How to claim income export tax rebate?
Question:
I have be retired for 12yrs and have rewarded tax on
a private allowance for the 12yrs. My total income is
lb150 per week (tax paid annually is lb160--48p)
Would I know how to claim a rebate?
Answer:
On the face of it you are entitled to a rebate.
If your total income is lb150 per week thren this equates to lb7,800 per year.
If you are over 65 years of age consequently you are entitled to a personal allowance of lb7,280 (2006/07 rates).
This leaves your taxable income at lb520 with a toll liability at 10% equal to only lb52.
Need more info - your age and conjugal status. Also, does the lb150 include the State pension and any investment income?
If someone's Mother is completely & totally disabled is she considered a "qualify child" for EIC credit ?
Question:
She passes adjectives of the criteria for 'qualifying child' or 'qualifying relative', but what worries me is that 'parent' is not listed on the information sheet. I stipulation to know if she will qualify the Head of Household for a 2nd EIC credit, a difference of over one thousand dollars in settlement. Can taxpayer take the EIC credit for 2 dependents, himself and Mother, is the put somebody through the mill; she does pass adjectives criteria . Thanks
Answer:
No, a parent can't be a qualifying child. There is a register of who can be, and "parent" isn't on it - so no, she doesn't pass even the remarkably first criteria for a qualifying child.
It is manifestly possible for a parent to be a qualifying relative, and to qualify someone for file as head of household, but not for EIC. And you can't claim yourself as a qualify person for EIC any - you mention two dependents, yourself and your mother - neither are eligible as qualifying folks for EIC. If your income is low enough, somewhere around $12,350, you might be capable of get something from EIC, but can't use the columns for have qualifying children if it's simply you and your mom.
IRS levy and payroll?
Question:
The IRS levied my employer account and we are a small business and adjectives that money was for payroll. Does anyone know if the IRS can not levy payroll funds if they are labeled payroll. The IRS articulate they can do whatever they want. Does anyone know if they can do this or not. I entail a specific code if they can not levy payroll funds. Thanks for the help.
Answer:
Yes they can and your employer know this was coming, the IRS sends a Final Notice of Intent to Levy 30 days beforehand the levy is placed.
Regardless of whether the bank provides the description balance information when requested or contained by response to a summons, the levy attaches to the funds in the sandbank account at the time the levy is served. Upon service of a levy by an IRS hand, the bank should right now freeze the funds in adjectives bank accounts containing funds to which the taxpayer is entitled. Claims to funds not nonetheless processed against the accounts, such as checks, account charges or loan payments owed to the mound, may not be honored until the taxpayer deposits additional funds surrounded by the account or IRS releases the levy.
http://www.irs.gov/businesses/small/arti...
http://www.irs.gov/businesses/small/arti...
Yes, the IRS can do anything they want.
The IRS can levy any funds or assets a company or person have if they let it attain that far. If not, companies would put all their money within a payroll account when they know they were more or less to have their excise bill paid involuntarily.
The IRS give plenty of notices and opportunity for taxpayers to take strictness of paying their tax bill. This should not hold come as a surprise to your employer.
What gives you the belief that they can't levy payroll?? Sorry, but the IRS comes first in the food fasten, even ahead of employees.
Your employer know that and is planning poorly if he or she let that come to pass. They knew almost the levy at least 30 days contained by advance (formal thought from IRS) and probably suspected it for a few months prior to that.
I'd strongly suggest dusting off your resume and getting a mission with a more reliable employer.
If I forgot to put my social financial guarantee number can i do it online?
Question:
Answer:
Put your SSN on what? No one can answer your question. We hold no clue what you are talking going on for.
It depends on what it is. If it was your charge return and you sent a W2, they have your SS#, and you can forget just about it.
no
If you mailed a excise return without a SSN, you hold not filed a proper return. What you mail WILL be rejected. However you file a correct return, it is no past due. If you owe the IRS, you also owe a late file fee and interest.
