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 Does anyone know whats up with irs "wheres my refund website"?
I did my taxes the 16th on efile the irs accepted it and said Id have it dd by feb 3rd...now it says we are sorry we do not have any info on your refund...and earlier it said please call the irs with ...


 Most EU immigrants dont pay uk car tax. should we say yeah good luck to tax evaders?
...


 Why are the people that paid the least amount of taxes getting a stimulus check?
I won't be getting a tax rebate check because apparently I made too much money. I busted my hump last year, paid a ton in taxes and now some trailer doosh is going to get a check and I'm ...


 How much of my salary will I take home?
My new salary will be £26,000.
How much of this will I take home after paying Tax, NI and a 6% pension contribution?...


 My son only lived 11 hours, can i still claim him on my taxes? and if so how much would i get back?
im also made less than 10,000 this year....


 Do you have any info on your economic stimulus check with direct deposit and last digits of SS 36?
Some insight would be great. I looked on "wheres my stimulus?" but it showed no info. I took my taxes to a private accountant but not sure if he used turbo tax, do most private accountants ...


 Can IRS reverese being claimed as a dependent?
Can they reverse it if i call them. I want my stimulus payment and my dad f'ed me over
Additional Details
why did the irs dick 17+ people over with this dependent bullshit??????...


 If you inherit a estate from your father, is it excluded from your Taxable income?
...


 I am renting a house from a charitable foundation - all of my rent goes to charity, so is that tax deductable?
...


 A question for those who already did their taxes this year...?
i am just curious how much you got back this year. Please answer my question in this format:

salary this yr / tax return / state

(so it will look like this)

$30,000 / ...


 Did I get cheated by the government?
Ok, so you know how every single person who filed taxes was going to get $600? I only got $300. I am not a dependant, I am single, I efiled my taxes on time. All of my friends in similar situations ...


 How long does it take to get stimulus payments by mail to adrian mi. Bcuz I used Turbo tax it will b mailed.?

Additional Details
I called the irs and because Turbo tax uses a third party the gov't refused to pay the charges they require. So they will be mailing checks to those people even ...


 I went out on IRS.gov to check when my stimulus check would be deposited and it said error.Anyone else?
Has anyone else had that problem? I did a few of my family members also with different ss# and it still didn't work, but my mother's worked. I don't understand why some are working ...


 Is it necesary to get a letter of recommendation from a past employer notarized? Will that look good?
I have a job working as an adminstrative assistant but I get no benefits and not that good of pay so...I am about to start my job search all over again to find something better. But I wanna know if a ...


 Double digit unemployment? I love you Obama ?

Its a coming

GO OBAMA!!!! - does the name Carter ring a bell to anyone

one thing I found interesting in my own mind last night - I thought wow Obama has promised he will ...


 Am I reading this right?
Will someone go to this site and tell me if I am reading this right? It looks to me like Obama's Plan will increase taxes for those who make 20-50 thousand and McCains will be decreased.
<...


 How can i find out how much i made last year?
i am filing taxes thru turbo tax and need to know how much i made in the year 2005 how can i obtain this info....


 What a good % to put in your 401 k?
...


 Can the IRS force me to sell MY inherited land because of my husband's tax debt before we married?
My husband and I married two years ago. He had a failed business resulting in delinquent taxes and TFRP about 8 years ago. We were not married at that time. Since we married I inherited 6 acres of ...


 Am i required to file personel and business taxes togeather?
...



justlifefornow
If my mom gives me 1.5 mill do I have to pay tax's and if so how much?
                     
 




Charlie
Absolutely! Need a tax acc't or lawyer. There are ways to lower the taxes.That money can't just show up in your bank acc't without the IRS reciving bank report...so go totax expert first. Good Luck!


jinenglish68
You won't have to pay taxes, since the recipient of a gift never has to pay federal, state or local income taxes on the gift. Your mother, however, will likely owe federal and perhaps state gift tax on a good portion of the gift, since $1.5 million is greater than the lifetime gift exclusion amount. She is the one who should be seeking the services of a tax professional (and don't go to a CPA either, go to someone who really understands taxes).


tma
Your mother would have to file a gift tax return and she as the donor is responsible for paying any gift tax. There is a $12,000 exclusion she can claim.

Every donor is also allowed a lifetime gift exclusion amount of $1 million. Assuming she hasnt used up this credit, only about a half million will be taxable, and the tax due will probably be around $155,000.

Your mom needs to file a gift tax return (Form 709).


waggy_33
Rating
you don't have to pay any tax, this is not income to you. She would have to pay gift tax in the amount of $210,000.


Medical and Business Information
Rating
If you're serious you don't have to pay taxes on a gift.


juanita2_2000
Rating
i think you have to pay tax's on that money

congratulation hope you do something good with that money


GAgirl
yes someone will have to pay a gift tax (not sure if it would be the giver or the recipient) should be somewhere between 30-37% of the gift


kja63
Rating
The Uniform Gift To Minors Act is for $10,000 a year. For 1.5 million, you would need to check with a tax accountant.


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