 My economic stimulus letter from irs says expect payment by 6/27? |
| Can anyone clarify if this mean mailed by irs on that date or received by that day? I have heard both. Does anyone know for sure?... |
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 If I do a job for $500 and the company sends me a 1099 form, do I need to claim this money on my tax return? |
| I am considering taking a freelance job (one time) and the company will send out a 1099 form. Do I need to put this on my taxes if it is below the $600 requirement? If I do claim it, will I be taxed ... |
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 What's tax return? |
I hear it a lot in american films, I never get it.
Additional Details
Sometimes taxpayer receive money back from goverment, right? How is that?... |
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 Claiming my children on tax return? |
| I have 2 children and haven't worked for the year of 2008. Someone told me I could claim them,not having any income. Is this true? Can I get money back? How would I do this? Thanks!... |
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 Disability living allowance? |
I receive the high rate for the care component for my 4 year old son who has severe developmental delay and learning difficulties.
I was told when my son turned 3 i could apply for the ... |
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 Where is my flippin Stimulous Check!!??? |
| We were suposed to get at least 600, and we have not gotten ANY of it. We meet all of the qualifications, and my friends have already gotten theirs, whats going on? We filed early with direct deposit,... |
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 What happens if the IRS sends a duplicate refund and it is cashed? |
| The IRS sent us two identical refunds, one direct deposit and one by check. The check came first. Do they charge interest?... |
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 Can you claim grand children as dependents on your taxes? |
| My daughter is 28 years old she has 3 small children 1yr. 2yr. and 6yrs. She lives with her boyfriend but I pay her car payment, car insurance, and all the needs for the children. Can I claim the ... |
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 Why am I double taxed on my retirement money? |
| If, I withdraw my retirement money early I am charged a certain percent to withdraw it. Then, I am taxed again when I have to claim the money on my end of year taxes, 1040 form.... |
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 Do I have to Pay Taxes on money given to me and money from an estate? |
| my father died,his will stated that myself and my sister split whatever is left in his bank,savings etc accounts.My sister is shady she is overseeing the will through his attorney.I received 8,000 ... |
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 Can i claim 2 pairs of work boots in 2007 on my taxes? |
| i worked construction and bought a new pair of work boots in january of 07 for 140 dollars, i started a new job in april and the company i started working for gave me a 120 bucks to get a new pair ... |
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 Flat income tax? |
What would be the positive/negative effects if the U.S. implemented a 70% flat tax on all income?
Additional Details
I was thinking that prices would have to go down in the U.S because ... |
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 Serverance Pay:Take a lump sum of $64,000.00 or take 1.5 years pay continuance? |
Additional Details
My current salary is $45,000 and pay continuance stops if I find another job that pays over $35,000 to $40,000 per year.... |
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 What do you really think of the 18.5 cent gas tax? |
Do you really think taking the gas tax out will help this country?
Or Do you believe that the job lose would hurt the country?
Additional Details
Mister Mister I believe that ... |
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 Inland Revenue possible investigation? |
| If you have a company and you have paid all the taxes and you then pay yourself a dividend. Out of which you buy an asset, can the revenue take that away from you if they later find out that you need ... |
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 Tax return for multiple jobs? |
| Hi, I changed jobs in the year 2006. So Do I have to file 2 separate tax returns for my two employers? If yes, Can I claim a standard deduction on one tax return and a itemized deduction on the other?... |
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 Why is council tax so expensive? |
Additional Details
parks are falling to bits, roads have potholes, schools are getting worse. Librarys why bother... Police, where are they when you need ... |
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Kaleen C | Do you always get taxes back no matter how much you make? |
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cwfraggle
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ok here is how it works in a nutshell.
the US government needs money to function, so they take money from the citizens they serve. the reason why is the government is limited to how it can make money, unlike a business it cant sell anything (if they had something it is not allowed in the constitution to do so)
they could make money by loaning funds to another nation (like a bank) but most nations never pay us back (Russia for example)
we "give" millions even billions of dollars away every year to developing nations in the form of food, manufactured goods, labor, and even cash.
that never comes back so the burden as passed on to the tax payers.
your tax money is essentially a loan to the government, and at the end of the year they give back some of the money they did not use. unfortunately many people get money back that they did not give to the government in the first place.
and you dont get any interest from the loans like banks do when YOU borrow money. |
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Shaula359
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Most of the time I do get money back. There was a couple of years I did not because I had to take a hardship withdrawal from my 401k, but, like this year, I got a refund. Out of 30 years paying income taxes, only twice have I ever had to pay in more. |
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bunnygrl43
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Nope. u don't. |
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Judy1
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No. When you prepare your tax return for the year, you calculate your total tax liability. Then you compare that number to the amount you had withheld for federal income tax. If you had too much withheld, you get it back as a refund. If you didn't have enough withheld, then you pay the balance.
If you get money back, it's only because you overpaid with your withholding. |
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bostonianinmo
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Heck no! I had to pay over $11,000 this year! |
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nvrrong
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no you don't if you make a lot then you pay more taxes. |
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LaMorena
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No. It depends on your tax liability which depends on a lot of things including how much you made, deductions, etc. While in high school and college, I always got most of my federal and state taxes back. This year, I owed $600. |
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Chris
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Depends on whether or not you over pay, have sufficient deductions, etc. There is no limit to who can get a tax refund. |
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cork
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NO...
US GOVERNMENT MAKES A PROFIT... |
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