 Do I have to pay taxes on money that I have inherited? |
| A family member of mine recently died overseas and now I'm in the will and money will be transferred over to me.... |
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 Can my Dad claim his mother on his tax return? |
| My grandmother has social security income of $7,800 a year. It's her only income so it's tax exempt for her and she normally does not file a tax return. My Dad provides more than 50% of her ... |
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 Answer this question if you make $10.00/hour? |
| How much money is taken from your paycheck in taxes? I know it's different in different states and depends on what you put on your tax forms for allowances, but I'm trying to figure out ... |
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 I got a refund last year, but am owing money this year, why is that? |
| 2006 i made 12k, and received a couple hundred dollars back on my return. Last year i made 27k and am owing the gov $200. On my w-4 i claim a 2. Because i am single, and nobody can claim me as a ... |
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 Can i deposit my check to my friends account? i do not have account? |
| i want to directly deposit my income tax check to my friends account. i do not have checking account? for online filing.... |
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 What was wrong with the window tax? |
| Gordon asked me to test the waters for a possible return of this ... |
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 First Time Filing Taxes: Please Help!? |
| I'd like to go about filing taxes on my own and avoid paying $50-$80 to have some chump at some tax place do it for me. My W2 states that $263.26 is the federal amount withheld and $148.86 is ... |
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 If i owe 8 bucks in state tax to ohio, do i have to pay it? |
| it seems like it's too small an amount to go through the ... |
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 If I sell my house and make a profit, How much of the profit goes to tax? |
| The house is in NJ,I lived in this house for 3 months, I got a good offer and I need to buy a smaller house as I took a pay cut.... |
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 Can losses from one company be written of against profits in another? |
| I have a couple of flats which are let out and generate a small income. I recently launched a small business, but things are very very slow. I will have spent about £5000 on the company which will ... |
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 Anyone able to explain lack of "stimulus payment"? Is this even surprising? |
| I got my tax return direct deposited way back at the beginning of March. My SS# ends in 13. The schedule says I should get it in the same bank account I received my refund, by today. I just looked ... |
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 I am on disability and won money on a game on TV, how and where do I pay taxes. And can't I make so much? |
| I am on full disability (SSDI), I won $10,200.79 on a game on Television. They are sending me a form to fill out for taxes (think it was 1099?) and an affidavit, once that's sent back I get the ... |
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 Taxes and deductions? |
| I live with my girlfriend and we rent our home. I am not a student. What are the best ways to do my taxes to get the most money back as possible. I need to have enough deductions to get over the ... |
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mrwee | Employer didn't send tax forms. What do I do? |
I am self employed and work as an internet affiliate marketer. One of the companies I get paid by is based in Canada. Last year I made $8k promoting them. I have been told that they won't/can't send me a W-2 form because they aren't based in the US. What do I do? I have the check stubs that they sent me along with there monthly checks. Do I use those to file taxes? |
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James B
 |
The simplest way is to declare it as cash income. You -can- include the check stubs, but for only 8K of income I don't know that I'd bother including the stubs.
If the company you contracted to has any US offices, you -should- get a 1099 from them. If not, whether they're compliant or not isn't your issue. You MUST declare everything dollar, shilling, yen or ruble you make as income if the money enters THIS country. Foreign assets are another issue entirely; you shouldn't have any if you don't already have a tax lawyer to answer these questions.
Oh yes... and if they do file US 1099's, they do so by Jan 31. If you don't receive one by the end of the last week in February, either (A) contact them and ask or (B) write it up as cash income.
Bottom line: As long as you declare the income in some manner and pay tax on it, the very worst that will happen with the IRS is that they'll ask you to correct your return. If you don't declare, well, then the worst-case is lawyers and jail time. |
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Judy1
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If you're self-employed, you don't get a W-2 whether the company is US-based or not.
As a self-employed person, you are responsible for keeping accurate records of your income. It sounds like you've done that. Use those numbers to file your tax return. |
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Bob
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More than likely, you are considered an "indepentent contractor" rather than an employee. If anything you would receive a 1099-Misc from said employer and in box 7 Nonemployee compensation, would appear the $8,000.00 paid to you. You would report this income on Schedule C or CEZ. Since you do not have to include a copy of your 1099 with your return..... you don't really need to receive it. |
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Preferred Tax
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Any net earnings over $400 as a self employed individual is taxable and must be reported to the IRS.
The link below can provide additional information.
http://www.irs.gov/publications/p54/ch01.html
when all else fails, find your local Tax Practitioner for advice. |
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arichmofo
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Scan every check that comes in... and save them on your computer in a file labeled for that year's taxes. It is a safety net for any U.S. income, and a measure of your non-U.S. income.
If you make decent money, hire an accountant who can handle your taxes for you. That way, you can print/e-mail all documentation to him so that he can handle your income taxes for that year... (Suggestion: Start an LLC or incorporate yourself to save money!) |
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emulwa
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Yes, use those instead. I'd like to do that kind of work too. email me with any info on how to get started with internet marketing.
emulwa@gmail.com |
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1985 & going strong
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Call the IRS and ask them. I know there is an altenative form you can use in lieu of W2's, but not the specifics.
Hope that helps! |
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Jo Blo
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Did they withhold any tax from you? if so, you would get credit for foreign tax paid.
If you was self-employed and they did not withhold tax, you would receive a 1099form to show your income. If they will not be sending you that form and you want to include the income on your tax return, just list the amount on a Schedule C or CEZ. That amount will transfer to line 12 of form 1040.
Also you will fill out Schedule SE to pay self-employment tax. (social security) and don't forget to put 1/2 of social security on line 27 of form 1040 for deduction. |
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shorty
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I would go ask a tax preparer asap tax day is coming soon. |
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TyranusXX
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Well just don't report it , If you do you are just dumb! |
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