When will the UK government pay a pension above the poverty line? |
Additional Details the uk pension is 85pounds pr week
the poverty line is around 130pounds I think?... |
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If you owe the IRS on your 2006 tax return due to error,can you still get the stimulus check? |
| My tax preparer forgot to include a W-2 from my husband's employment on our 2006 return.We got a letter saying we owe money so we amended our 2006 return and filed for 2007.We entered into an ... |
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Tax rebate question? |
| alright, I just found out I'm getting my tax rebate in the mail. According the the IRS the day it says for me is June 13, since my last two numbers are 40. So do I get it on that exact day or ... |
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Salary-based vs Hourly? |
| I am a contractor and offered a choice between hourly or salary-based by a contracting agency. I am being offer hourly as of now; but i can change it to salary. I used to get paid salary and per ... |
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Why would anyone in there right mind say the rich need bigger tax breaks? |
| It just doesn't make sense. The richest one percent makes nearly 411 times the amount of a normal blue collar worker in the United States. Wealthy Europeans pay up to 65% in taxes andstill make 1... |
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Are gambling winnings added to my income for tax purposes? |
| I chose not to let the casino deduct taxes (at 30%) because the IRS guidelines say that the IRS deducts 25%. I need to know if the amt I won will be considered general income so that my deductions ... |
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Question regarding tax and part-time work.? |
Ugh, this is really bad, but anyway...
I lied on my resume syaing that I had worked before when I actually hadn't. Anyway, I got a job and the manager told me to bring in my P45 form (I ... |
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Tax rebate stimulus checks deposit??? |
My husbands (first on tax returns) last 2 #'s on ss are 26 and mine is 12 - when should we expect our direct deposit??
We filed our tax returns in Feb and did it electronic and did direct ... |
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Tax question - only answer if you know for sure? |
| In past years I always filed as head of household and claimed both of my kids. my man filed single. well this year i want to claim one kid and have him claim the other to get more money back. he can... |
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I have a tax refund question.I checked my refund status on the irs website? |
| It said my refund was mailed on the 8th but at the bottom there was a note that said my refund may be reduces to pay a past due obligation such as child support or another federal agency debt. It ... |
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Should i report her? |
| This lady does alot of house cleaning and makes between 450 to 500 euros a week. She doesn't pay any tax. Her husband is a self employ painter who does pay tax but also does few jobs for cash in ... |
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How much tax should I be paying after I have earnt £5000? |
I have two part time jobs, (both declared, above board...etc etc) and on one I dont pay any tax, the job pays me £4500 a year.
On the second job, I have for the last tax year been paying 2... |
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If I Net $550/week, what is my yearly Gross Income? |
I live in Louisiana if that matters. Additional Details I claim single and one, I am 25. The only deductions from my check each week are Federal and state taxes, Fica, and medicare.... |
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What states don't charge tax on toilet paper? |
| I had no clue that some states don't charge tax on TP but I just saw on Yahoo homepage that the little old lady won her fight against KMart for taxing toilet paper! What state did that happen in?... |
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samoho | Should i pay taxes as a sub contractor or not??????? |
i'm working full time job at subway and my taxes have been cut from my check. also i work for another guy once a while and he pays me check, but i didn't sign any taxes application to him, actully i didn't sign any thing to him, he didn't have my ssn or data about me but my name. can he file me as subcontractor, even i didnt sign any application for him? P.S :HE ALWAYS INSIST TO GIVE ME PERSONAL CHECK NOT CASH? TILL NOW I MADE ABOUT 1800 $ THIS YEAR FROM THIS INCOME AND OFF COURSE PLUS MY INCOMEFROM MY FULL TIME JOB AT SUBWAY.. THANK YOU |
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Granny
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It could be he has you listed as contract labor. You might get a 1099misc. to file, then you pay self employment tax when you file your taxes. You have to claim it! Straight up ask him! It will benefit you in the long run! |
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MukatA
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1. Your income from "another guy" is self-employed income. You must report this income irrespective of you get 1099 or not.
(If your employer is doing business or is independent contractor, why do you think that he/she will not report his expenses?).
2. For this income you complete schedule C (Form 1040), where you report income and this job related expenses to figure out your net self employed income.
3. Your net self-employed income is subject to employment tax at 15.3%. For this, with your Form 1040, you attach Form 1040 Schedule SE |
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gwdgroup@sbcglobal.net
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Income is income and you have to pay tax. The question is this... is he going to send you a 1099 and use what he paid you as a tax write off?? if so the IRS will know and you will get in trouble for not including it. The second issue is if you ever get an audit and they look at your bank account they will see extra deposits and you will have to explain the monies. Of course there is a little chance it would ever come to that second option but keep it in mind.
Don't let people tell you it is okay not to report.. I made that mistake once and got caught, it was not pretty.
*****Keep in mind you started that he is paying you by check.. this is NOT paying you under the table, there is a papertrail leading to your bank account now.
Robert |
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Perucha
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yes , you still have to even if he is paying you under the table. otherwise it will eventually come back on you. |
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Steve
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Income is income and it is taxable. Others have given great advice on how to report it. |
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jr
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Any time you earn income, you must pay taxes.
And since you've already put the info on the web, I bet the IRS is trying to locate you through your yahoo account.
Play it safe. Do the right thing. Go ahead and pay those taxes :)
You can pay ahead of time. Just search for a form that allows you to send tax payments.
Otherwise, just declare your income (save copies of your checks) when you file. |
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helpmebookkeep
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a 1099 must be filed. it sounds like this guy intentionally misclassified you , where i f caught, after paing back federal withholding and fica at 100% owed, the penalties are an additional 3% of federal w/h and 40% of fica. If he sends in a 1099 and you dont, the IRS will be able to flag you as they receive a copy from the employer. (it doesnt soud like this guy is going to do that) |
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JBIZZO77
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you probably don't even make enough money to file taxes so don't worry about it. |
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myth_kw
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nah .. dont bother .. |
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xandersmom
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hes paying you under the table
no taxes |
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