 Why do so many people want to get a tax refund? |
| Isn't a refund simply a payment for an interest free loan to the government? Wouldn't it be better to simply have no refund and owe no taxes at the end of the year?... |
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 I am 27 years old and have never filed an income tax return. I want to resolve this. What do I do? |
| I want to have a tax preparer file all the back tax returns since 2000. Can H & R Block do this? Also, I think for the first 4 years I was owed a refund, but I think the last couple years I owe. D... |
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 IRS is requesting information examination on my return!? |
| I claimed to dependents one is one year old and one is six. My niece and nephew, and have contributed money throughout the year.. and they have not lived with me in my house but have supported them ... |
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 Did anyone else miss their Tax Stimulous deposit today? |
| As fare as what the IRS is saying, mine should have been direct deposited into my bank account today. However, IT WASN'T. Did this happen to anyone else? I wonder what the problem is?... |
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 Is 1040ez federal? |
| If it is then where do I get the state form? And is that all I need to file my taxes?... |
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 Child tax credits help? |
| Hi i`m just looking for some help on understanding the outcome of the online questionaire i just filled out, It says that me and my partner would be entitled to £244 from 24/3/08 until the 5/4/08 ... |
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 Girlfriend is on wic, we are together we both raise our daughter? |
| ok here my question, we have a 7 week old baby, she is on wic and medicaid. we are together and im the only one working, i have excellant insurance but niether one of them are on it yet cause we ... |
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 Coouncil tax question? |
Can uk councils withdraw council tax from a private bank account WITHOUT permission of the account holder????
This has happend to my partner and she has NOT signed ANY direct debit agreement at ... |
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 How long does it take for the tax office to sort out your details so as not to have to pay emergency tax? |
Additional Details
emergency tax is when you pay extra tax becauce the tax office has,nt processed you N I details by the time you recieve your wages. (I think, please correct me if I ... |
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 My employer has been paying us with a check and not deducting any taxes, what are the consequences ? |
Additional Details
There are 3 of us working for this guy for over a year. what happens if he gets reported ?... |
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 If i got married in August 2006 can I file jointly for the 2006 tax year.? |
Additional Details
If yes, do you file married for the whole year, or just the part we were married?... |
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 The best person to help with my taxes? |
| I havent filed for a few years and i know i owe back taxes(the job i have doesnt take taxes out)Anyway I know its wrong and all that thats why im trying to do something about it but im not sure who ... |
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 I have two part-time jobs which gross £4k pa - why do I pay tax? |
I have a main job (10 hours per week), I don't get taxed on this as It only earns me a max £2886.00 per year gross
I have a second job (7 hours per week), I get taxed 22% BR on this ... |
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 Will i get bush's tax refund or NOT?!?!? |
| I am 18 years old and my parents still claim me (up until im 19) and i made a little under 5000 in 2007. i got a notice in the mail on the bush's tax refund showing a chart to kinda help me ... |
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 I would like tax advice, Do i a LAWYER? |
I haven't filed taxes for about 17 years, I don't have records or any idea what i made, The only w-2 i have is 2006,Do i need a lawyer
and if i owe will they settle for my tax return ... |
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 Does everyone understand the stimilus checks are a loan against you expected tax return for the year? |
| This stimilus deal is not a deal when you figure you're going to have to claim it as monies "earned" so to speak. Those of you who got refunds this year might not for 2008.... |
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| Where do you go to get something notarized? |
Additional Details
(I am very aware that its by a notary, I just want to know where to find one)... |
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anatmanjoe | My parents want to give me 250K to buy a house. will they be hit with hefty taxes? |
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 |
 
linkUS
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You have to be careful with wealth transfer. If you are given such a sum of money there may be taxes due because the IRS looks at it as income (how silly). You may give anyone $10,000 and it will not be seen as income, the rich have used this little known method of wealth transfer for many years. If mon and dad give you and your husband $10,000 then $40,000 has been transfered without incurring taxes.
I am going to suggest you and your parents buy a house with all names on the deed. After a time the names drop off the deed until you are sole owner, that's called wealth transfer. |
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trade_info
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not if you know what you are doing. see a good estate planning lawyer or cpa.
ignore the wealth bashers. |
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answerman288
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tell them to give it to me and I will only spen 170k on the house and save the rest for the tax burden. isnt that sweet of me? |
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TimeWastersInc
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Yes there's a gift tax, 44% in most places some higher. Just more government greed.. They CAN however 'give you 10K a year tax free./ It's true of inheritance tax anyway.. Perhaps it would be better if they just co signed, then just made the payments.. consult a a tax attorney they are worth their weight in gold ...cuz they're worth it! |
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R
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have them give it to you in denominations less than 11,000 everything after that they will be taxed on. Or they can buy the house and transfer it into your name |
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Ahkens
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I hate you rich people. |
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reichman2007
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I certainly hope so... |
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pink_skimpy_slippers
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dollars? pounds? you buy tickets to jamaica!!!!!!!!!! |
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jen
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Need to know more. How much? |
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On a whim
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In general, it seems like the first $24,000 should be exempt from gift tax consideration in 2006, since the gift is from two people. In addition, a person is allowed to gift up to $1,000,000 in a lifetime before having to pay any gift tax, although they have to report the non-exempt gifts on a form with their annual taxes.
No one, however, should rely on me for any tax-related advice. |
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