 Can someone claim you on the tax return as their dependent without your permission? |
My husband recieved this letter yesterday
We're sending you this letter because you need to make sute you are not someone's dependent.
We're asking you to do so ... |
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 Has anyone received their direct deposit for the Tax Stimulus Rebate yet today like Bush said we would be? |
| My social # falls in the first category. I would think it would have been deposited first thing in the morning. Anyone have any idea?... |
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 How much money do you have to make in a year to need to file something with the IRS? |
| I've made all my money via independent contracting and AdSense on my web sites, so it's all self-employed. I don't think I've made enough to need to file something, but I figure ... |
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 I'm a little confused with my paycheck..it was $277.87 and I worked at least 60 hours being paid $7.147 per hr |
Is that correct?
Additional Details
-3 weeks of work
-single
I know I should have gotten paid last week, but when I started working I was working the week after people ... |
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 Minor Federal Tax? |
I'm a minor and work as the front desk manager at a doctors office and make about 500 bucks a week.
I'm on an automatic payroll service and they deduct federal taxes from my ... |
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 How can I get a refund on taxes I overpaid? |
| I received a letter from a CPA saying I overpaid $500 in taxes last year and that they can get it back for me. However, they will be charging half of the refund amount. I am wondering if I can do ... |
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| Council Tax Question? |
| If you are in Band A How Much Tax do you pay. And what is it over the ten months? Thank You.... |
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 Doing my son's Taxes? |
| Here's the situation, my son is 7 he got the Alaska Permanent Dividend Fund that is his only income for 2007. I need to fill out the 1040EZ but he is a child and they ask about whether your ... |
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 Hi there i am planning on starting my own business up? |
| hi there i am planning on start my own business up i dont know if i want to start my own up or buy a business to start with were th best place to look for this uk only ... |
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 What can we do to decrease the income tax? |
| Congress is talking about passing an increase in the federal income tax, but I think they have enough money already. How can we stop this?... |
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 My dad wants me to give him my tax refund check and he'd give me cash for it. does this make sense? |
how would someone benifit from that? i'm getting exactly what the check is for, so i dont care. but what benefit does he get from me doing this?
Additional Details
i do have an ... |
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 If I were to take out $3000 from my 401k, how much would I get back after taxes/irs penalty? |
| I'm 26 years old and have about $16,000 in my 401k. If I were to withdraw $3000 (not as a loan) to pay for a European vacation, about how much would I get after govt taxes IRS early withdrawl ... |
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 Why can't we make personal property tax illegal? |
| Shouldn't we be able to just buy a home or car without being taxed just for having it? It seems really messed up. I know the state needs money, but thats what sales and income tax are for. So ... |
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 How come they don't take my ex's refund or stimulus check when he is ordered to pay child support and he has |
| $5000 in back due child support? I know alot of people have asked this question and are answered with yes they do take the refund and stimulus check if there is back due c.s. But they have never ... |
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 Does anyone know if you can file a BK chapter 7 on back taxes? |
| My husband owes back Taxes from before we were Married, in the sum of $ 30,000. We are having trouble getting on top of this debt, someone told me we could file Chapter 7 on this , if not has anyone ... |
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 Cain I claim family on tax returns? |
| My sister and her two children have lived with me the entire year of 2008. She is not working, but gets some assistance from the state and student loans to go to college full time. Both children ... |
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 If I make a donation to a charity before April 15th can I use that against last years income taxes? |
| We are donating a used car to a charitable organization. If it is done before April 15th filing deadline can I use it against 2006 Tax year's income?... |
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FreakyGeeky | Is this tax fraud - revised? |
I want to be considered as a co-owner with my bf's business. We have not filed any 1099's but will suffer penalties if we must. I want to claim that I paid myself a salary of 27k which is just enough to cover my mortgage and car note. I am doing this so that I can claim the interest paid on my mortgage (in my name only) as well as a few other deductions such as medical. I also want to receive the stimulus rebate for me and my daughter. Is this tax fraud? What are potential problems? I DO in fact work with my husband on the business. We both make business decisions. We just never really formally "paid" me for my work.
