 A co-worker told me about tax exemption. it's an option on your paycheck and you don't pay taxes for a month.? |
| He did it and it shows in his pay stub that he has 99 expenditures. He says there's no down side, but to me it's sounds too good to be true. Is the IRS getting that money back somehow. I ... |
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 If a single person is making 55k, what would his monthly paycheck be? |
| And what is the approximate amount he would recieve in his tax returns.... |
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 What/How do I get Child Tax Credit? |
| I'm divorced and "X" and I agreed to alternate each year with the child tax credit. What is the IRS form that needs to be filled out, and where can I get more info to ensure I do it ... |
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 How can it be that I don't get a tax rebate because I didn't make enough money? I made enough to pay taxes |
| I found out the other day that I wasn't getting a rebate. On the same page the told me I didn't make enough money, it also said that people that made 100,000.00 or more, would maybe get a ... |
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 Is it legal for our accountant to hold our w2 forms without having done anything with it? |
| it has been over a month and a half since my husband and i have sat down with our accountant in order to go over and gather all documents that are needed to file our taxes. my husband called him on ... |
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 Do you have to file taxes if you are underage yet still make income? |
Would you have to file income taxes or property taxes if you make money from blogging?
Additional Details
And are underage (under 18)... |
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 Divorcing and trying to decide to file jointly or separately? |
| I am in the process of getting a divorce. I am a stay at home mom with no outside income. If I file as "married filing separately" will I get any income tax refund. It seems to me that I ... |
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 Why start filling in a tax return this year if there is no tax to pay ? |
| I recently started renting a property out and the income does not cover my personal allowance and I have no other income. I have never filled in a tax return before and would have to pay an ... |
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 When someone gives you money (gift), do you have to pay tax? |
| when someone gives you money or help you out with your bills, do you have tax?... |
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 Can I claim my deceased son on my taxes? |
| My wife and I lost our son due to a placental abrupt-ion last august. She was 33 weeks pregnant. My son was delivered through emergency c-section but only manged to sustain a heartbeat for 30 minutes.... |
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 How long does it usually take to get your tax refund? |
| If I filed my taxes at the beginning of febuary, how long does it take for me to get my tax refund?... |
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franksvalli | Do I have to provide my social security number for contract work? |
I did contract work for under someone for under $1000. He has already paid part of the sum, but he's asking for my social security number before he pays the remaining money. I was under the impression I only have to provide my social security number if he's my employer. I am very hesitant about giving him this information, especially because it's only contract work. |
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Rob
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Business are required to issue a 1099 for any amounts over 400.00. In order for them to issue the 1099 they need your SSN or tax id number. This is usually requested by the payer by them having you complete form W9 to verify your Tax ID number.
http://www.irs.gov/pub/irs-pdf/fw9.pdf
This enables the business to deduct amounts paid to contractors for the funds paid to you |
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Jenna S
 |
YES. I usd to do this all of the time and I had to call people to get their SSNs and their address (to mail to them as well as entering information on the 1099s). I am very hestitant as well to give anyone my SSN but in this case, they do need it. |
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Wayne Z
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Generally.....Yes.
Absent providing a SSN, you could provide him with a Federal Employer Identification Number (FEIN)......but, its a heck of lot easier to just give him your SSN......
If he pays you over $600, he is required by law to give you a 1099. The SSN goes on the 1099. |
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Judy1
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He should have you fill out a W-9 form. And yes, if you're getting paid whether as an employee or contract, you have to give him your ssn.
If you make over $600 for the year from him, he's required to send you a 1099 at the end of the year, and report it to the IRS. |
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bostonianinmo
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Yes, you must give them your tax ID upon request. For an individual, your SSN is your tax ID. Since you are in business for yourself, you could get an EIN from the IRS and use that for your tax ID. It's a good idea to do so, so that you're not sharing your SSN with so many people.
Any business that pays you $600 or more for services rendered (other than as an employee) in any year is required to file Form 1099 with the IRS and give you a copy. Form 1099 must have your tax ID on it. Many businesses will hold payments hostage if you have not provided your tax ID. Since you're not an employee this is a purely civil matter.
When you file your tax return, the IRS will cross check your claimed income against any 1099s that they have on file for you. |
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John B
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Businesses paying more than $600 in services to an individual need a tax ID.
If you don't feel comfortable providing your SSN, you can apply for an EIN with the IRS. Fill out a SS-4. There are different ways to submit the completed information: online, mail, or over the phone.
Once you have your EIN, submit that to the person requesting a tax ID (fill out a W9).
To make it even easier come tax time, open a bank account using the EIN. Opening a biz bank account is one of the common reasons self-employed persons such as yourself apply for a separate tax ID.
Good luck... |
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rhett_madison
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NOPE |
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vangorn2000
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No, you don't have to give him your social security number. All that matters is if the contract you both signed between you says that you do X amount of work for him for $1000 dollars, and you did the work to satisfaction, then legally he owes you $1000. Period. Withholding the money is illegal, and if he doesn't pay you, you should take him to small claims court...you would be virtually guaranteed to win, since he's already paid you part of the money. |
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linda
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I am a small business & I hired a LLC to do work for me last year. I failed to get their Fed ID # or social security #. Now I nned their number for a 1099, but they refuse to give it to me. I have the name of the LLC and their address, can I just file without their number and mail their copy to them? |
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