 Why should I pay a Tax on my Labor? |
Additional Details
OK, if the LAW says that I MUST pay a Tax on my Labor, Labor = Wages, then where is the LAW? Can you show it to me? I work for myself, I do not have my taxes deducted ... |
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 Why hasn't my refund show up yet? |
On there IRS Website where you can check the status of your refund, it states that my refund was direct deposited into my account on April 20th, 2007.
My refund has not shown up on my bank ... |
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 Are savings accounts taxed like normal income? |
| For example, if I have $500,000 US dollars and deposit it in an interest bearing account earning 5.0% per year, by the end of the year the interest paid into the account would be ~$25,000. If you ... |
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 Inland revenue charging me unfairly, what to do? |
| I have been sent a £100 bill by the IR, followed by another £100 bill and this is because they say I have not sent my tax return to them. I sent it by recorded delivery but they said they did'... |
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 My dad has not filed his w-2 forms in like 8 years, what does he have to do to fix this so he can file again? |
| Because i need to file my fafsa and i cannot do it because of this, and i dont have any credit to get loans for college, and its really hard to save money for colege when i have bills to pay, thank ... |
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 I give money to my mom on a monthly basis but she is in Mexico, can I claim her as a dependent eventhough...? |
| I give money to my mom on a monthly basis but she is in Mexico, can I claim her as a dependent eventhough she is not an american citizen?... |
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 Quarterly Tax Payments? |
I'm a student who is working a few jobs (2 of which use 1099's). Last year (2006 tax year) I brought in about a $17 tax refund.
I'm planning on paying quarterly tax ... |
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 Where can my mum find out her national insurance number? |
| She now needs it and has no record of where it could be. She has been a housewife for most of her life so it is not on any payslips or anything else- any suggestions would be great, ... |
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 Is working 30 hours a week classed as part time? |
| my mum seems to think so, i dont think it is.... |
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 What Law states the IRS has the right to collect taxes ? |
| I have not been able to find ONE simple statement from Congress that gave the IRS that right ! Besides, the IRS being an independent corporation -... |
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 Should homeless people fill tax income papers? |
| Legally speaking, not logically speaking, is it legal to be a homeless people and to beg for money like that? And if it is, are they legally supposed report any income and pay taxes on it? I know ... |
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 How good is turbo tax?? |
| are there any problems with it? is it fool-proof? we want to do our own taxes this year and were thinking about using it.... |
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 I asked a similar question yesterday, but...? |
| If I am already making payments to the IRS through payroll deduction, will I get either my STATE or FEDERAL income tax return?... |
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 First year not doing 1040EZ, What tax form do I need? |
This is my first year not filling out a 1040EZ form, and I do my own taxes.
Married Filing jointly, Spouse is stay at home parent.
1st Child born 2007
Under 50k a year
A... |
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L K1234 | Can you pay a current employee off the payroll books as unreported income if it remains under $600? |
If we have people that we have as employees on payroll can we pay them additional wages off payroll and not have them be taxable as long as it remains under the $600 limit? |
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misslabeled
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Nope. It's called fraud. Plus, if they are employees subject to withholding, then you cannot simply opt for them to be paid as if independent contractors, which is wher you get that $600 figure. Contractors are paid full wage reported on 1099. It's not up to the employer to decide an employee is a contractor. There are criteria set in place by the IRS.
And you would do a HUGE disservice to your employees should your little scheme backfire and they get audited. Trust me, they would not hesitate to turn YOU in for having hatched such an illegal plot. Not only would you be audited as well, but then subject to fraud. |
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john
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Absolutely not! |
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Jay B
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If you're any kind of business person you ought to hire an accountant,contact your Attorney General's office and check out employment laws, or pay $200. and go directly to jail! |
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Mathew
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Which part of tax fraud did you not understand? When you arrive in the Federal Penitentiary ask them to get you a few books on tax law from the IRS. |
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tmills883
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NO!!! It is considered tax fraud. Any company has to account for every penny they pay out. If they pay you off the books they have to account for that money. How are they doing that? If they get audited by the IRS, they are in serious trouble. Technically, though it doesnt happen, if you go an mow someones lawn for $100 dollars, you are supposed to report it to the IRS. You could be audited as well and have to explain where your income is coming from. |
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awaken_now
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hello ...All income is reportable income, on or off the books... law!
The limit for SE Tax (Self Employed) to be paid (15.3%) starts at $400 not 600. This requires a 1099 misc form from the employer (who will need it for the deduction on his business income tax). The recipient pays the SE tax as well as income tax for money over $400 he receives. If less than 400 it goes on line 21 of the 1040 as 'other income' and income tax is figured in but no SE tax is due.
And NO to you issuing a 1099 misc to a payroll employee if that employee is doing the identical work. If it is different work and the person supplies their own tools and can do work when they choose to, not you, then you can take them off the books and pay them as a self employed contractor...and issue the 1099.
Hope this helps..Good Luck |
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Barkley Hound
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Of course not. Income tax is not the only required tax. What about social security tax, medicare tax, disability insurance, workmans compensation? |
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Steven S
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yes, 600-800 |
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