Additional Details
Sorry. We are engaged and have been engaged for a year. And dating for 6. So I just started calling him hubby. for tax purposes, he is my bf.
Why is everyone saying I didn't work? I DID work, I still DO work for the business. We are just trying to figure out the technicalities of the IRS. In fact, this business was started 3 years ago with a large chunk of my money as well. It just gets complicated because we never defined my position. I guess I am answering my own question. I know I worked for the business, so I guess I know it's not fraud. But how do I prove that to the IRS? All my work is for nothing because we never filed a 1099? We can't be the only business in the world that forgot to issue a 1099. What is it? Like a $50 fine? |
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nivea41176
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No it's not fraud if you actually worked for the company. You don't NEED a 1099, you would just claim the income as self employment income. You will have to pay self employment taxes, about 15% but if you are willing to do that than I don't see a problem. I'm sure you have SOME sort of paper trail with the company if you ever HAD to prove that you participated in the business and your bf would want to claim that he paid you on his taxes as well. |
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rowlfe
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Either you are formally employed, or you are not. Apparently, you were not formally employed. Your problem is in who pays social security taxes and such for the income you wish to claim. Since you were not formally employed, no employee taxes were withheld and turned over to social security. Which means, you are effectively self-employed, and as such are liable for social security tax on the income. Are you sure you want this kind of headache? If you claim to be employed, then you need documentation from your employer regarding taxes withheld. If no social security was withheld, i.e., self-employed working as a contractor for example, then you have to pay these taxes out of your pocket Either way, IRS will come looking for the social security taxes and such, from you if self-employed or from whoever you claim is your employer. You should have formalized the business relationship. Being in business, you should have known about the various employee taxes like social security that are withheld and turned over to social security when the business files its tax statements. Businesses with employees are ALL required to file tax returns specifically for the various taxes collected by the fed for social security and the state for unemployment, which is why when I ran a computer tech business, I never had any employees, just independent contractors, so it was up to the contractors to take care of social security and such as being self-employed. I did not want the headache from keeping track of the employee taxes. This is probably of little help to you. I just want you to be aware that you might be opening a can or worms. Time to consult with a tax professional. |
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musicjazzman
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Any lie at all constitutes fraud. |
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Smilin'Bob_ The Enzyte Guy
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Yep, its fraud all right....
you need to be paid and show 1099's for it in the future... |
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Mark S
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Definitely fraud. One of the ways the IRS can find income is to examine your bank records. Usually this is to find income that was not reported, but I think it would be just as easy to not find income that is expected to be there. |
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Dave T
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Business income and expenses are reported on Schedule C and the net income goes on your return, Form 1040. If you report income that you have not earned then you are filing a false return. The IRS could put you in jail for filing a false return but more than likely if you are audited they will just assess the fradulent return penalties which are 75% of the tax you owe. Then you will have a tax debt that includes the tax you owe plus 75% penalty and interest on both to the date the return was due.
My point here is to get help preparing a true return. |
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zornundox
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Is he your husband or is he your boyfriend? Which is it?
Anyways, did you not read the esteemed bostonianmo's comment about how much your tax bill would be if you did this? This wouldn't even stand up to scrutiny. It would be found that you and your boyfriend live together and that he's paying you such a high salary for what was described in your previous question. You're even saying that the amount is enough to cover the mortgage and car note. Bad all around. You would be opening yourself up to a not-so-nice situation if you were to go through with this. |
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rtfm
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So you're saying that you didn't actually earn any income, but you want to fill out tax returns as if you did?
Um, yeah. That's *definitely* fraud.
(And you really should make up your mind whether he's your husband or your boyfriend. That makes a big difference for tax purposes too.) |
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