irs form 1040
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Taxes...People Overcharing on 1099 Form
Asked by K.K. from Washington DC
on February 16, 2012
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Hi Moms,
I have had 2 tax forms both 1099's and both employers have said I have made "x" amount of dollars on the tax forms. One company has said I made a certain a...
Answers
- I'm an owner of an insurance agency and get a 1099. If there is a discrepancy, you have to contact the company, or whoever handles their payroll, if its a payroll ser...
- I would call a tax attorney or the IRS help hotline. Does it make a big difference in what you owe or will get back? I worked as a reading specialist for two yrs and...
- you're not getting screwed over by getting a 1099. i do piecework here and there and most of the work i get is just like this, being a contractor. it's cheaper for the...
Taxes with a in Home Nanny
Asked by A.H. from Houston
on September 19, 2006
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Hi everyone I am needing some help I don't know what the laws or IRS laws are when you have an in home nanny, I don't want to get in trouble by not taking taxes out. C...
Answers
- All you have to do is keep track of how much you pay her, cash or check is fine, in January when you file your taxes fill out the form for the Child Care tax credit wh...
- I suggest calling the IRS or a tax accountant. If you need a number in Houston, email me privately. Shoot, even H&R Block will be able to answer that. Once you find...
- I believe she would be considered an independant contractor and as such she would have to pay her own taxes. you might want to find out if there are any forms you wou...
Tax Question - Child's Income
Asked by L.D. from Los Angeles
on February 4, 2011
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Hi Mamas - My 3.5 year old son has been lucky enough to have had a couple of modeling jobs this past year which have paid a total of $1400. I just received his 1099 F...
Answers
- I'm an accountant and have had my degree for over 20 years. Your child does have to file a separate return but he shouldn't be claiming himself as a dependent. You can...
- i am pretty sure you just add it to your taxes, go to the irs.gov website and look for questions or call your local h&r block and ask them
- According to the IRS, his gross income was over $950, therefore, a return needs to be filed in his name. Yes, you can still claim him as a dependent. Go to www.ir...
Not Sure What to Do on Taxes??
Asked by C.S. from Dallas
on January 26, 2008
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Hello mommas!! My question is this....I worked for a little while in 2007. I was paid straight so I would have to do my own taxes come tax time. I know I didnt make...
Answers
- C. - It costs little or nothing to consult over these basic issues so you can maximuze your tax filing.Even H&R Block might be worth a trip. A quick consult with a tax...
- It depends on whether he paid you cash, or if he paid you like a contractor, which is where he would pay you, and you would pay your own taxes. In that case, he will ...
- I am a self employed mom. Did my own taxes last year and paid too much. Found a great tax guy that saved me lots of money on deducting things for my self-employment....
First Time Homebuyer on 2010 Taxes
Asked by K.G. from Pittsburgh
on February 22, 2011
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I claimed the First Time Homebuyer Tax Credit for my home that i bought in 2008. I understand that i am supposed to begin paying this back at $500/yr starting with my ...
Answers
- You need to get some solid answers from a true accountant who does this all year long.... DO NOT rely on the "accountant in a box" or someone who is open a few month...
- It has its own form that needs to be completed. I also had to start paying back this year, but I do not know which form it is because I used an online software comp...
- I know when we went to HR Block they did our taxes it was a seperate form to fill out but when it came down to it it automatically deducted from our refund. Might wan...
Turbo Tax
Asked by M.C. from Providence
on February 15, 2012
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I was just wonderig if any of you have used turbo tax & if it is worth it. Last year we got our taxes done & it cost around $80, I didn't know if any of you have ever ...
Answers
- We use it every year, my husband loves it!
- LOVE Turbo Tax. It's great, for even complicated taxes. It sounds like you can use the free federal edition. I definitely recommend, and save yourself some money :)
- It is most definently worth it!!!!! I have deductions and stuff and it is easy to use even with that.
Can Anyone Give Me a Few Suggestions?
Asked by M.B. from Dallas
on November 5, 2007
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Hi. I need some tax advice. I am paying my own taxes as an independent contract laborer, and I have never done that before and I need some (free if possible) tax adv...
Answers
- hold back a minimum of 25% of all income. Keep ALL receipts from ALL bunsiness purchases. Seperate bank accounts for business and personal. Seperate credit card acc...
- I am also an independent contractor. I highly recommend working with an accountant. What to hold back and what to file can be very confusing at first and if you don'...
- I do not agree with the previous responder, what you can claim in regards to your utility bills depends on the size and use of your house for business. I do not rec...
Is Childcare Tax-Deductible?
Asked by A.D. from Dallas
on October 10, 2006
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I was talking to my cousin today and she mentioned that in certain instances, childcare expenses are tax-deductible -- and the level will actually differ with the numb...
Answers
- Does anyone know if a facility a actual Day school, has to provide tax reciepts, my DD was at a home care timm a couple on months ago and the lady always gave us a re...
- I am a childcare provider and my parents deduct me every year. hope this helps.
- Every year the deduction I get from childcare is a huge blessing. There is a cap on how much you can deduct. I receive a letter from my daycare every year that shows...
I Am Self Emplyed and Getting Audited, What to Do Now?????
Asked by P.V. from Houston
on May 6, 2009
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I see amazing responses on this site, so I thought of asking you all the following.
I am self employed and just got on the mail a letter from the Internal Revenue S...
Answers
- Girl - call Jerry Roebuck @ National Business Consultants ###-###-#### - he is the bomb!!!! He can help! He is in Pasadena...tell him An'drea Boren sent you...he wil...
- Hi P., Did you have a CPA do your taxes? If so- I would suggest talking to him/her and allowing them to represent you at the meeting with the tax auditor. It wil...
- Don't be nervous. Everything you have claimed for deductions you need to have proof. If you claim medical, organize all your receipts. Look at your tax return and get...
Tax Time/question About Child Tax Credit?
Asked by K.I. from Spokane
on April 15, 2009
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Hello ladies!
Its tax time and I have a question to any of you out there who are divorced and each parent claims one child on their taxes...we had our taxes done la...
Answers
- Well I'm sorry to hear you had a bad experience there, but I have worked for Block for 6 years and we have a great group of people, very intelligent too. Some offices...
- Looks like you found what you needed.
- Yes they changed the age to 17 now instead of 18 So hopefully more people will be aware, it was changed last year. Good-luck..L.
