 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?
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 When do you pay taxes on stocks? |
| for example, i sell a stock and make profit on it, will the taxes bededucted right away when the profit is deposited in the account or i will have to pay taxes when i cash out the money? or if not ... |
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 Where can I cash my Income Tax Refund check? |
| I have no checking account and I need to cash my income check. Where can I do that?... |
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 If I am reimbursed for travel expenses, do I have to report that as income? |
| Mileage, hotel, meal allowance....I pay out of pocket, submit an expense report, and my boss cuts me a check. Does the IRS consider that income?... |
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 Can i claim jobseekers allowance if i resigned due to employer saying my position no longer available? |
| i went for a leave from work and when i came back my employer said my position was no longer available to me. so i resigned. i heard you have to wait 3months to apply for jobseekers allowance but ... |
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 Did not receive a stimulus notice but irs.gov says I qualify? |
| Anyone else not receive the original notice that went out? When I do the calculator on the IRS website it says I qualify, so I am wondering what does it mean if you did not receive the original ... |
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 IRS REFUND DELAYED DUE TO PROCESSING DELAYS? |
| My refund date was changed in the system from 2/3 to now 2/24. I filed for RAC through HR Block. HR Block told me yesterday that nothing in the system was worng and it appeared my funds would be ... |
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| This is my first year as an indpendent contractor, and my tax professional says I owe...? |
| I was expecting to get about 2500 back in earned income credit, but they are saying i owe 300. I only made 23,500 and I had 8000 in expenses. I didn't pay in my medicare or ss through the year, ... |
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 Do you HAVE to file taxes? |
I only worked for about 1 week last year. Do I HAVE to file taxes? Is there any kind of penalty for not filing?
Additional Details
Parden my ignorance, but I don't know what a ... |
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 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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Mrs. Robinson | IRS rebate? |
Does anyone know if this is a rebate OR an advanced payment. if you recall, bushes first year in office, we all got a "rebate". however, it turned out to be an ADVANCED payment based on the next years taxes, and in turn, had to be reported as income. i ended up oweing money that year because of that "rebate" we were givin. |
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Richard M
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Not this time.
The rebate will not effect your 2008 federal tax liability or refund. The law says the IRS can't recover any extra rebate payment by reducing your 2008 refund or adding to your 2008 tax bill.
The "rebate" is an advance credit against your 2008 tax return (which will be filed in 2009). However, it is calculated based on the amounts shown on your 2007 return. When you file your 2008 return, the IRS will recalculate your "rebate" based on the 2008 amounts. If this results in a larger "rebate", you will receive a check for the difference. If this results in a smaller rebate, you will not have to repay the difference.
The "rebate" will not increase or decrease any tax refund to which you are entitled. It is an additional refund. |
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lucid
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I believe the purpose of this "rebate" is to go and spend it in an attempt to boost the economy.Personally, i think he should worry less about what we buy, and worry about how much is spent on imports. Start putting out more exports to even it up some. he's a knuckel head! However, i'll take take the cash. tee hee. |
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Judy1
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For 2008 there is a one-time tax cut for income in the 10% bracket - the rebate is an advance on that. If your rebate is more than the tax cut would have given you, you don't have to pay back the extra. so your refund next year will be the same as it would have been if there had been no stimulus bill (no tax cut, and no rebate). |
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Cindy J
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It's a rebate for next year, being advanced this year. You do not pay it back. |
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Alvin B
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Regardless, it is a government handout, and our grandchildren wil be paying for it, because the government has been broke since Reagan. The government debt is so large that they can't even count it correctly. Sending people money is an attempt to diffuse our growing anger toward the president and congress who steadfastly refuse to abide by the will of the American people.
And anyone who believes that anything will change when one of the parasites running for the presidency is elected, is a fool.
Bush may be the worst president in history, and the next one is likely to be even worse. Be honest. In your lifetime, viewed as a trend, haven't they grown progressively worse?
People who still cling to political parties are killing America. The political parties do not represent us.
We are still paying for Korea and Viet Nam. We still have troops in Europe because of WWII. We make movies, export food, and police the world, and not much more.
I told my son, "Bush is sending us some money, you are going to have to pay it back." He likes the government already. |
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LKaye
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YET AGAIN IT'S A REBATE |
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americanfreeman
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some bd answers there
The Stimlus Package is a one time payment to you. You do not have to pay it back. It is 100% tax free of federal tax. Currentlt it is 100% tax free of all state taxes. Some state may decide to tax it, though I think that is unlikely.
BTW the previous rebate was not "taxable" it was an advance on the next years refund. If you had a small refund due, it could put you in a position where you had to pay cash part of it back. The net result for ALL taxpayer was even. They gace you some money, and you gave ack the same.
This money is different. No repayment. |
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Internet Troll
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Don't know a lot of people got screwed in that year. |
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