 Do you have to claim last years tax refund as income this year?...its already taxed!? |
| it was income last year,,,,,and now they are going to tax it again?......jezuz....this is such a ... |
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 Is this fair? |
| I had $23K with held from my paycheck last year for taxes, and the tax man wanted $5,500 more. That's 28K because I'm a single non-homeowner.... |
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 Federal income tax question....basic question...please help!? |
| When filing Federal Income Taxes, do you round to the nearest dollar, or do you use exact numbers, cents included? My state tax book is telling me when i file state taxes to round. But i've ... |
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 Tax question, I know some places offer you cash back right away when filling taxes, are any good and cheap? |
| cause I want my money nowwww, and i don't know if i'll pay an arm and a leg for this, does anyone have a real answer?... |
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 How do I get a Tax ID #? |
| I have a home daycare and don't want to give out my SS#. How do I go about getting a tax id #?... |
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 Will the tax rebate be based on 2007 or 2006 AGI? |
Additional Details
Just curious how they will determine the income cap at 75K/150K. I'm assuming it may be based on AGI, but not sure how and when they'll determine it (if ... |
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 Should an automotive repair shop charge sales tax to their customers ? |
| In Texas an automotive repair shop that sales parts in the repair of a vehicle, not for over the counter sales but only sales items to be used by that repair shop in their day to day services offered ... |
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 I have a Permanent Account Number (PAN) of someone. Is there any way to know that to whom does that no. belong |
| i don't know to whom the number belongs but its vital for me to know it.. is there any site or any centres that can let me know the detail. its nothing anti-social or against any laws.... |
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 Do I have to pay taxes on land that we are selling that has been in the family for over 100 years.? |
| The land I am selling was given to me by my father & the land has been in the family for over 100 years. Do I have to pay capital gains taxes on it if I sell it.... |
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 How do I find out if I'm entitled to a tax rebate? |
Additional Details
which form do i need to complete? p60, p40, or p50? inland revebue website isn't the easiest to navigate!... |
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 Where do I send My w-2 form to get my income tax??? |
Additional Details
It's not mine it's my boyfriend's but he wants me to do it.
I got scared he would get mad so I lied and told him I already did his taxs for him.<... |
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 How do I find out the amount of my tax stimulus? |
| I've been looking all over online but I just keep finding a form that people have been stating is incorrect. I filed my 2007 tax return with 1040A. How do I figure out how much I'll be ... |
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 Is there a Tax Credit for Hobby? and how is this possible!? (texas)? |
| buddy of mine went to get taxes done, preparer said i can get you $250 back. my bud got upset, tax guy said he actually owed but worked the numbers. my friend then went to another lady that gave ... |
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 If my child lives with me but visits his father on the weekends can he claim him on his tax's? |
| i have worked off and on since the father of my son and i split up, going on 3 years.. the jobs i had, i didnt work much at all about acouple months most, due to some difficulites with son in ... |
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 How many...? |
| My friends hubby just got a job that will pay him approximately 24,000 a year. She does not work and they have 3 kids. He says they shouldn't claim but 1 dependant through the year and the rest ... |
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 How much income tax can I expec to get back if I have a 6 month old baby, who I do not claim as exemption? |
Additional Details
No one else is claiming my child. I make about 2188 a month, but after taxes it is 1542.... |
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Bill | Do I have to report a rollover from a previous employeers 401k plan into my current 401k plan? |
Last year, I rolled over the funds in two 401ks (from previous employers) into my current employer's 401k. I.e., I just went from 3 plans to one. I didn't keep any of the funds, etc.
I received two 1099-R (from the plans I closed). Do I have to report this?
I'm using TurboTax, but didn't see a prompt. I'm thinking maybe I don't, but having the forms & not doing anything with them makes me nervous. :-) |
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tma
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If you received 1099s you would report the gross distributions on line 16a of Form 1040. You would put 0 for the taxable amount on line 16b. Write "rollover" next to it. |
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ninasgramma
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You need to enter the information into your return.
The question would be something like "Did you receive retirement distributions?" If you enter all the data from the 1099Rs the program will handle the rollover properly.
The code in Box 12 will be G, be sure to enter that. |
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irongrama
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All 1099s need to be reported, they have been sent to the IRS. You would go to the section on pensions in Turbo Tax and report it there. There is a box you mark somewhere, (I don't know Turbo Tax), but the box would say that it was rolled over. There is also a code on the 1099s showing the type of distribution. It would not be taxable as long as you marked that it was rolled over within 60 days of the distribution. |
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Judy1
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Yes, if you received forms, you have to report it as a retirement plan distribution. When it asks for taxable amount, though, that will be zero. |
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rogeliogreen
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You should go back and do the Turbo Tax dialogue. I believe if you did a direct rollover to the new employer's 401K you do not need to report it. If you took the money and then deposited it you will need to report it. |
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Jeff
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Listen to the first two answers,, right on. |
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k_hart100
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If you received 1099-R's for them then you should report them. All 1099-R's have a code on them. I can't remember for sure which box it is. The code on the 1099's you received for the rollovers will tell the IRS that they are just rollovers. You won't actually be taxed on the money or anything like that. |
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Laissez-Faire Guy
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I used Tax Cut this year. It did have me enter the info from the 1099 from my rollover, but I don't recall if it actually put it on the tax return or not. I too didn't keep any and the withholding was zero. |
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