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Income Taxes

Parent Category: Taxes and Tax Preparation
Taxes imposed by the government on the incomes of individuals or organizations, including capital gains
Beneficiary's of what? You need to put far more details for me to  properly answer your question.
No. You cannot deduct lost income when you never claim the actual  income in the first place. You are only taxed on the amount of  taxable income that you received. The reason that Worker's  Compensation pays you at this level is that you are not paying  income taxes, state taxes, social...
If you got a tax refund and received another w2 after you filed,  you will have to file an amendment to your tax return for the year  that the W-2 Form was for in order to correct your return. You may  get an additional refund when you file your amendment or you may  owe additional tax from the...
You have to report this on your 2009 Return. You cannot decide  which year you wish to report income. It must be filed on the  return for the year in which it was withdrawn or in which income  was earned.
If you itemize on your tax return then yes you can file expenses on  your tax return. You can only list the amount that you pay out of  pocket after reimbursement from insurance companies. Also, you must  exceed the threshold of 10% if you are under 65 and 7.5% if you are  65 or older.
Disability Income is taxable if your employer paid the premiums for  the Disability Insurance or if you paid it through a pretax plan.  The best way to know if you have to file the income is if you  receive a Tax form such as a 1099 or a W-2 form showing the amount  then you will have to file...
Safe Harbor is a method of computing your sales tax based upon your  income level. You need to look up the chart number and have the  amount of State and Local Sales tax for your area. The Chart  Numbers are on the IRS website. Just go to irs.gov and search Sales  Tax and it will give you the...
If you are talking about your amount paid with your federal tax  return, the answer is no. You cannot deduct your previous years  federal income tax on your current years tax return. You can deduct  on Schedule A the amount paid on your State income tax return if  you itemize your taxes.
How can you file and receive unemployment from a state that is not  where you reside? The answer is going to depend on what state is  listed on your W-2 form in the state section at the bottom. This  will tell where the income is deemed to be earned. You will need to  file a return for every...
The tax withholding tables vary based on your filing status and the  number of exemptions on your W-4 form that you fill out at your  employer. The tax tables take out very little for part time  employees because their income is small for each pay period. What  they need to do is make sure they...
Absolutely. If you owe any government agency they will put a lien  on your tax refund and it will be taken and applied to your debt.  After this you will receive a letter showing the amount take and to  whom it was sent. You probably will get a letter from the agency  that you owe showing...
No. You only need to file a state return in states where you have earned income as designated on your W-2 form or where you had self-employed income. Now, realize that you cannot recoup real estate taxes but can use them as a deduction on your federal income tax return without regard to which state...
If you were an employee for a business you will receive a W-2 form  no matter what the amount of income that you received. This is  required of them by the IRS.
The amount of withholding is determined by the filing status and  number of exemptions you listed on your most recent W-4 form that  you completed for your employer. There is no flat percentage of  income for withholding.
If SSI is the only income that you and your spouse, if married,  receive then you will not be required to file an income tax return  for the Federal Government.
Absolutely not. Bankruptcy payments are repayments for debts that  you incurred in the past and did not pay. There is no circumstances  where these could be deductible on your income taxes.
Do you mean your Grandchild? If the child lived with you, you  provided over half of his/her support for the year in question, you  meet the relationship test, and the age test, and if no one else  claims the child on their tax return. Only one person can claim any  other person.
Generally if the dependent has gross income of $3,950 or more for  2014, they cannot be claimed as a dependent.
there's no real limit... there're certains games where u can win a  limited amount and others unlimited ones
You must file taxes if you earn the following amounts of income:         Self-employed, any age: $400 Children and Teens classified as a dependent: $5,700 Single, under 65: $9,350 Single, over 65: $10,750 Married, filing jointly, both spouses under 65: $18,700 Married, filing jointly,...
When you file an amended return, just put in the correct numbers  rather than trying to explain on the form. If you want to explain,  include a letter when you send in the amended return.    You deduction is limited to the amount billed or the amount paid by  you. You cannot deduct any...
In 2009 it was shown as a credit instead of as income.
Depends on when your employer decides to send it out, but the deadline is Jan. 31st.
If you itemize your deductions, you pay for your health insurance  yourself with after tax funds, or if you are self employed you may  be able to deduct part or all of it in 2009.
If you are married and filing jointly, yes. If, unfortunately, she passed away during the tax year, there are special rules for that. You are best served by consulting a tax professional regarding that situation.
The answer to this is no. You are referencing an old tax method ofreinvesting profit in order to not report income on a home. Thelaws have changed on sale of a home. The first issue of importanceis was this your primary residence or not. Of it was your primaryresidence and it was never used for...
There is no statute of limitation for unpaid taxes anywhere. It is  a civil debt and not necessarily a criminal charge which is when  you sometimes see statute of limitations. If it came to criminal  charges, it would show as an ongoing conspiracy by not paying the  amount due for the period of...
