 Do employer's have to pay taxes? (from their own money?)? |
I know they pay the IRS a percentage from their employees paychecks... but do employers have to pay taxes of their own?
If so, what %? (for Los Angeles, California)
If I hire an ... |
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 I have $25,000 in medical expenses from 3+ years ago, can I claim these on my taxes? |
| I had surgery back in 2005 and the insurance I had refused to pay it, so now I have $25,000 in collections. Is there anyway to put these on my taxes now, or should I have done it back in '05? I... |
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 Do you think we pay to much council tax??? |
I do! why dont we brits stick together and get rid of it like we did with the poll tax back in the 90's.
This GOVERMENT SUCKS.
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I live on the south coast and ... |
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 How do you figure sales tax on an item? |
| I just started selling avon and its 7 percent here where I am in Nebraska. How do I figure in sales tax for my sales?... |
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 Money Question? |
| What qualifies income as taxable income? What if I was just given $30,000?... |
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 Babysitter will not allow me to claim her wages on income tax...what should I do? |
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This is in response to "W", the person that asked me to define babysitter:
Why should I have to define "babysitter"??? It already has a ... |
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 Has anybody actually gotten their Tax Stimulus? |
just wondering?
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mine is 84. my moms is between 00-20 and she doesn't have hers either??... |
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 INHERITANCE - Help required.? |
My Grandparents are both in their 90's and have stated for a long time that they wish to leave their house to my wife and I when they die.
My uncle (their son) has said that he will ... |
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 If i'm single, rent, no dependents.....etc, does it matter where get my taxes done? |
| in the past 3 years, i did my taxes online (hr block) twice and went to jackson hewitt last year. i'm a single male, rent, no military background, i don't expense anything (at least i don&#... |
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 Filing late income tax returns for a deceased father HELP PLEASE!!!? |
| My father recieved a letter from the IRS stating that he did not file taxes for 2006. Actually I have the letter because he passed away in October of 2006. I did not file after getting advise from ... |
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 Anyone know about capital gains tax? |
I bought a house for my Mum & Dad to live rent free in their retirement. Both have now passed on, leaving me with a house to sell.
Will I have to pay CGT on the profits? Purchase price was ... |
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 Getting screwed by the I.R.S. help? |
| 2001 i owed 1k , 2002 owed 3k and 2005 owed 1k. did not recieve my first letter until 2004 stating i owed. have been recieving letters requesting payment in amount of 10k as of january 07'. rec&... |
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 Stimilus check question... please help!!!? |
| When I go to the status thing on the website for the IRS it says how much our rebate is and when it is supposed to be deposited, but it also says at the bottom, please note, you may receive some or ... |
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 Tax return question. What should I enter in this field? |
It says "Enter the amount of any tax year 2006 state or local income tax refunds:"
I don't understand this, would someone explain this to me in normal human language.... |
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funnybunny | Can my parents claim me for 2007? |
I moved out of state from my parents in the beginning of January, and turned 19 years old in February. I have worked full time since then, and I will be going to school in summer and fall this year. Will my parents be able to claim me on their taxes for 2007? |
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Judy1
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No, they won't be able to. You didn't live with them for over half the year in 2007. The "temporary absence while at school" wouldn't apply for them since you've already established yourself as living somewhere other than with them.
Some of the other answers you got here are wrong. |
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ninasgramma
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You are not a dependent of your parents in 2007.
The two types of dependents are "qualifying child" and "qualifying relative".
To be a qualifying child of your parents, you would have to live in their home for more than six months. Since you do not intend to return to their home, your absence to attend school does not count as residence in their home. Conclusion: you are not a qualifying child.
To be a qualifying relative of your parents, you would have to earn less than $3,400 in 2007 and your parents would have to provide over half of your support. If both these conditions are met, yes, your parents could claim you. However, since you say you are working full time, you have earned more than $3,400 and cannot be a qualifying relative of your parents even if they provide you with over half of your support.
My advice is to file your tax return as early as possible in 2008. That way, you won't have to deal with the messy situation of fighting with your parents over your personal exemption. File, then tell your parents, if you wish, that you filed your taxes and claimed your own exemption since you earned too much to be their dependent. |
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STEVEN F
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One test for claiming you as a dependent does not appear to have been mentioned yet. If you provide at least 50% of your own support, your parents can't claim you under ANY circumstances. When determining if this applies, remember that tuition counts as part of your support. Other support items include, housing, utilities, food, and transportation. How much you EARN is not important for the support test. If you save everything you earn and your parents pay for your support, they provided 100% of your support. |
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bostonianinmo
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Depends. You haven't provided quite enough information to give a definitive answer.
If your out-of-state move was a temporary absence to attend school (you don't mention if you were attending school while working full time) then you are considered as living in their home for the time since January. In this case, if your parents are still providing over 50% of your support (another item not mentioned) then they probably can claim you as a dependent.
On the other hand if your move was not related to school and you live out of their home for more than half of the year they can no longer claim you as a dependent. In this case they could only claim you as a dependent if you make less than $3,400 for the entire year and they provided more than 50% of your support. Being employed full time since Januaury makes that highly unlikely. |
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Sunburned:(
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I read on this page that you must be under 19 at the end of the tax year so last year they can but next year for the tax year 2007 I don't think so. Unless you are a full time student and then it is different. If you want to claim yourself I suggest telling them not to because you are claiming yourself and they will be screwed unless they prove they can claim you. But in a nice way you know? |
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mdk
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What I did with my daughter was, figure out our taxes both ways, her being claimed by me, or her claiming herself. I compared the results, and if claiming her meant her paying but me getting a much better refund, I'd claim her, pay her taxes, and give her what she might have received.
You can do that. There's nothing patriotic about paying more than you have to. |
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SCH
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If your parents pay for your college it is better for them to claim you on their taxes than for you to claim yourself as they will recieve the better tax benifit. You need to discuss with them what they plan on doing before you file. And you all need to decided who will recieve more of a benifit of claiming you. By paying for your college you are considered a qualifying child of your parents. This is regardless of how much money you have earned over the summer.
When my brother was 19 he worked full time and my parents paid for college. At tax time he claimed himself and my parents also claimed him. Due to this my brother wound up having to retun part of his tax return because he was overpaid. |
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TAT
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Yes.What's worse is that you have to use their income to base financial assistance requirements so they might as well claim you. |
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You ask, I answer
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if they support 50% of your living expenses, then yes. |
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