 How easy is it to file taxes for a first time homeowner?? |
I have always done my taxes for myself online using one of the many free websites. However, in the last year I have bought a home and was wondering if its much more complicated??
-I am ... |
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 About how much money can you get in my income tax return if I donate a car? |
| I heard, and i've seen many advertisings about donating cars even while i'm driving.. the thing is that i have this other car, which needs a few repairs, but i wouldn't want to spent ... |
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 Going on unemployment? |
| i havent worked in 6 months and was wondwering if i should get on unemployment. i goto school, i made about 6k last year from working and i was wondering if this would affect anything in my life ... |
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 Child benifit? |
| me and my partner want a baby but he works full time and earns 15k i earn a little less and would like to stay off work for as long as possible to start with how much money if any would we be ... |
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 Do we really need to raise taxes? |
Wouldn't it be a lot better if Congress just learned how to spend less?
I think they should just drop all the subsidies for a year then decide who really needs them. This would save ... |
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 Do you smoke ? If so help.? |
| Did you know by January 1, 2008 , Cigarette's are going to take a $6.10 a carton tax hike? State and Federal cigarette taxes have been raised 73 times since the year 2000- increasing the average ... |
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 I want to file my own tax return at age 14...? |
| but my parents say that I can't be on two different tax returns.If I file my own tax return can they still claim me on their return?... |
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 Was the 16th amendment ever ratified? I don't think so.... There should be no law to pay INCOME taxes.? |
It's a direct tax, not apportioned.
Interestingly, I've been immediately jumped on and tagged a "tax protester".
Perhaps I just follow the constitution.
... |
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 Got an email from the IRS, how do I know it's legitimate? |
The email says I'm entitled to a refund and then wants me to click on this link: http://www.bertorotta.it
This looks like a spoofing attempt to me, does anyone ... |
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 My mother died owing the IRS. The estate does not have enough $ to pay debt. Do heirs inherit the debt? |
| My grandfather died in 1997. My mother received her share of the estate in 2005. She then died in 2006. She had given away 80% of the cash she inherited before paying any estate taxes. The ... |
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| Income tax does nor exist 4me. have never, ever paid a flippin' cent 4'ncmtx. what's in stock 4me, jail? |
i wouldn't mind serving time in jail as long as the chow is good and i ain't 2work 2hrd and i have some kind on relaxation on
week-ends..... |
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 Stimulus check, how you spending? |
| I'm so happy it paid off my husbands CC, and our regular return this yr paid off mine, with the cost of fuel, food and etc going up, up away it'll help. But we were smart and cut up the ... |
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 If the IRS was abolished how much danger are accountants in? |
I'm going to school to be an accountant, But I'm also supporting Ron Paul (You know, beacuse I care about America and Freedom)
But if He started working to abolish the IRS and ... |
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Danielson F | Do you have to disclose you social security number to individuals that you babysat for, for them to file tax's |
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Rob
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If you provide child care services, yes you need to provide the parents with your SSN . You should be claiming the monies that you are paid on your own return As the parents will be claiming the Child and Dependant Care Credit and claiming what they paid you on their tax return. |
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pg
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yes you do because it is income whichever way you look at it...
they are goin to claim they paid you x$ and you will have to claim it as well as income.....unless you are exempt |
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MarineMom
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I agree with Bostonian, you definitely have to have the child care provider's social security number if you are going to be claiming the Child and Dependent Care Credit.
A few years ago, I had a daycare provider that I ended up not liking and pulling my child from her care, and I had to go and get (I think I mailed her the form requesting it) her social security number just so that I could put it on the tax form from the IRS so that I could claim the credit. It may seem like too much personal info to give out, but the parent has to have it to claim the credit. |
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jseah114
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If they are claiming your babysitting fees for the child and dependent care credit, they will need your SSN. There's no law that says you MUST provide them with your SSN, so you can't be compelled to do so. However, while your SSN is required for your clients to claim the child and dependent care credit, if they attempt to get it from you and you refuse to provide them with it, they can still get the credit. They will report your name and address as the care provider on the child and dependent care credit form, and I'm sure that the IRS might find you and know that you earned that babysitting money, unless you had provided them with a fake name and fake address. |
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bostonianinmo
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Yes! If they don't have your SSN, their Dependent Care Credit will be denied. Although it is possible for them to get around that, they must provide your full name and address to the IRS. In either case, the IRS will be looking for that income on your tax return.
If you provide the services in their home, you may be considered as a domestic employee. They will have to pay payroll taxes on your wages and withhold at least Social Security and Medicare from your wages. To do that they MUST have your SSN. |
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SuzeY
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If your customers want to claim the amount they paid you as a dependent care credit, then they will need your social security number. The other half of this means that you then will need to report the amount you earned as income on your tax return. Legally, that's what you should be doing anyway. You'll be subject to federal and state income tax, along with 15.3% self employment tax (if you earned more than $400 last year).
Speaking from a practical standpoint, most people don't end up being able to use the dependent tax credit because their babysitters refuse to give them their SSN. They don't want to lose their childcare provider over it, so they end up giving up and not taking the credit on their tax return. The babysitter would have to increase her rate so dramatically to cover taxes that the parents probably wouldn't want to pay that rate, anyway. That, of course, isn't legal, but I'm just mentioning how I've seen these things play out. |
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Straight Forward
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If those parents are that anal retentive, tel them to get a life. How are much are they paying anyway? Losers. |
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msinsurancegirl
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I never had to do that, but I would call a tax person in your area to get the "official" answer to that question. Let us ALL know what comes of this. Good Question!! |
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amberellian
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As most of the payments for babysitting are "under the table" in cash...this shouldn't be necessary. The only reason they would need that information would be to file a W-2 or 1099 to report your income to the IRS as your employer or as a contractor.
I would find that very odd, and really wouldn't share the information.... |
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Muga Wa Kabbz
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NO, unless you are their full time employee. Otherwise, you're just an outsourced service they use, once in a while. |
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larissa_lynn
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Only if you made more than 600.00 from that employer over the year. That is the only way you have to report it as income. You are an independant contractor. IF they do report it as childcare and you must file taxes on it, then you also are allowed deductions. If you drove, your car, mileage and maintenace are deductable (to a certain extent). If you watched the children in your home, also, some of these costs are deductible. However, you should probably check with a CPA regarding what you can and cannot deduct and whether or not you even have to file. |
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