| United States Taxes |
| Pay Check!!!!!? |
7.65% is your Social Security tax. You'll never get any of that back.
Did he give you a pay stub that showed your wages? If he did and paid you in cash, that's OK. However if he did... |
| My relatives outside of U.S. want to wire some money to me. Do I need to pay "income" tax on the wired amount? |
No, assuming that this is a bona-fide gift. Gifts are never taxable to the recipient, even when the source is foreign.
If your relatives are US citizens or residents they may have to file a Gif... |
| Suppose all tax was replaced by lottery? State or Federal? Stupid? |
Bad idea. In my state, California, the lottery prize pool is 50% of ticket sales. Let's presume the national lottery would do the same. Everybody would have to spend 15 to 30% of their incom... |
| Is tax evasion even possible? |
No, it is unavoidable for the reason that everything you pay for is taxed ahead of time. Double or triple tax unless your able to buy at a garage sale. It is not right that you buy land and then ar... |
| Childcare tax? |
If she is a babysitter. You would need a 1099. She would be an indemendent contractor and she would not pay taxes right away, but at the end of the year.
If you want to take takes out of her ch... |
| Can i claim my fiance when i do my taxes this yr i have provided for all his cost for the year.he lives w/me.? |
When you file as single, you *might* be able to claim him if you meet all of the following conditions:
1. He lived with you the ENTIRE year.
2. He's a US citizen/resident.
3. He didn... |
| How does my income tax work out? |
I don't live in New Jersey or New York, but I do live in an area where many people work in one state and live in another. You file state taxes for the state you live in. However, you probabl... |
| Can I give each of my children a gift of money each year that is tax exempt? |
Yes you can. You can give each child, spouse, and grandchild up to $12,000 this year withour paying gift tax. The gift will be deducted from your $1 million estate tax exclusion though. ... |
| How do i get a printed copy of my income this year? |
A printed copy of your income tax this year? are you needing a copy of your tax return you filed for the year ending December 31, 2006, or are you needing a copy of the tax return you will be filin... |
| New Job, First Paycheck, Taxes & SS will have me bankrupt? |
To reduce the taxes withheld from your paycheck, you can increase your W-4 allowances. To come close to breaking even for the year, claim one allowance for every $3500 in planned deductions for 20... |
| I own an investment property and would like to give it to my son, how do i do it?? |
From a tax perspective, there may not be any immediate tax consequence if you use your lifetime gift tax exclusion to "gift" your son the property. But it is depending on the fair market ... |
| I co-signed for a student loan and i'm paying for it now. can i file it for tax refund? |
Yes, Just be prepared to document the payments. Bank statements or check stubs. ... |
| If 2 coowners of a property are under Prop 13 and one sells to a nonrelative does the assessed value hold? |
A sale of up to 50% of the property would not cause a re-assessment under proposition 13. However, if on a cumulative basis, any more than 50% ever changes hands, then the property is reassessed at... |
| What goods are sold in Iowa? |
Pretty much the same goods that are sold in any other U.S. state ... |
| LLC / Capital Gains / Business Expenses? |
On your Federal return, an LLC is a disregarded entity. You file Schedule C as if you were a Sole Proprietor. The capital gains and losses go on Schedule D as always. Long term gains are taxed a... |
| Refunds at modells? |
Not a tax question. Try elsewhere ... |
| What tax paid by workers is matched by his/her employer? |
Fica ... |
| Whats a current minimum wage in Pennsylvania? When does it go up again and the new rate? |
Current is $7.15 for most non-tipped jobs. It goes to $7.25 on 7/24/2009. See ... |
| Who/what is the single biggest tax payer? |
wal mart gets my vote ... |
| What reporting, forms, etc. are required when hiring a nanny? |
A nanny who works in your home is your employee. Consequently, you must issue a W-2 at the end of the year. You must also withhold Fica taxes, and if if agreed, federal income tax. Publication 1... |
| How do donations get deducted on you taxes? |
A donation of goods does NOT get you a a dollar-for-dollar "credit" on your taxes. II would imagine that you and your hubby will take the standard deduction on your taxes. Let's say ... |
| How to pay 30k in IRS taxes and 4K a month in mortgage? |
The IRS will levy any assets you have, that includes checking and savings accounts, however, they do notify you before they do it. They send many, many letters and certified letters before they do... |
| If 2 people claim a child on income taxes, what happens? |
Hi Tim,
Typically the IRS uses something known as the 'tiebreaker'.
If more than one person files a return claiming the same 'qualifying child' for the tax benefits, the IRS... |
| If we receive an refund from our federal income tax, what does this mean? |
It means you had too much tax withheld from your paycheck, and it is being given back to you. It means you loaned the government your money interest free for a year. Wouldn't it be better if ... |
| I can retire, but want to start working for myself. How much self-generated income do I need to break even? |
If you are consulting, you will pay about twice as much for social security and medicare than you did as an employee. Income tax on the same net amount will be the same. So your taxes will be abo... |
| Can I use my End of year LES as information for my taxes instead of W-2? |
You can use it to start planning, but you cannot file based upon it. You MUST have your W-2s in hand before you can actually file. Your year-end LES doesn't have all of the information neede... |
| Will I get money back with my 2007 tax return? |
You did not mention if your husband has any income. Otherwise, I would agree with everyone else who answered. ... |
| Has anyone on here actually received their Emerald Advance from H&R Block yet? |
They had over 60,000 people try the first day. (all around the country). They have had to split the states up so that they can get it going for people. TN is now set up so they can only do it on... |
| Should I sign the form? |
Legally they have to take the taxes out. I haven't heard of having a form to sign, but they probably just wanted to make sure you knew about it.
This isn't a new law, but it's on... |
| Can you claim your internet service on your income taxes as an educational expense? |
If you used it EXCLUSIVELY for that then yes. Unfortunately you don't so you can't.
Sorry. ... |
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