 Why is family allowance paid to rich people who don`t need it? |
| And, in order to stop its abuse, why isn`t a portion of it paid in clothing and footwear tokens? I heard some people putting this viewpoint forward the other day and wondered what Q/A `s opinions ... |
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 Kk....i need to control ma temper..vat do i do?? |
| i really need to have a control over ma temper.vat shuldi do??... |
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 Should a 16 yr old pay tax on 8 hours a week job- if so how much? |
| They took a load of tax from him when he first started but we don't know if or when he'll get it back.... |
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 What will happen if I do not include my husbands' 1099R on our tax returns? |
| The reason I ask this is because we REALLY need the money right now because I am unemployed at the present time due to a sickness. The early withdrawal was for $18,000 and we paid some federal taxes(... |
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 We are married and are both claiming 0 -- but still owe money ? |
| My husband and I both work and both claimed 0 on our W-4, but every year we owe taxes ...Together we make around $73,000 -- and this year we owed $1700! What are we doing wrong?... |
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 Tax question? |
| My wife made less than 1,000 dollars last year, do I have to fill out her information on our taxes?... |
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 Why does it cost so much to have your taxes filed? |
| Filing taxes every year is something we all HAVE to do, regardless of income. So, why does it cost some people so much to have them filed? The prices are getting outrageous..... |
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 Does anyone know where our tax goes in the UK? |
| Just wondering what the breakdown was? Of say, every pound you pay in tax, 10p goes on Iraq, 25p goes on admin, 40p on the national debt, 2p on Health services, etc.... |
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 Will the UK ever adopt the Euro as its currency? |
| It would mean the UK would lose control of its fiscal policey.... |
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 How does the inland rev. discover that you are not paying tax if you haven't registered as self employed? |
| My sister is working for a doctor p/t and earning approx. £1400 per month. He does not pay tax or N.I. contributions and says she should register as self employed. She hasn't done this as she ... |
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 This is about social security for people over 65? |
| I want to know if a man is collecting social security when he is 65,and gets a full or part time job,will he be able to keep the money from that job without it being deducted from his social security ... |
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 WIll I be better of working?? I'm on benefits and really want to work but am worried bout rent etc...? |
i really really want a job....im on jsa and housing beneifit, but will i be better off if im working?? i'm really worried about how i'll cope with rent etc .......thanks
Additional D... |
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 What do you say to someone who says there is no law require you to pay income tax? |
What law is it that requires it? I don't actually believe that croc, I just want to know the actual law.
Additional Details
An amendmant, is a CHANGE to the constitution. The ... |
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Phil_O | If a friend gives you a large sum of money as a gift, is that taxable income? |
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SuzeY
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Lucky you! The recipient of a gift doesn't pay tax. If the gift is over $11,000, the person who gave it to you may owe gift tax. So, the good news is that you've just received money tax free. Thank your friend profusely and take him/her out for a fine dinner! |
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KM
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Read this source. .pdf Yes depending on the amount. |
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Josh
 |
Absolutely not. There is a gift tax, but that is the liability of the giver. Plus there is an amount that can be given before it's taxed anyway. Don't worry about it. |
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tait_brown
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not if it is the proceeds of a crime |
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STEVEN F
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Gifts are not taxable to the recipient. The must pay gift tax above a certain amount. |
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beernotcider
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YES. |
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Judy1
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Depending on the sum, there might be a tax, but to the person giving the gift, not the person receiving it. The person receiving the gift(s) doesn't even have to report it.
A person who gives any one person gifts valued at a total more than $11,000 in one year must report those gifts, and might be liable for a gift tax. See the link below for more info. |
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TaxGuru
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Gifts are not taxable income. However, what is a gift under state law is not necessarily a gift for federal income tax purposes. There must be "donative intent" and no quid pro quo. The donor should not be under any obligation to make the gift.
Some people think that calling a payment a gift makes it nontaxable. But what really matters is the intent and purpose for which it is made.
You do also have to consider potential gift tax consequences. |
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hot stuff
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yes but if it is cash what the government don't know won't hurt your pocket |
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xtowgrunt
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Yes |
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luv_yorkies
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You can receive a gift of up to $11,000 from someone without paying any taxes on it. |
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Heinz M
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Yup, gift tax. You can only give a certain amount every year, even to relatives. |
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Ren
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For you, no. If it's over $11,000 the giftor has to pay a gift tax (not very much or non). |
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