by law when does an employer have to furnish an employee with a w 2?
zac asked:
it is now 1 31 08. Have requested w 2 from former employer but have not received it. What are the penalties to an employer for not furnishing withing the allotted time?
it is now 1 31 08. Have requested w 2 from former employer but have not received it. What are the penalties to an employer for not furnishing withing the allotted time?
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- Can I deduct expenses for my rental property?
- If you enter a raffle to win a luxury home, and win, How do you pay the income taxes?
How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
ANGELA H asked:
I recently purchased a home and do qualify for the $8000 tax credit, but I filed my taxed in January and purchased the home in march. I would like to be able to have this 8000 now so I can do some repairs and furnish my home. I have heard there is now a way for you to get it this year even if you have already filed your taxes? I would really love any information you have? If you know of any links to the forms I need please post!
I recently purchased a home and do qualify for the $8000 tax credit, but I filed my taxed in January and purchased the home in march. I would like to be able to have this 8000 now so I can do some repairs and furnish my home. I have heard there is now a way for you to get it this year even if you have already filed your taxes? I would really love any information you have? If you know of any links to the forms I need please post!
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- by law when does an employer have to furnish an employee with a w 2?
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- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?
- If you enter a raffle to win a luxury home, and win, How do you pay the income taxes?
How much taxes would need to be paid on a prize item worth more than 2 mil USD?
manof2boys asked:
I am entering a contest where the grand prize is a fully furnished home and vehicle worth more than 2 million U.S. dollars. I am wondering what the taxes would be on such a prize and if that would be per year or how the tax plays a role in a home prize. Is it even feasible for middle class or lower class people to enter in such a contest? My family is considered to be in the Middle Middle class range. Thanks for your help!=)
I am entering a contest where the grand prize is a fully furnished home and vehicle worth more than 2 million U.S. dollars. I am wondering what the taxes would be on such a prize and if that would be per year or how the tax plays a role in a home prize. Is it even feasible for middle class or lower class people to enter in such a contest? My family is considered to be in the Middle Middle class range. Thanks for your help!=)
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?
- If you enter a raffle to win a luxury home, and win, How do you pay the income taxes?
Taxes on Sweepstakes Winnings?
Tracey T asked:
OK - I know my chances of winning the HGTV Dream Home are virtually nil, but just in case…I like to be prepared. The prize of home, car, and furnishings is valued at $2.2 million. I assume if I win, the $2.2 million would be added to my current income for 2008, and I’d owe taxes on that sum. If I sell the home before the end of the year for something less than it’s estimated $2 million value (real estate is pretty slow these days) and got, say, $1.4 million, would the tax be based on the estimate that HGTV gave as to the value of the prize, or on the actual amount I realized? And would I owe twice … once on the prize, and once on the sale?
OK - I know my chances of winning the HGTV Dream Home are virtually nil, but just in case…I like to be prepared. The prize of home, car, and furnishings is valued at $2.2 million. I assume if I win, the $2.2 million would be added to my current income for 2008, and I’d owe taxes on that sum. If I sell the home before the end of the year for something less than it’s estimated $2 million value (real estate is pretty slow these days) and got, say, $1.4 million, would the tax be based on the estimate that HGTV gave as to the value of the prize, or on the actual amount I realized? And would I owe twice … once on the prize, and once on the sale?
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Can I deduct expenses for my rental property?
- If you enter a raffle to win a luxury home, and win, How do you pay the income taxes?
Can I deduct expenses for my rental property?
sloppyjo asked:
We are looking at purchasing a second home in Florida, which we will rented out short term. What will we be able to deduct? Taxes, mortgage interest, furnishings, property management fees, HOA fees??
We are looking at purchasing a second home in Florida, which we will rented out short term. What will we be able to deduct? Taxes, mortgage interest, furnishings, property management fees, HOA fees??
I was told you cannot deduct those things IF your combined income is able $150,000. I live in Pennsylvania. Thanks for your help!
We would not be living in the home at all. We would just visit it once or twice a year to check on it.
Would I have to set up a business for the rental???
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- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- If you enter a raffle to win a luxury home, and win, How do you pay the income taxes?
If you enter a raffle to win a luxury home, and win, How do you pay the income taxes?
Dfwteddybear asked:
I am thinking about entering a raffle where the prize is a new luxury furnished home that they say is a $5 million prize. I don’t even think a could afford a mortgage payment on the financing the income tax.
I am thinking about entering a raffle where the prize is a new luxury furnished home that they say is a $5 million prize. I don’t even think a could afford a mortgage payment on the financing the income tax.
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?
What are the tax consequences, all around, for free, furnished homes?
ciamalo asked:
Just wondering: When someone is given one of the reality-show furnished homes, who is liable for what kind of taxes on the property and furnishings? What about Habitat for Humanity homes? If taxed, are there tax credits on the labor?
Just wondering: When someone is given one of the reality-show furnished homes, who is liable for what kind of taxes on the property and furnishings? What about Habitat for Humanity homes? If taxed, are there tax credits on the labor?
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?
Can my father be a dependent on my tax return?
Snobuni asked:
My 77yo father with pretty serious medical issues is living with my husband and I. He pays 100.00 rent out of his SSA of 800.00. He has medical through the VA, so no extra medical costs . He uses the rest of his money to pay his internet, phone and vehicle insurance and his grandsons space rent (which is his old home before he moved in with us). I supply his home, furnishings, toiletries, meals and care. Can I claim him as a dependent. It costs me time and energy and $ to have him here but not sure if he is considered dependent. I have read the irs description but not sure if I provide more than 50% of his support.
My 77yo father with pretty serious medical issues is living with my husband and I. He pays 100.00 rent out of his SSA of 800.00. He has medical through the VA, so no extra medical costs . He uses the rest of his money to pay his internet, phone and vehicle insurance and his grandsons space rent (which is his old home before he moved in with us). I supply his home, furnishings, toiletries, meals and care. Can I claim him as a dependent. It costs me time and energy and $ to have him here but not sure if he is considered dependent. I have read the irs description but not sure if I provide more than 50% of his support.
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- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?
is there a web site to value home-furnishings for IRS charitable contributions?
Susan asked:
I live in Colorado
I live in Colorado
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?
How much would the yearly taxes be (roughly) on the HGTV dream home?
C.C asked:
it’s in the florida keys and I know the whole package is like 2.2 million but that includes a car and furnishings. I’m just wondering a rough estimate because I heard most people who win the dream home sell it.
it’s in the florida keys and I know the whole package is like 2.2 million but that includes a car and furnishings. I’m just wondering a rough estimate because I heard most people who win the dream home sell it.
Possibly Related Posts:
- by law when does an employer have to furnish an employee with a w 2?
- How do I get the 1st time home buyer tax credit now, if I have already filed 2008 return?
- How much taxes would need to be paid on a prize item worth more than 2 mil USD?
- Taxes on Sweepstakes Winnings?
- Can I deduct expenses for my rental property?