Tax Discussion

If I claim 3 during the year, will I owe taxes at the end of the year?

megan — Sun, 20 May 2012 08:07:01 +0000

If I claim myself, my wife, and son during the year, will I owe taxes at the end of the year? I make around $ 26,000 a year, and I would like to get as much money in each paycheck throughout the year, without owing taxes at the end. Related Questions: I’m a 25 year [...] Related Questions:

I’m a 25 year old student and made $923last year can I get a tuition refund on taxes If my parents claim me?
who should claim our new baby on taxes next year?
I owe taxes for 2009. Will I be able to claim the amounts I paid to the government in my next year’s taxes?

If my sister in law gives me a gift of 1000 dollars a month do I have to pay taxes on it?

livingeditor — Sun, 20 May 2012 08:07:01 +0000

I am retired and live off Social Security in the US. I don’t have to even file because my income falls below the point where i have to. So if my dead husbands sister sends me 1000 dollars a month as a gift will I have to add that to my annual income and start filing a return again? or is the money that is a gift not taxable money and not considered income?

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if you make money overseas do u have to pay taxes for the courty you live in and the courty u made money in?

allcreaturesvh — Sun, 20 May 2012 08:07:01 +0000

Related Questions: if i make 384 before taxes how much will i make after? i live in chicago and i am my only dependent? Career: Does A lawyer or doctor make more money also do doctors make like surgeons really make that much money? Do I need pay taxes if I get money from a [...] Related Questions:

On wmr it states that they have received my refund and its being processed. it has said that for over two week?

emeka22uche — Sun, 20 May 2012 05:07:01 +0000

So I call an irs rep n she states that its still going through processing but they don’t have a dd date yet. When should I receive my return? I also have a taxpayer advocate and she is basically telling me the samething. Related Questions: the irs states they received my refund & its being [...] Related Questions:

What could possibly be wrong with the IRS retrieval tool?

tmoran — Sun, 20 May 2012 05:07:01 +0000

I am a senior in high school that was chosen for a Fafsa verification. It requires me to use the IRS Data Retrieval Tool but when I input information, it says the information doesn’t match with their records and will not work.

My parents filed “married filing jointly” and all of the information is correct.
Is there any other reason that it isn’t working because everything from my perspective is correct and there should be no reason that the IRS tool isn’t working.

I only have two days left to send it to the student aid and I didn’t know we could request the tax return transcript. It will be too late by the time it arrives.

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Corporation Tax Shelters?

sventre — Sun, 20 May 2012 05:07:01 +0000

I’ve heard of situations where Corporation-A owns xx% of Corporation-B and because of this ownership in Corporation-A is not obligated to pay taxes? It sounds a bit too good to be true, but i’m sure theres some truth to it! Anyone know some more info on this? Related Questions: If I own 100% of a [...] Related Questions:

how many allowances should i claim on W4?

allcreaturesvh — Sun, 20 May 2012 05:07:01 +0000

I am 22–– single with one son. I am a college student, live with friends my son is with me, and i work full time at a bank making around 23,000 a year. How many allowances should I claim? Also, if I use the appropriate allowances, will it effect my refund come April 2013, and how much will taxes will still be taken out of a 904$ check.

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Federal Tax help and state tax help?

epondel — Sun, 20 May 2012 05:07:01 +0000

Okay so I got a new job and I claimed 5 on my tax form and then found out the next day that I would end up owing money to IRS. Which I do not want to do. Because I do not have 5 dependents. I’m young only 20 so I don’t know how all this stuff works yet. What I do know is I just claim my self I should put a 1 or a 0 but then they will take out a lot more from my pay check. What should I change the number to too get the least amount taken from my check and not end up owing IRS money at the years end. I do not care about getting a nice big fat income tax check. I want my money now not next year. Or is it just best to go ahead and put a 1 or a 0 down?

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What’s the difference between California state income tax and state disability insurance tax?

ubinas — Sun, 20 May 2012 02:07:01 +0000

I just started working in CA and noticed a deduction for state income tax AND state disability insurance on my first paycheck. My state income tax deduction was about .25% and the SDI deduction was 1%. I looked online at various tax calculators and none of them mentioned an additional 1% tax on top of the state income tax rates. Please let me know what the state income taxes are here. Thanks.

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Moving $1000 from pre-tax to post-tax. How much will my pay differ?

sventre — Sun, 20 May 2012 02:07:01 +0000

I am going to aggressively look for a better health care plan than my employer is offering. Currently, it cost $ 975 a month for a $ 1000 deducible policy for me, my spouse, and our child. In order to have the option to drop it during the year, I have to move the $ 975 from pre-tax to post-tax. How much will this affect my pay? That is, how much more taxes will be taken out? I earn $ 50,000 a year and am paid twice a month.
I’ve found other plans for around $ 568 and $ 608 a month that are comparable and only increase the deductible to $ 1500. That type of monthly savings makes a world of difference for my healthy family. I could easily put an additional $ 200 a month into savings in case we did have to pay the deductible.
Is there something online where I can see how this will be $ 300 more a month to change it to post-tax? What’s the point of doing this if I’m going to spend the additional $ 300 in taxes? My sister has the same insurance through her employer and it costs her family only $ 420 a month. My employer jacked the price up by $ 300 this year, $ 275 last year for less benefits. Very frustrating when you’re not a wealthy family!

