0
What else can I help you with?
Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
What were the standard IRA rates in 2010?
in 2010 the standard rate of return on an IRA was eight percent. IRA's are extremely profitable if you leave them in long enough and are tax deferred investments.
Can you count your tax payment from a previous year's taxes on the current tax form?
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.
Do you count as a dependent for tax purposes?
Whether you count as a dependent for tax purposes depends on your age, relationship to the taxpayer, and financial support. If you meet the criteria set by the IRS, you may be considered a dependent on someone else's tax return.
Can my new wifes wages or tax return be garnished for my back child support?
No. However, if you file a joint tax return with your new wife, she might have to file an Injured Spouse claim with the IRS to recover her share of any tax refund.
Do partnerships pay income taxes?
No but they do file a 1065 income tax return and report each partners share of the taxable income to them on a schedule 1065 K-1 and each partner then reports the partner share on the income tax return an pays all of the necessary taxes on it.
Does state aid count as income for taxes?
State aid would not be taxable income that you would report on your income tax return.
Does unemployment count as income for a tax return?
Yes. You will receive the 1099 from the State that paid the benefit. You can elect to have withholding made from the payments.
What are tax return loans?
Tax return loans are when an individual borrows an amount of money against their tax return.
What if your daughter had a baby should she file taxes?
If your daughter had a baby, then that baby will count as a dependent for the purpose of her income tax, but she still has to have an income before she needs to file an income tax return.
What does tax fraud mean?
It's any type of fraud with relation to your tax return. It is any type of filing of a fraudulent tax return, either in an attempt to not pay your fair share of income tax, or filing an income tax that shouldn't be filed in the first place, such as a duplicate one or any other type of tax return With the intent to cheat the government out of money.
Can I amend my state tax return only?
Yes, you can amend your state tax return separately from your federal tax return.
