 To clarify a question I had on IRA's. What I really wanted to know was.Now that I rolled over my 401k into a |
| IRA and a Roth....which are invested in mutual funds. Do I have to claim my gains (Interest,Divedens,est,est est) when I file my taxes every year or is it taxed as a whole at distrabution time?... |
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 How come we pay taxes on unemployment and social security benefits? |
| this is money that was already deducted from our pay check before we got it and when we need it, its taxed again isnt it unearned income?.... |
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 How the heck is this fare? |
| Ok so Im 16 and I have a job, everyone knows they take out Social Security...My grandmother said shes getting paid monthy now for the money that was deducted when she was younger. But people say &... |
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 I would like to do my own taxes this year. Is turbo tax user friendly and will it explain what to do? |
| I am really confused as to who I can claim, and what I can deduct as far as my kids go. They are both over 18. One of them just graduated high school in May and the other one is home with me too, ... |
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 Besides Income tax, how many other taxes Does the gov. collect on the public? |
| You pay ss, medicare, Income tax, gas tax, Taxes on the useage of you phone, does anybody know how many other taxes you pay th the state and federal government, and how many of the taxes is congress ... |
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 If I buy a Car in another State and bring it to mine, do I have to pay Tax? |
I am planning to buy a new car from a dealer in South Carolina, but I am a Florida resident... Do I have to pay tax ? Is there a benefit of doing so ?
T... |
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 Can my husband do his taxes with mine without me knowing? |
I am doing my taxes next year with my husband next year, but i am affraid that he might do my taxes with him and keep the money, can he do this? the w-2 will arrive to our house... ????
A... |
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 2 kids living with us,We sent proof to IRS, They rejected it ,parents in military? |
We sent school attendance records to IRS. We claimed them in 2006,stepfather claimed them in 2007 before we filed, he's in a differnt state, waiting for letter back from IRS With rejection
G... |
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| Need to hire someone to do my taxes. Do I need a CPA? |
| Or is an accountant (with lots of tax experience) enough? A friend says if the preparer is not a CPA he cannot "sign off" if I get audited. But she could not explain exactly what she meant ... |
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 Is there a set amount u receive for each dependent when claiming them on federal taxes? |
Additional Details
2 those who think that they r comedians go to a comic club. the reason i asked is because we just had ours done professionally and didn't get back what we ... |
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 Is 25 hours a week at 7.00 an hour decent? |
| i was just wondering where i stand i have no bills i have to pay except insurance and 20 a week in gas im 16 and its my first job what do you guys think i just got my first aycheck today and i earned ... |
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 So, do we have to pay an income tax? |
| I just watched this video about how there is no law stating that we have to pay an income tax. What does that really mean? We all know that if we don't pay taxes, we go to jail. Netters, what is ... |
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 If I paid a portion of my college tuition with a check, can I use it as a deductible on my taxes?? |
| Also, if I made about 11,000, paid 2,000 in taxes, and claim myself, do you think I will get most of that 2,000 back??... |
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smarterchild_usa | Down payment help? |
hi there,,,i am planning to put a big down payment for a new car i am planning to buy under my name,,,i never filed tax and dont have any income,,, i am planning to pay $15000 as the downpayment,,,i saved the money from my scholarships and some jobs and dont have any expense as i am dependent on my parents,,,am i going to face problem with such a big down payment since i didnt file tax...do the irs keep track of the downpayments,,,thank you in advance for your help... |
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acermill
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Yes, you will trigger some interest from the IRS. They seem to get curious whenever someone turns up with a bunch of money and no explanation where it came from. |
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linda
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YES, cash payment in excess of 10,000.00 is required to be reported to the IRS, who will notify the FBI, who will conduct an investigation as to JUST where and how you came to posses such a large sum of cash! |
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Wonder
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There are no income tax implications on a down payment. The sales tax is still calculated on the purchase price.
-MM |
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Kandice F
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Keep your down payment under $10,000 |
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Judy1
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If you don't have any income, what are the "some jobs" that you saved money from? |
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LtColonel
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Why so large a down payment? To avoid any possible cash reporting, make a smaller down payment. |
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r2mm
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It depends on whether the down payment is made in currency or by check. If it is in cash, then the dealership (or any business) receiving a payment or set of payments in currency of $10,000 or more must report it to the Feds. If the payment is made by check, either personal or cashier's check, then there is no requirement to report it. |
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