Tax Questions
tax question?
Hey all!
one quickie for you guys....
I've just moved to the US in october and transferred my savings (under 10k) from my foreign bank to an account in the us. I will start my job and having an income in the US in jan 2007. My question is, do I have to file any tax returns or other stuff in april 2007 regarding my savings transfer from bank to bank this year?
Thanks, happy holidays!!!!
Forgot to mention, that my savings account earns very little interest each month (about a dollar), do i pay ...
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Tax question?
Tax question?
My client donated a boat on August 1, 2003. He received an appraisal on the boat 1 week before for 395,000. After donating the property the charity sold the boat for 135,000 on August 8, 2003. IRS has disapproved the 395,000 and says the deduction can only be 135,000 and want 100,000 right away. Any help regarding this issue would be greatly appreciated....
Flyboy:The IRS has always maintained that the fair market value of property determines the value for gift purposes. You have a conflict of values here: The appraisal may be a bit high but the selling price is obviously quite a bit low - you can't sell a big boat in only seven days without drastically red... More...
Tax question?
Who technically gets to claim a child if both parents are split up??? My child lives with me and always has but for the past three or four years both me and her father have been claiming her. He always beat me to the punch and I guess he thinks that mean he gets to claim her...but since she lives with me and these last few years I have paid more for her according to our child support worksheet so, I also did. I ask this question because all this year (according to child support enforcement) h...
camys_daddy:The custodial parent gets to unless the divorce decree says otherwise.
I get to claim my daughter in the odd numbered tax years. So my ex get's to claim her this year, and I the next.... More...
4 California BASIC Tax Questions?
I have some questions for you in regards to California tax filing:
1. Can the california tax office pull up original filing forms (the sheets you use pencil/pen on) if you submitted them or are the original forms trashed after a tax person reviews them?
2. Can any of the tax office personelle look at your original filing forms any time they want? Is that legal? Who would and wouldn't be allowed to see you original tax forms in that office?
3. In California, do Californians file 2 tax forms ...
PrissyPanda:1. CA may have the capability to scan your original forms, but it's doubtful they keep them. Most taxing agencies input the returns into their computer system.
2. There are only certain people in the tax office who will have access to the return information. This is done for confidentiality and ... More...
Urgent! Income Tax questions?
Can you tell me how to answer these questions? Can you teach me how the number coming from? Thank you sooo much.
Jim(age 50) and Martha (age 49) are married with three dependent children. They file a joint return for 2005. Their income from salaries totals $140,000 and they received $10,000 in taxable interest, $5,000 in royalties and $3,000 of other ordinary income. Jim and Martha's deductions for adjusted gross income amount $7,500 in state income taxes and $4,500 in investment interest expen...
confused about the cpa exam:It seems like you're doing a homework problem- but either way, there is not enough info to answer all the questions.... More...
Tax Question on owning two homes.?
I currently am the sole owner of a property I bought back in 2001. I just purchased another home with another person. We are both on the mortgage and title of the new home. I had two questions concerning taxes and homestead exemption in the State of Florida. I still have both houses and was wondering when it comes to this years tax if she put the new house on her taxes and I put my old house on my taxes this would be ok? Also would she be able to file for homestead exemption on the new home...
Charlie:You'll want to check out IRS publication 523: Read it online at http://www.irs.gov/publications/p523/ar02.html. It defines all the terms you'll need to know, and spells out all the associated tax issues.
Taxes are important enough that you don't want to rely on some dude like me, though. I reco... More...
Tax Questions: re: 125 cafeteria plan / Health insurance plan?
Thank you for your answers in advance.
The employees have health ins. deducted from there gross
wages (before taxes are applied). When filing the 1020 Qrtrly
report it is showing my gross wages (less the health ins) instead
of showing the actual gross wages. My questions is when using
a 125 cafeteria plan, what taxes (ie: Medicare / S.S / UIA state &
federal) are not calculated?...
