 Do Rich People Pay Taxes,Too? |
| Or They Get Help From Loopholes? What Are Alternative Minimum Taxes?... |
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 Who here agrees with this new proposal for pay-as-you-trash? |
Its not as if we pay enough for council services with the council tax. why should we pay them extra for taking our rubbish away as well.
Its just another excuse for the greedy councils.... |
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 Do I have to have any dependants to file head of household? |
| I read up on it and it keeps refering to qualifying persons. I live alone and pay for everything. Does anyone know if i qualify.... |
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 Will I get a goverment rebate check if i havent filed taxes in a couple of years? |
| i havent worked for a couple of years due to injury and havent filed taxes, will i still be getting a rebate check?... |
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 Can you file your federal tax return before your state return? |
| I live in California and I always do my taxes online. The website says that I can start doing my federal taxes but the program for the California state taxes isn't up and running yet.... |
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 Who says I have to pay taxes ? |
| I would like to know what " Statute" ( What law ) specifically requires that I pay taxes to the " IRS " -... |
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 Married in May- How to file taxes? |
| We were married in May, so I know that we have to file as married. He never changed his W-4 form to reflect married, is that okay? Also i have had 2 jobs this past year- one with my maiden name, ... |
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 Should i phone them? |
help plz ?? we have been financially skint as my partners been out of a job and my wages went on rent, bills, shopping and everything.
we didnt pay council tax.... they wrote letters, i ... |
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 Haven't filed tax returns for 7 yrs. Can I deal with the IRS by myself? |
Now I'm getting letters from the IRS for the years I haven't filed. I made very little money the first 5 yrs. but made lots (1099) the last two.
I don't have any saved as I ... |
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 My grandfather wants to give me $100,000 to put down on a house, what type of tax will we be subject to? |
| I'm gettting married and for a wedding present my Grandfather would like to give me a large down payment for a house. How does it work in regards to being taxed?... |
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 Is a wedding tax deductable? |
| im curious. not married, just heard a man did it. why?... |
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 How does the higher tax bracket work? |
| One of the Lads at work thinks the higher tax band starts after £30,500 I thought it was more myself, but if this is true if I carry on working like I am, I could easily hit that and more. So how ... |
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 If I buy a used car from a private seller, do I have to pay sales tax? |
| sales tax (or any other tax) to the city, county or to the seller?... |
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 Was I tricked by the IRS and what can I do about? |
| In 2004 I filed my return but forgot to file for an annuity payment that I had received, The IRS contacted me an I was told that I would have to start a payment plan and I did that. Then in 2005, I ... |
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 The IRS - Who says they can collect taxes ? |
I have read many answers BUT nobody has yet told me WHEN CONGRESS stipulated the IRS were to collect taxes from me.
Sorry folks, but the IRS IS an independent corporation /
The lawto ... |
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 EMERGENCY help!!!!? |
| (-10*15)^ *7+4(-14-3)^-14... |
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Chris K | Is money gifted to my children taxable under the kiddie tax law? |
My mother gave each of my children $10000. Does the kiddie tax law affect this? |
 |
 
SID~U.S.M.C.
|
Not taxable but tax Dedecutable as a gift > |
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Wayne Z
 |
Gifts are not income.
So, No, they are not subject to the Kiddie Tax or any other Income Tax on this money.
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Jss
 |
Yes, you mother can gift $10,000 to each of the children without any gift tax implication. Read a bout the gift tax http://taxipay.blogspot.com/2008/03/us-gift-tax.html |
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Charles G
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Just say thank you.
If it is a gift, the receiver doesn't pay a tax. Because it is less than 12,000, your mother doesn't need to file a gift tax return.
Kiddie tax refers to earned or investment income a child makes, that can be taxed at the higher adult rate. |
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chatsplas
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No income tax liability created.
Gift tax may apply, but amount limited to $10,000 OK> Put this in bonds or something to create college fund, wedding fund, something for their future. |
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ap
 |
The kiddie tax law does not apply to your case because the transaction was between your mom and her grandkids. Anyhow, not only your mother should not be taxed on the gift because it doesn't exceed $12K, but she can also claim it as an exclusion...hope this helps:) |
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Bob F
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No, the recipients never pay tax on a gift. But now that your kids are wealthy, they may be required to pay income tax regardless of their age, if they make enough interest or dividends on that $10K. |
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rtfm
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Gifts are never taxable to the recipient. Your mother would have had to pay a gift tax on any amount over $12,000 that she gave to the children. Since she didn't give that much, she doesn't owe any tax either.
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☼ Stranger in California ☼
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10000?! are you serious??? |
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Spider Girl
 |
omg! kinda no, it doesn't affect this {if its for a reason}. If its not a for a good reason, then maybe yes. |
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