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Can someone help me with my W-2 form?

tmoran — Sun, 20 May 2012 02:07:01 +0000

I hate filling out the Lines A, B, C, D, E, F…and Lines #5, 6, and 7! I just need help with Lines F, G, 5, and 7…Is there an example somewhere online?? I am a divorced single mother..claiming 2 daughters. I only have 1 job, no spouse. Tax Exempt??? Child Tax Credit?? HELP!! :{

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Getting a personal property tax waiver?

Jesica Hogan — Sun, 20 May 2012 02:07:01 +0000

So I tried to register my new car today and apparently I didn’t have my personal property tax waiver…just real estate. However, when I looked into it, I would have had to declare on January 1, 2011 and I bought my last car March 18th, 2011. I also was not sent a bill last December to pay on anything and they could not find me or my car in the system. Now that I’m reading up on it, I would have to bring the car title or registration with me to be able to get the waiver…however, that car was totaled on 3/29/12 and has since been sold to another person for work at his auto body shop and he wanted to keep all original paperwork (which seemed fine at the time). How do I go about solving this problem since I don’t have those documents any further and need to plate my new car by 5pm Monday!

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IRS says I’m deceased any one exp this?

lpliskin — Sun, 20 May 2012 02:07:01 +0000

I filed my income tax back in feb and says I’m deceased. So i get all the info I’m suppose to get to say I’m not the next day and mail it to the IRS do here it is 4 months later. And still no return and no info? This happen to anyone? If so was. You told anything on when to exp it?

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Help with paying taxes ?

epondel — Sat, 19 May 2012 23:07:02 +0000

Im not sure how to look this up so ill ask here. Im starting a new job that is working on getting W2 and paychecks. What im trying to find out what would be the best way to save for my taxes at the end of the year or what i can do to make sure i get it taken care of.

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If I lived with my boyfriend for 8 years and we break up, can he take me to court and charge me for taxes?

tmoran — Sat, 19 May 2012 23:07:02 +0000

My mother lived with her boyfriend for several years in South Carolina and Florida. When he bought his houses, he would put my mother on his deeds as a co-owner, at the time he said it was to protect her in case he died. He always paid his property taxes, and never would except my mothers money when she offered. Now, they have parted ways and she has offered to remove her name by signing a quit deed (there are no liens and the home is paid for). He told her he could charge her for half the taxes he paid over the last 8 years her name was on his deed. I think he was just trying to scare her, but can he do this?

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In a city that has a 6.2% sales tax rate, Kim Le bought a pair of jeans and a t-shirt for $25.00. What did she?

ubinas — Sat, 19 May 2012 23:07:02 +0000

Related Questions: after a 6% sales tax, a shirt cast $15.37. Find the cost before tax. what is the formula to solve? Which City has the higher property tax rate? What is the sales tax in your city? Related Questions:

Is there tax for buying gum at Walmart?

Jesica Hogan — Sat, 19 May 2012 23:07:02 +0000

My roommate is crazy poor right now and he’s finally scraped together exactly enough change to buy a three pack of 5 Gum and wants a ride to buy some from Wal Mart. Will he have to pay extra at the register because of tax? Related Questions: Walmart or US Government? My boyfriend was an [...] Related Questions:

Help with my taxes!!!??? Please!?

bustermcleod — Sat, 19 May 2012 23:07:02 +0000

Today I was curious as to why I havnt gotten my tax refund yet (when I filed in the middle of march)so I logged onto my tax filing websight and it said that my taxes have been rejected. I didn’t receive any notice about this! The only error was that I forgot to check one of the boxes. So I fixed the problem and sent them in again. Am I going to get penalized for this!? I’m really nervous that I’m going to get in some sort of trouble.

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USDA loan my w2 doesn’t match tax transcript and tax return?

dtba — Sat, 19 May 2012 23:07:02 +0000

I am applying for a USDA loan and my total income was 44,613 on my w2 but when my preparer filed my return she stated a income of 44,539 which is a 74 dollars difference in income will this be a problem when the loan go to USDA no additional tax are owed my tax transcript and tax return match just no don’t not want to amend and lose the house close in 30 days. Should I tell my loan officer about this the loan is already conditionally approved.

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trying to figure out how much job will take out for taxes?

dtba — Sat, 19 May 2012 23:07:02 +0000

i claimed one so they would take less out. i work at a baseball stadium and i’m working every game and it’s always the same amount of hours so i pretty much know all that i will be making the whole season since i know the schedule and when they play and i’ll make around 2500. they only take out fica and medfica when i claimed 1 not state and withheld. and the 2500 is what i’ll be making without taking any taxes out. how would i estimate how much they’ll take out of this? multiply it by 20%? or is that way you figure it out only if you claim 0? and how much do you think i’ll have to pay in during tax season? cuz i also have another job as a nanny and the parents dont take any taxes out of my checks and said i’ll have to claim them as income or something. i make around 280 a month and it’s for about 8 months

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