SuzeY:When you have a Sec 125 cafeteria plan, the insurance is deducted from your gross wage, then taxes. For example, let's say your gross pay is $1,000 a week (boy, wouldn't we all want that job?). You've agreed to have $100/week deducted through a Sec 125 cafeteria plan. Now, your taxable gross pay is ... 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...
3 state tax questions?
I moved from California to Maryland last year and started a new job right away in Delaware, while being a resident of MD. My question is how do I file the state tax returns. Do I file a state tax return for each state or is there a way to file for all 3 states using one state return. Not really sure how this would work....
James D:You pay taxes in the state in which you are employed, so it sounds like you will pay state taxes in California and Delaware (assuming there is a state tax there). For California, you would file as a part-year resident, and in Delaware as a non-resident. Since you earned no income in Maryland, you ... More...
I have a tax question?? please help?
I am a single mom who homeschools my son he recives ssi but i do not have to claim that but i was wondering sense i don't work how is that going to afeect me come tax time and sense i do homeschool him are there any tax breaks plus i was wondering if maybe if you know alot about taxes maybe you could e-mail me sometime and then let me run a few questions past you...
homeschoolmom:I can tell you from experience that there are NO FEDERAL tax breaks for homeschoolers (I wish!). Your state may do something (I'm not familiar with every state), but it's not likely.
You might get better answers by asking this question in the Business and Finance section, rather than the Education... More...
Tax question?
If I put in my W4 9 witholdings I pay low taxes. but If I do not cover my liable tax amount. I will owe at the end of the year, that I undestand. Now, say I have a mortage interest of more than my liable tax amount. Does it mean that I get a refund of the amount of my interest paid minus my liable tax. Or is it that I have to have paid taxes more than the decutions in order to get the deduction.hope someone understands and has a good answer thanks...
Judy:Mortgage interest is taken as an itemized deduction. You can either itemize, or take what's called a standard deduction, which is an amount the IRS gives you without having to prove anything. Standard deduction for last year for a married person where both spouses are under 65 was $10,000. If you... More...
Tax question...?
I am a medical transcriptionist working for a company at home as an independent contractor. They do not take taxes out of my check because of this. My "tax guy" told me not to worry about paying taxes quarterly because I am only making about $500 a month (part time job/full time mom) This is making me a little nervous. Any experts out there have any advice? This this something that I can pay when I file my taxes??...
world traveler:I you are making only $500 a month and this is your only source of income, you should be ok. That is only $6000 a year, and it will pretty much be eaten up by your standard deduction and exemption, not to mention the expenses in your business. Remember that you computer is deductable as a busienss e... More...
Tax Question?
Trying to work out what percentage of tax I am paying. If I am paid $52.00 for 4 hrs work, and end up with $43.53 after tax, how much tax am I paying? I know I paid $8.47 but what does that work out to as a percentage? How much percent am I paying per $1.00? Thanks for any help.
Also if you can tell me how on earth I work this out on a calculator for future reference that would be great. Not too flash on my math skills....
Beeswax:Well, all you do is take the amount of tax and divide it by the amount of your GROSS pay and times it by 100
($8.42/$52.00)*100
= 16.29%... More...
tax question?
i have been living in washington state for the past several years, I work as a merchant marine all over the world. Washington is good there is no state income tax. I am thinking of moving to maine, will i have to pay taxes on what Ive already earned this year while i wasnt a resident of maine? Doesnt seem fair if I do. I was thinking of getting a part time job while I am in maine, then shipping out again towards the end of the year. Will i have to pay taxes on the income from the job in mai...
Andy FF1,2,CrTr,4,5,6,7,8,9,10:If you move your primary residence to Maine during the year you will file a Partial Year Resident version of their tax form for the portion of the year you lived there... You will pay income tax on all income earned during that period of time...
If you do not change your primary residence to Maine... More...
Tax Question?
Currently, I am living in colorado working as a consultant, my employer says they don't have a tax id for state of colorado so he pays me based on New Hampshire address , When filing taxes, how would I pay colorado taxes....
ticktwo:First, get a new employer. Taxes are higher in NH. Your taxes are based on where you live. Seek a tax attorney to help with your returns.... More...
tax question?
Any one have an idea of what kind of tax return a E4 in the army who had been deployed for 6 months of the year over there.
any one have a idea what kind of tax return to expect for a E4 in the service who is filing married filling seperate. Who spent 6 moths of the year over there....
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tax question?
did not file a tax return lasy year.business went under.Made about 70K.After High cost of fuel and high cost of repairs.6,500 was all I had left over.Well now IRS has written to find out why I did not file.Need Tax advice....
K Soze:Sounds like you had a schedule C so you would be subject to self employment tax (15.3%) on your taxable net income. Now, it sounds like you had $6,500 of cash left. That does not necessarily mean you have $6,500 of net taxable income. It could be higher due to non-deductible expenses.
For argume... More...
Tax Question?
I babysit and did not plan on filing taxes for certain reasons. If the people I babysit for use my Social Security Number and file the childcare tax credit will my income be cross referenced and put into my IRS file automatically?
The reason that I was not going to file was that I did not claim the money for my childrens Medicaid all this year. I think I can get in trouble for that.
If I did not pay taxes on any of this money that I got wont I owe them money?
I do have 2 children and I am a s...
jen:Yes. Any money that is attached to your social and is turned into the IRS goes in your file. Go ahead and claim the money. Put it on a schedule c fill out the 8829 business use of your home. You can take meals, cable,electric,phone,and toys that you bought as long as the kids you watched were aloud ... More...
Tax question?
If I earn ?22991 for the fist 5 months of the financial year then I swith to ?16000 for the remainer of the year will i have paid too much tax?...
SL:You might well do.
Assuming you are an employee rather than self employed, make sure your pass your P45 from your old company to your new one. At the end of the financial year you will get a P60.
The P60 will show what you have earned and what tax you have paid - from this you can calculate yourse... More...
tax question?
if i am a single man earning $34000 per year living in adelaide south australia what can i expect to be taken in tax this week if i earned $650...
i2mdum:I've no idea but is that a lot in Australia
I won't date a man under 53K... More...
tax question?
Why would a taxpayer choose one depreciation method for financial statement preparation and a different depreciation method for income tax purposes?...
Judy:For financial statement purposes, to make the financial position look as strong as possible.
For tax purposes, to pay as little tax as possible.
Since different methods give different amounts, these two very rarely coincide.... More...
tax question?
can anyone tell me what % of your wage you pay in tax in south australia, if your a single male earning $40000/year...
dm_dragons:The first $21,601 will be $2,340 in taxes (or 10.8%).
The amount between $21,601 and $40,000 will be 30c for every dollar.
If my math is right, then the grand total is $7,859.70 in taxes on $40,000...or 19.6%.... More...
Tax question?
How possible is it for a father to be able to claim his daughter on his tax return every other year? I know that it is the decision of the judge in court but just curious to see if anyone has been though this. My husband and I currently pay child support, provide insurance for the child, and have her 2 overnights per week. Went to court yesterday and the mother's lawyer is saying that we have NO CHANCE. I know she is going to lie to us to scare us but...what are the chances we will be able to cl...
enchanted_1972:I am the custodian parent of 2 minor children. My ex tried to be able to claim the children as well. I was told by my lawyer and H&R BLock that the only way that he would be be able to legally claim the children is if the custodial parent signs over that right. I myself would have been willing to ... More...
tax question?
What types of tax-free benefits can you receive from an employer? When would these types of benefits be taxable?...
Andy:Various allowances such as some commuting and health benefits, and meals and lodging when for the convenience of the employer.
Also certain moving expenses (deductible, so effectively tax-free) and many overseas allowances.
Allowances paid by the Government to its employees, and certain allowances... More...
TAX question- Claiming ONE Single... Will you owe money?
i have an income tax question. my boyfriend is single (of course) and lives in an apartment. he therefore has no house and owns no property for a tax write-off nor does he have any write-offs that are work related. he gets to claim his 2 kids on his taxes every other year. this year he does not get to claim them. he grosses about $35,000 per year. last year he claimed ZERO single (and got to claim his 2 kids) so he got a $4000 tax return. this year he changed his filing status to ONE sing...
sweetirsh:Yes.... More...
Tax question..My husbands taxes were prepared and an error was not spotted until this year..Now he owes money.
He filed seperately..the preparer failed to disclose both incomes..Is the agency responsible for their mistake when we entered into a contract with them? We don't pay out taxes because we are disabled..this was a homestead property tax filing.IMO they are culpable because the contract states if they do it wrong they must re-do it at their expense..Advise would be appreciated..I already contacted the tax preparer..H&R Block..
I saw a similiar question but our situation is different since we don'...
Wayne Z:Regardless of who prepared the return, you are still ultimately responsible for the taxes.
You can probably get them to refund part or all of the fee because of the error but you will be responsible for the taxes.... More...
A tax question for the Left, Democrats, Socialists, and Liberals (ok...and republicans)?
It seems like no matter what problem comes up, the "left" (as I'll refer to them collectivly) wants to solve it by "taxing the rich" or by taxing everyone....but giving a refund to those who make less than $50K per year, etc.
So here is my question. At what point will you say "ya know, we've taxed the rich enough, it's time to tax the poor and the middle class OR cut back on social services". What is the MAXIMUM percentage of their income that you think the government is entitled to?
The lef...
witchy:I'm conservative and taxes are one of my pet peeves. Especially when I have to listen to my co-workers whose salary is the same as mine complaining about government spending when they don't even PAY taxes anyway! Since they made the personal decision to have children they get 100% of their tax mon... More...
Tax question - utilizing capital losses through gifting stock.?
I just found that that when you gift stock, the person receiving the stock inherits your cost basis. My parents have a substantial capital loss carryover from the .com boom and I wanted to obtain the advice of someone who understands tax laws fairly well to see if the following scenario would work.
1. I gift my dad $12,000 (or whatever the limit is for the gift tax exclusion) worth of stock. My cost basis on the stock is $6,000 so he will have a capital gain of $6,000.
2. My dad sells the ...
skip:As a single scenario it does not work. It is a scheme for tax avoidance. Gifts have to be with no strings attached. It follows, therefore, that you cannot do this more than once (if you are lucky) without attracting the attention of the IRS.
There are ways to do this legally, but you really need... More...
Personal tax question.?
I closed my corporation at the end of April 2006 and I paid all taxes due for the corporation to that date. Since then I am back to my selfemployed status. Now I want to mail in my Federal and Estate estimted quarterly ( towards my personal 2006 return ) and don't know how to go about it. Shall I wait till the end of the year ? Is there any way I could get those Estimated quarterly Tax Slips? Can they be printed from the web and filled in by hand? Can one e-mail a question to the tax office?Ne...
sourdough48:Your 2nd Estimated tax voucher for 2006 is due tomorrow (6/15/06)
You can go to the IRS website and download form 1040ES (some forms can even be filled in on-line, but be sure to print it twice so you have the original and a copy.) You base your 2006 estimated taxes on your total Federal income taxe... More...
Tax question: Can personal biz expenses accumulate over years of no income,then all be deducted when there is?
I earn an income from a regular full-time job, but very occasionally (every few years) I also earn additional income as a freelance writer. In the past, I have tax-deducted writing-related business expenses only within the tax years in which I earned writing income. During years where no writing income was generated, I kept records of all writing expenses but did not claim them as deductions.
This year (2006), I again will be earning money from my writing, the first writing-related income sin...
just_the_facts_ma'am:In the way you're describing the situation, no. BUT you may be able to file amended returns and claim the expenses in a prior year. If those result in an NOL, you could carry that forward (if you can't carry them back) to offset the 2006 income.
