 Can I work under 16 hours a week and still claim Child Tax Credit not Working Tax Credit? |
| I am a university student with two children. I'm on my summer break and wanted to look for work. I claim child tax credit and wanted to know if I could work under 16 hours without my claim being ... |
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 How long should it take the Inland Revenue to get back to you about a tax claim? |
| My fella paid too much tax last year, they told me so on the phone when I told 'em the code on his P60 so I sent it off to the relevant office as they asked with all his details and why we were ... |
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 H & R Block question? |
| How does it work when you borrow against your tax return? And what is it called through H & R Block?... |
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 I take care of a disabled 26 year old he lives with me can i be able to claim him on my taxes? |
| He receives a monthly check of $636, That is used to half of the rent, but I am the one that pays the other half plus i buy the groceries i provide the transportation to the doctor, school anything ... |
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 Can we fill 2years income tax return together? |
| I want to fill the income tax return of my mother.But i want 2 returns to file in this same assessement year.Can i do this or not.... |
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 Can someone explain why my tax should go to people who cheat the benefit system? |
| to the other question before (should I report a benefit cheat) I would like to ask is it ok for all people who work hard that they tax should pay the people who cheat on claiming on the benefit ... |
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 Can my fiance claim my 2 children and myself on his 2006 tax return? |
| My fiance and I have been living together since June 2005. He has been the sole supporter in the household. I am supposed to be receiving child support (court ordered) from my Ex husband but he has ... |
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| How do I claim my daughter on my taxes? |
| I just need to know what info I need to file her with?... |
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 Groceries, Gas and taxes? |
Which is hitting your pocket book the worst in your daily life?
A. Gas?
B. Electric?
C. Food/Groceries?
D.Taxes?... |
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 What's a good tax program, like Turbo Tax, to use on the computer? |
| We want to go long form this year. I paid thousands in medical bills & we also bought a house in 2006 & think we can get a good refund, but we need to know which tax program we should use. If ... |
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| Why are some employers so sloooooooow in sending out W2s? |
| Everyone here sounds like they are filing already, and I know I won't have my W2s till like, the last date that it's possible for employers to send them out. What gives?... |
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 I have two W-2 forms from diffrent employers, is it okay to file the other one next year? |
| When I file for income tax return next year, will I still be able to file a 2006 W-2? The reason for this is, I already filed my income tax return, and I totally forgot about the part-time job I did ... |
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 How do I get my CPA to do my 2005 and 2006income tax return? |
| My CPA filed an extension for doing my business income tax return for 2005 and now for 2006. She keeps saying she will get to it, but doesn't. I am getting an ulcer over it. How can I make her ... |
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 How much money do i have to make to file taxes? |
| i'm a waitress and make $3.25 and hour plus tips. i work 3 nights a week. tips usually end up at about $20-$30 a night. do i HAVE to file taxes???... |
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Cas | I recently got a job that pays cash and doesn't take out tax. What is the "catch" in the job. See details |
I got a job as a private caregiver and it pays cash without tax. What does it imply?? I'm new in the country. 18yrs old and this is my second paying job. The first one took tax for 2 months. I wnat to know what it implies. Pls explain in details. Thanks. |
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DME B
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You will have to pay your taxes when you do your tax return by April 15.
You can pay housekeeper and private care givers in cash, see the IRS website. BUT, the person paying you must report what they have paid you. You must also PAY taxes on what you have earned.
Please pay those taxes, we don't want to have to foot the bill for your taxes. |
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waggy_33
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The catch is that you have to pay all of the taxes and the employer is not paying unemployment insurance nor workers compensation insurance if you are hurt on the job.
You would have to make quarterly payments of your taxes in order to avoid penalties for not having paid in your taxes timely. In addition to your federal income taxes you will have to pay 15.3% for self employment taxes. If you were being paid on a W-2 the employer would withhold half of this from your pay and he would have to pay the other half for your benefit.
In essence this causes your tax rate to increase by 7.65% and closes you off from collecting unemployment benefits if you lose your job or from collecting workers compensation benefits if you are hurt on the job. |
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mattapan26
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You say that you are new in the country. If you are trying to get a green card, it probably won't help if you can't show that you have any income. If you are asked for copies of your returns and you never filed any because you were paid under the table, the answer from ICE better be a swift boot in the a*s as they toss you out of the country. On the other hand, if they ask you for your returns and you show that you have been dutifully paying quarterly estimated taxes and filing your returns on a timely basis, they may still hassle you, but at least they won't throw you out for felony tax evasion. As you are 18, you probably don't remember that in 1993, when Bill Clinton was first elected, he appointed two different women to be his attorney general, along with other women to serve in other posts. They were asked who cared for their kids while they were out being high-powered Wall Street attorneys. When they could not show that they had paid employment taxes for their caregivers, they were disqualified. It was called "Nannygate." You can check by searching that term. My point is that if your employer is questioned, she will throw you under the bus. Report the income. |
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skoshi_neko
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If it's more than a little bit of money to recieve money even if it is in cash it is illegal.
It is called tax evasion, I kid you not.
someone I really look up to is in jail, because he paid employees in his ministry in cash, because he thought he shouldn't pay taxes because he ran a church, but employee taxes are not ever excluded from any type of affiliation-legally.
I strongly advise working out a normal pay system that can be taxed it is better for you in the long run, otherwise you will have no records of pay, and if you ever work somewhere else they will see that you havent paid taxes-this would not turn out well.
They are avoiding taxes, this is illegal, try to let them know, otherwise you could both end up in trouble.
It's not fair of them to do this.
I wish you luck. |
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kgbbsc7
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Yeah I agree with the previous poster. Tax evasion is illegal. You need to get some professional help with this issue.
The other posters might be correct, that they never got caught with doing this, but that doesn't make it any more legal.... |
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RoRo
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There is no "catch". It just means that you would have to pay more taxes in the end of the year instead getting a refund from taxes taken out of your pay each week or so. All the cash that you recived is your income. You get no witholdings. |
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darlin12009
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it depends on if the person paying you is going to report to the irs that they are paying you. if not, you dont really have to claim it as income. if they are, you will be required to file a form, telling the govt how much you were paid, and then at the end of the year, you will have to pay the taxes that should have been taken out all year. if you arent sure, you need to ask that person how they are going to handle this. you could always take some money every week, put it in an account and not touch it until you have to pay it as taxes. most people paying in cash dont report it, but make sure. it can be very costly at the end of the year, if you have to pay.
good luck |
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krinkn
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You are responsible for payingstate and federal income tax on the money. I believe you are also responsible for making your own social security deduction from that money.
I hope I'm over complicating this issue :-) It would be worth the investment to briefly hire an accountant for a consultation on the situation. You don't want to get caught up in not paying something that later comes back to bite you in the *** or hurts your credit rating. It is much more fun if you get to actually spend money on things you want instead of paying off back taxes with interest. |
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The Shadow
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darlin pretty much hits it on the head here. I work very closely with the payroll person at my job and we have to report the pay of our employees regularly for tax purposes. If the person for whom you are working does not report that you are their employee for their company tax purposes, then the government does not knwo that you are getting paid from that person. It is what is called "under the table." I got paid by a person like that for a while and never had any issues with the IRS. Besides, as long as your income is not all that great, you would get your taxes back anyway, so I would not worry about it. The only catch that would come up is if the employer reports that they are paying you to work for them. Then the employer has to give you a W-2 form so that you can file your taxes. If you never get a W-2 from them, then do not worry about it. If you do, just talk to them and see exactly how they reported to the IRS as far as your pay goes. |
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bubbles
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Im live in caregiver..my employer pay my tax monthly last year 2010 until january and February 2011. Accident happened and she said she will give my full salary and I'll be the one responsible paying my own tax this coming March 2011and so on. |
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