Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Should taxes be lowered?
Why or why not?...


 I dont get any taxes taken out of my pay, when I file my taxes will I get a tax return after paying my taxes?

Additional Details
I work part time and only get 147 a week. My boss doesnt take taxes out because "its too much paper work"...


 How much money can you make before you have to pay tax?
...


 If an employer mistakenly overpays an employee does the overpayment have to be paid back?
...


 Should fat people pay more tax?
If you think about when your sitting on a bus an theres no room on it cos the persons too big nxt to you, or walking along the pavement they take up too much room. List your reasons why you think ...


 2008 tax rebate....?
just curious to see if anyone has recieved there rebate DIRECT DEPOSITED in there account yet. According to what Ive read with the last two numbers of the SSN it suppose to be depsited today but I ...


 Has anyone received there stimulus check due to be mailed out july 4th?
Has anyone received this payment?...


 If I had a baby November 2006, can I claim this child on my 2006 taxes?
...


 Do you think it's right to tax a 19 year old in her first job, which she needs for Uni?
And also

The personal allowance, doesnt it work out that you are taxed after you have earned the £6,000. Or do they wait until the end of the tax year?

I have just been taxed ...


 If i have a baby on january 14 2007, will i be able to claim the baby on tax day for the year of 2006?
...


 IRS says they deposited my refund,but I didnt get it?
The IRS website says they direct deposited my refund on the 23rd,but I didnt get it.Whats the number to call and find out what happened to it?
Additional Details
Yes I paid my 14.95 up ...


 Why Do So Many People Want to Get a Big Tax Refund?
Why do so many people let the IRS withhold too much federal taxes from their paychecks? These same people then turn around and get their own money back in a big tax refund.

Why don't ...


 Will taxation continue to become more burdensome?
...


 Where can I find my Employer ID number for free?
I'm trying to file taxes, and I need to locate my Employer FED ID number. I haven't gotten my W-2 forms yet, and I'm trying to file my taxes. This is the only information I'm ...


 What is VAT?
when you buy something and it says 'including VAT' or not, i dont even know what VAT is! can you shed some light on the matter please guys ...


 I received $7,000 as a gift. How do I hide it from the IRS?
I already deposited it in the bank. Is there a way to keep the IRS from finding out?...


 Can you return items you purchased from Goodwill?
...


 Why do we have to pay taxes?
Ive heard from a few people there is no legal hand writing saying we have to pay taxes

i just dont get it....


 I received $136 interest income this year. Do I need to report it?
This is the only income except salary which i guess is already taxed. So if I need to report it could you tell me what form do i need to fill and send or should i receive this forms? I never did it ...


 How can I be sure a email I got actually came from the IRS?
I received an email stating that "records " show that I am eligitable for an economic stimulus tax rebate and for me to complete the application. My name , SS# , and other personal info was ...



Glubbersid
Tax Returns 10 points to best answer?
If my son worked last summer and earned around $2500, and is dependent and in college, does he need to file a tax return? If so, which form?
                     
 




Bob F
Rating
He does not need to, but he should anyway because he will get back all of his federal withholdings. Form 1040-EZ.

Don't forget to have him do a state return also so he gets all or most of that money back too.


Steve D
If they withheld taxes, he should file a 1040EZ - he should get some if not all of them back.


murphw123
Rating
I think he would have to file at least an EZ form.


luv_my_rats
He should get a W4 form in the mail. He needs to complete the 1040EZ form. It's so easy that he can even do the paper version and mail it. I did that until I got married and got a house and then taxes got more complicated.


T D
Your Son does not have to file a Federal Income Tax return.

BUT..if your Son had Federal Income Tax withheld and would like to receive a refund of that money then he will want to file a 1040-EZ. The 2008 1040-EZ can be found at www.irs.gov under the forms section.

If you live in a state that requires you to file a tax return then the same situation applies. If he had state income tax withheld and would like to have a refund then he will have to a file state income tax return.


Judy1
Rating
If they took out social security and medicare from his paychecks, then he doesn't have to file. But if they withheld anything for federal income tax. he should file to get it refunded. He'd get a W-2 from his employer, and file form 1040EZ.

If they didn't take out ss and medicare, then yes he has to file - he won't owe any income tax, but will owe self employment tax for ss and medicare. he'd file form 1040, and schedules C or C-EZ, and SE.


TSH
Rating
Try this:
http://www.irs.gov/faqs/faq/0,,id=199716,00.html


HMUSN
yes and the EZ 1040


Isreal S
Rating
it depends if its on the books or not if it is then he has to


Don S
I believe the answer is yes, he should be filing. His dependency status doesn't matter, nor does his student status. If he was paid, as in on the books not under the table, he needs to file.

If he has a W2, I'd probably just use the 1040 EZ.


Ralph T
You need to prepare a tax return for you claiming him as a dependent and his income and a second without him as a dependent.
The tax laws have changed and he may or may not qualify as a dependent.
I had a daughter in H.S.,at 17-I could claim her and at 18 I couldn't even though she was still in H.S.
Then I got to claim her at 19,even though she was not a student or in college.
His income is the reason to figure it both ways to get the best results.
He may even get more money back filing alone than on your return.


Vlad
yes.


confused
Rating
You really won't get much for claiming him and yes EZ form for your son.


Russ C
Yes file a 1040 ez... you can do it online too.


psychrodraconic
Was he self employed or working for someone else during this time-frame?

Refer to the page I linked to below.

Per this page, "married couples both under age 65 generally are not required to file until their joint income reaches $17,500. However self-employed individuals generally must file a tax return if their net income from self employment was at least $400."

so I think he could get away with not filing if he isn't self-employed, but I still think he should if taxes have been withheld from his checks and is a student. He should be able to get some cash back even if he is not claiming himself as a dependent and you are.

His taxes are probably simple and could probably be done at home.


Brian S
yes he does. Even if he owes no taxes he must file with both state and federal and probably local as well. The federal form you'll want to look for is the 1040EZ. The state and local forms vary depending on where your permanent address is. Check your local library for those, they should all carry them.


~BITCHIER THAN EVA~ URGH!
yes, he still has to fill out tax returns but he could fill it out with you on the count that he still a dependent


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy