 If a credit card has been reported to the IRS for non-payment, can the IRS take my tax-return when I file.? |
I have credit cards that are being reported to the IRS for non-payment. When I file for my taxes and get a return back, can the IRS just take that money and apply it toward my credit card debt.
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 I pay my friend to watch my son and I pay her everyweek, how do I write that off? |
| I pay her in cash, how do we claim that on taxes? do we need documentation? She is just a family friend, she doesn't have a special licencing for it.... |
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 Inherited and sold a house, do I pay income tax on this? |
| A computerless friend of mine lost her parents this year and inherited her parents house throught a pre-signed quit claim deed. She has since sold the house and banked the money. Does she have to ... |
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 Employer of 6 months has not paid tax to IRS, though they withheld it from me. Who is responsible to pay? |
| It's a new company and it was recently discovered they did not pay the IRS the taxes they withheld from all employees paychecks. Unfortunately, we have not been receiving pay stubs (I have 3 or 4... |
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 Full Time - Tax? |
I'm 17, been working at my job for the past 3 years.. 2 and a half as part time, 6 months as full.. and im yet to get taxed.. i get paid monthly..
i think its the best thing to own up ... |
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 Tax Q.. Please reply if you are a tax expert!? |
Let say if i made $ 14K this year. I paid $6000 in tution for my college. I m single with no dependent. Would I be eligible to have some money back (lumpsum).
Also if someone can explain what ... |
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 I Wanted To Know When I Would Be Getting My $600 Tax Reabte? |
| the last two numbers of my social security # are 77 i know its in may but i wanted like a date thanks ... |
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 I got first paycheck and I lost 8.5% of amount to Social Security, Medicare, disable taxes! can i get it back? |
| I got first paycheck and I lost 8.5% of amount to Social Security, Medicare, and State-disability taxes! can i get it back? why is the gov't robbing me of my hard earned money? I am a college ... |
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 How much does the average American pay in taxes? |
| I'm doing a paper for school and does anyone know how much the average American pays in taxes/... |
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 Do i have to pay tax when i buy something out of state? |
| had one company charging me sales tax (ToysRUs) and the item is being shipped of OH. another company isn't charging me tax (Rightstuf) and they're shipping from IA. so what's the ... |
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 Is Social Security Money enough to cover expenses when we retire? |
If that they dont cut benefits and you worked whole your life till retirement. would you get enough money to sustain same level of living after retirement with only SSN money?
Additional D... |
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 Should i use H&R Block for my taxes? |
| Is H&R Block a good firm to do a persons taxes? I hear people say they are a ripoff because they just fill out an electronic form they are reading off a computer, and that i would be better off ... |
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 I was told by my accountant that my direct deposit tax refund would be in today (2/9) but it is not showing up |
| Is there any way it could go in tomorrow, I bank with Regions. I just called them and they said no pending transactions.... |
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| Can i get in trouble for sending my taxes in late? |
| If I send my 2006 tax return in like september or october, can I get in any real trouble, or just get fines? What if all my income was self-employed, does that make it worse?... |
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 IRS on trying to jack me? |
| Help me out ok. i'm a independent business man. i work for fedex ground. i file my taxes last year. I add my little brother to my claim, everything was good with the accountent who did my 1090. ... |
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 What should a single person with no children claim on his W4 form to get the most money per pay? |
| I just started a new job, and I'm having trouble figuring out how to fill out my W4 form. I'm 25, single, no children, and my parents can not claim me. What number of allowances, if any, ... |
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gurly girl | I'm getting taxed...how do I claim my money back? |
I'm 17, a college student, work part-time (15hours week) and I'm getting taxed for some reason. I shouldn't be getting taxed should I? How do I get my money back? |
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steffi
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You need to tell us how much you are earning,and what code number your employer is using. Currently, you can earn £6035 a year (£116 a week) before you pay tax. Employer should be using code 603L on a week 1 basis. If form P46 not done, he may be using code BR, where all your wages get taxed at 20%.
Tax office won't do a mid-year repayment if you are employed. When did your job start? After 6th April last? I really don't know enough to give you specific information, and suggest you contact tax office to see what information in needed to put you on correct cumulative code number. |
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John D
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If your total earning are less than £6035 for the year you will have to apply to HMRC for a refund of any tax paid. Unless you only work during the holiday period you are subject to tax just the same as anyone else. Ask your employer for a form P46 to ensure the correct tax code is being operated on a weekly basis. |
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Chappy
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Don't worry it's just emergency tax.Talk to whoever works in admin at your place. They will sort it out and make sure you get your money back.
