 Home mortgage interest (taxes)? |
| I have had a mortgage since 2004 and I've never had my mortgage interest deducted from my taxes. Is there a way to go back and have '04 through '07 deducted on one return? Or did I ... |
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 Do more taxes come out of overtime hours? |
| I work for a communications company and everyone claims that over-time and double-time hours are taxed at higher rates? I have never taken the time to sit down and run the numbers, so I decided to ... |
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 2008 Stimulus Tax Rebate i need help? |
| what do i do? I filed my tax back in January and had them direct deposited. Well do to recent fraud and Identity theft ( I know right a great way to start a year) my bank account is now closed. how ... |
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 Can you claim an unborn child on your tax return? |
| My mother in law said that her daughter does this and she should know because she has a ton of kids (she is married and Mormon...will pop them out until she can no longer). Don't you have to ... |
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 How many of you did not receive the stimulus checks from the gov. because you owed on a student loan? |
| I was really curious about this one! How many of you heard them say "we don't want people to use this for their bills we want them to go out and use it in the stores and stimulate the ... |
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 When you loose children and claim them on your taxes...? |
| in 06 I had a baby and she passed a month later in 06 when I claimed her on my taxes I thought that I got about $1,000 for having a child and close to $1,000 for her passing away. Now I had the same ... |
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 Two jobs what happens about the tax? |
| Im in full time employment but i want to get a second Job with an agency they told me i have to pay emergency tax permanently is this true?... |
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 I just started working as an independent contractor/sole proprietor and buy my own health insurance.? |
| It is my understanding that I may be able to include the cost of the insurance as a business expense if I pay for it as part of my business. I have not incorporated or anything like that--I just ... |
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 Can the IRS take your house away if your living in it? |
| Is there anything they can't take or do? I have a friend you had a contract job and they only took out state and she didn't know that. Now she's in debt for 6k. Do they look at your ... |
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 Where can I complain about a store that I know doesnt pay tax? |
| I know of a store manager that doesnt pay tax. how do I complain to the IRS and get him busted?... |
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 Is the day coming when the Government just allows us pocket money? (UK)? |
So much income goes in tax and overheads it could be easier for them to take the lot and give us our spending money!!
It's very dispiriting to pay direct and indirect taxes on so many ... |
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 Unpaid council tax? |
| about 5 years ago I lost my job and moved out from my flat into a friends place, it has just occoured to me that I had some council tax to pay but moved out beofore I paid it. I looked at the council&... |
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 Will the IRS come after a spouse money when the other spouse has not filed taxes? |
| My little sister married a real loser last year. The guy has not really worked steady and now to make matters worse she just found out he has not filed in three years. Will the IRS garnish her wages? ... |
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 I had filed my tax return of 2005 myself through electrinically but there is mistake . what can i do now? |
| i had filed my last year tax return but i do not know why its mistake. there is 0.00 in my income and actually there should be some amount. what can i do in this situation . IS it consider as fail to ... |
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 What does the tax delay really mean? |
| I heard that there is going to be a tax delay in refunds this year. The article said this mainly will effect early filers. Does this mean that people that file in mid Feb (like myself) will be ... |
|
 Stimulus check....? |
| Okay so I've heard a bunch of rumors. According to the easy access information out there, we're supposed to be getting our check direct deposit just like our tax refund. No later than May 9... |
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lbrooks1110 | Do I have to claim money given me by mother in law to help with bills.? |
My mother in law moved in with us 2 years ago and has been giving us $200 a month to help with food and bills. Do I have to claim this as income? |
 |
 
Judy1
|
No, that's a contribution she's making toward household expenses, and isn't taxable. |
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tonalc1
|
No, it's not considered income. |
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alleykhad607
 |
no |
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presleygirl
|
i heard you only have to claim what is 'earned income' more than $3500. for the year |
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STEVEN F
 |
You don't, it is not income. At worst, it would be a gift to you. In that case, it is far below the amount that triggers a gift tax return. More likely, it qualifies as her share of household expenses. |
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Jonny Chicago
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More importantly, the question is how the IRS would ever find out that you were receiving these payments anyways.
Basically, you have to do what you believe to be correct. Believe that its not income and if world turns on its head and the IRS becomes omnipotent and still decides to go after $2400 of income, you'll just have to pay the taxes then because of your good faith belief it wasnt income. (no penalties, no jail time.) |
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Arbee
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Talk to a tax professional, but it seems it might work better for you if you called it a gift rather than income. If it can be called a loan, that changes things yet again. Gift tax is a different rate from income tax. Then again, some states (mostly in the NE) ruin that by taxing the H out of gifts. |
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Bill P
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No. Your mother-in-law can "gift" up to $12,000 per year to each of you with no one having to claim it. |
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