 Why do I have to pay taxes on a house or a land that I owned? It is ridiculous and unfair!? |
| If I own a house then every year I have to pay $3,000 or $4,000 in taxes sometimes more (depend on the house value) then it's the government's house not mine. Why do I have to pay taxes on ... |
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 Can I claim my girlfriend as a dependent on my taxes? and what about her kid? |
My girlfriend has lived with me all of 2007, she had no earnings. I have paid the house payments and all the bills. We are not married.
She has a 2 year old daughter that also lives with ... |
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 Ive been summoned for not paying council tax? |
| I am a student living in Heaton Newcastle and I recently recieved a letter summoning me to court for not paying my tax? I didn't know I had to pay taxes and I'm pretty sure I don't, ... |
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 If I earned $500 in '07, and paid $4,000 in tuition & supplies, can I write them off? |
| In 2007 I wanted a career change and took a certification course at an institution and paid $4000 for tuition & fees. After completion and job hunting I never found suitable employment so I ... |
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 Y is every thing goin' up? |
| Y is gas prices, food prices, and everything else going up? Y do the charge more taxes. Gas used to b like $1!!Cuz soon gas is going to go up 2 $5. And food goes up EVERY single week!! Wats up wit ... |
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 Income tax question? |
| We just did our taxes this week but when we send them in the mail two days after we got a income form that we forgot to report it is just 95 dollars do you thinks we need to do them again or is not ... |
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 How can I minimize taxes owed for 2006? |
| After completing my 2006 Federal taxes, I owe $1,000. Can I invest this money in my retirement instead of paying the government? If so, how and when is the deadline?... |
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 Why shouldn't we pay more in taxes to help the less fortunate? |
| The best answer(s) will not only get the points but will be used in my presentation tomorrow.... |
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 Legal Methods of Tax Avoidance as Protest? |
| First off,I don't believe or support the war in Iraq (never did, never will), and now my state legislature is looking at using some taxpayer money ($2 million in a state with population under 1 ... |
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 Payroll Tax mistake.... MY Fault come tax time? |
| I started working at this company in March. I filled out my W-4 correctly and turned it in. I never really payed attention to it on my pay stub, but in September, I realized that no Federal Tax was ... |
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 Last year my husband was employed at this company for 1yr? |
| Okay so he was an employee there and they never deducted social security or any taxes whatsoever so when he filed his taxes for that year the paperwork that was done was a self-employed is that the ... |
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 IRS bill because of an error made by my tax preparer who disappeared. Now what? |
| I received a bill for over $1500 due to some error that the person who prepared my taxes made. She has disappeared and is nowhere to be found. She also made a similar error on my brother's ... |
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 I e-filed my fed tax return 5 weeks ago. Not yet get it. What should I do? |
Additional Details
I got notice from IRS today. The delay was due to my bank rejected the fund transfer request from IRS. They are going to mail me a check in 3 weeks.... |
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 Who's responsibility is it to make sure enough tax is withheld from an employee's paycheck? |
| A friend of mine didn't have enough money taken out of her check and now owes the IRS about $700. She filled out her W-4 correctly to have the deductions withheld but her employer failed to ... |
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 Stupid TAXES!!? |
| this week I made $463.50 this is my first pay check.. how much will it be after taxes?... |
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 Okay So I owe the IRS.......? |
| I figured they would take my rebate check(stimulasis) Because they took my federal and I still owe them like 900 dollars but I got a paper in the mail saying they were sending out my check by 6/20 ... |
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esqv09 | Do u have to report how much u have in ur savings account? |
and if u do .what is the percent u have to pay? |
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Bronwyn
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You don't have to report how much you have, just how much interest you have earned on your savings.
You pay income tax on the interest only. |
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Steven
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the only thing you have to report is how much of interest you got. usually your bank sends you 1098-int form with that information. nobody cares how big are your savings.(Vote for me. I only need 100 more votes) |
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allergicmink
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You have to report the interest only. Your 'e already paying taxes on the rest! If you go on to irs.gov, you can find out up to what amount is reportable. |
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jstrmbill
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no, for taxes, you only have to report the interest earned.. |
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lade40free
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You do not have to report the amount of money you have in your savings account. You only need report any interest or money made off the money in the account. You financial institution should send you a 1099 INT or 1099DIV at the end of the year with the amount of money earned. This is added to your income on Schedule B of the 1040 form. The percentage of tax you pay on that depends on your other income and deductions. |
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kadel
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You just report the interest. What you pay on it depends upon your tax bracket. I know there used to be an exclusion of a certain amount, but I don't know if that is still true because my accountant handles that for me. |
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extra_37
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only the income you receive from the account. |
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scubalady01
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As said above, the bank reports the interest that they paid you to the IRS. So it'd be wise for you to report the interest as well on your tax return and pay the tax on the interest. So the gvmt knows what you have in your account anyway, even if you don't state the amount. |
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GregW
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Your bank has already told the IRS what you have, so you better report it. |
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