However, after you've earnt a certain amount of money, you'll start getting taxed. I'm 18 and I pay tax, I've been working since I was 16. It's nothing to do with age, or with the fact of being in full-time education. |
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sdw
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you need to complete a P38(s) form with your employer. Goto revenue and customs website. It all depends on whether it is a holiday job etc. |
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msK
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Is this your first job? This happened to me when I left my first part time job to start a new one where I work now. If it is your first job, then I would speak to your boss or your local tax office.
If it is your second job, you are on emergency tax. When you leave your first job your employer MUST give you a P45 which you give to your new employer. This holds important details such as your gross taxable pay, tax code etc. The longer that your P45 is delayed getting to your new employer, the longer you will be on emergency tax. I gave my P45 to my new employer but it still took a while, so I went to my local tax office where you can ring up your company's tax office and they will sort it out for you. I got my tax back on the following months pay.
Ask your employer for details of their tax office so you can contact them.
Have a look at HM Revenue and Customs website, they will have a lot more information.
http://www.hmrc.gov.uk/index.htm - home page
http://www.hmrc.gov.uk/incometax/emergency-code.htm - emergency tax |
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SimonC
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First thing is that everyone is liable to pay income tax and national insurance, even children and students. You can earn £6035 a year before you pay income tax, which is then payable at 20% on everything else. National Insurance has a similar level where you pay nothing, then you pay 10% (I think) on everything else.
(There are some higher limits where tax becomes 40% and NI changes, but I am assuming you are well below these).
Normally tax is calculated each week or month by extrapolating what you have earned already over the rest of the year, working out the total expected tax bill, and then charging you the proportionate amount for one week or month.
National Insurance is calculated slightly differently. You pay it each week or month on what is earned that week or month, irrespective of what you have earned previously or might earn in the future.
If you finish a job half way through a year your old employer gives you a P45 which shows how much you have already earned and what tax you have paid. The new employer can then take this into account in the new job.
If you start a job without a P45 the new employer doesn't know how much tax you have already paid. They can get the information from the tax office but it can take some time. In the meantime they will charge you emergency tax, which means you will pay income tax of 20% on everything. Once the employer has your correct details this will sort itself out and you will either get the tax back, or pay no or very little tax until you are back where you should be.
If you are working at the end of the tax year (5th April) the amount of tax paid will almost certainly be correct. But if you stopped working earlier in the year (ie a holiday job) you may have paid too much tax. In that case you can apply to the tax office for a refund of the overpayment.
You may be caught in the emergency tax situation, in which case it will sort itself out eventually. Otherwise the amount of tax you pay will depend on how much you are paid. 15 hours a week for 52 weeks is 780 hours, so if you get paid more than about £7.70 per hour you will be earning enough to pay tax. If you really think you are paying too much check with your tax office, who will be very helpful. |
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jamiemcc89
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screw the tax man x (worked for me hehe) |
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CHARITY G
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You get it back at the end of the year . . . when you apply for a refund. Unless you qualify for non-taxable status . . . that is you do not make enough money to be taxed . . . go to the IRS website to grab the form you need to file . . . and to verify that you are in fact exempt.
Table 1-1. 2007 Filing Requirements for Most Taxpayers
IF your filing status is... AND at the end of 2007 you
were...* THEN file a return if
your gross income
was at least...**
single under 65 $8,750
65 or older $10,050
married filing jointly*** under 65 (both spouses) $17,500
65 or older (one spouse) $18,550
65 or older (both spouses) $19,600
married filing separately any age $3,400
head of household under 65 $11,250
65 or older $12,550
qualifying widow(er) with under 65 $14,100
dependent child 65 or older $15,150
* If you were born on January 1, 1943, you are considered to be age 65 at the end of 2007.
** Gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside the United States (even if you may exclude part or all of it). Do not include social security benefits unless you are married filing a separate return and you lived with your spouse at any time during 2007.
*** If you did not live with your spouse at the end of 2007 (or on the date your spouse died) and your gross income was at least $3,400, you must file a return regardless of your age. |
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