United States - March 2007

I am a dependent. someone told me i will get taxed only if i make more than 6k is that right?

2007-03-11 12:25:56 · 7 answers · asked by Anonymous

i just started a job which i like alot except they dont take out taxes. i didnt fill out any forms or anything other then the original application. its a small bussiness and the owner says he is paying me as a contractor and i have to fill out a 1099. i dont know anything about this so maybe someone has an idea what i can/cant do. when they pay me they give me a photocopy of my time sheet and a check. what do i need to file for taxes? are they trying to pay me under the table?

2007-03-11 11:58:54 · 7 answers · asked by josh 1

Doing my taxes this year, I realized I didnt file taxes in the year 2002. I owed about $300 and Im kinda worried about it. I make under $25,000 and usually get a refund. What should I do? Should I just file it and send payment and hope they forget about it? I dont want to pay alot of interest and stuff. Should I let it go and hope they never notice? Help, I dont want the IRS at my door.

2007-03-11 11:40:37 · 4 answers · asked by Anonymous

I used to work for a real estate company last year and they have since closed down. I've been waiting for my W-2's and they have never came. I contacted the IRS and they told me to contact my old business owner so I called her a couple of weeks ago and she said that she doesn't have money to pay someone to get them together so I'm pretty much screwed. I must have my W-2's to file my taxes otherwise I'll get in trouble with the IRS and I have to figure it out before the end of April. Any suggestions?

2007-03-11 11:37:10 · 6 answers · asked by lizzianne1104 1

My employer's local office never updated my address and now my w-2's are incorrect. It may effect my return and my mother's return since I just moved out within the last year and I'm over 21. Will I be able to acquire corrected W-2s?
Any (helpful, logical, honest, experienced) suggestions are greatly appreciated.

2007-03-11 11:30:28 · 4 answers · asked by simplycreative_2115 2

Legal tax shelters,

2007-03-11 11:23:36 · 4 answers · asked by Andrew H 2

I know that interests and dividends are unearned income.

And I know that wages, salaries and tips are earned income.

But what about short term capital gains?

2007-03-11 11:03:38 · 4 answers · asked by RockiesFan 2

personally responsible even if they sell the business. The amount owed is tens of thousands of dollars, which is much more that either of them can come up with. I will be buying the business for next to nothing, so there will not be any money coming from that. How do I avoid the IRS coming after me/my business if the current owners fail to pay up? Could they "go out of business" on a Friday and I "open a new business" on a Monday? I'm just tyring to avoid having to pay their back taxes.

2007-03-11 11:02:41 · 3 answers · asked by NASCAR_Guy 2

According to the IRS Refund Cycle Chart, my direct deposit should be sent on March 16. Will it actually show up in my bank account on that day? Or the day after/before?

2007-03-11 11:02:09 · 2 answers · asked by Anonymous

2007-03-11 10:55:13 · 6 answers · asked by Anonymous

2007-03-11 10:37:51 · 4 answers · asked by Lisa B 1

I got a check for $21 ( I know, exciting) from the taxation department. Does this mean that I don't need to worry about whether the IRS will come after me? Does it mean that they've checked everything and that it's okay? See previous question if you want more details.

Thanks!

2007-03-11 10:17:18 · 3 answers · asked by bones_to_heaven 2

My daughter moved out at 17 to live with her boyfriend, and then by herself to some land her mother owns. I pay her health insurance and in divorce papers have full custody. My daughter told me to claim her on my taxes. I think her mother is committing welfare fraud and using my daughter to get foodstamps. My daughter says that her mother is NOT going to file taxes which I assume is because she technically is claiming to be separated from her husband and does not have enough income. I've already done my daughters taxes, and put down that someone else was claiming her, she got back everything she paid in. If I claim her on my taxes I know the 1040 form asks "how long lived with you". What should I put down? Any input you have on this would be appreciated, as I am totally ignorant in this area, but want to do the right thing.

