Tax Questions

tax questions...?
several questions on tax: 1. what is the california income tax? 2. does Nevada have an income tax? if so what is it?...

Wayne Z:1) California's income tax rate ranges from 1% to 9.3% depending on income. 2) No... More...

Tax questions?
I do have a few random tax questions. I did try to look through the IRS website, but since english is not my first language, it's a tiny bit hard to understand. If a married parent that lives in a different state than her husband does not make any money, is she still allowed to file for income tax? If an 18 year old child doesnt make any money but does have savings accounts, is she allowed to file for income tax?...

Richard M:It doesn't matter what state the husband and wife live in, you are still eligible to file as married filing jointly. You MUST file if you meet certain income thresholds.... More...

Tax Questions?
Hello, I am preparing my taxes using Turbo Tax, and my question is relating to a 1098 form that I received from my daughters college. She is a full time student and had Hope Scholarship till the end of 2007. Last year I claimed life long credit. -What needs to be done in block 2 and 5? Also how would I show it on my return? The only thing I payed for is books and other misc. items. Thanks...

Cate:Ask the box................. (love that commercial!!) I don't have a clue. I know that tuition is deductible, but be sure and deduct her scholarship from the total amount.... More...

TAX Questions?
I need to find a list online that will help me figure out my taxes for 2007 and refile my state from 2006,a chart possibly that will help me figure out what I will be getting back based on my income. Do i need to make the maximum income guidelines to get the maximum EIC back?And if so what is that if Im filing single,head of household and self employed? I donated a lot 2 charity last year,how does that help me on what I owe and have to pay back in for last year being that I am self-employed? I...

notaperviemusculargent:Hi. OK. First, you asked about a chart. You have to actually do the math first before you can look at the tax table to see what your income tax liability is. Second, something must have happened that you feel you need to reFile your State. You would fill out a 1040X. Third, for the earned in... More...

tax questions about products purchased in USA?
I'm planning buying a laptop from IBM website and I have some questions about the tax. 1)Can I claim tax back at the airport? If can what do I need? 2) I heard about that I have to pay tax for this laptop at the airport when travelling back to Ireland, it is this true? thanks in advance....

efflandt:We don't have VAT. State sales tax is paid where you buy something (where you take delivery) and is not refundable, even if you live in another state or country. Whether you have to pay tax on it upon return to your home country is up to their rules.... More...

Tax questions for Green Card holder?
I'm planning to apply for a Green Card (EB-5), but I have two question about this. 1. If I stay on my country most of the time, do I need to pay US tax for my earnings? (My earning is from the Internet by Google AdSense and other US based companies.) 2. What's the minimum days I have to stay in the US every year to maintain my Green Card status?...

imisidro:In answer to your questions: 1 - It will depend on what address you gave to Google Adsense when you applied. If it is outside of US, and the payment are sent to outside of US, then you will not have to pay for the taxes. If you registered with Adsense a US address, then Google Adsense will send you... More...

Tax questions about living in oregon and working in washington?
I am moving to Portland Oregon and will be working in Vancover Washington as a massage therapist. What is the deal with paying income tax to Oregon if I am working in Washington? How do I go about it? Do I have to withhold my own taxes?...

nightlisa2:IT depends on who does your payroll. When I lived in Portland and worked at the Fred Meyer store in Vancouver, the payroll department automatically took out Oregon taxes based on my address listed with the payroll department. I still had to file with Oregon State at the end of the year as normal,... More...

Financial/Tax questions with starting my own youth baseball team?
I am starting my own little league baseball team. When recieveing donations/sponsorship do I have to give a reciept or something for their tax write off? Dose their contribution qualify for a write off? Do I have to file with the IRS or anything? This only for 1 team and we are looking to get a total of $2000.00 to start. Any help would be appreciated. We are in Ohio if that matters....

es:You need to incorporate as a nonprofit to do it right. Talk to an accountant or try www.legalzoom.com for the forms, which they sell online. It will take some work, because then you will have to keep reporting to the government. It's asier to coach little league! ****************PS*****************... More...

Tax questions about over the road truck driving?
How does the tax credit work for the number of days spent on the road? Can a cell phone line be written off if used by the truck driver for work related calls, if so is it the whole monthly fee or only minutes used? Thanks for any info....

j-man:That sounds like the per diem. That is not a tax credit, but a write off. The IRS gives you a set dollar amount that can be written off every day to cover food and lodging while on the road. You would need to fill out the 2106 form and a Schedule A to take advantage of this. $60 per day can be d... More...

