 I am selling my house to my mother.? |
| I am selling my house to my Mom. I am selling it to her well below market value. The selling price is 50,000 but the banker would like to make the selling price 74000, and show it as me gifting her ... |
|
 Am I getting a stimulus check? |
| My aunt did my family's taxes for me. I'm 20 years old and my aunt filed me as independent because I'm in school and moved out of my parent's house and pay my own bills. I got my ... |
|
 Have you tried to reclaim rip off bank charges? |
| I am in the process of trying to reclaim all my bank charges for the last 6 years, many cases have suceeded but they have not got back to me I have been waiting 2 months now. What do you think my ... |
|
 Is church donation (tithing) tax deductible? |
| Is it 100% deductible? Is there a minimum amount of deduction to qualify (I have a wife and 2 kids, 401K, no mortgage, really nothing else to deduct)? What documents do I need to claim the ... |
|
 Is a VAT inspection something to be scared of? |
| Are VAT inspectors as bad as I hear? Are they human? Can they close down your business and seize your goods and chatels? They want to come and inspect my books.... |
|
 A little more help please :(? |
1. workers compensation received for injury or illness is not taxable.
a. true
b. false
2. a taxpayer cannot contribute to an IRA if he has a pension plan at work
a. true
... |
|
 No federal tax law..? |
Someone recently told me there is no law that says an american citizen must pay a Federal income tax. He also goes to claim that anyone imprisoned for not paying taxes is being illegally held.
I... |
|
 Do I have to pay taxes on what I get paid for watching my friends child? |
| I watch my friends 2yr old 5 days week 10 hrs or more a day..she pays me $80.00 a week for this and deducts for days she misses and holidays. The average daycare around here is between $105 to $120 a ... |
|
 Why didn't my husband and I get $1200 for our stimulus check? |
| My husband and I got married in October 2007 and filed jointly this year. We made around $25K combined and had our refund deposited into our checking account. I was expecting $1200. However, I ... |
|
 Will my employer give me a 1099? |
I work for a couple(childcare) I keep theie daughter, my boss gave me aprint out of what I had made year to date titled "tax information" Shouldn't I receive a 1099 from her?
W... |
|
 Pls. help me i hv recvd a mail from uk of winning of 500000 sterling pound in uk national lottery.Is it true? |
| i m little bit confused about that what should i do... they told me that courier charges will be borne by you so my dear frends could u pls.... suggest me should i send them courier service charges ... |
|
 Is there anyone scheduled to receive their tax return today and don't have it credited yet? |
(2/15, 12:19 EST).
...And is your bank First Citizens bank?
Additional Details
For those that have received their return via direct deposit, does the "Wheres my refund&... |
|
| Is tax evil? |
| Everyone at work is struggling to cope financially and a few don't get proper food or clothing. We all work hard for 40 hours, but we're on NMW which barely allows people to surivive. P... |
|
 We hit AMT this year because WE PAID TOO much in taxes. Does that make sense? |
Just did our taxes and we owe an extra $2K in AMT. Our ONLY itemized deductions are our State and City (NYC) taxes.
AMT was developed to make sure that the "rich" pay enough in ... |
|
|  |
misswishiknewitall | 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't claim both because he is only the father of one. i'm not sure how to go about it though -should one of use file as head of household and claim one and the other claim single and one kid? he makes the most money. how should we each file? thanks you!
Additional Details
not married |
 |
 
Michelle
 |
if youre married you shouldn't do that. But if he is just your boyfriend and you don't live together both file as HOH but I dont think 2 people can claim HOH of one house. I think you should claim HOH and get EIC you will get more money that way. Anyway you can go to turbotax.com and check both ways to see who gets the most money it doesnt file until you press file and you can change anything you want. Hope this helps you |
|
ninasgramma
 |
You can claim one child and he can claim the child that is his child. If you live together, only one of you can file as head of household. That should be the person who pays more of the expenses.
Work your taxes both ways and see. It may be possible to get more money doing what you suggest, or not. If depends on your incomes. |
|
ivy
|
NO NO NO, you claim both kids, you will get the EIC credit. you will get more, |
|
InquiringMind
|
Are you married.....
If so, you can only file married filing joint or married filing separate....
if not....do you live together?
If you are the true head of household lived alone and sole provider for 2 kids you should again file that way..it is the lowest rate.....
Figure it both ways to see which is better, but you cannot file head of household if you are married to him! |
|
P G
|
Boy oh' boy!
I'd suggest you don't try preparing this yourself. See a tax professional, I can already see some "red flags" based on your past filing history! |
|
Judy1
|
If you live together, then only one of you can file as head of household. One of the requirements for hoh is that you provided over half of the cost of maintaining the household for the year - you can't BOTH have paid OVER half of the household costs. The one who doesn't file as hoh, probably the one who makes the least money, would file as single. |
|
just a girl
|
your not going to get any more by splitting up the kids.
you should claim both as head of household since you make less. |
|
taylor13669@verizon.net
|
My husband and I used to file Him, head of household with one dependent, and me single with one dependent, that was before we got married. You can go to H&R block's website and use there caculator to estimate how much you'll get back. When I used it it was right on the mark this year. (I've already filed) using that caculator is free.. and you can try it every different way to estimate what you'll get. |
|
CUTE C
 |
exactly that way. Your right.
Only one person can be head of household though. If your married, you should be filing together. Either way, you will be getting the same amount. It would be different if you had 3 children. 3 child is tax credit only. first 2 help with taxes. My finance is an accountant.
Just keep them both...it will come out to the same thing anyway. |
|
Chopperman
 |
Be very careful with your filing status.
Assuming you plan to do your own taxes, I'd place a call to the IRS and document who you talk with, the date, the time, your specific question, and their answer. Armed with this, your are much less likely to incur any financial penalties for a mistake.
If you are living as a married couple (I did NOT say married), then neither of you qualify to file as head of household. If you maintain two separate households, then at least one of you probably qualifies to file as head of household. Legal custody generally determines who can claim the child as a dependent but specific stipulations in divorce settlements can modify this. The addition of SSNs for dependents makes tracking of this very easy - and it is tracked. Make sure you comply with any and all legal stipulations for claiming dependents.
Being a blood relative is not necessarily part of the dependency test - paying more than 50% of the day to day living costs of a dependent is.
Having said all that, if at least one of the children used to qualify for filing as head of household is actually a member of your guy's separate household and he meets all the dependent requirements listed, then that qualifies him as head of household. Same goes for you. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 10 minutes(s) ago
| | | |
10 | 30 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 6 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 2 month(s) ago
| | | |
10 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
