 I was claimed as a Dependent!? |
| Okay here's the deal, I lived with my ex and his mother from the beginning of 2006 till the end of 2007. (2 years) In 2006 She claimed me as a dependent because I was still attending school and ... |
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 Where do I file Income tax onlone safely? |
| I have always used H& R but they have gotten out of control with the fees and pushing the green debit card. So I want to file on my own no itemizing single w two kids. Any tried and true services?... |
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 TAXES...What do you think of this? |
This is someone else's quote but I personally feel the same way...What are your thoughts?
"The Government is a service. I would prefer an Invoice, with an explanation of ... |
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 My husband and I are receiving Social Security , We do not file with IRS. Do we get a refund? |
| WE WERE TOLD BY SOCIAL SECURITY WE DID NOT HAVE TO FILE BECAUSE OF OUR INCOME, ONLY FILE IF WE HAD AN EXTRA INCOME. WE DO PAY PROPERTY TAXES, GAS TAX, ETC. AND THERE IS NO EXTRA INCOME. DO WE GET A... |
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 Rebate paper check question? |
What does it mean if the Irs website says my check will be issued on may 15? It gives my amount but I have never received a letter. So does that mean its getting mailed out or should be here?
A... |
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 My tax teacher said I don't need to file? |
| Okay, Last year I had a part time job as a data entry clerk and was paid as a independent contractor (1099-Misc) I only made a little over 2grand, I asked my taxes professor If I had to file a 1040, S... |
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 Rebate check? |
| I am a single parent I have 1 son who is 16 and two daughters one is 19 and my other child is 23, My 23 old daughter works part time and files taxes on her own, and my 16 and 19 I file there taxes ... |
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 Anyone tried to get Child Tax Credits ? |
| I have been trying for days to get through to Child tax Credit line, anyone would think you could request a form on line, but no joy , and every time I try the phone link, I get told try later, and ... |
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 How can I change to get 1099 instead of paying employee taxes? |
| If I coul invest my money instead of apy social security I would have a more stable future.... |
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 When can my parents no longer claim me on their taxes? |
| I am single, 19, a full time student and I work part time, I made over 4,000$ this year but I still live at home. Can they still claim me when I make over a certain amount of money? If you would, ... |
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 Can anyone help me with benefits that i will be entitled to? |
| i have just found out im pregnant with baby no 4. my husband and i rent our home and live in wales. i have worked since i have left school whilst my hubby has been a househusband as i earned the ... |
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| What if everyone raised their withholding and stopped paying taxes because of the economy? |
| I am feeling the pinch - just like the banks and automakers. If I stopped having fed tax withheld I would be better off. All I have to do is claim more exemptions. Then I could whine that I can... |
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luther | I've been given 10k by my brother,is it taxable ? |
It is not business related,a kind of gift before before instad of after dying. |
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STEVEN F
 |
$12,000 is the current amount for gifts with no tax consequences. If you give more than that to any one person in any one year, you must complete a Gift Tax Return. That does not mean you pay taxes on gifts above that amount. There is a 'Unified Credit' equal to the tax on $1,000,000 of reportable gifts over you lifetime.
EDIT: que misunderstands large currency transaction reporting. Reports are used to detect money laundering, NOT to assess taxes. Her suggestion on depositing $9000 or $9999 would trigger a suspicious activity report. That basically means 'this looks like someone trying to avoid the $10,000 reporting rules'. |
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Charles C
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No, not to you. This is a gift and not taxable. |
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statue
|
No! You only are liable for taxes on any single gift over $12,000.00 for this year. |
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chefantwon
 |
Gifts of up to $11,000.00 are not subject to tax.
http://www.irs.gov/newsroom/article/0,,id=107815,00.html |
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Meg
 |
If your brother is single, he may gift you or anyone up to 12,000 per calender year. The gift itself would not be taxable to you but if you put the money in the bank etc. you will have to claim the interest earned on the money, and interest is taxable to you as income received. |
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Wellness Manager
 |
You are allowed one "gift" every year that is non-taxable. As long as you report it to your country's revenue agency as a gift then you do not have to pay tax on it. |
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REnate
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Not sure about the new laws on taxation but in the old days you would pay tax on it but he could get an exemption. |
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que
 |
anything over 10grand that u put in the bank will be reported to the irs and yes u will need to pay taxes on the interest it gains if u put oh i dont know maybe 9,999 or 9,000 in the bank u should be fine i had to get a tax id # for a 15,000 ck i put in |
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