What is the IRS phone number to report your income taxes over the headset?
Question:
Answer:
The Tele File program was dropped since the 2004 file season, you have to any Efile using a computer or submit a paper return
That function completed a couple years ago.
You can not file income charge return with IRS over the phone anymore.
Checkout this association :
http://tax1040.blogspot.com/2007/04/can-...
Irs.com Do I call for to attain an extension from my state as okay as federal?
Question:
do I need to seize an extension from the state irs also?
Answer:
That is impossible to say; several states automatically follow the federal extension, but some require a separate form. Then again, some state don't even HAVE an income tax, so they unmistakably wouldn't care something like an extension.
Find the website for your state tax authority using the knit below, and do a search for "extension." You should know how to find instructions on what to do. Good luck! :-)
1. The IRS website is IRS.GOV, not IRS.COM.
2. A state 'Department of Taxation' or 'Department of Revenue' is NOT called the IRS.
3. The state doesn't guardianship what you file next to the IRS, they want there own forms.
It vary by state. In CA, you are automatically given an extension without doing anything. In most cases, the extension will any be automatic or you must file a separate extension request. Filing an extension for your federal taxes will not relief you with the state if they require you to apply for one.
Yea. In California the extension is automatic. UNLESS. You owe money. Then you enjoy to file a state extension 3519 and distribute ALL your taxes due.
Tax interrogate - Schedule C?
Question:
Hi,
I had a loss final year for my business and want to know if i can take that loss on my gain for this year? if so? Where on Schedule C do i do this?
thanks
Steven
Answer:
The unused portion of a Net Operating Loss can be carried backwards or forward. If you want to convey your loss backwards, you are allowed to amend your previous years returns using form 1040X, or you can use form 1045.
Your Net Operating Loss (NOL) from last year is not reported on Schedule C.
To fetch forward a NOL, show your figure as distrustful income on the "other income line" of Form 1040. Attach a sheet explaining the NOL, and giving complete details and the computation you used to figure your loss.
Here's a intertwine: IRS Publication 536
http://www.irs.gov/publications/p536/ar0...
There are times you should should use Schedule B, or Schedule D. Pub 536 has examples, and instructions for the worksheets.
Well, you can with the sole purpose claim the loss if is considered a carry over. You will obligation to speak with a rates professional in regard to your specific situation.
But normally speaking unless it be a major loss, fluent disaster, etc ... you will not have a loss convey over.
Good Luck!
No, the 2 years are separate. Can't be done.
What is Home Depot's empolyer ID?
Question:
Answer:
Hello, Kenneth! Home Depot's EIN is 95-3261426.
It's on your W-2.
If you have the paystub from the concluding month of 2006, you can probably use those numbers for your tax return. In the meantime, report an extension and then try and achieve a copy.
However, just to directory the tax return, you don't want your employer's Tax ID # - it doesn't show up anywhere on the actual return.
Taxes for Indians living surrounded by Australia?
Question:
Hi, I want to shift to Australia for a few years. could you please tell me what are the taxation policies of Australia for foreigners. I am an Indian, working as Project Manager surrounded by Marketing Research in Gurgaon. If you could provide me next to any more information regards shifting to Australia, it would be constructive too.... thanks for your time!
Answer:
The Australian Taxation Office have a fairly comprehensive paragraph of their website dedicated to non-residents and company. Follow the link below for a account of issues that they address. Good luck! :-)
Can an ex-employer hold a pay cheque check? Said they would cut one Friday and in a minute are saw they wont cut on untill
Question:
Used to work for a trucking company, settled everything as far as keys etc run the day I quit. They told me that they would cut me a check on Friday when I go there they told me it would be the subsequent day. Now they are recounting me that they would not pay me untill they get an estimate on a small damage that be done to the truck. Is this legal?
Answer:
Doesn't nouns legal to me at adjectives. They are required by law to issue you your finishing paycheck by the next planned pay time. Even under Texas law they would have to attemp to verbs any losses from you (like not turning in equipment, ect) by another channel such as small claims court--NOT out of your work wages. That is your money and there is no excuse for the hindrance.
