Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 I'm a nanny. My employer does not take taxes out of my check? Will I be held responsible or her?
Also, what should I do when I file my taxes?...


 If a daughter pays her mother $20 a day to watch her two young children while she goes to school?
My question is, does the mother have to report the income on her taxes?...


 Is everyone getting the tax rebate?
my parents don't think they are getting anything ...


 Would you claim somebody else's child as your dependant if the parent let you?
...


 Will the flat tax leave us flat broke?
...


 Okay, how long should it take for this check to get here?
My rebate check was mailed out on Friday. It's been 5 days. I thought it would AT least be here by today. The IRS website says expect it 3-5 days after it's mailed. Today is day 5 and I ...


 I did not file my taxes for the past two years, how should I correct that ?
...


 Since the kiranawallas and the vegetable retail shopowners do not pay taxes why we should support them?
The kiranawallas and the roadside vegetable and eatable vendors do not pay taxes which is a big revenue leakage for the govt. The big retail chains will give employment, pay taxes to the govt. ...


 Why do our taxes pay fof puplic access tv when no one watches it?
i can honestly say that i dont know anyone that watches puplic access tv so why does the government make us pay for it
Additional Details
i meant to say "for" instead of "...


 We bought a house last spring. How does it affect out income tax return?
I have heard from some sources that we will have to pay, but have heard from others that we will get a return. We both claim '0' and both had an extra $5 taken out of each check for federal....


 Do I have to pay tax on sales from a website?
Im looking into making a website that will take in less than $10,000 a year in sales. Do I have to pay tax on the items I sell? and if so how much and how to I register?...


 I want to know about VAT?
...


 How much income tax do i have to pay?
I am 18 male living in California and i work at a sushi restaurant making minimum wage maybe like 400 dollars a ...


 I haven't filed my taxes the last 2 years, am I in trouble? I know they owe me a refund!?
...


 I'm 22 yr's old. And I have never done my tax returns in my life. I was wondering of there was anyway I could.
So what do I do to collect for lost time? How do I get whats owed to me from all those missed years?...


 If I take PAN card is it necessary to file IT returns every year even if I do not have Taxable income?
...


 Can my ex boygriend claim my daughter on his income taxes?
He told me that every other year he is able to. I am going to school right now, and don't have income, so he did supply some income for me through child support but I did work for a bit at the ...


 How long does it to get ur rebate check from the IRS ?
...


 Will i get that extra tax refund?
I FILED MY TAXES LAST YEAR AND THIS YEAR BUT CHILD SUPPORT TOOK MY MONEY WILL THEY TAKE THIS EXTRA TAX REFUND I GET FOR FILEING THIS YEAR I KNOW I STILL OWE BACK CHILD SUPPORT...


 I live in kentucky my employer is in ohio will i still get the minimum wage for july of 6.55 hour? thanks.?
...



Rebecca G
Why do we owe on our federal taxes?
We claim 0, filed jointly as married, have no kids, don't own property. We even had extra deducted off of each check. A friend with similar filing staus gets a $1200 refund. What gives?
                     
 




Blaven!
How did you do your taxes? Do you have an accountant? A good accountant is well worth the money as they will find deductions overlooked by others. At a minimum they should be asking about:
- medical expenses
- charitable donations
- mortgage payments
- student loan payments


Raymond C
A couple of possibilities here. Maybe they contribute more to their IRA. Maybe and maybe they are taking allowances that they are not entitled to. Maybe they make less than you but aren't telling you. Maybe they had medical expenses. Maybe they're using the long form and itemizing? Hope that helped


rtfm
Rating
If you don't have kids, you don't get any extra exemptions. If you don't own property, you don't get to deduct any of the taxes or interest payments that property owners can deduct. Net result is, you pay a larger percentage of your income to the IRS than many families do.

Your friend must have something different about their situation to explain the difference. Unless you know every single detail about their financial life (many medical bills? contributions to a retirement fund or FSA? supporting a relative? paying back student loans?), it's hard to compare one person's tax return with another's.


kja63
Rating
No kids, no property = no deductions.

You need to find some tax write-offs or you will always be paying. Talk to your accountant.


Ali
Your employer probably still did not deduct enough. Its happened to me and my husband the last four years. Even with the extra deduction from our paychecks we have owed. The best solution is to try and project what you will make for the year in January, look up the tax bracket for that salary level and calculate what type of extra deduction you will need withheld from your paycheck. Overestimate so that you get a refund at the end of next year.


Bonbon29
It depends on how much you make a year total, and how much you have taken out. If you have your taxes done at the same place every year they have your records. Ask them to review your tax returns and give you an idea how much to have held out so that you won't owe or get at least a small refund. If you do them yourselves, it would be worth it to pay to have it done at least once so you can ask the tax preparer questions. Good luck.


tom4bucs
to little information to give qualified response

the first income tax was on income - not trading hours for dollars - known as salary

so let's have another TEA PARTY and get rid of the I R S


V(^_^')V
you're friend probably got creative in itemizing (just i like did it).

let's have a tea party :)


Aquadnlung
Rating
Welllllllllllllllllllll, file anyways. You'll get $1600 in May.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.124
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy