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My son is 19 and I want to claim him as a dependant. He wants to do his own taxes. How much would I get back if my income was $20,000 yr

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Q: Will you get any money back for anyone over 18?
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How do you get money back that people owe you?

Remind them when you see them that they owe you money. Send an email or letter to request the money. If you are out with them, ask them to buy your coffee or something so that you can recoup the money a little at a time. I once had someone owe me a dollar that didn't want to pay me back and one day I asked is she had any stamps. She offered me three stamps and then I said, we're even for that dollar now.


Do your kids supposed to get any money from the income taxe refund?

Nope. Parents pay taxes, so they get the refund money. They will most likely spend it to feed you and put a roof over your heads.


You were over paid by insurance company by mistake can they claim this money back?

Of course they can. If I was you I would go ahead and report this matter to the adjuster that you dealt with to see if it was incorrect or not. All claims will be audited by the insurance company and the claims department. Any mistake will be found out so you should be truthful. I know with the IRS if you are over paid and make any effort to keep the overpayment without reporting it you are committing fraud and will be prosecuted. That's the IRS.


Can a loan company take your taxes?

Yes - and no... Any money you owe to the taxman takes priority over any other creditor. However - if you're talking about a tax refund - yes they can !


What is pay back period method of evaluating capital expenditure?

Payback period method evaluates any investing activity from how much money it will pay back and how much time it requires to payback in number of years.

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