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Subject Author Date
which forms should I use and what should I look out for lbrtchx 01-21-2008
Posted by lbrtchx on January 21, 2008, 5:31 pm
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 Hi,
~
I am a teacher who:
~
* lived and worked in NYC the whole year 2007
* made around 35K from a single source of income
* married in May
* have my teenage, high school attending son as dependent since May
too (he came from overseas)
* kept my apartment
~
I guess I will be filing as "married filing separate"
~
Which forms should I use?
~
What should I look out for?
~
Thanks
lbrtchx

--
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<< >>
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Posted by removeps-groups@yahoo.com on January 21, 2008, 8:37 pm
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 On Jan 21, 2:31 pm, lbrt...@gmail.com wrote:

>  * lived and worked in NYC the whole year 2007
>  * made around 35K from a single source of income
>  * married in May
>  * have my teenage, high school attending son as dependent since May
> too (he came from overseas)
>  * kept my apartment
> ~
>  I guess I will be filing as "married filing separate"

Why? Usually, married filing jointly is better because of the tax
rates and the fact that you have more credits and so on.

>  Which forms should I use?

Seems like 1040EZ, NY state, NY city. But to be sure you need to know
about your wife's income, interest income, fancy things like IRA
deductions, residential energy credits, etc, etc.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Herb Smith on January 21, 2008, 9:34 pm
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On Jan 21, 5:37�pm, "removeps-gro...@yahoo.com" <removeps-
gro...@yahoo.com> wrote:

> > �Which forms should I use?
>
> Seems like 1040EZ, NY state, NY city. �But to be sure you need to know
> about your wife's income, interest income, fancy things like IRA
> deductions, residential energy credits, etc, etc.

Form 1040EZ cannot be used if you have dependent children. 1040A or
1040 would be more appropriate.


> << ------------------------------------------------------- >>
> << The foregoing was not intended or written to be used, � >>
> << nor can it used, for the purpose of avoiding penalties �>>
> << that may be imposed upon the taxpayer. � � � � � � � � �>>
> << � � � � � � � � � � � � � � � � � � �
� � � � � � � � � >>
> << � The Charter and the Guidelines for submitting posts � >>
> << �to this newsgroup as well as our anti-spamming policy �>>
> << � � � � � � � � �are atwww.asktax.org. � � � �
� � � � >>
> << � � � � Copyright (2007) - All rights reserved. � � � � >>
> << ------------------------------------------------------- >>

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Phil Marti on January 21, 2008, 9:13 pm
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> I am a teacher who:
> ~
> * lived and worked in NYC the whole year 2007
> * made around 35K from a single source of income
> * married in May
> * have my teenage, high school attending son as dependent since May
> too (he came from overseas)
> * kept my apartment
> ~
> I guess I will be filing as "married filing separate"
> ~
> Which forms should I use?
> ~
> What should I look out for?

You should be looking for a good tax preparer for your 2007 return. This is
not a slam, but the irrelevant facts you include, the pertinent facts you
omit, and your "guess" about filing status all indicate to me that you're in
over your head.

If you want to pursue this on your own, get a copy of IRS Publication 17,
make a pot of coffee, and start reading.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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