 Do I have to pay income tax on the dividends from my stock that i have them automatically reinvest? |
| I have stock in NHP which pays dividends. I do not take them out but have them automatically purchase more stock with them. Do I have to pay income taxes on those?... |
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 My ex claimed our son on his taxes. I mailed in my return claiming my son, what should I expect? |
| I had e-filed and it was rejected because my ex got to his taxes first. I called the IRS and was told to mail it in and they would send out notices and investigate when they processed my return with ... |
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 What are the chances that the "fair tax" will be implemented in the U.S.? |
Additional Details
swg: look up Fair Tax. I'm not saying taxes are unfair.,... |
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 Can someone explain a W2 form to me? |
| i just got hired at smoothie king and he said i needed to fill out a W2 form. what the heck is that?... |
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 Is it true that if you are expecting a return you only have to file taxes every 3 years? |
| I was on the phone setting up some payments for some loans and the lady informed me that if a person is expecting a return from their taxes, they do not have to file every year, but every 3 years. S... |
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 Budget 21st March..UK? |
What do the people of the UK expect to hear in the budget on the 21st March ?
Additional Details
Davy B
We dont need tax increases to pay for more cops..NHS or prisons
If the ... |
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 What's guaranteed besides death and taxes??? |
| are there any other anomolies like this???... |
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 Would a National Sales Tax be better or more fair than Income Tax? |
I think it would be more fair, and would be much harder for scofflaws to dodge. What do you think?
Additional Details
Hey, to then lady who left "Look it up" as a source - this ... |
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 If I sell my house without putting the proceeds into another house, how can I avoid taxes? |
| My employer will build a house and allow my family to live in it rent free. We will sell our house. We will make quite a bit when we sell our house. Since we won't be reinvesting in a house, I... |
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danielle j | Should I declare myself single or head of household on my withholding allowance certificate? |
I am a single woman who lives with her boyfriend and brings in the majority of the income to my home. Is it just easier to register myself as single? |
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msquaredinc
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Yes. The law is as follows:
An unmarried taxpayer may qualify as a HOH by maintaining as his home a household that is the principal place of abode for more than half the year of a qualifying child of the taxpayer or a person who would be the taxpayer's qualifying child if the taxpayer hadn't released the dependency deduction to the noncustodial parent. < This is not you
However, the taxpayer won't qualify as HOH if the qualifying child is married at the close of the taxpayer's tax year, and isn't a dependent of the taxpayer because he filed a joint return or because he isn't a U.S. citizen. < This is not you
Also, an unmarried taxpayer may claim HOH status if he or she pays more than half of the cost of maintaining his or her home a household that is the principal place of abode for more than half the year of an individual for who the taxpayer may claim a dependency exemption. < This may apply if you support >50% of this person as then you can claim them as your dependent, otherwise this does not apply.
or maintains a household that for the tax year is the principal place of abode for either of his parents, if taxpayer is entitled to a dependency deduction for either parent < This is not you |
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acmeraven
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You are a single person and despite the fact you are playing house you are not the legal head of household; you are only single in the eyes of the IRS. |
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Judy1
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You aren't head of household - you need a closely related person that you are supporting, and a boyfriend wouldn't count even if he had no income at all for the year. You'll file as single. |
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travelguruette
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Head of household is automatic audit.
Qualifying relative rules:
Not a qualifying child - The dependent cannot be a qualifying child of another taxpayer.
Gross Income – The dependent earns less than the personal exemption amount during the year. For 2007, this means the dependent earns less than $3,400.
Total Support – You provide more than half of the dependent's total support during the year.
Relationship – You are related to the dependent in certain ways.
Joint Return – If the dependent is married, the dependent cannot file a joint return with his or her spouse.
Citizenship – The dependent must be a citizen or resident alien of the United States, Canada, or Mexico. |
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Prophet 1102
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Nope - you have to have kids (dependents).
When my son turned 18, I could no longer claim him as a dependent (because he wasn't in school) yet I was providing for all his needs. Sucks. |
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leigha
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no head of house hold, as there is more than one income |
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slippery magoo
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Go with it girl!..... |
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bobby d
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I think you are just declared as single. You boyfriend has no legal bearing on your tax return - so you can't claim head of household. |
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Aymee L
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Child..head of household..no child...single. |
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