 Can i claim my new baby on my taxes? |
| Hi. I hope you can help me with a situation i have about when i file for taxes. i am 17 years old and i plan to file my taxes in 2009. I have been working for a year and 4 months now and me nd my ... |
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 Council Tax Court Summons can they do this? |
| I pay my council tax monthly and the installments are 10 payments from 1 April to 1 January for the period 1 April to 31 March (payments due on the 1st) I was a bit short of cash with Xmas ect so ... |
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 If i won $250,000 AUD how much would the tax people take? |
i live in victoria and i earn barely anything
Additional Details
by the way 40% seems alot. thats like 100,000. can anybody explain this a bit more? 40% is criminal!... |
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 Just a curious. what if ur only income is from interest from a bank? do u still need to file? |
| let said ur only income is from the bank interest. and the interests u earn is $50,000/year. do you still need to pay/file a tax return? and how much tax would that be? roughly 33%? how about $50... |
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 Are businesses required by law to mail you your W-2 by Jan. 31st? |
| I called the place I used to work at and gave the new manager my new address so I could get my W-2. I live 4 hours from where I used to work. She agreed to mail it too me as soon as she received ... |
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 Anyone received tax rebate stimulus checks by mail yet? |
| if so, what are the last 2 didgets...i am really anticipating this money as well as most of you are to...... |
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 Are state tax withholdings based on where you live or work? |
| My husband works for an oilfield company here in New Mexico. Yet, one of the company's rig's, that he works on, is located in Colorado. I was looking over his newest paycheck stub and ... |
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 How will I get my rebate? |
I went direct deposit but the tax place deducted their money from my return. Will I have to wait on a check and also do they deposite the money every so many hours or something? Does anyone know?
<... |
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 This morning we received a US TREASURY 220 TAX REFUND, for the amount of $1,397.60. This morning? |
| We got our taxes back in the begining of feb, and this amount doesnt fit the stimulus check we have 2 adults and 2 kids and made like 40k. social ending in 16.... |
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 Do you have to show the profit you make on your house selling for taxes? |
| When you sell your primary place of residence (lived there 10 years), do you have to include the money you made on the sale after property taxes are paid and the mortgage on your income taxes? Is it ... |
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 Do I have to be claimed by my spouse? |
My dad payed for my school all of 2006, while sending me 500 spending money each month. I had been living with my fiance for the past year, and finally got married in November 06.
I feel that ... |
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 Should India abolish personal income tax? |
| Only a few % of the population actually pay taxes. The revenue contribution is very low from this source. If the tax is abolished what will be the impact on the economy?... |
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blah32001 | Do i need to report my savings interest to my income tax? |
The money i receive from a high interest savings account, do i have to report that as "earned money" to the government?
Additional Details
its because i use PC financial for investments. Since they have that 4 percent savings plus interest offer. And i dont get anything in the mail from them, everything is done online. |
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jdkilp
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Yes. It's called "investment income." |
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CanadianBlondie
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Yes, you should report it. You won't get a slip unless the amount is over $100, but you still need to report it. |
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blinkablinka
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Certainly, here in Canada the charter banks prepare an income tax form (looks like the receipt for the RRSP's) and mails them out to clients with an amount of interest earned that is high enough to be claimed. No receipt does not necessarily mean don't claim! Make sure your bank has your correct mailing address, AND is an institution that sends receipts automatically. Standard procedure dictates that the receipts be mailed to the client by the first week of March. Good luck! |
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Thin Kaboudit
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Why yes, indeed you do!
Was there some reason you thought you shouldn't have too? |
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addie
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Yes, even if it is just a few dollars because the bank reports that they paid it to you. |
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Debb
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Hi there, sorry it doesn't matter that you don't receive a T5, in Canada we live in a self reporting system so, even if you don't get a T5 you are still responsible for reporting all investment income on your tax return. Put in on the Schedule 4. By the way you may just think you're not getting anything, over a certain dollar value the PC investing company is still reporting the numbers to CRA, and one day you could file a tax return and find that it's been matched up. To be sure you could apply for an epass on the my account area of the website I've given you. Check out what's really been reported. |
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Lynn of Glen Allen
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Absolutely...it doesn't matter whether you have to pay taxes or not...all interest income must be reported. Besides, the bank reports it to the IRS automatically anyway so you can't hide from it. |
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pretty_pink_babe363
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probly.
The government in the UK love hearing about any possible money they could get their hands on |
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mister ed
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i am not sure in canada -- but in the states you get a 1099 from the bank 1st part of the year that is also sent to the irs giving how much interest you received............. |
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intracircumcordei
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yup unless you don't feel like it and the CRA will do it for you if they know...
banks will usually mail out a slip for you (it has to be over a certain amount for them to mail it out though)
techincally though bank "charges" should counteract this as a business operating loss............. if you have any bank charges.
"keep all business-related vouchers and receipts, and recording all your expenses in a journal. ...
deductions include: accounting and legal fees, advertising expenses, fees, licences, and dues, interest and bank charges, meals and entertainment, maintenance and repairs, vehicle expenses, use of a workspace in your home and inventory and costs of goods sold. " |
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Julie G
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Yes, your bank should have sent you a w-2 for it. |
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