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| My unemployment beneifts expired today and I am on my 1st extension. I just got the word that the voters did not pass the extension bill to continue with the 4 tiers available. I am in Florida and ... |
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 Why am I not entitled to Working Tax Credits? |
| I am being made redundant in a week (am currently on maternity leave) and I am due to have a baby in 3 weeks. My partner works full time (in a low income job), but HMRC have estimated that I will not ... |
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I submitted my 1040X on April 5th. Delivery Confirmation said it was delivered on April 8th. I paid the taxes I owed the next day online.
My tax preparer said it's taking so long ... |
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 Do I have to tell the IRS when I receive e-mail saying I won something, even if I think it is a scam? |
I often return e-mails saying that I have won things, such as foreign lotteries. Most of these are obviously scams.
The IRS says that I must report anything I won and may be required to ... |
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 Is the 'Make Work Pay' tax credit apart of the $8000 tax credit or separate? |
| I just purchased a home May 2010 for $220K. I'm single and filed my taxes in Feb and received a small refund. I'm in the process of filling out the 1040x form but whenever I get to the ... |
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This year, my net profit was $6914, and the calculated taxes I owe came out to $-579.
I also participated in an S-Corporation in which I ... |
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| from my job at the end of July. That is certain. My question(s) are...if the company that is coming in and taking over offers me a job, do I have to take it? Or can i still file my unemployment ... |
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like, im saving 50 dollars to buy a camera at best buy, which is 50 dollars. but i know thats not the exact price. the tax is included. so how much percent of the price do they add?
... |
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| How do you pay taxes on stock? And when? I'll just give you my particular example. I have recently bought 100 shares in a company on an online brokerage. I plan to reinvest the stocks dividend ... |
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I filed Form 2555-EZ (Foreign Income Exclusion form) with my 1040 this year.
I now want the IRS to delete Form 2555-EZ. Is this possible for the IRS to remove? (I will, of course, file an ... |
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| Okay so I took a private in home care job in February. I've just been being paid in personal checks however, not under the table as I and my employer obviously will declare the wages. I don'... |
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| what will happen with the new budget 2010?... |
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| Canada income tax. Tradesperson tool allowance.? |
| can my tool receipts from 2009 be used on my 2010 tax return?... |
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Marcy Torres | Can I claim exemption on my W-4? |
So I have my first job ever and I have to fill out a W-4 form, and I got stuck on step 7 which says:
"I claim exemption from withholding for 2010 and I certify that I meet both of the following conditions for exemption:
- Last year I had a right to a refund of all federal income tax withheld because I had <b> no </b> tax liability <b> and </b>
- This year I expect a refund of <b> all </b> federal income tax withheld because I expect to have <b> no </b> tax liability"
and then it says that if i meet both conditions to write the word exempt in the box.
Do I write exempt?
Additional Details
Mind you I'm only getting minimum wage, on 4 hr shifts, only three days a week, and its only till i start school again. |
 |
I_think$
 |
Claiming Single (any number between 3 and 8) will do the same thing of ensuring no Federal Income taxes withheld. Then no need to worry about "exempt" rules. Your claiming is only to guide payroll as to what rate and amount to withhold tax. It is not binding so no legal consequences for not listing your real self on the form (S-1).
By your additional details, probably no tax w/h even if you said S-0 |
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Gerardo D, EA
 |
On the W-4 there are the instruction and a worksheet. These worksheet are fairly accurate, You did not tell us what is your filing status, your job, the source(s) of your income(s) and if any of these incomes are non-taxable. |
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tro
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as a student and dependent on your parents' return if you do not expect to make $5700 for the year 2010, you can file exempt |
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rtfm
|
Yes, you can. |
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card-ron
 |
If you reasonably expect to make less than $5,700 this year (and it sounds like you can), then you can claim exempt on your W4. |
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