One issue you'll have to consider is whether the writ... More...
Tax Question: I got paid to be a speaker at a conference in another state. The organization made me...?
fill out all kinds of tax forms, where I had to essentially say that I was an independent contractor performing a service for them, etc. All the forms were properly filled out and given to the organization, so presumably they will report my earnings to the Feds. No problem... My question is - will they also report my earnings to the state? (West Virginia) And if so, do I need to fill out a tax return for that state, even though I don't live there? Or should I report the income to the state in...
Nick, CPA:Whether you need to report in West Virginia is dependent on the amount you were paid and how much in expenses you claim. If the net amount is small (under $500 or so) most tax preparers will not feel the need to file in that state. This is an issue for musicians, comics, and athletes who are paid ... More...
Tax Question - Earned Income Credit Overpayment?
My wife and I filed our taxes with the 1040 form. We dropped this information off to our tax consultants. When we picked it up they told us we are getting $4870 back. Yesterday I was filing and I noticed that she left out a W2 for $10,775. I checked online and the EIC should have been $2219. That is a $2,651 difference. We already received our return and spent it. I am very concerned because we dont have the money to replace this. I was wondering what the IRS usually does in this siutatio...
me:The tax consultant should be responsible for the mistake. Go back to them and have them rectify the situation. It might mean repaying the over-payment, true, but the IRS is good about payment plans.... More...
tax question again, help?
i owe 10 points to the people that helped me out when i asked this question a few days ago. but i need more details.
so, here's what i know about my situation.
i make 65,000 now. but last year i made 55,000.
i started work in october of 2005. after april of 2006's tax filing,
i got back about 1,400 bucks, i think.
so, then i got raise. to my current 65,000.
so after next april's tax filing, how much will i get back from the government. will i actually end up owing? but how can that be?
at m...
TaxMan:As long as you didn't change your W-4 form, the amount of withholding coming out of your paycheck scales with your income. As you make more income, the percentage of withholding goes up to match the higher tax rate. All things being equal, if you earn more this year, your refund may go up a bit, m... More...
Sorry for such a dull tax question but thought it would nicely offset some of the more lurid ?s you get here?
I have to complete a tax return (yipee) for the tax yr Apr 2005-06. Situation is this: I moved overseas in October 2005 (within EU), prior to that I was in employment with PAYE tax deducted at source.
I have two properties in the UK which I let out. At various times one or other of these has stood empty. I also have a few k in investment trusts which I guess are taxed already. Question: without wanting to sound like a capitalist traitor dog, what is the best option for minimising the tax bill ...
skip:You need the advice of a Chartered or Certified Accountant who has experience handling ex-pats.
As for the money you have already received, that is settled. You will be treated as a sole trader. You cannot set up a company and transfer the income there after the fact (well, you can, but it would ... More...
U.S tax question: is the south asia relief fund donations tax deductable for year 2005?
U.S tax question: is the south asia relief fund donations tax deductable for year 2005...
muncie birder:If you gave the money in 2005 and did not take it in 2004. Yes.... More...
a tax question. please help?
i make 65,000 a year. i work in midtown manhattan.
what the accountant did was to tax away from me, that i get only 900 a week. so...the question is.
after next years tax filing. how much money would i get back from the government? would it be 3 to 4 grand? please say yes...
any help would be greatly appreciated. give u 10 points....
Mathew:Assuming that you are single you will have $8450 in standard deduction and personal exemption which leaves $56,550 in taxable income. If you have no other deductions or credits your tax will be $10,809 and you will have withheld $18,200 which would give you a refund of $7,391. Unless there are cir... More...
Councli TAX Question ... URGENT . HELP REQUIRED?
