 I can't afford my income taxes? |
| I normally get a refund of about $800 every year from the government. This year, I made only about $1,000 more than I did the previous year and for some reason, I owe over $2,000 this year!!! I have ... |
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 Whats the worst that could happen of i lie on my tax return? |
whats the worst that could happen to me if i take school deductions and exemptions on this years return if i really wasnt in school?
ive gotten away with it once but im scared to death to try it ... |
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 How long should i keep my payslips and P60's? |
| i have payslips and P60's from as far back as 1996 and i'm wondering if there is a point when you can shred them safely without the inland revenue coming after you?... |
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 Does anyone know how to figure how much tax I need to pay as an independent contractor? |
| I recently booked a few modeling jobs as an independent contractor and I have never done this before. Is there any easy way to figure how much I owe on the money I made? I just wanted to be sure I ... |
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 Can I get unemployment if I quit my job? |
| I worked with a company for 6 or 7 years. I had an excellent relationship with all my supervisor and co-workers. I moved to another state and the commute was on average an hour and a half (sometimes 2... |
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 I have a fee of 94.50 what's that with tax? |
also 39.99....
Additional Details
i live in NYC... |
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| I just received, via direct deposit, my stimulus rebate from the IRS. Why was it bigger than expected? |
I am a single person with NO dependents.
I was expecting $600.
I received $900.
What's the situation here?... |
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 Its been a month and I still have not received my federal return? |
| I mailed out my state and federal returns on 3/20/07, about 2 weeks ago recieved my check from the state, but not from the federal government. Today my brother, who mailed his reuturn, about a week ... |
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 Importing common sense to the States-Is it duty exempt? |
| As there seems to be a massive shortage of this at present it seems like a real niche market is there. I know most of the world would like to see Americans buy some, so as the demand would be really ... |
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 How many of you know that Americans don't have to fial a 1040? It's unconstitutional.? |
It's true. If it's the first time you've heard of this, look it up. If you've already heard of it, look it up some more.
Additional Details
For the first few of few ... |
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 As a 75 year old, should I put myself down? |
| Although I am paying income tax on my pensions, would it not be loyal of me to put myself down before I start to cost the N.H.S. money? At present I work out three times a week at the gym to try ... |
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 Do we need another round of tax stimulus payments ? |
If you get another stimulus check, what would you spend it on ?
Bills
Luxuries
Savings
... |
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 I Received this e-mail:" UK NATIONAL LOTTERY WINNING NOTIFICATION " Do you verify it ? |
Batch No: WD18/0065/04RN
Our Ref: UKNL/255457004/06
Our Ref: UK-NL/0627/06
Mrs.Monica Sokolov.
Promotions Manager
International Lottery D... |
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 Claiming benefits in the UK? |
| friends of mine have recently returned to the uk following living and working in italy for the past 18 years ( they were born in the uk) marc has tried to claim benefits but has been told he is not ... |
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 Do we pay to much tax in the UK? |
I’ve been trying to work out how much money I actually give to Mr Brown per year and I’ve worked out I pay the following in tax a year:
£4505 income tax
£2052 National ... |
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 Is there a way to pay less income tax? |
| I make over $130,000 a year. My accountant just notified that I will need to pay over $20,000 in income tax. I am a strong believer in saving money, and therefore don't spend that much money (I ... |
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 Marital status on taxes when dating? |
| If someone is dating or engaged during the time they are filing taxes do they still file as single since they are not married yet?... |
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 Why hasnt my stimulus check come? |
| on the irs site it says i should have mine direct deposited by 5/9, i still havent gotten it?... |
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 Do you get a Tax Break for Graduating College? |
| I graudated from a 2 year collage useing federal lones in 2006. The College told me that because i regestered for class' in November i would not get any tax information this year. I was told by ... |
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Brad S | I work for an independant contractor who pays me under the table. How should i pay taxes on this? |
He claims that since he pays taxes on the income earned from each job that the money he pays me does not need to be taxed any further. Do I really not have to pay taxes on this?! Seems a little odd to me... |
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Joe Rockhead
 |
If you are paid in cash and he doesn't report any income for you (e.g. W-2, 1099) then there's nothing for you to pay taxes on... |
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Sundee
 |
uhhh, yeah you have to pay taxes on income you earn. Either you are his employee (in which case he should have reported the income and given you a W-2), or you are an independent contractor too (in which case he should have reported the income and given you a 1099). So he might get in trouble for that. But YOU should report the income on your 1040 so you don't get in trouble too. |
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curtisports2
 |
By you working under the table and supposedly making untraceable (and therefore, untaxable) cash, you are not earning anything toward Social Security. Your employer is not paying anything toward your Social Security, nor toward disability/workman's comp, no nothing. And he's breaking the law. So are you, if you don't report every cent he's paid you as income. |
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da.wezal
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You sure don't, your boss is doing some VERY strange, and wrong things.....
