 How many of you did not receive the stimulus checks from the gov. because you owed on a student loan? |
| I was really curious about this one! How many of you heard them say "we don't want people to use this for their bills we want them to go out and use it in the stores and stimulate the ... |
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 When you loose children and claim them on your taxes...? |
| in 06 I had a baby and she passed a month later in 06 when I claimed her on my taxes I thought that I got about $1,000 for having a child and close to $1,000 for her passing away. Now I had the same ... |
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 Two jobs what happens about the tax? |
| Im in full time employment but i want to get a second Job with an agency they told me i have to pay emergency tax permanently is this true?... |
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 I just started working as an independent contractor/sole proprietor and buy my own health insurance.? |
| It is my understanding that I may be able to include the cost of the insurance as a business expense if I pay for it as part of my business. I have not incorporated or anything like that--I just ... |
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 Can the IRS take your house away if your living in it? |
| Is there anything they can't take or do? I have a friend you had a contract job and they only took out state and she didn't know that. Now she's in debt for 6k. Do they look at your ... |
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 Where can I complain about a store that I know doesnt pay tax? |
| I know of a store manager that doesnt pay tax. how do I complain to the IRS and get him busted?... |
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 Is the day coming when the Government just allows us pocket money? (UK)? |
So much income goes in tax and overheads it could be easier for them to take the lot and give us our spending money!!
It's very dispiriting to pay direct and indirect taxes on so many ... |
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 Unpaid council tax? |
| about 5 years ago I lost my job and moved out from my flat into a friends place, it has just occoured to me that I had some council tax to pay but moved out beofore I paid it. I looked at the council&... |
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 Will the IRS come after a spouse money when the other spouse has not filed taxes? |
| My little sister married a real loser last year. The guy has not really worked steady and now to make matters worse she just found out he has not filed in three years. Will the IRS garnish her wages? ... |
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 I had filed my tax return of 2005 myself through electrinically but there is mistake . what can i do now? |
| i had filed my last year tax return but i do not know why its mistake. there is 0.00 in my income and actually there should be some amount. what can i do in this situation . IS it consider as fail to ... |
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 What does the tax delay really mean? |
| I heard that there is going to be a tax delay in refunds this year. The article said this mainly will effect early filers. Does this mean that people that file in mid Feb (like myself) will be ... |
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 Stimulus check....? |
| Okay so I've heard a bunch of rumors. According to the easy access information out there, we're supposed to be getting our check direct deposit just like our tax refund. No later than May 9... |
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 I do avon do I need to pay tax ? |
| Hi I am an avon rep but I was told I dont earn enough to pay tax, is this right, I only get around 60 pound a month and sometimes less. Also as I am only getting this amount a month, is there ... |
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 I am a home based worker, can I claim back any tax for lighting, heating expenses etc? |
| I am a home based worker for a large company, however there is no office to work from within 2 hours. Therefore I have to work from home and one of my rooms at home is used as an office. During the ... |
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 It is unconstitutional for the government to tax your wages (income tax)? |
| The government ratified amendment 16 in 1913 for the sole purpose of taxing corporations on the privilege of doing business in corporate form. -- http://caselaw.lp.findla... |
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 How long should it take before I get my tax refund/economic stimulus check? |
| I filed my taxes on the 3rd of April. How long does it normally take for the check to get to me?... |
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 Refund date changed from 1/25 to 2/12?? |
| Hi there, let me start off saying I AM NOT AFFECTED BY AMT..with that said, my tax return is really simple..this morning I went to the wheres my refund page and it said to call in error code 9001. I ... |
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kevhookway | What is a tax return? |
i dont understand any of the tax laws. except i have paid it and would like some back if im intitled to it. can some one explain how it all works for a employed worker like me. |
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dave t
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You shouldnt get a tax return as an employee unless you are also registered as self employed or a company director or paying the higher rate of tax....
Its not something that can be explained in an answer...! |
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clara
 |
There is no short answer to your question. Your individual circumstances will allways dictate the amount of tax that you have to pay. What is more, you will only be required to complete a Return annually if you fulfill certain specific criteria, not all of which are mentioned in the replies you have received to date.
As you are an employee you can usually expect the right amount of tax to be automatically deducted from your earnings by your employer under PAYE. That said things can go wrong, for example if you receive taxable benefits like use of a car for private purposes. It is usual for the tax due in connection with such benefits to be collected by means of an adjustment in your coding. However, if the benefits change for some reason, for example if you change jobs and the benefits cease, HM Revenue and Customs would need to alter the benefits included in your code to reflect the changes. that have taken place. If they fail to do that, and remember there is a legal responsibility for all taxpayer's to keep them informed of any changes affecting their tax affairs, there is a possibility that too much tax will be paid.
However, this is only one example of where things can go wrong and if your coding includes an adjustment of any kind always check that the right amount has been included in the code at the end of each year when final details of your income and outgoings are known.
And at the end of the day you will find that HM Revenue and Customs will always be more than happy to check that your tax affairs are in order if there is anything you are unsure about or do not understand. |
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sonfai81
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I got mine in last week. They're complicated and annoyingly long. I don't understand them much either but you have to use the information booklet and have a stab anyway |
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Marky
 |
If you are employed and on PAYE (as in your employer pays your tax for you), then speak to your HR, or ring up your local tax office and they will help you. |
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suerye
 |
You are only entitled to a tax refund if you have had too much tax deducted under PAYE, ie if you have been on the wrong tax code. Easiest thing to do is to call in at your local tax office and ask them to check your tax liability for the past 6 yrs - get them to explain how it is all worked out as well - this will put your mind at rest, and it's what they are there for!
Remeber though - its always better for you to owe the taxman than for the taxman to owe you. |
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David T
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If you are employed then your tax is calculated under the Pay As You Earn scheme (PAYE) by your employer. You should be issued with a payslip everytime your employer pays you and on it will have the amount of tax and National Insurance contributions that your employer has deducted.
At the end of each tax year your employer should also give you a P60 which tells you how much tax and NI you have paid throughout the year.
So basically there is very little that you have to do, and it is your employer that pays the Revenue on your behalf.
For those people who are not in a PAYE scheme, and directors of limited companies they have to complete a self assessment tax return, this tells the Revenue how much income they have received through out the year, and from that the amount of tax and NI contributions they have to pay.
The assessment is done on all income, which not only includes things like payment for jobs done, but also things like what dividends a director has drawn from a company, and is as others have said quite complicated. But help is at hand at any tax office free of charge.
As you are an employee of a company you have already paid, and as I said before you have very little to worry about.
If you have concerns about how much tax you are paying, go to your local tax office as fengirl has said. |
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ulanzi
 |
Tax return is: "the form that the government requires a taxpayer to file with the appropriate official by a designated date to disclose and detail income subject to taxation and eligibility for deductions and exemptions, along with a remittance of the tax due or a claim for a refund of taxes that were overpaid" according to Legal encyclopedia.
Tax refund are the amounts paid back by the Taxation agency for overwithholding tax, over estimating income, credits, exemptions etc.
You only get a refund if you file a Tax return (SA100-UK/1040-USA), assuming the above ! |
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MrFinance
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There are a number of reasons why you might be due a rebate:
+ Earning less than 5235 pounds in a tax year
+ Travelling abroad.
+ Working part time
+ Only working part of a tax year
+ Changing jobs through the year
+ Paying emergency tax
You can either apply to the Inland Revenue which can be a bit time consuming, as they tend to throw you from pillar to post with forms and applications to fill in.
Alternatively you can use a service such as:
http://www.TAXFIX.co.uk
....who will get your tax back for you. Generally using a company will be quicker and you will probably get more. I know that http://www.TAXFIX.co.uk operate on a no rebate no fee basis so you don't need to worry. |
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