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 My husband and I were gifted $15,000 a piece this year by parents. Do we have to pay taxes on this $.?
I know the "gifters" will not be penalized, but do we also get a one time gift of up to $15000.00 without paying taxes?
Additional Details
So, say the limit is $10,000.00 on a ...


 Why is fuel so expensive in the UK when most other countries are paying less ?
Bearing in mind we do actually produce some oil ourselves.
The Answer I believe is because taxing the motorist is the easy (lazy) option, whick requires no thought process at all and is a quick ...


 Ive only just started working been 1 month, all employees here get christmas bonus..willi get one too...?
;[

AND how much on average do people get...as bonuses...[smallish central london law firm]...


 Shouldn't obese people be hit with an extra environmental tax?
...


 I had no income last year, but if i say i did, will i get a tax rebate?
i had no income, but if i write down i earned $3000, will i receive a rebate check? and how will it affect me next year, thanks
Additional Details
..will they ask me to send them money ...


 What happens if I actually FORGOT to file my tax return for 2006?
I calculated all the stuff and paid my fair share but filed an extension then forgot about it....OOOPS. Now, when thinking about the 2007 tax position, I couldn't find my 2006 return and think I...


 Has anyone received there stimulus check even when they used Turbo Tax to deduct the tax prep fee? I have read
Has anyone received there stimulus check even when they used Turbo Tax and SSB&T to deduct the tax prep fee? I have read that some people have had gotten there refund even after using SSB&T ...


 I received a email from the United kingdom about a winnings of 1,000,000 but cannot email them back.?
The email address is unclaims agent officer 07@yahoo.co....


 Will I get the tax rebate for my child that was born after the new year?
My child was born on January 7, 2008. Will he still qualify for the tax rebate? I am unclear as to when the cut off is... is it the end of 2007 or as of the date the tax rebate is approved?...


 Tax fat people.?
Obesity is a major health hazard, affecting 20% of Westerners.

Isn't it time the community provided tax incentives for people to lose weight?

Some will argue that such a ...


 Married 2007 filed single for 2008...what should I do?
My taxpayer lied to me. He told me it was ok to file single. What do I need to do? What are the consequences? I did not know about this until now...please help!...


 What is 9% of 240?
...


 I have been told that I am A winner of the sum of £500,000.00 and the couriers name is TNT International,?
but they have told me before the issue of this substantional amount that I would have to pay the couriers the sum of £379.00, which is not in my means, please could you advise me as to what to do ...


 Hi i have 5 numbers plus the bonus on tonights lottery before i claim do i have to pay tax on the winnings?
...


 Why can't the IRS tax the rich and actors MORE than the average person or family?
...


 Do kids have to pay taxes?
i am 14 and have my own business. do i have to pay taxes at the end of the ...


 The UK spongers?
hi i fell ive worked enough so i was wondering how you felt about me quiting my job and just sitting around all day going on the dole i mean alot of other people dont give a sh.it so why should i
...


 So, it's may 2nd, and i still haven't received my stimulus rebate check. and my SSN 2 ending # is 12.?
did anyone else who fall in this categorie? have you received yours? I also didn't get a notice so i don't know if that might be a reason....


 I've just recieved the following email..?
I've just been sent this e-mail from the HM Revenue, i don't have a clue what it's about though or why they've sent it to me! Here's what it says :

Inland Revenue T...


 Has ANYONE received their tax rebate via direct deposit? If so, what are the last two on your ss?
I am a direct deposit recipient, my last two are 16 and I have not received anything. It would be comforting to hear that SOMEONE received SOMETHING yesterday or this morning....



chelle0980
UK Question. When do Tax Credits send out renewal forms?

Additional Details
To Crispy, thanks for your input but I do work as a full time mum and housewife and my husband works 45 hours a week. We get £40 a month from tax credits as a top up, which goes towards my council tax. I would hardly call that scrounging.
                     
 




littlemanjamieh
Rating
They should be out anytime now.

As for Crispy, I work and so does my wife, but we aren't earning much so Tax Credits top up our earnings. Ignorance is bliss!


Jason H
Rating
Now, or so they should be, but you know how slow they are.

Crispy my friend, explain how my cousin is a scrounger. She is a single mum who works as much as she possibly can as well as looking after her 15 month old son. With out Tax Credits she would be living in poverty. Get a grip, and maybe do a little research before putting your ignorant opinion across.


forest
Rating
Normally it"s the beginning of April
But I'm still waiting

To crispy people that get tax credits are entitled its not scrounging


jansahar
Rating
I've not had mine yet.

To Crispy the £40 a month mentioned was taken off the married man's tax allowance and given back as cash. You can still get that much if you have a joint income of up to £50,000.


Dora
Hi, I used to work for the Inland Revenue Tax Credits in Cardiff. As the Tax Year ends on April 6th it will take about a month to dispatch all of the renewals. It won't take long if you have any problems phone the Preston Inland Revenue thats where they dispatch the letters. People who are self employed send there renewals back by September.

As for you Mr Crispy to cocky for your own good I've got three words for you "YOUR A TWAT"


marie s
if u have a change of circumstance u can ring them and tell them, not sure when they send forms though, sorry not much help!!
and as for crispys comment, i get tax credits because im a single mum and i work 25 hours a week, and they give tax credits to top up earnings, thats hardly scrounging is it??


AlienSunflower
How dare you make judgements about anyone Crispy, this just show your level of intelligence. Tax credits are paid to working families as well as people claiming benefits, and even if this lady was on benefits all that says to me is that she is dedicated to her children & doesnt want to unload them to someone else, It is disgusting that mothers are forced out to work these days when they could be using their time to bring up their children. Dont get me wrong i admire the effort to go back to work, just ignore ignorant people such as crispy, if he has any children i pity them.


