So I would like to print my 2008 Tax Form but don't know how do I get a copy? I used the Turbo Tax CD and made it myself. I need a *SIGNED* copy of the tax return to return to the university i will be attending soon. They stated, "NO simplified copies provided by electronic filing software are acceptable."
How do I retrieve the copy then?

thanks.

a personal copy will not work, because that is not proof of filing and proof of income.
You need a Transcript from IRS, visit your local IRS office in your city, to obtain the transcript, all schools, banks, financial establishment accept the transcript as proof of income.
Take your picture ID with you. IRS will give the print while you wait.
Find your local IRS by visiting IRS website www.irs.gov

Go to irs.gov, get form 4506-T and request a transcipt. Since this *is* generated from the copy at the IRS, it's fine.

If you go to a taxpayer assistance office in person or are at fax machine and call in (800-829-1040), you can get it immediately.

The turbo tax CD should give you the option of printing a 1040 form for the return you filed electronically. Just print that out, sign it and give it to the University. I do that all of the time.

you prepared your own return and didn't make a copy for yourself?
if you need the forms, they are available at www.irs.gov and you can print a copy of each form you need there

Wow i read they denied the bill to extend unemployment benefits recently so what happens next ?. There are people unemployed through no fault of their own and 2010 will be another tough year as so many jobs have being lost and no new ones created ...

The unemployment extension was not denied. The Republicans are stalling and they are debating on how the extension will be paid for.. either from the stimulus funds or an extended tax on employers. They have 60 Senate Hours before time is us and they must vote on it. Senate is expected to vote on this measure by the end of the week.

It's a certainty that it will.

The problem is that Senate Republicans are stalling the legislation in attempts to attach amendments for unrelated issues. With folks out of work, this is American politics at its worst.

Contact your elected representatives (especially your 2 senators) and demand that they act on the bill NOW and stop messing around with petty politics. The bill needs to hit the Senate floor for an up-or-down vote without any more time-wasters by Republicans.

Odds are strong that another extension will be passed.

stop smoking ...that will save some money..you can't afford them..

After I filed my taxes, I owed GA state taxes. In April 2009 (this yr), I filled out an Installment Payment Agreement form and emailed it w/ a voided check. From then, till now, I have not heard anything about it. I was in touch via email with someone, but haven't heard back from him. He said he sent it in for processing and that the monthly payment would get taken out of my account on the 10th of every month, but that has not happened yet. He also said that I would receive a letter from the IRS about my payment arrangement. I have not gotten that letter yet.
Does it take this long? I am a little worried. What should I do?

You need to resolve a state issue with the state tax authority not the IRS. If you owe GA tax you need to contact the GA state tax authority.

I'm confused. If you owed GA state taxes, why did you try to set up a payment arrangement with the IRS?

Who exactly do you owe?

It will help solve our economic issue.

everyone that is looking at my answer,remember the quetioner is a whore

If you think its such a good idea then do some market research, write up a convincing report, and start talking your elected officials.

Religious beliefs aside, I don't see how it will benefit society to increase the operating expense of churches and make it harder to start new churches. Even if you don't personally believe in God or attend church, you cannot deny the social benefits of churches.

You are living in a one dimensional world. If we taxed churches they would not be able to provide all the services they do now and it would take two tax dollars to pay for what churches can do for one.

what makes you think that will solve the problem?
I don't know a whole lot of churches who are so wealthy that taxing them would make a big boon to the economy

If I order a playstation 3 for $299.99 that exactly how much I would have to pay at Amazon. Stores like GameStop tack on an extra $30 sales tax.

You only pay sales taxes on purchases made from stores that operate in your state. Unless, Amazon (or the seller that is selling through Amazon) has a physical location in your state then you will not be charged any sales tax. This is one of the many reasons I choose Amazon..... also the free super saver shipping!

Online businesses are considered as old-style catalogue businesses. They can ship state-to-state and not collect sales tax.

These types of businesses are only required to collect sales tax where they have a business presence in a state that requires them to collect sales tax in that state.

Currently Amazon is only required to collect sales tax to items sent to Kansas, Kentucky, New York, North Dakota, and Washington State.

By the way, in most states with sales tax when you buy something from Amazon and don't pay tax, you are supposed to fill out a form and send the tax in to your state yourself. Some states have even added this form to their income tax return. Yes, I realize that the number of people who do this is very very very small.

