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 No stimulus check for me?
Greetings,

As of today 5/02/08 I have not received a stimulus payment from the government. I did use direct deposit when I filed this year. Is it a logical assumption that I won't be ...


 I owe irs am i still eligable to receive stimulus?
The irs is garnishee my disability checks, Can i still apply for a stimulus check and have that amount deducted from what I owe?
I know I still have until sometime in Oct 2008.
Thanks for ...


 Roth IRA question?
I want to open a roth IRA, but have no idea where to start, should I open up an IRA in a bank or online somewhere. Also do you have to pay income tax on the interest received every year? What are ...


 WHAT DO I DO IF I DIDNT GET MY STIMULUS.... what now?
Well simply put i made about 6k last year with my part time job so i do qualify and i am no a dependent by any means as i did file my own tax return. however i still did not get my tax return and ...


 McCain's tax return?
McCain's wife won't release her tax return as she files separately because she is worth more than 100mil. McCain only claims 405K. Is this the kind of person we want to continue running ...


 1099 what happens if you do not include on your taxes?
What happens if I do not claim a 1099?What are the chances of being caught.I made about $3000.00.I would like not to claim just found out I am being 1099...


 Do you have to fill out a new w 4 tax form every year?
...


 Has anybody had trouble with theie tax credits?
...


 Why have I not received my stimulus payment?
I signed up for direct deposit, my last 2 digits of my ssn end in 31 and I have not received any direct deposit (supposed to be no later than May 9). anybody else w/ problems? i didn't get a ...


 I need Tax Id Number but not sure what kind or how to obtain one, got an answer for me?
Farmers market sell garden and baked goods without taxes but all other goods need Tax Id Number, What kind of Tax Id Number do I need for this?...


 Can we both file head of household since we each have a kid and are unmarried?
My boyfriend and I live together. We have 1 child together and he has 1 child from a previous relationship. Whats the best way to file to get the most money back? I worked all year and made the ...


 How much will a person take home from £26,000/year?
PAYE salary.

After taxes how much will a person take home monthly/weekly if their salary is £26,000 per year?

Thank you!...


 Are taxes good or bad?
For a school project I have to write a pursuasive essay about my views on taxes. It would really benefit me if I could get a few oppinions because I really am no tax expert. If you decide to help ...


 I heard their is a way not to pay social security?
Does anyone know how i can do this. I heard that the process is long and tedious but i want to do it. and if you do know how, do you know if thier is ...


 Who do i ask about a shop whose not passing on the new vat?
who do i ask /report a shop to whose not dropped their price due to the drop in vat on goods, as their excuss is they never put their prices up before, yet their prices on a fair amount of goods ...


 I got my Stimulus Payment Today, but not all of it? Will it come later today???
I am married and have to Qualifying children. And my accountant said we were getting back 1800, (600 for Me, 600 for my husband , and 300 for each kid.)
Today is the day the IRS Website said it ...


 Can my husband cash our stipend check without my signature?
...


 Which bank have 1000 branch in india?
1.icici
2.sbi
3....


 How long does it usally take to get you tax back?
...


 Is it better to claim 0 or 4 dependents on your paycheck or at the end of the year??
...



sb_st2004
Do I have to pay taxes if I have large amount of deposited in Bank of America?
I have Bank Of America checking account, and I have a large amount of money transfer from my PayPal ( about over $2000/month ). Do I have to pay taxes although it is not my income?

(I will withdrawal everything right after the deposit, anyway )
                     
 




jillolli
Rating
You'll only have to pay tax on the interest that might accumulate. I transfer from my paypal account all the time. If you are using Paypals money market you will have to also pay taxes on that interest.


Wounded Duck
IF you receive a 1099 form YES!


wartz
You only have to pay tax on your income.


smallbizperson
Rating
You pay taxes on income AND interest earned on money in the account. (If the money coming from the PayPal account is the result of payment for things you have sold, that's considered income.)


Steve
Rating
As long as you can adequately explain the source of the PayPal transfer, then you should not need to report it as income.


Sparky ♥ ∞
I'm an accountant.

One only pays taxes on actual income. Now if the money transfer is a wage or income for some else, that's a different story, but I think you would have mentioned that if so. I assume you're just paying bills, etc.

Best wishes.


efflandt
You may want to search the web for "suspicious activity report" (SAR). Transfers as little as $2000 may be reported if suspicious or frequent. So you would be wise to document your income/expenses and file income taxes.

Other posters with unreported income have suddenly found their bank accounts frozen.


Judy1
Uh, whose income IS it? What's it from or for? You leave so much out of your question that it would be very easy for someone to give you a wrong answer here.


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