 Do I have to file taxes??? I am 17 and I worked part time? |
| I haven't got my w2 back but I think I made about 4000 when i filled out my w4 I made it to where the most taxes were taken. also does the fact that i am a student in college make a difference?... |
|
 I would lke to ask a question about the irs? |
| i had my mother claim two of my kids and i was on foodstamps and i let my mother claim my kids and she got a letter in the mail saying that they are going to audit her do you know why? please explain ... |
|
 Parents without electricity for over 16hrs??? |
Can they claim compensation from the people who supply it? There entire christmas food chest freezer was defrosted and over £200.00 worth of frozen meat and food was ruined.
UK ANSWERS ONLY.... |
|
 What does per annum mean? |
| im applying for a job and the pay is 40,000 per annum???... |
|
 What time are taxes due??? |
| I am going to e file. I know that if you send them in the mail, they need to be postmarked today, and so you have to get it in the mail by 5pm. But what about e filing? Do you have to do it by then, ... |
|
 Is there usually a delay with direct deposit of stimulus payments? |
| Mine was scheduled per the IRS to be direct deposited May 16th. It still hasn't shown up at the bank. The IRS website does say to wait until the 21st to contact them if it doesnt't go thru.<... |
|
 Can anyone give me even ONE **good** reason why THIS wouldn't work **very** WELL? |
| How can nearly all of the candidates for President (not to mention also most of those who are in Congress) possibly *not* realize that ALL of the complex problems associated with federal taxation ... |
|
 I got an email from the IRS????? Pllzzz help!!? |
| Okay, I got this emil from THE REAL IRS and I don't know why... I'm only 13 and it says I'm eligible to receive a tax refund because of my fisical activity???? Whatever that means....<... |
|
 Is it true if you file tax jointly, I would lose dependents and head of house hold credit/tax returns? |
Hi There,
I’m about to get married. And, I a few question regarding file tax jointly vs. filing single.
I’m mother of a 1-year old. Last year, I filed my tax as 1 dependent and head ... |
|
 If I earn 6.88 ph and work 13 hour pw how much will I earn per week? |
Additional Details
If you could tell me before and after tax ...thanks.... |
|
 Income tax preparer messed up, why did the irs penalize me for her stupidity?? |
| In 2002 when I filed my taxes I went to a local "home business" that was run by a woman out of the basement of her house. In previous years I had only received about $200 to $500 back in ... |
|
| The IRS is giving a friend of mine a very hard time. They claim he can't file as Head of Household.? |
| He has been the sole support for his 2 nephews , they have lived with him for almost 2 years and he pays all the bills.He only had his name on their school paperwork for 5 months of the 07 year but ... |
|
| Why don't I ever get a good tax refund? |
| This year my friends, who all earn about the same amount of money as me, all got hundreds, if not thousands, of dollars back from tax returns. But every single year I get a total of like $4 back. T... |
|
|  |
rose | I want to know if my job has to pay taxes or if I do.? |
I quit my job already, but while I was there I was getting paid 350 a week cash-working as a secretary. Do I have to pay taxes or do they??? |
 |
 
PepsiLime
 |
If you were an employee then both of you do. They would have to take social security, 6.2%, and medicare, 1.45%, taxes out of your $350 a week, and they have to pay a matching amount to the irs. Depending on how many exemptions you claimed on your W-4 they may or may not have taken federal and/or state withholding from your paycheck. They also have to pay Federal and State unemployment based on how much they pay you, up to a set limit of pay.
If you were an independent contractor then you would be responsible for both the employee and employer share of social security and medicare. You wouldn't have to pay Federal or state unemployment though. |
|
Willie J
|
You are responsible for any taxes. If they do not send you a W2 or a 1099, the government will not have record of the income paid to you. If they do find out that you were paid and did not file, they may come after you for tax evasion.
Simple rule, if you have income, you are responsible to file and pay tax. If you do not it is tax evasion. If you decide not to file: To quote Dirty Harry, "do you fell lucky." |
|
mark
 |
Were you subcontracted as a temp, or you hired as an employee? If you were a contract employee, then you are responsible.
In any case, you should have paid federal, state and local taxes (depending on where you live), FICA and Medicare.
