 In the uk, why is there a system that when you start a new job you get paid in arrears.? |
I can understand that you need to do the hours first so they can tot them up and then get paid but there really is no need for it is there?
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No you absolute spanners!! I... |
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 I am turning 19 in February, I got married on January 2, 2007, and moved soon after to another state.? |
| I moved with my husband who is in the military. Right now I am working full time. And during the fall 2007 semester I will start going to college full time. My parents don't know that I am ... |
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 My W-2 form? |
| I just got my w-2 form now I don't know what to do with it, How do I get my income tax and how do I know what I got, I don't even know how to start the whole process of getting my income ... |
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 Hi im 22 no kids and I wanna know how long does it take to get section8, wht is the estimated wait time? |
| Because, I first mailed it in feb 08, and they sent it back to me just recently this month in july 08..because I forgot to fill in some information..and that's crazy it took them 4 months just ... |
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 Recently got laid off from a part time temporary position. Am I eligible for severance pay? ? |
| I get paid hourly with no benefits or any kind or pay vacations or sick leave of any sort. Do I still get severance pay? Or are severances usually only for full-time positions with benefits and all?... |
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 Do you need to own your home 2yrs or 5yrs to qualify for tax-free capital gains? |
| My dad sold his home after living there for 20+ years and bought a condo. 6 months later he sold that condo and bought a bigger condo for slightly more money (no capital gains at all with that sale).... |
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 We did not receive our stimulus refund check, last name starts with W. Should we be concerned? |
| We are also unclear as to what we should receive. We filed joint with six children. We received EIC on the children. Our income is approx. $64,000. ANy answers out there?... |
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 Money paid on behalf of me by my employer to cover relocation expenses. How is it taxable? |
I moved for my employer in Jan of 07 from IL to NC. At that time. I received a lump sum payment to cover travel and moving expenses along with expenses in relation to the sale of my home in IL.
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 I want to know, for filing the income tax do we need to prepare books of accounts and get them audited? |
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Some one told me that it is only required when your income or earning are more then 10L?... |
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 Ok to pay bailiffs for council tax? |
help plz, i need some advice please, have tried cab before, i owe council tax and my case is supposedly with the bailiffs who i've not had any contact with.
is it ok to pay council ... |
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 Tax rebate??????? |
| how much are we getting, i have been told for a while that we are getting 600 now someone is telling me its only 300 does anyone know for sure exactly what we will be getting?????... |
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 Would I get a big tax break if my wife stops working? |
| If I have 1 dependant, how much tax break do I get?... |
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 When are those 600 irs checks getting sent? |
| You know thos tax relief checks when are they getting ... |
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Katie H | Was the Economic Stimulus rebate check we received last summer an advance on this years taxes? |
When I was doing my research about this last year it said it was NOT an advance and you would not have to claim it on your taxes. However, today when I was reading about how to prepare to get your taxes done it said it was indeed an advance and you'd need that information when you file your taxes. Of course ours is lost, but I do remember how much it was. Any tax preparers have any insight on this?
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I file my taxes online. Besides the first year, they haven't required paperwork. I'm a full time mother of 2. It's extremely easy to lose paperwork if one isn't very organized to start with. Thanks for all the answers. You've explained it perfectly everyone! |
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Bob F
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You are correct about it not being an advance.
The reason you have to reference it on this year's tax return is in case you did not get it last year, or in case you had a 2008 that would have earned you a better rebate than the original which was based on your 2007 return. In that case they would give you more on 2008. |
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v b
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Think of it this way.
Your refund on your 2008 tax return is exactly the same as it would have been if there had *never* been a stimulus package.
Then the government voted a stimulus. This is additional money added to the system during 2008. The government could have waited until now to pass the money out, but chose to distribute it *early* based on the information on your 2007 tax return. If you got the maximum amount early, you don't get it again when you file your 2008 tax return. Since some people didn't file in 2007 (particularly soldiers in combat zones!) or their circumstances changed, the government is giving you a 2nd chance to qualify for the money on your 2008 tax return.
In order to ensure that you only get the money once, the worksheets ask the amount you previously got.
Unfortunately, some individuals are playing with the field, putting in $0 the first time and then the amount they received the second time. With $0, their refund is inflated. When they put in the correct amount it goes back to the amount it would have been if there had never been a stimulus package. But since the amount goes down, they conclude, incorrectly, that they are paying the money back. |
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yourtabo
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The Stimulus check is indeed an advance of 2008 tax credit based on your 2007 tax return. When you file your tax return, you'll need to know how much you received last year as the stimulus check. If you qualify for more based on 2008 tax year, then you'll get more after you file 2008 tax return. If you received more based on your 2007 tax return, you don't need to pay it back. Be sure you have the exact amount that you received, otherwise it may delay the processing of your tax return. |
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Worldly25
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Not an advance. You enter the amount so the IRS can verify it was correct. Some people did not get the right amount last year.
How do you lose important tax preparation papers.
Just write down the amount Try and get a better system of storing important records. |
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Kandy
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What Bob F said!
I wasn't eligible to get it last year but this year I am! |
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Judy1
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No, it doesn't affect your 2008 refund, which is whatever it would have been if there had been no stimulus package or checks. The exception is if you didn't qualify last year, but qualify based on your 2008 return, you'd receive the stimulus payment added to your refund.
Unfortunately, many of the tax software designers took a short cut and calculated the stimulus into your refund for 2008 automatically, then have you subtract it back out if you got it last year. This is causing massive confusion among people who think it's being subtracted from their refunds - it's only being subtracted if it shouldn't have been there in the first place this year since you already got it last year.
The reason they ask what you got last year is that if you quality for more based on your 2008 return, then you'd get the extra. If you don't qualify for more, what you got last year doesn't show anywhere on your 2008 return or affect your refund, it's just used on a worksheet and you don't send that in. What you got last year was an advance on the stimulus payment for 2008, not on your regular refund.
If you use a preparer for your taxes, they'll be able to tell from your 2007 return if you lost the form for your stimulus payment. |
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Aydens Mommy
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no, it's not an advance at all... |
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taxreff
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The stimulus payment was not an advance, and does not have to be repaid.
Still, there is a line on the 1040 for the Recovery Rebate Credit. That line is for those who were eligible for an advance payment, but did not receive one (or received a lesser amount than what they were entitled). People in those circumstances can get their payment when they file their 1040. Since the amount received must be subtracted when computing one's Recovery Rebate Credit, many mistakenly think it is being repaid. |
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