 I won a prize and want to know if have to claim on taxes. prize is kawaski mule. recieved a 1099-mics form.? |
| do i have to claim on my federal and Pa. state taxes. prize was worth almost $8400.00. I already paid the sales tax when I picked the machine up from the place I won it. Please help.... |
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 How do i know if i have to file income taxes? |
Ok so i worked part time at fed-ex through about half the year, maybe a little more.
How do you know if you have to file for income tax ? isnt there something about if you dont make so ... |
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 What exactly does our national insurance go towards?? |
also please answer this question
http://uk.answers.yahoo. Details
i mean do we really ... |
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 Council tax am i liable? |
| i broke up with my partner in october 2007 we both lived in the property that they are demanding almost a £1000 for she is illegally in the country with 2 children and is now being supported by a ... |
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 I recently got divorced in September of this year after a 25 year marriage. Can I file taxes as single? |
| I got divorced after 25 years this September. When I do my taxes this January can I file single? I want to finally do the 1040 EZ and maybe get a return, since it seems like I have always owed ... |
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 Has anyone actually gottena stimulus checl/deposit? |
| is this all a big joke? I don't know anyone who has gotten theirs and most of my familyt/friends filed electronically with direct deposit. According to the IRS website we should get ours on the ... |
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 Fuel Prices .. £1.50 + per Litre by September 2008....? |
On GMTV Today, they said that it is being predicted that "Petrol + Diesel" will be £1.50 per Litre by September.
They also stated the TAX on Fuel is 65% !
TAX has always ... |
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 Why is it so easy to be unemployed in the UK? |
To anyone who is signing on the dole at the moment, why do they make it so easy?
I thought the idea was to put you off by constantly pressuring you into getting ANY job going, but I went to my ... |
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 You work and pay taxes, then retire, why do you pay taxes again on your private pension ????? |
| You work and pay into a private pension and get taxed. Why when you retire are you expected to pay tax again on your private pension, this pension was a choice deduction from your wages, but do not ... |
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 Where can i get my taxes done for free in michigan? |
| I need my taxes done ASAP. I live in Detroit so i trying to find a place that's in the motor city area. but that is free and legal. Not h&r block or any companies similar.... |
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 Can the IRS intefere with my bank account or take money from it? |
| i have money saved in my bank account....i work off the books..legal work...i will open 2 bank account tommorw with about 4000 each...will the irs or govenrmet see this? doesi t look illegal...and ... |
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 Is my ex entitled to any of my working / child tax credits? |
| He pays no maitenance, and looks after our son 3 nights a week. He is saying that because i claim working / child tax credits for him that I should be supporting him when he looks after him? can he ... |
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 I started a business and now want to know the tax consequences? |
Do I file a separate tax return for the business? It’s a sole proprietorship.
Can I deduct startup costs?
Any more tax advice would be helpful.... |
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 How do i know if i'm still a dependent? |
| i got a letter from the IRS b/c they need to verify weather i'm a dependent or not. Iast years tax returns i put that i'm not a dependent b/c i was 18 but i still lived wiht my parents and ... |
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 How to fill out W4 form (I'm single)? |
| I'm single, 29 years old, and will be making $63,000/year. I have been getting a variety of responses from friends and family so I'm getting confused as to what is appropriate. Do I enter &... |
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 Do I have to file state(FL) or federal taxes?? |
How do I know? MY tax return shouldn't be too complicated.. I don't own or rent a home, I don't have any deductions or dependents and any credits..
the florida revenue website ... |
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abbeybu | I didn't work in 2007; but what (if anything) can I qualify for? |
I'm a full time college student receiving financial aid, student loans and child support. I have one dependent. I know I don't qualify for the child tax credit or the earned income credit, but people are still telling me to file! I can't imagine what for! Any suggestions? Thanks in advance. |
 |
 
AngeloElectro
|
If you are using any of your scholarships or grants, including Pell grants, to pay for room and board, or other living expenses, this is considered taxable income to you. You may receive a w-2 if a grant is designated for non-qualified expenses. The w-2 may show federal withholdings, and you should file a return in that case. Even if you don't receive a w-2, you are required to file if your taxable income exceeds the threshold for your filing status.
IRS Publication 970 reviews the rules to determine if scholarship or grant money is considered taxable income.
IRS Publication 17 Part One (beginning page 5) reviews the rules regarding filing requirements.
As others have said, it is good to file a tax return, even if not required to file, if you wish to show consistency in your tax record. This might be helpful to you when applying for future financial aid, loans, and assistance.
Good luck. |
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Wayne Z
 |
You can't get a refund without having income.
If you have no income, there is no reason to file. |
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Judy1
 |
No, if you don't have any earned income for the year, you don't qualify for any tax credits. A lot of people don't know that. There's no reason to file and nothing to be gained by filing unless you are required to because you have some kind of reportable income.
Good luck in school. |
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v b
 |
No income = no refund.
There's nothing to file for.
Your friends are nuts. Your instincts were correct. |
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stephenweinstein
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To obtain financial aid, loans, insurance, etc., it is sometimes necessary to provide a copy of your tax return. It may be worthwhile to fill out the form so that you have it available when private entities (school, insurance, banks, etc.) request it. |
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THONG GIRL
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I'm not sure but I need to know too |
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benster
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what is it that you can do once you know the answer to that you will know what to do |
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Chopperman
 |
Worst case - it's a good opportunity to do a detailed review of your finances, even if you don't submit your return.
Child support is not taxable, but alimony is. If you received alimony as part of your payments, you have to claim it.
You may need a completed 1040 for financial aid purposes, so you should at least fill it out and keep it.
I encourage you to apply for additional aid - food stamps, etc. It sounds like you are going to be paying into the system once you get your feet on the ground. Personally, I'd rather see my tax dollars go to someone like you that's working on it than someone else who is just looking for a hand out. Do it for your child. And take care of yourself so you can take care of your child.
Life will get better soon. You will get through this. |
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Liz A
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I would still file just to get it on record. You don't want the fed's to think your not reporting, that would throw up red flags. If you only have zero's to put on your sheet, then zero's it is.
Otherwise, contact H&R Block and ask them their opinion |
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