 Do I have to claim my 401K withdrawal as income on my 1040EZ? |
| I already paid the 10% penalty as well as the tax percentage based on my income brachet.... |
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 Live together but not married...can boyfriend claim me on taxes if he supported me all year? |
| Me and my boyfriend lived together all year. He supported me and paid all the bills and I just want to know if he can claim me as a dependant on his taxes. I made less than the required amount for me ... |
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 Do you have to pay income tax on money made from recycling scrap metal? |
| If so, is there a minimum amount that you can make before you must claim it as income?... |
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 Please explain the logic and legality of employer deducting tips from my paycheck.? |
Lets say... I do a haircut that cost $20. The customer uses a credit card to pay. They add $5 as a tip.
It is rung thru, the $25 is now technically in the cash drawer.
I take out $5 from ... |
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 Can I file for my taxes next year? |
| okay, i am only 18 and i have been employed (with two jobs) for about three months. i was thinking that by the time next april comes around, i should have the right to file my taxes because of my ... |
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 Garnishing Income Tax return for missed child support payments? |
| How would I go about taking an ex partners income tax return and stimulus check for not paying child support. Child support has been ordered but not a single payment has been made.... |
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 Failure to file federal taxes - IRS? |
| My daughter's sister in-law and her husband have not filed taxes since 1998. If they file them now can they also be charged criminally? Would they go to jail with minor children?... |
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 Why don't we just have a 15% income tax across the land with no exemptions? |
SORRY - To all those who are so privilaged, they live off the fat of the land. Think of it as bad for the heart.
Additional Details
This way the people who make less, would pay less. <... |
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 If I wait until 2009 to deposit a commission check, do I pay taxes in 2008 or 2009? |
| I earned a commission (realtor). Do I pay taxes the year it was earned or the year it is deposited into the bank? Would love to include it in 2009 taxes. We're really struggling.... |
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 Why are people who are not getting the stimulus package rebate so angry? |
Don't they realize that the basic purpose of this rebate is not to help them pay their bills, or make ends meet, or help them afford school, or anything like that.
The only purpose is ... |
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 Can anyone talk me through the self assessment tax process? |
| Am working freelance for about 3 months, and am absolutly clueless when it comes to practical financial matters, I would be sooo grateful if someone could post up step by step instructions about what ... |
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 If married for 6 months of the year and now divorced, how do I categorize myself for filing taxes? |
I know that I should consult a tax specialist (and I will), but...
If I was married for 6 months of the year, how do I file my taxes in the US? As a final year of jointly married? M... |
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 Did anyone get their refund? |
Did anyone personally get their refund today or know of anyone that did?
Additional Details
Thats guys. All of your answeres helped, but I found out what was goin on. Because I am ... |
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exceptionallyexcepti... | If someone else files your kids on the their taxes, is it illegal? |
I mean i know two people cant file the same child but if you let some else file your child becuz they can get more money than u can, is it illegal? |
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Lauren P
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A person can claim your child IF:
Your child is their "qualifying child"
-they are a lineal relative (grandparent, father)
-the person provides more than 50% of the child's support
-the child lives with the person for more than half the year
-child must be under 19
Your child is their "qualifying relative"
-the child is related to the person (lineal ascendant or collateral ascendant)
-gross income test--the child cannot have income exceeding more 3300
-1/2 of the support must be furnished by the taxpayer
If the child doesn't meet either of these tests, you would be committing fraud (way worse than negligence) which means you could face serious criminal penalties |
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God's Child
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It is illegal. Mainly because when you file a child on your taxes, you are telling IRS that you have been taking care of them and providing for them the whole year. If you haven't then it's illegal. |
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nosleepthree
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Unless that other person is a parent or legal guardian, yes, it is very illegal. You will pay penalties, and so would that other person. Since your goal is to get money, not to be fined, then I suggest you do it legit. |
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Rockies VM
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Several tests; age, relationship, where housed, percent support, etc.
If the child qualifies, the new recipient qualifies, and the parents don't claim or contest, then maybe.
See for details:
www.irs.gov/newsroom/article/0,,id=133... |
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Rebecca
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Yes, it's tax fraud. There are guidelines to being considered a "dependent", including the child must live with the person claiming him/her for a certain amount of time. |
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Gene S
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Yes this is illegal. Even though it is done often. It comes down to your moral values of right and wrong. But do remember, if you are audited you will have major problems, not to mention if you and your friend have a disagreement on the money. |
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Judy1
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It can be done legally only if the child actually lives with the other person and they support the child. |
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nwnativeprincess
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as long as both parties agree. |
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shaydzofluv
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YES It is unless they took care of your child all year long. Thats the only way that someone else can legally claim your child. |
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mac
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Yes it is illegal unless the other person is the father. Only parents can take tax deductions for children unless your children are legally in Foster Care- in which case the foster parent will claim your children. |
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