 Is Social Security Money enough to cover expenses when we retire? |
If that they dont cut benefits and you worked whole your life till retirement. would you get enough money to sustain same level of living after retirement with only SSN money?
Additional D... |
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 Should i use H&R Block for my taxes? |
| Is H&R Block a good firm to do a persons taxes? I hear people say they are a ripoff because they just fill out an electronic form they are reading off a computer, and that i would be better off ... |
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 I was told by my accountant that my direct deposit tax refund would be in today (2/9) but it is not showing up |
| Is there any way it could go in tomorrow, I bank with Regions. I just called them and they said no pending transactions.... |
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 Can i get in trouble for sending my taxes in late? |
| If I send my 2006 tax return in like september or october, can I get in any real trouble, or just get fines? What if all my income was self-employed, does that make it worse?... |
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 IRS on trying to jack me? |
| Help me out ok. i'm a independent business man. i work for fedex ground. i file my taxes last year. I add my little brother to my claim, everything was good with the accountent who did my 1090. ... |
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 What should a single person with no children claim on his W4 form to get the most money per pay? |
| I just started a new job, and I'm having trouble figuring out how to fill out my W4 form. I'm 25, single, no children, and my parents can not claim me. What number of allowances, if any, ... |
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 Social Security tax for state employees? |
| I recently got a report for the history of my earnings in the mail from the Social Security administration and it lists no income for me in 2007 (towards social security). I was a state employee of M... |
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 Is it true that if you own a business you can only write off a vechical if it is leased? |
Hello,
I am wanting to get a vechical for my businesss. But I was told by a friend that you can only do a tax write off on a vechical if it is leased? I find that a little ... |
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 Moving out of the country to protect myself from the IRS? |
I love my country and I dont mind paying my taxes. But I do owe a lot of back taxes and I am having a hard time catching up.
I have nightmares about the IRS freezing my bank account. If ... |
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 If i have two dependents and made only 5,865.00 do i have to file? |
| if i don't file will i get audited if someone else claims me on their taxes?... |
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 If I rent my primary residence and don't make a profit, it is a wash from a tax standpoint? |
| I rented it for a few months for less than my mortgage payment. Seems like the tax accounting is profoundly complicated (depreciation, prorating of expenses and taxes, etc.) for not making any money.... |
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 Will i have enough money? |
i am 13..... but when i turn 16, i plan on getting a ford mustang.
i could afford this if i got a job at lasertron. they pay 9.25$ an hour. if i work 5 days a week and 4 hours a day, i think i ... |
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ralphnyvette@sbcglob... | I pay my friend to watch my son and I pay her everyweek, how do I write that off? |
I pay her in cash, how do we claim that on taxes? do we need documentation? She is just a family friend, she doesn't have a special licencing for it. |
 |
 
TheMom
 |
The only documentation you need is her social security number. You get credited and she is the one that pays income tax on the amount. The amount is verified against her tax return, you should both match.
You may want to verify with her first that you each have the same amount recorded. |
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Busy girl
|
You will have to have her ss# and reciepts for what you have paid. When you file you taxes there is a place to enter this information. Your friend will have to pay self employment tax on that money in our state that could be as high as 40%. I also know in our state you must be certified through the state to be a legal daycare provider. |
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belen2499
|
Get her to write you receipts. IF for some reason she cannot claim the cash then your claiming the child care can back fire on her as taxable income. If you get her to give you receipts, if you get audited you have proof, otherwise since you pay cash, do you know exactly what you paid during the year? Did you keep track? |
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Judy1
 |
You fill out a form 2441 showing what you paid her, and will most likely be eligible for a child care tax credit for some of it. You need to keep some record of what you've paid her - if you know how much you've paid per week, and how many weeks, that is OK.
You'll need her social security number to put on the form with her name and address, and she'll claim it as income on her tax return.
Some people in this situation don't report it on either side - that's illegal to do it that way. |
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v b
 |
Give your friend a form W-10 asking her for her name, address and SSN.
Whether or not you take a child care credit, this was income to her and she is supposed to report all of it on her taxes.
Also, how much did you pay her and where was the work done? If she watched your child at your house, you will be filing a W-2 (there are other issues as well if you paid her more than $1500); if she watched your child at her house, you should be giving her a 1099-Misc if you paid her more than $600. |
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aylatroy
 |
Do you take taxes out and report them on a w-2 for her? If not then no, you cannot deduct this from your taxes. Also if you were to try to deduct this amount, she would have to also claim it on her taxes as income and pay the approptiate taxes. |
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Bart
|
write it off just ask hr block simple for them or get tax pro iam sure theres a colum in there for child care. |
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<3 epiphany
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If you write it off she has to claim it on her taes.... |
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