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joshua morales
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over 6 months ago

Who knows

They ask me too fill out w 2 forms too give me what job???? And than ask me I cant have the job????? I'm getting skeptical .....

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Maddie A
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over 6 months ago

Teens & Taxes: What You Need To Know

#teensummerjobs

It’s a common (and a good!) question, and it’s best to know the answer before tax day–April 15–rolls around.

The short answer It’s not a question of how old you are, it’s a question of how much you make.

The long answer If you are a minor (under 18 years old) and your earned income was over $6,350 in 2017, you will need to file a tax return.

In the world of taxes, minors are (under 18 years old), considered “dependents” and are in a lower tax bracket than adults. The reason is quite simple: minors are likely students and are therefore not expected to make as much money as their parents or guardians.

Am I a “dependent?” If you are one of the following, you are considered a “dependent” by the IRS (Internal Revenue Service): • Under 19 years old • A full-time student under 24 years old • Your parent or guardian provides financial support that is equal to or greater than half of your annual income.

“Unofficial” jobs count! Babysitting, lawn mowing, dog walking, snow shoveling...if you’ve filled one of these roles or any similar roles, you’re considered “self-employed” by the IRS. And if you made more than $6,350 as a self-employed worker in 2017, you’ll need to file.

I need to file. Now what? Time to fill out forms. Yay!

First of all, memorize your social security number...all of these forms will require it.

If you are self-employed, you'll fill out Form 1040EZ and Schedule SE (self-employment). If you’re employed by a business, your employer will provide you with a W-2 form. • More info on Form 1040EZ here • More info on Schedule SE self-employment here

If you’re not likely to make more than $6,350 working this summer (or even this year in total), consider filling out a W-4 form anyway (more info on the W-4 form here). W-4s determine how much of your income employers will withhold from your paycheck. If you don’t fill it out, they are required to withhold at the highest rate, so completing the form will will ensure you keep as much of your earnings as legally possible. (More info on filling out a W-4 as a minor here.)

Resources Visit these pages for more helpful information. • How to File as a DependentTax Rules for Children and DependentsMinimum Income Requirements for Filing a Tax ReturnHow Many Hours is “Full-Time” Employment?How to File ElectronicallyHelpful Government Resources

Too long, didn’t read Long story short: stay on top of this stuff! Get all your ducks in a row before April 15. Tally up your earned income for 2017 and determine if you need to file, and if you do, refer to the information and resources above to ensure you do so correctly.

If you need additional help, consider visiting your school’s guidance department–they can give you more detailed guidance and help answer any specific questions you may have.

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Jeremy Burrows
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over 6 months ago

Problem with work

Can please someone enlighten me on how someone can write up a W2 for you for one year and then the rest of the years he's writing 1099s for you is it a law against this or she allowed to screw me over every single year like this

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tamala lavallais
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over 6 months ago

Tax

Tax refund can someone else claim you as a dependent on their taxes if you have a job a full-time job

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Kent Griffin
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over 6 months ago

Corporate tax cuts.

In this time of corporate tax reduction, the company I work for hasn't mentioned any reinvestment or share of the wealth plans, nor do I expect them to. There should be a national "greedy company" shame list started.

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Carlos Eduardo Dias Batista
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over 6 months ago

Tax Analyst

I have had working a long 12 years at Big Companies in a Tax Team, in those years I conquest a lot of experiences, as well a large experiences with a tax Brazilian system, include tax and all taxes routine, since national register, import process, monthly tax closing, send to governor the ancillary obligations, as well Sped, Gia and Sintegra and others. I’ve been getting a good Knowledge’s a leadership and teamwork for get a good results of audits and surveillance from authorities of governors.

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JoDev Mack
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over 6 months ago

I can not believe these taxes

I am not one to post my business. I am sort of a private person but right now I can not help it. I was in my office crying today. I can not make it off this salary, and yes, I am doing something about it. But in the meantime it is hard to maintain when you can not pay your bills. I am tired of making payment arrangements. I am going to have to move out of this state in order to make more money. Lord have mercy. Every month lose 600 due to taxes and benefits

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shamarah L
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over 6 months ago

W-2

I was ask to send in my w2 to prove employment I get that I have been asked that before so I sent them so I blanked out my yearly salary she then told me to send it with out it blacked out I told her no that was my personal business an I don’t have to show my income has any one heard of this an it’s only to verify employment for the yrs worked there

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Tammy Ogbuewu
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over 6 months ago

Looking to Train Tax Preparers

We're looking for reps outside of the Columbia area! Training provided.

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Terri Case
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over 6 months ago

I prepare taxes and give advice.

I meet a lot of people that don't understand tax business and after showing them what they can do to make their experience better, they appreciate knowing that I do care about them.

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