On tax questions, why are there so many thumbs-down on correct answers?
I guess it is everyones' right to rate! (Thank Goodness) Regarding taxes, it is imperative that people get good advice. I am a member of NATP, and in good standing with the IRS and have been doing taxes for over 20 years. It is alarming that there is soooo much bad tax advice out there and people putting down good tax advice.????...

Rob:who knows why they rate like they do. I work for the IRS and had someone report one of my answers as abuse. And it had been selected best answer. so go figure. I haven't bothered rating, people are going to choose what they want anyway. One answerer stated child support was deductible and it was cho... More...

Can somebody help me with some tax questions?
I did my taxes with "the box" last year but I am still confused. I am a full time student and I quit my job October 2007. I received my w2 form from the State of Maryland but I am assuming my w2 from my employer will come soon? Will I need my tax information from last year?...

MoB:Are you going to do your taxes again this year with the "box" ? Then it will transfer your information onto the new disk. Also, it's always a good idea to have a copy of last year's tax return when you do this year's, just to make sure that you didn't miss something that you claimed last year that y... More...

Where do I go to find best answers to tax questions?
I am trying to find out if I qualify for certain tax deductions....

TaxEsq:You can check the web, including my site www.taxesq.com. There are also a vaiety of annual books for non-professionals such as Lasser's. CCH offers the Master Tax Guide which is a nice reference source. I hope this helps! Ronald J. Cappuccio, J.D., LL.N. (Tax) Counsellor at Law... More...

Can anyone explain to me federal tax questions such as this one?
Jane bought a frame for her sister who is going away to college. It is marked $4.95. She must pay two taxes on the frame: the state sales tax is 10% and the luxury tax is 2%, what is the total cost of the frame?...

t-rexs:4.95 x10% = .49 4.95 x .02% = .09 4.95 + .49 + .09 = 5.53 5.53 is the total cost fifth grade math - are you smarter than a fifth grader??... More...

Tax questions for accountants or anyone who will know?
In 2004, my husband and I didn't file one W2, and his unemployment that he was on for a few months. Dont ask why, I dont know. Anyway, we got a letter from the IRS stating we owed 1800.00. I went to Jackson Hewitt today (that's who did our taxes back in 2004) and had them look over everything. They put everything in, and it came out that we were owed an additional 850.00. Now my question is, are we actually going to get this money back, or does this get deducted from the supposed 1800.00 w...

zudmelrose:All the IRS has to go off of is what was reported to them; W-2s and 1099s. If your tax guy took that info, factored in your deductions, then the refund amount is the correct answer. Strongly recommend someone answer the IRS' letter. Since I do not know what they wrote I can not suggest the respon... More...

Personal Income and S Corporation Tax Questions: Florida S Corporation but live in California?
I have a real estate business in Florida under S Corporation. I live in California and work full time for a major corporation and earn wages income in California. My questions are: 1. Will I be able to write off my losses (if I lose money) on my CA state and federal taxes? 2. Do I have to file an S Corporation even thought I am not doing any business in California? Thank you, Tom...

tma:You should be able to deduct up to $25,000 in losses from rental activities, as long as you actively participated. Im not sure about CA filing requirements for a foreign S Corp.... More...

Tax questions for a freelance writer living in a non-US country?
My website is hosted in the US, and it basically tells about my freelance writing services. My clients come from various countries across the world. However, I do not live in the US. What are the tax implications? I am aware that I need to consult with my local tax bodies at home, but what taxes are due to the US if any?...

Jss:If you are not a U.S. citizen or resident and work from a foreign country and do not get payment in bank account in the U.S., then your income is not taxable in the U.S. Only hosting service does not make your income taxable in the U.S. However, if you your own servers in the U.S., then it may be ta... More...

tax questions at job orientation session?
I've just been offered a new job and I completed the orientation session today. During the session I had to give answers to automated questions on a phoneline. The questions were to do with tax benefits I think. It asked me things like: "Do you have a highschool diploma?" and "Are you a veteran from the armed forces?". What I want to know is do my answers to these questions make any difference to the taxes that I will be charged during my new job?...

Jay:Those two questions have nothing to do with taxes. The kinds of questions that affect taxes are: how many dependents do you have? How much do you want to withhold? How do you file (single, married, etc.)? These are to be asked via a W-4 form. The phone is not the appropriate place to ask such q... More...