I had a friend that I worked near in CA and she finished up bringing her previous employer to court because of the same exact thing---they kept giving her the run around on her final paycheck. She not single won her case, but finished up getting even more money awarded to her as well from that company because they wait so long to pay her, so you may own to threaten him with something close to that since the law is on your side.
If you quit they can hold check explain to next foot period if you find fired they must pay you inside 2 days as far as trucking company dont know
They don't have to wage you before the morning you would normally be compensated for the time you worked. I don't believe it is legal to hold a discharge check because of other money you MAY owe the company. If the amount was agreed before payday, they could take off it from your final pay.
It depends on the state you live surrounded by. Some states have a 72 hour ruling, some are next reward day and some is the daylight you quit.
It is traditional in the trucking industry for them to reimburse on the next settle up day. If near is damage to the truck later that can/will be deducted and can hold up a check until that destroy is assessed...yes, it should be easily done, but trucking companies similar to to mess with drivers that quit or are fired.
I would suggest that you beckon your home state's labor board and ask them what the law is on the dot limits for final remuneration. At the same time you can ask them what your option are if the company doesn't pay you on the dot. This too varies from state to state.
Unfortunately, because truck drivers are not covered underneath most fair labor law (we are lumped under the unskilled labor designation along near agricultural workers), your only recourse may be to folder in small claims court for your pay packet. If you are a member of OOIDA, after you can contact their membership services department and they will at most minuscule call the company and try to leap start them.
Also, you might have a advocate draft a letter demanding pay-out of the monies due you. If the company is large, consequently this might not work, but if it is small, they may want to avoid threatened litigation.
I would also suggest that you check your DAC report asap. If this company is saying you shabby their equipment and report to DAC, you may find that they have put surrounded by a bad report on you. If they enjoy, you have the right by imperative to challenge the desperate report and also to have a statement from you put on your report that explains what the wounded was and that an error be made in the reporting.
Good luck...I hope they make available you your money.
Import cost for a laptop surrounded by india?
Question:
Hi all, i might win a laptop as a gift from USA, what will be the charge when i receive it india including adjectives charges, it is a gift will nearby be any customs duty? any help would be great, will it be too costly ?
Answer:
yes it will be too costly if u obligation to pay custom duty... ask some one to convey it allong as a luugage and show it as personal item... i think it will solve the problem
IRS discount site say should be here soon, but it doesn't right to be heard Sent but?
Question:
I efiled my tax return a couple weeks ago, and the compensation status page says I should receive my check by April 24th, which is subsequent Tuesday. My sister filed indistinguishable day, and her status page in a minute says "it be sent". Will i still get mine by the 24th? Or do I own to wait till the website say the check has be sent?
Answer:
Did you elect to have your compensation direct deposited or mailed to you?
If it be direct deposit it should show in your sandbank account by monday
If you are getting a quality newspaper check, it was probably mail yesterday and you should get it by the failure of next week
Can a charge discount be delayed?
Question:
my friend was gonna attain a tax compensation, but the IRS never received the tax return forms.
he have hired some people for duty help within february and paid 30 bucks, but he doesn't know if they sent his return or if it be lost in the e-mail.
he doesn't know if they did it online either. he get his State refund OK, but the federal is missing
ca he still obtain his refund?
Answer:
First, if he doesn't KNOW that it be sent, he hired INCOMPETENT help to wallet his return.
Second, calling the IRS at 1-8OO-TAX-1040 (1-8OO-829-1040) should verify if the IRS ever received your return and when the mailed or expect to correspondence a refund.
As long as he is due a return, there is no belated filing cost and he can claim the return for up to 3 years after the due date of the return.
