Irs Joint Return
Question: the irs took my half of my husband and i’s joint tax return for back child support?
how do i get my half back? its not even fair they took the whole thing because WE PAY extra money a month to catch up on the back amount!!! i dont know what to do.
we didnt realize they were doing this, is it to late to file the injured spouses form?Answer: you should have filed injured spouse. i dont know if it is too late or not…
College Costs: Which Can You Deduct?
You may be eligible for several breaks or credits. Here’s what to consider.
IRS & Innocent Spouse
Married Filing Joint Return
Question: Should I file a Joint Return or married filing seperate if my husband owes back child support?
Last year we filed a joint return with an injured spouse form and it took until September to get my refund back! Would it be quicker to just file married filing separate and lose out on a little money? Or would they try to take my return to apply it toward my husbands debt?
Answer: The IRS has a formula they use to intercept tax money. The formula consists of how much your husband earned and how much you earned. They divide your income out and figure out how much was actually contributed by Your husband and then they take his portion.
I know it takes a long time to get Your Tax Refund back but Your best bet would be to file injured spouse. Or is you want to loose out on money and be penalized them file separately.If you husband was current on his support this wouldn’t be an issue….
Standard deduction amounts increased
Married couples who’ve been submitting Joint Returns for a while will notice their standard deduction amount has jumped substantially in recent filing years.
Income Tax Filings
Filing Head Of Household Married
Question: Can a 2006 federal income tax return be amended from head of household status to married Filing Jointly?
my spouse and I were separated and she filed as head of household while I didn’t file at all. I know that this was incorrectly done and I need to know if it can be fixed.
Answer: You should have filed before April 17th in some fashion in your name. You’re late now.
You’ll have to include a copy of the incorrect H.of Household return (&refund check if she got one) with the amended return showing you want a change in filing status. Expect to be audited due to the change…..so be sure the new return will not be questioned. You may want to drop into your local IRS office to get all this paperwork if your doing it yourself.
If you are still separated and she refuses to help you fix this, than contact a tax advisor.
To Receive Best Tax Refund, Jackson Hewitt® Reminds Taxpayers to Know Already Expired Tax Deductions
The expiration of the tax cuts enacted by the Bush Administration have been the source of significant debate in the media and on Capitol Hill, but those cuts affect 2011 tax returns.  For upcoming 2010 returns, Jackson Hewitt Tax Service® urges consumers to educate themselves on the deductions that have already expired this year â so they understand the implications for their own individual …
Tax Deduction Tips & Advice : How to Determine if You Can Itemize Tax Deductions
Joint Return Tax
Question: How do married couple file joint tax return if both are gambler?
Assume that my wife gambles to the same extent as I do. Also assume that we file a joint tax return. If my wife has a large net gambling gain for the year and I had a large net gambling loss, can we combine our gambling transactions and use his loss to offset her winnings? What are the IRS laws that apply?
Answer: Each of your winnings and losses stand on their own. The combined winnings go on line 21 of Form 1040. Each of you then figures your portion of deductible losses limited to your actual winnings and the total goes on Schedule A as a miscellaneous itemized deduction. This misc deduction is not subject to the 2% floor.
Keep in mind that the IRS is likely to audit your return. They will expect to see detailed records and receipts for all gambling activity. Your records must include all gambling sessions, casino name and address, machine or table numbers, etc.
Example:
You: Won $20k & lost $50k.
Wife: Won 100k & lost 20k.Gambling winnings on line 21: $120k
Schedule A loss: $40k. $20k for you (limited to your winnings.) and $20k for wife (her actual losses since her winnings were higher.)
O’Malley, Ehrlich, slow to release tax returns
ANNAPOLIS, Md. (AP) — While it’s not uncommon for candidates of statewide offices elsewhere to release their personal income tax returns to show they don’t have conflicts of interest, Maryland’s leading candidates for governor haven’t been quick to make theirs public.
Marriage-based Citizenship and Joint Tax Return – Immigration Lawyer
Joint Tax Returns
Question: Is it more beneficial to file joint or separate income tax returns in Canada?
We have one child born Nov 2008.
Answer: There is no such thing a Joint Returns in Canada. Everyone files an individual return. You state your marital status, which is used for some credits.
If you are living together and have a child, you will claim Common-law
Income tax does exist in Tennessee
NASHVILLE — April 15 is closing in. Have you filed your Tennessee income tax return?Yes, we have a personal income tax: 156,000 households paid $214 million in Tennessee individual income taxes in 2008.Unlike most state income taxes, Tennessee’s is limited to certain investment income — primarily dividends and interest.It is not levied on wages and salaries.The national Federation of Tax …
Prince Of Pot: The U.S. Vs Marc Emery! Part 2 of 5… HD