Tax questions on trading options in my IRA?
If I trade options in my account and I make a substantial amount in one day and sell what are the tax implications. Do I just get tax as if I were trading stocks?...

Judy:Anything done within an IRA is tax deferred until you take the money out, then the withdrawal is taxed as ordinary income for a traditional IRA, not taxed for a Roth... More...

Can anyone help me with tax questions?
Could any income from my 2005 return have been deferred to this year? If so, how much tax could have been saved? My income was 35,000 Could Ihave reduced taxes on dividend income by moving part of my investments to tax-free municipal bonds? If so, how much tax could you have saved? I do not know what dividend income is. How do I calculate the tax you would have saved by giving $1000 to each child for a custodial account for a college education per year. The only quesetion I still need help wi...

Edward Hyde:Depending upon variables like being single or married, dependents, and tax deductions, the answer would vary. But in any event the chances are you are in a tax bracket where the tax rate on dividends will be five per cent in 2007 and zero in 2008 through 2010 unless extended. Thus assume that you ... More...

How much should be taken out for taxes (and other basic tax questions)?
I have no dependents, only myself. I'm at a point now where I'm pretty much forced to claim myself throughout the year (as opposed to 0, then 1 at tax time). So I'm trying to figure out what percent the government is supposed to take out for my taxes. I live in TN, so I don't have a state tax. I'd like to know the percentage for Fed Tax, FICA, and Medicare. Also, I just switched to a lower-paying job. At my old job (which I still have PT), they took out "Fed Tax," "FICA," and "Medicare" (aside ...

tuneupplus@sbcglobal.net:HEY- USE THIS TO GET TO THE IRS WEBSITE PUBLICATION 15-A. DOWNLOAD IT- IT HAS ALL THE WITHHOLDING CHARTS YOU NEED AND EXPLAINS WHAT YOU NEED TO KNOW. -----STEVE http://www.irs.gov/pub/irs-pdf/p15a.pdf... More...

Do you think the Feds and the IRS private banks have people online to counter Federal tax law questions?
Every time anyone questions the Federal Income Tax law there is an instant slew of responses and attacks. The answers just seems to immediate and filled with that typical tax jargin like "Article 26" and the "16th Amendment was ratified" but they never just show us the law. Then you get that "Just quit paying and see what happens" crap They can't show the law, but they sure like to throw around prison comments and stuff like "you just wait and see" It really is quite disturbing It is just t...

gray shadow:The assertions that there is no law is just nonsense spread by the the quixiotic and delusional "tax law deniers" fringe group. The "instant slew" is because we care. As part of the Y! community, we are saddened when people fall for this crap. But we see the posting of the questions and rebuttals a... More...

Income tax questions: Do I fill out a 1040 schedule D if I sold stock at a profit of less than $700?
Do I fill out an income tax 1040 schedule D form if I sold stock at a profit of less than $700? I'm hearing different answers from a few different people. Someone said that I would only use schedule D if my gain was over $1500. Anyone know the answer? Thanks!...

The Shadow:You use Schedule D to report all sales of capital assets, including stocks and bonds, but (usually) excluding your main home. Stock profits are not tax free just because they are under $1,500. You can verify the requirements by reading the instructions to Schedule D or the instructions for line 13 ... More...

TAX QUESTIONS If my company pays for mileage driven can I still write off the mileage on my taxes?
Im a sales person who drives many miles. My company pays the current mileage rate, can i still write this off on my taxes? What are the benefits of using a long form opposed to a 1040EZ. Can you still write off a space in your home used for business? THANK YOU!...

Bostonian In MO:Depends. Most companies that reimburse for expenses do so using an Accountable Plan. Under an Accountable Plan, you submit receipts and logs for reimbursement and are reimbursed for your costs, including mileage at the Federal reimbursement rate. With an Accountable Plan, your reimbursements are ... More...

Can someone help me with these tax questions?
1.Which category of the Federal income is lower than the outlay for the same category? 2.What might this mean in terms of the financial health of the nation? (please help if you know the answer. i can't find nothing on google.)thanks....

Bostonian In MO:Your question is not clear, but I'll take a stab at it. 1. Social Security is projected to take in less than it lays out in benefits as the Baby Boomer Generation starts retiring and collecting Social Security from a smaller workforce. While Boomers were working their SS taxes supported a small... More...

