 Do you claim unemployment with the state you work in or the state you live in? |
Additional Details
Ok maybe I need to add details.. I work in Missouri, Live in IL. Just got Temporary laid off starting last monday, Company is low on work since the economy is so bad ... |
|
 Could the USA survive without property/income taxes? |
If we abolished property and income taxes, but also all welfare programs, could we (the USA) still support our military, education, etc? Assume that we pay our debts off, then could we?
A... |
|
 Do Amish communities pay taxes? |
| Since they are basically self sufficent do they pay federal and state taxes? Are they eligible for SS beneifts and medicare/medicaid?... |
|
 How likely is it to get audited by the IRS? |
| I ask because I am self employed and have to keep receipts for EVERYTHING. My mom is always ragging on me because you "never know when you could get audited" because I haven't been ... |
|
 What are your views on cutting VAT to 15%? |
What will this mean?
save a few pennies now but cost us dearly in the future?
How will this affect those trying to make an honest living and struggling with bills and mortgages? ... |
|
 Where is the law that says we have to pay taxes? |
| what law book can i look in or website that says this. the rules and regulation on taxes. why doesn't everyone in america stop paying there taxes. what are they going to do. they cant put us all ... |
|
 Child's mother worked last 4 mos. of '07. I claimed child all year,who gets to claim child for tax year '07? |
| I believe that it's fair that I claim her for my tax returns. (I always give her half). If she files first and claims our child, I would have to pay taxes on the whole year, right?... |
|
 Are Real Estate Agents required to file taxes every year? |
| My friend and I are arguing about this topic. I say they are required to file taxes every year. She said they are not required to file every year. Does anyone know the answer??? What happens if ... |
|
 Is there an actual law that requires you to pay taxes? |
| I'm being serious about this. If so, please list the law that says you have to pay taxes.... |
|
 How easy is it to file taxes for a first time homeowner?? |
I have always done my taxes for myself online using one of the many free websites. However, in the last year I have bought a home and was wondering if its much more complicated??
-I am ... |
|
 About how much money can you get in my income tax return if I donate a car? |
| I heard, and i've seen many advertisings about donating cars even while i'm driving.. the thing is that i have this other car, which needs a few repairs, but i wouldn't want to spent ... |
|
 Going on unemployment? |
| i havent worked in 6 months and was wondwering if i should get on unemployment. i goto school, i made about 6k last year from working and i was wondering if this would affect anything in my life ... |
|
 Child benifit? |
| me and my partner want a baby but he works full time and earns 15k i earn a little less and would like to stay off work for as long as possible to start with how much money if any would we be ... |
|
 Do we really need to raise taxes? |
Wouldn't it be a lot better if Congress just learned how to spend less?
I think they should just drop all the subsidies for a year then decide who really needs them. This would save ... |
|
|  |
Bill | How much money can my siblings and I give to our mother per year, before we have to pay taxes? |
How much money could any one of us give her before we have to pay taxes? Considering there are four of us, is there a total she could receive in aggregate? This is in the United States. |
 |
 
PepsiLime
|
You can each give her $12,000 per year. If you give her more than that you would have to file a gift tax return, but you have a $1,000,000 lifetime exclusion that you could put any excess against above the $12,000 limit. |
|
HH@20
 |
You, your siblings and your and their spouses may each give her $12,000 without anyone paying any taxes. You may also give her up to $1 million dollars without anyone paying taxes and if any of you give more than the $12,000 you must file a "gift & estate" tax return. So don't worry. give enough to make her comfortable. |
|
Lee G
|
$12,000 per IRS in 2007 |
|
MadameZ
 |
according to my cpa, you can give a person $12,000 without paying taxes
therefore, each of you could give her that amount |
|
Judy1
|
You could each give her $12,000 a year without having to file a gift tax return. If you're married, you and your spouse could each give her that much without filing a gift tax return. So that would be somewhere between $48,000 and $96,000 for the year, depending on how many of you are married.
Even if you have to file a gift tax return, yoju don't necessarily owe any gift tax. |
|
dcholsted
|
You don't pay tax for giving more than $12,000. You can give up to $12.000 to anyone without having to do anything. If you give someone more than that in one year you have to file a gift tax return. Basically, you are reducing the amount of assets you can pass at death tax free by the amount over $12,000. |
|
r_kav
|
Also, if she has medical bills, you can pay those directly to the provider and that won't count toward the $12,000. |
|
MukatA
 |
STS1SS is correct. Pay all the expenses of your mother that is provide her support. Then each of you can separately gift her $12,000 without any gift tax liability.
If you and your spouse together gift her more than $12,000 but up to $24,000, there will not be any gift tax but you will have to file gift tax return. |
|
Myla O
|
Are you a Filipino? In the Philippines we are obliged to pay back to our parents after raising us, giving us the best education hoping that after graduation and landing a high paying job they can retire and we'll support them. But I think in Japan and the US since older people receive pension and due to the difference in culture, it is the parents' obligation to raise their children and give them the best education that they can have so they will have a better future. And when these children grew up and settle down it's their turn to support their own children. It's some kind of chain reaction.
But in your case you have to talk to your parents, all four of you and ask her what she expects from you, if she needed support maybe you can calculate how much she really needs and you can make arrangement. Remember that you have your personal needs too and you also have to put a certain amount for your savings. Think ahead. |
|
STS1SS
 |
This appears to me to be overly complicated.
I assume you are asking this because your mother is in need of some kind of support?
$12,500 if the money is a gift. If you claim here as a dependent then monies used to support her are not a gift, and therefore not taxable. In fact you would be entitled to claim her as a dependednt if you provide more than 50% of her support.
Ask an accountant to be sure, but if the question arises from a need to provide her support, consider taking her on as a dependent.
Obviously factors such as her income, if any, do come into play.
Good luck. |
|
brookangelbroang11
|
50.00 |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 29 minutes(s) ago
| | | |
11 | 49 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
11 | 7 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
14 | 1 day(s) ago
| | | |
11 | 4 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
