 What about claiming a child on taxes when you pay child support? |
My boyfriend pays child support for his daughter, and he never sees her and he never talks to the mother of the child... (not by his choice)
He pays $300 a month, and they are recently ... |
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 What can I do if I have never filed taxes? |
| I am 36 years old, I have been gainfully employed making $150k plus per year for the past 11 years and I have never filed taxes, I am a W2 employee, and taxes get taken out of my on a monthy basis, ... |
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 How long do you have to keep paper records of your bills for tax purposes? |
| I would love to be able to shred a lot of the old ones. I have no storage space to speak of. I get a lot of my bills online and in paper and I am a little hesitant to just go paperless...... |
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 Has anyone received there Stimulus Check yet? |
| I have heard that people are starting to receive there Stimulus checks is this true?... |
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 Who thinks like me about the smoking ban in the uk? |
| I think that there won't be a smoking ban in the uk for very long because the goverment will lose too much money by doing this because less and less people will stop buying ciggarettes etc and ... |
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 P45: Can I claim I lost it? |
Dear all,
I am a very educated person, but unfortunately credit crunch has affected every position in the banking sector. However, I managed to get hired at Starbucks as a Barista. I am ... |
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 Is signing a spouse's tax refund check considered forgery? |
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without permission or even being shown the ... |
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 Do you have to pay tax on inheritance? |
Do you have to pay income tax on inheritance under 50,000?
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live in clorado is there a state tax it is part life insurence and part money from selling a ... |
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 Irs stimulus rebates, is it a load of crap or what? no way you can get $1,200 as a couple filing jointly? |
Myself(and my wife) both combined earnings are less than $10,000 never mind $150,000 but we filed jointly and were told to expect only $600
Relatives of ours also who earn way way less ... |
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 UK - Council Tax. I'm sure I am paying too much? |
| I live in a new build flat and pay £130.00 a month (think it's a band C)and that's supposed to be a single person's allowance. Spoken to a few friends who live in houses with families ... |
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 I was paid cash to do work on my parent's house. Should I include this on my taxes as "WAGES EARNED"? |
or do i include it as a miscellaneous income? I am currently doing my taxes on TurboTax. Please help, i dont want to screw it up.
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If I add this on TurboTax as WAGES it ... |
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Tammy J | Do I have to report taxes when recieving check from employee in another country? |
I have been offered a job as a personal assistant for a company that is based out of china and I live in the u.s.a. They plan to pay me $500/week but I don't think they are deducting any taxes. How do I know how much to put aside so that when tax time comes I will have the funds available if I need to pay taxes? |
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michael s
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Yes, you are required to report all sources of income. Being that this company is headquartered in China, no income will be reported to any United States Agency. However, the income you will be receiving will be treated like self employment income and be subject to social security taxes. Assuming you started in mid May and work until the end of the year: 34 weeks x $500.00 = $17,000.00
Being that this is self employed work, you may have some expenses you can deduct thus lowering your tax. Look at Federal tax form: Schedule C
1) Social Security Taxes
$17,000 x 6.2% = $1,054.00
2) Medicare Taxes
$17,000 x 1.45% = $246.
3) These two taxes are known collectively as FICA taxes.
You can expect to pay (assuming you do not deduct any expenses) FICA taxes of $1,300.50 to the Feds. Half of this amount, $650.25 will be deducted on page 1 of your federal tax return: One-half of self employment tax.
You did not state marital status, state of residence or the number of exemptions claimed. So it will be impossible to figure an estimated federal tax or estimated state tax. But I would recommend making estimated payments so that you do not get hit with underpayment penalties and interest. |
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Just here.
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Yes you will have to report it and pay taxes on it at the end of the year. They cant take taxes because its a different country. If you dont report it and the IRS finds out your screwed. |
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Wayne Z
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Are you sure this isn't a scam?
Why would some in China need a personal assistant here in the states? What would you be doing? |
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TaxGuru
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You are not moving to China, right?
In that case, your employer is required by law to deduct federal income tax and payroll taxes from your wages. You should inform them of that if they don't know it already.
I get a couple of inquiries a week from companies based abroad who have employees in the US. Not only do they have payroll tax obligations, they may very well be considered engaged in business in the US themselves, leading to possible taxpaying obligations for the employer.
You and they should consult a qualified tax advisor so as to get this arrangement set up properly at the beginning and avoid headaches later on. |
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arch_angel_of_the_web
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yes you have to pay taxes, to get the exact amount talk to your local comptroller. |
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LOW
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You must report all earnings on your tax form.
Whether you will have to pay taxes or not depend upon other issues about that you report on your tax form. |
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CRA
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Yes, you have to pay taxes. You should set aside 30% and pay it quarterly.
But as a professional like Bernard Gartland. |
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sanbox69
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talk to an accountant |
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