I am recieving long term disability as only income in 2005 and didn't realize taxes were not included does thismean I have to now pay taxes on all disability recieved or just a certain percent?
207076
no tax on disability income if sole income.
6395
You're late filing your returns because either you didnt prepare and file them or your payroll processor didnt prepare and file them.  Your funding being late didnt have anything to do with it.  If you pay them, complete the form and mail it in -- if you don't pay them, complete the form and mail it in.\n\nThe only taxes that the employer must pay are the employer portions of FICA and Medicare.  If you're not paying and submitting withheld taxes then you have some other significant problems that go well beyond not filing your 941.\n\n[i run an independent payroll processing company].
479265
http://www.irs.gov/taxtopics/tc557.html\n\nCheck out that link. Basically, it states that if you set it up as "made as part of a series of substantially equal periodic payments over your life or life expectancy, " you can avoid the 10% tax penalty.\n\nI would speak with your financial advisor/tax accountant to discuss ways to set it up this way.
298612
Such a very sad situation.  My first question is why 70% less than the old job?  If you made that much before, can you make that much again? It would help ease the financial burden even if it wasn't your most favorite thing to do.  A good rule of thumb is to use 40% of your income on your living space. That means that if your house payment is over 40% of your income per month, you either need a raise in pay or a different house.  The best situation would be to find a job with insurance coverage that accepts pre-existing conditions.  That way, you can at least afford medication.  Keep trying for disability for your fiance'.  If he really is unable to work full time, it may be best for him not to work at all if it comes out to be beneficial to you both.  You're in a tough situation.  I wish you the best of luck.
419367
I'm amazed by some of the answers. You haven't had any income at all. What income are you going to report?? NO INCOME = NO TAX RETURN.
648937
It depends if you are waiting on an answer from the Disability Determination Services arm of Social Security or from a private company determining disability for short or long term disability for employment. \n\nThey might also be gathering new information to research. If you have any new medical claims, be sure to make copies and send them.
7276
Actually, you need to include the recovery amount as part of your gross income the year you got them.\n\nFor instance, you got 2001 taxable year state refund in 2004.  You need to include the 2001 state refund (part or all) in the tax year 2004.\n\nAnyhow, you should have got a 1099-G in the year 2004.\n\nOf course, Pub 525 tells you how to determine what is the correct amount of recovery. \n\nI received a Form 1099-G, for my state tax refund. Do I have to include this amount as income on my return?\n\nIf you did not itemize your deductions on your Federal tax return for the same year as the state or local tax refund applies to, do not report any of the refund as income. \n\nIf you itemized deductions on your Federal tax return for 2003, and received a refund of state or local taxes in 2004, you may have to include all or part of the refund as income on your 2004 tax return. Report your taxable State or Local Refunds on Form 1040, Line 10. You cannot use Form 1040A or 1040EZ. Refer to Tax Topic 405, Refund of State and Local Taxes , and Publication 525 , Taxable and Nontaxable Income , for further information.
251653
do you get disability?
599446
If the problem is with the IRS, you should call the IRS ombudsman, whose number should be in the phone book under US Government - IRS.\n\nIf your only income is from SSDI, your distribution can only be assessed for taxes and only up to 15%.\n\nI don't see how any information from your previous employer is relevant to anything.
394069
You should recieve Hazard Pay but I'm not sure about the tax exempt status. This website should help you.\nhttp://www.military.com/benefits/military-pay/combat-zone-tax-exclusions?ESRC=topstories.RSS
120763
I pay quarterly taxes because I am an independent contractor.  Ask to be 1099'd by your employer.  Then you have the option to pay taxes at the end of the year or quarterly.
646279
I don't think SSI will consider that a long term disability. There are surgeries for carpal tunnel.... it is a tough road to file for disability. More illnesses need to be diagnosed for permanent disability and SSI.\nGood Luck with your illness...........  :o)
260856
Sorry bout that, I thought you meant SSI.\n\nYour husband's SSD payments may not be taxable.  As stated above if your combined income*, MFJ, is between $32-44,000. Above $44,000, taxable up to 85%.\nIndividually - $25-34,000.  MFS - you will probably pay taxes on benefits.\n*Combined income-is the sum of your adjusted gross income, plus nontaxable interest (if any), plus one-half of your Social Security benefits.\nIf benefits are taxable and the benefits include a lump sum payment for previous years, you may be able to reduce the taxable amount.\n\nCheck out Publication 915 from IRS.gov, it will definitely  help you.\n\nAs for New Jersey's taxes...Federal Social Security benefits are non taxable.
421423
I'm not clear if the refund is from restating your 2004 return, or if your 2005 return is enough to pay the 2004 payment and leave more to be refunded.  If the second applies, use the "Where's My Refund?" link below.  If you amended you 2004 return, amendments are processed differently that 'normal' returns and always take longer.  It sounds like they should have had time to resolve the issue by now.  Try calling 1-800-TAX-1040.  You could also try going to the nearest IRS office and talking to someone in person.
42509
If your new spouse has medical insurance it will cover the bills as primary coverage, medicare will cover any in hospital expenses left over. The two sources of income will be added together at the end of the year for the IRS to determine how much of your disability payments will be taxed> That is it. I hope your new spouse will mean more to you than your monthly check, if not give him or her a break and stay single any
477609
What?!? And all these years I've been paying. . .\nNo, we are absolutely required to pay income taxes! We actually OVER-pay each year, and then in the Spring we get a partial refund. That's always nice, to help cover any credit card purchases we may have made at Christmas, or to do a home improvement project. But many Americans end up having to pay in even more, because not enough has been deducted from their wages throughout the previous year. OUCH!
190066
If you have owned and lived in your home for over 2 years then you may be able to exclude from income all or part of the gain.  \n\nHere is the info you are looking for.  \n\nhttp://www.irs.gov/taxtopics/tc701.html\n\nCan also find more info here:\nhttp://www.irs.gov/pub/irs-pdf/p523.pdf