 How soon does your information about your rebate show on "Where's my stimulus"? |
| My last two digits are "26" , and since the IRS seems to be a week ahead with payments, I thought my information would show up this week.... |
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 What would happen if there was no income tax in the U.S.? |
| Where do the proceeds go after you pay your income taxes? I heard U.S. Debt and nothing goes into what we see everyday such as schools, roads and the such.... |
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 Tax Advice? |
I saved $30,000 this year after taxes. I paid $10,000 in taxes. I need to get rid of the $30,000 in my bank account before Dec 31st so I can get most of the $10,000 back when I get my refund.
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| Help with my p45??? |
| I am a hairdresser and I did my placement at my 1st salon then left after being there for over 3years and worked in another salon I gave them my p45 and the salon owner said that they had sent it off ... |
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 Do i have to pay any tax on my shares? |
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| Last year I claimed my wife on our taxes, she didnt work and I had a salary of about $21,000. I received about $1200 on my refund. This year I am at around $24,000 for the year with my wife as a ... |
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| I had two separate jobs for 2007. One the first 6 months, then the second the last 6 months. I did a "dummy" return online, just plugging in numbers to see how it would turn out when I do ... |
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| I live in Massachusetts and I was wondering how much money I can make on the side without having to claim it on my taxes?... |
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 If my boyfriend pays child support for his son, can he still claim him as a dependent for the taxes? |
| my boyfriend has a son whom he pays child support for. his son currently resides with his mom (the kids mom). can my boyfriend still claim him as a dependant?... |
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 NI and tax?? |
| At my part time job we are currently in the process of employing a new accountant.. In the meantime each of us are putting our contributions aside so as we dont owe any come the end of the tax year.. ... |
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| i live with my parents at there home and am 25 years old. they recently told me that I would have to to chip in monthly expenses. My friends pay up to $250 a month but they expect $500 from me. Is ... |
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 When can I claim a tax rebate? |
| I started a new job in August and have been paying too much tax - when can I claim it back?... |
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 Should i file taxes this year if i only made $4000? |
| i am single and live in CA...or can i wait until next year to file for 07 and 08?... |
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 I just got a $5000 bonus, but only got about $2700 after Taxes; are we paying too much in taxes? |
Additional Details
Thanks everyone for educating me on the fact that bonuses are taxed at a higher rate. I didn't know that. :)... |
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MedeivelReign | Just married this year~ file taxes jointly or seperately? |
Hi, my husband and I just got married this year- I worked full time from Jan. through June, and will be a student for the rest of the year. I have also just taken out a student loan for this fall. My husband will have worked under the table the entire year- so his income is untaxed. There is no record. Technically he does not work. (Oh and he is not a student either.) We have lived together the entire year- how does the dependent thing work? And would it be better for us to file jointly or seperately this coming Jan.? |
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Houyhnhnm
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Bad move to marry a blatant tax evader. That made it more likely that he'll be caught, and now your assets are fair game for the IRS when they go after back taxes and penalties. Whether to file jointly or not is a small issue compared to the issue of criminality. I'd suggest you see a lawyer who deals with tax issues and decide how to handle this.
You cannot claim a spouse as a dependent. There are various rules for claiming other people you support as dependents (children, parents, siblings, friends, etc.) but there is no way to claim a spouse as a dependent. However, each spouse gets one automatic personal exemption, which is just as good.
It is extremely rare that filing separately leads to lower taxes than filing jointly. |
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SDD
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First of all, stop deluding yourself. Your husband's income IS subject to tax. He's just planning to be a tax evader. And if you plan to sign a joint return, you're going to be an accessory as well. You might want to rethink that. |
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m_knobel
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The easist answer that requires the most work is to do both and see which one is best. The problem with married couples is that when both incomes that are taxed at a lower percentage when combined placed the total income into another higher tax bracket. This causes more taxes to be owed, even if both people would have gotten refunds if they were single. |
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Judy1
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You could figure it both ways, and file the way that's best for you.
You realize, of course, that he is committing tax evasion if he doesn't report his under the table income and pay taxes on it. If and when he gets caught, he will be in serious trouble and owe a ton of money - and don't think he can't get caught, he can and very possibly will. If you file a joint return with him, you'd be equally liable for what he'd owe.
How does the dependent thing work? Since you are married, you don't claim the other one as a dependent. If you filed a joint return, you'd get an exemption for each of you. |
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Theresa
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Since you got married this year you have two filing options, married filing joint and married filing separately. You can not each file as single anymore. In most cases married filing joint provides the lowest tax due.
Also the "under the table" income by law is taxable and should be reported to the IRS and is taxable.
Dependency only applies if you have children or parent whom lives with you and you provide over 50% of their support.
Your parents can no longer claim you or your spouse b/c you are married.
My advice is see an accoutant, the tax code is quite complex |
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sgtvjd
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file jointly you still get a bigger refund as apposed to seperately |
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Mopar Muscle Gal
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neither one of you is a kid for the other( so dependent will Not work)
ask your tax person to calculate married joint and married separate to see what works best for the 2 of you |
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Bingo
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married filing joint, you'll get better tax breaks,
unless you have kids there are no dependents
and never never never put in type or tell anyone especially strangers that anyone is working under the table, not cool. |
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SCH
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Jointly...it is like when you have a kid on Dec 31st...you still get the tax deduction of having the child even though they were only alive for a few hours of the year! You will get a bigger refund if you file married. |
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PepsiLime
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You would file as married filing jointly. You cannot claim your husband as a dependent. Just hope that your husband doesn't get caught by the irs at not declaring his income, you won't be able to get away with claiming innocent spouse since you know what he's doing. |
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Henry5656
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Rest assured! Don't believe these post labeling you a tax evader. The person posting is probably working for the IRS and your taking away food from their already copious table, as well as preaching hypocrisy. Its difficult for a small fish like yourself to get audited. Just watch your spending and bank deposits. There are millions of people that work under the table, do you think the IRS audits every single one of those individuals? Be mindful of who your asking for advice. They are not always looking out for your best interest. As ford advice regrading your question, use a program like turbotax. The program will allow you to add and calculate different scenarios. Create one with single status. Save it. Then create one with married status. Save it. So forth and so on until you are content with your refund.
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