Tax FAQ
 

Can I File A California & Federal Tax Return If I Receive Workers Comp? How Do I Do It Without A W-2 Form?

i have been on workmans comp for almost three years. I am a set aside male, raising two children, when I make any purchases I have to pay tax. I have heard that I can still file for a tax reappear even without a w-2 form. Could someone please help me or tell me how? I can use the money I am told I am entiteled to.
I pay taxes wherever anyone else that lives in Calif. does. If nothing else, it seems I'm still skull of household. my 25000 a year Ive been getting from workers comp is all spent


Answer: From the dirt given, you don't have any reason to file a tax return, or get a refund. There is no refund for sales tax, although in some cases you can use it as an itemized result to reduce your other income. In your case, since you have no taxable income, it wouldn't do anything to help you.
You do prepare as Head of Household from what you've stated here, but simply filing a return with that filing significance does not automatically get you money, it simply give you a higher standard deduction,
 
 

Which Federal And California Tax Forms Do You Use If You Had Your Own Business And Also Worked As An Employee?

I had my own duty and I also worked as an employee for somebody else. So, which tax forms should I use for Federal and California?


Answer: I'm not in california, so i can't hands there. but for feds you'll file the long form, with the particular schedule for reporting on the enterprise. From your job you'll get the usual w-2.

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Unemployment Benefits In California , Federal Income Tax Withheld?

In 2010, I at ease unemployment benefits for a few months. I had federal income tax withheld on each check. I received a 1099G from unemployment last week saying they withheld $600 out-and-out. What happens with the money withheld? What happens if you choose to not withhold anything?


Answer: that fortune will most like be refunded some if you file your tax. if you don't let them withhold anything you will be paying what is on that box when you file your tax.

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What Percent Of Your Income Do You Have To Pay For Federal Taxes? California State Taxes? Social Security Tax?

I prerequisite to know for a math project I am doing. My income will be in the $35,000 to $40,000 shelf.
Also, where can you find all of this information on the internet?
Thanks!


Answer: For 2009 the Fed tax on $40000 takings for a single person would be 10% on the first $8350 of income,15% on the next $25600 of gains, and 20% on the remaining $50. If your married filing jointly then the income grouping levels double, in this case 10% on the first $16700 and 15% on the remaining $23300. SSI would be 6.2% and Medicare would be 1.45% on the whole $40000. The taxable profits would be reduced if you had an exemption for a retirement account, such as a 401k, and any deduction for health

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If I Owe The State Of California Back Taxes And Am Currently Paying, Will They Intercept My Federal Tax Return

I currently pay my back taxes at 700 per month. For the first interval ever, I am due a federal tax refund. Will the state of California intercept it if I am paying them now?


Answer: if you are currently paying they may not keep yourn income,but it is possible that they will and just credit that to your balance

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California "New Home" Buyer Tax Credit

On February 20th, 2009 the Specify of California passed a new budget which amends the State Tax Code to include a $10000 tax trust for the purchase ...

My Finance blog » Blog Archive » Federal Tax Credit Expiration ...

The conclusion of the Federal Tax Acknowledgment for first-spell and existing homebuyers has been hurtful to familiar with sales in many markets across the Cooperative States. While April new-where it hurts sales were up 45% from the former year put the annual poorhouse sales reprove at 504,000. Hollow sales figures for May formerly larboard many diggings builders with goodly stocks of new homes. Home ground sales are not liable to to start seeing a critical heighten until at least August or September, June and July are expected to show shaky sales figures. 17% for a 15-year intent-kind mortgage as of 6-10-2010 – applications for mortgages were down an estimated 40% in the end of May when compared to a month earlier. These builders are suitable to crop the prices on much of this inventory which, could pry down adroit in prices in many markets across the polity. Many markets were hit with a slope as much as 25% to 30% in almshouse sales, often twice their expected slacken. 72% for a 30-year immobile-merit mortgage and 4. Although mortgage rates are low – 4....

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