 I work for free at my parent's cafe, and I make tips, do I need to file for taxes? |
| I am a full time student during the school year so I only work during the summer, and I make less than 2,000 in tips. I do not get paid in wages from my parents (my choice). Do I still need to file?<... |
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 I've hired a company to maintain the landscaping in my yard. Is this work tax deductible? |
Additional Details
Though I work full-time (from home), I also freelance and teach a few classes a year at a university......I do expense portions of my rent and utilities for my '... |
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 My rebate was supposed to come yesterday Direct deposit...it's not there...any ideas? |
| The irs page i went to to see how much my rebate would be and when it would come told me it would have been direct deposited into my account yesterday. It is not there yet, any ideas as to why? And ... |
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 If a stripper gets breast implants can she write it off on her taxes as a business expense? |
If a stripper gets breast implants can she write it off on her taxes as a business expense?
Additional Details
Thank i love u too!... |
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 Is every married couple getting $1200 @ least on the rebate? |
| Or do some get less. My husband and I can't seem to figure it out, we have done the calculator and everything but everytime we do it, we get a different answer...some please help!!! I'm so ... |
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 TaXES???!!? |
| Ok I have a 5 month old baby but i didn't work last year I worked in '06 but never claimed my taxes and now i want to claim them but there is a problem because my mama wants to claim my ... |
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 Pensions for forieners in england? |
| i am a polish woman living and working legally in the uk, i would like to know how long do i have to work for, to be able to claim for pension in uk. how many years does anyone know. any answer ... |
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 Should I use H&R Block or an independant tax professional? |
| I'm a full time graduate student and an independant contractor so I'll be getting a 1099 at the end of the year. I want to pay my estimated quarterly tax at the September deadline. Would ... |
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 Can two people at same address claim head of household? |
| me and my exhusbund dont live together and i use his address when i filed taxes. can he file taxes as well under head of house? with same address?... |
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 Regarding the Stimulus Rebate Check, when will the paper checks be sent out? |
| The last 2 digits of SSN are 11. According the IRS.gov website, it should be mailed out next week. However, when i go to the "Where's my Stimulus Check" section, it cant find my ... |
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 How does one avoid taxes on large amounts of money? |
all 100% of it. On earned income, not gift or inheritance
...Via Mutual funds?
...Bonds?
...Real Estate?
...Foreign Bank accounts?
...Expatriate to another nation
IRS ... |
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 IS IT TRUE, NO INCOME TAXES RETURNS FOR 2009? |
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 Should there be some kind of tax penalty for US companies that outsource? |
I would be especially interested in hearing from economists if this is even feasible.
Additional Details
Probably it's not honest to say that it's OK to let the market ... |
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ohiogirl | Is there a formula to determine who claims the kid on taxes when parents are divorced? |
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I ♥ old VW's
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Usually this is gone over in your divorce decree.
Usually the custodial parent gets to claim the child. If the parents share custody, then the parents alternate claiming years. (Every other year) |
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Gerald
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Yo Ohio--- Most of the time it is named in the divorce. But the parent how has provided 50% or more support for the tax year is allowed to claim children for income tax. Usually divorcd couples work it out so the most money is returned. Who claimes the clhildrem. |
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fcas80
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We specified this in our divorce agreement. |
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bostonianinmo
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Days with Mom:
Days with Dad:
Whoever the kids stay with the most gets to claim the kids on their tax return.
If the divorce decree specifies who gets the exemption claim and IF the wording of the decree meets the exacting requirements laid out in Federal law (many don't) then you'll have to abide by the decree. If the divorce decree doesn't meet the Federal requirements the IRS is required by law to ignore the decree and award the exemption claim based on Federal law. |
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ninasgramma
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There is no formula, but there is a publication devoted to issues of divorced parents, IRS Publication 504, Divorced or Separated Individuals.
http://www.irs.gov/pub/irs-pdf/p504.pdf
First, assume there is a custodial parent who lives with the child more than six months of the year.
Without a waiver from the custodial parent, if the child meets the criteria to be a qualifying child of the custodial parent, the custodial parent claims the child.
With a waiver from the custodial parent, the noncustodial parent could claim the child only if
1. One or both parents provided over half the support for the child.
2. One or both parents lived with the child for more than half the year.
Now, assume neither parent lives with the child for more than half the year.
If neither parent is the custodial parent, then the above two conditions 1. and 2. still need to be satisfied. Then if one of the parents provided over half the the child's support, and the child earned less than $3,400 (for 2007), and the child was not a qualifying child of someone else (usually a grandparent), then that parent could claim the child as a qualifying relative.
Finally, if both parents have equal claim to the dependency exemption for a child, then the parent with the higher adjusted gross income wins the tiebreaker and may claim the child. |
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Judy1
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If there's no legal paperwork saying who gets the exemption, then it goes to the custodial parent. |
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gatorgirl
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My husband is an accountant, and we have a blended family. We both have an ex-spouse, and both have two children from our first marriages.
The kids have moved around a bit over the years, but he says that tax laws state that the child has to live with you for more than half of the year (six months and one day will do it). This is often verified by where the children are registered in school. You also have to be able to prove that you provided more than 50% of the financial cost to raise them, although the place of residence carries the most weight, since the support can be harder to prove.
From my personal experience, it is better to work it out with the ex whenever possible. Usually, the first to file and claim the child will get the credit initially, and if that person does not have the right to do so, you will be looking at a lengthy review process. It may not get straightened out until the following tax year.
Good Luck! |
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ceprn
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Usually it's in the court decree; if not, it's the parent with custody. |
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FireWater
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I'm not 100% sure, but I thought that this issue was usually decided in the divorce decree. |
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Lee T
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it should be the parent who pays support, since they are paying taxes on the money, and then paying it to the custodial parent tax free!! My divorce decree gave all exemptions this way. This was years ago, but something could be worked out where one parent buys them from the other based on who gets the biggest credit, I.E. higher tax bracket. |
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