 My wife & I will get 60K from a brother for down payment for a condo, how would we do it to avoid gift tax? |
| My wife's mother has lived with us for many years, recently her brother made an offer to "reward" us for taking care of the mother: He will give us the down payment to buy a house for ... |
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 Can anyone help me out with Simple UK Tax thing?? |
Last year( from April 2007 till March 2008), my gross earning is £7399.46 where I paid £1413.19 as Tax and £478.97 as NI.
Am i taxed normally?
If not, where do i complain? will i ... |
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 How do you plan to spend your tax rebate? |
I am thinking, GAS, GROCERIES and BILLS.
HOW ABOUT YOU?... |
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 I just want to know how much I would get back from taxes if I claimed my son...? |
| I only worked for 5 months the total of money I earned is 4 thousand dollars? Anyone know doesn't have to be exact amount? just a guess? my son is 3 and half year old..... |
|
 I called the IRS hot line? |
| something to the effect of they could not find any info about my rebate, and something about may 16 anyone else get this?... |
|
 I get emails regarding business set up where i have to process checks for an international company from its cu |
customers in the US. Keep 10% and send rest to the international company thru my bank account. Is this legal business or money laundering scheme.
Suggestions?... |
|
 Tax rebate? |
| I know theres probably a million of these, but I keep getting different answers from different sites. I am a college student...I do work and file taxes. I meet the minimum $3,000.00 a year limit...BUT... |
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| Tax help! Why do my hubby & I always pay more federal taxes?!!? |
| Every year, we get the shaft and have to pay...and it's always a lot (federal taxes). What are we doing wrong? We don't make a lot, it's just me and my husband. We used turbo tax so we ... |
|
 WHAT is A GREAT INCOME IN THE UNITED STATES? |
| Hi i was wondering what is a great income in the united states , if a person wants to live a great life..not good..GREAT? what is a yearly great income?... |
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 Do I file my taxes as married or single since I got divorced in November 2006? |
| I also have a son that lives with me, so shouldn't I claim head of household? I am not good at taxes and I want to make sure I know what to ask for before I take mine somewhere!... |
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 I need a loan for 2 million to pay off IRS back taxes. Is this possible? |
| Old taxes from years ago but IRS is getting anxious for the money. I own a business that is doing well and do not owe any current taxes. Just want them off my back. Hopefully we can compromise on ... |
|
 What is Inheritance Tax? |
| Yesterday in the mini budget Mr Darling increased Inheritance Tax from £300,000 to £600,000, what is this tax and how will it affect the average ... |
|
 I havent done my Business Taxs in 2 years....? |
| ... and Just recently got a letter saying if i dont do them by the 24th of oct. They will send me an estimate of how much they think I owe and add penalties. I have allof my receipts just stuff in a ... |
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 I filed my taxes and got a refund.... but I never received my stimulis check.. No info on computer? |
| I want my stimulus check!! I filed my taxes but received no check. I checked the computer site but it says no info available. Who do I ask? Where do I go?... |
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jean | Can i claim my parents as my dependents? |
since they don't work, do they need to file any tax forms?
they are living with me and have no income, can i claim them?
in 2008, when they reach 62 and collect about 200-300 dollars/month, will they have to pay tax on that or file any forms? will i be able to claim them as dependents? |
 |
 
HamTownGal
 |
Yes you can claim them as dependents as long as you provide half of their support, which your question indicates you do. In 2008 it will depend on what their income is. Will it be 200-300 each or together? If they don't make enough to have to pay taxes or get anything back, you can claim them or if they're getting money back they can file but not claim themselves and you can still be able to do that. |
|
AmusedOne
 |
You most certainly can....
Go to IRS.GOV and type in dependants... there you will find the many types of dependants you can claim, and to what extent you can claim them. |
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taxmannyc
|
Yes, you can claim them as dependents as long as you provide over half their support. You can also claim head of household status if you are not married. |
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mml619
 |
i believe you can claim them if they are living with you and you pay more than 50% of the household expenses. and i do not believe the have to file income tax returns when they are collecting $200-300 a month. but check with the person who does your tax returns. and if that person is you, if you go to h&r block.com they can pretty much walk you through your return and it is really cheap!! |
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natajoromero
|
If they don't work, and leave with you, course you can |
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STEVEN F
|
Yes, you can claim them as dependents. The instructions for any Federal tax form will have details. The primary requirements are providing at least half of their support. SSI is only taxable is they have earned income above a certain amount. In your case, they don't have any. |
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la_nena_sabe...
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Of course, you can claim them as dependents no matter what their age if you provide at least 50% of their sustenance [housing, utilities, medical care, food, clothing and the such]. As for the Social Security benefits they'll receive when they turn 62, this income is not taxable, i.e. neither they not you need to pay any taxes on that money. I used to claim my mom as dependent when she divorced my dad and was living with me [she was about 52 at the time], because she didn't have any income of her own. Good luck, and hope this information has been of help. |
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Surf n' Snow
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ya |
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exocet 75
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make your own money dont ask for charity, its the same advice that you gave me... |
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