/11/2008). My return be accepted 1/13/2008 by the Feds. I (in turn) recieved an intial date of deposit (2/12/08).This date changed toward the latter constituent of last week (1/29/2008). I next (last night) recieved a new deposit date that tons other bloggers seem to own recived of 2/19/2008.
I check now, and it can't locate my compensation. Thsi usually occurs when my date is varying or a status is being updated.
My interview is this: With regard to others self in the SAME boat and recieving the recent date of 2/19/08, are the processing times REALLY that unpromising? Has anyone else recieved information that has changed so much?
**I am NOT artificial by AMT, EIC, or any of the 5 deduction schedule being altered, and do not enjoy a code for any type of audit, etc.**
The second question I hold is, if I owe the state from last duty year ($91.00), would the Feds deduct that from my discount and forward it to me? Or is it possible that it could be held?
Answers: As far as processing times (a) the IRS, a direct deposit refund-related return could take anywhere from 1 to 4 weeks, term. There's no rule-of-thumb as to when you'll actually go and get your refund. But I can't give a reason why you apparently hold on to checking to return status & get a different date - you'd enjoy to ask the IRS about that.
With respect to your State interrogate, the Feds & each of the States don't keep hold of track of each others' taxpayer's return and/or filings. It's your responsibility to bring care of that regardless if you owe money or not. I would not EXPECT the IRS to subtract what you owe to a State (but life offer no absolutes)...The IRS is more interested in you owing (or self delinquent on) taxes/loans/etc on the Federal level.
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