 Info about 1099 tax form? |
| What benefits could a person in real estate receive from filing a 1099 tax form? ...Is that how they file commision? How exactly does it work and what all could be claimed? ..Anything would be ... |
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 What do I do if I've lost my w-2 forms? |
| Ok... so yes I put off doing my taxes til the last minute... but I thought I was giving myself enough time..... problem is.... I CANNOT FIND MY W-2 form that my job sent me! I worked at 2 places this ... |
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 The IRS does not tax gambling winnings? True or false? |
| Let me elaborate. It's true that gambling winnings are reported by casinos to the IRS. If you do not report these winnings, the IRS will come after you for them if the amount is at all ... |
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 What are some cases that you should file seperatly if you are married.? |
| i am married, but claim my wife as a dependent, but she also works. i need some advice on what i should do as far as filing seperatly or jointly.... |
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 Get answers from millions of real people.? |
| If we have already received a stimulus check of $1200. When will we get the additional $300 per child?... |
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 For giggles I have to ask? |
| I come from a upper middle class family & guess in some ways it seems as such I have to ask why do people making over $100,000 a year complaint so much. According to the tax code it seems anyone ... |
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 Another stimulus question? |
| I am confused about how much my family will get back, and my husbands ss# is in the 50's so I can't see it yet on the websight, but I wondered if anyone could give me insight as to what I ... |
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 My boyfriend does not work and i support him so i usually claim him as a dependent on my taxes.? |
| This year he went to the casino and won a jackpot of $1800 and he sold about $3000 worth of crap on ebay. Does he have to file on his own or can i still claim him like usual.... |
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 Is it legal to completely fill your car with stuff to take to England? |
| I was wondering, if I filled my whole car up in stuff I bought from France until I could hardly get in the car to England, would I have to pay certain taxes or would they ask me to take out most of ... |
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 Help i was called by some compAny in washington d.c? |
| they said that i was being given a grant of a couple thousand dollars because of always paying my taxes and that there was no catches to it or anything and that i would never have to pay that money ... |
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 I still haven't received my tax rebate payment. Last ss #22 and direct deposited. Has anyone else not? |
I tried the irs ph # and was on hold 20 min all 3 times. Does anyone know how I might could talk to someone to see if there's a problem. Husband had surgery and really need that money.
A... |
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 Tax Question..... About 1099-MISC..... Any Help? |
| I am self-employed and I'm trying to wonder if I have to file a 1099-MISC to the IRS because I rented from someone a salon space for my business. Do I send a 1099-MISC to the person that I ... |
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 I want to donate my car to charity. In terms of tax deduction, does it matter which one? |
| Will I get a bigger deduciton by donating to one charity instead of another or are they all the same (in terms of taxes)?... |
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 Stimulus payments.....? |
| Just curious if there is anybody out there that was expecting their stimulus payment via direct deposit on May 2 nd and didn't get it? According to my social security I should get it deposited ... |
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 How can I stop paying so much in taxes? |
Is there a company out there that can help people like me who know there must be a better way. It is so hard toy get ahead.
Please help if you know something I do not!
Thanks!... |
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 Am I entitled to a refund? |
| I bought a pair of shoes 6 months ago for £85 and the soul has come off. I still have the box they came in from the shop but no receipt. Can I get a refund or get new ones?... |
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Madame_Albright18 | If your a minor, do you not get charged for any taxes? |
I lost a pretty penny to the IRS. Is their certin conditions you have to be under in order to be "dismissed" on taxes?
no mean comments please, thanks! - j |
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PepsiLime
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Nope, no matter how old you are, as long as you are breathing and have taxable income, you have to file a tax return and pay taxes. |
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buck
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age will not matter |
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Sooner Girl
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if you work you pay taxes no matter how old you are |
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aaron_montague
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Age is NOT a consideration in the amount of taxable income you can generate.
Generally you won't have to pay much in the way of taxes if you don't make all that much money. The small disadvantage teenagers and college aged people have is that they are usually declared "dependents" by their folks. A dependent is someone who has a majority of their life paid for by the parent. This won't really affect someone unless they are making more than $4500 or so in a given year.
Other things to watch out for: signing up as a 1099 contract employee. A 1099 employee is responsible for ALL of their own taxation and pays a similar amount to a W2 employee. The sole advantage of being a 1099 employee is that you have a list of items you can write off (lower you taxable income) each year.
And remember, just because you paid it out initially doesn't mean you won't get it back next April.
-Aaron |
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Carl_the_Truth
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I've worked for the IRS, if you have a "real" job, you have to pay taxes. No exceptions. We even receive tax forms from people that are dead. No kidding ! Death and taxes are two things you can't escape. Sorry |
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Tim S
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It's about how much you make not your age. If you make under a certain amount you do not have to pay. |
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Judy1
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Nope, your age doesn't have anything to do with what taxes you owe - that depends on your income.
You might be thinking about the ability to file "exempt" on a W-4. That doesn't mean you don't owe taxes, it just means that your employer won't withhold income tax from your paycheck, so you'll have to pay it all at the end of the year if you make enough to owe any. You are only allowed to file "exempt" if you do not expect to have any tax liability for the year, and didn't have any the previous year - if you file "exempt" falsely, you can be fined in addition to owing the taxes. |
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Jason L
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You must pay taxes on any income earned, however, depending on your situation, if you are single you get a $5,150 standard deduction and a $3,300 personal exemption if you are not claimed as a dependent. So technically, your first $8,450 of income is tax free and then 10% for ever dollar after that until you get to the next tax bracket.
No dismal. Even if you're dead, you still owe a tax return. |
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SCH
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If your parents claim you on their taxes and you have a part time job you should be claiming S-0 on your W4 to avoid owing the government money. The parents get the tax deduction from having a child, not the child him/her self.
Even if you make $1 you owe the government taxes on that money...the IRS says that if you make between $0 and $7825 in 2007 you owe 10% of that income in taxes.
It is a myth that if you make less than X dollars you do not have to file and you do not owe money. I really don't know where that myth comes from...but I think those incharge of having our youth fill out W4's needs to do a better job of explaining them because I really think that is where a lot of these problems come from. |
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