 What to do if I know someone cheated badly on their taxes to get a bigger return? |
| I know these two people one of which is paid under the counter and so therefore is not entitled to any kind of tax return but somehow managed to come up with something to be able to get a tax return. ... |
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 Can a 17 year old file their own taxes even if they are someone's dependent? |
| My younger sister is 17 and had worked for the last 3 months of 2006. She will be starting college in the fall and needs to start applying for financial aid for the 2007-2008 school year. She lives ... |
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 Employer JUST gave us the 1099 on April 3rd....can I turn him into the IRS? |
| My husband was just given his 1099, we had been asking for it since the middle of Feb. from the employer. Then when we got it there was 10K more reported than actually earn wages earned........the ... |
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 After typing in wife's W-2s, the refund amount lowered. What should I do? |
| It was first time for me to file jointly and didn't know that I had to type in her W-2s. I used TurboTax to e-file the return, and received the refund. Later I found out I had to put in her ... |
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 What is your gross yearly income, and what is your age? |
Also, are you a high school graduate, college graduate, doctor, etc.?
Additional Details
What level of education have you attained?
I am 21...high school graduate, some ... |
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 Should i claim incapacity benefit? |
| I left work due to bullying and am now on income support. I am finding it hard to make ends meet and really need to get back to work. The effects of the bullying, however, have hit me hard and i ... |
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 Income tax?? |
| ok this will be my first time doing my income taxes and im pregnant my baby is due on feb 10th can i file after hes born and add him as a dependent??... |
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 Tax rebate amount wrong?? why?? |
| Myself and my husband filed a joint return, we had 4 children at the time. (we just had our fifth last month) 2 of which are my husbands from a previous marriage, she claims one and he claims one. ... |
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 How can I save my Taxes. ? |
I am single, hv no dependant and just relocated to Missori, US.
I am staying with my friends in Kansas City MO.
Still confused with US tax rules. Dont know what is IRS, moving expenses and ... |
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 Tax Refund Direct Deposit Question....? |
| Our taxes were accepted electronically the morning of February 2nd. The IRS site said that we'd receive it by the 20th. Possibility of it being deposited sooner?... |
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 Have you already recieved your Stimulous Package Refund check? |
was it for the amount you were expecting? More or less?
(I've been hearing some stories that people aren't getting what they were originally told)
Additional Details
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 My parents gifted me $24,000, now they want it back. Can I return the money with no tax consequences? |
| My parents gifted me $24,000 ($12,000 / each) to help me buy my first house. I recently sold the house after just over a year of ownership because plans in my life have changed. My parents are asking ... |
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 What is the tax law? |
| After nearly 5 whole generations of people, in the USA have been conditioned to pay income taxes, can ANYONE, anyone at all, show, in the federal lawbooks, where I or anyone else MUST pay an income ... |
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wonderer | Why do I owe SO MUCH money? |
I make $37,000 yr with a taxable interest income of $1,033. In previous years, I earned slightly more but got a refund. This year, I owe the Fed $214 and State $600+! What am I doing wrong??? |
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JediMaster
 |
on your W-4 claim 0 for dependents. You might want to consult with a tax adviser. |
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Brian J
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On the Fed side, it looks like you're doing things very, very right!!!
For a full year's worth of withholding, you came within $214 of the exact amount of withholding that you should have. (That's almost as good as I did. I only owed the IRS an additional $180 this year. I consider that almost perfection!!)
These people who try to get you a big refund at the end of the year are all wrong. All that means is that you'll be giving the IRS way too much out of each paycheck. So, all the IRS is doing is paying you back your own money in a big refund. That doesn't make any sense to do!!!!!
You should be trying to pay the IRS only as much as you're legally liable for. Coming within $214 of that amount is very, very good. |
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Ryan M
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Without have your tax return for 2006 and 2007 in front of me, it is impossible to say. Did you change the number of exemptions on your W4? I would redo BOTH your 2006 and 2007 returns and see if you get the same amounts. Double check and see how much was taken out in taxes during the year from your paycheck. Those would be the first things I would look at. |
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Suzy
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It is difficult to determine with the information you gave. It all depends on your tax bracket, withholding amount, and your deductions. |
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DJ
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Compare your 2006 and 2007 tax returns line by line and see where the differences are...
Was something forgotten? Did your deductions go up or down? Did you switch programs or preparers? Did your withholding change? Did you lose a kid because they grew up? Did you have two jobs at the same time?
You really can't say why the increase happened without looking at the exact figures from both years -
I find that as a general trend, wages are staying the same and refunds are getting smaller. |
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chatsplas
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Change your W-4 to 0. W-2 is year-end report while W-4 controls withholding. Contribute to your company 401k.
That's not bad, you don't owe too much federal. If your W-4 is already at 0, have an extra $5 taken out per week for federal and double that for state, modifying your W-4.
Not enough info to be positive: filing status, W-4 allowances claimed, retirement contributions, etc. But I'd compare returns from both years, particularly state to see the differences. |
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bostonianinmo
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I'd wager that you're claiming 2 withholding allowances on your Form W-4 at work. With that interest income that would just about explain your tax bill to the penny.
Drop your Federal withholding allowance number by 1 and your state by at least 2. Or ask your employer to withhold an extra $5 per week for Federal income tax and $13 per week in State income tax. Either stragegy should even you out next year at filing time and leave you with a small refund. |
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Dave M
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Nothing. States often have a minimum % that you have to pay. This year, Fed taxes were lowered. So it makes state taxes seem higher. |
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Tin Can
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didn't you know are tax system rewards laziness and punishes hard work |
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