Your employer (or you if you are 1099). is responsible for company FICA, company Med. There is also unemployment and disability taxes that may be due depending on your status.
Contact your employer and find out if they intend on giving you a W2 or a 1099. If the answer is neither, then they intend the job to under the table (which is illegal). I doubt they will give you a w2 because they will incur a liability of tax due (in addition to you). It will either be 1099 (you owe), or under the table. |
|
Lola
 |
If you get a 1099 form from them next year, you will have to pay your share and their share of your taxes and social security and medicare. If you get a W2 from them, then your taxes are paid already. |
|
Cristi H
|
Being paid in cash - you are going to be responsible for the taxes. Will they issue you a 1099? If so you use that form to file taxes. |
|
Suzy
 |
If your place of employment didn't withhold income taxes and fica, you are responsible for paying them. |
|
Judy1
 |
You do. They are also supposed to pay a matching amount for your social security and medicare, and various other employer taxes, but if they are paying you cash, it doesn't sound like they are. That's illegal of course. If you don't report your income and pay the taxes on it, then you are also breaking the law.
And whatever majormomma says, it's very possible that you will get caught, and be in trouble with the IRS, and have to pay penalties and interest in addition to the taxes you were supposed to pay in the first place. And if you go to get a loan or a mortgage, you'll have a problem too, since your income won't show anywhere. |
|
Info@bcbsinc.com
|
PS. How can you quit a job if you're a contractor. I thought this wasn't the way it worked.. hmmmm I dont' know. But I think Job is Employee. (smiles)
Enough responses have been made. Ask revenue for a determination to see if you are a contractor or an employee they have a form for that too. Call 1800-829-1040 and they will help you. I would. May not be funny at the end of year. Do you have proof of working there etc. best start gathering it up. You may very well need it.
Okay this is the number one prong for this one. The numero uno all in the same pinata prong. Control. How much control do they have. Aka we do contracted accounting there is little doubt employers do not have that over our work. We come and go when we want to, we set work hours convenient to them, we pay our own insurance, we work for multiple people, we can come and go as we wish, we can make calls to clients while working with a client, control control control not I am an employee employee employee. We don't quit our jobs, we just tell you we are not going to do it anymore. We send you letter we say get lost. We are done with this one. Adios muchachos and we explain why.
Ask revenue to determine they will help. Believe this one. There is no better advice.
There are prongs and employers just can't say okay you're a contractor. Oh really now lol.... Okay, so not everyone of us know the Tax Codes. Understandable.
And PS we are an accounting firm.
Have a great day.
BC Business Services, Inc.
http://www.bcbsinc.com |
|
sortaclarksville
|
Legally, you have to pay tax on it if you earned more than $650 while working for them. They paid you cash under the table to avoid having to pay their share of your social security tax, which means you are now responsible for all of that as well. It's a very crooked practice (IMO) and one where most people don't realize until tax time how bad they were getting screwed by working for "cash."
They are required to supply you with a 1099 at tax time if you earned more than $650, but chances are they won't. However, just because they don't report it to you or the IRS doesn't mean you aren't liable for the taxes on it.
Get ready for a hefty tax bill, and kudos to you for leaving such a dishonest employer. |
|
majormomma
|
They paid you cash so they could avoid paying employer payroll taxes, which is a violation of federal law. If you are angry at them and want to cause trouble, just report them to the IRS.
Technically speaking you are supposed to pay tax on any earned income, including cash pay. However, your employer didn't take out and pay withholding taxes to the IRS, so if you declare the income now, you will have to pay all the taxes owed in a lump sum. I hope you have some money stashed away in the bank.
Most people never declare the income because it would be difficult for the government to find out that you were ever paid the money. Plus the government isn't going to audit you if your income is low. However, you would be breaking the law not to declare the income and pay the taxes owed. |
|
Marisa
|
did you fill out a W2? it's a form that you fill out that you state how much you want withheld. if you didn't fill that out and they mentions you would be 1099'd then that means you will pay your taxes. |
|
♥
|
if you got paid under the table you dont have to pay taxes. because technically you have no income. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 29 minutes(s) ago
| | | |
12 | 32 minutes(s) ago
| | | |
12 | 46 minutes(s) ago
| | | |
12 | 1 hour(s) ago
| | | |
12 | 3 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
12 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
