 Am I elgibile for the stim. plan rebate if I am 20 and make over 19,000 & filed taxes & was claimed by my mom? |
Additional Details
I am a full time student and my income is from a company not her but I live with her & she told me that as long as I live w/ her she can claim me and I can file ... |
|
 I'm owed about £600 from the tax office? |
| I have been waiting since April and recently I have been phonng them everyday wondering why it's taking so long and I don't get any sense off anybody. I need the money desperately as my job ... |
|
 Info about 1099 tax form? |
| What benefits could a person in real estate receive from filing a 1099 tax form? ...Is that how they file commision? How exactly does it work and what all could be claimed? ..Anything would be ... |
|
 What do I do if I've lost my w-2 forms? |
| Ok... so yes I put off doing my taxes til the last minute... but I thought I was giving myself enough time..... problem is.... I CANNOT FIND MY W-2 form that my job sent me! I worked at 2 places this ... |
|
 The IRS does not tax gambling winnings? True or false? |
| Let me elaborate. It's true that gambling winnings are reported by casinos to the IRS. If you do not report these winnings, the IRS will come after you for them if the amount is at all ... |
|
| What are some cases that you should file seperatly if you are married.? |
| i am married, but claim my wife as a dependent, but she also works. i need some advice on what i should do as far as filing seperatly or jointly.... |
|
 Get answers from millions of real people.? |
| If we have already received a stimulus check of $1200. When will we get the additional $300 per child?... |
|
 For giggles I have to ask? |
| I come from a upper middle class family & guess in some ways it seems as such I have to ask why do people making over $100,000 a year complaint so much. According to the tax code it seems anyone ... |
|
 Another stimulus question? |
| I am confused about how much my family will get back, and my husbands ss# is in the 50's so I can't see it yet on the websight, but I wondered if anyone could give me insight as to what I ... |
|
 My boyfriend does not work and i support him so i usually claim him as a dependent on my taxes.? |
| This year he went to the casino and won a jackpot of $1800 and he sold about $3000 worth of crap on ebay. Does he have to file on his own or can i still claim him like usual.... |
|
 Is it legal to completely fill your car with stuff to take to England? |
| I was wondering, if I filled my whole car up in stuff I bought from France until I could hardly get in the car to England, would I have to pay certain taxes or would they ask me to take out most of ... |
|
 Help i was called by some compAny in washington d.c? |
| they said that i was being given a grant of a couple thousand dollars because of always paying my taxes and that there was no catches to it or anything and that i would never have to pay that money ... |
|
 I still haven't received my tax rebate payment. Last ss #22 and direct deposited. Has anyone else not? |
I tried the irs ph # and was on hold 20 min all 3 times. Does anyone know how I might could talk to someone to see if there's a problem. Husband had surgery and really need that money.
A... |
|
 Tax Question..... About 1099-MISC..... Any Help? |
| I am self-employed and I'm trying to wonder if I have to file a 1099-MISC to the IRS because I rented from someone a salon space for my business. Do I send a 1099-MISC to the person that I ... |
|
 I want to donate my car to charity. In terms of tax deduction, does it matter which one? |
| Will I get a bigger deduciton by donating to one charity instead of another or are they all the same (in terms of taxes)?... |
|
 Stimulus payments.....? |
| Just curious if there is anybody out there that was expecting their stimulus payment via direct deposit on May 2 nd and didn't get it? According to my social security I should get it deposited ... |
|
|  |
jredsje | How can I have someone's money in my bank account and prove incase of a tax audit that it's not my money? |
My cousin is leaving to Mexico and asked me to keep his $10,000 until he comes back. I know theres a certain amount that if deposited to any account, the bank reports it to the IRS. How can I prove incase of an audit that I was just holding it for a while and it's not my money; Or what would I have to do? |
 |
 
vegas_vixen24
 |
The only time the bank reports anything is when it is cash. The report we file is called a currency transaction report (CTR) it is nothing to worry about. It is mainly used to detect and prevent money laundering, and terrorist funding. |
|
forgivebutdonotforget911
|
You do not have alarm bells going off in your head?
Your cousin could open a savings account in his name and earn interest. He could get a cash card tied to that account so if he needed money in Mexico, he could get it at any ATM. By giving it to you, he is totally dependent upon you to get his money back. Are you really that close?
How did your cousin give you this money?
If he gave you cash, give it right back to him. No one in their right mind carries that kind of cash around with them unless there is something "funny" (Illegal) about it. Could it maybe be counterfeit? Imagine your bank's response when you walk in, hand them that amount of cash and it is all fake. Can you say "prison?"
If he gave you a check, then the money is in a bank until that check is cashed. So don't cash the check and leave the money where it is. When he gets back you can tell him you saved his money by leaving it in the bank and all he has to do is write himself a check to get it.
Your whole story reeks of something dishonest. Tell your cousin to take care of his own money and stay away. |
|
CC Curious
|
Open a separate account in his name to be on the safe side. If the bank won't do that, you can take it to a credit union to open it in his name. Or ask someone who works for the IRS. Where I used to live, they did people's taxes for free, so I don't see why they would not be able to assist you with this question. |
|
wartz
 |
The $10,000 deposit would have to be in cash to be reported. If your cousin acknowledged that it was his money there should be no problem. |
|
navide
|
Why is your cousin not opening an account for himself? |
|
bostonianinmo
|
If it's in your account, it IS your money.
Tell your cousin to open his own account if you are concerned about it. |
|
ninasgramma
|
What you need to do is not take another person's money. It sounds to me that your cousin is conning you, or at the least trying to conceal money from someone else. Is he going to write you a check, and then ask for some of it back right away for example? That is an old old con. Then there is the pigeon drop....it goes on.
Don't be so naive that you think your cousin needs you to "hold" his money for him. That is what banks are for. If he doesn't want to open an account, he can put it in his own safe deposit box. |
|
kicked
|
Why would your cousin not put the money in a money market account or IrA. I would not put it in your own personal account. What if he comes back and says you stole from him.? Family is great until it comes to Death and money.
Cover all of your basis unless your willing to deal with the fall out. |
|
MukatA
|
Why should there be any problem as long as your cousin paid you by check and his money is not an unaccounted money.
In such cases IRS expects that your cousin has interest income (even you don't actually pay him), and must include in his income. If you don't do this, it may be considered a barter transaction. |
|
Ryan Bushby
|
What is with all these negative answers? Companies hold other people's money all of the time. There are lots of legitimate reasons for this type of exchange.
You just need to get in writing from him that you are holding his money with no interest, then get a reciept from him when you return it, both signed. If you ever get audited this will be enough evidence to explain the money for that time period.
If you earn any interest on the deposit then that will be considered income.
|
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 31 minutes(s) ago
| | | |
9 | 49 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