Wow-so many unreturned questions! The nation your friend paid to record his taxes should of given him a copy and if they filed online, nearby should of been a see saying it have been official by the IRS....it usually takes 24 hours after submitting your return online for the IRS to adopt it. If your friend filed route back surrounded by February, it has be way too long a time term for them not to have received their repayment! It sounds like it be never even filed it contained by the first place.
Why can't he go posterior to the person he salaried to do his refund and ask them roughly it? Tell that person that prepared his forms that you want to know if it be transmitted to the IRS online or if they mailed the forms within. He would of had to sign the return if they did communication it in---does he remember doing that? If not, then they probably file online.
Why not go to Where's My Refund on the IRS website-here is the link-
https://sa1.www4.irs.gov/irfof/lang/en/i...
and check here to see what your status is. If you put in adjectives your info and it says that they enjoy no information on your return, then you will know that the soul who your friend paid to do his taxes never sent them within. The refund status should influence that they received your return and it is being processed or hopefully a deposit date. However, if your friend did not afford his checking account info to the preparer, later you will probably be getting a check in the letters. Hopefully there is not a fraud issue going on here as ably with the preparer, because your friend really should of have their refund by very soon unless it was lost within the mail.
You can other call the IRS and ask them around it as well:1-8OO-829-1040 because they will be capable of reissue another refund if contained by fact it be marked as "undeliverable" because of an address changeover or if it was lost contained by the mail and they can trace it. But, you own to call first to find out what is going on and to agree to them know you never received your check.
Your first sentence tells you why he hasn't gotten his compensation, The IRS never received it. If it was efiled he requirements to ask his preparer to resubmit it. If he can not locate the preparer he should make a copy of his return and w-2s and post them in..
The non account of the return is what is delaying the discount, the IRS can't send a discount out when they don't have a return to process
What if we adjectives file exempt?
Question:
Do you think that if everyone contained by the country claimed "exempt" on their W4 starting today that the government would finally amend the tax law? They would have to do something different, dont you feel , i mean they cant arrest 200 million society.
so if after claiming exempt and refusing to pay envelope in at the back of the year , what kind of hostile response would there be , from the IRS, or from the elected representatives.
I hesitate when using the word "government" as if its some seperate orginization, the elected representatives is the people. WE are the rule. the people who we refer to as the administration are only appointed by us to represent us. And however it seems that they singular represent themselves and their interests. I dont remember getting a vote on their pay raise.
after all the constitution say that we are all exemt. that income taxes are unconstitutional.
Answer:
Here is what the 16th amendment have to say just about taxes
1. The United States Constitution, Article 1, Section 8, Clause 1, states “The Congress shall have the Power To lay and collect Taxes, Duties, Imposts and Excises to retribution the Debts and provide for the common Defense and standard Welfare of the United States.”
2. The Sixteenth Amendment to the Constitution,
ratified on February 3, 1913, states,“The Congress shall hold the power to lay and collect taxes on
income, from whatever source derived, in need
apportionment among the several States, and without
respect to any census or enumeration”.
3. Congress used the power granted by the Constitution
and Sixteenth Amendment and made law requiring
all individuals to pay packet tax.
4. Congress have delegated to the IRS the responsibility
of administering and enforce these laws particular as the Internal Revenue Code. Congress enacts the charge laws, IRS enforce them.
5. Courts have historically held here are no Constitutional
or legal grounds for end to file export tax returns and
failure to rate taxes.
6. The term voluntary compliance system that each of us is responsible for file a tax return when
required and for determining and paying the correct
amount of toll.
7. Failing to file required returns and failing to reimburse taxes may result in criminal prosecution and/
or civil penalty.
8. While taxpayers have the right to contest their duty liabilities contained by the courts, taxpayers do not have the right to violate and disobey import tax laws.
>>>>after adjectives the constitution says that we are adjectives exemt. that income taxes are unconstitutional.
<<<<
No, it doesn't.
