what is "ote" as within eg. 75000 pounds OTE?
Answers:
"On Target Earnings"
It means that this is not your pay, which you will receive regardless.
It is based on a "Target" behaviour (normally sales), and you are paid against that deeds (normally a sales commission).
So if you vend nothing, your payment might be nothing.
Other Answers:
'On Target Earnings'
This routine what you would earn if you hit your 'target,' so typically, it may or may not inculde a basic pay.
You should approach this with wariness, as many sale jobs are advertise in this comportment, and the target referred to may be completely unrealistic, so ask questions!
On Target Earnings
On target yield
Tax file HELP!?
I was a full time student below the age of 24 during 2005, and was working portion time. I filed my taxes as an independent individule. Can my parents profile me as a dependent in their export tax return coz i still live with them and they still support me.Answers:
You should not enjoy filed on your own, because they are competent to claim you as a dependent, you are not entitled to claim yourself.
Moreover, they're probably competent to take better benefit of the exemption than you can. In addition to possibly man able to claim any a hope or lifetime learning childhood credit.
Other Answers:
If you've already filed and done so as an individual, your parents can't claim you, unless you amend your return. 1 party cannot be claimed on 2 returns.
I should note I'm NOT a toll accountant. I'd go see one, she/he might own other options for you and your parents to consider.
no you hold to be under 21 i believe. If you file your taxes and claimed yourself they cant claim you anyway. Each person can with the sole purpose be claimed once.
If your parents are supporting you, then they can claim you.
They are the with the sole purpose ones who can claim you.
When you file your taxes, you must watch the directions that say, for example for Form 1040A: "If someone can claim you as a dependent, do not check box 6a." explicitly, do not check the box to claim an exemption for yourself.
If you have already file your taxes, and if you checked that box, you will need to folder a 1040X, amended return, to correct the error.
Source(s):
http://www.irs.gov/pub/irs-pdf/f1040a.pdf
Technically they can. Under the new tariff laws the defination of a child is a entity that is any a Child or Step-Child, Foster Child, it can even be a minor sibling or step sibling, or a descendant of one of these. The Child contained by question must be lower than age 19 at the end of the levy year or under age 24 and a full-time student for at tiniest 5 months of the current tax year (i.e. 2005). The "Child" must live near the "parents" for at least 6 months of the year next to the exception of a full time student living in a dorm, a child whose parents hold joint custody or a few other special circumstances (Like abduction or something like that). The "child" must be a US Citizen or a allowed resident of the US. And the "child" must receive more than half of thier support from the "parents."
Meaning this: If, articulate, your total costs for the year (school, room and board, clothing, car, whatever) are $24,000 or $2,000 a month and you engineer $800 a month from your part time chore, and your parents provide you with the other $1,200 a month your parents are eligable to claim you as a dependent. If however you construct $1,001 a month from your part time assignment (or even $1,000.01 for that matter) they cannot claim you as a dependent. If they are eligable to claim you as a dependent then you requirement to ammend your tax return - which you should be capable of do fairly glibly by going back to where on earth ever you filed them contained by the first place.
Source(s):
Tax law silver website
My dependent cashed contained by money bonds for college . Can I claim the interest on my toll form . they have her soci
Answers:
Do you plan on claiming it as income or a deduction? If they be in her nickname then any interest is income to her.
if i am pave the way of household to 2 children age 25 and 20 who made 6,000 and who made 5,000?
can i still make them my dependentsAnswers:
as for my fluency "NO" your dependents cannot have returns.
Other Answers:
Inorder to qualify for head of household you must claim dependents. If you provided the support for them and they do not database seperatly and claim the standard deducation then yes you can claim them as dependents.
Your dependents hold to be qualified relatives, to claim Head of Household.
M...Click me!?
What thing Texas hold?Use A to Z.please....Look like a-armadillo,B-bluebonnet,C.......Answers:
Dallas
Other Answers:
what are you on more or less?!
