I  get a salary in US which is always net of  tax i.e my employers pays Federal/state tax . My employers is of the view that since he pays the tax,  various exemptions like standard deductions , child credit should accure to him  . As a result I should claim the various exemptions and pass the funds back to him . Is he right ??
133429
If you are legally employed in the US, you are entitled to your own deductions and refund. He shouldn't be able to compel you to pay him any part of your refund.
139156
Child support is neither deductable nor considered taxable income.  \n\nIf you pay - you cant deduct\nIf you recieve - you dont count it as income\n\nIf you are smart you have take the deduction(s) for the kid at least every other year.
113904
You don't have to own property to have a state tax lien. Basically what it means is he has unpaid state income taxes that are past due.  The state will put a "lien" on you which means they can take any federal tax return money you may get, or "attach" any property or income you have coming in the future until the past due taxes have been paid.  They can actually go and attach or garnish your wages until it's paid off too. Since you are his wife, they can garnish your wages too.  Employers tend to get upset with this stuff and in some states can even fire you for it.  I would contact your state tax collection people (you can look in the phone book under "(your state name)_______ State Income Tax")and find out exactly how much you owe.  Usually you can make an arrangement with them to pay it off in payments. As long as it's outstanding, you are getting hit with penalties and interest too, which can turn a relatively small amount into a HUGE debt in a very short time.   Trying to get anything on credit will be next to impossible also with that on your credit report.  The sooner you take care of it, the better!
459582
You sound like you don't have any proof. Any written papers from you parents, which state each of them gave you $10,000 every year - I am sure it's a good proof. \n\nGifts you receive aren't considered income. It doesn't matter how large they are. You don't report them on your income tax return in any way.\n    There are a couple of important qualifications on this simple rule:\n\nTrue gifts. This rule applies only to true gifts. You can't avoid paying income tax by calling something a gift when it isn't. For example, a "gift" you receive in exchange for services or some other consideration isn't a gift. \nIncome after gift. If you receive a gift of property that produces income, you must report any income produced after the gift. For example, if you receive stock as a gift, you must report any dividends paid on that stock after the gift. \nYou can find more info in:\nhttp://www.fairmark.com/begin/gifts.htm
444964
If the IRS were to come after your employer, you would not be held responsible in any way. As long as you report the income you receive and pay taxes on the income at the end of the year, you are doing your part. I noticed that you just said your comission checks would be tax free. Are they withholding taxes from your regular paycheck? Alot of car dealers work this way too. They'll pay their salepeople a biweekly wage and their comission is straight cash. At the end of the year, they issue a 1099-misc reporting that income. You'll have to pay self employment tax at the end of the year
90303
Hi, well I don't know about other states, but in Texas if you (dependent) make over $500.00 a year your parents can't claim you.\n\nAnd I think if you make less then $5000.00 a year you don't have to pay taxes.
520990
Yes. It is income and in the US you are going to pay taxes on income. (MOST of it anyway). There is more that is needed to answer the question. If the earnings are from the sale of the account then you might have Capital Gain. As an accountant my best advice is to contact an accountant. Probably not much help for your question but there are too many variables to fully answer.
27128
First off yes you can only if she has not claimed him on her taxes because the child can only be claimed once on a tax form because they go by their social security number, Next if she has not claimed the child then you have to have supported the child 51% of his clothing, schooling, eats, housing and care in general. If this is the case then yes you should be able to claim the both of them only if she is not filing and claiming the child herself. Also the child tax credit is only 800.00 this year instead of 1,000.00 like in 2005. Well I hope that this info has helped you and if you need more info her is the web site to the internal revenue service.\nwww.irs.gov
309627
REcommend  you and your parents got to the IRS website and research....There is a lot of information and different scenarios - if you don't want to spend the time, just call the IRS they can be most helpful.  Here is an example of info avail on the website.\n\n\nTax Trails - Can You Include Your Child's Income On Your Tax Return? \n  \nTo make the election to include your child's income on your return, your child's income must be below the maximum dollar amount allowed for the tax year being filed. The maximum dollar amount allowed for the tax year being filed can be found in Part 2, Tax on Investment Income of Child Under 14, of Publication 929,Tax Rules for Children and Dependents. Publication 929 is available for download, or you may request a copy by calling 1-800-829-3676.
118342
20% of his net salary...the amount he actually recieves after taxes and health insurance premiums but that net should not include pre-tax contributions to his IRA... + 50% of any unreimbursed medical, dental costs for the kids and 50% of reasonable costs for the childrens activities (Sports uniforms, scouting dues,etc) Such activities and the related expenses should be mutually agreed upon, and you should seek a percentage of unreimbursed day care costs. You probably will have to seek out full time employment, if not immediately, then shortly after your youngest child starts school.Plan accordingly.\nGood luck to all of you.
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)
134141
It would be taxed based on your tax bracket. This depends upon your income level.
288731
No, it's not taxed differently, but what you need to ask your new employer is how they will calculate withholding.\n\nIf you're getting your commissions on an irregular schedule (i.e. not the same as your salary) then your employer's payroll dept. may try to treat them as one-time payments each time - which usually ends up with a different withholding than you probably want.
549265
First of all, you NEVER add earned income from one person to another.  It doesn't matter how old she is, if she has earned income, you do NOT add it to your tax return.  In fact, the only time you add income from your child to your tax return is when they have unearned income (interest, dividends, sale of stock, etc.) over $850 AND your child is under 18.  As soon as your child hits 18, ALL of his/her income appears on their own tax return. (for 2005, these limits were $800 and "under 14", but I just read in the Wall Street Journal that the IRS is raising these limits to $850 and "under 18" for 2006).\n\nDo they have to file?  That depends on how much income and the type of income.  If their income is less than $850, then no.  If their income is over $850 but less than $5150 AND their unearned income is less then $250, then no.  (sorry for all the complicated rules...blame congress).\n\nBottom line, if all of your child's income is earned (W-2) and they earn less than $5150 (for 2006), then they do NOT have to file a federal tax return.  Should they file a tax return anyway even if their earned income is below $5150?  Yes if the amount in box 2 of their W-2 (arrives in late January) is more than what it would cost to file a return.  The amount in box 2 is what they had withheld and they would get all of this back if they earned $5150 or less in 2006.  If they earned more than $5150, they need to file regardless.  Their tax rate is independent of your tax rate.  The first $7,550 of income over $5,150 is taxed at 10%.  So, if they earned $8,000, their federal tax would be $285.  If they withheld $500 on their W-2 (box 2), they would be looking at a refund of $215.  When your child does his/her tax return (probably a 1040-EZ), make sure they check the "You" box on line 5 "Can someone claim you as a dependent?" if you are claiming him/her as a dependent on your return.\n\nWhatever you do, never add earned income from anyone else (except your spouse) to your tax return.\n\nAll of the above information is for the federal goverment.  Filing requirements for state tax returns vary from state to state.  Check with your state to see what their filing requirement is.  For Pennsylvania, the filing requirement is a measly $33 regardless if it is earned or unearned.  I've never done a state tax return where the child's earned income is taxed on the parent's return.
51248
Theoretically, the wages should be allotted based upon the amount earned while the employee lives in each state. However, the most important thing is that any state and local taxes that you withheld from the employee's pay is properly listed.
467158
His income is not (it's household income), but his contribution of child support is, as that is income that your mother takes in.  My advice is to make sure that you should use whoever's income is SMALLEST, because that will make you eligible for more federal money.
400579
it doesnt matter where the money comes from if it is earned in the UK then you will be liable to UK tax. You would need to use an accountant to work out your tax liabilities due on any money earnt during the tax year.