 If your accountant screws up on your taxes, then can he/she be held financially responsible? |
| We received info today from the IRS that says we failed to report $11,000 in nonemployee income. We submitted it to our accountant but somewhere there has been a screw up. The IRS now says we owe an ... |
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 What do you get a better income tax refund with a child or a house? |
| we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150... |
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 $80,000 Income and No tax write offs... Need Help? |
| I rent. I have no children. I have no deductions. What should I do??? Please H... |
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 Filed taxes on the 24th,.......i did it the 23rd checked email on 24th at 11 and it had been accepted.? |
| checked irs web and it said refund will be there no later then 5th.did anyone else get that? I heard they only deposit on fridays is that true? i have bank of america.how do they do it?... |
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 Do I have to report a rollover from a previous employeers 401k plan into my current 401k plan? |
Last year, I rolled over the funds in two 401ks (from previous employers) into my current employer's 401k. I.e., I just went from 3 plans to one. I didn't keep any of the funds, etc.
... |
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 Can I make payment arrangements for a IRS balance I owe? |
| trying to avoid it coming out of return. What can I do to prevent it? It was for a 9.51 cent return that wasnt filed on accident.... |
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 How many of you have got your stimulus check and it was less than what you anticipated? |
| I got mine and I was supposed to have got 900 and I only got 600. All of my friends that were supposed to have got 600 got 300. What's up? Has this happened to any of you? If so, what have you ... |
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 I received a ltter from the internal revenue service stating we would be receiving a stimulus check for1200.00 |
| not that I am complaining, but we owe the irs, we have been on a paymnt plan with them where they take money out of our account every single month. says that the check will be mailed on May 30th. Are ... |
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 Parents claiming me as a dependent for 2006, but now I'm married. Do I file married filing jointly? |
I graduated college in May 06 and got married in June 06. My parents are claiming me as a dependent because they paid for my college. (and still paying)
Now I am doing my husbands and I... |
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 Should i be self employed or an employed? |
My boss has offered me to go self employed. I thought hell yeah! I get £300 aweek for 2 days work as i sort out his kitchen. What would the difference in pay be?
If i was self employed would i ... |
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| New tax please help? |
| As Lord of the Manor I own all of the land and surrounding countryside that the local village is build on, and as such I may tax the common folk accordingly…now it is a common known fact that ... |
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 My husband and I filed separately for our 2007 income taxes. Who gets the 600 or 1200 rebate? |
| We have no kids, and together made just about 50K, however he made more than me since I'm in school. He lives in another state as well.... |
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 Do you have to claim last years tax refund as income this year?...its already taxed!? |
| it was income last year,,,,,and now they are going to tax it again?......jezuz....this is such a ... |
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 Is this fair? |
| I had $23K with held from my paycheck last year for taxes, and the tax man wanted $5,500 more. That's 28K because I'm a single non-homeowner.... |
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 Federal income tax question....basic question...please help!? |
| When filing Federal Income Taxes, do you round to the nearest dollar, or do you use exact numbers, cents included? My state tax book is telling me when i file state taxes to round. But i've ... |
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 Tax question, I know some places offer you cash back right away when filling taxes, are any good and cheap? |
| cause I want my money nowwww, and i don't know if i'll pay an arm and a leg for this, does anyone have a real answer?... |
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lola | Ok, so i just filled out some forms at sears, and on the tax form it asked do you want to claim exempt? Yes or |
No, so what am i supposed to put? Do i have to pay back the irs at the end of the year? |
 |
 
Mickey
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something i learned from my parents: when filling out the tax forms, always put a -0- so that way, come tax time, u GET more back from the irs. my parents still do it on their taxes. if put a -1- chances r u have to PAY the irs. don't worry, u get in trouble. my sister who works for the state gov't does it too. |
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Freddie
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Most people will not qualify to claim exempt status upfront. You will owe lots of tax in April, plus as an added bonus, you will probably be required to pay a penalty for not having sufficient taxes withheld throughout the year. I recommend you claim at least one exemption on your W-4 (the form you filled out today.) The more exemptions you file, then the more money you can take home each week. It is not a good idea to file 0, because every tax payer gets to take a least one deduction when they pay their taxes. A good place to go for reference is www.irs.gov because they provide a calculator to estimate withholding. They will take into account money you have already earned this year, money you expect to earn this year, and any other income you might receive, plus any taxes you already have had withheld this year. You can change your W-4 at any time, so whatever you put down today is not set in stone. Just go to your HR or payroll to get the form to fill out again. |
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neo_blue
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here is a rough list of deductions:
O means the most taken out of your check (therefore giving you the most refund at tax season)
1 is pretty aggressive, but you might end up breaking even at tax season
2 two is more laid back, but you seriously run the risk of owing at tax season.
Another thing to consider is that if you make less than what is constituted the poverty line (between 14,000 and 18,000 a year) then no matter what your exemption you will get everything back. Also if you have kids that also gives you a better chance of getting a refund no matter what the exemption. Good Luck |
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chis_sl
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If you owe taxes you do. Only claim exempt if you make under a certain amount and/or have kids. Otherwise you will owe money! |
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ladyangelovely
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The tax exempt question is usually for organizations such as local branches of governement and charities. It does not apply to individuals. |
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Belle
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Yes. You claim exempt now & you'll owe taxes for the whole year you allowed the IRS to not collect anything. You may also have to pay a penalty tax for exemption. Claim one or zero if it's just you & you have no child(ren). |
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janicajayne
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There are certain laws that make you exempt, you probably do not fit into them.
And yes, if you are busted putting the wrong thing you will have to pay the IRS back, plus interest. |
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bayfrog5
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the more exemptions you claim the less the amount of taxes taken out of your check
you can claim one for yourself , if ur married that's another one, if you have kids etc.
but it is better to take zero exemptions so you get more on your refund |
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