 Child tax credit? |
| if i receive £46 a week child tax credit will i receive the same for my 2nd child? also does working tax credit change with arrival of 2nd child?... |
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 Has anyone in the UK Successfully claimed back all their bank charges? |
| We just have a current account with nationwide. Everytime a direct debit comes out that wasnt expected or is just a few pence more then expected we get charged £30!!!!!! I bet we have paid hundreds ... |
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 I didn't fiel my taxes for 2005, is that too late to do now?? |
I just filed my 2006 taxes, but i remember that i forgot to file my 2005 taxes last year. Is there anything i can do about that???
Additional Details
i know that if i filed my taxes i ... |
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 Does anyone know how to report earnings for 1099 and... ? |
| and what the best way to report is? My boyfriend just got a new job, but he has is considered an independant contractor. He will be getting a 1099 form at the end of the year of his earnings. He will ... |
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 I already e-filed my taxes and have a new w2? |
| What I'm wondering is that my returns have completed processing, and I'm waiting for them to be direct deposited. I can go on turbo tax and still add another w2, so, will they hold the ... |
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 If I made a tax deductible donation & lost the paperwork...? |
| Is it still possible to claim it? I didn't since I was unable to locate the form. I could probably pull up a bank record from March of 2007 that showed that I made the donation, but I have since ... |
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 Tax Filing EMERGENCY!!!? |
| OK, so i did a CRAZY thing and claimed 10 exemptions on my taxes, know i will HAVE to pay an astronomical amount back ( i don't have kids or really anything to deduct, GULP? I ABSOLUTELY will ... |
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 Does anyone know if I can file my husbands w2 tax because he is in jail...? |
he asked me to do it but im not sure how to and if i can...
Additional Details
and thank you everyone for your answers..... |
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 Can I still file taxes if i got paid off the books? |
| I worked for a company last year off the books about 7 months. I earned $11,600.00. I have 2 children and was told I can still file. Will they tax me on my return and will I still get some money back?... |
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 Is there a law that ACTUALLY requires you to pay taxes ? |
| I've been hearing more and more about this and it kinda makes me ask..is there one?..You work for those dollars no, why pay TAXES for that..just asking.... |
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 Does HR Block offer a Rapid Refund service for income Tax refunds? Federal and State? |
| I would like to get my refund back in less the a week. Any ideas on where i should go and who would do it the cheapest?... |
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 What is the best business to go to to get your taxes done? |
| i just moved out from my parents and was never told how to file my taxes. although i did work last year, i wasn't able to file. i would like to file for last year, but i don't know who to ... |
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 I worked for my husbands company 8 months out of this year. Can I file taxes on that? I got paid cash.? |
| I worked for my husbands company 8 months out of this year. Can file taxes on that? I got paid cash. He didn't take any take any taxes out of my pay either. Where can I find on the web like a ... |
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 Is it true the IRS only pays refunds on Fridays? |
| Everyone I know has been paid on a Friday, however my date according to the IRS website is a Tuesday. Anyone know?... |
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 If my employer reimburses my tuition & then issues me a 1099 how do i reflect this on my tax return? |
| My employer paid for school last year and I was curious as to how I should reflect this on my tax return. They gave me a 1099 that shows the miscellaneous income for tuition. I paid the tuition and ... |
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 I cant prove the business miles i drove to the IRS? |
i wrote off 50,000 worth of business miles on my taxes in 2006. but now the IRS says i have to send in proof.
Ive looked through my files, but i dont have my mileage logs, that i may have ... |
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 Can I ever get social security and medicare taxes back? |
| I'm a high school student who earned only $1000 at McDonald's last year. 8% of my earnings always came directly out of my paycheck (social security and medicare taxes). As a Minnesotan, ... |
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 Why do we single out the rich with taxes, why not the poor too? |
| Think about, something many of you may not be aware of. You could be a single parent, living at home with your parents (as so often the case is). Not work all year (i.e. not pay taxes). and Still ... |
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vscid | I read that I am required to pay tax and a 10% penalty fine to the IRS for premature 401k withdrawal.? |
On what income do I have to pay tax? Only that year's (in which I withdrew) or entire period during which I kept my money in the 401 account? Also the 10% penalty is on what amount exactly?
Thanks! |
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Rick B
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It has nothing to do with your income. You pay the taxes and penalty on the amount you withdrew. |
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financialpeas
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If you've already withdrawn money from your 401K and it wasn't a loan that you are repaying, you need to get some face-to-face professional advice as it's complex. There are situations (hardships) in which you can take early withdrawals. The penalty and the tax is on the amount you withdraw. You did not pay taxes when putting the money in the account, so you pay when you withdraw. The penalty is to dissuade people from taking such withdrawals. |
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Jeff
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The tax and penalty are both based on the amount you withdraw from the 401k. |
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Wayne Z
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Tax and penalty are due on the entire amount withdrawn.
There are a few exceptions to the 10% penalty but, chances are, you don't qualify for one of the exceptions (unless you are dead or disabled). |
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Judy1
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You'd pay income tax for the year you withdrew money from your 401K, and just on the amount you withdrew. If you are under age 59-1/2, you'll also pay a 10% penalty on the amount withdrawn. |
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Renee E
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when i withdrew my 401k last year they took taxes out immediately then gave it to me. then i got a 10% penalty on the total amount that I withdrew and had to put that on my taxes this year ( they sent me a form with the amount) |
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rwbsvc
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When you withdraw money prematurely from your 401K, they will take out 10%. Then, on your tax return, you will pay another 10%....of the amount(s) that you actually withdraw. If you roll it over into an IRA, you won't be taxed at all (Until you withdraw it). Or, if you could qualify for one of the "exceptions, 1st time home buyer, education expenses, etc, then roll it over to an IRA first, then take the withdrawal, and you can fill out a 5329 to avoid additional taxes on the withdrawel amount. |
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kckid2
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The 10% penalty is imposed on the amount withdrawn and taxed. If your balance in the 401(k) was 25,000 and you withdrew $8000, your penalty would be $800. |
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