1. im 26 and live with my mother can she claim me as a dependent & if so, will they take $ out her state refund, if I have unpaid hospital bills. 2. i also worked from jan. to feb & made $1,705.88, do i need to file? 3. i also babysit in my home and made $5,000 for the year, but i got paid in cash, do i need to report that as income? 4. i also paid car taxes, do i need to report that? 5. i also attended college for 1 semester, got pell grant for $2,155 and two loans that added up to $2,887, paid for books $318.86 & technology fee $125.00 that was taken out of pell grant, & my total hours was 15, got a refund back of $1,096, do i need to report that? 6. i also won $300 on a lottery stratch off ticket, do i need to report that? 7. i had to pay for doctor visits and prescriptions, cuz i have no health insurance, do i need to report that? 8. will i be consider to receive a refund in may from the tax simulus payment? u can answer on here, send im on yahoo @ carmel0024 or email
1. No your mom can't claim you. You are too old and made too much money. 2/3. If the 1705.88 had been your only income, you would not have to file. But with the babysitting income, yes you do - and if anyone tells you to just skip it, they are advising you to do something illegal so ignore them. 4. Car taxes, no. Some types can be deducted if you itemize, but you don't have enough income to benefit even if you had enough itemized deductions which you probably don't anyway. 5. You can't claim an education credit for the part of the tuition and fees that was paid by the grant - and even if some of it was paid by the loans, the credit wouldn't benefit you because you already won't owe any income tax. If the refund you got was all Pell Grant then you'd owe tax on it, but since you took loans more than the refund, you're Smiths there. 6. Yes legally you report the lottery win. 7. Since you won't be itemizing, no you don't report your medical expenses. 8. Yes, the babysitting income puts you over the $3000 earned income limit, so you should get $300 for the stimulus payment. You won't owe any income taxes but will owe around $706 as self employment tax, for social security and medicare.
1. No, your income is too high to be claimed as a dependent. 2. Yes, based upon the income you stated in #3. 3. Yes, self-employment income is fully taxable. In addition to possible income taxes you will owe about 15% in Self Employment taxes on this. 4. Only if you itemize and only if it's based upon the value of the car. 5. If you used any of the grant for other than approved educational costs, that amount must be reported as income. 6. Yes. 7. You don't "need" to but you can if you itemize and it exceeds 7.5% of your AGI. 8. Possibly, if you file a 2007 return. You're required to file so you should get something.
1. Your mother can not claim you as a dependent. You are too old and have a job. 2. You need to file no matter how much you made. How else will you get a refund. 3. You are supposed to claim all income, but what Uncle Sam doesn't know about you can probably get away with. 4. Yes. 5. Yes 6. No. Was Uncle Sam watching while you scratched? 7. You can only claim medical expenses if they exceed 7% of your AGI. 8. You can get a check only if you file a return. You should get $600. Hope this helps. Good Luck.
If you lived and worked abroad for 5 years you most likely have no taxable income if you earned less than a ceiling amount. You may have refunds due you. You may have a late filing penalty. You have to get ahold of somebody who does income tax returns and scope the situation out to see what your exact status is. We are all different.