The only time you must be charged State Sales tax is if the seller has a store in your state. If you order from Target, Sears, JCPenney, etc. you will be charged Sales tax since they have stores in all states. The seller only charges sales tax to people who are in the same state as the seller.

If you order it & go through the checkout, once your address is added it will then determine your states sales tax & charge you that rate.

They get the money from the person who is selling it, so they don't have a need to put on the extra sales tax

The top 50% of taxpayers pay 97% of all federal taxes.

How could this be considered unfair to the poor and middle class? The poor and middle class only pay 3% of all taxes, whereas the rich pay the rest?

How in any sense of the word does that make it "unfair"? If the tax system is unfair to anyone, it's unfairly punitive to the rich!

40% of working US adults pay ZERO taxes, and a high percentage pay a negative amount of taxes, via the welfare/food stamps/Medicaid benefits they receive.

Where do people come up with this stuff? Are they really that mathematically stupid or do they think they can fool otherwise-ignorant people into believing the rich are somehow benefiting.

My father makes $250,000 a year and pays $118,000 in taxes. It would take me three years to earn $118,000. So how is his tax burden "unfair" to me? That's impossible!

They also tend to overlook the fact that the 'rich' are the risk takers and the business owners who employ them. They create jobs for people and have take the responsbility of ensuring pay packets at the end of the month. You don't stay rich by hoarding money, but by ploughing it stright back into something productive. They deserve all the help they can get.

As a function of the amount of wealth controlled, the wealthy pay considerably LESS than their "fair share" of income taxes. The top 10% of all taxpayers pay about 85% of all taxes but control over 95% of all wealth.

There's no way that your father pays $118,000 per year in income taxes. Even if he's single and has no dependents, his Federal income tax liability would be less than $65,000. Even in the highest tax states his state income tax liability would be on the order of $20,000 or less. Even if he is self-employed and paid around $19k in self-employment taxes that is well below $118k.

Well, to begin with, you sometimes talk about apples and sometimes talk about oranges and compare the two -- sorry, that doesn't work out mathematically, maybe that's why you are confused.

The top 50% of taxpayers who supposedly pay 97% of the taxes includes corporations as well as well-to-do individuals. Since these large corporations make mega millions of dollars, they pay big bucks in taxes (even after all the tax breaks Congress gives them every year). So you can't compare this figure to poor and middle class individuals tax since you are comparing substantial corporate taxes against individual taxes.

I certainly don't know where you came up with the figure that the poor and middle class only pay 3% of taxes. Since the lowest tax rate is 10% and the highest is 32% on what is now considered upper middle income, your estimate seems way below the bounds.

And, isn't it a little unfair to include people living on social security and small retirement income in this category of "poor and middle class?" In order to get to your calculation, you would have to include them and all the welfare families in this category to get the tax rate this low. Since none of these people are earning a wage, it is grossly unfair to include their meager incomes into the middle income category. This only achieves a very unfair low rate of taxes without providing an accurate picture of anything.

Why don't you break out the "middle income" families and compare their total gross incomes and total taxes paid. Then find out what the highest income individuals had in total gross incomes and the total taxes paid. I would bet you that the middle income families are paying a higher percentage of income as taxes than the wealthiest families in the US.

One reason the wealthy pay less taxes is that interest and dividends are taxed at the flat rate of 15%. Who collects the most in interest and dividends? The wealthy!!! This means that the majority of their income is taxed at 15%, not up to 32% as wages are taxed.

When the flat rate tax on interest and dividends was enacted under George Bush, it was determined that average citizens would save $11.72 per year, while the 1% of wealthiest would save over $700,000 per year. Do you see any discrepancy in that ratio?

If 40% of working US adults pay ZERO taxes as YOU STATE, then they are working for minimum wage (or less), and are trying to support kids with it -- you try it for a while and see how easy it is. I don't know where you got this figure, but it is WRONG.

Where did you get all this STUFF you are spouting as real -- none of your figures appear to be verifiable. Maybe others are not as stupid as you claim they are.

