 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 ... |
|
 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 ... |
|
 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 ... |
|
 Does anyone know if I can file my husbands w2 tax because he is in jail...? |
he asked me to do it but im not sure how to and if i can...
Additional Details
and thank you everyone for your answers..... |
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mayan | If i get child support payments is that concidered income? |
Do I put my son's child support down as income when i do my taxes? |
 |
 
Lulu
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child support is not considered income..so the answer is No...you also claim your child as a dependent and receive the appropriate child tax credit on your return.....here is the publication that explains it
http://www.irs.gov/taxtopics/tc422.html |
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bostonianinmo
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No. Child support is not income for the recipient or deductible by the payer. |
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Judy1
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No, child support isn't reportable income |
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v b
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No. |
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Holly Golightly
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no |
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snjas1
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NO NO NO.
Not on your taxes. Child support is not taxable to the recieving parent, nor is it tax deductible for the paying parent. Now, if you were applying for a loan you CAN put it down as income to help you get that loan, credit card, or whatever, if you want to, but never on your taxes. |
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Sahara
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You don't have to pay taxes on child support because your spouse pays the taxes on it. You do have to note it though as tax-free income. It shouldn't affect your tax burden or refund. |
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JazzyD
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child support payments are considered a source of income but as far as talking about putting it down on your taxes I don't think you should list child support payments because you do not have to pay taxes on it. |
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