If you bring a 1500.00 check as loan against reimbursement, how much does it cost?
What is the percentage of the loan...or how much will i lose..using 1500.0 as an exampl;eAnswers: It depends on what you signed with the levy preparer
Most loans against a tax return are too high of a %.
Efile and waite two weeks and you will carry all your money.
Please do not profile for a RAL or whatever other stuff H&R block and friends are trying to shove down your throat.
The cost is not worth it
even $100.00 is to settle for a two week loan but unfortunately, the cost is waaaaaaaaaay more.
You enjoy lived without themoney for this long what is an additonal week or two within the scheme of things
Gross Receipts on Schedule C?
I am putting this in this category as capably for more answers before I input my information into my tariff program.**I am an independant contractor and this is my first year filing for my business.
I received a form 1099-misc from the company I did work for, and I own income under box 7 "non-employee compensation".
I hold on to getting an error when I e-file my return in regard to the Gross Receipts portion on Schedule C cannot be left blank or not anything...but I don't know what the Gross Receipts are.
Can anyone clarify for me in "laymen's terms"?
I'm a moment ago not getting it and the tax preparer site I'm using is any vague, or I'm of late too tired to "get it" right very soon. haha
Thanks!**
Also, someone did answer in the other category and said that gross receipts expected put in my income at hand.
Does this mean my business simply income, or the business income plus the W-2's from my husband and my other jobs?
Thanks again!
Answers: Gross receipts is the total amount you received within compensation as reflected on the Form 1099. You should also include other money rewarded to you for your services for which you may NOT have received a 1099.
Your proceeds as an independent contractor would go on the Gross Receipts stripe on Schedule C or C-EZ.
W-2 income would go on Line 7 of Form 1040.
The answer given by Jwishz is correct.
I would incorporate that it sounds like you're surrounded by over your head at this point, and I would recommend have your taxes prepared by a professional (note: not a storefront tax prep company) this year. Even if much money is made, returns for self-employed individuals can be much more complicated than those who get their incomes solely from W2s.
If I filed my own taxes, could my mother still claim me as a dependant?
Answers: Your mother's entitlement to claim you as a dependent has little to do with your filing a tax return. If you meet the tests as a dependent then she can claim you and that's the end of it. If she can claim you, you lose your personal exemption.
If your income exceeds the filing requirement amount for your filing status then you MUST file whether she files a return or claims you as a dependent or not.
If she can claim you as a dependent, you must file if you had income from wages that exceeded $5,350 in 2007. If she cannot claim you as a dependent then your floor rises to $8,750.
Note that the language of the law is if she CAN claim you as a dependent you lose your personal exemption. It does not matter if she does not claim you for any reason, the mere fact that she CAN claim you costs you your personal exemption.
a person can only be claimed as a dependent on one taxpayers claim...either she claims you, or you claim you..