 I want to file my own tax return at age 14...? |
| but my parents say that I can't be on two different tax returns.If I file my own tax return can they still claim me on their return?... |
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 Was the 16th amendment ever ratified? I don't think so.... There should be no law to pay INCOME taxes.? |
It's a direct tax, not apportioned.
Interestingly, I've been immediately jumped on and tagged a "tax protester".
Perhaps I just follow the constitution.
... |
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 Got an email from the IRS, how do I know it's legitimate? |
The email says I'm entitled to a refund and then wants me to click on this link: http://www.bertorotta.it
This looks like a spoofing attempt to me, does anyone ... |
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 My mother died owing the IRS. The estate does not have enough $ to pay debt. Do heirs inherit the debt? |
| My grandfather died in 1997. My mother received her share of the estate in 2005. She then died in 2006. She had given away 80% of the cash she inherited before paying any estate taxes. The ... |
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 Income tax does nor exist 4me. have never, ever paid a flippin' cent 4'ncmtx. what's in stock 4me, jail? |
i wouldn't mind serving time in jail as long as the chow is good and i ain't 2work 2hrd and i have some kind on relaxation on
week-ends..... |
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 Stimulus check, how you spending? |
| I'm so happy it paid off my husbands CC, and our regular return this yr paid off mine, with the cost of fuel, food and etc going up, up away it'll help. But we were smart and cut up the ... |
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 If the IRS was abolished how much danger are accountants in? |
I'm going to school to be an accountant, But I'm also supporting Ron Paul (You know, beacuse I care about America and Freedom)
But if He started working to abolish the IRS and ... |
|
 I received a letter rom the UK lotteries that I won a cool million bucks. Ok, I know wta u're thinking.? |
| These people hv not asked me for any 'fees' or anything but hv accepted my suggestion to allow me to come over to the UK to collect the prize myself. So, what do u think? Shoud I go or not?... |
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 Employer failed to send me a 1099 form. What should I do? |
| I worked as an independent contractor for a small law firm for about 2 months. I don't have copies of my checks or the total amount i earned. They did not send me the 1099 at the end of the ... |
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 I am due to pay a cheque into my Lloyds TSB bank acc today (Wed). When will I be able to draw on this cheque.? |
| Dont forget that we loose a working day on Monday, because of the bank holiday and we have Sat and Sun too to account for.... |
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 Is taking fewer deductions to have a large tax refund smart? |
| My husband insists on rigging his w-4 so that we pay out a lot in taxes and get a 6,000 to 7,000 tax refund every year. While this has been nice and something to look forward to every Janurary, I ... |
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Sarah12345 | Are Real Estate Agents required to file taxes every year? |
My friend and I are arguing about this topic. I say they are required to file taxes every year. She said they are not required to file every year. Does anyone know the answer??? What happens if they don't file every year?? |
 |
 
Wego The Dog
|
Think about it. If they we're not required to file like everyone else, wouldn't everyone try to be a real estate agent?
They are no different than anyone else. |
|
wartz
|
They are required to file just like normal people and suffer the same penalites if they don't. |
|
acermill
 |
LOL...the only reason a real estate agent would not have to file for a given year is if he/she received NO commissions for that particular year. Where on earth did your GF come up with her stance ? |
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Gary
|
Tell your friend, everyone who receives income no matter the source is required to file taxes each and every year. If people do not file and owe money then they will be paying interest and penalties. If people are entitled to a refund they will not receive it if they do not file their taxes. What gave your friend this idea in the first place? After reading some of the earlier answers given, I need to add something. Even though some people may not be required to file taxes because of low earnings you still need to file to get your tax withholdings back both federal and state. |
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Wayne Z
 |
Of course they are required to file.
Generally, real estate agents are self-employed. The filing limit for self-employed people is only $400.00. In any year where they GROSS more than $400.00 they must file a return.
If she is an agent and has not filed, she has some issues that she should see a CPA or EA about.
As a side note: Real Estate agents tend to be some of the biggest PITA (Pain in the ???) clients that I know. They all think they know everything and, for whatever reason, they know very little. Also, they tend to give their clients very bad tax advice...... |
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bud68
|
Everyone with taxable income above the filing threshhold is required to file. |
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dawnne18
|
I work at a Real Estate Office and just because taxes are not taken out of their commission doesn't mean that they don't have to file a tax return every year. It is up to the agent to withhold their own money to pay their taxes at the end of the year. They do get 1099s. Everyone is required to file a tax return that has an income. |
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Gypsy Girl
 |
Everyone and every business is required to file taxes every year unless they have no taxable income. |
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Angie R
|
Absolutely , Most agent do not have any taxes taken from their commission,But at the end of the year you are 1099 and then you will pay taxes for all your commissions. some agents set it up for every 3 months they estimate an amount and pay taxes on that if there short at the end of the year they pay the difference if they paid more then they will get some money back which rarely happens. But yes you must file taxes every year |
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bostonianinmo
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Well, given the market right now I'd wager that there are some starving agents out there right now who have not earned enough to be required to file. That's the only way you get around the requirement -- don't earn enough to exceed the filing requirement amount for your filing status. |
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tone
|
If your earned and/or unearned income crosses a certain level depending your filing status, you MUST file.....doesn't matter what your line of work is....
If you don't file every year it is called Tax Evasion and it is a federal crime and you do the time. ---so don't do the crime. |
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