Do rich people REALLY pay more taxes??? |
| My friend and I were having a discussion about pro athletes and he wondered what the point of huge contracts were if they were paying so much on taxes. Now granted, when it comes to the $$$ amount, ... |
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Senators Clinton and Obama claim that they will abolish the tax cuts for the rich? |
| What tax cuts? The rich have a 35% income tax rate, plus a 15% capital gains tax. I'm not rich, I make $31,000 a year after taxes, I just want to know what these tax cuts are that they're ... |
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Is taxation a certainty in the UK ? |
Hi Folks.
During the 1980's & 1990's I became fed up wth UK taxation on everything fom Income to a box of matches, so I took my skills & knowledge off to the Mid-East. ... |
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Can you believe the number of people in yahoo answers that think cutting rich peoples taxes generates money? |
| for the working class. when the rich get money they keep it. Did you ever do any work for a rick man and try to get paid for it?????... |
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How much tax will I pay with a 45,000 salary? |
| I'm starting a new job, and I wanted to create a budget. Do you have any idea approximately how much tax I will have to pay?... |
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What is the best state to live in regarding wages, taxes & cost of living? |
| wishing to have a higher wage and lower property & sales tax along with low cost of living.... |
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The company I work for are in trouble and have come up with the below idea to save money on salaries:-? |
| To pay staff in the form of a staff loan. This means that no payslips are produced and no national insurance is paid at source. Other than the obvious issue of no NI contributions (the tax and NINO ... |
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My ex husband forged my name on tax documents, any idea what will happen to him? Jail? |
| We were already divorced, I have full custody of son, whom he DOES NOT support in any way. He went to HR Block, filed a joint return claiming ME as dependant as well as my son. Forged my signature on ... |
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What is working "off the books?"? |
| I've been a working woman for 31 years,and,several times over the years,I would hear people mentioning expressions like "working off the books." I've never done it with any ... |
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Am I responsible for taxes? |
| I currently work as a nanny. When I started, my boss said she was going to meet with a tax professional and take taxes out of my paycheck each week. I've been working for her for four months and ... |
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Do single parents get enough help? |
| I am a single parent and I currently live off next to nothing... Now before loads of you turn your nose up and start the "living on benefits" bashing let me finish. Too many people are too ... |
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Economy stimulus deposit? |
My social ends in 01 and my tax refund went in my account direct deposit and i qualify for a stimulus payment. Why haven't i recieved it? Additional Details I haven't received ... |
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My husband and I live in Oklahoma. We are separating and I was wondering about our income tax refund this year? |
| He is the one who works, when he files his taxes and gets his refund does he have to give me part of the refund? We will still be married just separated. We plan on getting divorced in a few months.... |
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I heard the IRS is a fraud, do you think so? |
i heard that is not against the law to not pay your taxes, however the catch is, you would never be able to borrow anything like a mortgage...what do u think? Additional Details ... |
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I friend of my check irs.gov and it said that a check in the amount of $600.00 is scheduled to be mailed? |
on april 4th.Could he be getting his rebate already?By the way its says filing period december 2006. Additional Details I just spoke to my friend .He called the irs and they told him ... |
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How do you calculate sales tax in your head? |
| i know how to do it on a calculator but whats an easy, accurate way to do it quickly in your head? Sales tax here is 6%. Thanks!... |
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Luis S | Question about claiming my daughter on my tax return? |
ok my babys mom claimed the baby last year, but didnt have a job all this year. so my question is if i can claim the baby this year? the baby lives with her mom and i stay with my daughter on my days off me and my ex are on good terms she even helped my find and move into a place after we split.i dont know if this matters or not but i pay all her bills except her rent and car and i buy the baby things she needs.me and her were talking and she said if it was possible for me to claim the baby than we would go from there
Thanbks in advance. |
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Charles G
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It sounds like there isn't a divorce decree, but if there was, you'd need to follow that on who claims.
If the two of you can decide between yourself amicably who get to claim, since you are both the baby's natural parents, the IRS is OK with that. To fully comply, she would need to fill out Form 8332, but it isn't hard, and it mostly isn't questioned (unless you both claimed the baby).
She would win "tiebreaker" rules, having stayed with the baby the longest in 2008, if the two of you could not come to some arrangement. |
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bostonianinmo
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The custodial parent gets the exemption by law. She can sign it over to you by completing a Form 8332 which you then attach to your tax return. That gives you the right to claim the exemption and the Child Tax Credit. She retains the right to file as Head of Household and claim the Earned Income Credit.
If she does not give you the Form 8332 (or an equivalent written statement) then you cannot legally claim the child.
Issues of support have no bearing on who claims the child as long as the CHILD does not provide more than half of her OWN support. |
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chatsplas
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YES, you can claim your daughter by agreement with the child's mother. She should fill out the Form 8332, which has to be filled out every year, it's only good for one year. You would be able to get the dependency exemption for her. You can get it at www.irs.gov Form 8332. |
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Judy1
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You can't claim her unless her mom gives you written permission. She can use form 8332 if she wants to do that. Since the baby lives with her mom, her mom is the person who has the right to claim her unless she gives you written permission. She can't give anyone else permission to claim her, anyone else would have to meet the IRS rules for claiming her.
Your paying the bills doesn't give you the right to claim the baby without permission from the mom, though. But if she is willing, download the form 8332 at irs.gov and go from there. |
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travelguruette
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If she says it is alright then it is fine. There is a form 8332 ( I believe) she can sign over the right for you to take it for one year. |
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Jss
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1. Normally custodial parent can claim the child. Custodial parent can allow non-custodial parent to claim the child.
Read http://taxipay.blogspot.com/2008/03/child-of-separated-or-divorced-parents.html |
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Dave T
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Yes, you can claim your daughter. The IRS has a form (sorry I do not remember the form number) that your wife could fill out that tells the IRS that she is not claiming the child.
You can call the IRS for the form number at (800) 829-1040 or visit the IRS web site at www.irs.gov. Look in the forms section. I would also look at Publication 17, the form number might be given in the publication. |
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src50
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Who financially supports your daughter? That is the question. |
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Invisigoth
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if you don't have a court ordered custody agreement that covers this then if you can produce reciepts that show you have been responsible for more than 50% of your child's support and your child lives with you at least 50% of the time, then you can claim her on your taxes.
The best deal so that you don't have problems with audits later is to talk this over with her mom and since her mom didn't work and as long as the grandparents weren't supporting your child and her mom ask if you can claim your child this year.
always save your receipts to back up your claims and go to www.irs.gov if you have any questions about what you can and can't do. |
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Landon
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The rule is whoever provides more than half the support or who the baby lives with more than half of the year is who claims her on the tax return. Generally, if you alternate, the IRS's computers aren't going to like that because they match SSNs to the parent who claimed the baby last year. |
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redbydesign
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Question is Who claimed last year? And then usually it is the parent who the child resides with unless the non-residing parent can prove that they financially support the child without assistance. I suggest strongly to hire an attorney (family law) to set up the legalities. BM's can be just that...but who is to claim this year? from what I can tell you should have claimed previous.More details are needed GooD luck |
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