Mexican immigrant
Mares (female horses)
Moonshiners C - cactus
D - Dallas
E - El Paso
F - Friends
G - Goats
H - Houston
I - Indians
J - Jelly C-Cowgirls
T-that
K-know
H-how
F-fun
L-life
I-is
A-and
N-not
P-play
G-games
RW-Real Women
What does that spell? ctkhflianpgrw!! Wait, that not spell anything, well heck. Wait! That another item about Texas, the women assist us guys with these things! ;-) I LOVE Texas! My boat is docked at Galveston Bay, surrounded by Clear Lake Shores, my second home! a- alamo/astros
b- bluebonnet/branding irons
c- cowboys football team/cowboy boots
d- dance hall
e- el paso
f- fiesta
g- galviston/george bush
h- houston rockets/horses/high school football
i- iguana
j- jalape~no pepper
k- katy HS football squad
l- lonestar state/livestock
m- mockingbird
n- NIOSA (night in elderly san antonio)
o- oil
p- pecan tree/president's house
q- quail huntin
r- riverwalk/rio grande/rodeo/rattlesnake
s- spurs
t- tacos/texmex/tornados
u- university of texas
v- victoria
w- waco
x- teXas city? tough one
y- young at heart county
z- zavala county
born and raised...other have be and always will be a texas girl =D dont know
simply one thing i should know
I LOVE YOU
What is the toll free number to beckon the IRS and request an extention through the automated service chain?
The sooner the better.Answers:
The automated line be terminated last year. They probably looked-for all the extra paperwork that they couldn't achieve from a telephone call for.
Other Answers:
Live Telephone Assistance
Call 1-8OO-829-1040 . For further information, see Tax Topic 101.
Live Telephone Assistance for Businesses
Call Toll-free, 1-8OO-829-4933
Live Telephone Assistance for people beside hearing impairments
1-8OO-829-4059 (TDD). (Hours of Operation 7:00 a.m. to 10:00 p.m. Monday - Friday). For further information, see Tax Topic 102.
Good Luck Well, we see that you do own internet access, and you did ask your question contained by a coherent way. So we know you're not a complete idiot.
YET, here you are asking this request for information on yahoo, instead of just going to the motherf'in IRS website!
Putz
Source(s):
Ok, i transport it back, you are a moron. If you weren't, you'd realize that the first being that answered that question copied and paste it DIRECTLY from the IRS website... www.irs.gov.. click on "contact IRS" than click on "telephone assistance"..
Putz
From Married Filing Separately to Filing Jointly?
For years, spouse and I filed separately because I have a separate businesses, she had a separate business and we have a business together. We consolidated our businesses under our LLC and no longer have out sole proprietorships. We're thinking of filing in concert. What are the implications of moving from file separately to filing as one? We calculated it and we'd be saving money, but we of late don't want to be audited from the other's business activities (not that we hold any). Advice please?Answers:
Simply stated, it is very unusual that there is a benefit from file separately. More than likely the two own you should have file jointly a long time ago. There are no implication except that you will likely salvage money.
Other Answers:
There is no law that say you have to record either road.You can file married single or married mutual.Usually joint get you the best tax credit.
i be a sub contractor 3 years ago,andi did not report my 1099s do i still hold to directory those?
can i get audited for not file those yearsAnswers:
Actually you have 3 years to claim a compensation and up to ten years for the IRS to audit you. It is up to you but I would highly recommend that you directory your taxes.
As a subcontractor you are subject to Self-employment tax which is %15.3 surrounded by addition to your income export tax rate. It is highly feasible that you owe the IRS. In the event that you are audited they will penalize you for not filing a return and charge interest for adjectives of the time that has passed since the ingenious due date of the tax return.
Considering it have already been three years, if you owe later there will already be a substantial amount of interest and penalty that will only grow. On the other mitt if you are due a refund, afterwards you only enjoy until April 17 to file and receive the money. After the 17th any reimbursement will be gone forever. BTW if you are due a refund consequently the IRS will send you the return plus interest.
Other Answers:
yes you can be audited.thing is(of course)if they owe you you lone get 2 yrs to profile.but if you owe them it's indefinete.
Source(s):
been in attendance,done that.
how long do you own to hang on to your due paperwork?3 or 7 years,or what?
Answers:
It is 3 years for all returns. On April 17th the IRS is going to be removing adjectives their records for 2002. Meaning you can't amend them and they can't audit you. No point contained by keeping them any longer. Start shredding.
Monteverde2
US Army Tax Preparer
Other Answers:
Typically three years. If you file EZ and don't own to file an amended return, later you can pitch it (shredded or burnt) after three years. For others I'd go to the IRS website to find out. It's too complicated to roll here.
i am a nanny how do i take-home pay taxes?