But as long as your putting food on the table who f@#king cares |
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♥♥The Queen Has Spoken♥♥
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"Under the table" is term usually used to say that he is not legally paying you.
He and you can get into a lot of trouble.
You are still suppose declare the money on your income tax form. |
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wartz
 |
I have a canned explanation to apparently clueless independent contractors and, if you are asking relatively simple questions in this forum, no offense, but you qualify as clueless:
Some employers try to get around paying employment taxes (social security and unemployment) and other employee benefits like workers compensation insurance by improperly classifying employees as independent contractors. The basic issue is the amount of control the employer has over the worker. If you are required to show up for work--personally--at a particular time, punch the clock, use the employer’s equipment and are paid an hourly rate, or another set rate based on time served, you are an employee. If you didn't understand the difference when you posed your question, I would be even more convinced that you are an employee. What is your preference, Slotted or Phillips? Complete an IRS Form SS-8 to get an official ruling on your status. This will help you get unemployment if you get fired. When you file your income tax return, you can attach Form 8919 Uncollected Social Security and Medicare Tax on Wages and only pay the employee's half of social security. You will still have to cough up all the income tax. IRS and the states are stepping up enforcement in this abuse area. |
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Mr. Jones
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HE may not be responsible for paying taxes on this, but YOU are. You would report this as "unreported income." Technically, if you found five bucks on the sidewalk you would have to report it the same way. People don't though, because in reality there's no way for the IRS to find out. Legally you are responsible for paying the taxes, but it's entirely likely that Uncle Sam would never be the wiser. But ask yourself this: do you want to live in a society where people do the right thing only because there's a risk of penalty for breaking the rules? There's a question of integrity here apart from legality. |
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calimami
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The idea that the money he pays you does not need to be taxed any further is a far reach from the truth. He's definitely breaking the law. But it's up to you to decide how you will proceed. You either report it and report him, or take the money for what it is and continue to work with the guy or move on.
Yes, the income may be getting taxed, but it is not getting taxed correctly. Normally the employee receives a W2 or 1099 (The IRS also gets a copy). You and your boss may be in different tax brackets, so your tax and his tax on that same amount of pay would be different. The company also pays various taxes like Social Security, Medicare, Disability etc that are missing in the current equation. If you became disabled, you would get little or no benefits since he is not reporting your pay.
There seem to be a lot of people on their high horse trying to scare you into reporting it. Honestly, I think a lot of us have been paid "under the table" for something whether it was babysitting, a one-day job, or some other type of short term/hired help work. And I doubt all of these people were reporting it on their tax forms.
The bottom line, if you report the money on your 1040, then that will alert the IRS that your employer is not reporting the data which will likely get him in trouble. If it is a lot of money, or if you strongly feel that he is doing "shady" business, then you may decide to go through the steps to report the income. But if you just want to move on past it, then I would just consider it "under the table", not report it, and find a new employer that runs its business correctly. |
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Carl Cronin
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Consult a lawyer! DO IT Or you will pay out the @ss in the future. If you ahve to go to court or get hurt and say you need money from the gov. they will only see what is recorded on taxes and this wont be on it and you wont get hte money you need RECORD ALL MONEY BROUGHT IN!!!!!!!! |
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Judy1
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He's telling you to do something illegal. No it's not true that you don't have to pay taxes on it.
You'd file a schedule C or C-EZ showing your income and any associated allowable expenses, and a schedule SE to calculate your self employment tax social security and medicare). The numbers from the bottom of the two schedules will go onto a form 1040 (not 1040EZ or 1040A) to calculate your total tax owed. |
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the Boss
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It is a bit shady. If it's a small amount I wouldn't worry too much, but if it's a lot of money it's not good to be involved with under the table work. |
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snck
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Dude, the guy is breaking the law and telling you to do the same. If something smells fishy it most likely is. Don't ignore your instinct.
You are required to report all income regardless if you think its being reported or not. Now its not uncommon for a person to work as a contractor and get paid a gross amount and not have taxes withheld if you meet certain criteria, but in all likelyhood you should be classified as this guys employee and have your taxes taken out, proper social security and medicare matched and recieve a W-2 at the end of the year. |
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gorgeouscorpse
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Unfortunately you need to do a 1099 form. You will have to pay in, but you won't get audited. And your boss is either an idiot or a crook. |
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Uncle Dud
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If it is less than 12K a year consider it a gift.
You will open a can of worms if you claim it.
I worked for a Pizza shop that was run by the mob. I was paid cash. I did not claim it as I am still alive today1 |
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The Showman
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nope its under the table and untaxible. |
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