 If I worked as an independent contractor last year...? |
| and only made around 3,000 dollars, but didn't file, is the IRS going to come for me? I was a restaurant delivery driver and didn't want to go through the hassle of adding up all the miles ... |
|
 We have small business, how can we reduce our tax? |
| We have very little expenses, use our personal for the business. We like to buy a business car, any pros & cons? Also we pay tax approx £11k each year. We are wondering if can save this money in ... |
|
 Home inheritance? |
| how do you protect the inheritance of your home to your children if when you get older and may need to go in to a care ... |
|
 What is my filing status? |
| I was married in Sept and filed for divorce in Nov. I left his house in Oct, we lived together since Feb. I have custody of our daughter. I wanted to know if I could file Head of Household. I do ... |
|
 Can I claim my child on income taxes even though I do not have custody of her? |
| My child was born on August 18th, 2006. On October 17th, 2006 Child services placed her in protective custody of a family member. I have been ordered to pay child support, begining the first of ... |
|
 Will I get tax money back or owe? Made =$21474. Fed. Inc. Withheld =$1477. SS Tax=$1331. Medicare= $311.? |
| I can't figure out how to claim myself as a dependent on turbo tax it asks for a name other than mine but i and only i support myself. T... |
|
 What does VAT registered mean? |
Additional Details
I know what V.A.T stands for but what does VAT Registered mean?... |
|
 If a person doesn't file taxes, but doesn't owe the IRS additional money, what are the chances of a problem? |
| Yes, she is required to file based on IRS requirements, but if she doesn't owe money will they really come after her?... |
|
 Will we be able able to claim my kids? |
My fiance claimed my 2 kids and me on the 2005 income tax return
and IRS audited him and we did not have enough evidence that shows he
lives with me and maintains my kids finacially well ... |
|
 Are there any ways that I can claim back some IHT tax which I have had to pay on my late Fathers estate? |
| I have had to pay out quite a few thousand pounds on his estate and think it is so unfair paying this money back to the G... |
|
 Why is it so hard on small businesses? |
| My husband and I own a residential/small commercial electrical company. We have 10 employees and 5 trucks. Besides having the cost of insurance on the vehicles, we have to pay workman's comp, ... |
|
 Why don't I have my tax rebate? |
| The news articles have been saying the people with low social security #s will get theirs first (the last 2 digits) my husbands is 00, you can't get any lower, and he was the main filer on our ... |
|
 Question about tax deductions, Can you? |
| A friend of mine told me that you can catalog donated items; such as men's shirts, woman's pants, per pair, etc. and get a certain amount back. I plan on going through them and write it all ... |
|
|  |
thad2829 | My employer hasn't taken out any state and federal taxes, what do I do? |
By the time the year ends, my income will be about $10,000. Does anyone know what form(s) I need to file and what how do I find out the percentage that I need to pay?
Additional Details
I started out as a volunteer and then i was hired full time. From the beginning, federal and state tax haven't been withheld. |
 |
 
wartz
 |
You sound like an misclassified independent contractor who doesn't know what is going on. I have a canned explanation to apparently clueless independent contractors:
Some employers try to get around paying employment taxes (social security and unemployment) and other employee benefits like workers compensation insurance by improperly classifying employees as independent contractors. The basic issue is the amount of control the employer has over the worker. If you are required to show up for work--personally--at a particular time, punch the clock, use the employers equipment and are paid an hourly rate, you are an employee. If you didn't understand the difference when you posed your question, I would be even more convinced that you are an employee. What is your preference, Slotted or Phillips? Complete an IRS Form SS-8 to get an official ruling on your status. This will help you get unemployment if you get fired. When you file your income tax return, you can attach Form 8919 Uncollected Social Security and Medicare Tax on Wages and only pay the employer's half of social security. You will still have to cough up all the income tax. IRS and the states are stepping up enforcement in the abuse area. |
|
Judy1
 |
Are they taking out for social security and medicare? If they aren't taking ANYTHING out it sounds like they are treating you as an independent contractor, not an employee. This might or might not be legal for them to do, depending on what your job is. My answer below assumes you are being treated as an employee, and they are taking out for social security, just not for income tax - if not, things get more complicated.
If you don't have any dependents, for federal you can probably file a form 1040EZ - if you do, you probably need form 1040A instead. You can download these forms and instructions at irs.gov. You'll show your income and calculate your tax, then calculate your tax. If you are single and a dependent, like still living at home and under age 19 or under 24 and a student, you'll probably owe around $465. If you are single but not a dependent, then you'd owe around $125.
State requirements depend on where you live. Your state website probably has the info you need. |
|
Wonder
|
Here's the 2007 1040 instructions. Go to page 64 and check out the table.
http://www.irs.gov/pub/irs-pdf/i1040gi.pdf
-MM |
|
aaronryoung
 |
if your employer hasn't taken out any taxes there is an additional form you will need to will out along with the 1040. i don't remember what it is, but when you pick up your work sheets you'll see it sitting there. also, if you made $10K, you probably won't pay any taxes. you will still need to file the paperwork though. |
|
ear person
|
what you do is end up paying a wad at end of year! by law he must pay - see atax guy - youknow hand r block or one of those |
|
117wstwd
|
You just file a 1040 like usual. The W-2 your employer gives you will be used to figure out how much you owe. |
|
v b
 |
You really need to go see your employer and update your W-4. Apparently you put "exempt" on it even though you weren't.
While you cannot fix your 2007 problem (there aren't enough pay periods left for you to put all of your income into paying taxes), you could at least prevent this from being a problem in 2008.
There is no special form, though you might owe an estimated tax penalty.
These statements assume you are being paid on a W-2. |
|
RT(R)
|
just fill out the forms as usual, it'll tell you what you owe |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 23 minutes(s) ago
| | | |
8 | 39 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
8 | 1 month(s) ago
| | | |
8 | 4 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
