 I got a paper on the mail about my stimulus refund saying that I'm getting 608 dollars!? |
| I only made 17,000 and I have a child that I claimed on my taxes I don't get it, I thought I was getting 900 like everyone else! what happened?... |
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 Why is my stimulus deducting my return? |
So i just prepared my taxes and instead of receiving $284 i OWE $316 when i remove the stimulus from TurboTax's questionaire i get the $284.
So being the IRS stated that it will not ... |
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 Am I a dependent if I live with my parents but have a child? |
| My son and I live with my parents and they pay the mortgage, but I pay for all of my sons food, medicine, clothes, diapers, daycare and medicine. Am I still there dependant?... |
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 Can an former employer with a stick up his butt refuse to send a former employee their W 2's? |
| I had a falling out with an employer in early 2007 i just got sick of the place... I did no damage or stole anything.(i told em off... i will admit that). I was only about 6 months (but it was ... |
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 What is another word for accountant? |
What is another word for accountant, other than bookkeeper or CPA?
Additional Details
Something less cartoony that some of those. We need more that a bookkeeper, which brings us ... |
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 Can I get a W-2 from my employer in the middle of the year? |
I need a proof of residency to get a drivers license. Can I ask my employer to send me a w-2 as soon as possible?
Additional Details
Here is my problem. My apartment includes all ... |
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 Do i qualify for working tax credits? |
I work 16 hours a week and my partner works 40 hours a weeks. Do we recieve work tax credits?
Additional Details
Our combined income is approx £19.500... |
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 Will the state refund overpaid personal income taxes? |
| I think I overpaid on my state taxes. Should I expect a refund of what I overpaid? Will I have to ask for it? Or is there no hope?... |
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 Am I missing somthing? or there are more? |
Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License T... |
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 Why does my employer pay me on the 5th and 20th? |
| Just curious why it's not every other Friday, or the 1st and 15th, which seems more conventional, IMO. Is there some benefit to paying employees on the 5th and 20th? It sure makes paying bills ... |
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 What Age Do you have to be to rent in the UK? |
I am 17 and i can afford to pay for a rented accomodation is their
any kind of age limit.... |
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 Is there such thing as a tax exempt job? |
| i was recently promoted to a job in my local government and on the job description it mentioned the job being "non exempt" does that mean there are jobs out there exempt from taxes or is it ... |
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 How do I file taxes after not having a job for a year but had a baby? |
| Last year I had a baby, but I did not work for the entire year of 2007. I am wondering if I am still able to file a return and claim the baby and receive some kind of refund. I know I had no income, ... |
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 Has anyone with these numbers received stimulus check in mail? |
| Has anyone with SS# ending in 65 received their stimulus check (via paper check) yet? The site says June 20th, I was just checking to see if anyone has received theirs via paper check yet? (SS# 65)? ... |
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 Is money received in Australian dollars into my personal account in India taxable? |
| I provide some services to an Australian company. I get paid directly into my personal bank account every week for the services rendered. The services rendered are obviously legal. Could someone tell ... |
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The Bulk | My tax teacher said I don't need to file? |
Okay, Last year I had a part time job as a data entry clerk and was paid as a independent contractor (1099-Misc) I only made a little over 2grand, I asked my taxes professor If I had to file a 1040, Scheduel C, or C-EZ, she told me that I did not have to file since I made so little.
I know I wont have to pay anything (I made less then the standard deduction.) even if I did file so can I just say screw the whole thing. |
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Audrey A
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You have to report amounts above $400 if you are self employed. Your teacher is wrong and you need to file. |
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Wayne Z
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She is wrong.
The minimum filing requirement for this type of income is only $400.00 per year.
You won't owe any "income tax" but you will owe about $283 in "self-employment tax".
Remember the old saying:
"Those who can, do. Those who can't, teach." |
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Celeste
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You have to file if you made over $400 as an independent contractor or from self-employment.
So, you need to fill out the 1040, Schedule C/C-EZ, and Schedule SE (self-employment tax).
The next time you see your professor, make her read the filing requirements in the 1040 tax booklet or show her this page: http://www.irs.gov/faqs/faq-kw54.html |
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kathykoul
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Your teacher is WRONG. The filing requirements for self employment income is different than wages. No social security and medicare has been paid on that income yet unlike traditional employment where it is taken care of through payroll deduction. You are required to file self employment income when it exceeds $400 - not the standard deduction like regular wages. You have to file a 1040 and Schedule C EZ (you won't need the long C). On C you'll enter your expenses and the net profit is used to calculate self-employment tax (the social security and medicare payments). You will not owe any income tax. If you have no expenses to offset the $2000 your SE tax will be $283 (or more if you made over $2000). Better get to work on it and cut a check to mail in by the 15th so you don't accrue penalties and interest. |
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susancpa
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Where do you go to school? You will have to file a 1040 with a schedule C because you have self employment income over $400. While you won't owe any Federal Income tax, you will owe self employment tax on your earnings less any applicable deductions. Also don't forget to check on your state filing requirements. State filing requirements/limits are not always the same as federal. |
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Prophet 1102
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If you want your 2008 rebate check - file. |
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MO
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Your tax professor is right, you are below the requirement of $8750 and you are also below the non-filer status too. |
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scokeman
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No need to report it you have to make a minimum of $3000 before you have to report it. Lucky You |
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