Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 How does a person have a business and not be found or made to pay taxes?
my ex husband has a business that is not files with the state, but operates like a ligitiment business. He does not pay taxes. Is there a legal way to make him pay his taxes?...


 If I make around 2200 dollars a month after taxes, What would be a reasonable amount to spend on rent?
...


 When do you start getting your W2 forms?
...


 Is it illegal to overpay taxes?
I filed taxes for the first time Jan 2008. I made about 5000 for the year first job only worked 5 months. Anyway had my job taking my 125 out each of my checks eventually adding up to 2000. I ...


 I stil haven't gotten my tax return back!?
I filed an extension for my taxes in April and had until Oct. 15th to file. I sent everything in around the middle of September and still have not receieved my tax returns....is this normal? I'm ...


 My partner has been sent a tax bill for 11.000 pound but he hasn't been self employed for 5 years.?
for the past 5 years my partner has not been self employed he has worked for a building company and in a wearhouse and pays tax though his wages every week so why does he keep having letters saying ...


 What are the top 10 highest paid jobs in the uk ?
...


 Do you know when recession or credit crunch will be over in the UK?
When will the recession in the United Kingdom be over, and the market up and running again? I hope not in 2010!!!!

Please tell me your source...
Additional Details
If some ...


 Am I liable for my husbands taxes - he doesn't file taxes?
Married 12 years - husband is self employed. In 2000 I found out that he had not actually filed the taxes and after I threaten divorce he did file and pay (as far as I know) for 1995 - 1999. At ...


 Why are groceries taxed in some States?
Groceries are a necessity of life. Why is food taxed? It seems that State governments only wish to harm the poor and low income....


 Do you agree or disagree about the tax rebate checks?
i think it's so unfair the way it was decided on when you will get your rebate.i think it should have went solely based on when you filed instead of your last 2 digits of social.b/c who has ...


 Is the 800 per person tax credit a for sure thing?
or is it still just being talked about? I'm a little confused on what this would mean. Hypothetically, if you got 300 back in taxes normally, would this mean you would get a check for 1,100 ...


 Income and Council Tax (UK) who is it for?
Am i right in the following please:-

Income tax is deducted and contributes towards maintaining bodies like the Police, NHS, Armed Forces and Social Security....etc

Council tax ...


 Do you think younger people should have social security taken out of their check.?
I am 23 years old and social security takes out more money then everything else except federal. Should we really have to pay social security when we might not ever see it?...


 How long do I have to file my taxes?
I'm pretty sure that if the IRS owes you money on your taxes then you don't have to have them in by April 15th. I think you have like 3 years to file if they owe you. My question is, can ...


 Why do we get more money when claiming job seekers allowance and housing benefit rather than working full time
We are family of four with two children under 4, living on full housing benefit and job seekers allowance. Cannot get council house so renting privately paying £1050 per month.
I tried to go ...


 Should the rich be taxed at higher rates because they are rich?
...


 Is it right for your ex husband to claim one of your children on his taxes even when they live with me?
My daughters live with me all year except for 8 weeks in the summer, and he claimes one of my daughters. It would make a big difference in my refund if I claimed her. He had it done up in the divorce ...


 Why do americans pay income tax?
There is no law requiring you to do so,and it all goes to the privately owned fedefal reserve.
Additional Details
Federal reserve*...


 Help!!! What can I claim for!!!?
My husband has just lost his job. I have two children 3 and 1. What benefits can I claim.
The lady in the job centre said we could only claim Job seekers of £94 a week....



Fuzzy Slippers
I am starting a job as a salesman, and the employer sent me a non official 1099 form. Is this standard?
I just got a document set up on MS word, not a W2 type of form. I've never filled out a 1099 type of form, just making sure this is OK.
                     
 




GG
Rating
yeah a 1099 is for independent contractors. tis means you're not an employee so remember you dont hae the rights of an employee. as an independent contractor no taxes will be taken out, you are responsible for them yourself. and yes the MS Word format is fine. Just print it out and faxor turn it in or type in your info and submit


Judy1
I assume you mean a W-9, which is the form you fill out when you start with a company as an independent contractor where you'lll get a 1099 at the end of the year. As long as it has all the info on it, it's legal to use a form created in Word.


sdh0407
Rating
a 1099 is for contractors. it means he is not treating you as an employee, he won't take out taxes and will not be giving you benefits.


Gem
Rating
The recipient (you) never fills out a 1099. A 1099 is a form that is filed by the company at year end to inform you, and the IRS, how much you made. Similar to a W-2, but used for many different payments.

Are you sure it wasn't a W-9? A W-9 is filled out to inform the company of your social security number, or federal ID number and is also used if the IRS has told you that you are subject to backup withholding (which would only happen if you consistently failed to pay your income taxes).

I would guess that the company is just using their own format of a W-9. Fill it out and mark the box "exempt", unless of course the IRS has told you that you are subject to backup withholding.

It sounds to me like you are not being "hired" as any type of employee, you are being retained as an independent contractor and will be responsible for all your own taxes, including social security. The good part is that you will also be able to claim all your expenses (gas/mileage, some client meals, supplies, etc). Just make sure you use a competent tax professional to fill out your income taxes!


bostonianinmo
Something is NOT right.

First off, there is no Word format Form 1099. They MUST be ordered from the IRS or purchased from office supply outifts.

Secondly, a legitimate company would never send you one that way. They'd mail you the completed form after the end of the tax year showing how much money they had paid you. YOU don't fill out 1099s. The company that pays you for contracted services does.


wartz
This doesn't pass the smell test. They might send a non-standard form in January to tell you what you earned but there is no reason to be sending you a 1099 now just when you are starting the job. Take a look at what you have and try your question again. It sounds more like a Form W-9 asking for your social security number.


The White Queen
Rating
if you are not a regular employee of the company you are working for, then you need to get Form 1099. however, if you are deducted employment taxes from your regular salary, then you should be receiving Form W-2 not 1099.


The Reset Button
Rating
Yes, if you are commission-only. If you're getting a salary, THEN you'd need a W-2.


boworl
The 1099 form states you are responsible for your taxes not the employer. He will send your w2 form and you fill out your taxes. He does not take taxes out, you pay them when you file. Careful, don't spent the tax money and save for them when they are due.


Rumpy
Be careful! A 1099 is for an independent contractor, not an employee. That means that they will not be deducting or paying any taxes on your behalf. You will be responsible for saving the money and paying the taxes yourself. You will be considered to be self-employed, which is more complex than just being an employee who gets a W-2.

Be careful with this employment arrangement.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy