 Is "Cancelled Debt" Income subject to Self-Employment Tax? |
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This was a personal loan. Both my husband & I were self-employed at the time. However, this was a personal loan from my father-in-law (Before anybody jumps on ... |
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 Pan Pan Peanut Butter, I feel that it is not right to just throw the jar away without? |
| some type of reimbursement. It is like throwing money away and I am not that rich where I can throw money away. I purchased the jar at the Ft Sill Commissary. I purchase peter pan peanut butter on a ... |
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 Independent tax preparer? |
| Can one take the tax prep classes from H&R Block or Jackson Hewitt and, instead of working for them preparing returns, start up a tax prep business of their own? Is there a commitment to these ... |
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 Any site for tax return? |
| may be return for my ... |
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 If work exspenses are tax deductible, can I claim gas money? |
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gas is an expense, that I wouldnt need except for ... |
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 Who can garnish tax return? |
| can unpaid court fees be taken from tax return?... |
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| What is the benefit of income tax? |
benefit of the income tax and it's advantage to us
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Where can I get more information about the benefit of income ... |
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 Can you get in trouble if you file your taxes as single but you are actually married? |
If the IRS finds out, would you be subject to owe anything? What would happen to someone that has done this for up to 15 years? He lives in Texas and for the last 5 years has worked in Oklahoma.
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 Would Americans be willing to pay a high gas tax instead of Income Tax? |
| A high gas tax would be an incentive to conserve gas and oil. THis would help kick our dangerous oil addiction and total dependence on very unstable and nations that hate us. So would you welcome a ... |
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 My wife and I both claim zero on our taxes yet we will owe $2,600...why? |
| Ok, so, last year we both claimed 2 and ended up owing $3,000 in state and federal tax combined. So we immediately changed our withholding to zero for state and federal. However, looking at our ... |
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 Should I file my own taxes online? |
Hi all, im not sure if I should go to Hrblock to do my taxes this year, as I have done in the past. I dont have any dependents and my wife and I claim married 0 all year.
Should I keep going to ... |
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 Can I claime my niece on my taxes? |
Can i claime my niece she was born today. my sister have not work for a whole year and would like for me to claime her on my taxes since she does not work. will this be a problem?
Additional D... |
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 So is not putting 2p on petrol going to help the poor working people of the UK? |
| After it's gone up by 30p in the last two years! the idiots in this Government are far as far removed from day to day life for the majority as it's possible to be!... |
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 W4 - tax form? |
I can't figure these things out. ... I'm single with no dependents. Shouldn't I be claiming zero? Why am I reporting 2?
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There's nothing else to ... |
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 Witholding taxes question:single with no dependents? |
Iam single with no dependents what is the best number to claim with not so much money taken out. but yet dont owe at the end of the year?
second question:what if i dont want not to much taken ... |
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Peg W | Can I request that federal income taxes not be deducted from my salary? |
I beilieve the income tax is illegal. Is it manadatory that federal income taxes be deducted from a person's salary? |
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Rob
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It is mandatory that an employer withhold based on the information you provide on your W4, If you claim exempt from having Federal Taxes withheld the IRS can issue a lock in letter after making a determination based on the taxpayer's Form W-4, the Service could issue a notice, commonly known as the "lock-in letter" . This notice directed the employer to disregard the taxpayer's Form W-4 and withhold using the marital status and number of allowances specified by the Service.
The employee will face a Fine of $500.00 for filing a fraudulent W4
Per Internal Revenue Manual IRM 5.19.11.3.4.1 |
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sword856
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I would just like to say that you can't "believe" something is illegal. That is not up to your beliefs, it is a fact. The income tax right now is not illegal, and saying you believe it is illegal just means you are wrong. You may WISH it were illegal, however. |
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bostonianinmo
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Yes, tax withholding is mandatory.
You can only claim EXEMPT status on your Form W-4 if you had zero tax liability last year (by the IRS' rules, NOT yours!) and expect to have zero liability this year (again, using the IRS' rules.) Your employer is also required to notify the IRS of any apparent fraudulent withholding exemption claims and there is a substantial penalty for filing a fraudulent Form W-4.
Tax is due when the income is earned, not on the filing deadline. That's the reason for withholding from wages or the requirement to pay quarterly estimated taxes on income not subject to withholding.
You can "believe" that the income tax is illegal all you want, as long as you pay it. There is a boat load of legislation and case law that clearly refutes any argument you may care to raise but you're entitled to your opinion, misguided as it may be. |
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Homeslice
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You may make such a request. However, it requires a formal written request on a prescribed IRS form where you certify that you will owe no federal taxes for a specified reason. |
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Wayne Z
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You believe wrong!
Per the Constitution, a federal income tax is perfectly legal.
Many, many people have tried to claim otherwise but not one has been successful in getting out of paying the tax. Some have claimed they were "....too stupid to understand..." and some of them have avoided jail time but all of had to pay their taxes along with penalties and interest.
Pay your taxes. You will be much happier in the long run! |
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I'm 1 up on you!!
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You cannot request it if your state requires that you pay state taxes. If you are in a state that does not pay state taxes and you are getting them taken out then you should talk to your employer or IRS and get that fixed. |
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Robbert Hobbemeister
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You CAN claim exempt on the W-4, which would avoid having federal taxes withheld, but not FICA and Medicare, you can't avoid those. In addition, if you owe taxes on tax day next year, if you failed to have withholdings from your check, you will owe penalties and interest. You must pay in either 90% of the total you owe, or 110% of the amount you owed last year, which ever is lower, to avoid penalties and interest. There is an explanation of filing exempt on the W-4 form you fill out, read that. |
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smartypants909
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You can claim exempt from withholding, and they will not take any taxes out of your paycheck, but you are still responsible to file each year and pay what you owe, whether you feel its legal or not. |
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soccerref
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Nope.....sorry. Regardless of whether or not you believe it's right, federal taxes are a mandatory item. Same goes for medicare and FICA taxes (even though medicare isn't likely going to be around for those people under the age of 40 who are paying for it now).
You can, however, adjust your exceptions on your payroll so that you get more back each pay period. That means that the federal government takes less out of each paycheck but that you'll most likely owe when it comes to tax time. Just make sure to allot for your payment come April 15th......they lean heavily on people who owe taxes and don't pay. |
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