 If you cash out your 401K and taxes were taken before you received your cash out, how do you file this with IR? |
| How do you file this with IRS? Does the cash out total go with your wages and income? And does the taxes removed go with your federal taxes? I live in the state of Nevada with no state tax. T... |
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 On parole and have an IRS audit that cannot prove? |
| I know someone that is on parole on drug related issues and they have an IRS audit that they just received from their taxes last year. They claimed someone elses children and gave that person money ... |
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 Who can legally claim my sisters kids? |
| ok, this is the situation, my sister has lived at my parents for the past 2 years WITH her 2 children, she doesnt work, she is still married but her and her husband dont live togehter. he basically ... |
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 My Mother got her stimulus chech on saturday.? |
It was a total of 600.00 her last to of her ss# is 07 so checks are coming. Has anyone else gotten theres already? I am expecting mine soon cause the last 2 of mine are 11.
Additional Details
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 If my gross pay pa is £35000 (UK) and my personal allowance is £6000, will I have to pay 40% income tax? |
| The HM Revenue site states 40% tax on income of over £34,800, but it is not clear if this is nett of personal allowance. Thus if my pa is £6000 my taxable pay is £29000, or does it mean 40% is ... |
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 I dont understand why I'm only receiving $600 in my stimulus? |
| I made about $5,000 last year and I am a student with a child. I just received my stimulus information and it states I only am receiving $600 dollars. Shouldn't I be receiving $900 since I have ... |
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 Inland reveue sent bill for £7000 but im not self-employed? |
| My husband got a bill from the inland revenue as he has a cis card but has never used it as he works from a company and pays tax and ni through is wages. What sould he do about the letter. they have ... |
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 Can I claim my daughter, who lives with me, she has earned 2600.00? |
Additional Details
she is 20, and a part time student, and she already filed.... |
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 I still haven't received my federal tax refund, what does this mean? |
I filed a couple weeks before the due date in april, I haven't received any response or my refund. What gives??? They would have let me know if there was a problem, correct?
Additional D... |
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 Can my parents claim me as dependent? |
| im 25 was a student in college during 2007 lived with them can they claim me or should i claim myself on my returns? i made less than 3000 on 2007... |
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 If I Inherited a house (paid $0 for it), and sold it 20yrs later for $15M, what will I pay in taxes?Fed/NY/NYC |
The house has been in my family for two generations (I don't know if that makes a difference).
Any guidance would be greatly appreciated, and if I missed any "key info" ... |
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YORLEE | Can You Be Penalized if you report more dependants on your w-4 form? |
Taxes have taken out a lot out of my checks because I claim 0 dependants..What can I do to have them take less so I can receive less? |
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moglie
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You could be penalized if you have a large amount owing...but that's rare for the average worker. I'm going to increase my exemptions on my w4 by 1 tommorrow so I keep my money during the year and do not get a tax refund. |
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Andizzle
 |
you really won't be penalized, but you will end up paying more taxes at the end of the season. the more you let them take out the higher chances will be they will owe you money. |
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frichalf
 |
the only way you get penalized is that you may have to pay your taxes at the end of the year or send in estimated payments through out the year. as far as I know you can claim as many as you want. |
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Judy1
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Allowances are for more things than dependents - can be for credits or deductions also. When you sign the form, look at the line above the signature - you are declaring under penalty of perjury that what you have on the form is true as you know it.
That said, if you claim more than you are entitled to, you might have to pay when you file your return, but won't pay penalties unless you owe more than $1000.
And by the way, unless you are a dependent, you can claim at least one allowance, for yourself. |
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mylero
 |
I think anything past 10 you have to prove. You may want to check with the IRS. |
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angel_nurse82
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You can fill out another W-4 to figure out how many dependents you can claim, but you will probably end up owing taxes at the end of the year. The more you have taken out of your checks, the more you get back--I consider it a yearly bonus. |
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Betsy
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you can claim yourself on your w-4 which is what most house holds do. then at the end of the year claim the rest of your family. But really you can claim all your family all year but that would result in possibly owing the gov... that doesn't sound fun... |
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Beyounce
 |
No.
In fact the IRS want you to claim the amount you
figure that you are entitled to. So they will not have
to return you any money.
But remember way back in the olden days, in Detroit
when the auto workers claimed exempt or 99 dependents
and everybody got zonked.? (chuckle)
Well they checked everybody else too. It was a great big
scandal.......they checked me and I told them how many
kids, houses, deductions I had and they allowed me 22 exemptions.
If you claim exempt and you are not, they will shake their
finger at you and say naughty naughty and tell your
employer what to change you to. |
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AM-NM centaur
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See IRS Publication 919 and complete the worksheet to determine the appropriate number of exemptions to claim on your W4.
http://www.irs.gov/pub/irs-pdf/p919.pdf
See pages 7-8. |
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