 How can I opt out of Social Security? |
I'm trying to see if there is a way to get out of this Social Security BS. However I'm not sure if its possible to do this.
I don't work for cash and I'm not a capitalist.<... |
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 Should I amend my FEDERAL return to report the local income tax refund of $22.00? |
| My wife and I filed our 2006 Federal income tax returns two months ago. We recently filed our local income tax returns and got a unexpected $22.00 return that we had not reported on our Federal ... |
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 Quick tax question here...? |
| If you work two different jobs and one of them takes taxes out and the other one is 1099 (independent contractor), do you have to file the taxes for the 1099 job? If you don't file for the 1099 ... |
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 My employer is taking 6.2% of my income under social secuirty tax? |
| When will I be paid this back and Do I need to pay this mandatorily and I am not a US citizen.... |
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 Why did I only recieve 900 on my stimulus payment? |
| We are married (so we should have got 1200,right?) and I have 1 child, (so that would be 1500..according to the irs.gov website.)Well I tried to call and they could not answer my call because of a ... |
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 Do i need to report my savings interest to my income tax? |
The money i receive from a high interest savings account, do i have to report that as "earned money" to the government?
Additional Details
its because i use PC financial for ... |
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 I want to give my first paycheck to my parents but...how do I do it? |
| I'm starting my first "job" per se, doing a paid internship at an investment bank. I want to give my parents my first paycheck, but to do so I'd probably have to mail it to them. ... |
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 Mailing of our stimulus.................... |
| Is it true that we will only get checks delivered by mail on a saturday? I heard that checks are going out earlier that they thought and that government checks are only delivered on saturdays. Is ... |
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 Can anyone please tell me how much £ 15 000 is in terms of actual wage? |
| i have these two interviews for two different jobs (one is for an insurance company and the other one is for the royal bank of scotland, which if you like you can say something you know about it, ... |
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 I haven't received my $600 economic stimulus rebate? |
| I know it's kind of early, but according the IRS website's payment schedule, I should have received my $600 "no later than May 2". I should have been among the first people to ... |
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 I worked a small time in 2007 only had 34.51 takin out for Federal Income, do I need to file taxes? |
| If so I have 1 dependent my son, I made $541.89 HOW much will I possible get back in tax return. Just an est. Best answer get 10 points today. EXAMPLE: $900, $800, $1200... |
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 Has anyone checked their mail today 5/20 for the stimulus check? |
Additional Details
Yay! I got it today in Wichita area. Last digits 05. Hope you all get it very soon.... |
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 How effective is offering an offer to compromise to the IRS yourself. Is a tax lawyer needed? |
| My tax debt is very high, with no ability to repay due to health. I need to get this resolved.... |
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 Who can claim child on taxes? |
| My ex does not pay child support, even though he has an order. On the custody order, it is worded that we have shared custody, with physical custody with me, he is alloted every other weekend for ... |
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 Higher rate (40% of income tax affect you? (UK)? |
For Up to £33,300k p.a, it's 22%, then it goes up to 40%.
Are you therefore worse off earning £33,400 than if you were earning £33,299?
How does it affect other things ... |
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 Can i claim my new baby on my taxes? |
| Hi. I hope you can help me with a situation i have about when i file for taxes. i am 17 years old and i plan to file my taxes in 2009. I have been working for a year and 4 months now and me nd my ... |
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| Council Tax Court Summons can they do this? |
| I pay my council tax monthly and the installments are 10 payments from 1 April to 1 January for the period 1 April to 31 March (payments due on the 1st) I was a bit short of cash with Xmas ect so ... |
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 If i won $250,000 AUD how much would the tax people take? |
i live in victoria and i earn barely anything
Additional Details
by the way 40% seems alot. thats like 100,000. can anybody explain this a bit more? 40% is criminal!... |
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RON | How much cash can i give as a gift without a tax problem? |
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lizzit
 |
Since you have posted this to the UK tax forum, then it's UK tax laws that apply. Most of the respondents are posting US tax law; you can tell by the "$" in their postings.
In the UK, you can give any amount you like in excess of our pitifully small amount of £3,000. If you die within seven years of making the gift, your estate may have to pay inheritance tax on the gift. If you outlive your gift by 7 years, there's no tax. There's loads of information about this and exceptions to the rule on www.hmrc.gov.uk. Call Inland Revenue or look at the site below for more info.
To the other respondents: Please check to see what country the question is from before pontificating. Also, the US limit this year is $12,000, not $10,000 as many people wrongly stated. |
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CLIVE T
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It used to be £3,000 in any one year, however if they have not received any the previous year, you can give £6,000 but check with the Tax Office first. |
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teddybear
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Are you in the UK?
Our Tax Allowance is £3,000 per annum to each Grandchild, OR £250 per annum, but not both.
The rules for giving to Children is slightly different, with you be liable to any Tax payable on their earned interest.
Best to give Inland Revenue a call, or look them up on the web. It can be a minefield., particularly with Inheritance Tax. |
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supremecritic
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i think its about £8,000 but changes if the gift is shares |
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taxed till i die,
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You can give me as much as you like i will not say anything except thank you |
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Vig
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Let me phone Inland revenue ... can I have your address please? |
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rose_merrick
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I gave just under £10,000 to my brother in the uK -elsewhere I am not sure, although I live in Australia now and I think it is the equivalent sum here |
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andrew m
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to me as much as you like i wont tell a sole |
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Kokopelli
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You can give as much as you want. The problem is when you file a return and claim it as a deduction. Limit the deduction to whatever is the recommended maximum to avoid a red flag that might trigger an audit. For example, if you claim you make $25,000 a year and then claim a gift deduction for $30,000, even I would be a tad suspicious of that one.
Having said that, send me all your money and dicker over the tax deduction later. |
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VR
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You can give $10,000 per individual per year. For instance if you want to give money to your son and he has kids, you can give $10,000 to each of them without incurring a tax issue, or they for that matter. |
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Mark C
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start by giving me £10 today then £20 monday, £30 tuesday etc until you start paying tax. That way you will know the answer. |
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