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 Tesco taxing me ?
I earn £65 a week before tax and they are taxing me £70 at the end of the month, I am a sixteen year old who is also a fulltime college student only working part time at Tesco. Can they do this ?...


 Tax Rebate Stimulus Checks Ahead of Schedule?
i just read that some people will receive theirs as early as monday.... ( http://hubpages.com/hub/ )

when do you guys think ...


 Can I still claim if Im not earning much ?
Hi if someone does the avon can they claim jobseekers if they do not earn that much ? Thanks for your answers
Additional Details
Im not on jobseekers at the moment, so I dont have to ...


 How many business days should it take to get your federal tax refund by direct deposit?
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 How do you pay tax when you get cash in hand?
i met a street artist in LA i think it was and he was earning equivalent to about £100 a day cash in hand jsut from drawing. would this guy have to pay tax on this or would no one have a clue he was ...


 Question about Taxes and a Student loan in default?
My student loan is in default (around $7000) I'm not working but I have gotten notices that they can garnish my wages or seize my tax refund. I'm planning on paying it off as soon as I go ...


 If I own a house and my friend helps pay the interest etc on it, can he write that off on his taxes?
My boyfriend helps pay for my house though he is not on the title, can he still write this payment off on his taxes? How does he do this?...


 How much will i be taxed if I earn £12,000 per year?
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 Income until what date should be on a 1099-Misc for '06?
This is my first year filing income from a 1099-Misc and have a very simple (possibly dumb) question:

I'm looking at a 1099-Misc form from the business I worked for and the dollar ...


 Who is eligible for the 2008 economic tax return?
Im 20 about to be 21 a student and I have paid taxes for several years now, the only reason I ask is because my father still claims me as a dependant since im in school. I was under the influence ...


 How do my boyfriend and I file taxes, I own the home & he pays me rent?
Does that effect how much I get back, by claiming he's paying me rent?
Additional Details
We live together and share all expenses, but I'm the onlyone on the loan....


 With the money we pay in taxes do you thing we should have better results?

Additional Details
Do you think !!!!...


 Couldn't we solve the budget problem if we put a tax on sex?
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 When should I expect to receive my tax bonus?
I know the fed gov't rolled out a rebate/bonus- when will the tax payers receive this? Will it be by check via USPS?...


 What does this mean regarding my taxes?
H&R Block told me this. I'm a student and I'm not familiar with doing taxes.

Because your tax liability is less than the amount of your Education Credit, the amount of ...


 How can i find out if i have been overpaying my Tax??
I am just wondereing how i can find out if i have been paying too much tax to HMRC. I have been self employed for the past 4 years. April 06 i received a letter stating that i have underpaid my tax, ...


 Can I still submit in my tax return from last year?
If I didnt file in my tax return last year, can I submit it along with my tax return this year?...


 Unpaid council tax bailiffs coming 2?
To all the people that aswered my first question regarding my friends unpaid council tax and that the bailiffs are to talk to her regarding a payment plan which has to be done in person. My friend ...


 Claiming a dependent?
My fiance and I had a son in September. We are not married yet so we will be filing single this year.. if I claim my son this year, can my fiance claim my son next year.. or does it have to be the ...


 Which form does the landlord have to fill out for renters for taxes???

Additional Details
Ok, I should clarify this because only a few of you are understanding (and I thank you for those who are!) When one rents an apartment, the landlord usually gives ...



hothstation
I have a potentially big tax problem on my hands... Can someone give me some good advice please?
I work as an independent contractor, and basically use my vehicle as my office. Since my job requires me to travel each day, I keep a majority of my work related items in my vehicle. Unfortunately, this included receipts I have accumulated over the past few years. This past weekend, I visited a friend and noticed that my driver's side window was forced down when I returned to my car. A few items were removed (e.g., CD player face, CD wallet, workshirts, etc.) that I could easily replace. I did not realize that my box of receipts that included thousands of dollars in tax-applicable expenses was taken as well. Many of those receipts consisted of work-related expenditures made payable in cash... What should I do?? If I am eventually audited, I have little in way of proof for my write-offs... I really do not draw cash from the bank, as my cash spending over the last years has come from me selling off personal effects (mainly my old CD and vinyl record collection). Should I call the IRS?
                     
 




bj breath
Make things up, that's what the higher ups who don't pay taxes do.


bostonianinmo
The IRS will allow you to reconstruct records in situations like this. They do understand that catastrophies occur and will make allowances for this.

One area where you will have problems, however, will be with not passing your funds through your bank account. This is NOT a good practice and will severely limit your negotiating room with the IRS. You should ALWAYS deposit ALL business funds into the bank and write checks against the account or use a credit card for expenses. This gives you backup records that will greatly assist you in dealing with the IRS. The IRS expects you to use sound business practices and running an all cash business and not running the money through a bank is NOT sound practice!


acermill
Certainly keep a copy of any police report which may have been issued concerning this burglary. All you can do, absent these receipts, is to file your income taxes according to your memory of expenditures. Make a written list of what you can recall in expenses as soon as possible, while your memory is as fresh as possible.

Should you get audited, you will, at least, have SOME written evidence of what you are claiming as expense, even though it is not represented by actual original receipt.

If the audit occurs, all you can do is explain as best as possible what occurred, and hope for understanding on the part of the auditor. The IRS is nowhere near as cruel and inhumane as it was once. Generally, a reasoned agreement can be reached in such situations.


Judy1
Rating
Try to reconstruct as much as you can, as close as you can. Don't go overboard on claiming more than you probably spent.

If you are audited, technically anything you don't have proof of could be disallowed. But if your expenditures for the missing timeframe track reasonably with other years, or the rest of this year, an auditor would very possibly allow them or at least most of them.


Gary B
Rating
I don't think calling the IRS would be particularly helpful, but who knows. I think the best you could do is estimate and then write a note on the tax return (in the notes section) explaining the situation. From what I understand, the IRS is not completely unreasonable: they understand things get stolen. Make sure you file a police report so you have some proof at least that you actually got robbed.


Phreak W
Rating
There isn't much you can do now, except to make sure you add those papers in the police report you should have filed.

Next time try to keep all your paperwork filed in a safe place. I am a business owner and I understand exactly what you are talking about, if my office was broken into I'd be into serious trouble if I ever got audited. One option is to scan all your paper documents and make a digital copy but this involves a lot of time.

I'd imagine the thief plans to throw away those documents so check nearby trash bins just to be on the safe side or offer a reward with no questions asked. Call your accountant and let him/her know what happened, usually you can make a pretty good guess as to what deductions you would normally have for that period of time that will save you from paying extra but just be careful not to take more than you think you deserve.

Wish I could be of more help, I would be devastated if this were to happen to me.

Best of luck


maur911
No, get your self a very good Lawyer with expertise in Tax Liability/ Business related problems. P.S Get a Safe or fire proof Lock Box to keep important papers in! Remember the IRS is not your friend! Good Luck!


ramrod cowfins
Rating
Yes, call them and explain. Also, you should report the theft to the police and obtain a crime number/reference as proof, otherwise the IRS could suggest that you were lying and never actually had any records, and you would not be in a position to refute it.


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