You cannot find out who claimed you on their taxes. This would  require the IRS to be telling you information on another taxpayer.  I disagree, but I know that they will not give you that  information. What they will do is side with you if the person did  not have a right to claim you and they...
They will probably send you a letter as soon as the refund is  turned over to them. Their letter will show what amount was applied  to your balance and the new balance due if any. If you still owe  them money after this refund is applied them you can bet that they  will take at least part of...
This will completely depend on how you filled out your W-4 form at  your employer as well as the frequency of your pay and how much  each check is for.
Absolutely. It affects her Social Security only.
You will get paid a little more on each pay period. As far as your  tax withholding, the different pay frequency will not make much  difference overall.
If you received unemployment payments, withdrawals from IRA  Accounts, or any other income you will need to file an income tax  return. Did your spouse work during the year? You said you were  unemployed most of the year. You will have a W-2 for the rest of  the year so you will probably need to...
Forgery by definition is illegal. You would need power of attorney to sign for your spouse in most jurisdictions. The fact that you refer to it as forgery implies that it is.
If no one else is claiming them, if they didn't work and earn money  themselves, if you provided them with over half their support for  the tax year, if they live with you for over half the year, and if  they pass the relationship test. Being at school during class times  does not count as...
No. Each year must be filed separately using the correct forms and  tables for the tax years when the income was earned. Adding two  incomes together would probably not be to your advantage anyway.  Either way, you cannot do this as it would cause you a real mess to  fix when the IRS found your...
A lap top for personal use is not deductible. Anything purchased  for personal use is not deductible on your income taxes unless  there is some type of credits or such. That's the only information  you gave me. If you have other uses it may or may not make a  difference.
If a person makes between$60,950 and $61,000, they will pay varying amounts on $61,000 depending on how they are filing their income tax returns. Someone could pay between $4,284 and $3,949 if filing taxes on $61,000.
You can use a 1040 or a 1040A if you are filing Married Filing  Separately.
None. Florida doesn't have State Income taxes and the threshold for  Federal Income taxes is more than $5000 as the Standard Deduction  for a single person for 2014 is $6200.
Avon representatives will have to file a 1040 Form, a Schedule C  for reporting their business income and business expenses, and a  Schedule SE. Their may or may not be more forms required.
You can and should electronically file your taxes every year. The  IRS prefers that you file the return electronically as it greatly  reduces errors, expenses, etc.
Only one person can claim a person. Once a person is claimed as a  dependent, no one lese can claim him. Does your divorce agreement  state who is allowed to claim your son for income tax purposes? If  not, the custodial parent has a higher right to claim the child  than the non-custodial parent...
Your employer's state ID number is not required for you to be able  to electronically file your tax return. If your program insists on  it, you can put the Federal Income Tax ID number for the State ID  number as well.
Sure, if you have a profit on the sale you will have to report it  as well as your basis and the dates purchased and date sold. This  is reported on Schedule D for most people unless you are in the  business of buying and selling property, then it will need to be  reported on Schedule C.
If they have is listed as in default, they will take it and apply  it to catch up your loan payments. I had a couple of people this  year who said theirs was on deferment but they still took the  refund, then others they didn't.
No. Your consequences for the overpayment will be reported and you  will have to file an amendment for the year in which the  overpayment occurred.
  I assume that you mean your W-2's, etc. You can either walk into your local IRS office and they can print you off copies, or you can order them using Form 4506-T and requesting the "Wage and Income Transcripts".   Link below.
Form 1096 is the total form that accompanies all your 1098 forms  federal copies. Box 5 is the total of all the 1098 forms and box 4  is the total of all Federal Income tax withheld on the 1098 forms  if any.
You will not get MY income tax refund amount. And you will not your income tax refund amount until you have completely your 1040 federal income tax return completely and correctly and filed it to the correct IRS address and the IRS has accepted your tax return as you have filed it. You can check...
A companies Federal ID number is just like your social security  number for an individual. You have no reason to ask for this so  they will not give it to you. If you are an employee or payee that  does business with them then you will receive it on the W-2 form or  1099 form that they send to...
The money that you receive in this case is just like a sale because  that is what it is. You will receive a reporting form on this money  paid to you and the IRS will get a copy as well. You will need to  report this sale on your income tax return and pay taxes on the  profit.
There is no age limit on the requirement to file and income tax  return. As long as you have more income than the filing threshold,  you will be required to file a return, no matter what your age.
If you have a legitimate reason for a companies identification  numbers they will send them to you. Otherwise, you will not get  them.
If the children are both of your natural biological or adopted  children, then the parent with the highest adjusted gross income  should file the children, if the children belong to one of the  adults then that one is the only one that has a right to claim the  children on their return. The...
It can take two to three weeks for the IRS to accept your refund. It may take up to 10 business days after that to receive your deposit. (If you filed electronicly.)