TaxForum.us pays up to $5 for people to answer tax questions?
I have just found this job post at the craigslist http://sfbay.craigslist.org/sfc/acc/547436860.html Has anyone worked with www.TaxForum.us? Do they really pay up to $5 to people for one answer to the tax question?...

blizebliz:send me $5 and I'll give you the answer... More...

Online Store Based in Ontario PST and Gst tax Questions?
Hey I am planning on opening a online store based out of ontario canada. My question is do I have to charge Ontario taxes on my stuff or taxes on where the customer lives ? Any help would be great with this. Thanks in advance...

cdntaxman:If the customer is in Ontario you need to charge GST and PST. If they live outside of Ontario but within Canada only GST. If they live outside the country neither.... More...

California tax questions for single low income?
I am single, only have less than $20,000 in wages tips and other income. I need to file California and Federal taxes. Which forms do I use, were do I find this information online, are there any really actually FREE sites to file both?...

Britt M.:Turbo Tax helps and federal may still be free. When I did both of mine before federal was free it cost me less than $20 to do both on turbo tax... More...

3 Tax Questions : Lease Refund, Car Insurance premium and Donations:?
1- I turned my leased car in and received a refund, do I need to show it on my taxes when I file, and in which section? 2- Can you claim car insurance premiums? ( I couldnt find anything addressing that on tax slayer) 3- I made a donation to salvation army - about 15 bags of clothes and shoes - they gave me a receipt but they did not itemize -or specify a dollar amount, How should I claim it ? Thanks...

Wayne Z:1 - No 2 - No 3 - You determine the value. Donations go on Schedule A (Itemized Deductions). If you go over $500, there are more forms to fill out (Form 8283 ?????). Two things to keep in mind. One, used clothing is worth much less than you think and can only deduct its value, not its original c... More...

Tax questions for buying and selling a home?
If you buy and sell a home in the same tax year do you know what form you will have to fill out? Also does the mortgage company send you any tax paperwork. I know nothing about taxes on homes and what to do. Any advice on what forms or online forms to use would be great. Thanks...

hrblock.laura:If you sell a home you are generally able to exclude gains of up to $250,000 or $500,000 if married filing jointly. You must have to have owned the home for at least 2 years and lived in the home as your main home for at least 2 years. Check out the link below to IRS Pub 17, page 107. There is n... More...

Tax questions, how to file do I need to file?
I am 22 years old, have been living at school for the past two years or so and my parents are not claiming me for taxes this year, because I have been living on my own. I support myself through work-study and student loans. I need to file taxes so that I can file FAFSA, but don't have any income besides the work-study. What should I do about filing?...

Richard M:Since your adjusted gross income was $54,000 or less in 2007, you can use Free File to prepare and e-file your taxes online. Go to the IRS website and click on "Use Free File to Prepare Your Taxes".... More...

I want to open an online store and I have tax questions.?
I am wanting to open an online store with a certain home made craft and I wanted to know, what information do I need as far as taxes? Do I have to file only if I make a certain income? I live in California if that makes any difference to the answer....

Wayne H:CA specific issues: CA State Board Of Equalization Resale license ( Sales Tax) annual filer CA Franchise Tax Board State Income tax Issues Does not always follow Federal rules. Local City May require a business license for home business. (LA audits income tax returns... More...

Tax questions about going from two member LLC to single member LLC?
I am buying out my partner (the other member of our LLC) three months into this year. We have employees so I would like to keep the same EIN - is this ok? Do I prepare form 1065 for the three months and then do Schedule C for nine months? If there is a problem with either of these issues, can I solve it by adding a very minority stake member (say 1%) at the same time the original member exits and just continue business as usual?...

Confused Republican:You can keep the same EIN. Your bigger problem is that the partnership will terminate on the day you take over the former partner's interest, resulting in an immediate end to the partnership taxable year and a requirement to file a return within 4 months and 15 days after that. The rule in the t... More...

Looking for answers to a tax questions. I have custody of two grandkids, wondering about deducting expenses?
CPS took my grandchildren from my daughter, now I have legal custody. When I took the kids into my home, CPS asked if I needed any changes made to my house because of the kids. I thought it was temorary so I said no. That was almost 5 years ago. One child is a boy, one is a girl, my home is two bedroom. I needed to seperate the kid bedroom. I am now out of a lot of money and wondering if there is some way of deducting these expenses on my taxes....

