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 Can you be arrested for a tax warrant(state taxes) like you can with a criminal warrant?
I am in the process of getting this paid but they had to go ahead with the filing of the "warrant" against me. Can I be arrested or anything if I get pulled over or something? They told me ...


 Im not be greedy but can i claim anything else?
Hi there,
I dont want to sound greedy........
My partner and i had a child 7 months ago and my maternity allownce has just finished and we are starting to struggle his wages vary each month ...


 What should I claim on my W-2, 1 allowance or 2?
My company did it automaticly for me as a 2. I am single and live alone? should i change it?...


 Tax and N.I?
is the a way of workng out before i get my payslip how much tax and N.I i can expect to pay a month? on a national min wage job....


 What percentage do you have to pay for taxes on winnings from gambling?
...


 Stimulus Rebate Letter..We Didnt Get One.....?
Everyone in our family got theirs saturday..we didnt. I was wondering if it was because we e-filed through Turbo-Tax. No one else in the family e-files/direct deposits but us. Thanx for any answers!!...


 Why do Americans pay Income Tax when they dont need to?
...


 Claiming my kid on my taxes?
not sure how this works,,,,i am engaged and not sure who should claim our kid, i make 65,0000 and she makes 20,000. the house is in my name, so i will be claiming the interest on the house....does ...


 My husband claimed 6 tax exemptions... Is that too much?
My husband just started a new job. When filling out the tax papers, he claimed 6 tax exemptions.
- one for himself
- one for me
- one because I don't work
- one for our baby<...


 About how much money would you owe, making $35,000.00 and getting a 1099 form?
What kinds of things can I write off. I have never benn 1099ed before and Im really scared that Im going to get in tax trouble. Should I request to change to a W2? HELP!...


 Taxes Not Being Withheld on Paychecks, W-4 Form Concern?
I recently started a new job. I've received a few paychecks already and noticed that I am not getting any federal taxes taken out. Which I do not understand why. I am still getting Social S...


 Is it best to overpay Uncle Sam and get a tax refund, or get more in your paycheck....?
and receive little to no tax refund?

which option would give us more money in the long run?...


 If a product cost $700 ans is 20% off what will be the cost (also what would be the cost plus tax)?
i think tax it like 8.75...


 Economic Stimulus payments, mailed June 6th, has anyone received theirs? My last 2 digits are 28.?
...


 If a US resident receives a $300,000 gift from a non US resident, will the US resident have to pay Fed taxes.?
...


 Paul receive a bonus of $750, which was 5% of his annual salary. his annual salary was?
can any one help??...


 I received amail from uk national lottery headquarters you won lottery i want to know it is true or not.?
i received mail 1 month ago. plz provide details and what plz yahoo apart of this event? plz reply as soon ...


 I am going to recieve a very large bonus at the end of this Year. Should I start paying estimated taxes now?
If I need to pay estimated taxes how do I go about it?...


 Has anyone received their 2008 tax refund by direct deposit yet?
...


 How Frustrated are you with the stimulus hype?!?
I swear this is so frustrating! The irs says one thing the news says another...as helpful as this money would be the government should not do this anymore, they are just sending us into a frenzy!!!<...



angel_nm03
Should I file as single, married, or married at higher single rate?
Last year I started working in July and my husband was self-employed and we ended up oweing a lot in taxes, even though I filed 0 and at higher rate. This year I'm still at higher rate and my husband is looking for work and I will be getting a second job. How should I file for next year's taxes so we don't end up oweing as much as last year?
                     
 




green_eyed_lady
If you are referring to your W-4 withholding form, you can fill it out with anything you want, it only affects the taxes they WITHHOLD from your pay. If you claim 'single, 0 allowances' or 'married, but withhold at the higher single rate', they will keep more, lowering the amount of taxes due when you file. The more dependents you claim, the less they take out. When you file, it is usually to your advantage to file married, jointly as opposed to married, filing separately. You can also ask that they withhold an ADDITIONAL amount of your choosing -- figure whatever you had to pay last year divided by the number of pay periods per year, and you should come close to breaking even. Good luck!


STEVEN F
If you want your withholding to cover the taxes on your husbands self-employment income, you can request an additional amount to be withheld on line 7 of your W-4. The 'quick and dirty' method would be to divide the amount you owed last year by the number a checks you receive each year and use that number. Since we are almost half way though this year, you may want to double the number.

If your husband was not self employed during 2007, the withholding calculator on the IRS website will help you adjust your withholding. If he is still self employed, you may have to estimate taxes on his self-employment separately. I don't see a place for self-employment on the withholding calculator.


ashby
The Govt does not consider you a liar if you file as 'single' when you are actually married. You're not telling them your marital status; you're telling your employer the rate at which they should withhold takes from your paycheck.

If you don't have the self-discipline (it's very hard - I don't) to save on your own for taxes, have your employer withhold the higher rate. If you have the self-discipline (good for you), withhold at the lowest rate, and don't give the Govt an interest-free loan of your money until you get your rebate.


Judy1
Rating
You probably owed a lot because he was self-employed. If he's been off much of the year, then you probably won't get hit too hard this year. Warning - if he got any unemployment compensation, that's taxable income. Leaving everything at married zero for this year, your current job and any other jobs that you or he get, will probably be OK. In 2008, if you're both working, you might want to withhold some extra.

Good luck.


aj485
If you are referring to 'filing' your W-4 form, and not filing your taxes, then you can use the calculator at www.irs.gov to figure out the correct status and exemptions to use: http://www.irs.gov/individuals/article/0,,id=96196,00.html

In addition to filing Single, 0, you can also ask to have additional tax withheld.

Or you could make quarterly estimated payments based on your husband's income.


kenneth h
Rating
Always file as married filing a joint return. You get more money back this way.

If you are married, you are married. You are not single !

If you want, you may file as married filing separately. You will pay higher taxes, this way most of the time.


r_kav
Rating
You need to estimate the total income for both of you, and then calculate how much your total tax will be.
Then, arrange to put that much in through witholding and/or esimated payments.
If your situation changes during the year, re-estimate and adjust accordingly.


losing@30
File Married, the reason you owed so much is due to your husband, he never paid anything in so he owes it all at the end, I would suggest that your husband look at all his expenses that he had for his self employment and make sure he reported all of them (gas, mileage, tools, work clothes, etc), anyway like I always tell people have the governmant take out more throughout the year that way you wont owe at the end, lets be honest, if you lie and get a little extra every month are you really going to save it for when its due at the end of the year, it doesnt matter how much they take out during the year or that they tax bounses higher, in the end you have a total number and they calculate tax on that, if you paid more that the calculated amount you get a refund, if less then you get a bill, NEVER LIE TO THE IRS, AND YES FALSELY FILLING OUT A W-4 IS LYING TO THEM, they want their money


koolgurl94
Rating
File as "Married" because if the government finds out you are lying, they'll get really mad and things will be worse in the long run. You should ask your financial advisor what to do because they are the experts, unlike most people here.


berryc
Rating
Thanks a ton, that was most helpful.


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