Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Can anyone tell me how much you have to earn before declaring your earnings?
e.g avon ...


 W-2 1040ez form single. help! i dont know what taxable interest is.?
#2 on the 1040ez.

Is it #2, #4, and #6 on the w-2. or is it just one of them?...


 I filed my 07 tax return electronically then I received another 1099. What do I do now?
...


 How much per person is the tax rebate?
I was told that it was supposed to be $600/person and then $300 per kid, but I only got $300 and then $300 for my son.

Will I have to claim this money next year?...


 Living Together with baby...?
My boyfriend and I live together with our 5 month daughter.
He is aa independent contractor - he makes a percentage of his jobs so his salary is in flux. He generally does not have alot to ...


 Would you be willing to pay higher taxes for nationalized healthcare in the U.S.?
Millions of Americans are without healthcare coverage and nationalized healthcare is the only foreseeable solution.
Additional Details
STEVEN F: I agree a government run healthcare ...


 Do employers in England have to pay you at a certain time on pay day?
For example if your pay is due on the 10th of every month, do they have to pay you by the time banks open on that day? My employer is claiming they can pay anytime up to close of the banking day, ...


 Tax ?I am married. My Spouse is defauted on student loans. We have 2 children.?
does that mean that the government will take our entire refund? Even if my spouse has this debt and I DO NOT? Because we filed together- ?? Or do they GIVE SOME BACK? Does anyone know how this ...


 Has anybody gotten their tax rebate check this week when they were suppose to get it next week?
This year i did my taxes on my own by direct deposit. I also did my husbands taxes and a cousin of mine who also ask me if i could have it dd into my account. Yesterday (saturday) we had a check of $3...


 Im workin 12 hours, can i still get family tax credit?
Im working 12 hours at work and need to know if i can family tax credit, as i cant change my hours! help!!!...


 I want to pay my bills?
...


 Why do People Pay to E-file?
I think it typically costs about $15 to E-file a tax return.

Why would people pay that money?

I am just as happy to print my tax forms and mail them. It's not worth me ...


 Explain,why the rich do not pay high taxes.could it balace the economy if they did?
if they did. why not provide a list of the persons and business and the amount that have to contibute, anual income under 250,000 pre year....


 Is the Irs running out of money!?
Some one told me today that the Irs is running out of money for our rebate cheaks is this true!...


 Irs is telling me I owe money when I've already sent a corrected form?
I got a notice in June that I owed $3,800 for unreported interest earned from stocks. I contacted my tax prepareer and after I got all the necessary forms together, we sent in the paperwork to the IRS...


 What happened to the government stimulus checks?
my parents applied for federal taxes and recieved a refund but never recieved the stimulus check they were ...


 Tax penalty from 5 years ago?
My boyfriend recieved a packet in the mail from the irs saying he owes 1200.00 for failure to file in 2001. 2 problems arise from this. One he was in the military for most of the tax year mentioned ...


 Does an inheritance play into one's earned income tax status?
...


 Renewing tax disc...?
Okay so i had to renew my tax on my car as it runs out today, however when I searched for my insurance certificate it could not be found! I realised I hadnt been sent one as I had an old temporary ...


 Long form of CTC?
...



noggle4
Are Student Loans considered income to the IRS?
If I get student loans in the amount of 34900.00, and put into a checking account (private student loan) is this income that I have to report?
                     
 




in love with superman
Rating
No the loan is not income. You should receive a form at the end of the year stating how much interest you paid to the financial institution you are paying the money back to and that is a credit on your tax return. Any interest you EARN on the money is taxable and you should receive a 1099-int from the financial institution you have the money in IF it is an interest bearing account. Check out the irs.gov website. There are many deductions and credits for college students.


jamaica
Rating
I am Canadian, but I am 100% sure that student loans are not considered income here, and I seriously doubt they would be considered income down there! The government usually tries to give students a break!


yahoohoo
Rating
No, a loan is not income.


milliondollarssoon
Rating
nO


Judy1
A loan, student loan or not, is not income no matter what you use it for - a loan means you have to pay it back.

If you default on a loan and the lender writes it off, then you could become liable for tax on the amount written off since it could be considered as income.


JoeP
Rating
No it is a LOAN. You will have to report and gains from it, such as interest etc.


Shone
I definately recommend http://www.consolidation-fixed-loan-rate.com They have a lot of good resources.


Fool in the Rain
Rating
No, but if you use the money for anything other than school (tuition, books, etc.) you have to report the money as income on Line 21 of your tax return.


csabrinam
Rating
Yes and no, If you use the loan as for tution, it will not be concider income. But it does however help you use the intrest you pay as a deduction later on. And for now that your in school and u use it toward tution and books, it help you apply for a education credit on taxes. Yes it's income if you use it for boarding expenses and personal needs.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy