Taxes - January 2007

Hi Everyone,

I'm thinking of babysitting my niece 5 days a week. My brother has offered to compensate me. Our questions are: 1) Do i need to declare the income when tax time comes around? 2) Do they need to declare themselves as my "employer" in order to get a tax credit for child care (does such a credit exist?)? We've looked at the paperwork for them to be my employer, and it looks so confusing. 3) Is there anyting else we should be thinking about regarding declaring income, tax credits, etc?

Thanks!

2007-01-08 06:38:14 · 7 answers · asked by CatTech 3 in United States

one couple no children under 20

2007-01-08 06:32:22 · 13 answers · asked by Anonymous in United Kingdom

we get about 5000 on our tax return... we have one daughter(so we get 1 child tax credit)who is 18 months old, and another due in may...last year we didnt need to think too hard because we spent some on her and then put a down payment on a new car.... this year....we want to put some in the savings, and have some to spend on ourselves....well my hubby wants to put 4000 away in savings and split the other 1000 up between us... 300 for him, 300 for me 200 for our daughter and 200 on the one due in may... now i want to put 3000 in the savings and split 1000 up between me, our daughter, and my hubby (a little over 300 each...)and use the other 1000 to get everything we need for the one due in may.... (cradle, swing, clothes,blankets, bouncy seat, carseat, bottles, stock up on some diapers....stuff that we need for the newborn when it gets here... we havent bought ANYTHING and im due in 4 months....)

Any ideas on how to come to a compromise, or other ideas on how we should do it....

2007-01-08 06:24:11 · 8 answers · asked by ashleyhaddon 3 in United States

i started school in dicember can i cliam as a student?
+10 to the best answer!!!

2007-01-08 06:23:54 · 2 answers · asked by theblueyoshi 2 in United States

I purchased a laptop from Dell last year with my Dell Preferred credit card. I would like to write the laptop off on my taxes, because I am a part-time graduate student that take classes online. Could I claim it on my taxes if I purchased it with a credit card?

2007-01-08 05:52:28 · 6 answers · asked by ? 2 in United States

I am an independant contractor, i am a hair stylist and pay rent for my station and buy all of my own products, this is the first year i haven't been an employee and i am not real sure if i am suppossed to file seperately from myself as a business or do i file them together?

2007-01-08 05:29:09 · 4 answers · asked by pooh bear 4 in United States

I'm itemizing taxes this year for the first time. I'm looking for examples like...contributions to the church (tithing)...things that I normaly wouldn't think of. I'm married - 3 kids (in private school)own a home, no other unusual circumstances. Not self employeed and all income is salary/commissions (W2).

Thanks...Rob

2007-01-08 05:25:32 · 3 answers · asked by rob d 2 in United States

Last year when I did my 2005 taxes the agent asked me if I paid for the expenses of another person and I told her no, because at the time I wasn't. but for '06 My income has supported the both of us, and i'm curious how does it work exactly, Can you claim someone as a dependant for one year? (since my boyfriend will have a job in '07. )

2007-01-08 04:57:27 · 13 answers · asked by myfianceisamonkey 3 in United States

Do you have to have any licenses or anything or can you just charge them for your assistance?

2007-01-08 04:51:21 · 2 answers · asked by SmoothePlaya 1 in United States

Does anyone know when we begin to file taxes?

2007-01-08 04:41:46 · 5 answers · asked by JmJ 1 in United States

And isn't it so much per child, also I only work part time so no fed taxes were taken out, will I still get a refund?

2007-01-08 04:41:14 · 11 answers · asked by peterpan123 3 in United States

Are you able to claim the amount you pay in interest for your auto loan on your taxes? like you do with a home loan?

2007-01-08 04:36:39 · 4 answers · asked by Nicole 1 in United States

2007-01-08 04:23:14 · 3 answers · asked by juliebean 1 in United States

My daughter works for a large corporation as a rep on a PAYE basis. She drives her own car and does in excess of 20k per year. Her company pays for the fuel and gives her an annual car allowance of £5400 but she has to pay 40% tax on that. because of the mileage she does, the car is depreciating very fast and repair bills and servicing costs are very high. Can she enter any of these as a professional cost against her earnings?

2007-01-08 04:08:29 · 7 answers · asked by Anonymous in United Kingdom

I will be moving to Texas in the next 3 weeks to go work, don't know how long I will be there. Will I have to pay Oklahoma on the money I make in Texas since Oklahoma has state tax and Texas doesn't???
P.S. I own property here in Oklahoma too. I don't think its fair if I have to pay tax on money I make in a different state...

2007-01-08 03:58:13 · 9 answers · asked by Sweet Honey 4 in United States

me and my old employer hate each other. and i know that she will keep my w-2 form not send it off to me . i have seen her do it to other people. i know that she has to jan 31,2007 but i wanted to know if i could get the form from the IRS alfter that date.

2007-01-08 03:45:38 · 6 answers · asked by missie 1 in United States

2007-01-08 03:09:03 · 13 answers · asked by Chris G 2 in United States

I have just been married a year and I have a 4 month old son. Should my husband and I start to file our taxes jointly or should we continue filing individually. Which way will get us more money?

2007-01-08 02:41:44 · 4 answers · asked by Crash 4 in United States

2007-01-08 02:35:36 · 3 answers · asked by Mike_nyc 1 in United States

2007-01-08 02:28:48 · 5 answers · asked by Anonymous in United States

2007-01-08 01:52:55 · 4 answers · asked by nancy_boricua 1 in United States

I moved from Ohio to Florida lived in FL for almost 6yrs. then moved to Missouri. Lived in MO for 4yrs at which time I bought a house. I then started getting (by mail) letters from OH that I owed taxes for not filing a return. Now I'm getting phone calls from laywers collecting for the state of Ohio. Since FL does not have a state tax I e-stored my federal returns but did not keep my state since there was no need. I have searched to try and find the answer without any luck, unless I want to pay $100. How do I defend myself? Many thanks for a point in the right direction.

2007-01-08 01:49:00 · 6 answers · asked by Rick M 1 in United States

Look like it to me!
http://money.aol.co.uk/mortgages/home-improvements-risk-higher-council-tax/article/20070108054609990001

2007-01-08 01:08:15 · 4 answers · asked by Sir Sidney Snot 6 in United Kingdom

Will I need the w2 forms from all 5 of the employers I have made no less than $1,000.00 U.S. FUNDS from each job. ISo will I be at a greater risk of being audited? And if the tax stuff is mailed to me and gets lost in the mail how would I go about filing the return despite the missing information (my paycheck stubs are A.W.O.L.).

2007-01-08 00:45:08 · 4 answers · asked by demonicunicorn 4 in United States

2007-01-08 00:13:17 · 7 answers · asked by Paul H 1 in United Kingdom

I amended my tax return to remove my son, and allow my husband to claim him. I did my taxes before consuling my husband & it turned out he would have gotten the bigger return. However, despite me amending mine he was not allowed to claim our son. We went through a lot of mess only to still be denied because of the "lack of evidence" showing that he was the primary financial provider. Long story ... I lost my tax return in the process. What can I do now? We are his parents, one of us should be allowed to claim him on that return & if not my husband than it should be me.

2007-01-08 00:08:22 · 7 answers · asked by Kelli McCoy 2 in United States

my fiance wants to know if he can claim me on his income tax we have been together 3 yrs now an also i draw social security income

2007-01-07 23:31:38 · 10 answers · asked by D S 1 in United States

2007-01-07 23:05:11 · 4 answers · asked by redbloodshoteyes_1979 2 in United States

Does he need a cancelled check or receipt to declare this on his taxes? If he does. Then do I have to pay self emploment tax on this cash?

2007-01-07 22:46:10 · 8 answers · asked by Bat 1 in United States

I went from being an Ohio resident to Texas resident in Oct 06 do i just need to file with both states? I would think so. Ohio taxes where as Texas does not. I usually do my taxes my self but wasnt sure about this one any help would be great!

2007-01-07 21:57:09 · 5 answers · asked by Almost beautiful 1 in United States