tax penalty
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Tax Question:
Asked by M.K. from Los Angeles
on January 16, 2013
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Tax season is here and for the past couple of years, I haven't gotten any $ returned. Every paycheck I get, I have about 25% taken out and I thought that would be eno...
Answers
- We would like to help you, but it's difficult to understand what you're asking. First you say your concerned because you don't get "$ returned", but your question is ...
- <scratches head> You WANT to have too much taken out of your check so you can get it back later? That's what savings accounts are for!
- You definitely need to talk to your accountant. You want your withholdings to come as close to your tax liability as possible -- you don't want a big refund because yo...
Tax Advice
Asked by R.N. from Phoenix
on February 9, 2011
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Im in a bit of pickle. I still have not filed my taxes from 2009! I'm at a loss as to what i should do....
Here's the situation, I started my return last year howe...
Answers
- you better just take your info to HR Block and buck up and let them handle it.
- There's a financial penalty you'll have to pay, but I think that's it. We just got a notice from the IRS that we hadn't filed our 2009 tax forms when we'd given everyt...
- I don't have any help with your problem but wanted to let you know that I use to use turbotax but I also thought they were too pricey. Last year I started using taxact...
Tax Time
Asked by L.L. from Orlando
on January 25, 2010
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Hello,
My ex wants to start alternating years claiming our daughter on tax returns. I am the primary parent, he has her every other weekend and once per week. He is ...
Answers
- Although this might be fair all in all - it depends on where the agreement is made. Is it an agreement that is in your divorce ageement - that is staped by a court?? ...
- My relatives have it in their custody agreement that Dad gets to claim the boy every other year. My relative was also out of work this year, and well, if he doesn't ha...
- I think that is perfectly fair.
Attn: Nannies/Caretakers; Tax Question?
Asked by M.P. from Chicago
on February 27, 2007
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I'm wondering.....How do nannies/caretakers handle tax issues come tax time every year? If your paid by check, or cash does it make a difference? In October I'll will ...
Answers
- i used to do child care and for the first year i never paid taxes then i started working and got my taxes done at h&r block thank god for them because i was supposed ...
- Hi M., I read a few of the posts regarding taxes and was informed about the nanny tax. The couple I am employed by had mentioned they would do a 1099 during the int...
- We went through this with our sitter. We pay her from a Dependent Care Assistance Account (pre-tax for us) so it's traceable to her. She didn't realize this when she...
Need Tax Help/ Advice
Asked by T.L. from Los Angeles
on February 21, 2008
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I need help with my taxes BIG TIME. A little info first so that you understand what I need and where Im coming from. So in 2007 I gave birth to my still born daughter....
Answers
- I can't help you with your financial situation as I have little money myself and have never been married. My taxes are extremely simple so I don't know about all that ...
- HI T., I'm so sorry to hear about all this.. You seem to be pretty darn STRONG!!!!! Not sure where you live but most states have free tax prep for people who need it...
- Try dialing 211 for help. Or contact the local welfare office, I got an ad from them says free tax help just call for appointment. Pretty sure you and I aren't local t...
We Got a Letter from the State of WI Asking Us to Pay Use Tax for past 5 Years.
Asked by S.B. from Chicago
on January 27, 2012
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We got a letter from the state of WI asking us to list all the out of state items we bought in the last 5 years....and pay sales/use tax on them all ....and pay 18% in...
Answers
- I have a friend who works for a well known mail order company and yes when Wisconites go clothing shopping in Minnesota (no sales tax on clothing in MN) we are suppose...
- I agree with the others. There's something way strange going on here. Don't do anything until you make enough phone calls to make sure you know what is going on.
- This is when you need your trusted legal and tax attorney. Hopefully you have one. They can guide you through this. When you run a business you need a good networ...
W4 Tax Question????
Asked by M.. from Appleton
on April 18, 2012
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We receive a huge refund each year and someone told us that we should change our W4 so that we can get the money now vs. the government having it. Has anyone ever done...
Answers
- We claim zero on our w4, that way you get more money on your paycheck and you can save or do with it what you want. If you have to pay a little or break even, it's a ...
- You have options. You can check the box for 1 dependent, 2 dependents, 3 dependents, etc..it all depends on what you want out of the tax situation. I wanted to have...
- All you have to do is ask your employer for another W-4 form to fill out. Once your turn in the the new W-4, your employer should start withholding taxes based on you...
Son-In-Law Wants to Claim "Single" on Income Tax Return!!!
Asked by K.B. from Dallas
on January 5, 2011
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My son-in-law stated this past weekend that he wanted to still claim "Single" on his income taxes! I have been wondering why ever since! He has been the most "untrut...
Answers
- Your daughter needs to claim head of household. She will not get all credits for the baby if she claims married filing separate. No earned income credit either.
- He can't file Single if he's married. He can file Married filing Separately. Perhaps what he means is that he wants to claim Single on his withholding so that more t...
- Don't single people pay more taxes? All those dependents make nice little deductions. He doesn't sound terribly bright but I suspect that the reason why he is saying...
Cashing in My 401K to Pay off Credit Cards
Asked by J.V. from New York
on September 6, 2008
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Hello All, I have about 8K in credit card debt I would like to pay off. I also have 11K in an old 401K from my previous employer. I know the golden rule is not to ...
Answers
- Hi J., You should consult an accountant to be sure. But, I believe you pay all your capital gains taxes up front. I'd also consult an accountant about the best way t...
- DON'T DO IT! Dont cash in your future to pay off the past. You'll be creating more problems. Go to Consumer Credit Counseling Services, of New Jersey or whatever s...
- DO NOT DO IT! You will get hit so hard in taxes and penalties that you will have to take a loan just to pay that! My mom closed out hers at a previous job and she had ...
REALLY Nervous, Just Did My Taxes...
Asked by R.D. from Richmond
on April 11, 2011
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I did my taxes, and maybe I shouldn't be complaining, but I'm supposed to get a lot of money back in my refund this year. I used turbo tax online and have never had a ...
Answers
- I got alot back too, this year....I know I pay almost double into my taxes (of what they originally take out) because I got tired of owing money, and this is they firs...
- I have no stories. I always use a tax preparer (for over 12 years) and things have always gone very well sticking with him. Perhaps if you are worried, you might w...
- Well, if you did a simple form then you should be ok. A lot of people are getting a lot more back this year than they have in the past because of changes to the tax la...
