 My Tax Preparer screwed me up big time what should do? i never even met the guy before or signed anything!help |
| im really screwed here... I have been seening this Tax Preparer for two years someone at work referred me to him so i thought id give him a try... ok so i ended up faxing all my w2's to him as ... |
|
 Can claim my son as a dependent? |
| My son is 21 years old, he is not disabled. He lived with me for all of 2006. He made less 3300 dollars in '06 and I provided more than half of his support. His father and I have been divorced ... |
|
 Does anyone have to claim my 15 year old daughters income? |
| My 15 year old daughter made $1100 last year in babysitting money. As a part of my divorce agreement I can claim the earned income credit for her, but my ex claims her as a dependent. Who, if anyone ... |
|
 Where can I get the 1099 contractors form? |
| I have tried the libray and had no luck! They do have the forms at Office Depot but, I only need one and they come in a big pack. Also tried my bank! H... |
|
 Can I add my retired husband as a dependent? |
| My husband's social security income was about $6000, and I had about $27 000 income. Cam I claim him as a dependent? How should I file, Married, filing separately? Married, filed jointly? Or ... |
|
 Is it true that you can only claim two kids this year on income taxes? |
| a friend told me that your not allowed to claim more than 2 kids on your income taxes. well what the hell about families with more than 2 kids???... |
|
 Does $4700/year on a 130,000 house seem high for property tax? |
| Especially given the school dictrict is basically so bad it's useless? This is the total including County, School District and Municipality. The School alone is $3300. This is PA, what's it ... |
|
| I got a 1099 from a company that paid me 718$ USD and took no taxes out? |
| i got a 1099 from a company that paid me 718$ USD and took no taxes out and i have no deductions or dependents or any other income to claim. I did an efile online to see what it would say i owed and ... |
|
 Will I get a stimulus check? |
My dad claimed me as a dependent because he was paying for my car. Does that automatically disqualify me from getting a stimulus check?
Additional Details
I'm 19. My income was over ... |
|
 We were eligable to claim our grandson who lives with us on our taxes as a qualifying relative, but his father |
| but his father who did not support him and the baby did not live with him, claimed him on his taxes, the father is 18 and lives with his parents. The baby was born in Sept. our daughter turned 19 in ... |
|
 Married filing sep vs single? |
| I just got married in nov and trying to decide if I should file mfs or single whichever will give me biggest refund. My husband still owes so I'm not gonna file with him this year. I made 19000 ... |
|
 Should we invest this money? |
We will soon net about 70k by selling a small residental building lot. We are both approaching
60, so although we have no immediate need for the money, we soon will. Can we invest these funds ... |
|
 Can a 1099 Contractor Collect Unemployment? |
I understand that employers do not pay Federal Income taxes for their 1099 contracted employees; does this mean that I cannot collect unemployment if I need it?
My last contracted work ... |
|
 Why does the Goverment take so much out in Taxes? |
Just finished doing my Taxes, I'm single in my mid 20's, and make about 45k a year. I claim 0. The Government takes close to 30% of my income out in taxes.
I in all honesty ... |
|
 Has anyone won the Uk lottery and gone through the procedures to get the money? |
| I was told I won and they need a bank # to transfer money. I filled out application for lottery and been speaking to bank in UK... |
|
|  |
leib922 | Are you exempt from paying taxes if you have seven kids? |
|
 |
 
melya
|
No. What taxes? You obviously pay local taxes everytime you buy something. |
|
SCH
|
You are not exempt from paying taxes. What will likely happen is that your credits as a result of having 7 kids will reduce your tax liability to zero and you will owe no taxes and if you paid any taxes you would receive them back. |
|
Wayne Z
 |
No.
You may receive enough in credits to offset all of your tax liability, but you are not exempt. |
|
Judy1
|
No, but unless you make a ton of money, you would probably have enough deductions and credits that your tax bill would be zero. |
|
bostonianinmo
|
Nope. Depending upon your income you might not owe any taxes with 7 kids but that's because of the exemptions and credits that you'd be entitled to, not some general exemption from taxes for having a particular number of children. |
|
v b
 |
If you have middle class to high income, having 7 dependents can trigger AMT so the government can be sure to get some money out of you. |
|
Steve B
|
No, but your tax could easily be $0.00. The question is almost purely academic, of course, because anyone with 7 kids would still file a tax return to apply for the refundable child tax credit. |
|
MACprincess♥
|
7 kids? Dizzam!! |
|
sully
|
SCH is right the only thing I will add is that if you are a high income earner you will lose the 7 exemptions (plus your own and your wifes) by a phaseout. In this situation the kids provide no benefit but cutting the lawn. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 35 minutes(s) ago
| | | |
8 | 55 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
