Can one claim money received for child care as income?
Yes if your are an employee with an employer the issue you a W-2 tax form.
Yes if you are a self employed taxpayer with a child care business operation you would use the below information.
You will need to report that income, and any related expenses, on Form 1040, Schedule C, Profit or Loss from the Business operation, or you may qualify to use Form 1040, Schedule C-EZ, TO determine your Net Profit from the Business operation. You will also need to use the Form 1040, Schedule SE, Self Employment Tax form to compute and report your social security and Medicare tax on the net profit from the business operation.
For instructions and forms go to the IRS gov web site and use the search box for publication 334 a very good place to start with examples
Publication 463 Travel, Entertainment, Gift, and Car Expenses
Use the search box at the IRS gov web site for Small Business and Self-Employed Tax Center
Filing Season Central is your one stop assistance center for filing your business returns. This includes Highlights of Tax Law Changes, Tax Tips, and more.
Address for mailing Federal Form 941 in Illinois?
Go to the IRS gov web site and use the search box for 941 go to page 4
Where Should You File?
Where you file depends on whether you include a payment with the Form 941.
Address for federal income tax filing?
The correct address can be found on the last page of the instruction book for the 1040 tax form that you are using.
Go to the IRS gov web site and use the search box for Individual Taxpayers - Where to File Your Own Individual Return
Addresses by state for Forms 1040, 1040A, 1040EZ, 1040ES, 1040V, amended returns, and extensions (also addresses for taxpayers in foreign countries, U.S. possessions, or with other international filing characteristics)
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 the state and federal government owes me money do my forms need completed by April 15th?
They are supposed to be filed by April 15 2010. If you are due a refund you will not be charged the penalty and interest that would be due if you had a income tax liability on your income tax return for failing to meet the April 15 due date of the income tax return.
Can you claim your child if they file taxes too?
Yes as long as all of the rules are met by and the child to be your qualifying child dependent on your income tax return.
Dependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later.
Make sure that the dependent indicates on the 1040 income tax return that him/her is using indicates this and cannot claim the 3650 exemption amount on the income tax return that is being filed.
Do you have until midnight April 15 to file your taxes?
Post marked by the post office before midnight April 15, 2010 YES to file and pay any income taxes that may be due with the completed correctly federal income tax return.
Does the IRS receive the same 1099 and 1098 as you do for your tax filing?
Yes they do receive copies of the same information that each taxpayer receives for the tax year.
What is the deadline for filing taxes if you don't owe money?
As an individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability and OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010.
What is the word for Excess of your withholding and estimated tax payments?
Amount of taxes that were overpaid to the IRS
The excess amount of your withholding and estimated tax payments would be the amount that is MORE than your federal tax liability on your correctly completed federal 1040 income tax return and would be the amount of the REFUND that you could possibly receive after sending your tax return to the correct IRS address.
Overpayment amount of taxes
Does the IRS receive the same forms for each of us that you receive like the 1099 and the 1098?
Yes they do receive a copy of all of the mentioned items that each taxpayer receives and more information about other worldwide gross income that some taxpayers receive during the year.
If you do not owe any taxes do you have to file on time?
As an individual taxpayer filing one of the federal 1040 income tax returns when you do NOT have any federal income tax liability you generally will NOT be assessed any of the penalties for failing to file your income tax return by the DUE date.
Can you claim head of household if you live with your parents?
Only if all of the rules are met by every one and you qualify to claim them as a qualifying relative dependent on your income tax return.
This is your decision that you will have to make on your own as you have all of the necessary information that is needed to determine if you and they meet all of the rules for YOU to be able to QUALIFY to LIST either one of them as your qualifying relative dependent ON your own income tax return so that you CAN QUALIFY for the Head of Household filing status.
You must be able to claim them as dependents to file using the Head-of-Household filing status.
You can find all of the rules at by going to the IRS gov web site and using the search box for Publication 17 go to Chapter 2 for Filing Status go to Chapter 3 for Personal Exemptions and Dependents
What time and date are taxes due for 2010?
