Free Tax Answers Until January 31st
We’ve closed the books on 2008, so that means it’s time to start thinking about taxes. Are you someone who likes to get going on filing right away, or do you wait until April? Either way, if you have questions regarding your tax situation, you probably realize that it can be difficult or time consuming to find accurate answers online, or it may cost money to hire an accountant for professional advice.
Luckily, the good folks at Turbo Tax have put together a promotion where you can get your federal tax questions answered personally via phone. The process is simple. All you have to do is go to www.freetaxquestion.com and enter your question and provide a time when you’d like to be contacted. A tax expert will then call you to answer your question. It’s that simple.
While this won’t replace having your own accountant, for many people it can provide a great way to get a quick answer to a question that’s stumping you on your return. How do I claim this deduction? Can I deduct my child’s tuition expenses? Do I qualify for…? and so on. This service usually costs $29.95, but it’s available for free to everyone through January 31, 2009.
I’ve always been more of a TaxCut guy and have been using that the last few years, but I was considering hiring someone this year to do my taxes. But, since I’m fairly comfortable with doing my taxes, I may give this promotion a try to see if I can get a couple basic questions I have answered. It might save me the trouble of getting an accountant.
Their tax advice line is open between 7 am and 7 pm PST. So if it’s too early or too late, just check back to the site during those hours and you’ll be able to submit your question.
Author: Jeremy Vohwinkle
My name is Jeremy Vohwinkle, and I’ve spent a number of years working in the finance industry providing financial advice to regular investors and those participating in employer-sponsored retirement plans.
If a 401k is closed out and the funds used are for a home purchase does it still need to be claimed as income? I recall if the funds are utilized for a home purchase you dont have to claim it as income. Keep in mind our penalty and tax was paid on the closure of the account.
I have been 18 as of July 19th 2012. My other told me I could not claim my own taxes for the work I done from July 10th to November 11th, because i was not 18 for more than half the year and I lived with her. She said by law she has to claim me on hers .. Is there any truth to that or legally can i claim my own taxes.
"So my son's mom is getting a divorced but her ex still plans on filing as married and claiming my son still.. is this legal? he moved out of the house before Thanksgiving and There in the process in submitting the divorced paper work with in the next 30 day.. can he still claim my son?" She does not work never has. and is okay with it because he promised her he would give her some of it..
Well first of all i am really sorry to hear that terryq...I just wanted to give an information to everyone just not to believe anyone regarding money...or taxes..Just go where you have proper trust, faith, positivity and gain the full knowledge...It will surely help you.
My husband's father passed away and left a house which is aunt was the executor on. The house was sold in 2010 and a check was given to my husband for 150K. The check was an estate of check. I was told that he didnt have to pay taxes or claim this income. I am still worries that I was given the wrong information.
I live in Pa I have a daughter who is in college and also works, I pay the tuition , Is it better to claim her or let her claim herself?
Hi, i was curious to know if my husband is fully employed. I am not employed. I am epileptic and cannot collect disabilitiy benefits because my husband makes more than max limit allowed to claim them. Can my husband claim me as a tax write off for dependant disability care?
I am in the middle of filing late Tax returns(3 years late) and i was wondering if by having unpaid Taxes on my history records, will that be able to stop me from getting a full time job?
I am a small investor, I fund mortgages All went well
until 2008. Two mortgages went bad, property was deeded
back instead of forclosure. This was a $50,000 loss.I sold the properties the same month to minimize additional
Question: , can I deduct this loss from other income?
I worked as a contractor for half of 2008. The other half with some one taking taxe out of my check. I have a wife that works and 1 child. Is it possible to split the contract and non-contract seperate so I only owe taxes on myself.
My husband pays and is co signor of a Home Equity loan on my mothers home. Can he claim the interest paid from the 1099
We are based in Australia. Interested in forming an LLC in US. There will be 2 Non-US members (husband & wife) of the LLC. The company will be actively running a business dealing mainly in electronics products. There would be payment send overseas for goods purchase/import and funds received from US & Canadaian companies/institutions/individuals for goods sold. We have been reading few things on internet and some suggest to elect an LLC to be taxed as a corporation but this is only available for members with SSN# which in our case there are none while some thinks it is possible. Kindly inform the tax liabilities and best tax structure. Please contact us for any further information required.
i have property in onother state than i live in i was considering selling and using it to purchase a house where i live i heard that i would not be taxed if i use it with in a time frame to purchase a house where i live at also i own the property out right it was givin to me when my father passed away
I want to give my girlfriend money to buy a new car, but she is worry that she will have to pay tax on the money as income. So why do I have to report it as a 25,000 gift for taxes? Thanks for your help.