 Where I work, we have uniforms. We wash them ourselves, not the company. Can i use that as a tax deduction? |
| If so, how is that calculated? I once heard that they average out the cost for dry cleaning and use that. But thats just what I heard. Anybody know?... |
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 Is it annoying when employees ask for another W-2? |
| Does my old employer have a copy of my W-2? What do you think of people that ask for another W-2 this late? Is it possible to even get one that fast? Also is it a hassle to make another W-2. BTW I ... |
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 Where to file Tax? that is not HR block? |
I am just a student, i dont have much a complicated tax returns to file.
However, HR Block said they will charge me $100.00 that is practically about 30% of my tax returns.
I heard ... |
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 Taxes and marriage? |
| My live in boyfriend is disabled and receives about 12K a year in Social Security benefits. I work and make about 35-40K per year. Currently we file our taxes as single and I claim both children ... |
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 When you cash in your Stocks, you have to pay tax? |
| How many %? So it's like a fee, every time you cash in you gotta pay? So it's better to just cash in bulk?... |
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 Why did I only get $300 back from the stimulus package tax rebate? |
| When I got the letter in the mail a month or two ago, based on my W2's, I was going to receive $600. Is it possible that they are breaking the payments up?... |
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 How many people will not get a rebate check because they owe the IRS.? |
| The reason why I'm asking is because if a huge number of people that are suppose to get a rebate check already owe the IRS, then this economic stimulius package does the economy no good. Seeing ... |
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 Can you make corrections to already-submitted taxes? |
| I did my taxes last night using taxact.com - I already received an email confirming that my taxes were received and approved. However, today I received another 1099 form in the mail for some ... |
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 I helped a friend prepare her taxes and she gave false information. Am I responsible? |
| I assisted a friend in preparing her taxes. I was given false information and now I find out that she is being audited and the IRS says that she owes over $9,000 in penalties and taxes. Can I get ... |
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 Tax Question: Single Mother, two children, home owner, and earns approximately $54K.? |
| All of the years I have filed taxes. I have basically received all of my money back. I saw on my paystub that the Federal Government has taken out about $7,900 in taxes and the state (RI) took out ... |
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 Why does the IRS pay people more than they pay in? this is fraud? |
| i believe you should only get back up to the amount you pay in. unemployeds or low income people get back plenty, thousands---while those of us who work everyday pay out of our checks and at tax ... |
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 My husband left me and my son, what do I claim on W4 ? |
| I dont know where my husband is, he walked out on me and my son. We are still married and im going to start working full time ad im unsure of how to fill out my w4. I intend to claim my son for next ... |
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 If you get audited by the IRS and are guilty of a deduction that you can't prove, what happens? |
| Do they just remove that deduction and reconfigure your totals or do you have to pay a penalty for not being able to support your deduction?... |
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 Dose anybody really pay 30% taxes? |
| They say companys pay 30% taxes dose anybody here pay that?... |
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karola | Does income from eBay have to be counted as income for tax purposes? |
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janisko
|
Shhhhh...
Legally, YES; in practicality, NO.
Unless of course you're bringing in big bucks from ebay. |
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Biz Guru
 |
The profit does - so keep good records and don't forget that ebay and paypal charges are your expenses as well as your mailing costs. |
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koalatcomics
|
unless you classify it as disposing of personal items for non commerical use yes but its an uphill battle and the irs loves it...remember all those pelosi unfunded welfare schemes..now you understand why most working people are irritated about it ..the free lunch aint free. |
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imisidro
|
It depends on whether you treat your ebay activities as income or hobby. Note though that IRS is tightening its noose on eBay sellers http://money.cnn.com/2006/08/23/pf/taxes/online_taxes/index.htm
IRS has a checklist that it uses to determine whether or not a money-making activity is legally a business, which means money made is taxable, or a simple hobby – where it is not taxable. The IRS can consider a person to be a legal "business" even though they never incorporated or claimed to be one.
Among the factors to consider are whether: http://www.irs.gov/businesses/small/article/0,,id=99239,00.html
- You carry on the activity in a business-like manner,
- The time and effort you put into the activity indicate you intend to make it profitable,
- You depend on income from the activity for your livelihood,
- Your losses are due to circumstances beyond your control (or are normal in the start-up phase of your type of business),
- You change your methods of operation in an attempt to improve profitability,
- You, or your advisors, have the knowledge needed to carry on the activity as a successful business,
- You were successful in making a profit in similar activities in the past,
- The activity makes a profit in some years, and the amount of profit it makes, and
- You can expect to make a future profit from the appreciation of the assets used in the activity. |
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dgclip1981
|
Technically, any income that you make is supposed to be claimed. But there are no set rules for Ebay, yet, except for large selling prices. Just like if you find money on the street, your suppose to claim. The IRS loves money! |
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Poker Face
 |
If you made more than $600.00 from e-bay or anywere else, your required to claim it as income, but very easy to get around... |
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Kari
|
eBay to some is a full time business. To others it's like an on line garage sale. Show me anyone that has a garage sale and claims the income on taxes and then deducts what they payed for it brand new. I don't even think the IRS wants that, but there are many running a legitimate business and NOT reporting. It's a grey area that I am sure that congress will "fix" real soon because they always need to find ways to generate more money from the working class. |
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Dreams comes true
 |
Ebay.. the name spell success. It is a big business having multi billions dollars of tranaction happening in a year. There are countless person having a earning of 6 figure income. And of course many others having a regular income varying netween $500-$5000 per month. There are many persons, who has taken up this as a career but dropped it because they did not feel as an opportunity due to some or the other reason. There are certain guidelines which need to be followed to be successful in ebay like other business demands.For details visit
http://ebaysimplified.blogspot.com |
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miztiffany
 |
As of yet no unless your are an established business then yes. Although you could be a good citizen and claim those earnings if you want! |
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