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 What's the tax and penalty for cashing out your 401K if you are changing jobs?
Yes, I'm under 59 1/2......


 OKAY! Good NEWS! For those WHO Got 1/23 DEPOSIT DATE..I SPOKE TO IRS...LIVE...and here's the scoop...?
Okay about thousands of us are getting the refund status online "That you should have gotten your refund on 1/23/09 and that you should call if you haven't gotten it today 1/28" Well ...


 Sorry everyone i mean where can i walk in with my paystub and get my taxes done besides h&R block?
i dont have a w-2 ...


 They want me to be in dubai...!?
Hey guys i hope u remember me...
as i ve mentioned b4 that i've been getting mails from mariam n a bank which states that i've won a lottery of 1000000$...
Now i've recived ...


 Is there a law saying people must pay an income tax?
...


 Is it legal for our local concil to clamp my car after i have missed one council tax payment?
they came on to my driveway in a house that i have a mortagage on and clamped my car when i wasnt there and then demanded the full amount of council tax for the year plus charges before they took the ...


 If you have no income do you have to file a tax return?
My grandparent live in NJ. They are retired seniors with absolutely no income, meaning no federal money or retirement fund. Do they have to file a federal income tax return?...


 Has anyone checked the "Wheres My Tax stimulus" ( Rebate) on the IRS website?
I went to the the IRS website earlier this afternoon and they now have a link where you can click on to find out the amount and date you will get your rebate. First you go to "Wheres My Refund&...


 Have you read about the £5 carbon tax on Barbcues yet?
...


 Which law states that a person must file income taxes?
taxation ...


 Do I have to pay UK tax???
I'm only in the UK for about 10 weeks a year now, do i have to pay the full bifta? or is there some sort of a calculation as to what can get away with? am sure they wouldn't tell me even if ...


 NI number?
My friend came from Germany for few month to work in England. But as he needed money,he had to start work immediately. He didn't have a NI number so I gave him mine. Now he is using my national ...


 If you live in the usa and going to get that tax bounus what are u going to do with it?
i am just wondering if any body all ready made plans on how they are going to spend there tax ...


 Since this country was founded on no taxes, is there a legal way to get out of paying taxes?
...


 Taxes: How do I keep my parents form claiming me as a dependent in this years taxes?
I just graduated and am living and working on my own. I want to make sure I am independent from my parents so I can get a stimulus check this go round. What do I need to do to claim myself as ...


 How do I know if I get a rebate check?
I filed my taxes this year and made just about 8,000. I think my dad claimed me, but he keeps asking me if I have recieved it yet, since I'm suppose to have it direct diposited in my account. H...


 Are there any states out there that do not have a tax on cars?
i am sick of paying taxes on cars are there any states that do not have a tax on cars out there? maybe i can get my new car from there and not have to pay taxes on it. lol Virginia taxes ...


 Do i have to report a 200 thousand dollars to the IRS??
Well, my dad just sold a piece of property on his native country and he will be receiving the money in here, so does he have to report that money to the IRS even thought it was for a foreigh country ...


 Am I entitled to any benefits?
I earn £16,000 pa and my partner earns £12,000 pa. We both live together in rented accomodation with no dependants.

We are struggling quite a bit and was wondering if we can claim any? M...


 How many hours can I work in a second job before i get heavily taxed?
...



kate14778912
I'm considered to be "self-employed". I made 12K last year. What do I owe the IRS? -?
I don't pay state income tax. I have no dependents other than myself. And I don't have deductible expenses. Or any records of chartiable contributions.
                     
 




pancakes & hyrup
Rating
Roughly 10%. If you have no dependants probably a little higher. Say bye-bye to $1,200-1,500. Sorry....

If that's ALL you made all year, then you may qualify for a lower income tax bracket and maybe even a home heating credit (assuming you live on your own, I don't know your age...)

The you'll probably be down around $500-$800 owed.


bostonianinmo
Rating
Assuming that that is your net self-employment income, you'll owe $1,836 in Social Security and Medicare taxes and about $355 in income tax for a total of $2,191. If you did not make quarterly estimated tax payments there will probably be a penalty and interest for underpayment of estimated tax added on to that.


raventattoocare
Rating
The easiest thing to do is to call the IRS directly and ask them! They give free advice over the phone and are actually pretty friendly.


karen i
Rating
get yourself a tax form and tables and fill it out and you'll know.


KUJayhawksfan*
you may not have state income tax, but you will have federal income tax. So your answer is yes.


Lisa A
Rating
Fill out a 1040 and find out. You only have a few days left to do it anyway.


father of 4 husband of 1
Rating
You still have to file. The IRS will determine what taxes you owe but beside that, you should also be paying into other taxes such as social security etc. If not you will cheat yourself out of money at retirement ( assuming the government doesn't cheat you first.)


Daft One
Rating
My best guess (and this is JUST a guess) is that you will probably owe them about 3,000 dollars. That's because you have not paid taxes and you have zero dependents.

Cheers


antjemm84123
Get TurboTax - it's great!


$Sun King$
Rating
12K gross or net? Either way there should be a floor. In Canada they can't tax you on the first 8 or 9 thousand.
IF you are self-employed, you should be able to claim business expenses provided you have receipts. It also matters as to what form of business you are in.

Check out these resources and brush up for next year.
You may be frittering away hard earned deductions.

IRS
http://www.irs.gov/

Small Business and Self-Employed One-Stop Resource
http://www.irs.gov/businesses/small/index.html

Tax information for individuals
http://www.irs.gov/individuals/index.html

Alternative Minimum Tax (AMT) Assistant for Individuals
http://www.irs.gov/businesses/small/article/0,,id=150703,00.html

Do You Need to File a Federal Income Tax Return?
http://www.irs.gov/individuals/article/0,,id=96623,00.html

Free Tax Return Preparation For You by Volunteers
http://www.irs.gov/individuals/article/0,,id=107626,00.html

1040 Central - What's new this year
http://www.irs.gov/individuals/article/0,,id=118506,00.html

Online Filing
http://www.irs.gov/efile/article/0,,id=118574,00.html


msshaden
Rating
You won't know until you sit down and fill out a 1040 along with a Schedule C. Do realize that you are going to be responsible for paying your own self-employment taxes. I'd like to help if I could. Let me know.


joann t
Rating
That is not much! If you want to make more I know of a business op that could help. E-mail me at tal337@yahoo.com


rooster
Rating
0.00 nothing nada you are below the poverty level


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