Conspiracy to harm, tyranny, manifest of injustice, fraud, trespassing on the people's natural and inherent rights outside the federal zone
Its pretty simple "You owe money to the FED. GOV no matter what" consequences of that scenario is you will have to pay to IRS when you file you're taxes at end of the year.
If you're employed by that store, they should send it to you in the mail.
When a persons work they are productive and as a result of this increase the amount of cash that finds its way into the hands of the Government. Not to mention that a number of people that would otherwise have ended up relying on social security are still supporting them selves, instead of drawing...
This is a common misconception, but there is no age limit on taxes.  If you have taxable income and high enough income to require filing  you must file your taxes.
Yes you can if you have worked for the same employer for four months. Go to ato.gov.au for your tax back pack.
I don't know when you asked this question, but apparently it's been  a while. The answer is that employer's should mail out W-2 forms by  the last day of January. That is the last day that they should mail  it then however long it takes your to receive it in the mail.
IF you are married, the only legal way to file is Married Filing  Joint, and Married Filing Separately. Depending your two incomes,  most of the time it is much better for you to file Married Filing  Joint. Married Filing Separately disallows any tax credits that you  may be eligible to take and...
He is not required to file a return at that income level but if any  taxes were withheld, he should file so that the gets a refund of  the taxes he paid in for federal and state withholding.
In some cases, yes. If the hospital is affiliated with the federal government (ie, a VA facility) your federal tax refund may be offset for any outstanding medical debt. In some states, a state or county owned facility may offset refunds issued from state tax returns. Also money owed on state run...
Your child's name and social security number will be listed under  the dependents section of the return. Also, your return will have  to be a form 1040 or 1040A.
If you are being claimed as a dependent on your parents or anyone  else's return then you will have to file a tax return. If not then  no you don't have to file a return.
No. In order for contribution to be tax deductible, the  organization must be a 501(c)(3) corporation approved and up to  date with the IRS. Any other organization does not qualify for  contributions to be deductible.
Not exactly, the IRS can and will attach any further Federal refunds until satisfied. At the state level, the Dept. Of Education can request your state refund. But why would it when it can very easily have a wage garnishment order issued? The best thing you can do (speaking from experience) is to...
Yes, if you already have a payment arrangement with the IRS but  have a refund due, they will take the refund. If you have a balance  due, they will apply your tax refund to this balance.
Nope, its been 8 days and it says its supposed to be deposited.....still waiting.
Yes it is possible that as a full time student you would be required to file a 1040 federal income tax return
The Illinois constitution mandates property taxes. All property in Illinois is supposed to be taxed on an assessed value of 1/3 of the fair cash value. Once the value is established, then in all counties except Cook (where Chicago is), property is supposed to have an assessed value of 1/3 of the...
Making Work Pay Credit and Government Retiree Credits Use Schedule M to figure the following credits. * Making work pay credit. * Government retiree credit. The credits may give you a refund even if you do not owe tax. Go to the IRS gov website and use the search box for 2009 Instructions for...
Until you are legal you cannot file a tax return. If you are legal  on December 31st of the tax year you can probably file as follows.  You can be listed on a return as spouse and write applied for in  the place for your return. You will have to file this by mail as it  will be able to file...
Death benefits are never taxable as long as you never deducted the  premiums on your tax return.
A friend of mine filed through Turbo Tax efile and the IRS website said she'd receive it on 2/2/10. She actually received it on 1/30/10. Check the website again every few days for updated info.
Most companies mail out W-2s and must do so before January 31st of  the current year. If you have not received your tax information,  you must contact your HR department and request a copy of the forms  you require.
Payments of this kind are not taxable at all. This is considered as  compensation for a loss of some kind be it injury or property.
No. Death benefits from life insurance are not taxable. The only  way that it could be taxes is if you illegally deducted your  premiums on your tax returns. As long as the premiums are paid with  after- tax money, there is no income tax on death benefits.
Death benefits are not taxable for income tax purposes.
You can do it thru portal at you store or you can go online at home to the family dollar website at the bottom there is a link that says employees and that will take u where you want to go
  == Answer ==   Compared to an active partner - NONE.
only if you itemize. Missour will send a 1099 in January
can i abtain a work history through irs for a deseased parent
Any dependents? If so, what are their ages? Lots more info to  answer your question. Sorry.
Imputed tax is when something is assigned a certain value. Other  items are used to establish this value and then you pay taxes based  on that value.
Yes, they will. If the amount you are getting back is more than the amount you owe, they will seize the entire refund. It's happened to me twice. I am currently up to date and have almost paid of the amount I owed, but they will take it if you have back child support payments. Fathers get their...
Usually the custodial parent when all of the other rules are met by each name on the tax return. Go to the IRS gov web site and use the search box for Publication 17 go to chapter 3 Qualifying Child
Yes. At present, Missouri taxes Social Security benefits based on total income. This will phase out at the end of the 2010 tax year. There will be no state tax on benefits received in 2011.