 What is the best way for me to file federal income taxes if I am separated and I have 1 of my 2 children.? |
| I am wondering what is the best way for me to file taxes. I am separated and living in different house from my spouse. I have 1 of my 2 kids with me. Should we still file married jointly or married ... |
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 Question about stimulus check? How is this possible?? |
| my mother got her paper check yesterday, the place where she got her taxes done called her and told her 2 come pick it up and she did and it was $900 and her ss# is 09, how is that possible, I ... |
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 Poll: What do you plan on doing with your tax return? |
A. Pay off debt.
B. Invest in your retirement.
C. Invest in your home (repairs, updates, etc...).
D. Go to Best Buy.
Additional Details
If other, please list.... |
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 Rebate check?? |
| how many of you recieved a notice in the mail regarding how much your getting and when it will be mailed out?? or did you just get it in your account and or mail???? i'm suppose to get mine by ... |
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 Is it ok if i file married filing seperately with one child each ? |
| I recently filed married filing separately claiming one child from previous marriage. My husband is going to file with the child from our marriage. Is that best option to getting a $$ refund ?... |
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 P45 question? |
I started a new job. My old employer said they sent me my P45 in the post, but I never received it, so they told to contact the tax office for another copy.
The tax office told me they wouldn... |
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 What does "VAC available" means in my paycheck? |
| In my paycheck, after the section "Vac available", there's written 13.86. what does that mean? I am a part-time employee at target. Does that mean that I am gonna get 13 hours and 86 ... |
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 Tax Rebate..Please help, I don't understand..? |
| I am 19, I filed my own taxes for 2007. But my mother claimed me as a dependent. She already got her rebate, but it did not include 300 for me. Do you think I will get my own seperately? I don't ... |
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 Income Tax Laws not real? |
| I hear that it is not in the constitution that we must pay income taxes. Is this true?... |
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 Anybody know if you owe the I.R.S. money, will you still get the rebate?? |
| From what i can tell, the rebate is treated differently than a regular refund. Since they claim I owe them, they always keep my refunds, but are they going to keep my "rebate" too?... |
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 Can my boyfriend claim me on his taxes?? |
| i havent had a job in the past two years (untill mar 08) and he has fully supported me.can he claim me??... |
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 What if I dont have the money to pay my taxes? |
| I owe Federal like $624.00 and I have no job anymore, and no possible way to pay this amount. I have no choice but to not pay. What are my options? what could I do, do I still send them in, just no ... |
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 If you received a federal tax rebate, what would you do with it? |
From an economic stimulus standpoint, we should take such a rebate and use it to buy durable goods like TVs, washing machines, cars, etc. But if you receive one, what would you use it for.
... |
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 When we fill our car up with gas, is tax included? |
| When we fill our car up with gas, is tax included? If so, would I be able to get tax return if I save recepit from gas????... |
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 Is she my dependent...or does she claim herself? |
| My daughter was a full time student last year till she graduated whom I supported. Once she graduated she was employed full time, and moved on her own in August. I claimed her as a dependent on my ... |
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 Will the IRS come after me when I file next year.? |
okay, last year I worked 2 jobs.
One at a FF place that gave me a W2
515.92- Wages
26.11- Federal Income Tax Withheld
7.47- Medicare
then the other job as ... |
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paulvinterval | I dont know if i need to file taxes as a self-employeed web site designer? |
i am a student and do this part time, i only made about $7000 last year by checks, i was told if i did not receive 1099 forms from the businesses i did work for, there is no record of my work sent to the government so its not necessary to claim these. i also saw for certain cases if income is not more than 8500, you do not need to file, last i saw that is my deductibles exceed my earnings, theres no need to file, i saw that you automatically get a 5000 + 3000 filing as a single and then i have over 1000 dollars more worth of clear deductibles, so should i file? and if i do, i shouldnt end up paying anythign anyway right? |
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Judy1
 |
You were told wrong, by someone encouraging you to break the law by evading income taxes, not a good way to start a career. By law, you need to file whether you received 1099's or not - it's just harder for the IRS to catch up with you if the companies you worked for didn't file 1099's, but they still could.
You would be considered an independent contractor or a sole proprietor of your business. As such, you're required to file a tax return if you made over $400. Whether or not you owe income tax, you'll owe self-employment tax (social security and medicare).
The limit of $8450 is for a single person who is not a dependent of anyone, working as an employee. This person would have had social security deducted from his paycheck. Someone who is a dependent of someone else, like a parent, must file if they make over $5150 as an employee.
You would fill out a schedule C showing your income and the expenses of producing that income, and a schedule SE to compute your self-employment tax. The numbers from the bottom of those forms would transfer to your form 1040.
So yes, you must file to be legal, and you'll probably end up owing some money.
Good luck. And congratulations on your success in web design. |
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WealthBuilder
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If a tree falls in the forest and nobody hears it, did it really yell "DARN, I'M FALLING AND I CAN'T GET UP!"
Yes, YOU MUST claim your income even without a W-2.
You need to file Schedule C with a long Form 1040. You will pay tax on the NET income (income minus expenses). There may be no income tax, but you will likely have Self Employment tax. S/E tax is roughly 94% of the Net income TIMES 15.3%
Self employed with net income MUST file to show their expenses. |
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holykrikey
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Absolutely wrong. If you want to know if its been reported you have to contact the employer. Do not assume that they did not put it in just because you did not receive anything . Do your research,if you skip out on taxes by the time they catch you will be paying for the rest of your life. Never mess with the IRS, big mistake. |
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Rainy
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you should file . . cause a loss this year could result in you paying less taxes next year if you make more money, businesses don't have to send a 1099 to report the expense of having their website designed . . the only persons they have to file 1099 is direct labor, if you were paid by check report it. |
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personal_finance_101
 |
You should file and yes, you will owe. You have to pay your part of the SE tax which is 7.5% I think. Theoretically you could not file and probably won't get caught, but that would make you a tax evader and could cause red flags at a later date.
Good luck.
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link |
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adhdAwareness.com
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If you earn over 600 you have to file. The government does not give you 100% for your deductibles. lets say you will deduct something for 100 and you made 100. the government will give you a $20 write off for you deduction and tax you on the $80. Most things are %20 deductible. |
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skip
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personal_finance_101 is almost right. SE tax is 15.3% and applies if your business profits exceed $433. If this is your only income you will not have to pay income tax, but you will have to pay SE tax. Contrary to what someone else has said, you do not qualify for EIC unless you have a child, as you are under 25.
Get to a CPA or Enrolled Agent and work out what you can deduct in terms of expenses. |
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thepenismightier
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You should definitely file because you qualify for the Earned Income Tax Credit. The gummint actually pays you a couple of hundred bucks. |
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