 What are the tax laws regarding winnings? |
If I won $1,000 on a slingo drawing (online gaming site) how much would the IRS take and where/how do you report it? Would it make a difference if it were only $200?
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I ... |
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 My son in law discovered that his employer hasn't been paying his Tax and NI contributions,what should he do? |
| He recieved a letter from the DSS to say they had noticed he hadn't paid any contributions for over 20months and he approached his boss who said she would look into it but who has now admitted ... |
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 How do I file a past due tax return? |
I did not file for 2006 but I think that I was supposed to get $$$$ back. Is there any way to file online?
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Where do I go to file it online?... |
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 When do I have to start paying council tax? |
| I am currently a student in my final year and graduate this summer. Last year I bought a house with my boyfriend and currently as we are both students we don't have to pay council tax. We were ... |
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 Can my parents claim me for 2007? |
| I moved out of state from my parents in the beginning of January, and turned 19 years old in February. I have worked full time since then, and I will be going to school in summer and fall this year. W... |
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 Can He Claim Her On His Taxes? |
| My daughter lives with me Her father is in the marines and he wants to try to claim her on his taxes yes he pays child support but she has lived with me from day one i have been told by several ... |
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 Will I have to pay a penalty for taxes if I didn't pay in all year? |
| I just got married in July. Last year , on my own, I got a tax refund of $3000. This year, I am sure I will be owning in, because I am self employed and married - so, I think I'll owe ... |
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 Checks anyone? |
| OK all I want to know is if anyone got a check in the mail who was supposed to get one 5/23? I know my schedule but I was wondering if any out there are coming early. I got my letter today and it ... |
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 I make 108,000 a year i live in california maried and have a 9yr. and 17yr. old. how much would i have to rite? |
| off before i can get back at least 20,000.00 back on taxs. i useally get back 13,000 but last year i paid way more in interest. I also had to spend a lot of money on our rental property this year.... |
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 Which tax preparer should I go to?, H&R or Jackson H??? |
| one asks me for more papers such as fuel bills and license fees paid receipts,the other one doesn't.but is cheaper. ?????????... |
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| Does an inmate in a federal prison have to file federal and state tax returns while they are incarcerated? |
| Does an inmate incarcerated at a federal prison have to file federal tax return for every year they are locked up? Do they have to file state returns even if the state they are presently in isn'... |
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 Is it "legal" to wait untill next year to file ur taxes? |
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Im only going to receive a small amount back - does that make a differnece?... |
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 "Where's my Stimulus Payment?" , could someone please set something strait for me? |
| I have checked this and it still is showing now info for us. I have heard some say that you should be seeing your info BEFORE you get your refund? And that it shows the date and everything. Has ... |
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 Do employer's have to pay taxes? (from their own money?)? |
I know they pay the IRS a percentage from their employees paychecks... but do employers have to pay taxes of their own?
If so, what %? (for Los Angeles, California)
If I hire an ... |
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 I have $25,000 in medical expenses from 3+ years ago, can I claim these on my taxes? |
| I had surgery back in 2005 and the insurance I had refused to pay it, so now I have $25,000 in collections. Is there anyway to put these on my taxes now, or should I have done it back in '05? I... |
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LG | How do I know if I'll owe money or get a refund for my taxes? |
I don't really understand what determines the amount you owe or the amount you will be refuned on your taxes...As long as you aren't reporting inacurrate tax information (claiming too many dependents, etc) for your employment, is it assured that you won't owe anything?
I just started working professionally in July of last year so I did not make a ton of money (about $10,500), plus I have student loan interest of upwards of around $765. So, my employment and my student loans are the only places I will be reporting tax info on. I claimed myself as a dependant.
Could you assume at the very least that I wouldn't owe anything? Just curious. Thanks. |
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ninasgramma
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There is no assurance that you will not owe taxes in addition to your withholding.
With the information you have provided for 2006, you will owe just over $200 in taxes. So if your W-2 shows withholding greater than that amount, you will get a refund.
Be sure to subtract the student loan interest paid on Line 33 of the 1040. |
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*Aimzie*
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You shouldn't owe anything. If you only made 10,500 dollars last year you should get some back. You probally paid what about 1,000 in taxes? I think you might not even have to pay taxes making so little. You definitely will not owe with a low income.
It has to do with the amount you make determines the tax % you pay on. |
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RGS
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I think the government sends you a slip or something that says you owe money after you do your taxes and sends them off. Plus you should get a check for money if you get money back. It's what happened to me!! |
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whatevit
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From my past experience, You would do well to file you taxes right away and get your check. You could sent the check to your student loan bill and next year you will be in a good place.
The federal government, usually collect taxes in excess as to what would be owed. Don't fall for those "quick money traps". Wait for the U.S. Mail it is slow but $100.00 in your pocket is worth 5 week wait.
Pay off the student loan as soon as you can, save money from your pay to buy a house. Buy the smallest, cheapest, place you can find. The money you spend in rent (if you move from your parents) is a waste. |
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Scotty
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The only way to know for sure is to do the math. To know if you will have to pay, we need to know if you are living on your own, or with Mom and Dad. On your own: you will not have to pay. with Mom and Dad: maybe.
Fill out the 1040EZ and you will know for sure. You can get the form online I think. Very simple to do. |
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Judy1
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You should be OK this year, as long as you didn't claim too many allowances on your W-4, since they'll have been withholding since July as if you made that much all year which you didn't.
But no, there's no assurance that you won't owe just because you claimed only the allowances you were entitled to, but you should be fairly close. |
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timo_10
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On the IRS site, I think it's www.irs.gov they have a calculator that you can estimate your taxes. |
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bradxschuman
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My assumption is you would NOT owe, based on the info you gave. Assuming you had withholdings taken from your salary, you'd probably get all of it back. |
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