Archive for December, 2006

 

When making estimated tax payments to the IRS, do I need to include an amount to cover self-employment taxes?

Saturday, December 16th, 2006
taxes
Richard M asked:


I am a self-employed consultant as of this year, so I am responsible for both income and self-employment taxes. If I cover all income taxes due with estimated taxes during the year, but do not include funds to cover SE taxes until I file in 2009, will it appear on my filing next April that I have under-paid, incurring penalties and interest?

 

Can taxes from my groceries receipts be included when I file my tax?

Thursday, December 7th, 2006
taxes
wise investment asked:


I heard from other people that they itemized all the receipts from groceries and other items that has taxes on them and they include this when they file their tax. They don’t own businesses so I don’t get how they can do this. Is there a separate form that I can fill out to include all my expenses that has taxes on them?

 

With IRS energy tax breaks no longer deductible in 2009, what else can I do to write off my taxes?

Monday, December 4th, 2006
taxes
charlessmith702210@sbcglobal.net asked:


2008 Income Taxes–How to negate the damaging effects of deductions that will be taken away from the IRS effective 2009.

Found out that doing energy-saving write-offs for your IRS taxes will no longer be deductible in 2009.