Hi
I stayed in UK for 8 months, May 2005 - Dec 2006. During this period I never received any council tax bill. I came back to my own country (India) and its almost a year , suddenly I got Final Notice from council and asking me to pay 350 GBP , as my council tax. Also if I don?t pay this amount they will send me court summons?
my question is what if I avoid this notice , as I am not in UK now can they really do some legal action on me ?...
st.abbs:Providing that you do not own the house you received the bill for there is not much they can do to you in India
If you own the house the council will eventually auction it to pay the debt and if you come back to Britain to live you will have a C.C.J against your name.... More...
Tax Question for Class?
I have a question for a tax class that i can't seem to find an answer to, can someone help me wit this.
Say i were to put up a 100,000$ reward for information leading the the arrest and conviction of a murderer, lets just say who killed a family member. Someone gives information and the murderer is convicted. I contribute the money to the police department, who then pays the informant. Is the 100,000$ considered an itemized deduction for me?
Just to clairfy, i am gifting the money to the pol...
skip:Those who say the police department is not a charitable organization are correct. However, a tax deduction is also available for donations to a governmental unit. So a donation to a PD is, potentially, deductible.
I think the gift would have to be no-strings-attached and not directly linked to ... More...
Mary Kay Tax Question ....?
I am a Mary Kay Constulant and I have not bought any wholesale therefore I am not selling any. I got rigged into buying the starter kit and I wanted to wait a year and then sign up under someone else but since Christmas is right around the corner I think I am going to go ahead and buy some product just go give away as a gift. With a family of girls it is the best thing for me to do. But my question is if I buy product and do not sell it just give it away as gifts what happens when its time to fi...
thinkpinkmeghan:I don't think you signed up with the wrong company, just with the wrong person like you said. Being with the right people makes SUCH a difference! You are smart to stop for a year and then re-sign after the system has dropped you. In the meantime, you will list all of your MK investments as Business... More...
follow-up tax questions?
i posted the question below. if 14,300 if profit, how do i decrease how much i pay in taxes. is it to late to setup type of corporation or something? thx
http://answers.yahoo.com/question/index;_ylt=AnCzsp1oDDSrJcnGig3mppjsy6IX?qid=20060803005718AAK9tIU...
tonalc1:You got all the information necessary in your previous answers, especially the part about getting a business license. That way you prove you're a business, and can take deductions.
See a tax accountant to see what deductions you can take to reduce your taxable (profit) income. You'd be surprise... More...
I have an income tax question.?
I am a public employee (Firefighter) that was injured on the job and was on worker's comp. for 4 months in 2005. My employer (the City) continued to pay me my regular wage with all taxes taken out. (The City is then reimbursed by worker's comp.) My W-2 shows my full pay for the year, even though 4 months was on worker's comp. and therefore untaxable. My question is how do I file my taxes correctly? I have a letter from the City with the amount I was paid while on worker's comp. Which forms do ...
ericasqeeze:Hey, Fireguy,
Interesting question, thanks for holding it open for me. I hope you post your results when you resolve this.
I called a friend who is a city councilmember in the San Diego area.
He said to document your problem and submit a request, in person, for a corrected W-2 to your payroll de... More...
Earned income tax question?
both my daughters live at home one is in high school the other is in college last year i claimed them both (since i provide all their care) for EIC. Heres the question........my oldest daughter had a baby, can i still claim my daughter on my income tax and for EIC? And can she claim the baby on her taxes(even though i use my daughter on mine) and still get EIC? I provide all the care for her (housing food etc.) she works and provides for the baby except for shelter.
my daughter ...
D.M. C:As long as your daughter is under 24 and still a full time student, with you providing over half her support, you can claim her. She cannot claim herself OR her baby.
If you do not provide over half the support of the baby, you are not eligible to claim the baby either.... More...
Income tax question about multi-state filing. My wife and I moved from WV to Oregon in early December 2005...
But we still owned our house in West Virginia, which did not sell until March of 2006, even though we listed it immediately upon moving. We did NOT live in WV at all in 2006, nor did we make any income, except a small profit on the sale of our house. The amount we made on the sale was well below the married couple exemption of 500,000 dollars, and we were in that house for 5 years before we moved and sold it.
