 Is it smart to blow all your yearly income on luxuries and rely on your income tax returns for serious stuff? |
| My friend decided that he would blow all of his yearly income on luxuries and what ever he wants and then use his income tax returns at the end of the year to buy his truck. I dont believe he is on ... |
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 If you sell stuff on ebay do you have to pay taxes on the money you make? |
Additional Details
Well I was thinking about starting to sell some electronics and stuff on ebay.... |
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 Tax question. I want to bring home more of my paycheck.? |
| Cant I make it to where none comes out nearly all year? Or would I then have a huge bill at tax time? This would be for a single man with no dependants.... |
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 Is the interest on my mortgage a 100% write off? |
| My interest paid this year is $7600 is that a complete write off towards my income tax owed?... |
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 Is the 2008 Tax Rebate Based on 2007 or 2008 Tax Status? |
| My husband died in 2007 and I filed a joint return for 2007. So will I receive only $600.00 for myself, or will I also get an additional $600.00 for him as well.... |
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 If I find $5 on the floor, do I have to report it as income? |
Additional Details
Would YOU report that $5 as income if you found it?... |
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 How can neither my daughter or I be eligible for the tax stimulus? Where does the money go? |
| I claimed my daughter on my 2007 income tax, but didn't receive the child tax credit because she was 18 years old. From what I understand, neither her nor I, will receive a tax stimulus. I won&... |
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 Can both unmarried parents claim their daughter on their tax returns? |
| My fiance and I live together and both provide for our daughter (born in 2005). can we both claim her as a dependent since we both provide for her? Or can still only one of us claim her?... |
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 Can someone claim a child that they have custody of but does not live with them? |
| My son has lived with me for the past 4 years I take care of him with the help of my boyfriend. My mother has custody of him and is trying to claim him on her taxes but has only seen him like 5 times ... |
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| About to start a new job - they dont want my bank details? |
its a medium sized call centre, is it possible they will pay cash? if so how can i make sure they pay tax?
In future if i have another child I want to make sure i can recieve tax credits, ... |
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 I got my first paycheck and the company did not do any tax processing? |
i have 40 hours per week , they gave me 40X(hourly rate) to my paycheck
they did not cut any state or federal tax, will this be a problem for me>???
can i pay the taxes ... |
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 Can I simply take 50% hubby's income as my alimony to file 2007 income tax? |
Since in fact we are separated for years and will divorce in few month.
Additional Details
no lie here, we just agreed between us and not go to court yet. We have paid all tax and didn�... |
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 If someone is making over $250,000 a year, can they donate to charity in order to fall in a lower tax bracket? |
| Let's say someone makes $260,000 a year. Can they donate $10,000 to charity and deduct that in order to fall in the <250000 tax bracket?... |
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daisymae | Why do they still want people to place their SS no. on checks when paying taxes? |
They have all the forms with the number on it. We are told to protect our SS number and yet we are told when doing some business to put it on a bank check that travels to many institutions before it is returned to you. I don't get it. |
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lepr0kan
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It does seem dumb, but in case the check gets separated from the rest of your return they can tell which person the check belongs too, especially since often there are several people with the same name. |
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JFH
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Putting a your Social Security number on your check helps prevent your check from getting lost or credited to the wrong account. After he IRS receives your return, they separate the check from the return and send the check to the bank.
Sometimes the check becomes lost, and may times people have the same name.
If you are uncomfortable with putting your Social Security Number on your check, contact the IRS and ask to apply for a Tax ID number. This may be difficult and lead to confusion in the future.
To protect yourself purchase identity theft protection services. I realize this should not be your obligation, however, it will give you a more secure feeling about your credit and becoming the victim of fraud. |
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Gary
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The reason is because in case your check gets separated from your income tax returns. |
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Judy1
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Put xxx-xx- and then the last four numbers. |
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RB
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Most checks are now just ET (like e mailed) so it is actually destroyed, and only an electronic copy exists. It doesn't clear as it used to (and I don't like this...to easy to have problems). Don't get me started on this!!
But I suppose it is requested because that is how all tax payers are ID'd. |
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Ralph N
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if check gets un atached fron 1040 they can still depoist to your account. |
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Ms. Angel..
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when IRS receives the mail from Taxpayers the mail goes to the mail room and the checks are pulled off and deposit. The tax return or any correspondence you have attached to the checks/or money order are then routed to the appropriate department. So the checks and the return or correspondence are together anymore, with out your SSN the tax examiner or mail clerk do not know whose account to credit. |
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wartz
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It is the same as writing your account number on the check you use to pay your credit card.
If a payment does go astray, there is coding in the endorsement that is used to track it down but it is better to avoid a problem than fix one. |
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zornundox
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like the previous person said...the processor would need to know which account to credit if the check were to be separated from other documentation. It also doesn't hurt to write the tax year and tax form, too. |
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