If u earned $524 last year do u have to pay em or will u get all ur money back?? |
| I need to know because i am only 17 and i only worked for months and wendys got paid biweekly...anywayz i really need to know because what i get back from taxes is going on my fiances apartment which ... |
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Will I get the new refund everyone is talking about? |
| My parents still claim me as a dependent, but I've been filing my taxes for about 7 years now. I know I'll get my regular refund, but what about that extra $600-$1200 that was just approved ... |
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I'm confused about the stimulus direct deposits---I used turbotax to do my taxes..? |
| I used turbotax to do my taxes but paid the fees with my debit card..does this mean i'm waiting for a check instead of a direct deposit?... |
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Federal Income Tax Forms? and state income tax forms? |
| Where do I go to get a federal income tax form and a state income tax form?! Can i go into a H&R Block and get one and do i pay for them?!!... |
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I had half of our stimulus check direct deposited.. where's the rest? |
| My wife and I filed as "Married filing jointly", but I received only 600.00 direct deposited to the same account that the tax refund went to. Where's the other half? We both made ... |
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Stimulus check????? |
| Has anyone received their Stimulus check yet????... |
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What did you spend you tax rebate on, or do you plan to spend it on? |
I am planning on using mine for the completion of my wedding plans.
My fiance got some bills caught up and out of the way.
Just curious what everyone else is doing. = )... |
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If I owe back child support, when my new wife and I file our taxes, will they take her refund?? |
| I owe Back support, and last year when i filed, my refund was sent to my babys mom, i was single then, but now i have a wife, and we dont know what will happen with her refund when we file.... |
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How can I claim more benefit? |
| I'm already claiming unemployment benefit, jobseekers allowance, tax credits and child benefit for each of my nine children. As Gordon is not shy about dishing out billions of taxpayers money ... |
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Did anyone get their tax stimulus payment yet? |
| It is May 2nd, did the government do their part in sending the direct deposit payment today?... |
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Why does the IRS site say "We are sorry. Specific information about your Stimulus payment is not available. |
| I know I may have to wait for a paper check because I filed using Turbo tax. Even if I did have Direct Deposit withem I still will get a paper check but why does the IRS website have no info? This is ... |
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Can I claim my unemployed roommate on my taxes? |
| My roommate is telling me I should claim her on my taxes because she hasn't made much money in 2007. She worked for maybe 4-6 months of the year. Is it possible to claim her and how would that ... |
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Are you Liable for back taxes with the IRS if you are over 65 and make under $26k a year? |
| My mother is over 65 and owes the IRS back taxes. She makes under $26,000/yr. We have hired a law firm to negotiate with the IRS as she does not have the means to pay.She recently heard of a person (... |
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I mean't do I need a purchase receipt for every article of clothing I donate? |
| Do I need a receipt (for when I actually purchased) every article of clothing ?... |
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If you haven't file your taxes for a number of years....how should one proceed to get current again? |
| Side notes...Never owed any money back to IRS, always received a refund, Filing status has not changed, taxes are paid on a regular basis (state and fed) via deduction from paychecks, never received ... |
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Letter From Paypal, "Notice Of IRS Summons." Worry or Not? |
| Recently a number of Paypal users have received email from Paypal stating that they have received a summons from the United States Internal Revenue Service requiring them to produce various account ... |
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Doesntstayinvegas.co... | How could one avoid income tax legally? |
How could you do this and still be in good standing with the IRS? |
|


Steve
 |
You can arrange your affairs in such a way that you won't have a tax liability. That means doing whatever you legally can to reduce your taxable income to zero.
For example, invest in a 401(k), traditional IRA, Flexible Spending Account, have medical insurance premiums deducted pre-tax, have lots of children, operate a business that has positive cash flow but with a net loss due to depreciation and other large non-cash deductions. It can be done but its not easy to do on a consistent basis. |
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deep5223
 |
Don't make any money and you won't owe any taxes. |
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bostonianinmo
|
1. Make less than the filing requirement amount for your filing status. If you're single, that's $8,750 for 2007. Good luck living on that.
2. Invest in tax-free municipal bonds and move to a state without an income tax.
3. Enlist in the military and volunteer for duty in Iraq. Your pay while in a war zone will be tax free. |
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Wayne Z
 |
Invest in non-taxable securities (ie. Municipal Bonds) |
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Michael S
 |
'die' |
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ptstrobl
 |
Avoiding taxes is perfectly legal--talk to your tax professional.
EVADING taxes is illegal :) |
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monkeyundermypillow
 |
If there was a way, don't you think people would be doing it? |
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coralie c
|
when you find out let us all know |
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mikeeyman
|
If you don't make any money, you are legally avoiding income tax. |
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Judy1
|
Not make enough money to have to file a return. For 2007, if you are single and not a dependent, that amount would be $8750 for the year if it's from a job, $399 if it's from self-employment. |
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Wally
 |
Move to Dubai |
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path less traveled
|
Get that information from one of the great casino-hotel moguls there in Las Vegas -- from one of the great hotel/realty investors there; also UNLV will give extensive insights on this, for their professors are quite apprised of this sort of thing: the like of this knowledge is why UNLV is one of the top regional universities in the country now... and has been for quite a few years.
Simply dare to request of an informational interview with any of these; and don't be concerned if they kiss you off first.
The moguls will think at first you are either a kook or a persistent and curiously interesting fellow, in which case they may bid you enter one of their exclusive offices for an interview.
Of course, they don't frame it as avoiding paying income tax legally but instead know that the tax laws are extremely sophisticated and require great skill to avail of exemptions and deductions of all sorts, legally, through certain loopholes that their accountants, portfolio managers and attorneys can engineer for them.
This is how they become billionaires and remain so.
It is no fluke that they can tear down an entire casino hotel and immediately begin erecting a new one even more lavish than the first...
They do this as part of the normal course of doing such high-brow business, much of which the federal commerce and securities commissions allow -- capitalism is underpinned by this. And in fact, if they did not do somehat in this fashion, they would not keep their billion-dollar coffers.
It is as is cynically said: "You have to pay to play." |
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