Answers:
If you are considered Self-employed, i.e. your employer condisders you an independent contractor and does not withhold taxes, you must make estimated levy payments quarterly on form 1040ES. When filing taxes annually, you must include the Form 1040SE, which is your self-employment toll. When you are employed by someone who with holds tariff, that employer pays half of your fica export tax. Now that you are an independent contractor you must pay the full 15% Fica due. (you are able to reduce by half of the Self-employment (FICA) due towards your adjusted gross income thus reducing your excise liability.)
how much can a single soul reduce by within coaching surrounded by a fiscal year?
Answers:
It depends on how you file.
What if you don't folder your taxes?
What if someone doestn' file their taxes? A man I work beside said that he hasn't filed contained by 3 years but now he wishes to but he is affraid.Answers:
I had one year that my taxes sent surrounded by the mail apparently get lost. I only have about $12.oo coming put a bet on, so I paid no attention to it. Nothing come of it until 5 years later. The IRS sent me a catch sight of saying they never received it. That beside penalties and interest I OWED THEM over $48,000.oo!
I have to get an attorney.....concluded up costing me around $11,000.oo.
Other Answers:
Than sooner or later (soon) he'll be going to intern
Eventually they WILL come after you. Better late than never - also better hope that you dont own to pay motivation they add ALL SORTS of fees and interest. Get it done - government dont like their source of revenues stopped, they similar to to keep the money flowing contained by for their pork barrel giveaway!
you'll live tax free surrounded by gaol.
Source(s):
merlin
Eventually, the IRS will come after you, but if he files and pays the penalties and unsettled fees, it should be (relatively) fine.
wow....he should seek push for from a lawyer or cpa, but i know he will for sure hold to pay interes on what ever he owes.
He requests to come clean or he's screwed. Right very soon it is a financial penalty, then on it will be a felony.
JAIL! You can go to send to prison for not filling your taxes not because you didnt recompense. Actually you can fill your taxes and do not earnings, and then subsequently you will be charge of extra fees and penalities. Check why Al Capone made it to jail.
He requirements to contact the IRS and get next to them himself...they are not going to be as bad on him for not file then if they audit him and find out that channel. I had a friend that didn't directory for 3 years and thats what she did.
The IRS will file them for you base on information returns submitted to them by employers, customers, bank, etc. If you have any style of paper trail (W2, 1099, etc) and a social deposit number, the IRS will find you and make you salary.
When the IRS catches him, and they will, he will own the opportunity to pay next to the penalties, interest, etc. If he chooses not to foot, he will go to incarcerate, and he will always owe those pay for taxes!
If he doesn't earn over a certain ammount, consequently he doesn't have to directory. If has earn over the ammount, then eventually, he will own to pay. It's better for him to budge to them rather than the other course around.
Source(s):
http://www.irs.gov/faqs/faq2-1.html
how do i find out when i will receive my homestead charge reimbursement?
Answers:
do thiink uncle sam will give you anything, come on, catch real
How much money can you breed surrounded by your own business and not own to report taxes? $500 $700?
Answers:
$0. You're supposed to report all income on your taxes.
Other Answers:
If you are maxim its your own business as in self-employed, you will other owe taxes no matter what you craft. This is called self-employment due. You pay your share of social warranty tax and medicare duty, commonly known as FICA, times two because you are both the hand and the employer. Sorry. Hope this helps. Visit www.irs.gov for more information.
You should report a tax return if you hold your own business wheteher you make or lose money. If your question has to do beside paying taxes, you can net up to $400 per year surrounded by a self-employed business without have to pay self-employment excise. If the $400 net is your solely source of income, you will not have an income rates liability either.
what's the contribution put a ceiling on for a Roth IRA within 2006?
Answers:
YEAR AGE 49 & BELOW AGE 50 & ABOVE
2002-2004 $3,000 $3,500
2005 $4,000 $4,500
2006-2007 $4,000 $5,000
2008 $5,000 $6,000
Other Answers:
IRA Contribution Limits
YEAR AGE 49 & BELOW AGE 50 & ABOVE
2002-2004 $3,000 $3,500
2005 $4,000 $4,500
2006-2007 $4,000 $5,000
2008 $5,000 $6,000