 Can you write off online casino/gambling losses on your taxes? |
| a friend of mine asked me this question and I admit I dont know - I know you can write off legal losses like from vegas and stuff - and Im sure the tax man wants to you report any winnings from any ... |
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 About bush and his stimulus my girlfriend and I were sitting here estimating our tax refund ? |
| and how much we would get back this year. and she noticed that they ask how much did you get back for the stimulus last year. and she put in how much she did then she found out how much she would get,... |
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 How much will it cost me to hire someone to do my taxes? |
| I would lke to get my taxes done professionally because I worked in 2 states this year (I had no idea if that would complicate them). The past 2 years I had them done at work for free by a coworker, ... |
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 If my ex husband hasn't paid child support since March of 2007 does he still get to claim her on his taxes? |
| He hasn't paid since March of 2007, but in my divorce decree it says he gets to claim her, but the IRS says whoever pays 51% of her support gets to claim her? Which one do I have to go by? If ... |
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 I lived in Indiana until December 1st, 2006 then moved to Maryland. Where do I file state taxes? Both states?? |
| I worked in Maryland the last 3 weeks of December and live there now. I included a W2 from Maryland in my Federal Taxes.... |
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 I am self employed and have my unique tax ref number. Can i raise an invoice with VAT displayed on it? |
| I was asked for a VAT No by the company I recently did the job for but when i told them i only have Unique tax reference No rather than VAT Reg No, i was told i need to re-write an invoice and musn�... |
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 The company I used to work for is withholding my w2, is that legal? |
| I called my former employer to ask about my W2 and to make sure that they had the correct address to send it to. The person I spoke to told me that the company was withholding my W2 because I owe $40... |
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 Has Palin taken a stand for or against the Fair Tax? |
Additional Details
Please make sure you are in full understanding of the fair tax when you post your reply if you choose to post anything but a yes or no answer. Do not post what you ... |
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 Can an employer deduct taxes from cash wages? or basically once hes payed you cash? |
| So my bfriend and couple friends has been working at a company and when they first started, they began to pay them with cashiers check "under the table" [aug/sept]. Now they are doing &... |
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 Is 5,100 income per month enough to live on? |
for 2 adults and a baby?
Our rent is only $533.... |
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 If I am single and made about 11K income last year , paid about 300 in income tax,? |
| will I get one of those rebate checks? How much? I really need the money to get some new contacts as I can't afford to buy any new ones, I want to use the money for an eye exam and contacts ... |
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 Is there a tax on long-term capital ganins by selling shares? I mean shares held more than 3yrs.? |
| Recently l sold some of my shares which is old more than 5 years. Is there any tax I have to pay for the profit? Also what is the tax liablity for the short term gains i.e. shares sold within 5to 6 ... |
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 Is it possible to pay your employees with cash in the state of New Jersey? |
Employer is an adult movie making business.
Employees would be the cast and crew.
Additional Details
The company will keep a record of all payments for tax purposes.
L... |
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tess1027 | Can I claim my son who is 16 as a dependent and can he also do his own taxes he has a part time job? |
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afling78
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You claim him as a dependent and he does his own taxes, checking the box to indicate that someone else claims him as a dependent. |
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Simon C
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Assuming you are in the USA...
Yes. However, when he fills out his taxes he has to state that he is included on someone else's taxes as a dependant. |
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Judy1
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Yes, assuming you are eligible to claim him. He has to have lived with you for over half the year, and not provided over half of his own support. Most 16 year olds fit these rules, even if they do have a part-time job.
When he files his return, he will note on it that he can be claimed as a dependent. He won't get his own exemption - you'll get that. Assuming his income is on a W-2, he's required to file if he made over $5150, although he can file to get a refund if he made less than that but had withholding for federal income taxes.
If he files a 1040EZ, there's a box on line 5 ("YOU" to check to say that he can be claimed as a dependent - he should be sure to check that box. |
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Lilly
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If your son llived with you for more than half the year and if you provided more than half of his support then you should claim him as a dependent. If he had an earned income greater than $5,150 he would be required to file himself; however, with you claiming him as a dependent, he would not be able to take his own exemption (worth $3,300). This is true even if you don't claim him as a dependent; as long as he *can* be claimed as a dependent, only the parent can take his exemption. This doesn't mean he definitely wouldn't get a refund; it all depends on the exact amount he made and how much taxes were withheld from his pay. If he made less than $5,150, he would not be required to file at all but he might want to file if he had enough taxes withheld from his pay to entitle him to a refund. Any good tax preparer should be able to give you the exact figures for you and your son. Good luck. |
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kissybertha
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yes you can claim you son until he is 18 because you still pay for the roof over his heads and food etc. and yes he can still file his income tax for his job. the only way you could not claim him is if he wasn't living with you. |
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Dizney
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Claiming him - probably. If he made too much money you can't claim him, even at 16
Filing "his own taxes" - depending on his income he HAS to file his own return. You can't include his income on yours and you wouldn't want to. His tax rate is much lower than yours.
Income below a certain level doesn't require the filing of a return. If he had withholding, the only way to get it back is to file. If he files a return and his income is low enough, he would not claim himself. Only one taxpayer can claim a person. |
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jcontrols
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Yes you can and yes he should file on his own behalf. He can probably get a small refund.:-)= |
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Akbar B
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Either claim him as a dependent even if he has a part time job because if he lives with you and you pay more than 50% of his expenses then you are allowed to claim him as a dependent, or let him file his own taxes where he will claim himself as a dependent. but you cant have it both ways. |
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