2007-03-11 09:58:04 · 4 answers · asked by Lance 3

2007-03-11 09:54:29 · 5 answers · asked by pg h 1

I have no assets, no estate etc. I am 21 years old and in college. I made about $6,000 last year. I think my mom filed wrong because she told me she was lazy. I said I would do it myself, but she said that was stupid...

Anyway, I worked several jobs, but I think she didn't file the other ones. Will I get in trouble for this? I think that at tax time, you are either paid, or you need to pay. Right? What determines this.

I feel like I probably won't owe anything, given my age, lack of assets, property etc. Will I still get in trouble?

2007-03-11 09:53:13 · 7 answers · asked by bones_to_heaven 2

We are getting a bonus at my work, a lot of the people are talking about changing there tax status for this check so that they don’t get the entire bonus taken away. They will then change it back to whatever they have for the next check. I understand you can claim up to 10. I currently claim 0. What should I claim to get the most money in my paycheck now? 1 thru 10?

2007-03-11 09:49:11 · 4 answers · asked by Anonymous

i was wondering if my cousin could claim me i do not live with her but she does take care of my clothes, school, and everything else she buys so would she be able to claim me as a dependant on her tax returns?

2007-03-11 09:25:51 · 7 answers · asked by Anonymous

the only form received is 1099int (bank interest) $900 or less and there isn't more income and money to report during the year?

2007-03-11 09:24:32 · 4 answers · asked by Anonymous

I am a full time college student and should soon be employed with UPS as a package handler, I hope. If I file for exempt does that mean that they won't take any taxes out my check? And if so, do I have to pay this money back? Also what exactly does filing for exempt mean?

2007-03-11 09:15:56 · 6 answers · asked by chi_06@sbcglobal.net 2

My in-laws have never, ever filed their taxes-what would happen if the IRS ever found out? Could their be possible prison/jail time?

2007-03-11 09:09:41 · 4 answers · asked by buttrfly0216 1

Don't these fall under finance charges and interest deductions?

2007-03-11 08:48:46 · 3 answers · asked by Anonymous

2007-03-11 08:11:15 · 4 answers · asked by LeroLero 1

In 2006 i switched employers. I realize that in 2006 there is a $15K contribution limit to 401K plans. But i have exceeded this limit by $241. Since i never reached the $15K limit with each employer in that year, the automatic correction by each plan administrator never took place.

So now i am preparing my taxes & i have found that execess contribution. Wondering what is my next step in terms of taxes.

2007-03-11 08:06:09 · 5 answers · asked by gapreet 1

My uncle has passed away and he neglected to pay some 50,000 dollars in back taxes on his business. The children are left with his home that the IRS has levied a lien against. How soon does the IRS come in and take this property for back taxes after the death of the taxpayer? What is the best course of action for his children to take? Paying this loan off for his kids is way over what they can afford. Thank you for any information you can offer.

2007-03-11 07:56:37 · 2 answers · asked by Marie 7

I did my federal and got the money for that but ran out of time to do my state. How do I go about submitting them so I can get the money. Will I owe because they are late?

2007-03-11 07:47:02 · 3 answers · asked by Anonymous

i have just filed online for my first time, it say's i have been accepted by IRS. What does that mean.
How long does it usually take the check, and for what reason may i not recieve it after being told i was accepted..

2007-03-11 07:40:12 · 6 answers · asked by torque_740 1

2007-03-11 07:38:34 · 10 answers · asked by sudheerrm 1

Which form should I use, 1040A 1040EZ or 1040?
I dont have any dependents. Single.

2007-03-11 07:28:31 · 4 answers · asked by Anonymous

If this is true, remember when Oprah gave away all those cars, but some of the people who received them could not keep the cars because they couldn't afford the taxes? Which one is correct?

2007-03-11 07:22:06 · 4 answers · asked by capitalist 2

2007-03-11 07:15:10 · 6 answers · asked by Paul007 2