 How IRS will respond to my mistake of not reporting gambling income but gambling losses? |
| i forgot to mention my gambling winning but i got the deduction of gambling loss in sch A. I am kind of nervous how IRS will respond to my mistake. Actually my preparer did not advise about reporting ... |
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 My husband owes child support will it be deducted from our tax return? |
| My husband is behind on child support payments. We have filed a joint return and I want to know will the balance of his child support be automatically deducted from our income tax return?... |
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 I was supossed to get my TAX REBATE yesterday but checked my bank and NOTHING? |
How long will it take?
they said they were coming in early. My last two are 05 so I'm one of the first ones to get it.... |
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 How much of a tax refund? |
| My wife and I bring in approximately 95,000 a year together. We do not have dependents and we both claim 1 on our taxes. By the end of the year we would have paid 22,000 dollars in interest on our ... |
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 Can my husband claim his 15 yr old daughter as a dependent if she doesn't live with us BUT? |
he pays $2,000 per month in child support, so he's paying for WAY more than half of her support plus he pays all her medical.
Additional Details
She lives with her mother (to answer ... |
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 Married: file taxes jointly or individually? |
Just wondering whether it would be better to file taxes this year as a married couple or individually. Here is some info:
We both work full time, incomes of ~70k and ~50k
no kids
... |
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 How long to get your refund if you mail your taxes in?? |
We have to mail our return this year, due to having sales of certain items....our accountant said we weren't able to e-file.
We also had some EIC on there, but are claiming the same ... |
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 Is it true that we don't have to pay taxes? |
| i recently saw a docummentary were an ex-empoyee of the IRS, was saying that paying taxes was a big fraud. several ex-employees discovered that there is no legal punishment that can be used for ... |
|
 In regards to writing off cosmetic surgery? |
| I had a breast augmentation done. It has created a stronger sense of self-esteem, and self worth. In return I am able to be more assertive and more decisive as I feel much stronger. As a funeral ... |
|
 IRS is Garnishing my bank account, what should I do? |
| I can't pay my unpaid taxes and now the bank is taking money out of my bank account. Can they do this? How Can I stop them?... |
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 Is it too late to file to receive an economic stimulus check? |
| My girlfriend (in her 20s) did not make enough money to file taxes for 2007. And, based on some bad advice from her dad, she didn't file to receive the economic stimulus check. Is there any ... |
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♪LONGHORNS BABY♪ | HELP WITH TAXES PLEASE!10points? |
I am about to enter a job as an independant contractor. I was told that I must send a payment into the irs every three months or I will be penalized more money. How do I figure how much to pay? Can you be detailed please. Only if you are sure. Thankyou. |
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lorijotx
 |
Here is the page from the IRS site. I would copy and paste but it is a bit long.....
http://www.irs.gov/businesses/small/article/0,,id=98846,00.html
Also per IRS:
Estimated tax not required
You do not have to pay estimated tax for 2008 if you meet all three of the following conditions.
You have no tax liability for 2007
You were a US citizen or resident for the whole year
Your 2007 tax year covered a 12 month period
You had no tax liability for 2007 if your total tax was zero or you did not have to file an income tax return.
And this:
How To Figure Estimated Tax
To figure your estimated tax, you must figure your expected adjusted gross income, taxable income, taxes, deductions, and credits for the year.
When figuring your 2008 estimated tax, it may be helpful to use your income, deductions, and credits for 2007 as a starting point. Use your 2007 federal tax return as a guide. You can use Form 1040-ES (PDF) to figure your estimated tax. |
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BIKER DUDE
 |
Article 9 on the page |
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boosta
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go to www.irs.gov I am a tax preparer and any question you want to know you can find here hope this helps |
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Lisa
 |
i would check the irs website. they have many topics of interest there. www.irs.gov |
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lynchburg_va_guy2000
|
You need to calculate your taxes - what you think you will owe for the tax year- and then send them 1/4 of that every quarter. I have had to do quarterly estimated taxes some years and I just cut them a check in late December. |
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Marcus
 |
15 % |
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JWas
|
You can get all of the charts for your quarterly Tax Payments (notice I said payments) which include federal income tax, social security, medicaid, and also any state and city income taxes on the Internet, just google whichever one you want to do first.
Yes there are penalties if you are late with your payments.
Don't forget to get your Federal and State tax ID numbers. You have to have these to do contract work. |
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pookiesmom
 |
You should probably consult an accountant for this. My husband did contract work (networking) for a year or so and we didn't have to do that though?? |
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Prophet 1102
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Estimate what you will make that year and what tax bracket that will put you in, and go from there. If you under pay, you'll also owe a penalty. Better to overpay by as little as possible. |
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Fulk Yu
 |
the irs
you know they cause stress,
dont pay late you'll seal your own fate
and in jail you dont get to m@$^#@! |
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Duke
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Tick, tock |
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