Maybe you should seek better, more accurate, statistics and learn how to read them so you get a clear picture rather than take some of the garbage statistics that are circulating today. It's a sorry state of affairs that persons on TV and radio are making millions of dollars to spew out nonsense data like you have just repeated. They do it to stir up trouble and make their ratings higher so they can demand more money -- less than honorable motives -- don't take their garbage for real facts.

As far as you father is concerned, the highest federal income tax (32% after standard deductions and exemptions) he would pay is $71,000+ on his income; where he is paying the other $48,000- you don't say; but this is very high for state taxes.

When Tyson and Cargill give rides to their illegal immigrants, they don't get taxed on that benefit. A self-employed business man deducts his expenses which might include a fleet of vehicles. So, why do employees have to pay tax on a vehicle that is used for getting to work and back?

If your employer provides you with a car and you use it for other things than business use, you pay tax on the non-business use. Commuting to and from work isn't business use.

This is because most American individual taxpayers will not be able to document what portion is used for work and what is for personal, and even if they can, it is too much work for the IRS to track that it wouldn't be economically feasible for them.

If allowed, this type of deduction will have everyone trying to claim it, and without good documentation. It will never happen.

Ive heard that i can get a loan or funding with my business tax id is it true? where can i get information?

"Ive heard that i can get a loan or funding with my business tax id is it true"

No, you don't get a loan with your business tax ID. Your business, if it is a separate entity, might be able to secure a loan. Just like a person, the business credit history will be reviewed. In the case of a small business, your credit history might also be pulled and you might have to personally guarantee the debt, regardless of how long your business has been in existence.

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My name is Petty Ken. I am from United State of American, for the past 5years now I have been experiencing breakdown in my furniture’s business that was down by bank and montages, Not until I came across this Man called, Mr. Michael Lancer Loan Firm on the internet who grant me a loan $150,000 3days back to start up my business again with just 3% my business came back alive, I am doing very perfect in my business. Please I want you all to help thank this God Fearing man with sympathy mind. You can contact him via this email address below:
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My name is Petty Ken. I am from United State of American, for the past 5years now I have been experiencing breakdown in my furniture’s business that was down by bank and montages, Not until I came across this Man called, Mr. Michael Lancer Loan Firm on the internet who grant me a loan $150,000 3days back to start up my business again with just 3% my business came back alive, I am doing very perfect in my business. Please I want you all to help thank this God Fearing man with sympathy mind. You can contact him via this email address below:
micheallancerloanfirm@ymail.com, micheallancerloanfirm@hotmail.com

Only your local bank can answer this question.

If the business is brand new (less than 3 years in business), the bank will want you to personally guarantee the loans.

Contact your local financial institution.

I am curious of exactly what our taxes pay for and the percentages that each go towards.

There is a pie chart in the back of each years 1040 book.

Maybe this will help:
http://www.whitehouse.gov/omb/budget/

can i get a extention in arizonia

I believe UI benefits have been extended to one year.

Don't forget that your benefits are paid out in 13-week increments -- when the first 13 weeks are over, you are very likely to get a reduced check of the remaining money in that quarter -- and they WILL NOT warn you about that, so be prepared, it really sucks when you are not expecting that. Report Abuse

call your state's unemployment office for those details

counted as income and will it effect the amount I receive from IDES as compensation

Unemployment only counts income from employment (not benefits) when considering claims. You will receive benefits based on a percentage of the income of the job you lost, regardless of other income you may receive. Go to the Department of Labor for Illinois and look over the section on Unemployment Benefits for more detail on benefits calculations.

Dear Larry: Lot going on here!

IDES has a great website and you can call toll free at 800-244-5631.
The website also has some FAQ's as well as many related topics for your situation.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent

I don't understand. Here is the information from the IRS web site:

"Q7. How will the American opportunity tax credit affect my income tax return?

A. You will be able to reduce your tax liability one dollar for each dollar of credit for which you're eligible. If the amount of the American opportunity tax credit for which you're eligible is more than your tax liability, the amount of the credit that is more than your tax liability is refundable to you, up to a maximum refund of 40 percent of the amount of the credit for which you’re eligible."

That is confusing! Let's say I have $1900 of income tax withheld and I make $22000 this year. I spent $3000 on college tuition and books. How much will I get back?

Without knowing what your tax liability would be it's not possible to say for sure. You have not provided anywhere near enough information to guesstimate your tax liability. Your tax liability on $20k could vary from as little as $0 to as much as about $1,754 depending upon your filing status and dependency status. The amount of any tax withheld from your pay is irrelevant to the credit.

