I am planning to be a truck driver and need to deduct taxes from my paycheck myself.
119518
contact the Franchise Tax Board or whatever agency is in charge of collecting taxes in Michigan.  I live in California, and that's what California calls their tax collecting agency.  You may also want to contact the IRS (Feds) to get a Fed tax deduction table.
555588
Yeah, but if you also use it for personal use, you can't make the car expense a total business deduction.  Let's say you use the car 20% for personal use.  You might have to say 80% is a business expense and 20% is for personal use.  \n\nCheck with an accountant b/c you can get in a lot of trouble for evading taxes if you don't know for sure.
284571
If you are using this for a business purpose and can justify that to the IRS, and your employer does not reimburse this expense, then yes, you may deduct it, subject to the 2% floor (2% of your adjusted gross income)for miscellaneous itemized deductions.
16396
consult http://www.irs.gov\nIt depends on your income level. Likely you'll use the 1040 form if you're just filing personal income taxes.
351415
This comes under contract and you are a contractor to them for a work. The person who is paying you the amount will have to deduct TDS on the amount paid to you and you will have to pay tax to Income tax department. You can file the same in form Saral 2D along with your other income if any.
222750
In 2006, the single person standard deduction is $5150, so he will not pay "income tax" on income up to that point.  However, he will have to pay "self employment" tax on that income as a self employed individual if it's more than $400. (15.3% of self employment income)  This is for FICA and Medicare.  He will likely get a 1099 from his employer for the total amount they pay him.  He can however, deduct any business expenses he had pertaining to this job to lower this figure on Schedule C.  So I would keep track of any expenses he had to pay out of pocket for this job, like mileage, any special tools or equipment purchased, etc.  Talk to a tax accountant and explain his situation for better advice.
22288
Well from your gross pay deduct the following\n1) Federal Tax\n2) State Tax\n3) Medicare\n4) Social Security\n\nThese are taken out of everyone's paycheck. After that you could have the following deductions as well\n1) 401 (k) or similar\n2) Health Insurance deductions\n3) Any otber type of pre tax deductions like health flex account, day care, etc..
166641
You have to report the income you earn. In  the US you will need to file a Schedule C with your return - this is a form about profit and loss. Remeber that you can deduct mileage and expenses that are not reimbursed.\n\nI've been mystery shopping for 6 years.
148290
It has to be a year to year thing.  Since each taxpayer is different when it comes to the type of deductions, it is impossible to get things exactly right with the withholdings.  \n\nBasically, each withholding gets you $3200 that is not taxed.  They guess (based on your wages) what your bracket will be after all deductions and withholdings, but since everyone is different, it isn't quite right.  \n\nAfter you do your taxes this year, figure out what your tax rate is (divide the tax owed by the adjusted gross amount - the amount after all deductions).  If you multiply this rate by $3200, this will give you a pretty good idea of the tax savings of 1 withholding for you.  You can then decide how many withholdings to claim to come up with the closest to perfect amount withheld.\n\nExample:\nIf you find out that your tax rate is 18%, then a withholding for you is worth $576.  If you have a refund of $1500 this year, you can say that you needed 2 more withholdings (576 x 2 = 1152).  You could bump your withholdings up to 3 and be much closer to perfect.  You would still have a refund of $350, but if you were to claim 4 you would owe $225, which is much worse in my mind. \n\nThere is no way to break completely even, but you can come pretty close.
80504
Yes. Any money that is attached to your social and is turned into the IRS goes in your file. Go ahead and claim the money. Put it on a schedule c fill out the 8829 business use of your home. You can take meals, cable,electric,phone,and toys that you bought as long as the kids you watched were aloud to use them. There is so much you can deduct. BE careful if you get the earned income credit you do not want your income to be to low or you will get less back. If you earned to much for the credit it might get you low enough to get it.What are the reasons you did not want to claim it. If it is the tax your expenses should take care of that. We try to get more stay at home moms to babysit it is a great tax write off. Meals you can take off the meals that you feed them also. You can take the miles to get the toys and food off there is so much. I'll be watching to see if you put any more info in. What the guy said is not true. Well it is if you are a w-2 employee. If you got pd cash you are not. If you got pd cash and made over 400 then you have to file a tax return. The reason is you have not pd social secutity and medicare tax. I'm not sure how that will affect the kids medicade. If you show that you actualy did not make any money eventhough you got pd. It might not matter? I dont know. If they ask you can just tell the truth yes you got pd. but you spent all of the money on taking care of the kids. Go to IRS.GOV pub 587 is the business use of you home and form 8829 is the form you will fill out for the business use of your home part. Ypu can also type in childcare in my home in the keywords box and see some of the topics they have listed. With all of the deductions that you are aloud to take there is a good chance that you will not owe money but show a loss. Any toy you bought you can write off as long as the kids you watched were aloud to use it (outside toys,swing set ect)
274851
I'm pretty sure he can pay those drivers as independent contractors and give them a 1099. They would be responsible for all the taxes and what not. That would not be cheating the government. He needs to be honest with the drivers though and let them know he will be giving them a 1099 and they will be responsible for the taxes. Talk to a tax preparer. Jackson Hewitt is 1-800-234-1040 and key in your zip code for nearest office. Good Luck!
433786
contat the irs at www.irs.gov and your state tax people. they have the tax charts and can tell you how much should be taken out.
139747
Well, make certain you check this with your tax professional because mine has always said this is only for specific types of items such as an automobile.\n\nIt was certainly not my intention to insult anyone, I thought I was making a light joke. I apologize if I hurt your feelings.\n\nBut I do know in the past that we had asked about deducting sales taxes at H & R and were told that this had very strict limitations. She could have been wrong because they use a lot of temp help around tax time. Conversely, there is a person who asked a question because they now owe an additional $4400.00 to the IRS because of mistakes.\n\nThat really was all I meant.
120257
YOu can deduct $250 of out of pocket expenses on Line 23 of the 1040, and the rest of your out of pocket expenses on Form 2106.
570159
Use a good online tax preparation program like CompleteTax.  The program can find all sorts of deductions and credits you probably don't even know about.
437576
It does not matter where you work.  Whatever entity you set up, you will wish to take profits out of the business to live on, right?  In that case, you will have to pay NY taxes becaus that is where you live.  Remember, not all free advice is worth the money!  (Think about it.)\n\nYou should consult with a NY CPA, who will be able to advise you best.  Do not rush to a low-tax jurisdiction without considering the effect on your own personal return.  Ultimately, that is the bottom line.
601319
Two schools of thought here.  1. If you receive a W-2 from your employer, then you are an employee.  That being said, you can only deduct your training expenses as 'employee business expenses' on your schedule A, which basically limits the amount you can deduct. (you will not get to deduct much, I can tell you that right now if anything at all due to the limitations.)  2.  If you do not receive a w-2, rather you receive a 1099, that means you are an independent contractor and will be required to file a schedule c as a self-employed tax-payer.  that being the case, you will be entitied to deduct the total cost of your training costs as a reduction to your schedule c income, thus lowering your tax liability.  \n\none last comment - if you are an employee and are taking these classes to further your career, i might suggest asking your employer for assistance  - companies usually pay for most, if not all, of the training of their employees, as long as it is in your current field.