 I owe a lot of $$ to IRS for taxes of 07 and I dont have the money to pay em.? |
| And I already have a payment plan with them for taxes from 06. Therefore, I cant set up another payment plan. Thing is I will have the money from a business deal that can take care of all the 07 ... |
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 The IRS is spending $42 Million to tell people they might get a rebate....? |
The IRS says it doing so to inform people that they must file a tax return in order to be eligible for a rebate.
Is this expenditure reasonable since the press and news media have been saying ... |
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 NOW, are you ready to support Steve Forbes "flat tax" proposal? |
| I'm going on 3 days now trying to preapre my tax returns.... enough is enough.... |
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 Will I be getting the $600 tax refund? |
| I did not work at all in 2006, and I started my new job in October 2007, so I filed my taxes for the income I made from October till the end of December. I made about $10K. So will I be getting that $... |
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 Am I eligible for the $600 refund? |
| Hello. I am 19 years old, my parents claim me as dependent and I made about $8,000 in 2007. Am I eligible?... |
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 Unemployed son over 24 years of age, can be claimed dependent or not? |
| I have a son who became 24 in march of 2007. He was full time college student the whole year. He has $0 income in 2007. Therefore completely supported by me and my wife. Can I claim him as our ... |
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 Can you sell a house & keep the $ gained from sale or will IRS take it even if there isn't a lien or levy? |
| If you owe the IRS money and there isn't a lien or levy put against assets yet, can you walk away from the sale with the $ gained or will the IRS automatically take it?... |
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 My tax code is 479 L W1 what does the W1 part mean? |
| I earn a similar amount to my friends in the same industry but no one has this suffix?... |
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 Whats the longest one can go without filing taxes? |
| I cant make this years deadline because my W2 went to my old address in NYC and the person who has it hasnt sent it to me and I dont think she will anytime soon. Is this gonna be a problem? What can I... |
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 Before my mother entered a nursing home she signed a deed transferring title to her personal residence to me? |
| before my mother entered a nursing home she signed a deed transferring title to her personal residence to me her only child, i have never filed the deed with the county clerk's office and ... |
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 I am 19, live at home , work part time and go to college.? |
| I filed a tax return to receive the federal tax that was with held from my wages last year. However, my mother carried me on her return as her dependent. Will I get money from the stimulus package ... |
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 Bought tax cd in 05? |
| can I use TaxCut CD that I bought in 05 and never used and use to file for 06?... |
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 Does anyone know how I will get my stimulus payment? |
My dd refund came into my checking account from TAX FIN SERVICES DEPOSIT, not HR Block or US Treasury...so does that mean my stimulus will come from the IRS as dd or a check?
Additional Details<... |
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 Can my sister in law claim me on her taxes? |
| Ok I am married...Im am also 18 about to be 19...I lived with my sister in law and she supported me for 10 months.I was married 5 of those months yet she still supported me and my husband hasnt ... |
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 I just turned 18 and i still live with my mom when she files her taxes she is gonna claim me ? |
| now does this mean that i cant file my taxes at all or does it mean i can file them but not claim ... |
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don p | My job does not withhold taxes I am married with two kids under the age of 10 making 600. a week what % should |
I need too know what % per week I should be puting aside to pay both my federal and massachusetts state tax. |
 |
 
BHWMST
 |
How does your job not withhold taxes? Are they paying you cash and not reporting it? I would think the company you work for could get in trouble for not withholding on your pay.
As to answer your question, there are too many unkown questions in order to provide an accurate answer. |
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KA
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how many exemptions do you claim? what's your husband make? Is that net or gross? Do you file as a married couple. Lots of unanswered ? here, we need details |
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ianrothman
 |
The IRS' withholding calculator (http://www.irs.gov/individuals/article/0,,id=96196,00.html) does a good job at helping you figure out how much federal tax to have withheld from your paycheck.
Massachusetts' Department of Revenue may have a similar withholding calculator on their web site, but I sure couldn't find it. (https://wfb.dor.state.ma.us/webfile/wsi/) |
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ninasgramma
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Do you receive a paycheck that withholds Social Security and Medicare?
If you do, and this is the total of the family income, then you are OK with zero federal withholding. This is because an income of $30,000 with a MFJ return and two children will get a sizeable refund due to the Child Tax Credit and Earned Income Credit, even with zero income tax paid.
The State of Massachusetts also has an Earned Income Credit which should result in your owing little or no state taxes as well.
If you do NOT receive a paycheck that withholds SS and Medicare, but work for cash, you situation is not nearly as beneficial. It is not possible for me to say how much you will owe, but any Earned Income Credit you may get will be largely wiped out by the addition payroll taxes you will have to pay. |
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Sandie B
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Call the IRS for the Federal and the Social Security. The SS will get you because most people do not realize that an employer pays a big chunk of it. The County offices should have the state and if not, will be able to head you in the right direction.
The Federal, state and the SS tax will average approx. 35% of your income weekly. ($180. or more) |
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Judy1
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Not enough info to answer your question. You aren't likely to owe any federal income tax, and are probably eligible for an earned income credit of at least $1500 and maybe more. Since you don't give any clue as to what type of work you do, or how many business expenses you have in earning that money, it's not possible to say what you'll owe for federal self-employment tax or for Mass. state income tax. You'll owe a little over 20% of your net (what you are paid, minus associated deductible business expenses) for self-employment tax plus state income tax. If you don't have many business expenses, then put aside a little over 20% of your income for taxes and you should be OK. You should be filing quarterly estimated tax payments though, to the IRS and most likely to Massachusetts. |
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what
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Yes to all the answers you have already gotten. If you are not having at least 10% or more take out and sent to the IRS, you may have a bad surprise coming at tax filing. |
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reeya s
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check this link its good
http://workathomedataentryworkss.blogspot.com
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