Taxes Questions and Answers

My daughter claimed exempt, not understanding what it meant. What happens if she is unable to pay on April 15




Answers: You can get an extension until October 15 to file. Use form 4868. Here is an example of the form: http://saveoncard.com/taxform_4868_fs.ht...
she go on a payment plan, if she doesn't make the payments she will go to jail. no joke. uncle sam always collects his debts, but he is no fool. If she is in jail she can't pay, so she will be given every opportunity to pay it off and stay free.

I receive ten thousnd dollars. How much do internal revenue tax you at the end of the year? They took taxes b?




Answers: How did you get this money ? If it was a gift or prize, you don't have to pay tax.
You can receive up to 10 grand as a gift without taxes being taken out.

Do Dependents return with $600 Rebate from Taxes?

Hey, I am a college student and my parents consider me a dependent, I do work and I do pay money to the Federal Government and I be wondering if i would get this Rebate also, man that i obviously trade name less next $75,000.


Answers: If your parents still claim you, they would get the $300 for you as a dependent. If you would record your own return, you would be eligible for the $600 as a single tax payer.
I don't know. I read that children over 16 (17 & older) would not earn a rebate for the paretns (same as the child import tax credit works), but I don't know if that is true or not.

If to be precise true, then I reflect you would get your $600 from your own rates that you file because your parents will not capture any rebate for you.

There aren't a lot of specific details except salary cap that have be published that I could find.
Yes. Dependents will get these rebate because you're filing taxes. People who do not even profile taxes are getting rebates rear (which is insane). However, you would not be eligible for a tax settlement because you are a dependent. I think the relations answering the question are not realize that the currently legislated REBATE is not the same as the levy REFUND.

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