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

 I´m selling my house in Spain and want to know the best way to transfer money from the sale without paying tax
I live in Spain but want to move back to England (no, I´m not mad! I have my reasons). I want to sell my house here and move the funds raised to a bank in England. How can I do this without being ...


 How much income tax do you have to pay on winning $10,000?
...


 Does the IRS refund a buisness any money if they report a loss for the year?
...


 Do I have to depreciate the new carpet and vinyl flooring in my rental property?
This was more a repair than an improvement since my condo is built right on the slab and I HAVE to cover the floors with something. The old carpet & vinyl were 20 years old and basically in ...


 Who's finished their income tax returns yet?
...


 Yet another Turbo Tax stimulus rebate question?
I Filed joint with my husband, and we qualify on all accounts for the stimulus, my # ends in 49, putting me in a group that should have gotten a direct depist by now. So here's what we did. We ...


 Stimulus Payment???
As the irs.gov website states I should have received my check in my bank account on 5/2/2008 since I did direct deposit with my state and federal income taxes. I still have not received my check. I...


 Child tax help?
I have a 3 year old little girl. I live in the state of Oklahoma. Me and her daddy were never married. He is threatening to take me to court and get the order to claim her every other year on taxes. D...


 Can someone explain how you get income tax and what it is????????
...


 I am selling undeveloped land that was given to me by my Father, will I have to pay capital gains taxes?
...


 I'm 16, do I have to do taxes?
I make between 90 and 130$ a week. I'm part of a union, and im curious if i have to do taxes. If so, what do i have to do?...


 My son and I have been claimed without my knowledge by someone that is not related to us. What do I do?
...


 What percentage of work related expenses will I get back from taxes?
I pay for my own gas and travel expenses for work. I also had to buy tools and a GPS. What percentage of that will I get back when I file my taxes?...


 If I make 600,000 dollars this year how much would it be after taxes?

Additional Details
i have 3 kids and i am married I am a doctor I have a yacht and i live in ...


 Is it possible to claim disability allowance from the uk while living in spain?
...


 My income was $9000 from a pension but not social security, why do I not get a stimulus payment?
This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?...


 Is Centurion Bank of Punjab a Nationalised bank?
...


 My daughter did not receive a stimulus check?
She filed a tax return last year, made the required amount, and was sent a notice that she would receive something. She had her tax refund for 2007 come to her direct deposit account. However, she ...


 IRS Audit?? Oweing them $7000, please help!?
I went to a local IRS tax shop and the lady stated I could claim both my little cousins since I am taking care of them 100% for over a year and I have looked on the irs.gov website and it does states ...


 I can't remember if I filed my 2005 taxes!?
I just found my w-2's from 2005, and I still have all of them. I don't owe any taxes, but I would be entitled to a return. Is there any way that I can check back to see if I did infact ...



jw
I have been paying my ex wife 1000 a month can I 1099 her?
                     
 




Rob
You would not give her a 1099 for Alimony, there is a line on the 1040 to claim that as an adjustment to income, however if any of the 1,000.00 that you give her is for child support you can not use the portion that is for child support as it is not deductible on the Federal Tax return. If your divorce agreement states that you are required to pay her 1000.00 per month is spousal support then you can claim the adjustment on line 31a of the 1040along with her SS# and she is required to claim it as income on her return on line 11


railway
Rating
If this is alamony payment ordered by court, No you can`t give her a 1099


Bookworm4124
Rating
It depends on why you give her the money. If she is doing some sort of work for you, then yes. If it is alimony then there is a separate line for you to enter ssn and amount given. It must be court ordered or you cannot claim it. That would be considered a gift. Be careful about using your business to be vindictive. You do not want the IRS looking into your nooks and crannies.


Robert B
Rating
Go to page 124 of Publication 17(IRS) and read. In general if it is alimony then you can deduct the money from your income and it should be reported on her return. Enter the amount you paid on line 31a and her social security number on line 31b. Also read Publication 504 Divorced or Separated individuals.


karen h
no need there is a line on the income tax form that asks about alimoney...put the dollar amount in there and she will get a nice note from the IRS saying she owes money for that untaxed income or they will grab her refund for the total tax dues. The IRS will get her and your Karma will be in tact!


Judy1
Rating
If it's paid as court-ordered alimony, you can deduct it, she has to claim it as income - there's no 1099 involved, so you don't have to mess with that. If it's child support, then no, it's not tax deductible. If you're just being a nice guy by paying it and it's not court ordered, it's not tax deductible, it's a gift.


djpaul
do you trust your wife?i think you should have a talk with her .in a good way.just give her a chance man.is she making you upset think about it k.


Canadian Wisdom
Rating
Yes, you can.

Ask a better question, get a better answer.


 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. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy