 Do I have to claim money given me by mother in law to help with bills.? |
| My mother in law moved in with us 2 years ago and has been giving us $200 a month to help with food and bills. Do I have to claim this as income?... |
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 On savings accounts, how much interest do you have to earn in a year to have to pay Capital Gains taxes? |
| For example, say you have $5,000 in a 5% interest savings account. Which would be $250 in interest a year. At what amount do you have to pay capital gains tax?... |
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 Didn't file Taxes in 2008? Where do i go from here? |
| Yeah i didn't file taxes this year. I was 17-18 last year and i didn't work the full year. But i was working full time for awhile only making around minimum wage. So i dont have a clue as ... |
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 What bills do Americans pay? What state are you in? |
In the UK we pay -
*income tax & ntional insurance (directly from our wages/salaries) graduated from 22% up depending on how much you earn.
*stamp duty on property
*council ... |
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 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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 Can an individual open and run two firms or more,in india ? |
| Are there any sales-tax or income tax implications in such cases ?... |
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 Do we need to pay tax for interests earned from accounts in CITIBANK? |
| I was told that we do not need to pay interests for accounts in domestic banks. Not sure about it.... |
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 Home mortgage interest (taxes)? |
| I have had a mortgage since 2004 and I've never had my mortgage interest deducted from my taxes. Is there a way to go back and have '04 through '07 deducted on one return? Or did I ... |
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 Do more taxes come out of overtime hours? |
| I work for a communications company and everyone claims that over-time and double-time hours are taxed at higher rates? I have never taken the time to sit down and run the numbers, so I decided to ... |
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 2008 Stimulus Tax Rebate i need help? |
| what do i do? I filed my tax back in January and had them direct deposited. Well do to recent fraud and Identity theft ( I know right a great way to start a year) my bank account is now closed. how ... |
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 Can you claim an unborn child on your tax return? |
| My mother in law said that her daughter does this and she should know because she has a ton of kids (she is married and Mormon...will pop them out until she can no longer). Don't you have to ... |
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 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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cher | When you hire someone? |
do you have to take out taxes
or can you just say you deal with the taxes?
just woundering how this works ? |
 |
 
mstrobert
|
Yes if you hire someone you need to make sure you have all the proper documentation and all of the proper taxes are paid. There are two other options.
1) W9 form. if someone provides you with this you no taxes are necessary.
2) 1099. you may pay some employees via a 1099. but it should be for services that your company would not normally do. I have tried this several times, and been shut down by our state. |
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Cysteine
 |
They take taxes right out of your paycheck. There are few exceptions such as subcontractors, or per diem work force agencies such as labor finders. |
|
wartz
 |
If you hire an employee, employment taxes is part of the deal. You cannot just agree to do things differently for the convenience of one party or the other. |
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Nicole E
|
If the person takes direction from you they are considered to be an employee. If the person does what you need them to do but you don't have to always give them direction they are considered to be an independent contractor.
If you hire an employee you must withhold taxes and pay employer taxes and issue them a W2 at the end of the year. If you hire a contractor they are issued 1099s and they pay their own taxes.
I am an Accountant, I can talk to you in more detail about your options. |
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Wayne Z
|
It depends. If the work is done at your home on your schedule (ie Nanny, Housekeeper,etc.) , then YES, you have an employee with all the responsibilities that come with it. You must withhold taxes from the employee's pay and pay other taxes like social security, medicare and unemployment. |
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Judy1
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You have to take out the taxes unless their job is that of an independent contractor. You don't just get to decide - it depends on what they are doing for you. For example, if you hire someone to build a garage for you or replace your roof, you don't have to take out taxes, they do. But if you hire someone as a secretary, or to babysit regularly for your kids in your home, then you do have to. |
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stephenweinstein
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If they are your employee, you are required to take out taxes and to pay some taxes yourself as well (and you give them a W-2). If they are an independent contractor and not an employee, then they do all the taxes (and you give them a 1099). |
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Angelkins
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I am pretty sure you have to take out taxes because then they will have to file their taxes and such for right offs or something/. I know i was getting paid cash.. not getting taxes taking out of me, and it was illegal.. so i am pretty sure that you have to take out taxes. |
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