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No. A child cannot be held responsible for the actions of their parents.
Exception to the rule: If the children are heirs of an estate (both parents are deceased) and taxes are outstanding, then the taxes must be paid out of the estate proceeds before the child(ren) could be awarded the residuals.
What else can I help you with?
Is a dependent child who is a student required to pay taxes on monthly income they receive from their parents?
No. The money that your parents send you for educational and personal needs has already been subject to taxation.
Who pays income taxes on interest earned on a joint savings account that is owned by your minor child and yourself and is there an amount he can earn that is not taxable?
The laws are different in different countries so you may wish to check with the tax authorities or an accountant or, easiest, whoever you are saving with. A minor child does have a small allowance but the parent is liable for taxes - and that would be at the parent's highest rate.
Do children need to pay income tax for income earned?
Yes. There is no exception to taxes on account of age. The child must file their own tax return (obviously if the child is too young, the parents can fill it out for them). The child's income cannot be combined on the parents' return (unless the child is subject to the kiddie tax and the child's ONLY source of income is interest and dividends).
What term meanas failure to pay taxes owed to the govenment?
evasion
What age do you pay FICA Tax?
In most cases, there is no minimum age for payroll tax withholding. Parents do not have to withhold payroll taxes on payments for services of a child under the age of 18 who works in a trade or business if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of a child. Parents do not have to withhold payroll taxes for a child under the age of 21 for work other than a trade or business (such as work in the home). There is a wage test for domestic household workers of $1,700/year (2011); individuals who pay someone less than that (including parents who employ their children) do not have to withhold taxes. I don't find any minimum age or minimum wage test for other employers withholding payroll taxes.
Is a child liable for a deceased parents unpaid taxes even if there was no will estate or trust.?
They are not personally responsible for the debt or taxes. The estate has to pay off these claims. If the estate cannot, they distribute as best they can. If the court approves the distribution, the debts are ended.
Who is the child who paid tax at the age of 12?
Children at the age of 12 do not have to pay taxes. The parents of the child is the one who has to pay taxes.
Does claiming a child as a dependent on your taxes make you liable for contributing to their college education?
No, absolutely not. It does not make you responsible for anything to the dependent at all.
Would you be willing to raise your taxes to pay for the care of your parents or a chronically ill child?
absolutely
If your 14 year old works and the parent is on disability does it affect the parents disability if they have to claim the child's taxes?
The income that the 14 year child earns is the child's income and would not be reported as income on the parents income tax return.
When is a new employee liable for unemployment taxes?
He's not. The employer is the one who pays the state unemployment taxes.
How long can non-custodial father claim child on taxes?
If he has no taxable expenses in the child then he cant claim on tax.
Does the court take into account that the custodial parent files joint taxes with new wife and makes more then the non custodial parent that cant afford it?
Probably not - in general, child support is a percentage of the obligor's net income. A new spouse, whether married to the obligee or obligor, should not increase or decrease the child support obligation. As one of the child's parents, you are liable for at least a minimal amount of support regardless of the obligee's resources.
Is a dependent child who is a student required to pay taxes on monthly income they receive from their parents?
No. The money that your parents send you for educational and personal needs has already been subject to taxation.
Are subcontractors liable for value added taxes?
Yes. A subcontractor has the responsibility to pay any taxes due on the amount he is paid for a job.
When are wage garnishments permitted by law?
Several thing can result in the garnishment of wages. It can be from failure to pay taxes, delinquent child support payments, and several other reasons.
Claim my child's school lunch on my taxes?
My child has to pay for lunch can I claim that on my taxes?
