 I got a refund last year, but am owing money this year, why is that? |
| 2006 i made 12k, and received a couple hundred dollars back on my return. Last year i made 27k and am owing the gov $200. On my w-4 i claim a 2. Because i am single, and nobody can claim me as a ... |
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 Can i deposit my check to my friends account? i do not have account? |
| i want to directly deposit my income tax check to my friends account. i do not have checking account? for online filing.... |
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 What was wrong with the window tax? |
| Gordon asked me to test the waters for a possible return of this ... |
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| I'd like to go about filing taxes on my own and avoid paying $50-$80 to have some chump at some tax place do it for me. My W2 states that $263.26 is the federal amount withheld and $148.86 is ... |
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 If i owe 8 bucks in state tax to ohio, do i have to pay it? |
| it seems like it's too small an amount to go through the ... |
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 If I sell my house and make a profit, How much of the profit goes to tax? |
| The house is in NJ,I lived in this house for 3 months, I got a good offer and I need to buy a smaller house as I took a pay cut.... |
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 Can losses from one company be written of against profits in another? |
| I have a couple of flats which are let out and generate a small income. I recently launched a small business, but things are very very slow. I will have spent about £5000 on the company which will ... |
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| I got my tax return direct deposited way back at the beginning of March. My SS# ends in 13. The schedule says I should get it in the same bank account I received my refund, by today. I just looked ... |
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 I am on disability and won money on a game on TV, how and where do I pay taxes. And can't I make so much? |
| I am on full disability (SSDI), I won $10,200.79 on a game on Television. They are sending me a form to fill out for taxes (think it was 1099?) and an affidavit, once that's sent back I get the ... |
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 Taxes and deductions? |
| I live with my girlfriend and we rent our home. I am not a student. What are the best ways to do my taxes to get the most money back as possible. I need to have enough deductions to get over the ... |
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| for the past 30 years no one told me I have to pay taxes and now the IRS is telling me that I owe them some monies??? what do I do?... |
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 Can you file taxes if you had no income, but paid property taxes? |
| I didn't have any income this year, however I paid proprety taxes as well as a mortgage that was mostly interest. Can I file or should I file taxes for the year? Why or why not? My thinking ... |
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 Tax rebate i'm 16 and the tax code is 522L please help me!!!!!? |
i'm 16 and worked for 4 months from aughust 07 - december 07. And i have been gettin taxed . i have only earned £3440
and i am now out of work can someone please tell me if i will get all ... |
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CROFT | Ok..if 1 million people each gave me a pound would I have to declare that and pay tax??? |
Very interested in bejmans answer!!! |
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Martin14th
 |
yes you would have to pay tax on the basis it would be counted as unearnt income |
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http://bathroomthings.net/
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no coz its free |
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Joe W.
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no coz u wud count it asa £1 pay which u dont declare on i6 just happens 1million people gav it 2 u simultaneously!! loophole!! |
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sadienewell
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if they gave you it as a gift no, but if they were earned then yes |
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Vengeance_is_mine
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yes, because it would be income and not tax exempt. Unless you asked them all to pay it into a Belgian account which has no capital gains tax |
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Scott
|
Capital Gains Tax: No and Yes - depending on what you do with the money.
HM Revenues and Customs example:
Your sister gave you a garage worth £5,000.
You did not pay anything for it.
Later, you sell the garage for £8,000.
You are treated as making a gain of £3,000 (£8,000 less £5,000)
Your case example:
1 million people give you 1 pound coin worth £1.
You did not pay anything for each coin.
Later, you sell each coin for £1.
You are treated as making a gain of £0 (£1million less £1million)
If you invested the money or put it into a bank account, then it would gain interest so technically then it would be taxable as you are gaining money from it.
Still, i would get advice from a qualified tax consultant before trying it :).
Thanks |
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pvanderstighelen
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yes if it was unearned income and yes you have to declare it and they will want to know were you got it and you will have to prove it and is it from drugs can you disprove it they have you all ways so pay the tax |
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Mike
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ask these people, I'm sure they'd be only to happy to help relieve you of 30% of it lol
http://www.hmrc.gov.uk/ |
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Kickback
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No, like some (no all) charitys dont pay Tax, VAT etc on some items, its like getting £20 in a card at xmas then being taxed 17.5%. |
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Jill
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Well, my accountant partner tells me the answer is yes, capital gains tax would be due - only exemption would be winnings. |
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