 Can i claim my parents as my dependents? |
since they don't work, do they need to file any tax forms?
they are living with me and have no income, can i claim them?
in 2008, when they reach 62 and collect about 200-3... |
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 Tax Error, Can We Go To Jail???? |
| My sister prepared my taxes, she put her name down where it says preparer. She isnt a tax preparer or a CPA. Can we get into trouble for this? Will they even notice? She is really scared because ... |
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 Help! Baliliff problems re council tax? |
| nightmare please help . i moved and went bankcrupt in 2005 i am stuggling to prove that i was not at the address. with the council and got a baliff asking for 1400 by the end of the week he is being ... |
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 Do u do ur taxes every year? |
| I have a friend that never does her taxes and is rich how does she do it without getting in ... |
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 My employer will only pay one months sick pay? |
| I have been off two months and am leaving the company. Today they told me they will not pay a penny for this month according to my contract. Is this right that they can do this and give me nothing ... |
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 New Labour doubles income tax for the poor? |
why do we stand for this doubling from 10p to 20p in the pound to pay for the profligate middle classes?
Additional Details
We all know Labour has stuffed up the economy; now they want ... |
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 I need to know how to claim my son on my taxes? |
| I have no work experience, but I need the money to support my son, and how much will I get back?... |
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 My wife & I will get 60K from a brother for down payment for a condo, how would we do it to avoid gift tax? |
| My wife's mother has lived with us for many years, recently her brother made an offer to "reward" us for taking care of the mother: He will give us the down payment to buy a house for ... |
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 Can anyone help me out with Simple UK Tax thing?? |
Last year( from April 2007 till March 2008), my gross earning is £7399.46 where I paid £1413.19 as Tax and £478.97 as NI.
Am i taxed normally?
If not, where do i complain? will i ... |
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 How do you plan to spend your tax rebate? |
I am thinking, GAS, GROCERIES and BILLS.
HOW ABOUT YOU?... |
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 I just want to know how much I would get back from taxes if I claimed my son...? |
| I only worked for 5 months the total of money I earned is 4 thousand dollars? Anyone know doesn't have to be exact amount? just a guess? my son is 3 and half year old..... |
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 I called the IRS hot line? |
| something to the effect of they could not find any info about my rebate, and something about may 16 anyone else get this?... |
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 I get emails regarding business set up where i have to process checks for an international company from its cu |
customers in the US. Keep 10% and send rest to the international company thru my bank account. Is this legal business or money laundering scheme.
Suggestions?... |
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Mekia R | Do I have to report my rent / utilities payments to IRS? |
This year I'll be filing for the very first time a form 1099. Can I get so type of deduction for my rent payments that I made? |
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Aydens Mommy
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it depends what your getting the 1099 for?
are you working from home? if yes, then yes you can deduct all your household expense up to the percentage of your house u use for the business.. |
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Dances with Aardvarks
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No, there's no deduction for those expenses. Unless you are running a business from your home and can claim a Home Office Deduction there's no benefit at the Federal level. The rules for a HOD are strict. The area must be set aside exclusively for business use and you can only deduct the business portion (usually apportioned according to floor space in use) of the expenses. See IRS Pub 587 for more information: http://www.irs.gov/pub/irs-pdf/p587.pdf
A few states have a "renter's credit" that you might be eligible for but there's no such thing at the Federal level. |
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OFFICER SEXY PEACH
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not that i know of,but i'm not sure |
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paganmom
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If you have a home office then you can deduct part of your rent, however there are very strict guidelines in order to qualify.
I claim a lot on my home, but I own it and I run my business out of it. |
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src50
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No. Not on federal taxes. Some states have a renter' credit for the state return. |
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Jss
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You can deduct expenses that were exclusively for your business.
You are self employed or independent contractor. You will report your income and expenses on schedule C or C-EZ (Form 1040). This income is subject to SE tax at 15.3%. Read: http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html |
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heatherleighann
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first of all, you will be receiving a 1099 not filing one. The form you file with your 1040 is a SCH C.
You can deduct a portion of your rent and utilities to offset the self-employment tax, but only if you have a designated area in your home that is used solely for the purpose of your business. You may want to consult a tax-professional (and there are plenty on here that may be willing to help) to make sure you get all the right information together before filing your return. |
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kwflamingo
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It depends - do you have a home office in your place of residence? A 1099 indicates you were an independent contractor - no taxes, social security or other fees were withheld from your salary. That makes you totally responsible for all taxes and social security payments based on your income listed on the 1099. See a tax professional, like H&R Block - they can direct you. |
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Prophet 1102
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Generally no.
If you are trying to deduct a portion of the rent because you worked out of your home, then yes it's possible, but the IRS is very strict and has numerous conditions. Go to www.irs.gov for further info. |
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