The maximum credit is $2,500, of which up to $1,000 can be refundable. If your tax liability was $0 the credit would be worth $1,000. If your tax liability was $1,754 you'd get the full $2,500.

Boston is correct about the max credit in your case. I blew that one! TFTP. Report Abuse

Actually both above answers are off by a bit. The AOC is 100% of the first $2,000 in eligible expenses plus 25% of the next $2,000. So with $3,000 of eligible expenses the credit would max out at $2,250 if your tax liability was high enough.

From the IRS FAQ on the AOC at http://www.irs.gov/newsroom/article/0,,i… :

Q6. How is the American opportunity tax credit calculated?

A. Taxpayers will receive a tax credit based on 100 percent of the first $2,000 of tuition, fees and course materials paid during the taxable year, plus 25 percent of the next $2,000 of tuition, fees and course materials paid during the taxable year.

If your tuition is $3000, you will NOT get a $2500 credit. It would be $2000.

So, if income is $22000.
$22000 with standard deduction, no kids, just you is tax of $1480, which this credit could cover.

However, if you are under 24, you will not get a refund over and above that. If you are 25 and older, potentially upto $800 is refundable.

A credit is a dollar-for-dollar reduction in your tax liability.

A deduction reduces the amount of income that is subject to tax. The tax benefit is the amount of the deduction multiplied by your marginal tax rate.

For example, if your tax liability is $2,000 and you qualify for a $1,000 tax credit, your tax liability is reduced to $1,000. If you qualify for a $1,000 tax deduction and are in the 25% marginal bracket, your tax savings would be $250.

I live in Knox County in Tennessee and I'm applying for a job. I'm a woman (Excuse the male thing, I'm on my friend's account since I have no yahoo), I am single, and I have no dependents. The job will pay approximately $40/day and it will exempt me from civil service status even though it's considered a job for the city. That's all I really know about the job itself since I only have the application as reference.

about 85% of your gross

Profit after tax was $84000.
This was found by decreasing the original value (profit before tax) at a tax rate of 30%.

Can someone please help me find this value =)

Divide 84000 by .70 which will give you $120000.

You can check you answer by deducting 30% of $120000 which will give you $84000

When you get questions like that, all you need to do is deduct the % (ie 30%) from 100% ( or 1) and divide the after tax profit by the answer - in this case 70% .

The previous post is correct. The following is the basic formula.

Profit After Tax = Profit Before Tax * (1-Tax Rate)

The following formula is derived by dividing both sides by (1-Tax Rate).

Profit Before Tax = Profit After Tax / (1-Tax Rate)

I have been working for my boss since the beginning of Jan 2009 to present. He is not taking out taxes out of my checks. I get a regular check from him every 2 weeks. I am working from home in another state. He is located in FL.
I work M-F from 8am-4pm full-time.
Since no taxes are being taken out, if I am going to need to file taxes as "self-employed", what receipts do I need to keep?
Also, should I go back to H&R Block or should I get an Accountant to help me?

Oh, right, you work MF, 8-4, full time just for him. You are NOT self-employed.

If you want to fight this, file a form ss-8 with the irs and if approved filed a 1040 with a form 8919. You still pay your taxes and your half of the SE tax. Any expenses go on schedule A, where you probably can't deduct anything.

If you don't fight him and let him get away with this, you file a 1040 with a schedule C, schedule SE and pay all of the taxes, including his 7.65%.

As far as receipts go, you won't have much. Long distance phone bills, but not the phone itself. If you are on an unlimited plan, nothing.

Since this is the first time you have filed that way, get an accountant. The accountant's fee is a tax deduction.
Keep receipts for everything doing with your work. This includes phone, internet, medical, gas, car maintenance etc. You can go to the IRS website and download a pdf called taxes for small business, it has a list of all the deductions.
An accountant will be up to date on all of them as it changes often.

He is going to have to provide you with a 1099 on the money he has paid you. That goes to the government. You will need receipts for your health insurance which is deductible, receipts for your computer, telephone, internet access, office expenses. Do you use your car as part of your work? Mileage log. Might also be able to deduct for office space in your home. Do you have a SEP IRA account? You can protect a considerable bit of your earnings if you do. Not to late to set one up.

