0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
If you filed an amended return to claim your two children can you still get the 600 stimulus payment or do you have to wait and file on 2008 return?
Yes, you still can get the $600 stimulus payment for your 2007 income tax return. Form 1040X is Amended U.S. Individual Income Tax Return. Filing an amended return usually doesn't affect the stimulus payment. If the IRS receives your Form 1040X before issuing your stimulus payment, then your stimulus payment will be issued after your Form 1040X has been processed.For more information, go to www.irs.gov/newsroom for the article, 'Economic Stimulus Payment Q&As'.
What day do you file income taxes in the state of Texas?
For the 2009 tax year the state of Texas does not have a personal state income tax return that has to be filed. The federal income tax return payment and date is April 15 2010.
Is a annuity check considered earned income?
An annuity check would be a part of your unearned income amount on your federal 1040 income tax return.
Does a wife have to pay taxes on the allowance given monthly by husband?
If the monthly amount is supposed to be ALIMONY payments YES the monthly Alimony payment amounts would be taxable income to you on your own 1040 income tax return. If you are still married and filing a married filing joint income tax return all of joint worldwide income would be reported on the MFJ income tax return and the monthly allowance from your husband would just be and amount from the after income tax funds that were reported on the MFJ income tax return.
Can you make payments toward the amount of income tax owed to the state?
Yes. If you owe tax on a state income tax return and you're unable to pay the full amount, contact the state department where you file your return. State income tax departments will work out a payment plan with you.
If you filed an amended return to claim your two children can you still get the 600 stimulus payment or do you have to wait and file on 2008 return?
Yes, you still can get the $600 stimulus payment for your 2007 income tax return. Form 1040X is Amended U.S. Individual Income Tax Return. Filing an amended return usually doesn't affect the stimulus payment. If the IRS receives your Form 1040X before issuing your stimulus payment, then your stimulus payment will be issued after your Form 1040X has been processed.For more information, go to www.irs.gov/newsroom for the article, 'Economic Stimulus Payment Q&As'.
What day do you file income taxes in the state of Texas?
For the 2009 tax year the state of Texas does not have a personal state income tax return that has to be filed. The federal income tax return payment and date is April 15 2010.
If you receive Supplemental Security Income SSI ONLY are you eligible for the stimlus payment for 2008?
No, for purposes of calculations, Supplemental Security Income is not considered. "Basic EligibilityThe IRS will use the 2007 tax return to determine eligibility and calculate the basic amount of the payment. In most cases, the payment will equal the amount of tax liability on the return with a maximum amount of $600 for individuals ($1,200 for taxpayers who file a joint return) and a minimum of $300 for individuals ($600 for taxpayers who file a joint return).Even those who have little or no tax liability may qualify for a minimum payment of $300 ($600 if filing a joint return) if their tax return reflects $3,000 or more in qualifying income. For the purpose of the stimulus payments, qualifying income consists of earned income such as wages and net self-employment income as well as Social Security or certain Railroad Retirement benefits and veterans' disability compensation, pension or survivors' benefits received from the Department of Veterans Affairs in 2007. However, Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment." [from following RELATED LINK ]
Do you have to show va payment on tax forms?
VA compensation payments for service connected disability is NOT reported as taxable income on your income tax return.
Is alimony considered income?
YES it is and it is entered on your 1040 income tax return line 11 Alimony received
Is a annuity check considered income?
An annuity check would be a part of your unearned income amount on your federal 1040 income tax return.
Is any of this considered earned income if you and your wife live on social security income and a small pension benefit but no labor is performed?
No. Social Security and Pension income are not considered earned income for the purposed of the Earned Income Tax Credit. This is not to say that you will not have to file an income tax return and possibly pay taxes. Depending on the amount of income you have and your filing status, you may or may not have to file a return.
Is a annuity check considered earned income?
An annuity check would be a part of your unearned income amount on your federal 1040 income tax return.
Does a wife have to pay taxes on the allowance given monthly by husband?
If the monthly amount is supposed to be ALIMONY payments YES the monthly Alimony payment amounts would be taxable income to you on your own 1040 income tax return. If you are still married and filing a married filing joint income tax return all of joint worldwide income would be reported on the MFJ income tax return and the monthly allowance from your husband would just be and amount from the after income tax funds that were reported on the MFJ income tax return.
If you apply for food stamps is federal income tax refund considered unearned income?
No, it is considered a return of your money over-withheld. So, income tax refunds don't affect your elegibility for food stamps.
Is rent collected in advance taxable in the year collected?
As a general rule, advance rent is considered taxable income to you in the year you receive it from the tenant. This is true even if the advance payment isn't mentioned in the lease agreement. For example, if in December 2010 your tenant pays the first six months of 2011's rent, you must report the advance payment as income on your 2010 return.
Can you make payments toward the amount of income tax owed to the state?
Yes. If you owe tax on a state income tax return and you're unable to pay the full amount, contact the state department where you file your return. State income tax departments will work out a payment plan with you.
