 Is signing bonus money earned income for tax purposes? |
| We got a signing bonus and relocation expenses at the end of 2007. Is this considered earned income for the earned income credit, or should I not apply for the earned income credit? This is the ... |
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 My parents just died and my question is, is there any taxes on what is in the estate? |
that I will have to pay.
They have $100,000 in stock
They have $100,000 in a savings account
They have $100,000 in a money market IRA
They have a condo that we will be selling at ... |
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 Can debt collectors garnish your tax refund? |
| I have a large amount of medical-expense debt that I'll never be able to pay off. Can they/collection agencies take your tax refunds?... |
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 Can my dad claim me (i'm 24) on his taxes? and my son as well?///? |
| my son and i lived with my parents for most of 2006 and, he wants to claim me and my son. i am 24 years old and, married but, have been seperated since april 06'. and, my son is not my husbands.<... |
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 I recieved an e-mail from aJohn Smith, UK National Lottery representive claiming I WON. Is it legit? |
| I e-mailed this person back asking what I had to do. Of course he said supply him with some personal information that would only be used for claiming the winnings. This isn't the first e-mail I&#... |
|
 Can my ex's mother still claim me&daughter on her taxes,even though i moved out? |
| Okay i lived there for two and half years.But with in that two years i moved about 6 times.(cause of the abuse) And i wasn't working,she was paying for everything, She claimed me during 05,06,&... |
|
 State Return - I live in Texas - I know I don't *have to* file a State Return since I live in TX but one of |
| my W-2's state that $6675 was witheld - #16 - State wages, tips, etc. Is this a problem? Should I file a State return? Can I file a State Return? Would it help the fact that I owe money for ... |
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 Why do I OWE money on my 2007 tax return? |
| I just don't get it. Last return (for 2006) I was on unemployment for a few months and ended up owing $133. This year, I held 4 jobs - total income of around $1700. Why do I owe twice as much ... |
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 A question from the States? |
| Does any one recognize this? I know it's a scam, but has any one else seen this. ( UK National Lottery Online Promo Progamme ). Any info is appreciated. It's going on all over here and the ... |
|
 Help regarding child tax credit? |
| Does anyone know if we can claim CTC my partner is now self employed but has never paid tax or national insurance before, i am currently unemployed and due to give birth to second child in dec.... |
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 IRS and Poker Winnings???? |
Ok, I am going to start off and say that; I work for the federal government and I am a little upset about this. If you win more than $5,000 you have to claim it to the IRS. What is up with that.
... |
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 If I filed bankrupcy, do I have to claim forgiven debt as income on my taxes? |
Additional Details
I filed bankrupcy in March of 2004, it was discharged in February 2005.
When I filed my taxes in 2005 I didnt claim anything I filed banrupcy on as income.
... |
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 How to qualify for Head of Household, and what is a dependent? |
| Can I claim my dad as a dependent even though he did not live with me? Also my fiance lived with me this last year and he did not have income because he was in college can I claim him?... |
|
 How do I get a VAT number? |
| For a new small business.... |
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Slick | Do deposits to your bank under $5,000, be it cash or money transfer online, get reported to the IRS? |
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 |
 
aemilia753
|
The person who says 11,000 is wrong because it is against the law not to report any cash over 10,000 in deposits OR withdrawals. (Bank Secrecy Act)
If you continually make 5000 deposits, the bank could file a suspicious activity report if they have reason to believe you are laundering money.
If you get traveler's checks or official checks (cashier's checks) with 3000 or more in cash, that is recorded as well.
Some people try to get around it (which looks even more suspicious) by depositing or withdrawing, say, 9000 at a time. This can be reported if the bank sees fit.
Money transfers online do not involve physical cash, so they aren't reported. Same goes for writing a check from one acct and depositing it into another. |
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ani2525
 |
No. We only report transactions over $11,000 |
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jack430
 |
No.
Over $10,000 does. |
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Mike
|
Usually not $10,000 and over is reported unless there is suspicious activity |
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Reaper King
 |
usually the rule of thumb is that anything over 10,000 gets reported. anything under that is assumed to be payroll or whatever. not too many people make over 10k per paycheck. also any combination of transactions during one business day that exceed 10k are also reported. |
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Pobept
|
all banking transactions are available to the IRS
if your activity seems suspect the bank will notify DEA and or Home land Security |
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zocko
|
should not. |
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Brittney
|
no |
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cjl1618@sbcglobal.net
|
10,000, but if you have several just under 10K, you will get hammered too |
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LORD Z
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The gift ceiling is 10,000 dollars so, NO. |
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