WealthBuilder:No. This is the cost of raising a family. You are likley to be able to claim the children as dependents, and you would be eligible for the Earned Income Credit and the Child Tax Credits if your income is in the allowable ranges. Enrolled Agent... More...

Tax Questions -- Is it true that I will get more money from my job because of a change in my tax deductions?
I want to join a home based business like Amway or something. Is it true that I will get more money from my job because of a change in my tax deductions? If this is true - what information will i need to give my job.(HR)...

Judy:For employees, withholding tables will be adjusted to give a little more money in each paycheck. People's wages don't change, just the withholding for federal income tax. For jobs like Amway, people are normally contractors and don't have taxes withheld from their paychecks. But if you do work in... More...

Who do I go to for tax questions regarding my refund amount?
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PepsiLime:Are you talking federal or state refund? If your refund is different than what you thought it should be, you should have possibly received a notice regarding the refund stating that it was changed. If you want to know when you'll get it, you can go on-line for the federal refund, and go to www.irs.g... More...

I need help with sale of home, marriage & tax questions. Can you help?
I bought a home in 2000 and married in June of 2006 and moved in with my husband. Sold my home in July 06. My husband is in government service. He got a job, moved and bought his home in 2005. Right after we married, he was promoted and asked to move again, 800 miles away. So we sold his home in 8/06 and purchased another in 10/06 at the new location. Is the profit from sale of homes taxable? Even if move was at request if govt.? Thanks, Stephenie!...

jseah114:Hold on a second....Stephanie has it partially right. For your home, if you purchased it in 2000 and sold it in July 2006, and lived in it from 2006 to June 2006, you can exclude $250,000 of gain on the sale. Since the home is only in your name, you only get to exclude the single/separate amount r... More...

Couple of questions regarding tax stimulus checks?
I heard that the IRS is issuing tax bonus checks of upto $600 to the tax filers this year - I would like to know when will IRS intimate me whether I am receiving the check or not, and if yes then when will I recieve the check? Other question is that if I receive 600 dollars alongwith this years returns, will that mean the IRS will deduct 600 dollars from my next years tax returns? Or is the 600 purely a bonus, which won't be deducted at any point of time?...

tickled blue:You won't be 'registered' until after you file your taxes. An individual receives 600, but it is double that if married and even more with children. It will be distributed based on when/how you filed your taxes and your SSN......but sometime around the end of may-first of July.... More...

IRA Distribution for 1st home Tax Questions?
I pulled 15K+ out of my IRA for a down payment on a home. The account was in my name only. Can I claim all $15K as penalty free saying the 10K was for me and the remainder for my wife even though my wife's name was not on the IRA account?...

the tax lady:Nope. If she'd had money in an IRA of her own, you could have pulled up to $10K out of it penalty free. But the limit PER IRA is $10K.... More...

2 UK tax questions - Can a married couple file taxes jointly? Do you have to pay NI on Bonus as well?
I am a high tax - 40%payer whereas my husband is in the low bracket - is it possible to file for combined income to pay lower taxes? In my bonus check there was a NI deduction as well - someone suggested that was a mistake - Can any expert confirm please?...

SCARAB:As the previous answers have suggested, a married couple cannot fiel a joint tax return and there is no transfer of allowances between married couples. The only thing you can do is if you have any unearned income, such as savings accounts etc, you could transfer them to your husband so that they ar... More...

I need tax advice, couple questions. How do I get professional tax advice?
I don't need them to do my taxes. I just have questions. Who do I ask? Do I pay them money? Calling the IRS is a good idea. Talking with an accountant is good too, but wouldn't it be werid to go all the way down to H&R block to ask a couple questions and then pay them? I wish it was like over the phone and we can be charged by the min or something...

tro:you can get a publication 17 from www.irs.gov which will give you about any occasions you might encounter with taxes for personal, the business one is publication 34 and available for free you certainly can ask here, there are several professionals here that are willing to answer(or they wouldn't be... More...

Can I get a tax refund in japan and other tax questions?
I'm in japan on a 1 year working visa, but am leaving after being here for 6 months. I'm enrolled in nhi and I have one dependent. Other than the income tax, I've read that I am not liable for the city or municipal taxes since i havent been here for a year yet. Is this true? Am I eligible for a return on the income taxes I have paid, I am a us citizen so there is a tax treaty in place. If I am elgible, what do I have to do to get the return? Also, do i need to have any tax information when ...

post2dennis:Well I'm not a tax person but I think I can help a little. For US citizens you need to pay income taxes in the US if you made more than $60,000. Less than that you have to pay Japanese taxes. If you don't they can do many nasty things like pull your visa or even put you in Jail. I'm not 100 perc... More...

