 Tax return for multiple jobs? |
| Hi, I changed jobs in the year 2006. So Do I have to file 2 separate tax returns for my two employers? If yes, Can I claim a standard deduction on one tax return and a itemized deduction on the other?... |
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 Why is council tax so expensive? |
Additional Details
parks are falling to bits, roads have potholes, schools are getting worse. Librarys why bother... Police, where are they when you need ... |
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 Can I still file for my tax refund from '05? |
| Long story short, the s%%%ty business I worked for never sent me a duplicate w2. I tried endlessly for 6 months and they don't return phone calls--if they did it would be considered "their ... |
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 Can I claim stepchildren? |
| My wife and I seperated last May and I wondered if I could claim them? She was not woking and I gave her bill money for the month of June.... |
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 My son owes the tax man and is too worried to contact them - what to do? |
| He has paid his usual 18% on CIS each year but the balance owed has been left outstanding for a couple of years now - he is extremely worried about what to say to them and what they could possibly do.... |
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 If my employer sched me 2 work 12 hrs on a holiday r they required 2 pay 12 hrs holiday pay or only 8 ? |
| i am a nurse at a non-union hospital. my schedule requires me to work 12 hrs. holiday pay is double time and a half. they only pay at that rate for an 8 hr shift, the remaining 4 hrs worked on a ... |
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 Work-related tax deductions? |
| if i purchased work equipment on credit, at what point can i claim the deduction for my taxes? based on purchase date or payoff date? also, i have been told that a stolen automobile is deductible. is ... |
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 Is it legal for a person to state in their will that taxes expense, bill etc be paid before assets distributed |
I am named executor and will states assets divided on a percentage basis after taxes etc paid.
One heir, a registered charity, claims they should get their percentage share before taxes. I know ... |
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 W-2 taxes..plz help? |
| I am a student with a pell grant. I work at a small family owned business. Whatever money we make, I am paid with. I live with my husband and his sister and we share our money from our pay at the ... |
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 What can I do about someone else claiming my son on their taxes? |
| My son only lived with my mother for 3 weeks before December 31 2007. She did not support him at all in 2007. She claimed him along with my step father on their taxes and recieved $2000.00. What can I... |
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 What is limit of money for income tax in fix deposit? |
| how many amount we can deposite in the fix deposit for tax ... |
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 How much charity can be written off on taxes? |
Is there a maximum set amount for everyone or is a percentage or are there different amounts for different tax brackets?
Serious answers only please, and if you have a link to back it up, ... |
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 Is there any way to claim my boyfriend on my taxes if he has not worked all year? |
| My boyfriend and I have been living together for about a year now and he has not been working. Is there any way to claim him on my taxes. I know this is often a hard subject to deal with tax wise ... |
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 Does anyone know what to file if your husband is in prison on your taxes? |
| MY HUSBAND HAS BEEN IN PRISON SINCE THE END OF JANUARY, USUALLY I WOULD FILE JOINT BUT NOW I'M NOT SURE, DO I FILE SINGLE OR MARRIED????... |
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Big Philly | Why is keeping your receipts so important especially being an independant contractor? |
I understand it's for tax write-offs, but what do I do concerning the receipts? |
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nativeAZ
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For taxes if you are audited, also in case you get sued or have to sue someone for payment you can prove what you did and purchased. Just get a file cabinet or file organizer and put them in by month or category, whichever you find easier. I bundle them up at the end of each year and put in storage for 7-years. |
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lizzit
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The logic is regarding backing up your deduction if you are audited. Say you spend $1000 on tools. If you can't prove it to an IRS agent, they will take that deduction away from you. You will then pay back tax on the $1000, back self-employment taxes, interest, and possibly penalties as well.
Get a shoebox or a kitchen drawer and stuff your receipts in throughout the year. Sort them at the end of the year when you do your taxes. You'll then know exactly what you spent and be able to survive any audit. |
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john_reclude
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You get a nice tax break that may add up to a hefty refund..........if you do your taxes yourself you can include the reciepts when you file. You enter the total on line 20 of Schedule A, and fill out form #4562 (Depreciation and Amortization), and either form 2106 or form 2106-EZ. I hope this helps :) |
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infernal_seamonkey
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Proof for the write offs |
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Dan821
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Tax audit....
Also, if you decide to expand the business, it shows the lender how you have been doing! |
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RAVEN
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uuhh.. Trust me dude.. the IRS don't fool around. If they see one tiny discrepancy in your tax files, they will audit you in a heartbeat. That means you have to account for every cent you've made and where it has gone! Sux big time!
Save them ALL, organize them, file 'em!! |
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acmeraven
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You cannot remember everything you buy for your business so you need your receipts and cancelled checks to fill out your ledger sheet showing various type expenses; so you can fill out your Federal Sch C showing how much you make or lose in each tax year. The receipts are proof that you actually had the expeses. Guard them with your life as without them you have no proof unless you want to spend a lot of time backtracking and getting duplicates. An old adage for you; "Do it right or do it over". |
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boston857
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In the event of an audit, those receipts can be your saving grace.... |
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krissy
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keep them in files, and separate them for each job, or write on the back which job they came from. IT is for audits, but also for your customers if they question your pricing. If you ever get dragged into court because someone says you ripped them off, you will want them. |
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