Calender year individual taxpayer has to be post marked before midnight April 15 2010.
Can you file your state taxes from last year?
Yes but the 2008 income tax return will have to be completed correctly and mailed to the correct state tax department address which should be in the instruction book of the form that would be using.
The amount of income tax that is owed on your taxable income on the MFJ income tax return will depend on the marginal tax rate for the taxable income on the MFJ income tax return that rate could possible be 20% to 25% up to the maximum 35% marginal tax rate.
You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for.
If you would like to do some estimated tax calculations you would need to go to the IRS gov web site and use the search box for 1040ES go to page 6 for the 2010 Tax Rate Schedules page 7 has the estimated tax worksheet.
You would add all of your gross taxable wages from the W-2 forms box 1 wages, salaries, tips, etc and any other net profit from other earnings that you have in your hand and that amount would be a added to all of all of your other worldwide income total and that is the amount of income that would be used to start with to calculate your estimated taxes for the year.
You can find the estimated tax worksheet and instructions by using the below enclosed information
If you would like to do some estimated tax calculations you would need to go to the IRS gov web site and use the search box for 1040ES go to page 8 for the 2010 Tax Rate Schedules and page 7 for the worksheet.
You can try any of the online estimated tax calculators for some estimates to get an idea of what things may look like after using the correct IRS forms and compare the numbers.
Use your search engine and type ESTIMATED TAX CALCULATORS and you will be able to find several of them that you can use for this purpose.
Forgot to send paper tax return with efile?
You would not send a copy of your paper income tax return after you transmitted your income tax return electronically and you have received acknowledgment from the IRS that they have accepted your income tax return as you filed it.
If you did forget to send a form of some sort you should be receiving some correspondence from the IRS about it.
Possibly the form 8453 with attachments that is supposed to be mailed 3 days after you receive the acknowledgement from the IRS.
Go to the IRS gov web site and use the search box for 8453 go to page 2 for the below information.
If you are filing your tax return using an online provider, mail Form 8453 to the
IRS within 3 business days after you have received acknowledgement from your
intermediate service provider and/or transmitter that the IRS has accepted
your electronically filed tax return. If you do not receive an acknowledgement, you
must contact your intermediate service provider and/or transmitter.
Mail Form 8453 to:
Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254
Can you file tax return without W2?
You can use the Form 4852 (PDF), Substitute for Form W-2 or Form 1099-R.
If you do not receive the missing form in sufficient time to file your tax return timely, you may use the Form 4852. If you receive the missing or corrected Form W-2 after you file your return and a correction is needed, use Form 1040X (PDF), Amended U.S. Individual Income Tax Return. For additional information on filing an amended return, refer to Topic 308, Amended Returns.
Go to the IRS gov web site and use the search box for Topic 154 what to do if W-2 form not received Or the Form 4852 substitute for Form W-2.
What is the mailing address for form 8379?
Internal Revenue Service
Stop 840F, P.O. Box 120053
Covington, KY 41012
OR
Fax the form and attachments to the IRS at
(859) 669-5256 or (859) 669-7187.
14 of w-2 Code V is this amount supposed to be added to your taxable gross income?
Box 14 of the W-2 form Code V---Income from exercise of nonstatutory stock option(s) (included in boxes 1, 3 (up to social security wage base), and 5).
Go to the IRS gov web site and use the search box for Pub. 525 and instructions for Schedule D (Form 1040) for the reporting requirements.
This is for your information purposes.
Is a yearly income of 155.00 require taxes to be filed?
If $155 is all of your gross worldwide income for the year 2009 you would not be required to file a 1040 income tax return.
Do you need a w2 form to pay your taxes or just to file them?
When you are an employee and have an employer you need your copies of the W-2 form with the information that is on the w-2 form to enter the correct information on your 1040 income tax return.
If you are mailing your income tax return you need to attach the federal copy of your W-2 to the copy of the income tax return that your are mailing to the correct IRS address for the area that that you live in.
Are taxes filed in 2008 for 2007?
Yes a tax return that was filed in the year 2008 would have been for the 2007 tax year income tax return.