Can a person use Tax Cut on their computer safely to do income tax?
146073
Yes.\n\nI have used it in the past. Got a refund too.
842850
Yes you can!  In fact, this is a great way to lower your SE and federal/state income taxes, get your children involved with your business, and teach them about income, taxes, and savings.  Definitely do it!\n\nYou can only deduct the wages you pay them on your Schedule C if the work is done in connection with your Sch C business, the child actually does work, and the money you pay them are reasonable in relation to the service provided.  Keep records of services and wages.  You need to give your child a W-2 and send the appropriate forms to the IRS, but any tax preparer worth their shingle knows how to do that.  The first $5150 of earned income is federal tax-free because it falls below the standard deduction for 2006.  And if all that isn't enough, if your child is under 18, all income they earn from your unincorporated business is exempt from FICA (social security and medicare) taxes.  If the child is under 21, the income is exempt from FUTA.
125150
If you are under 59 1/2, there is a 10% penalty and the amount that you take out will be taxed as ordinary income.  There are some exceptions; i.e. if you are using the money for health reasons or to purchase your first home.  Check out publication 590 on the IRS website (www.irs.gov) or consult a tax professional.
44076
yes you have to have tax in order to get the tax break.\n\n-Jim
842664
Sure if you want to go to jail.  You do know that is illegal don't you?  You might can do it and get away with it, but at some point in time the books are going to come back to bite you IF they get audited by Uncle SAM.  Why take that risk?  It would show up sooner or later, and you would be in trouble.  I believe the term for this is racketeering and tax fraud.  You ought to realize any non profit organization is watched by the government very close, and you cannot work under someone Else's exemption.  If all donations were cash, then you could do it, but the minute someone donates a sizable check to your group, you are busted.  My question is this; why don't you just apply for the status by filling the proper papers?  That would be less complex, and it would be legal that way.  Good Luck!!!\nPart 2\nThe best thing to do, is talk to a CPA (certified Public Accountant) and I'm sure they would be able to help you out with the question as far as what you would need to do, and what forms you would need to file.  Since this is what they do, they would have the answer you need.  An alternative would be; contact your state tax office, and request the forms you need.  If you go to your states tax form web site, you will probably find the form or forms you need, and can print them right to your computer.  Unless you are considered a division of the company you want to operate under, and file taxes as a subsidary, don't expect to be able to do this legally.\nI hope this helps.  Good Luck!!!
72901
i think you can go into one of those tax services like at amscot or hrblock with you last paystub and it shouldn't be a problem as long as everything is correct and up to date.
488346
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 $400. (15.3% of self employment income)  This is for FICA and Medicare.  He will likely get a 1099 from his employer for the total amount they pay him.  He can however, deduct any business expenses he had pertaining to this job to lower this figure on Schedule C.  So I would keep track of any expenses he had to pay out of pocket for this job, like mileage, any special tools or equipment purchased, etc.  Talk to a tax accountant and explain his situation for better advice.
219046
I am not sure but dont use them they are being investigated now by the goverment for ripping people off .... buy software you can down load for like 25$ or go to irs online for taxes
30594
Fear not. If you made less than $3000 you'll get it all back when you do your taxes
828392
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.
440989
If you are an employee, salary sacrifice your pay. Take some of your salary as a laptop, extra superannuation etc.\n\nIf you run a business, incorporate it, and make sure you have a Personal Services Business, in accordance with the Alienation of Personal Services Income legislation.\n\nCompanies only pay a tax rate of 30%, but if you provide personal services, you'll end up having that company income attributed to your personal tax.\n\nYou can also minimise personal tax by hiring a really expensive accountant. They come up with the most creative ideas.
444746
I believe the government is allowed to access information from the landlord, and the person's bank account in this instance. There are no legal ways to evade tax. If you invest the money, you may be able to minimise your tax, but as I am from Australia and our tax laws are different to yours, I can't say for certain. \n\nThe American tax laws take up 1.2 million pages, so I'm sure they have covered everything.
317542
Tax minimisation is just a polite way to say tax avoidance.  The best ways to avoid paying tax (legally) are:\n\nCommon Tax Expenses That Could Be Deducted:\nCar expenses \nTravel \nSelf-education \nWork clothing purchase \nLaundry/dry cleaning of uniforms \nPublications that are purchased for work \nTools and equipment (including software and computers) \nSickness and accident insurance \nDepreciation on assets used at work \nSun protection items - sunscreen, sunhat or sunglasses \nHome office expenses\n\nOther Expenses That May Be Deducted From Your Tax:\nCharitable donations \nBalancing adjustments for depreciating assets lost in bushfires \nManagement of your tax affairs for accountants or lawyers \nElection expenses \nTax losses from earlier years \nNon-employer sponsored super contributions \n\nInvestment Expenses That May be Deducted:\nDebt expenses obtained through a getting or maintaining a property loan \nProperty project pool \nDeductions from property trust income \nRental property expenses \nAustralian Film industry investment \nPrepaid expenses \nInterest and dividend deductions
216182
I don't think so. If you want to avoid tax, go to somewhere where they don't have it. Maybe use Swiss bank accounts too.
1130177
There are a few websites that make such an offer.  They offer to start you in a business that will make you lots of money and you work from home with your own PC.  I would like to caution you however that between you and the website operator, it's the website operator that will be making the money....from you.  Unless you have a maketable skill and already know what it is, and that you know that it can be applied to internet reaching out to customers, don't get involved in the other schemes.
686666
You shouldn't be using a school computer to do that. That is abusing tax payer money. You should go to a local public library or buy your own computer and pay for your own ISP.
242070
No, but any future earning can be levied, even his income tax refund. If the matter drags on you can also levy any property they own.