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 Stimulus check sigs?
Would a stimulus check require both signatures if the return was filed jointly?

We filed jointly and are now getting divorced- I have been told that he received the check ( it is suppost ...


 Is it OK if my employer does not give payslips?
I have just arrived to the UK and I got a job but am not familiar with the system here. I know taxes will be deducted from my pay. I have not applied for a NI numer yet. Now then, something that ...


 How do I find out if someone is collecting SSDI benefits?
...


 If you receive a salary of $32,000.00 a year, how much is that an hour?
...


 How do you give cash as a gift?
i gace my step mom 500 as a gift how do i do that so i can claim it in tax. i can i gice that cash as a gift
Additional Details
how can i give her the money as a gift so i can claim it ...


 My former employer says i owe them money and wont release my w2s.?
Can they really hold my w2s . Is that ...


 Which bank is better for opening NRI account : Indian Bank or ICICI?
...


 Around this time last year H&R Block offered loans that they take out of your refund.Are they doing that this?
year?I only had to take my check stub in and got a 500.00 loan.I live in ...


 If a credit card has been reported to the IRS for non-payment, can the IRS take my tax-return when I file.?
I have credit cards that are being reported to the IRS for non-payment. When I file for my taxes and get a return back, can the IRS just take that money and apply it toward my credit card debt.
<...


 I pay my friend to watch my son and I pay her everyweek, how do I write that off?
I pay her in cash, how do we claim that on taxes? do we need documentation? She is just a family friend, she doesn't have a special licencing for it....


 Inherited and sold a house, do I pay income tax on this?
A computerless friend of mine lost her parents this year and inherited her parents house throught a pre-signed quit claim deed. She has since sold the house and banked the money. Does she have to ...


 Employer of 6 months has not paid tax to IRS, though they withheld it from me. Who is responsible to pay?
It's a new company and it was recently discovered they did not pay the IRS the taxes they withheld from all employees paychecks. Unfortunately, we have not been receiving pay stubs (I have 3 or 4...


 Do I need to pay tax if I want to start selling things on ebay professionally?
If so, how do I go about doing it?
Thank you ...


 Full Time - Tax?
I'm 17, been working at my job for the past 3 years.. 2 and a half as part time, 6 months as full.. and im yet to get taxed.. i get paid monthly..

i think its the best thing to own up ...


 Tax Q.. Please reply if you are a tax expert!?
Let say if i made $ 14K this year. I paid $6000 in tution for my college. I m single with no dependent. Would I be eligible to have some money back (lumpsum).
Also if someone can explain what ...


 I Wanted To Know When I Would Be Getting My $600 Tax Reabte?
the last two numbers of my social security # are 77 i know its in may but i wanted like a date thanks ...


 I got first paycheck and I lost 8.5% of amount to Social Security, Medicare, disable taxes! can i get it back?
I got first paycheck and I lost 8.5% of amount to Social Security, Medicare, and State-disability taxes! can i get it back? why is the gov't robbing me of my hard earned money? I am a college ...


 How much does the average American pay in taxes?
I'm doing a paper for school and does anyone know how much the average American pays in taxes/...


 How do I cheat on my taxes?
...


 Do i have to pay tax when i buy something out of state?
had one company charging me sales tax (ToysRUs) and the item is being shipped of OH. another company isn't charging me tax (Rightstuf) and they're shipping from IA. so what's the ...



Ralph D
Do I have to pay 2008 property tax in 2008 to write them off or can I pay them in 2009?
The taxes aren't due till early 2009. Don't know if I pay them in 2009 if I can still write them off for 2008 tax return.
                     
 




sumbumblebee
Rating
Tax returns are cash-basis. That means the IRS only cares, specifically, about what you actually spent and made in a current year. So if you pay your property taxes in 2009, that's when you can deduct them- on your 2009 tax return.

A lot of people fudge on this, though, regardless of what they should and shouldn't actually be doing.


Judy1
You can only deduct them for the year when you actually paid them.


bostonianinmo
You must pay them in 2008 to take the deduction on your 2008 return. If you don't pay them until 2009 you'll have to wait until 2010 to take the deduction.


Gertie
If you pay them in 2009 you can't claim them on your 2008 Return


Chris A2
Assuming you are talking about your own personal tax return, you take the deduction in the year that the taxes are paid.


xtraheavy01
Rating
Ralph,

You are a cash basis taxpayer with certain exceptions.

If you pay the taxes in 2008, you get the deduction in 2008.


CarVolunteer
David Z. is wrong. You can't deduct tax escrow paid to lender. That is still your money until it is paid to the taxing authority. There are circumstances where you might put money in escrow, but no taxes will ever be paid.

As an example, we closed on 9/1/1972 on a new house. We made 4 payments including escrow that year. Because of when the subdividing of the property was recorded, there were minimal taxes due for the year, and the builder paid them. If we had sold 12/31/1972, our escrow would never have been used for taxes.


David Z
Rating
You get the deduction in year you pay them.

If you escrow them with your lender then you can count them as paid when you pay them to lender. It would not matter when your lender paid your tax bill.


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