An accountant might well be worth your money since you do not know a great deal about the ramifications of self employment and how to minimize your taxes.

I just started doing this. I have to rent the cab, and they tell me I'm an independent contractor. Is keeping a record of rent fees, tips, and fares enough?
Thank you.

You need to keep accurate records of everything. Rent, fuel, oil, tolls, fares, etc. (you don't need to state tips separately though you can if you wish to).

Pay the rent by check if possible. If not, get a cash receipt for ALL rent payments! Deposit the day's takings in the bank and reconcile your waybill to the deposit slip. Use a credit card for fuel purchases if possible, or get cash receipts. You can keep a journal for minor expenses such as tolls and parking fees as long as they are less than $25 each. Anything $25 or more will require a receipt though.

You're welcome. TFTP. Report Abuse

My husband works in one town, where the local tax rate is 2%, and we live where the tax rate is only 1%. i know for filing, that it goes by where you live, and we are always waiting on a big chunk of money that we usually don't get back until June/July (and we file in February). His employer says they have to take out the rate according to the town he works in...so they won't change it from 2% to 1%. But his employer has been wrong many times bafore about many things. Does anyone know the law on this?

The easiest thing to do is to call both of the townships (where he works and where you live) involved and ask them directly. Start with your own local township and attempt to enlist their aid in what to do/say to have it changed to your local jurisdiction.

PA is weird in that the law is different based on the locality you are in. Your employer may be correct, and you just have to pay in your locality and file for a refund from the other. Call the localities directly. If you are nice to them and ask politely for assistance, they may be able to give you the help and advice that you need.

If that does not work, go talk to a good accounting firm and ask them for their advice.

Good luck!

more than likely since this is a local, city tax, it probably does depend on the city the employer is in

Well, you shouldn't file your taxes until you have all your W-2 forms. You should know how many jobs you had in 2008, so if you didn't get that may W-2s you should have held off.

Now, you can do an amended tax return for 2008 that includes the new W-2 information. It is also possible that the IRS will use the W-2 info it has (all of them) to correct your tax return for you and either send you the correct refund amount, or charge you if you owe a balance.

Filing without all your W2's is called "fraudulent tax return". You are required to file a true tax return, meaning you must wait for all your W2 and Form 1099's (INT) before you file a tax return. View the tax return, the section where you have to sign, you are signing that it is a true and accurate return.
If you feel you must file a fraudulent tax return , then once all information is received go back and file an amended tax return Form 1040X
Good luck on your decision.

You need to file an amended 2008 return showing ALL of your income for the year.

This year has been extraordinarily difficult and I've had to use the money that I was setting aside for property taxes which are due in Jan and Feb. They give you till the end of Feb to pay without penalties. Credit cards and title loans aren't an option, those have already been tapped this year as has the Roth which was depleted anyways because of previous problems years ago. About the best I could hope for would be to borrow against my 403b but again due to serious problems a few years ago (including being told I would be dead within two to five years by Doctors), I never amassed anything significant there and actually nearly lost track of having it. It would only be enough for maybe half of the property taxes. There isn't any equity in the home that can be drawn on, I've only had it for a year and aside from antique computers, I have nothing to sell. There's a benefits retirement program but because I had a backup job that reactivated the program when I lost my job in April, I can't touch that money at all unless I quit my job. Also that money may have gone into the State lost funds thing because I lost track of a lot when I was really sick a few years ago. So now with maybe four months max to save up for property taxes, which means it isn't going to happen, what's going to happen when I can't pay the full bill by the end of Feb? Should I file for forebearance from the mortgage company? The Obama MHA would require an escrow for the taxes to be established, if I can't save up enough for that by the end of Feb, how could I establish an escrow for that amount? Should I let bills go into arrears to save up for the taxes? Should I just declare chapter 13 bankruptcy?

Bankruptcy is not the answer.
An escrow would be a good idea, and be established through your lender. Your monthly payment would rise as it would include money for real estate taxes. It doesn't quite solve the Jan/Feb tax issue.
TALK to lender, see if you can get loan modification, MHA forbearance, something. Be persistent, keep calling, and talk to more than one person.
Pay something on taxes, as that delays them being declared delinquent in most jurisdictions.