 Should I file taxes jointly when my Wife didn't file her income taxes for years? |
I am recently married and my wife filed her taxes for the first time last year (we were not married then) and she was suppose to get a refund but the IRS took 90% of her return back.
If I ... |
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 Will people receiving Social Security or Social Security Disability be eligible for thed $600 tax rebate? |
| Will people receiving Social Security or Social Security Disability checks be eligible for the government tax rebate this year?... |
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 Do taxes eat up a third of your salary? |
| I have been trying to figure out how to budget yearly, as opposed to monthly-paycheck to paycheck. My hubby makes $72k before tax and by my calculations, we only get $4k a month--$48k a year. So ... |
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 Why do some company's charge sales tax and some don't? |
If you have the source to your information please list it.
Additional Details
what about online stores...why do some charge sales tax, while other online stores don't.... |
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 Can you claim a child born after the tax year end? |
Example: Tax year ends December 2007...Child born February 2007.
A friend of mind told me it is possible. What do you think?
No wise remarks please. Truthful, intelligent, ... |
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 Rapid refunding my taxes? |
| Can any accountant rapid refund my taxes last year i had it done by a company who didnt require there help be accountants taxes were messed.. This year id like to use a CPA but I am not sure if they ... |
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 Can a CPA, who's not your accountant, look up tax info to see how much a certain family made a year? |
It's a long story, just wanted to know what kind of access CPA's have
Additional Details
Ok, long story short, I wanted to know if my future father in law looked up to see how ... |
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 Do I pay taxes on family inheritance? |
| My Grandfather just passed away, and I have learned that he is handing down to me 20% of his stocks. When they are all sold, I will be getting approx. $70,000 dollars. Is this taxible? Do I have to ... |
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 Do i add my child tax to mine? |
| My 16 year ago just got a job do i conbine her tax with mine or what do we do . My child has been working for 3 months ... |
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 What will you be doing with your income tax rebate check? |
| will you stimulate the economy with it, like buying a HD flat panel television with it? or will you be selfish and use it for food, or drugs? or worse yet, pay off some high rate credit cards?... |
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 Would Americans be willing to pay a flat tax instead of Income Tax? |
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A flat tax of 18% on all purchases/sales. The Illegals, tax protestors & All Corporations have no safe harbor because everybody pays at the cash register. The Nat&... |
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 We have 3 people on are mortgage. Come tax time can I claim everything if they are cool with it? |
I make the most money so I think that would work out best. is that true?
Additional Details
our not are... and yes I am gonna split it with them.... |
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 Need much help!!! Think we were lied to! Unbelievable!!? |
| My husband started a new trucking job in October. All they told him was that you pay your own taxes, they do not take taxes out of your pay. He recently quit that job. He did not get his last ... |
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 Taxs credits question?? |
I am hopefully going back to work in about a month...How long should my working tax credits and 80% of nursery fees take to come through.
The reason i am asking is because I am totally as ... |
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 Down payment help? |
| hi there,,,i am planning to put a big down payment for a new car i am planning to buy under my name,,,i never filed tax and dont have any income,,, i am planning to pay $15000 as the downpayment,,,i ... |
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lovenlife | If I sell used items on Ebay, do I have to claim the income on my taxes? |
As far as I know- Garage Sale income doesn't count as income... does it? |
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bostonianinmo
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If you sell the occasional item of personal property for less than you paid for it there is no tax owed on the sale. If you sell it for more than you paid for it, capital gains taxes are due on it.
If you're in the business of reselling things on eBay for a profit then you must include this in your income and pay the taxes, including self-employment taxes, on the income you earned.
BTW, the IRS LOVES to find businesses masquerading as "garage sales" and they put any number of them out of business every year. Don't forget that IRS agents go to garage sales and buy stuff off of eBay just like everyone else does. Once you get on thier radar screen, you're busted. |
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Richard M
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You only need to report a capital gain - if you sold the item for more than you paid for it. |
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Judy1
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It depends, and the answer is the same for ebay as for garage sales. If you are just selling your old stuff, you are most likely selling it for less than you paid for it originally, so you don't have a profit - so you don't claim it or pay tax on it. If you make a profit, then yes you are required to claim it. |
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Big Woof
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Yes, it is still income to you. Most folks won't bother reporting and the IRS will not follow up on tiny amounts. However, the E-bay sales are a matter of record and can be traced. Best to be upfront about it. |
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stephenweinstein
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If you sell items for more than your paid for them, you pay tax on the difference. This applies even to garage sales.
However, if you are selling items that you purchased new, you will probably receive less than you paid for them. If this is the case, then you do not have to pay tax on the income. |
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ktrb
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It's a gray area. What I've been told is that if you sell the item for less than you paid for it, you're not making a profit and therefore you don't have to report it. I'd check with a tax professional to make sure, though. |
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zornundox
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Can't deduct losses on personal property sold for a loss. |
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infoman6617
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not really if you dont make a killing doing it your fine dont worry about it |
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