Taxes Info

How long does a person have to pay property taxes before they are considered the property owner?

chatyak — Tue, 09 Mar 2010 18:29:40 +0000

who_am_I? asked:

Person paying taxes on a home not under their ownership, how long does this person have to pay taxes on the home before the state considers it theirs? Is this even possible?

What taxes and fees can I deduct from a New Home Settlement Statement?

chatyak — Tue, 09 Mar 2010 04:19:28 +0000

Melissa Y asked:

I purchased a new home in 2007. I need to know what taxes and fees I can deduct from the Settlement Statement?

How do I amend my 2008 taxes for the home buyer credit?

chatyak — Sun, 07 Mar 2010 17:45:55 +0000

cheese2425 asked:

So, I just bought my house. I want to ammend my 2008 taxes and claim the credit now. How do I do this. I found the form online but it has no instructions for where to send it or with what documentation.

Which state do we pay our vehicle sales taxes in?

chatyak — Fri, 05 Mar 2010 23:24:26 +0000

ChaseMakesMeSmile asked:

We bought the car in MI and brought it home to TN to register it. The dealership made us pay sales taxes there. Now that we’re in TN we were told that we’re tax exempt when registering here because of being active duty military. The lady at the clerk’s office said that we shouldn’t have paid Michigan taxes at all. Should Michigan have charged us the tax? If not, how do I go about getting my money back? Thanks in advance.

Filing seperately can my wife take the Mortage Tax credit on our state (CT) taxes if the loan is in my name?

chatyak — Thu, 04 Mar 2010 07:30:30 +0000

Bryan W asked:

I’d like to take the auto property tax credit on my return and hopefully let her take the mortgage property tax credit. With the maximum credit allowed at $500 in CT, and us paying a lot more than that in taxes, we want to legally minimize the amount owed.

When do I need to fill out taxes and a DBA?

chatyak — Mon, 01 Mar 2010 05:41:39 +0000

Xena Warrior Princess asked:

I want to start selling baseball cards on this site. Basically, anyone can sell on the site and a buyer chooses what card they want and chooses what seller they want to buy from. Do I need to fill out taxes for this and a DBA? I am also collecting baseball cards and the cards I’m selling are ‘leftovers’ after I pick out my collection.

I read that infertility treatment can be deducted from taxes?

chatyak — Wed, 24 Feb 2010 19:42:42 +0000

LovinNY asked:

My husband is going to have a vasectomy reversal and my question is, can it, as infertility treatment, be deducted from taxes? At least part of it? Some websites compared it to the medical procedure to correct one’s disability (to have children) and such, I understood, are deductible. Do medical expenses have to be 7.5 % Gross Annual Income to be tax-deductible?

Where is the evidence that lower taxes stimulates the economy?

chatyak — Mon, 22 Feb 2010 02:10:57 +0000

yodasminion asked:

Historically we’ve had much higher taxes, especially in the ’50s and ’60s, and our economy was growing at a faster rate then than it is now. We raised taxes in the ’90s and it grew faster than in the ’80s, when we cut taxes.

I know the information economy has something to do with it, but IT was possible because we had an overall strong economy.

What percent of my paycheck goes to taxes in Illinois?

chatyak — Sun, 21 Feb 2010 20:10:19 +0000

Layla asked:

What percent of my paycheck goes to taxes in Illinois? I make $7.50 an hour, and am 16.

How do we find a good accountant to do our taxes?

chatyak — Sun, 21 Feb 2010 15:00:54 +0000

JLO asked:

My husband and I got married last year and will be filing our taxes jointly this year. My parents have always had their accountant do my taxes and my husband has done his own the last few years. This year we’d like to go to an accountant, but how do we go about finding a good one? I’ve searched yellow pages and there’s a lot listed, so how do we know which ones are good? Or are they all pretty much the same?