 UK: Claiming Council Tax rebate, do U have to show UR full bank account statements? |
| On the claim form, it says U have to show UR last 2months/ FULL bank account statements? Does that mean they can view all my transactions etc? Isn't this private suff and should remain so? I don&... |
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 How do I combat income taxes? |
| How do you not file any returns and still not be blamed for fraud or for not filing taxes? I looked it up myself and saw there was no law. There is nothing saying that I had to pay federal income ... |
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 Income tax question please help? |
okay so i have a question about income tax
for this year i have worked from jan-july
&&just got a job.
I have two kids and i still live with my parents.
i supported my ... |
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 What happens if i refuse to pay for a customs charge on my parcel from the US? |
| I have recently bought an item off ebay from the US (im in the UK). I asked the seller to put a low value on the customs form and she said that was fine. I have received a customs charge letter today ... |
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 My parents claimed me as a dependent on their taxes should they have been able to claim me? |
| I'm 22 years old and I was a full-time student last year. I also moved to Indianapolis to student teach. I payed for all of my expenses and took out loans under my name only to help with ... |
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 What is Federal Witholding? |
Anyone want to explain it?
Additional Details
Okay, so my older sister is a doctor and her federal witholding is $35,712.09 . How much of that does she actual get back? She is single, no ... |
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 Don't have a "JOB" so do I need to file taxes? |
| I do under the table work so that I am able to be a stay at home mom. I clean bathrooms (for family & friends), as well as a lot of computer work, make resumes, baby sit, tutoring, things like ... |
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 DOES ANY ONE HAVE IDEA ABOUT A LIMITED COMPANY, WHO MAKES PAY ROLL FOR AGENCY Workers? |
hI all,
i am a health professional working in NHS through the agency. I am working for my agency but my pay roll being made by a limited company, they charge me 27.50 per week. even if i work 8-1... |
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 Is it a good idea to send in copies of receipts for large purchases with my tax filing? |
| I am a private software/hardware contractor trying to save money on my taxes. I bought about $3000 worth of stuff on December 30 and 31st of 2006 so that I could write them off of my 2006 taxes. (W... |
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| Has anyone received thier stimulus check from 6/20? |
| My last 2# are 60 and i got the letter saying it will be mailed by the 20th of june. My real question is that the irs website still says it is scheduled to be mailed on 6/20 and its 6/23. Has anyone ... |
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 The IRS says I do not qualify for a rebate check? |
| Because my mother claimed me as a dependent. However, I am 19, make a substantial amount of money(or, 9,000 a year is enough for a 19 year old), and payed taxes. How would I not qualify for a ... |
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 Gordon Brown. Financial guru or Fiscal zero ? |
This was on the front of my homepage.
Thought it might make for interesting discussion !... |
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 My wife and I own half of our house and another family member owns the other half. If they gave us their share |
| what would the value of their part of the property be for calculating capital gains? Would it be half the value of the whole house or would it be the current market value of selling to someone half a ... |
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 What is the benifit to have a pan? |
Additional Details
what is the benifit to have a pan card?
... |
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Cheri D | 17 year old working and will file a tax return to get refund of state and local taxes? |
The 17yo will check on his taxes that someone else can claim him. The parents of the 17yo will claim him on their taxes. Who gets the tax rebate? The 17yo filing as an individual, the parents claiming the child, or both?
Additional Details
Okay, so let me explain. He is working part time. He can file a return and check the box that says someone else is claiming him. He gets back the little bit he paid to federal and state. The parents claim him as the exemption. |
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billy m
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I'm actually not completely sure, but this is what I can remember from my tax class.
The parents have some options when claiming the child. They can take on the burden of some of his/her taxable income, thus making it pointless for the child to do their own taxes.
Or, if the child meets the qualifying relative test, more then 50% of support and lives with the guardian, and a couple of other things...maybe close family...then the income of the child doesn't matter for them claiming the child, but then the child must still file taxes.
So basically what I am saying is...look at the tax code. irs.gov, for the specifications and get together with the parents to find out exactly how they file their taxes, in regards to the child, and take it fomr there.
Good luck |
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OC1999
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I would actually not worry about this until the legislation is passed and actually signed, as anything can change. |
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bostonianinmo
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There is no rebate yet. Therefore it's NOT possible to answer your question. It's the same as asking what will be the name of the first child born on Jan 1, 2011. It's way to early to know the answer to either question. |
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Terry G
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If the 17 yr old files his own tax return, he is claiming himself for the exemption. Accordingly his parents cannot also claim him on their tax return. You might want to talk to your parents to see which would be more cost effective. I would have to say, if you are still living with your parents, it would be for the best to allow them to claim you on their taxes, if for no other reason than to keep peace in the family. |
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MacJedi
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The worker files a return to determine what he owes in taxes, and will get any overage as a rebate. He won't be able to claim himself as an exemption, so his rebate won't be as large as it might otherwise be. But what he does end up with should be all his.
The parents get the exemption for him, so their taxes go down as a result, which will result in a larger rebate (if they overpaid their taxes) for them, which they keep.
So the answer is that both end up with something. |
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St N
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Not sure on the exact method of US tax rules, but in Canada, the parent that claims the child as a deduction will have to add the child's income to his/er and then claim the deduction, which may completely negate the deduction. If the child is entitled to a tax refund, then it should come to the child. The parent is bound to get less of a refund because s/he has increased his/er income. |
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raphael
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i think just the 17yo will get the refund |
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DJ
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Parents win and you might owe if the IRS investigate. |
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c murk
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If the 17 yo is filing his own taxes his parents can no longer claim him. |
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