 How does the IRS know if you get married or divorced? |
Additional Details
What if a single status was filed for many years and a marriage occurred recently (no name change for the sake of SS records)?... |
|
 What is the best way for me to file federal income taxes if I am separated and I have 1 of my 2 children.? |
| I am wondering what is the best way for me to file taxes. I am separated and living in different house from my spouse. I have 1 of my 2 kids with me. Should we still file married jointly or married ... |
|
 Question about stimulus check? How is this possible?? |
| my mother got her paper check yesterday, the place where she got her taxes done called her and told her 2 come pick it up and she did and it was $900 and her ss# is 09, how is that possible, I ... |
|
 Poll: What do you plan on doing with your tax return? |
A. Pay off debt.
B. Invest in your retirement.
C. Invest in your home (repairs, updates, etc...).
D. Go to Best Buy.
Additional Details
If other, please list.... |
|
 Rebate check?? |
| how many of you recieved a notice in the mail regarding how much your getting and when it will be mailed out?? or did you just get it in your account and or mail???? i'm suppose to get mine by ... |
|
 Is it ok if i file married filing seperately with one child each ? |
| I recently filed married filing separately claiming one child from previous marriage. My husband is going to file with the child from our marriage. Is that best option to getting a $$ refund ?... |
|
 P45 question? |
I started a new job. My old employer said they sent me my P45 in the post, but I never received it, so they told to contact the tax office for another copy.
The tax office told me they wouldn... |
|
 What does "VAC available" means in my paycheck? |
| In my paycheck, after the section "Vac available", there's written 13.86. what does that mean? I am a part-time employee at target. Does that mean that I am gonna get 13 hours and 86 ... |
|
 Tax Rebate..Please help, I don't understand..? |
| I am 19, I filed my own taxes for 2007. But my mother claimed me as a dependent. She already got her rebate, but it did not include 300 for me. Do you think I will get my own seperately? I don't ... |
|
 Income Tax Laws not real? |
| I hear that it is not in the constitution that we must pay income taxes. Is this true?... |
|
 Anybody know if you owe the I.R.S. money, will you still get the rebate?? |
| From what i can tell, the rebate is treated differently than a regular refund. Since they claim I owe them, they always keep my refunds, but are they going to keep my "rebate" too?... |
|
 Can my boyfriend claim me on his taxes?? |
| i havent had a job in the past two years (untill mar 08) and he has fully supported me.can he claim me??... |
|
 What if I dont have the money to pay my taxes? |
| I owe Federal like $624.00 and I have no job anymore, and no possible way to pay this amount. I have no choice but to not pay. What are my options? what could I do, do I still send them in, just no ... |
|
 If you received a federal tax rebate, what would you do with it? |
From an economic stimulus standpoint, we should take such a rebate and use it to buy durable goods like TVs, washing machines, cars, etc. But if you receive one, what would you use it for.
... |
|
 When we fill our car up with gas, is tax included? |
| When we fill our car up with gas, is tax included? If so, would I be able to get tax return if I save recepit from gas????... |
|
|  |
Kubricksmind | Have a job and a business, any problem if I deposit a payroll check into my business account? |
I work for someone part time and also run my own business. Is there a problem if I deposit a payroll check (taxes have obviously been deducted already) into my business account? |
 |
 
Mark S
|
As most poster have said, its not illegal, but it requires a journal entry to account for it.
One method the IRS uses to audit business (or person) is to examine bank statements. The IRS makes a list of all deposits. It assumes that all deposits are taxable income unless it can be proven otherwise. If you cannot prove that this is your paycheck, the IRS will assume that it is taxable income that you failed to report. |
|
Judy1
|
Not really, although it will make the accounting trickier - you don't want to end up showing that as business income and paying tax on it again. |
|
wartz
 |
It muddies the waters a bit and could look like business income if your tax return was audited. Generally you should deposit business receipts to the business account and personal receipts to your personal account. |
|
Steve
|
I would first deposit the payroll check in my personal account and then write a check from the personal account to the business account.
This is just a way to keep your personal and business life separate.
Once you deposit the personal check into the business account, you can account for the additional capital being put into the business. |
|
Knightly
|
It's not illegal, but it could cause you problems. If you get selected for audit by the IRS, they can look at all deposits into all your bank accounts. It will make life much simpler if you are not mixing your personal funds with your business funds. If had to infuse some cash into my business, I'd deposit the payroll check into my personal account, then document the check I write from that to the business account. |
|
nealeclark
 |
You didn't say whether your business was conducted through a separate entity such as an LLC or a Corporation.
If you take personal funds and deposit them directly into your business checking account, you aren't necessarily doing anything wrong. Basically you'd call it a capital contribution and be done with it. But if you were in the habit of regularly depositing your personal paycheck into the business, it could bring up questions about whether or not your LLC/Corporation really is a separate legal entity. Creditors or specifically their lawyers could contend that the entity was not in fact separate from you. Therefore if they need to go after your assets to satisfy a debt, you wont be able to hide behind the corporate veil to protect your personal assets.
My suggestion would be only to do it if you really, really, need to do it. And document why you did it so you can show that you really were intending for your business and personal affairs to be separate. |
|
is it 5 yet?
|
I'll just agree that it is basically just an accounting issue.
You can do it, but make sure you account for it properly, which is probably more work than just depositing the check in your personnal account and writing a check from poersonnal account to business account. |
|
dawnny
|
yeah because when you get robbed you have nothing to fall back on. go to Dave Ramsey classes |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 23 minutes(s) ago
| | | |
8 | 45 minutes(s) ago
| | | |
8 | 57 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
8 | 1 month(s) ago
| | | |
8 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
