 IRS rebate? |
| Does anyone know if this is a rebate OR an advanced payment. if you recall, bushes first year in office, we all got a "rebate". however, it turned out to be an ADVANCED payment based on ... |
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 If i get child support payments is that concidered income? |
| Do I put my son's child support down as income when i do my taxes?... |
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 Is over $500 taken out for taxes too much?? |
| My husband's check was $1,827.50 before taxes. He did not have any insurance or 401K taken out and his final weekly check was $1,369.00! He claimed married and 4 on his tax forms. That seems ... |
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 How would you feel about a new law that takes LESS taxes the harder you work? |
| I keep thinking about how this country needs to change, and this is one major way how. Instead of rewarding those who dont WANT to work, how about a tax reduction for those who want to work MORE. For ... |
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 I need to report my employer for calling me an independent contractor and not taking taxes out for me.? |
| When she hired me she took advantage of the fact that I knew nothing about "self employment", so when she told me that I would be working for her real estate office as an administrative ... |
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 I read that I am required to pay tax and a 10% penalty fine to the IRS for premature 401k withdrawal.? |
On what income do I have to pay tax? Only that year's (in which I withdrew) or entire period during which I kept my money in the 401 account? Also the 10% penalty is on what amount exactly?
... |
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 When do you pay taxes on stocks? |
| for example, i sell a stock and make profit on it, will the taxes bededucted right away when the profit is deposited in the account or i will have to pay taxes when i cash out the money? or if not ... |
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 Where can I cash my Income Tax Refund check? |
| I have no checking account and I need to cash my income check. Where can I do that?... |
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 If I am reimbursed for travel expenses, do I have to report that as income? |
| Mileage, hotel, meal allowance....I pay out of pocket, submit an expense report, and my boss cuts me a check. Does the IRS consider that income?... |
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 Can i claim jobseekers allowance if i resigned due to employer saying my position no longer available? |
| i went for a leave from work and when i came back my employer said my position was no longer available to me. so i resigned. i heard you have to wait 3months to apply for jobseekers allowance but ... |
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 Did not receive a stimulus notice but irs.gov says I qualify? |
| Anyone else not receive the original notice that went out? When I do the calculator on the IRS website it says I qualify, so I am wondering what does it mean if you did not receive the original ... |
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hopalong4234 | My little 16 yr old sister babysat for us this year while we worked-does she need to claim the $2500 income? |
My 16 year old sister was paid cash for babysitting for us this summer while we worked. Can I claim the $2500 we paid her as a Child Care deduction on my taxes? Also, will she have to claim the $2500 we paid her (this was her only income)? If so, I assume this is called "earned income", correct? |
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Amanda Overmeyer-Janis of today!
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WTF? She doesn't need to pay you anything. You should've thought about it before you cashed out $2500. |
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Tomk
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LEGALLY she is required to file an income tax return because she had more than $399 in self employment earnings. She will not have to pay federal income tax on the $2,500, but she WILL have to pay self-employment tax on it. That covers her social security and medicare liabilities.
So long as your sister is not your dependent, you can claim the $2,500 as a dependent care credit. You must use Form 2441, or schedule 2 of form 1040 to report her name, address, and Social Security Number. |
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Sheila
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If you are claiming the deduction you will be prioviding the irs with her income and social security number, so she in turn needs to claim it, or your parents on their return as she is their dependent. If she was a good sitter for you and because she is your sister you might consider not claiming it yourself, and then no one claims it. |
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Jesus Is LORD!!!
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check out page 8 on this site:
http://www.irs.gov/pub/irs-pdf/p503.pdf |
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walter c
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If you used her and her SS # on you IRS forms she has to
file her Income.. |
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roncj88
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if she is doing income tax yes
and if her parents are i would say no only if you are claiming |
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Leslie C
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Do not do this! She will have to PAY taxes on the money that you gave her if you do. And since I have a 16 year old sister I will asssume that the money is already spent. If you wanted to pay her with taxes then you should have taken the taxes out for her. This is what people that have nannies do. |
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♥ Cristiano R. #7
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fo sho u gave your sis 2500 |
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