 Do you think Medical expenses should be a write off? |
| My father said that anything 4,000 and above is a write off but we both think it would be beneficial to everyone if they made even prescription, routine exams and other small medical related things ... |
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 If i didn't work and i have a child can i file taxes for just the child credit? |
| i didn't work, but i have a 3 year old that no one else is going to claim, can i file and just get the child credit? how much is it?... |
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 What is the average yearly income of a street-corner prostitute? |
| I'm doing a project on prostitution, and I was wondering what the average income is?? Any kind of financial information (average going rate, etc.) would help. Thanks in advance!!... |
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 Why is Medicare being taken out of my paycheck if I dont even use that stuff? |
Can't I opt out or something?
Additional Details
well I wont be elderly for another like 40 years. Can't I just opt out now and start paying it like 30 years from now or ... |
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 Im18 , i work full time, im a high school student, they take close to 200$ worth of tax out my check? |
My mom is carrying me in january, when its time to do taxs?? should they be taking all that tax out my check ?
Additional Details
im not complainng my mom is .... |
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 Am I eligible to file exempt on my W-4? |
| I am single (age 22) with one dependent (my sister- age 15). My income is over $30.000. I want to get an apartment but I will be struggling a bit with the car note , insurance, !!GAS!!, and student ... |
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 I recieve a letter in the mail on July 1 stated that I will receive my stimulus by 07/05/08 but when I check? |
online and the hotline it stated my check will be mail on 07/04/08 which should I go by?
Additional Details
I got it ... |
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 Is the IRS really giving us an extra $800.00 this year on our income tax return.? |
| I'm a single mom who could really use it since I made just over 25K last year and I'm being taxed horribly.... |
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 If you buy things with a wholesaler's license do you have to pay taxes to the Govt? |
| If you buy products with a wholesaler's license does the government require you to report your profits if you resale the stuff or is that only required if you have a business license and are ... |
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 Hi, It would be grateful if any of you could let me know if the following address is true "SCARLET COURIER COM |
Actually i got mail form the following address"UK National Lottery,
PO Box 1010
Liverpool,L70 1NL,
United Kingdom,
Draw Date 21/02/2007
Ref: XYL /26510460037/05
B... |
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 I have been married since 9/22/06. Do I have to file 2006 taxes as married or can we both file as single? |
I was divorced for 7 yrs and always files head of household and could claim EIC, but I think my refund will go way down if I file married as my husband has a much better income than mine.
A... |
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 What benefits can I claim? |
| Hi I am a 21 year old with a 10 week old son. At the minute we aren't claiming any benefits but I am about to rent a property so now I need more money than ever! The property in question won�... |
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MiZmeL | What happens if a married couple files "head of household"? |
Well, not both of them, just one.....in order to receive the eic? |
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leonard s
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if your separated for more than a year. nothing happens if not then fines and interest will have to be paid . |
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Wayne Z
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It's called "Tax Fraud".
A person receiving EIC is much more likely to get audited than a wager earner earning $100,000 per year.
If caught, you would have to pay back all of the taxes and penalties and interest back to the original due date of the return. It can be a very painful lesson to learn. |
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bostonianinmo
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When (not "if") the IRS catches you you'll have to pay back the EIC payment plus penalties and interest.
Then the both of you will be barred from claiming the EIC for 10 years. Think of how this will affect you if you wind up divorced in a few years and have custody of a couple of kids where the EIC can make the difference between survival and living on the streets.
If it's your REALLY unlucky day the IRS could decide to prosecute you for tax fraud. There has been so much EIC fraud in the past couple of years that it's quite likely that the IRS will make examples of a few folks. That can lead to prison time. Don't be their poster child for Tax Fraud! |
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Judy1
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Assuming they get caught, and there's a real good chance they will, they'd have to pay back what they got illegally, with interest and possible penalties, plus could be banned for up to 10 years from collecting EIC even if they were eligible for it. Prosecution is a possibility, but not very likely.
It can take a couple years after you file the return, so keep looking over your shoulder. And by the way, the IRS is very much aware of all the cheating that goes on with EIC, and has been looking at EIC returns much more closely recently. |
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butterfliesRfree
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You can get arrested --- you'll end up in trouble with the IRS. They'll ask you for proof and you'll be charged with fraud. |
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brewctred
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The following comes from the IRS website:
Generally, your marital status on the last day of the year determines your status for the entire year.
If you are unmarried, or if you are legally separated from your spouse under a divorce or separate maintenance decree according to your state law, and you do not qualify for another filing status, your filing status is single.
Generally, to qualify for head of household status, you must be unmarried and you must have paid more than half the cost of maintaining as your home a household that was the main home for a qualifying person for more than half the year. You may also qualify for head of household status if you, though married, file a separate return, your spouse was not a member of your household during the last six months of the tax year, and you provided more than half the cost of maintaining as your home a household that was the main home for more than one half of your tax year of a qualifying person.
If you are married, you and your spouse may file a joint return or separate returns. If your spouse died and you did not remarry in the year that your spouse died, you may still file a joint return for that year. This is the last year for which you may file a joint return with that spouse.
The way I read this, you can't file head of household if you are married and your spouse lived in the house for the last 6 months. If you ARE married and file head of household, your spouse shouldn't have lived with you in the last 6 months, you are taking care of more than 50% of the household, AND, there is ANOTHER dependent (a child or other person that you are more than 50% financially responsible for).
If you are married, and can prove that your spouse hasn't lived with you in the past 6 months (seperated, but not legally...spouse works/lives in another city 6 months out of the year) AND you have another dependent, then you can claim head of household. |
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chatsplas
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IF they lived together, then they are mistaken or committing fraud--guess what the IRS chooses? When you're married, and lived together most of the year, you file MJF or MFS, and if the latter, you're not eligible for many credits, such as EIC.
IRS has fraud hotline and forms to file reporting fraud at irs.gov |
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MJL613
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You can look up information on line regarding earned income credit. If you file jointly, but only one of you work full-time and your combined income falls under the cutoff for income, I think it is okay, but you really should check the website or speak with a CPA. If you file for EIC under false pretenses, be prepared to get audited. The IRS does not play nice when people try to get out of paying taxes. Be smart and do your homework. |
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