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 What do I need to claim on my W-2 in order to not owe taxes?
...


 Some tax advice for a very low-income student?
My parents typically take care of most of my money stuff, but I'd like to do this myself.

I have two sources of income: a web-site that got me ~$3500 last year in Google ad revenue, ...


 I draw a salary of 3.8 lacs per annum, what is my taxable income and what are the possible ways of saving tax?
by claiming tax rebate under sections of IT. I did to avoid ...


 I believe I was overcharged for my tax return-Who do I contact??
...


 My paren'ts pay for my insurance and everything, but shouldn't I still recieve a tax check? I have a job
I work and pay bills so why don't I get a tax check? Do my parents get it instead?...


 If you already have a severance package with Lehman will they still honor it?
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 Anyone receive their stimulus check by mail today May 27, 2008?
ss# between 10-18
Additional Details
I RECEIVED MINE TODAY IN THE AMOUNT THAT IT WAS SUPPOSE TO BE!!! i HAVE WAITED SO LONG...


 Smoking ban TAX question?
now that the smoking ban is now in fun swing?? my question is
A how much tax is on a packet of fags
B if lots of people give up (!!!!) how much tax will the government lose a year
C...


 My employer still has not sent out my 1099's!!!?
What can I do? I've already made 3 attempts, and they keep telling me they will send them out. I'ts been over a month since the last time I called! Now what!? I worked as a Loan Processor. I...


 Should I withdraw my pension?
I have been accepted to a master's program at an ivy league university - a dream come true, but I do not want to be burdened with more student loans. Should I withdraw my pension - 20,000 to ...


 If I always get all of my federal taxes back when its time to file them would it be possible to..?
get the money now that I have already accrued? If so how do I go about doing that?...


 Are taxes due when your parents pass away and you inherit stock?
...


 How do I stop taxes from being automatically withdrawn from my paycheck?
Basically, I need my full gross income for the next few months to handle some large expenses. I want to defer paying income taxes from my paycheck until a later date. I am currently W-2'ed and ...


 Do you pay sales tax on 99 cents?
Do you pay sales tax on 99 cents or less. I've heard that you don't....


 Last paycheck question?
Last week I quit my job, and im wondering if I have to go to the store and get my paycheck or if it is mailed to me?...


 Just got my w2 from my work...?
i have been told that the "federal income tax withheld" is what you get back...is this true??

This is my first time filing for taxes, and before anyone asks...yes I made 3,000 or ...


 Can I file my taxes as single, even though I am married?
I want to file separate from my husband (we have never filed jointly yet) because he owes some back taxes and I'm afraid if we file together, the IRS will take my whole refund, which I need for ...


 Can I deduct on 2007 return taxes paid in 2007 for 2005 tax year?
Was assessed both a tax bill and penalty from the IRS in 2007 for 2005 tax year. I know that the penalty can not be deducted on my 2007 return, but can the actual tax paid in 2007 for yr 2005 be ...


 When claiming a child on your taxes...will the IRS check and see if you support them??
My boyfriend has a child with a married woman. When he was going to do his taxes the woman said that my boyfriend can claim the baby because she wasnt going to give her husband the social security ...


 Why is the refund so large?
I am bothered by a question someone has asked. The person said she filed jointly with her husband and they were getting back $9000. Who gets a $9000 refund and why would anyone get that amount of ...



Guess
If i earn money online do I need to claim it on my tax report?
If i earn money online (from my own website) do I need to claim it on my tax report (I'm in Canada)? 'Cause if I don't claim it, there's no way for them to find out how much (if any) I earned, right?
                     
 




Lily
Rating
Any income earned should be reported IF you want to do it legally/ethically/properly.

If you do not declare it but get caught later you have to pay not only the taxes but a fine.


geoff_hazel
Rating
You may or may not NEED to claim it, but you may WANT to. Why? Because when you go to apply for a loan, they want to see your INCOME and that is verified by your tax returns. If you want this income included in the loan decision, you'll need it documented on your tax return.


Hot Girl
Yes of course, you know you can't get away with anything in this country.


John's Secret Identity™
Are your customers mailing you cash? No, of course they're not, and of course the government will be able to find out how much you earned.


Tiberius
you said 'do i NEED to claim it'........NO, like you said, it's from your website and they have no way of knowing.......((word to the wise -- just do not tell anyone that you did not claim it, there are snitches everywhere !!!!!!!!)

now, do you 'have' to claim it.....yes, you legally have to claim any INCOME on your canadian return.

you connect the dots and make your own decision.


psperron
first if you have a website and recieved any money two thing may happen
if your web site is in canada you will be taxes since your internet provider will have to make a information sheet to revenu canada telling them about the money coming in , pay pal and all agencies collecting money with internet secure connection have to contact the local tax office in the usa then irs will contact canada
also if your website is located on a us carrier the irs may also charge you some taxes
then also there is the fact that internet payment companies send your money to a bank account and then it become also a tax so check for sure but yes you will have to declare it if you dont and get caught think of this
the fine will be double what you earn plus interest since the first day also you may also go to jail for a minimum of 7 years for income tax evasion to 25 years in jail plus loose everything else


Mariposa
Rating
Yes, since it is an income that you earned.


mariagarzasea
yes
any place as paypal, plunderhere, ebay, any place have to have a form for every month your income is come to you and you have to present in the 199 C FORM
have a nice Holidays


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