 Can my Mum give me a lump sum tax free? |
| My Dad died recently and everything went to my Mum, she wants to give me and my brother a lump sum each, but we are unsure of the tax implications - can anyone help?... |
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 The "Where's My Stimulus Check?" option on irs.gov? |
| Is this thing a joke? We're due to get our refund this week, but it's saying they don't have any information for us. I know it takes some time, but come on! Anyone have any luck with ... |
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 Is everyone supposed to get a stimules check??? |
| I have not received mine yet. I only made $5000 last year, due to staying home with my daughter and son. I am recently single and I filed my tax return seperately. My ex claimed the kids......am I ... |
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 Is it really necessary to print out your tax returns? |
| I did it on turbotaxonline, but I ran out of ink.... |
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 If someone has more money than they need to live on, should the excess be taken from them? |
If so, who is to determine how much one "needs"? Who is to do the taking, and on what moral and legal grounds do they have that right?
Additional Details
Related to an earlier ... |
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 Can my parents claim me as their dependent? |
I am 19 years old.
Full time student at a state university.
I work part time and made $11,692 for 2007.
I live with my parents.... |
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 IRS stimulus hotline/wheres my stimulus? |
| So i called Call the stimulus hotline. (866) 234-2942 and the website and nothing. last two are 41. i still get the *SORRY* crap. So whats the deal, i see other people getting info about it with ... |
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 The IRS SAYS I WORKED A JOB THAT I DIDNT? |
| its been going on now for a few years. no matter what i do it's not proof enough for them. i never even lived in the state that they are saying i worked in. they have tried to garnish my wages ... |
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 Will I get a stimulus Check? |
My mother claimed me on her taxes, but a letter told her that only children born after december 1990 are eligible for the extra 300 dollars.
Additional Details
okay im sorry i didnt add ... |
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 Gross Salary-What is my nett? |
I have seen a job that is paying £36,000 pa Gross. How do I calculate the ammount of Tax and Ni Contributiions to arrive at a monthly nett figure?
I do not have any outstanding tax from ... |
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 Should I declare dependants on my Tax Return? |
| Say "jim" was together with "sally" for 5 years and they were common law, and sally had a child. Jim took care of the child but was not the biological father and unfortunately ... |
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 Wait... Theres no law in the U.S. that requires you to pay Income Tax? |
You pay a tax on the income that you earn and file it with the IRS but do you really have to? So why are you paying and who will get rid of it? The truth to this answer will shock you.
A... |
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 Why is our fuel so expensive (UK) ? |
| If over the past few years when the £ has been getting stronger against the $ and fuel is bought in $, why has it been getting more expensive for us ? Have I missed something or am I just not ... |
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 How can I claim milage when I file my taxes? |
| I DRIVE FOR WORK TO SALES APPTS I WAS TOLD I CAN GET UP TP 30 CENTS A MILE. IF THIS IS TRUE HOW DO I GO ABOUT DOING SO.... |
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jessicamarie0572 | I just got married and I am in the process of changing my payroll information at work..? |
I'm just wondering what should I claim for allowances on my W-4 so that I don't get screwed in the end on my taxes? I don't want to end up paying in. The way I set it up today I put Married- Zero allowances- with $10 extra taken out of federal and $5 extra taken out of State. I can easily change it and would appreciate anyone's input on what's the best way to go about this. Thanks!
Additional Details
Just so that we're clear, I'm not searching for a huge refund I just don't want to pay in at the end. |
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uncleneal
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talk to your tax preparer |
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sophieb
 |
some people claim extra allowances for kids when they don't have kids. some people claim as they do just so they would get a refund back. Both are silly and improper. Others make sure it comes out even so the government doesn't earn interest on their money. Actually if you are trying to get a refund it means you can't manage your own money well.
If you're single you claim "1", yourself.
if you are having $10 extra taken out for federal and $5 extra taken out for state and someone at work has advised you this is the best way, then go with it for one year and see how it reflects on your taxes. You didn't say what your husband was claiming.
Since you just got married you only have 5 months of married life on this tax season and the first year of married life probably won't rreflect as you want, you'd probably need "one full year" to make determination. So I suggest you play it by ear. Leave it as is for tthis year and ask your accountant when you do your taxes in April what they suggest for you to do. |
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STEVEN F
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My personal recommendation is the prepare a pro-forma return. In other words, pretend you are filing your year end tax return for your spouse and your self now. Use your best estimates for a full return. Once you have a total tax number, you can work backwards to determine how many exemptions will result in the correct withholding amount. |
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A Designer
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I agree with those who recommended you talk with an accountant. My husband and I spoke with our accountant friend, and he gave us very specific W-4 advice based on our particular financial status.
Good luck, and congratulations on your new married status! |
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curiositycat
 |
This should give you a refund. The only problem with letting them take out extra tax is that you are lending to the government interest free. If you would like to break even a bit better, talk to an accountant or a financial advisor. They can look at your specific situation and give good advice. |
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lcmcpa
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Sounds like you have it covered. Another deciding factor would be if your spouse works. If you both work, your spouse should also make some changes or you could still end up owing. |
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Molly
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Make sure that if you changed your last name, that you have payroll change it (otherwise an e-filed return can get rejected) and that you update it with the Social Security office.
Your taxes sound ok, but it all depends on what you are making as a family income. Try projecting what your income will be for the year then estimate the tax. That is your best way of knowing. Good luck! |
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Xena
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I just claim single with no dependents. I get plenty back at the end. |
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aka Astra
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http://www.irs.gov/individuals/
go to the IRS website. There is a link on this page to a withholding calculator. This will aid you in your specific situation. |
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