 How do i stand when renting out flats and paying tax on the income.....? |
| the 2 flats are mortgage free and they are ready to rent but i've been told i have pay tax on this, this cant be true. is there anyway i can get out of paying them tax?... |
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 Is it wrong to ask "wealthy" people to pay more in taxes % than the average person? |
| Asking the wealthy to pay more in taxes is unfair. You are probably richer than someone you know, should you pay more taxes than they do? Why cant it be a flat tax? A percentage is fair. If you ... |
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 Non custodial parent wrongfully claiming child on taxes? |
| What do you do when the non custodial parent wrongfully claimed the children as dependents and filed their tax return first. My E-file was rejected because my dependants had already been claimed. I ... |
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| i want to surrender my existing pan card and want to get a new one.is it possible?... |
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 TAX. If my wife’s sister only works for only 1 month, can she file her 2 kids (both are under 18 years old)? |
Here’s their situation.
My wife’s sister and her 2 kids just came from the Philippines in late October. She just started working this week.
She is 38 years old and lives with her Dad ... |
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 Does anyone use Turbo Tax, and if so what is your opinion about it? |
| Did you have any problems, was it easy to understand, was you able to do both state and federal taxes, is easy to incorperate 10-99's , would you recommend it?... |
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 I need a real answer, FAFSA related? |
| If a friend's parents are refusing to give the information required for the student to fill out the FAFSA what can the student do? Specifically, what are the steps that need to be taken to fill ... |
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 Do married couples get a bigger tax break than non-married people? Or do you get more back as an independent? |
Do you get more back on your refund if you aren't married or are you more likely to get more back as a married person?
Additional Details
not talking about the credit for having ... |
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| because i recieved a phone call from 1 (104) and thats all it showed on my caller id.so i answer it and its a guy who goes by the name jordan williams and he says hes from the Department of Social S... |
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 Tax question? |
| My mom always does my taxes, and this year she said she was going to claim me and my son so she would'nt have to do as much paper work and she'd just give me the money. She gave me five ... |
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| What penalty do you think Wesley Snipes should face? |
| He is accused of a $12 million tax fraud and failing to file several years returns. Should the courts really send a message to other high profile tax protesters by sending him away for 15 years. Or ... |
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 Where do I stand with the IRS? |
| While looking through past divorce records, I found that on his 2003 and 2004 tax forms, my exhusband claimed that he paid me alimony for those years. I never received any alimony and was never ... |
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 I LUV FRANCE!!!!!!!!!!!!!!!!!!!... he he he? |
| does anybody luv tat place! i do i do! even tough i have never been there i still luv it!!!!!!!!!... |
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 Tax?Its a boring subject! But we Brits get so ripped off!? |
| Income tax,National insurance,Council tax, Inheritence tax,Capital gains tax,Tax on savings,Tax on cigarettes, Tax on food, Tax on Fuel,Vat, Duty and so we continue to get hit with stealth taxes, W... |
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 Is it better to itemize or use standard deductions? |
| My itemized deductions are almost 3x greater than my standard deduction. Go with itemized?... |
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 Can I claim my 18 year old son as a deduction on my taxes this year? |
| He graduated high school in June and has been in community college since September. Thanks.... |
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 Council Tax (am I entitled to get it back)? |
| My father invested in a second property and asked me if I would like to live in it rent free until he decided what to do with it, I ended up living there for 4 years. For all of the 4 years I lived ... |
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Victor M | I'm a mother of two, and i made 30,000 last year. But, i didnt pay any federal taxes,will i qualify? |
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Richard M
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$900 rebate.
Under the compromise bill passed by the Congress, you would be eligible to receive a rebate of $300 since you had earned income of at least $3000. Since you qualify for a rebate, you would get an additional $300 for each dependent child.
While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income. |
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butterflygirl_76067
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i have been told as long as you earned income. So I dont know.
I am not getting my hopes about this rebate until I got a check in my hand.
I'm the same I earned income but didnt pay any taxes all year. My grandma watches the news like all day every day and she tells me I will still get a rebate. |
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turkus07
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if you filed a tax return you might if they ever pass it |
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Grace12
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If you made at $3000 in 2007 even if you did not pay taxes, you will get at least $300. |
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Suzanne T
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No one exactly knows. But the rebate is actually a tax credit given for the 2008 period given early. It rebates you on the first 6000 you earned. However it is based off of your 2007 return, and if you got money back, and your adjusted gross income was 0 then they cannot rebate 0 dollars. But know one knows yet, your going to have to wait for it in the mail like the rest of us. |
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rtfm
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Even if you didn't have to pay any taxes, you should be filing a return. I don't understand how you can possibly earn $30,000 and not have to pay any taxes. Did you get a W-2? Didn't your employer take any withholding out of your pay? |
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samrhule
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You may be "qualified" for a Tax Audit and or charges for failing to file a tax return. That's about as far as qualifying is concerned. (See latest news info on actor Wesley Snipes)
How could you earn 30K though and not pay taxes? Were you "paid under the table?"
My recommendation is, schedule an appointment with a tax officer at the IRS. Let them review your situation, pay your outstanding taxes so that come Feb' 09 you can claim a hefty return on the taxes you paid, plus with having 2 kids as dependents, you get $1,000 for each of them. |
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Jeremy B
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Qualify for what?
You may end up owing some money if you paid nothing, but with two kids and relatively low income, you will qualify for EIC and probably the additional child tax credit. You may end up getting a small amount back, but there are too many variables.
What you need to do is make sure you fill out your W-4 correctly next time and have taxes taken out of each paycheck so at the end of the year you don't have to worry about things like this. |
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