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Yes, if you file your babysitting income as self-employed
Yes, she does - if she is employed and earning her own money.
Yes this could be possible as a self employed taxpayer.
It's not time, it's amount. Over 3k and you must file.
The answer is NO. When you are employed you have federal taxes taken from your pay or if you are self employed you are to pay Federal taxes on your gross income twice a year. During tax time if you were employed or self employed and have earned income (which is what you made all year) you file a federal income tax. The purpose to file taxes is to see if you will end up getting taxes back from what you have paid in all year or if you will end up paying because you still owe. Depending on the income bracket you fall under, if you have dependants to claim, or if you have any deductions will calculated to see what your getting back.
Yes, if you file your babysitting income as self-employed
Yes, she does - if she is employed and earning her own money.
Yes this could be possible as a self employed taxpayer.
It's not time, it's amount. Over 3k and you must file.
The answer is NO. When you are employed you have federal taxes taken from your pay or if you are self employed you are to pay Federal taxes on your gross income twice a year. During tax time if you were employed or self employed and have earned income (which is what you made all year) you file a federal income tax. The purpose to file taxes is to see if you will end up getting taxes back from what you have paid in all year or if you will end up paying because you still owe. Depending on the income bracket you fall under, if you have dependants to claim, or if you have any deductions will calculated to see what your getting back.
if u make less than 1200 a year no you dont have to file taxes
You need to claim your income as being self-employed
no but her checks can be garnished to help pay his support. once married she assumed his debt. that answer is NOT correct here checks wil NOT be qarnieshed to pay his support they are not her kids, she does NOT have to pay. When they do income taxes she can file a injured spouse forum to get her share of the income taxes back so she will not have to pay with the taxes as well.
If you are unmarried and have no income you do not need to file. If you have a spouse that works then you must file a joint return.
If you are on payroll, the employer deducts the required taxes from your check based on wage plus commissions. If you are self-employed, you file quarterly tax forms with the feds.
Quickbooks is a quick and easy software that helps process checks and help file taxes. It's set up helps organize and clear things by entering checks into the database.
http://www.irs.gov/file/article/0,,id=105060,00.html