 Tax credits? |
just wondering if anyone else is in a similar situation as me and how much tax credits you receive?
my partner works 39 hours a week 5.72 an hour, i'm working 8 hours a day as a dinner lady ... |
|
 Would my current company find out about 2nd job from tax return? |
I work full-time right now but thinking about getting a secound job just for extra money.
Would my current employer find out about that at the end of year from tax return? If so, is there ... |
|
 What percentage of my paycheck can I expect to be taxen out for taxes? |
| I am about to graduate college in 2 months and have a second interview for a job with the county. My starting pay (first 6 months) would be $14.66/hr. How much of that would be taken out for taxes?<... |
|
 E-File with Turbo Tax? |
| Has anyone ever used E-File with Turbo Tax? If so did it work out to your advantage? was it a good experience? How long did it take for you to get your return?... |
|
 I have a friend who has 5 kids.Every year another friend claims 2 of them??? |
| and they split the refund??? IS THIS REALLY LEGAL??? it bothers me b/c they get all kinds of gov't assistance and neither of them work and are able to. So really they don't even pay taxes-... |
|
 How much does it typically cost to get your taxes done professionally? |
| Looking to get my own personal taxes complete. What is the average cost for the job?... |
|
 Question about the stimulus check? |
| Ok, I filed head of house hold with one dependant under the age of 17. I recieved $3,452 back, am I elegible for the stimulus check, the only reason that I ask is because the last 2 digits of my ... |
|
| When does tax season start? |
| When does tax season start? And is there a way to get my W2 forms quickly?... |
|
 In the US, how old do you have to be before you're required to file a tax return? |
See question title. ^^ Also, if you narrow down to CA, that would be helpful.
Additional Details
Ok. So how much do you have to make a (year?) before you have to file one?... |
|
 Is there a way to opt out of paying social security taxes? |
| Due to the amount of Federal CSRS retirement income that I will receive and the 3 for 2 offset that will be assessed against social security benefits that I may be eligible for, I will never receive ... |
|
 Does he have to pay emergency tax? |
The firm my husband worked for went bump with no warning so he has no P45. He now has another job is there any way of avoiding having to have an emergency tax code?
Additional Details
We ... |
|
 Why do we pay taxes if there is no law that requires us and the supreme court agreed? |
There is no mandated law that requires taxation? The supreme court agreed in 1898 and 1913...Further, the only writing about it says that it is "voluntary cooperation". So why do we pay?
... |
|
 Is it better to claim single or married on your taxes? |
| I was wondering if you get more money back ... I have heard you get more money single and I have also heard you get more money married. Which is more true?... |
|
 Would they really pay me £3.40 an hour? |
Hi, im leaving school within the next month, (returning next year) and noticed that the Minimum wage for Under 18 in Uk is £3.40, and the Minimum wage is £5.52(over 22)
Do employers ... |
|
 Does my FICA contributions MY retirement money? Or for current old people? |
My employer takes alot of money out of my paycheck for FICA!
What happens to that money when I reach the retirement age? Can I get it ALL back at age 68? Or do I have to qualify for my ... |
|
 What do i need to do to pay off taxes and my job don't automatically deduct them? |
| i just got a new job, different from my last one, and my checks are gona be the gross what i make. What do i need to do in order to not get my crap repossessed in th future? I know i gotta save and ... |
|
 Regarding income taxes , my 23 year old son has lived all year at home with us , his parents. When I get? |
| ready to file my taxes will I still be eligible to use him as a deduction even though he will have to file ?... |
|
|  |
Harry T | Is redeeming bottle deposits of $2,000 at one time considered income? Will I have to file as income? |
I have over $2,000 worth of empty cans I plan to redeem for 10 cent deposit in MI. Once I turn them into the distribution center, will I be forced to fill out a tax form and claim this as income? |
 |
 
ninasgramma
 |
Are these your own personal use empties or did you collect them for recycling?
If they are your own, you owe no tax and the deposit is a return of part of your purchase price.
If you collected them for recycling, you are a self-employed recycler and will need to account for the income of $2,000 using Schedule C. You can subtract the costs of collecting and submitting these recyclables for income.
The IRS has a lot of data on this and recognizes that there is a lot of tax evasion in the recycling industry both from the recyclers and the centers. The recycling center may give you a 1099 and report your payment to the IRS. |
|
mechashinsen69
|
No because you are getting the money back you paid as deposit on these bottles when you paid for them. You aren't getting any money extra from what you already paid. It's done as an incentive so that you return your bottles for recycling. You have already paid what you are getting back. |
|
Serge M
|
If you paid the deposit when you bought the full bottles, there is no income; you are simply getting your deposit back. If you collected the bottles and did not pay the deposit, you worked to earn the deposit and therefore will have income. Whether it is taxable depends on your other sources and amounts of income.
You may be asked to fill out a form, but no one can force you to fill out a tax return. If the law requires the distribution center to pay some of the money to the IRS, you can claim it as tax paid on your next income tax return. |
|
david_bowman_sc
 |
I don't know about filling out the form in Michigan, but the IRS will sure as heck consider it income. If you find a lost quarter in the street, under their rules, you're supposed to DECLARE that as income.
If you do have to declare it in Michigan, consider what you do to be a business and see about filing a Schedule C with your federal income taxes. Then you can write off the car that you leased to go out and collect the cans, the truck that you used to haul them to the distribution center, rent on the place you stored them before taking them to the center, etc. Before you know it, you'll have lost money on the business. .... Poor you, all that work and nothing to show for it. BUT that's business... |
|
Jonathan
|
I truly doubt the recycling company will send you a 1099-MISC for the exchange. If they have not, I would not report the income being that the income was not from a hobby or business. Now if you plan to do this on a regular basis, other tax treatment can and probably will apply. |
|
trick
 |
I doubt it, but I am not really sure. Probably not though... |
|
rockyfella25
 |
turn them in little at a time..I know you dont have too claim it due you dont get a w2 form..but that amount not sure with the redemption place..As long as you dont give out your social security number your fine |
|
ChicagoMan
|
Yes, Gross income all income unless specifically excluded. Now there might be some adjustment or deduction for recycling out there, but I've never heard of it. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 7 minutes(s) ago
| | | |
8 | 38 minutes(s) ago
| | | |
8 | 58 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
