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 Do you have to pay taxes if you recieved unemployment checks in/ 2006/?
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 How long does a lein last on your property?
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 Do you receive all the interest paid on a home loan back when you file your income taxes?
It's my first year owning a home, and I have heard different things.
Thanks!...


 Can someone claim a child that they have custody of but does not live with them?
My son has lived with me for the past 4 years I take care of him with the help of my boyfriend. My mother has custody of him and is trying to claim him on her taxes but has only seen him like 5 times ...


 About to start a new job - they dont want my bank details?
its a medium sized call centre, is it possible they will pay cash? if so how can i make sure they pay tax?
In future if i have another child I want to make sure i can recieve tax credits, ...


 I got my first paycheck and the company did not do any tax processing?
i have 40 hours per week , they gave me 40X(hourly rate) to my paycheck

they did not cut any state or federal tax, will this be a problem for me>???

can i pay the taxes ...


 Can I simply take 50% hubby's income as my alimony to file 2007 income tax?
Since in fact we are separated for years and will divorce in few month.
Additional Details
no lie here, we just agreed between us and not go to court yet. We have paid all tax and didn�...


 If someone is making over $250,000 a year, can they donate to charity in order to fall in a lower tax bracket?
Let's say someone makes $260,000 a year. Can they donate $10,000 to charity and deduct that in order to fall in the <250000 tax bracket?...


 Has anyone's rebate check hit their bank TONIGHT yet?
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 Help with fractions please?
40% of what = 200,000.

This is what the tax man wants in inheritance tax and I just want to know what sum would = 200,000 k at 40% ? Thanks....


 What should I do if i have no money to pay my taxes? and what are the consquences of not paying?
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 Salary pay question?
i have just left my job i was salary paid i got paid on the 28 th of every month i left on the 26 th this month wich means pay day was on sunday they docked my wages because i only worked 20 days ...


 Is there a relationship between the number or years completed in school and annual income?
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 Can I claim Child Support as earned income?
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 As a tourist in the US, is it OK to bring in US$20,000? Is there any custom tax for such amount?
Do I have to declare it to US Customs at the point of entry? If yes, will I be charged for any custom tax? Or I just simply need to declare that I have such an amount?...


 Child support and Taxes?
MY HASBAND PAYS CHILD SUPPORT AND THEY SAY WHEN YOU PAY CHILD SUPPORT IT ALSO COME OUT OF UR TAX RETURNES BUT WE HAD A KID TOGETHER AND I WAS WONDERING IF HE FILED ON OUR CHILD WOULD THE MONEY WE GET ...


 I recently got a job that pays cash and doesn't take out tax. What is the "catch" in the job. See details
I got a job as a private caregiver and it pays cash without tax. What does it imply?? I'm new in the country. 18yrs old and this is my second paying job. The first one took tax for 2 months. I ...


 Why don't I have my direct deposit tax rebate?
According to this msn link: http://articles.moneycen
All direct deposits should have been out by Friday. Mine is still not ...


 Who do i contact about my tax refund?
i had my taxes amended in May and am expecting a pretty big return. amended returns are suppose to take 8-12 weeks, and it's going on week 11. how would i find out where my return is, it seems ...


 What benefit is it to claim a dependent if you don't get anything?
i don't understand. Mom and dad has a child. Mom and dad have court order saying everyother year each one claims child. Regardless of whom the child lives with. Why does one parent not get the ...



ChrisRedfield29
Is it smart to blow all your yearly income on luxuries and rely on your income tax returns for serious stuff?
My friend decided that he would blow all of his yearly income on luxuries and what ever he wants and then use his income tax returns at the end of the year to buy his truck. I dont believe he is on solid ground with this theory. What do you think? He works a full time job making 9.25 an hour cutting grass. only claims himself as a dependent.
                     
 




ninasgramma
Well, making $9.25 an hour he doesn't have that much to blow on luxuries. Is he a young person who is being supported by a parent? Some young people feel the need to blow all their money on nonessentials. Some of them grow out of this, some don't.

I agree with the others, he isn't going to get enough of a tax return to purchase a truck. He may get a downpayment, and then he will have to discipline himself to make those payments out of his salary.

Hopefully, he will live and learn. Better to blow away a $9.25 an hour wage, and learn from his mistake, than wait 20 years and blow away much more.


yourbugsrmine
Rating
there is no possible way he will be able to buy a truck with his tax return. I made similar wages last year and my tax return was only $800. at the max he will maybe get $1,500.


Judy1
Rating
Doesn't sound very smart, but I guess he can spend his money however he wants to as long as he pays his bills.

If he has that big of a refund, he's making an interest-free loan to the government through the year. A lot of people who can't manage to save otherwise do this.


shamieya
there are a lot more things to spend money on other than luxuries and a truck. your friend doesn't sound like he has his priorities straight.


Golden_Goose
Rating
Not smart at all


stricklyai_03
Rating
Actually he should do the opposite. If he spends his income on important stuff all year long, He can splurge when he gets him income tax because he wont have any debt. I did something similar. I got laid off and took my time to find another job since im a student also. I figured I could live off of my return (It was huge!!) But I only recieved the first check because there was an error on my federal check. I started to fall deeper into a hole because I was counting my eggs b4 they hatched. That was about 3months ago and I am just now getting out of the debt fast thinking got me into,and I still havent gotten my check yet! The IRS is SLOW!!!. He should re-evaluate.


ddj123456
Rating
Not so smart!!!!!!!!!!!


CMass Stan
Rating
You mean he doesn't need to spend his income on meals, rent, utilities, etc? On $9.25/hr? That's an awful lot of ramen noodle meals there.

The only truck your friend will afford w/ his tax return is of the Matchbox variety.


bostonianinmo
Have to agree. Not smart at all.


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