taxes
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Newborn and EIC
You can claim your baby for the tax year even if he was born on Dec 31st! ... My son was born on 8/16/07 and we got to claim him on our taxes in 2008. ...
Answers
- Yes you can claim him. I have a little girl who is 15mo. I had her on 12/12/07, and because I had her before midnight of the 31st of December 2007 my husband and I got...
- Yes, you can claim him on taxes. Sorry, I don't know what EIC is.
- Yes, as long as the child was born before 12/31 you can claim them for the tax year. Make sure you bring the baby's social security card and any daycare info. You will...
Transferring a Car Between Siblings
I guess she can "gift" me the car, but does that mean we don't have to pay use/ sales tax? And why does it ask for the market value on the form? ...
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- We have done this a few times. Your sister will want to gift it and you do not pay any taxes. I do not know why there has to be a market value on it, but we just guess...
- When I got married the car that my dad gave me in college he no longer wanted liabilities on. So he gifted the car to me. It was really easy we went into to DMV togeth...
- The last couple of times we've done a family transfer there has only been a $10 filing fee to change the owner of record... no taxes.
Childcare Tax Deduction
Read all 8 responses: "I'm a stay-at-home Mom who occasionally does contract work for my old employer. I have a wonderful neighbor two houses away who ...
Answers
- Considering she does not do it on a daily basis, you should not claim it no matter how much you pay. I have my daughter with a caregiver and we pay such a great rate,...
- A lot of women who do it at home do not claim the income on their taxes. I would just make sure before I start taking my child there that they do. The last woman tha...
- the child tax credit is calculated on form 2441 and filed with your tax return, the percentage is based on your income... the more money you make, the smaller the perc...
Tax Preparer
Read all 6 responses: "I have always done my taxes online but this year is complicated so I decided to see a professional. I was wondering if anyone has any ...
Answers
- I really like the guy that does our taxes...his office is in Plymouth. Let me know if you want his name!
- Jacobson & Associates in Edina will make it a breeze for you. My husband and I are both self employed and always have complicated filings. Their address is: 5200 Wills...
- Hi A.: A couple suggestions: first is DO NOT go to HR Block (for several reasons). Next, if you are near Stillwater or if you don't mind the drive, Powell & Rosenb...
Is Childcare Tax-Deductible?
Read all 14 responses: "I was talking to my cousin today and she mentioned that in certain instances, childcare expenses are tax-deductible -- and the level ...
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- Does anyone know if a facility a actual Day school, has to provide tax reciepts, my DD was at a home care timm a couple on months ago and the lady always gave us a re...
- I am a childcare provider and my parents deduct me every year. hope this helps.
- Every year the deduction I get from childcare is a huge blessing. There is a cap on how much you can deduct. I receive a letter from my daycare every year that shows...
Can Anyone Give Me a Few Suggestions?
I need some tax advice. I am paying my own taxes as an independent contract laborer, and I have never done that before and I need some (free if possible..."
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- hold back a minimum of 25% of all income. Keep ALL receipts from ALL bunsiness purchases. Seperate bank accounts for business and personal. Seperate credit card acc...
- I am also an independent contractor. I highly recommend working with an accountant. What to hold back and what to file can be very confusing at first and if you don'...
- I do not agree with the previous responder, what you can claim in regards to your utility bills depends on the size and use of your house for business. I do not rec...
Moving to Providence Area
While houses may me "reasonable" for the area, property taxes in Cranston ... Taxes are high but in my opinion it is a small price to pay to live in such a ...
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- Hi A.! Ummm so I've got to tell you. Providence isn't all bad. I live here in Providence near LaSalle Academy and my whole neighborhood is elderly Italian people on...
- I grew up in the Cranston area. It is much better than Providence in most areas. Some areas of Cranston are a little more busy than others. The homes are somewhat affo...
- Hi A., I live in Warwick and my husband drives to PC every week, its not a far ride. RI is so small, nothing is really far. Cranston is nice, but the taxes are hi...
Need Help with Tax Question for Providing Child Care.
Read all 36 responses: "Do I have to claim the money I get for babysitting on my taxes? I have never had to do this before and I have a parent who wants my ...
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- You are supposed to claim it but you don't have to as long as the people you are babysitting for understand then that they cannot claim the childcare. It is really not...
- Leagally you should be reporting all of you income. If the person uses you SS# you most diffenatly have to report it if you don't then you could be audited and pay pe...
- Yes, you are suppose to claim any self-employed income on your taxes. You will be taxed if you make over $600 that year. The people using your services do have a right...
Accountant to Prepare 2007 Tax Return
Read all 5 responses: "I'm looking for recommendations for an accountant to prepare my husband and my 2007 tax returns. We'd prefer someone downtown or in ...
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- We use Eilts and Associates. I am pretty particular about which CPA I use (both personal and for my own business) and have used a few others prior to using Eilts. I r...
- Green, Dubin, And Company. ###-###-####... Ira Dubin is the guy to see, I've been using him since about 1992... They're conveniently located on Touhy just west of t...
- If you don't have anything too complicated (nothing more than the usual itemizations and deductions) you could try one of the online tax services. We have used OnLine...
Can MDO Programs Be Tax Deductibles...???
Read all 13 responses: "My next door neighbord, just divorced, Is working in her taxes for very first time in her life, she asked me few questions and I ...
Answers
- A mother's day out program is a form of child care, for which a credit is available if both spouses have earned income during the taxable year. See Form 2441 and the ...
- She can deduct them if she is earning income other than income from disability. I am a SAHM and my 2 YO is in MDO 2 days a week. We could not decuct this year sinc...
- I just worked through this issue as well. What I found out is that you can deduct MDO/preschool programs if you are at work during the time that your child is part...
