I once heard that if you were to give someone a large amount of money as a gift then the government....? |
| Can and will tax the money? Is this true? And if so how much money does it have to be for the government to tax it and what percentage do they take? Thanks!... |
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Do the richest top 10% of taxpayers really pay 90% of the taxes? |
| I have heard this rough statistc before. Is it true and if so where can I find information confirming its veracity?... |
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What does it mean exactly to "ATTACH" your W2 to your tax return form? |
Do you:
-stick it on ???
-pin it on ???
-do you use a stapler ???
???????
IRS should be more specific............ Additional Details ....ALSO, online,... |
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What if I had over a billion dollars in tax credits on my tax records in a bank? |
| For instance I gave my tax records to a guy I new in the Navy. He got me to sign a Reinlistment loan for a bank but be added his million dollars to the loan, on my tax records. The whole thing is in ... |
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Want to know about my stimulus check experience? |
I thought I would share the experience of someone who's social ends in *07*
1. I filed my taxes via turbo tax having the cost deducted from my return on 02/10/2008
2. I ... |
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Tax rebate question? |
| I'm another that has a question! My husband and I filed joint, he had an income, I did not, we have 2 kids. We were told by our accountant that we would get back 1800 due to 1200 for the couple, ... |
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Where can I get my tax refund check cashed? |
Will check cashing places cash it? Also, is there a place that will cash your tax refund check without charging a fee? Additional Details Actually, I was thinking of places other than my ... |
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How Much is $63.21 Plus Tax?? |
Im soo stuck. Additional Details Canada, Ontario,, Windsor i think. its like 15%... |
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If I moved in with my boyfriend, do we pay taxes differently? |
| I moved in with my boyfriend in June 2007. He works and all that and I worked up until November 2007 (damn you company I shall not name) I have a child and I claimed her this year. Do we have to file ... |
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Stimulas Payment Question? |
For those of you who have gotten there payment's mailed to them how long after the date they said it would be sent was it sent? Additional Details supposed to see mine the 13... |
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Can anyone cite a law that requires citizens to pay an "income" tax on their labor? |
I've heard people refer to such a law when talking about "crazy tax cheats," but no one seems to be able to cite the pertinent legislation. WHERE IS THIS LAW? Additional Details
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Can you get the Refund Anticipation Loan at H&R Block if you have really bad credit? |
| I have horrible credit to be honest, due to low income. I want my tax refund asap, so I can move out of my in-law's (horrible) house. I don't have a lot of money to pay for my tax ... |
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Everybody getting their stimulus check on time? |
| I'm schedualed to get my paper check on the 30th. My last 2 digits of my social are 24. I'm just wondering, to all the people that have already gotten theirs... did i come the day of your ... |
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When did paying off debt? |
Become income?
In October of 2005, I paid off 2 credit cards. I owed $5,000.00 on one, they settled for $4,000.00 and about the same with other card. This past year, 2007, I get a notice ... |
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Michael H | Regarding income taxes , my 23 year old son has lived all year at home with us , his parents. When I get? |
ready to file my taxes will I still be eligible to use him as a deduction even though he will have to file ? |
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lapyramid
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Yes the only thing is that when he files his taxes he has to file them as a dependent and denote that he is being claimed on another person's (your) taxes. |
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tumbleweed1954
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My wife used to be in the tax business and she says it depends how much he make and whether he's in college. She said call the IRS. |
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tonalc1
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It depends on how much of his support came from you and if he's a student. Go to the IRS website for more info. |
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Judy1
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You can only claim him if he was a full-time student for at least five months of 2006, and did not provide at least half of his own support. Otherwise, no, even if you supported him.
Next year when he's 24, you won't be able to claim him even if he is a student. |
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shaydzofluv
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If you made more than him and can prove that you provided more than half of his support then yes you can claim him. |
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robert W
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FROM PAGE 21 OF MY RECENTLY REC'V'D 1040-A FORMS
IS THE QUALIFYING CHILD YOUR SON, STEPCHILD, FOSTER CHILD, STEPBROTHER, OR DESCENDENT OF THEM ?? AND ( HER NEEDS TO MEET ALL THREE OF THESE AND's ) COMING UP
SET #1
1) UNDER AGE 19 AT THE END OF 2006 -- NO IN YOUR CASE
2) UNDER AGE 24 AT THE END OF 2006 AND A STUDENT
( SEE PAGE 23) -- WHEN YOU GO THERE IS HE A STUDENT FOR FIVE CALENDAR MONTHS OF 2006 AND FULL-TIME AT A SCHOOL, FULL-TIME, ON-FARM TRAINING COURSE OR A STATE, COUNTY OR LOCAL GOVERNMENT AGENCY?? INCLUDES TECHNICAL, TRADE OR MECHANICAL SCHOOL.
BUT NOT ON THE JOB TRAINING
CORRESPONDENCE SCHOOL OR
INTERNET SCHOOL
3) ANY AGE AND PERMANENTLY AND TOTALLY DISABLED
(THIS IS END OF FIRST SET OF REQUIREMENTS)
SECOND PART /SET -- IN ADDITION TO QUALIFYING ABOVE
DID NOT PROVIDE OVER HALF OF HIS OWN SUPPORT FOR 2006 ( RECOMMENDS PUBLICATION 501)
AND THIRD PART OF THE REQUIREMENTS - MUST HAVE ALL THREE TO DEDUCT HIM
LIVED WITH YOU FOR MORE THAN ONE HALF OF 2006 -- IF NO ---- SEE EXCEPTIONS INFORMATION ON PAGE 23)
YOU CAN PICK UP TAX FORMS AT SEVERAL LARGER POST OFFICES , LIBRARIES AND FROM YOUR LOCAL IRS OFFICES --- AND THEY CAN ANSWER YOUR ??'S WHILE YOU ARE THERE -- |
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kate
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If you pay for more than 50% of his upkeep you can,
BUT if you both claim the deduction, the IRS will be cleaning you both out later.
Best to decide between you , WHOM will get to claim the deduction - and if he insists on it being him, show him the door. |
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fcardaci
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So sorry, no. |
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