I am a former spouse of a retired fed gov. employee. How much of the annuity I receive is taxable?
Answers: OPM will send you a CSA Form 1099R. The "taxable annuity" is in a box on the right hand side of the form.
That is dependent on several factors. Look here to untangle them or for a number to call: http://www.irs.gov/
I owned shares within Metlife and sold them within 2007. I lost the 1099?
I THINK they sent me a 1099 attached to the check for tax purposes.( I can't find the receiving part anywhere surrounded by my house.) If indeed it was a 1099 or anything it was call some questions:1. I know if it be a 1099 I have to claim the money from mart of shares. How do I get a copy of it?
2. if it wasn't a 1099, do I own to claim the sale of shares and where on earth do I enter it on the tax form?
3. Where do you suggest I lost it in my house?LOL
Thanks for any backing regarding 1 & 2.
Answers: 1. Call MetLife and hold them send you another copy.
2. Gain or loss on the mart of shares is reported on Schedule D.
3. Maybe it is not in your house. Maybe you threw out the form beside junk communication.
The transaction should be part of your year wind up statement, which a broker will provide for tax purposes.
On it, it will explain what (if anything) be withheld for income tax purposes, though it's possible zilch was and you will be tax at the capital gain tax rate, on Schedule D of the long form (1099).
Your broker will also indicate that the proceeds be reported to the I.R.S., so it's your responsibility to report it on your tax form, or you'll be contacted by the I.R.S.
You see, everything that get reported needs to be matched up next to your filing.
Same holds true for taxable returns from Banks.
I hope I've given you sufficient information so that you will not encounted any untoward difficulty with your taxes.
You may call for the services of a professional tax preparer if you haven't have experience doing a long form.
I am not familiar beside form 1099. It sounds like it may be a US form. Anyway you must report adjectives income earned on your Canadian Tax Return for 2007.
When you put on the market any Canadian shares you must report the results on schedule 3. You will find these schedule with the T1 bunch you received from the tax boys. If not you can pick up a copy from the post organization. You will have to show the year you acquire the shares (if you know); how much you received when you sold them; cost of your shares; any expenses when you sold them, such as commissions; and then report your gain or loss. 50% of the gain is taxable. Remember that if it is a loss after you must have some gain in 2007 contained by order to write past its sell-by date the loss, if not you can transport forward until you make a wealth gain on a sale. The gain does not hold to be from shares, it could be from real estate or something else.
Can child support designated specifically for “childcare” be claimed as childcare expenses for a levy credit?
More specifically, can an amount paid surrounded by child support that is designated specifically for “childcare” be claimed as childcare expenses for a export tax credit in 2007?For example if the non-custodial parent pays $500 a month to the custodial parent of which $300 is designated as “child support” and $200 is designated as “childcare,” could the non-custodial parent claim childcare expenses of $2,400 for the year ($200/month)?
Assume that the non-custodial parent have no way of verify if the money designated as “child care” is actually man spent on childcare.
Answers: The instructions for Form 2441 state that:
"The noncustodial parent cannot treat the child as a qualifying party even if that parent is entitled to claim the child as a dependent under the special rules for a child of divorced or separated parents."
So even if you pay packet child care expenses you cannot use them for a rates benefit.
No, because child support is never deductible to the paying party.
If you compensated someone to care for a qualify individual so you (and your spouse if you are married) could work or look for work, you may be able to claim the credit for child and dependent effort expenses. If you are married, both you and your spouse must have earn income, unless one spouse was any a full–time student or was physically or mentally incapable of self–care. The expenses you rewarded must have be for the care of one or more of the following qualify individuals:
For certain custodial parents, refer to Child of Divorced or Separated Parents contained by Publication 503 , Child and Dependent Care Expenses. A noncustodial parent, however, cannot treat a child as a qualifying entity even if the parent may claim the child as an exemption.
.
Try looking here for correct answers: http://www.irs.gov/
They wrote the rules and know all the ins and outs.
You should enjoy the right to an accounting of any amount paid and designated for a specific purpose.