 Rebate checks its not all that great? |
do people realize that these checks are not taxed but we will have to pay them back in 2009?
Additional Details
i dont have a link. it is what i understood. if im wrong then please let ... |
|
 Tax Rebate? |
I filed my tax return feb 20 this year (early) and received it feb. 29.
I am receiving direct-deposit and according to the chart on the irs
website (based on the last digits of my ... |
|
 Why am I forced to hand over more than 50 pence in every pound that I earn,in tax to this Government? |
| I earn £26,000 per annum.PAYE takes 20%. NI "contribution" a further 10%. Then there's Council tax of 6%.Just these three compulsory taxes rob me of 36%.Then there's 15% VAT on ... |
|
 If some one only made say $2000 during the year is it worth filing income taxes? |
| Say a married couple filing jointly just off one income can get back almost 6500$ with out the second lower income, should we wait for the W2 of the second spouce or just file as if the second spouce ... |
|
 I'm a single mother working part-time, but live with my partner, could he claim us? |
| I'm only going to make about 15grand this year, He'll make about 39grand. Is it okay for him to claim my daughter and I on his income tax return next year? What about on his w-4 right now? W... |
|
 Why is the IRS penalizing people for being intelligent? |
| Every year I calculate my taxes so I have to pay a very small amount on April 15th. With over 50k a year in income this is no small feat however I think it is worth it so I can invest and save the ... |
|
 Legally who can claim the children on the income tax? |
| My ex-husband wants me to let him claim 2 of our 3 kids on his income tax. He says that he is cutting me a tax break because he`s paying taxes on my child support. I live in Nebraska, he lives in C... |
|
 How Do I request my mothers 1040? |
| Im trying to file my finanial aid for college and they requested that I send them my mother 1040. The only problem is my mothers a damn slacker and I cant get her to do anything so I was wondering if ... |
|
 I filed taxes for the first time this year & I just received a letter from the IRS. I'm freaking. Help? |
| The letter said the IRS had received my electronically filed income tax return for the Tax Year 2007, but they didn't receive my Form 8453-OL U.S Individual Income Tax Declaration for an IRS e-... |
|
 State Tax Return? |
Do I need to file a state tax return if my employer already took out the state tax from my paycheck each month?
My co-worker told me that I need to file a state tax return if I received a W... |
|
 What is the most you can earn in a year in the UK without having to pay taxes? |
| If you earn only 5000 pounds in a year do you still have to pay taxes on it? Is there a maximum you can make without having to pay taxes? and at what amount does the lowest tax bracket end? Curious ... |
|
 UK Should we INCREASE fuel tax? |
| A journey from Wigan to Milton Keynes SHOULD take 2 hrs 45 mins, today the home leg took me a whopping 5 hours. Why do we tolerate congestion and consider it acceptable? Why is the "rush hour&... |
|
| Just got offered a job, he is gonna pay me as a independent contractor. how do I pay taxes? |
| I have always worked for an employer that has taxed me. Now I was offered a job that pays me as an independent contractor. How do I report the taxes? I am being paid 50k, ... do you think I could ... |
|
 Stimulus Check? |
| I did my taxes at H&R block and had my tax return submitted via direct deposit. I have not received my stimulus check and I have no clue If they are just slow with the process of direct dep. or ... |
|
|  |
alxsml | How do I file taxes on my babysitting job? |
I earned about $2100 last year babysitting for friends. I did not receive a W-2 from them. My tax software (TaxCut from HR Block) doesn't give me an option to add this wage without having a W-2. The only other option is to choose myself as a Household Employee but I have to make less than $1500 for that, and I made $2100. So... the questions are ...
Does my friend have to give me a W-2?
If so, how would he go about doing that if he doesn't have a EIN?
Can he use his SSN as his EIN?
If so, where does he have to go then to get official W-2 Forms to issue me? |
 |
 
Judy1
 |
If you babysat in your friend's home, technically yes you should get a W-2 for it. But if you don't, you still need to file. You'll file it as self employment income. |
|
Michael R
|
What you need is a 1099 not a W-2.
1099's are used for contractors, W-2's are for employees.
Anyway, He can use his SSN instead of an EIN number.
If he doesn't want to give out his SSN he can get an EIN number in about 10 minutes from http://www.irs.gov
I think he can also find the 1099 to fill out for you on the irs site as well..
Also like the poster above states you will state the income as being self employed. |
|
STEPHANIE B
|
you report this income as cash earnings and report it on schedule C and the SE. My sister does child care and Im in the middle of doing her taxes for her. But that is definitely the form to report it on. You can do a mock tax report at several places like taxslayer or turbotax to compare it to the tax service you are currently using. If you do this make certain you go through the irs.gov website and if your income is under a certain amount then it will be free.
Good luck |
|
jpr302001
 |
Are you trying to maximize your income in order to qualify for a house or something? If so, then take it on sch c, but if not, then I would consider it "under the table money". If you don't claim it (and the payer claims it), then you could get in trouble, but if they aren't planning on claiming it, then I wouldn't either. |
|
yeochief2002
 |
Why do you want to claim an additional income of $2100? Do you want to send money to the government for Social Security and Medicare? Those taxes are in excess of 13%. Your friends cannot deduct their payments to you without proper documentation, which include forms they must obtain from the IRS.
I admire your honesty, however, unless you need to show a certain income to qualify for some government program, I can think of no good reason to go out of your way to pay taxes. |
|
me
|
You will file your taxes as self employed. Enter 2100 under gross receipts on Schedule C and see if you have any deductions you can take to lower your income. After amount after any deductions is your net income. This is the amount you will pay self employment tax on. This tax is figured on Schedule SE. Your net income from Schedule C is transfered to your 1040. Half of your self employment tax is transferd to the 1040 as an adjustment and also on the 1040 under the tax section as taxes owed. |
|
Tim
|
You wouldn't get a w2, maybe a 1099.
Why not let sleeping dogs lie. Have you heard of the underground economy? |
|
hirebookkeeper
|
It's a little more complicated than your friend buying the form W-2 filling it out. He has to be registered a tax paying entity and should have witheld taxes from you as an employee. If you were an independent contractor, then you either get a 1099 from the person who hired you or you claim it as misc income, or dont claim it at all. As an independent contractor you can deduct expenses. |
|
Shonna S
 |
how do i file taxes on the money i earned baby sitting |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 34 minutes(s) ago
| | | |
9 | 46 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