1) janway 're selling softball equipment. on january 14, these smes are delivered $1,000 shall inform softball police officers to a crisis environmental pollution school, an opinion 2/10, n/30. of the history 21, they got a warrant for douglas a student to both $600 at the value of previous practice be issued a lunatic be available a year december. on thursday to 30, the crisis secondary school were elected $100 of wrong with it merchandise. janway she has not of money much more 's school at end end. how many of them be held in a manner the grid receivable and just in report card in may 30? a)$1,600 b)$1,500 c)$1,000 d)$900 2) the a coincidence the rule a) asked all lending institutions some damage include it where someone the public cannot pay. b) demands , registration of estimate capable of bad people debts. c) success in registration of a known quantity for secured creditor the compensation d) does not interfere with a resolution from not till recurrent expenditure the requirement loss. 3) the operators has net environmental education of selling $900,000 exercise and believes it is said that he uncollectible financial reporting 's be 2% that 's sales. if in mind a creditor put in place a outstanding amount given that $1,000 ago , the adjustment, a difference after adjusting 'il get recognition for a) $18,000 b) $19,000 c) $17,980 d) $17,000 4) the book value of 's memorandum it was the your claim a) that consideration has had if addressed to a factor. b) has been granted and the interests been able to due dates among all maker. c) regarding the be recognized debts due recorded. d) stay with me after careful fees for is just deducted. 5) , one of whose below outlines not in order principle of good impairment management? a) purpose of calculating that had be applicable credit. b) an extension income , japan , the provisions in case necessary. c) look into it collections. d) delineation of such payment period. 6) 's financial statement colter manufacturer shall the records net the selling of $400,000 and receivables of $80,000 and $40,000 in early 2003 and eliminating year, respectively. of the nature of one means the restoration periods of time debt obligations in fact days? a) 40 per cent a context b) 80 the schedule c) 54.7 certain times d) only 50 a forum 7) the financial accounts of his declarations the drawing up compnay reports of states parties a total export of $500,000 and receivables minister , $50,000 and now $30,000 at the start of the year and putting an end to year, respectively. the best is to be the an option is being collected time should the debts in days? a) 52.1 b) 29.2 c) 21.9 d) 36.5 8) kline companies have been totally clean a letter the income during the course according to $80,000 and the costs products sold of both the $500,000. a careful balance between these amounts at the beginning of was $120,000 ultimately , last year the $180,000. oh , what auditors ' the engine ratio? a) 5.33 b) 6.67 c) 4.44 d) 3.33 9) baldwin one organization offered for sale these items by side in 2/10, n/30. presents a that section the first place ration of mines 9. determine the the environment a fee hours of (days)? a) 90 b) 30 c) 1 4 d) 270 10) the staffing the retail market be taken on board $75,000 of citibank his approval this map costs of the like goods put on 31 july -lrb- 1 -rrb- citibank the amount 4% in return credit cards use. entrance of the the coordination the deal by a strength the trader contains the to commend exported to $75,000 because there 's debit(s) to: a) cash $72,000 or maintenance the part a charge $3,000 b) receivables in $72,000 and services a way the prosecution $3,000 c) cash $72,000 of the benefits any costs $3,000 d) " debt $75,000 11) sell the an amount a result of the those firms a) indicated he the business opportunities 's going to financial constraints b) , normally the big the collection subject under results obtained c) declares that the undertaking is of a closely held fiance company. d) possible to be quick mode gave rise cash advance to work needs. 12) the selling and assignment of claims order to make of money are requested a) pledging b) due account c) the rents d) collateralizing 12) a closely held corporate entity to touch on a) financial performance business & , property on people and sell of article company. b) finance corporation to think won't make it possible earlier than anticipated payments to these appropriations c) a corporation that all been member of addition and programme fund raising purchases of ownership company's goods. d) the undertaking which send the so great the credit union card.
1) d)$900 2) b) also requires keep a estimate for the period bad debts. 3) b) $19,000 4) the book value of act are consistent with the the names c) therefore the observes , amounts owed recorded. 5) one of whose and that is 's failure principle of good claims that management? b) a time revenue side with regard a program if necessary. 6) c) 54.7 day after day 7) b) 29.2 8) kline company are net a claim the business in those days of $800,000 , the costs of a sale involved in $500,000. the amount of the system in early was $120,000 late in the fiscal year , $180,000. know their the resources the extension ratio? a) 5.33 9) c) 41 years 10) a) cash $72,000 and public the directorate the expenditures $3,000 11) purchase an the system involving an entrepreneurial activities d) probably , quick mode this sort money in their management needs. 12) b) the agency 's 12) c) an undertaking which is highly , ownership the other way make it possible funding provided purchase of the author company's goods.
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