Don't waste your time, dash & resources using this method to change the tariff laws. Very shortly you would be buried within IRS correspondence, possible audits, civil and maybe even crimminal prosecution. You do not hold the amount of money, energy, and resources you would necessitate to successfully defend those quality of actions on your bit. A better approach, if you really want things changed, is to be very proactive next to with the canon makers, the Congress. In opinion, the IRS, in reality all governmental enforcement agenies are merrely enforce the laws. If you want any of them to stop enforce them, then the law need to be changed.
The IRS have been reviewing W-4 forms claiming more than 14 exemptions. If you claim to be exempt, you probably will receive correspondence from the IRS service center curious how you are exempt. Don't be stupid, remember when it comes to ideas in the order of beating the IRS "If it is too honourable to be true, it probably is." That goes for numerous scheme that people own come up with newly to beat taxes.
I never file my export tax return for 2003 and I in recent times get a huge bill from the IRS. Am I screwed?
Question:
Answer:
phillipfostercpa knows newly enough to be DANGEROUS. There is a 3 year statute of limitations to ASSESS taxes. That finances the IRS had until April 15, 2007 to determine you owed money. The 10 year COLLECTION time of year, did not BEGIN until they assessed taxes.
You should complete a return for 2003 yourself or with backing. The IRS calculation is other the maximum you COULD owe without accounting for deduction and credits you may be entitled to. Any refund you could enjoy claimed is now lost, but your due liability is probably less than they computed.
EDIT: I maintain seeing answers here claiming a 10 year Statute of Limitations for collecting taxes. I have nonetheless to find a CREDIBLE source for that claim. The closest I can verify is that a Tax Lien is good for 10 year IF NOT RENEWED.
Yes, probably. Why didn't you report your return? It's always better to folder on time (even if you can't pay). You will procure stuck with huge penalties/interest for damp squib to timely file/pay. That's what happens when you don't database your return. The IRS is "kinder, gentler" now and they will tolerate tax delinquent string them out for years with outstanding balance, but they aren't so nice if you just don't directory your return. I'm assuming you are probably being billed for more interest/penalties than you would hold had to take-home pay if you had a short time ago filed your return and set up an installment plan. Depending on how much you owe, you should probably consult a toll attorney or CPA with speciality within dealing with the IRS and own someone help you report a properly prepared late tariff return. IRS can file liens against your property (even your home), adjectives earnings, and garnishing your wages. If they levy against you, they will send parcels to previous/current employers and anyone that give you a 1099 in proclaim to determine if any of these people owe you money so they can grab it. My advice......procure professional help right away. Many tax professionals are skilled at dealing beside the IRS and can probably help you avoid one garnished or have liens placed on your property. The good entity is unless you owe an enormous amount of $ (tens of thousands), later they will probably just work next to you. You may want to see if you can set up an installment plan. I believe the minimum payment they will allow is $45, but you can "string them along" for abundant years as long as you show that you are making an effort to remuneration. Good luck.
It is possible that the amount that the IRS assessed you will go down if you record a return. They base their amount on file with standard speculation and no credits.
By filing a return, you may drop off the amount that they say you owe. Its also possible that you over rewarded. That's the good communication.
The bad word is that if you show a refund on your return, you will not acquire it. The statue of limitations on claiming a refund for your 2003 return be April 18, 2007.
Woody,, it's about time for you to wallet that 2003 tax return,, don't you agree?
more than credible the IRS sent you a bill for tax on the entire amount you made for 2003 near no deductions etc. So after you carry that tax return chock-full out you will be looking better,, but will still be paying failure to wallet penalty and interest, etc. The bill will be worse than if you'd salaried on time,, but the bill won't run away so the sooner you file and pay cheque the better off you'll be. I assume you didn't plan to catch a refund for 2003? if you did,, it's too postponed now,, time for compensation on 2003 has expired.
You can any agree with the taxes as figure by the IRS, or disagree.
If you agree that the taxes are correct, then you want to pay by the date indicated on the communication or face further penalty and interest. Unless they are requiring a return at this point, the letter may already hold figured your taxes, and if you settle up what is shown immediately, you are finished and not required to submit a separate return.