Joe_Young
chelle09… Sweet heart here is your link find out.

http://www.google.co.uk/search?hl=en&q=When+do+Tax+Credits+send+out+renewal+forms+in+uk&meta=


El
We had ours in january but we requested it. I think any time from march onwards. They're not the most efficient people i can think of.


francisterence
your ftnancial year starts april 6th,but you can sort it out over the phone.just give them your current joint income and they will process your claim there and then !08453003900,they will also tell you how much you're entitled to.cheers.


Jules
Rating
Hi there, I haven't bothered to read the answers that are hidden because of the low rating......... not even going to waste my time with such morons......

Funny though, this question, cos I've just had a letter from Tax Credits this morning!

It isn't a form and it doesn't ask for any details, all it says is that from 6th April the amount of time you have to let them know about changes has been reduced........ so basically they are trying to make sure that they are either paying enough out, or not over paying anyone.

As the new tax year started early this month, I would expect them to start sending forms and asking questions sooner rather than later... but as others have said, they aren't always that quick about things.

Remember that when you do tell them about how many hours and how much you get paid, it's better to over estimate rather than be on the pessimistic side. Why....

OK so they might pay you a little less each week
but
at least when it comes to the new tax year - you won't have to pay them back!

I've done that myself..... colleagues have told me that we have had some clients (I've had one) in the past who have ended up with large bills because they were receiving too much when circumstances had changed.

You don't have to base the calculations on previous earnings, though it is usually a good indicator, you can tell them how much you are expecting to earn this coming year.

For me I would much sooner by underpaid and them owe me some money than the other way around. After all, how many people will have saved some back, just in case they got too much?

The following links might be helpful:

https://www.taxcredits.inlandrevenue.gov.uk/HomeNew.aspx

http://www.hmrc.gov.uk/menus/credits.htm

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/TaxCredits/DG_4015483

Also worth bearing in mind that if anything changes during the year, you can phone them and let them know, they can then change the calculations.

Hope this helps.


glitterdust
I got mine a couple of weeks ago. But this is the government were talking about there not very quick at these things. If your worried give them a call should be on your letter from last year or check on the website.

As for people like Cripsy, they are so quick to jump to the conclusion that anyone who gets benefits are sroungers. Exactly what does he do to earn a living?

I'm like yourself out working all day running a house, my husband works and we have a 20mth old son who we have to send to a childminder. We get tax credits to top up our earning which helps to pay bills to enable us to provide for our son.


sexy legs
Rating
you don`t need to wait for the renewal form , i phoned them with my husbands march pay slip and told them his gross for 2006-07 and my claim was sorted in 4 days !

Hope this helps x


Dr Watson (UK)
I've asked Tax Credits the same question - they are sending them out between now and August. They award you the same Tax Credits as last year whilst you are waiting for the Review Form to come through. You can apparently phone your figures through, which was a new one to me. Hope this helps and hope the info in correct. :-)
Ps. Fat person- it's not scrounging, it's only for working people, and the forms are sent through regardless of whether you've asked for them or not.
PPS. No need to wait for P60 - last wage slip will have earnings to date. My last wage slip was 30/3.


heartshapedglasses
I'm pretty sure it's different for everybody. I think that it's a yr from the date you got your first payment, then yrly after that. Crispy you're so ignorant! Many people who claim tax credits are working, they're just claiming what they're entitled to. If you were in the same situation, no doubt you'd claim it too. Or would you say " no thank you very much. Keep your money oh kind government, because I have a proper job!".


Lora
Rating
Tax Credit renewels are sent from the 6th of April until the end of June, your entiltement will be the circumstances on when it will be sent. If you recieve full ctc only these will be on the mailing list first, then those who recieve wtc and ctc and then to those who recieve ctc family only (£547.50 and less).
If you recieve the ctc family only you will not be sent a form but a letter asking to confirm your circumstances.
But if you recieve more than the basic element you will be sent a form to fill in but you can ring the helpline with your details and therefore will not have fill in the form as your details will be directly inouted into the NTC system.


katehughes2706
Rating
Anytime now I think - they tend to send them out in alphabetical order, and we are Hughes, had it about two weeks ago.


JULIE S
Rating
They sent out the stuff late last year with a rough idea of how much you would get and to contact them if your circumstances have changed. No you are definatly not a scrounger everyone is entitled to the money so go and get it


jackie m
If you have a very recent pay slip phone tax credit and give them details that should do but I stay in Glasgow and don't have mine yet. And you or anyone who gets credits are not scroungers, we are getting what we are entitled to, I am a single person working full time and get a measly £3.00 per week, and WOULD be better off unemployed.


koolkatt
Rating
There's no point phoning them until you get your P60 from your employer as that has all the information on it they need. You can be sent the form anytime between now and August I think but once you have your P60 you can do it over the phone. That's the way I do it.


Lee
Rating
any day now, its norm begining of tax year


L. F. BOSLEY
Rating
iv'e had mine a while now you have to aug to claim,but why not phone it in.


Damo77
Rating
Thet send them out as your claim renewal date,usually 3months before your claim expires.claims tend to be done on a 12month period.


TINA C
Rating
they usually send them between april and around july time. well thats when i get mine. hope this helps.


Rhian H
Rating
they normally do it by now...my last letter from them was just telling me to phone at the start of the tax year and report any changes. If your worried give them a ring and make the any changes etc over the phone...thats if you can get through!


blonde dyslexic but good looking
Rating
i see u have a computer or u would not be asking this question. i would just go to inlandrevenue.gov.uk/taxcredits.
terry


DOODLE
Rating
ASK AN ILLEGAL IMMIGRANT,THEY'RE BOUND TO KNOW !!!


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