 I'm trying to find a law that requires my friend to pay an income tax & file a 1040... Could somebody help? |
I know this stuff can get people a pissed... but really... I am trying to find this out as a friend has asked.
He said "show him the law that requires him to pay the income tax and ... |
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 What time does the irs dd stimulus payments into the bank for May 9.? |
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 My ex owes me over $8000 in back child support - how do i get his tax return garnished? |
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 Has anyone filed taxes with H&R block before? |
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 Income tax is illegal? |
| Did you guys know that there are no laws that require americans to pay income tax, so the IRS is just lying to us when they say it is the law for our wages to be ... |
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 Is the uk better with a pound or euro? |
thanks
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 If you wanted to give someone a large amount of money.......? |
| If you wanted to give someone a large amount of money, would they be liable to pay any tax on the money you give them? I know you have to pay an inheritance tax if you are left money, but not sure ... |
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 Where can i find the law that states that workers must pay income tax? |
i've seen the laws about property taxes and corporate profits taxes, but i can't seem to find a law that requires people to pay a tax on labor and wages.
Additional Details
i ... |
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 This is for people livin in england? |
This is for people livin in england?
with regards to claiming housing benefit and income support, would I still receive this if i relocated to Spain??my rent is late and i only receive half of ... |
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 Do you live paycheck to paycheck? |
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 We will be moving to UK in a few months. Will we qualify for the Child Benefit and the Child Trust Fund? |
We will be moving to UK in early 2009 from the Philippines for a job assignment. Are our three kids qualified for the Child Benefit and the Child Trust Fund?
Additional Details
My ... |
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 If home prices are falling? |
| Will our local tax assessors adjust our home values as well? Last year when a proposal to not exempt disabled homeowners from having caps, the tax assessors office simply raised the value of the ... |
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painnothing | I'm 18 years old student working part time job.. making 7 bucks an hour..? |
I'm 18 years old student working part time job.. making 7 bucks an hour.. I've been having federal taxes, state taxes, medicare, and north Carolina withholding taken out from my paycheck every week.. i make about 400~500 a month.. i will expect to make about 2500~3000 before i quit for college.. i have recently found out if i'm dependent, which means if i still live with my parents, i can be exempted from taxes by filing out a w-4 form...
my questions are..
1. if i file w-4 form, will i be exempted from taxes?
2. if i get exempted from taxes, then how can i get the taxes i paid for 3 pay checks? |
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lvl 39 legit on halo
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have your parents claim you and they get more back, and jus take sum of that for them claiming you. |
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MukatA
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1. If someone can claim you as dependent, then your filing status is Single Dependent.
2. If you are going to make only around $3,000 in 2007, it won't make any difference to you if you are Single Dependent or Single Non-dependent. For your earned income, you will get standard deduction of $5,350.
3. Social security tax, medicare tax and CA SDI are deducted at a fixed percentages (6.2, 1.45 and 0.6) and it does not depend upon what you put on your W4. These taxes you have to pay, no choice.
4. What ever has been withheld for federal income tax and state income tax, you will get it back when you file your tax return. You must file your 2007 tax return before April 15, 2008.
5. You can't put "Exempt" on your W4 because the instructions on W4 says that if you are dependent and your income exceeds $850, you cannot claim exempt. |
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Jennifer T
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You wont be exempt from everything. You will get most back in your refund after you file your taxes.
The W-4 form works a little different from how I think you are expecting it to.
You can find a copy here: http://www.irs.gov/pub/irs-pdf/fw4.pdf |
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Judy1
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You have cause and effect mixed up. The W-4 form doesn't exempt you from taxes. What it does, if you say "exempt" on the form, is tell your employer not to withhold any federal tax from your paychecks. If your income for the year is under $5350, then you can put exempt on the form - you won't owe any tax. If you made over that, you would owe tax, and it would be illegal to put "exempt" on the W-4.
If you don't have any tax liability, which you won't if you make under $5350, you can file a tax return, probably on a 1040EZ form, and get anything refunded to you that was withheld for federal income tax.
You might or might not still owe some state income tax. |
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Ced Reynolds
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You really need to speak with an accountant. |
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Tony K
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You should be exempt because you are considered a full time student, and you haven't made more than $5000 for the year. You will get your money back with the rest of us. After April 15, 2008. Good luck and God bless. |
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v b
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1. New W-4 with exempt would be allowed. It's forward only. It only affects the federal taxes. (Social security and medicare are givens; your state may have it's own form.)
2. You would file a tax return next year to get a refund of the money already withheld.
Note, do you have any college savings? As a dependent you get a sliding standard deduction. It's a minimum of $850, a maximum of $5350 and the sliding amount is based on your wages plus $300. So if you had wages of $2500 and interest income of $400, you actually would owe taxes and couldn't claim exempt. |
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xbluelikewaterx
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Makes sense. If that's true I sure wish I'd done that with my job. |
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JE
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You should have filled these out when you started your job. But to answer your questions...
1. No, you will still be taxed, but for significantly less.
2. Sorry, you are out of luck. You will get some money back on your tax return. |
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Lex
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You MUST file taxes - you will likely get most of what you paid in taxes back because you'll be making under the limit which - last I checked - was $16,000 per year. |
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Kablob
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regardless of what you make an hour or in the year if you are in school you will recieve a paper from your college or request one from your high school and you will receive full tax back on federal and state taxes. dont take it to h&r block. take it to a local church or what not they will do it for free. or ask a family member were to get it done free.
if you are a FULL TIME STUDENT you are FULLY EXEMPT from FEDERAL AND STATE TAXES. |
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