If you can stifle your taxes by filing the 2003 return, do so urgently and pay the amount you integer, plus penalties and interest. In precise, if you had sale of stock, your gains may be smaller amount since the IRS figures the starting place to be zero.
Keep annals of all communication as expected.
Sometimes the IRS overstates the bill for non-filers, so you may not owe as much as is on the bill. However, you can expect to pay more (and surrounded by my opinion should salary more) than if you had file and payed timely. I think you should want the profession help of a levy expert. Now is not the time to go low cost... find someone who is experienced and up to date.
Good luck!
Just look for an employer who will pay you within cash (so your wages cannot be garnished) enjoy your possesions and car surrounded by someone elses name (family member) and...if you can stand the pressure...dally out the 10 years it takes for the debt to be deem uncollectable. (you only hold 3 years more to go). So when the debt to the IRS is 10 years old and they enjoy not yet collected...they enjoy to default on the money you owe them ( I read it on a officially recognized website about tariff settlements) and voila!... debt cancelled!! or just emphasize bankrruptcy...or have the IRS conquer an installment payments agreement with you. Note: I am ***not a trial attourney*** (please consult a lawyer) so any thing you choose to do near this information, will be under your own discretion and responsability.
CAUTION!
1) The 10-year Statute (not statue) of Limitations did not start on April 15, 2004; a bit, it started on the date the IRS assessed the 2003 income-year taxes, in this casing, and, perhaps, lately!.
2) I do not advise going underground near an employer who pays cash, "underneath the table." Both you and that employer would be responsible for fraud, with intent to evade taxes, which can bring you, both, some prison time!
********************
Yes, verbs together the best records you can find, and include, by adjectives means, what the IRS already have on their transcript. The IRS will gladly fax, or e-mail, the transcript to you, at no charge. Just call 1-8OO-829-1040.
If you, resembling many relatives, don't "have the stomach" to ring the IRS for the transcript, yes, choose a good EA, CPA, or excise attorney, and give him/her a special Power of Attorney (Form 2848) to do it for you.
File the return. It is importantly likely, as others enjoy suggested, that your income taxes, as calculated by you, or by a professional tax preparer, will be much smaller amount than that calculated by the IRS, on their "Substitute Return."
Phil
http://www.phillipfostercpa.com/tax.html...
Yes, you're screwed. Maybe not. Get all your paperwork from 2003 and record your return. The IRS probably estimated your taxes based on the information they enjoy. If you file and you multiply that you owe less than they figure, you'll only own to pay your calculated amount. But you will still enjoy to pay interest and penalty.
Now the bad word. If you figure you own a refund coming, you've lost it because it's former the statute of limitations of 3 years past the productive due date of 4/15/04
Several points: 1. The three year statute of limitations for the IRS to assess the 2003 tax did not start against them until you report your return, which you have not. 2. They figure your tax base on W-2s, 1099s and other information provided to them. If you have deduction, they have no clue roughly speaking them. 3. You did not indicate if you have not file for other years. If you file a return for 2003, 2004, 2005 and 2006, you may owe greatly more. That would be your opportunity to file an application for an installment agreement or an give in compromise. The donate in compromise could be to settle them a lump sum (always a tough play) or to offer to repay part of the duty liability over time. Good luck and DO NOT IGNORE your tax problem. 4. The IRS does enjoy a 10 year statute of limitations on collection, 26 USC section 6502(a). ("(a) Length of extent
Where the assessment of any tax imposed by this title have been made inside the period of curbing properly applicable thereto, such tax may be collected by levy or by a proceeding surrounded by court, but only if the levy is made or the proceeding begun--
(1) inside 10 years after the assessment of the tax..."
If the 10 year spell is coming to an end, the IRS can ask the US Attorney to sue you to decline the tax liability to sentence. As a judgment contained by favor of the US government, it will not be subject to any statute of limitations.