So, the question is: Do we need to file a 2006 state tax return for WV, given that ...
QueenChristine:No. You only pay State income tax in the state which you resided for 2006. You'll have to declare the income you made on the house, but it will be declared in the state which you live now.... More...
An income tax and estate tax question for a grantor trust?
In an "intentionally defective grantor trust" in which the grantor
retained the power to substitute assets....may the grantor substitute
cash for appreciated stocks owned by the trust so that the appreciated
stocks end up back in his estate and eligible for a step-up in basis
upon his death? (Obviously, the question assums that no capital gains tax is
triggered by substitution itself...if this is a false assumption
please explain.)
If the answer is yes....does it make any difference if the
inten...
waggy_33:You could make a substitution of cash for the stocks. I'm not sure you can do the substitution of cash for stock that is owned by an LLC. I think that this would be considered a sale by the LLC of the stock for the cash. You could probably get around this by distributing the stocks from the LLC to t... More...
Please help me with an income tax question?
My ex had my 18 year old son declared emancipated when he graduated from high school last June. Since then the ex has had to pay no child support. The ex still has my son on his health insurance, and he intends to claim my son as a dependent on his federal income tax. My question is - How can my ex claim my son as a dependent if my son has been declared emancipated? Is this allowed?
I need to clarify this issue. My son lives with me - not his dad. I am the one supporting him now that his d...
turtle 542:According to the IRS Code, in order for anyone to claim him, the child can not provide more than half of their own support. In addition, the custodial parent usually claims the child. If the parents share custody or live together, the parent with the higher income claims the child.
Your ex can no... More...
Tax Question?
I received a letter today stating there is a warrant for my arrest due to back city taxes for a city i lived in 2001/2002. I never paid any city taxes. (I didn't know I had to) I just recently started getting some letters regarding this, and have sent in a couple payments. However, its been tight for a couple months... I have a court date in a couple weeks... Any idea as to what might go on when I have to go to court? I dont have a problem paying the taxes, I just dont have the money to pay it a...
:... More...
Tax question.....?
My company got back money from the irs...Is some of that money mine its from our taxes...Please answer...
I work for a chiropractic clinic...our office manager recently left and we have some one else doing the payroll taxes...she recieved a check from the irs for our payroll taxes and i dont know if it was because we over paid....
lizzit:Your taxes that are withheld from your pay are reported to you on a form. In the US, it's a W2. Your amounts will be reported exactly to you on your payslips. You can compare the totals from the payslips with the totals on your W2. If the totals match, the next step is to take the W2 to a tax ac... More...
Tax Question?
I have made over $800 this year on sites like Inbox Dollars and Cash crate. Do I have to pay taxes on this. Anyone know my odds of getting away with it if I don't?
http://www.cashcrate.com/index.php?ref=84770...
WellTraveledProg:Yes, you have to pay taxes on it.
As to whether or not you'll "get away" with not declaring the income...
Did you provide your social security # to any of these places? If so, they'll probably send you a 1099 at the end of the year listing how much they paid you, a copy of which goes to the IRS, an... More...
Tax Question?
My Husband is going to Afghanistan he will be working for a company called GSS. Will he have to pay taxes on the money he earns while in Afghanistan....
lexi_131:As a U.S. citizen or resident alien, your worldwide
income generally is subject to U.S. income tax regardless
of where you are living. Also, you are subject to the
same income tax return filing requirements that apply
to U.S. citizens or residents living in the United States.
However, several income... More...
tax question?
my barber told me if i keep all my receipts from everything (including the haircut receipt) that i could get money back from my taxes... is that true? how does that work? or is it only for independent business people?
thanks...
Mathew:I didn't know they were teaching tax preparation in barber schools these days. Just a suggestion but you might want to check any information regarding taxes with a tax professional. Only in rare circumstances could the information your barber gave you be applicable. I would not even guess what he... More...