 What does a tax preparer do for me? |
| I usually do my taxes myself. But now that I am maried, husband is military and I have a mary kay buisness(that is not doing too well) I need someone to help. I have all this paperwork and receipts ... |
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 How to add tax to total cost? |
| I need to add 6.5% sales tax onto $54.00.... |
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 Can i claim a child as a dependent that is not mine? |
| my girlfriend has a child and i took care of her most of the year, however the child does not have a social security number i want to know if i can still put her on my taxes as a dependent or not,if ... |
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 Do you pay income taxes? why? |
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http://www.26thofjuly.co
Join the fight! Learn YOUR freedoms! Refuse payment of the income taxes as it is UNCONSTITUTIONAL! Personally I ... |
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 Is an employer allowed to lend money to an employee? |
| I'm waiting for a mortgage to come through and will need a couple more days to get the money. I am willing to pay a couple of days interest at official rates but just wondered if it was ... |
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 I have recd 2 outstanding council tax bills for 2003 & 2004, req £2100 within 14 days am i liable to pay? |
| I have moved and forgot about these bills, I have just received them today, saying I have to pay £2100 in full within 14 days is this true?... |
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 My husband claims zero, we are married filing jointly and I do not work can he claim me as a dependent? |
| We have a son that we know we can claim but what about me? I am a stay at home mom and I do "depend" on my husband. He claims zero every year. He does that work?... |
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 Why does the goverment tax high income people? |
| isnt this unfair, why is this even here, I dont understand why they would want to tax a office worker more than a taco bell worker, since they are all using the same services from the goverment, on ... |
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 I heard that the year that you get married for the first time you get $500 extra back on your tax return.? |
| Please let me know if this is still true. I need to file our taxes asap for financial reasons so please let me know if you know anything. Thanks. If you happen to know which form it is included on ... |
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 Does anyone know where i can find a printable tax form for hybrid cars tax deductions? |
| i have a 2007 nissan altima hybrid, and i readonline that hybrid cars are eligable for tax return. I am looking for that form !!! please help me find it!!! I live in NY... |
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 My ex claimed my daughter as a dependent and recieved the EOC. Can I still claim her in some sort of way? |
| We have joint custody. I was told if she claimed her for the Earned incom credit I could use her for a deduction.... |
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 Can the inland revenue demand back overpaid pension credit? |
| I know someone who has told the Inland Revenue they think they are being paid too much Pension Credit and have given in all their income details but they have been told it is correct. What if the IR ... |
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HugoAGogo77 | If my parents add my name to the title of their house as a joint tenant, do I have to pay any income tax? |
Does adding my name as one of the owners of a piece of real estate constitute taxable income? |
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miss_chrissy_dawn
 |
not until the age of 16. |
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THEHATMAN
 |
No.
You only have to pay income tax if you get income. Therefore if you ever rented out the house and the money went to you then you would have to pay income tax.
A better question you should ask would be are your parents going to take the tax deduction from the mortage interest.
If they dont have any income then you should take it.Which means you can deduct the mortage interest off your income. |
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PuterPrsn
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Not unless there's an income from the house - like you have renters or boarders. If there's no income, there's no income tax.
However, if something happens to them, you will become the owner, and then will owe property and school taxes. |
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kerfos1
 |
Don't forget property tax responsibilites as well. Perhaps ask them to will it to you, if they want to be sure you get it. |
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quietwalker
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Income tax on the property? No, unless it's a rental. But you will have to pay your share of the property taxes. |
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DollyLama
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Unless the house is rented or leased by other individuals, it is not
income. Only property taxes, and insurance are required. Your parents may be making those payments anyway. Perhaps they are just wanting to insure that if they should pass, the home will automatically be your sole ownership. Or if they become incapacitated, you have a joint ownership to be able to dispose of the property if needed to be sold for medical needs, although you would probably need to have Power of Attorney to sell their portion while living. |
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Hose Nose
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you do not pay income tax on a house but you may have to pay property tax |
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tigertiggerii
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You are responsible for it yes, but as long as it is being paid by your parents there is not an issue. Just like co-signing on a loan, you are trusting that the loan is getting paid but if it is going to go into default, then the co-signer will be approached. |
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