 I put someone elses kids on my tax return , what will happen? |
| I put someone elses kids on my tax return, and got permission from the parents, if I would kick them down some money. I filed as head of household and got alot more back than I would of got myself. W... |
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 What is the total of $19.95 + tax? |
| I want to get somthing but I dont know what the tax would be.... |
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 Taxes parents claiming me? |
I lived with my dad up until June 13 of 06 then i joined the army. Does he still get to claim me this year and if he does do still file for taxes?
Additional Details
Well he wants to ... |
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 Is Anyone here scheduled May 5th - 9th for the rebate? |
I've only seen 1 person (my mom) who's scheduled for May 6th and the last 2 of her SS is 27.
Has anyone else gotten a positive response from the "Where's My Stimulus P... |
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 IRS 2007 Delayed - LATE! -Tax Refund - Date Changed - Reference Code / Number 1221, 1301, 8002 and the alike? |
How many of you have gotten weird codes and sudden message changes on your 2007 IRS tax returns?
Has anyone seen a code 1221, 1201, 8002 or anything other code & still gotten their ... |
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 How much would my monthly salary be if my annual salary is £23877? |
| i need to know how much my take home per month is if my annual is £23,877... |
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 What does '£75 net per week' mean? |
| I want to find a job as a nanny and I need to know if this means before tax or after tax? And how would I work out my monthly income?... |
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 I received a mail from BRITISH NATIONAL LOTTERY HEADQUARTERS see details below can we believe it? |
Dear Winner,
Your ticket number: KTU/9023118308/03 with Serial number 5368/05 drew
the lucky number: 29 Congratulations, you have just won yourself
£5,000,000.00 in the ... |
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 Why haven't I received my stimulus check yet? |
| I filed my taxes and received them a little over two months ago. I never did get the notice that I would be receiving a stimulus check, but I was told that everyone who filed for tax returns this ... |
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 Does everyone who worked in the year 2007 get an Economic Stimulus check? |
| I only worked 8 months in 2007 and then the office where I worked let me and alot of other employees go because they were downsizing. I would like to know will I still get a check although I did not ... |
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 What will happen if I don't pay the death tax? |
| I won't pay this I'll go to jail for life rather then pay anymore taxes at all to theese ... |
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 My hairdresser shop does not take checks or credit cards. Cash only. And he never offers me a receipt.? |
| I like their customer service, prices & timeliness. Am I wrong to want to know if they pay taxes so I can continue to support their business? Or am I being a flipping nazi for even thinking these ... |
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 I just lost a hundred bucks at online poker, can I write that off on my taxes??? |
| I just lost a hundred bucks at online poker, can I write that off on my taxes??? Or any other gambling expense??... |
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 My business is running at a loss and I have decided to throw the towel in, I've had enough of taxman? |
| I've sent off my last tax return now I want to clear out my office and rid myself of the constant reminder of the turmoil I am in. Can I burn or shred all the files or am I legally bound to ... |
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 I am a single mom with 1 child. I was expecting to get back $600 for me and $300 for my child, with Bush's |
| tax rebate. I just looked at my bank statement, and only $600 was deposited...where is my childs portion? Do they deposit at different times? Im trying to get a hold of the IRS, but not having any ... |
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stoneyeyes2000 | Are Christmas Bonuses Taxable? |
I have a small company, and this year i would like to give deserving employees a Christmas bonus. However in Quickbooks, I am not sure if this is a taxable bonus or not. Can any one help me? |
 |
 
bostonianinmo
|
Bonuses are fully taxable. You must withhold SS and Med at the usual rates. Fed income tax must be withheld at the statutory rate of 25% though you may withhold at a higher rate if the employee requests. |
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src50
 |
All bonuses are taxable income. |
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DR W
|
Bonuses are considered taxable income. |
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Big Bobby Clobber
|
All bonuses are taxable |
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Yogi
 |
all bonuses are taxable |
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green apple
|
Bonuses are taxable...if you use a payroll company they can add it in as a seperate line item to show employees that the extra funds were a bonus. If you use QB solely, you can still break it out as a seperate line item. Bonuses are still considered wages so there won't be anything special to add to W2's either. |
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Gary
 |
Yes it would be taxable. |
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Rockyrocks
 |
all bonuses are taxable. You should deduct taxes, also, and this should be included on their W-2 form.
some companies give out food, etc and do not put this on w-2's, as it is a small amount. |
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Katie W
 |
Yes; and bonuses usually have the highest tax bracket % withheld since they are not normal income. For example, it is possible that an employee's total pay might end up primarily bonuses! In which case, if their withholdings are based only on their normal salary/hourly pay, then their tax bill would be awful and they would likely get some nasty penalties for not having had enough withheld. |
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acermill
|
All cash bonuses are taxable income. If they're not large bonuses (a hundred bucks or so), simply withhold FICA and let it go at that. If you're handing out substantial bonuses, then you need to also withhold federal income taxes. |
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Dr. Deth
|
taxable and technically, you should withhold taxes at the 25% SUPPLEMENTAL RATE BUT IF THE AMOUNT IS EQUAL TO OR LESS THAN ONE WEEKS PAY, YOU CAN JUST TAKE OUT NORMAL TAXES |
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taxreff
 |
Per IRS Publication 15, bonuses are wages. They are to be treated like other payroll, with the exception that withholding for federal income tax can be limited to 25%. |
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stephanie_hamett
|
all bonuses are taxable...
if you are creative enough, (speak to an accountant or CPA) , but two years in a row the company i used to work for gave us bonuses... but the way they were put through the payroll system was taxed at the payroll rate and not the bonus rate. so the gross bonus was like 285 something, and after taxes the check was like an even 250. That was sweet. |
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daddy280
|
All bonuses are taxable. You can choose not to tax your employees, but then they will have to pay the taxes on the money they receive. |
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Elliott J
|
From your business standpoint it is treated as an expense allowance. See how the amounts of bonuses compare with your allowable expenses.
Taxable to employees in a static sense but they may be able to shelter some or all of the bonus depending on their individual tax situation. |
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Snowflake
|
Every time I have ever received a bonus, the company I work for cut taxes. Unless you want to just give them cash.... |
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