Tax Questions - number taxpayers, tax distribution, etc...?
I'm looking for a bunch of tax statistics - if you have the answer, please provide the source of the data as well (the more recent the data, the better): How many taxpayers are there? (# of taxpayers, not the number of tax returns filed) What percentage of the entire federal budget is funded by individual taxpayers through federal taxes, etc? On average, what amount of an individual's taxes is designated towards Social Security? Medicare? Also, somewhat unrelated - in the federal budget, the...

DJ:look at www.irs.gov or the US treasury department.... More...

where can I find answers to indivusal tax questions?
my 19 yr old dependent started working last august can I still claim him for the whole year and can should he file a return for the year...

ninasgramma:If the 19-year old is not a full-time student and earned more than $3300 then you cannot claim him. If he is not a full-time student, earned less than $3300, did not support himself, and lived with you all year then you can claim him. If the 19 year old is a full-time student then you can claim hi... More...

I have a couple tax questions is anyone board and want to help me out that knows something about taxes?
am i liable for my husbands back taxes...

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This year i plan to start a small business as well as a rental property, I have a few tax questions?
concerning my rental. I wanted to charge $750.00 monthly minus certain utilities included amounting to $150.00. So I have a proffit of $600.00 each month. Can I offset this proffit with the monthly mortgage payment of $600.00 (P&I )or can I just claim mortgage interest, insurance costs and depreciate the buliding over 30 years. Can I exspense any repairs against the profit or do I have to depreciate them. Example a new roof might cost 5-7 thousand dollars. If I have to depreciate that over 30 ...

peachygurl86:When renting out real estate, these are the expenses you can take to offset your costs: Mortgage Interest, Insurances, Utilities, costs of finding tenants (advertising fees, credit checks etc), repairs,depreciation of the building and any furniture and fixtures you have placed in the home. You can ... More...

Tax questions related to covered call options?
1) I was assigned on covered call options. I understand that I should add the premium received for the option to the proceeds from the associated stock sale and report that on Schedule D as part of the sale price of the stock. Is that all that goes on Schedule D? Do I report the option itself anywhere? 2) Separately, I wrote covered call options that had less than 30 days until expiration and identified them as a straddle with the related stock. I later bought back the calls at a loss. Does...

zman492:When assigned you do not need to report the option anywhere. as long as the stock sale price includes the premium. When you wrote covered call options that had less than 30 days until expiration you created a straddle. If 1. you clearly identified the straddle on your records before the close of t... More...

income and tax questions wondering my monthly salary?
I live in oregon. If my salary is 30K per year before taxes, how much will I take home each month if I claim 0? How much will I take home if I claim 1?...

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I have a canadian income tax questions?
Does anyone know how many years you can go back to claim medical prescription costs for income tax in Canada. I have never claimed my out of pocket expenses on my taxes. I have health insurance which covers 80% but the 20% I pay out of pocket and I am only now finding out that those expenses could be claimed. How far back can I go?...

T E:You may file the medical claim if the payment is within 3 prior years from the earliest date of the notice of assessment to you, i.e., the normal reassessment period for an individual. Claiming beyond the 3 years requires you to have an excuse, i.e., circumstances beyond your control, for example, ... More...

Sample job interview questions for a tax position?
i'm on my third and final interview. someone told me that the questions will be all about the technical stuff for the position? Do you know any tax questions i can prepare for an answer.. tnx...

JQT:What kind of taxation? Corporate, partnership, estate, individual? What level is the position? Best wishes.... More...

W4 tax questions - what do I put here on this question? Or what does this mean?
I claim exemption from withholding for 2007, and I certify that I meet both of the following conditions for exemption: Last year I had a right to a refund of all Federal income tax withheld because I had no tax liability and This year I expect a refund of all Federal income tax witheld because I expect to have no tax liability. If you meet both conditions, write "Exempt" here...

Judy:If you are a dependent of your parents and will make under $5350 for the year - or if you aren't a dependent and will make under $8750 - and if you didn't pay any tax the previous year, then you can write exempt and they won't take out taxes. Otherwise do NOT claim exempt - you would probably end u... More...