If you are receiving the 1099 from a client, then it is their responsibility.Originally posted by: jEnus
I tried finding the answer, but no luck.
What 1099 form is needed for a small consulting biz I have on the side? There are so many that start out with 1099. Will tax soft. have this as well as sched. C for my deductions? If I purchased a laptop for my business so that I can connect to them from anywhere, as well as doing work for this business, but use it at home for checking email, browsing the internet - can I still deduct all or a part of the cost? Or do I deduct the depreciation?
She or you needs to look at the definition of a dependant in IRS Pub 501w/ respect to school.Originally posted by: KK
Here's a question one of my coworkers has. She is divorced, has one 19 year old daughter living with her, and the daughter goes to school. Can she claim head of household?
Qualifying Child
There are five tests that must be met for a child to be your qualifying child. The five tests are:
Relationship,
Relationship Test
To meet this test, a child must be:
Your son, daughter, stepchild, eligible foster child, or a descendant (for example, your grandchild) of any of them, or
Your brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant (for example, your niece or nephew) of any of them.
Adopted child. An adopted child is always treated as your own child. The term ?adopted child? includes a child who was lawfully placed with you for legal adoption.
Eligible foster child. An eligible foster child is an individual who is placed with you by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction.
Age,
Age Test
To meet this test, a child must be:
Under age 19 at the end of the year,
A full-time student under age 24 at the end of the year, or
Full-time student. A full-time student is a student who is enrolled for the number of hours or courses the school considers to be full-time attendance.
Student defined. To qualify as a student, your child must be, during some part of each of any 5 calendar months of the year:
A full-time student at a school that has a regular teaching staff, course of study, and a regularly enrolled student body at the school, or
A student taking a full-time, on-farm training course given by a school described in (1), or by a state, county, or local government agency.
The 5 calendar months do not have to be consecutive.
Permanently and totally disabled at any time during the year, regardless of age.
Residency,
Residency Test
To meet this test, your child must have lived with you for more than half of the year. There are exceptions for temporary absences, children who were born or died during the year, kidnapped children, and children of divorced or separated parents.
Support, and
Support Test (To Be a Qualifying Child)
To meet this test, the child cannot have provided more than half of his or her own support for the year.
Special test for qualifying child of more than one person.
2. You paid over half the cost of keeping up a home in which you lived and in which one of the following also lived for more than half of the year (if half or less, see Exception to time lived with you below).
a. Any person whom you can claim as a dependent. But do not include:
i. Your qualifying child (as defined in Step 1 on page 19) whom you claim as your dependent based on the rule for Children of Divorced or separated parents that begins on page 20,
Head of HouseholdOriginally posted by: KK
Is a qualifying child the same as a qualifying person? This is from page 17 of the 1040 instructions. To me this says she can't claim head of household because the daughter is a qualifying child.
2. You paid over half the cost of keeping up a home in which you lived and in which one of the following also lived for more than half of the year (if half or less, see Exception to time lived with you below).
a. Any person whom you can claim as a dependent. But do not include:
i. Your qualifying child (as defined in Step 1 on page 19) whom you claim as your dependent based on the rule for Children of Divorced or separated parents that begins on page 20,
You may be looking at the additional rules of the child for a under 17 tax credit.You may be able to file as head of household if you meet all the following requirements.
You are unmarried or ?considered unmarried? on the last day of the year.
You paid more than half the cost of keeping up a home for the year.
A ?qualifying person? lived with you in the home for more than half the year (except for temporary absences, such as school). However, if the ?qualifying person? is your dependent parent, he or she does not have to live with you. See Special rule for parent, later, under Qualifying Person
1) It is always wise to keep a paper copy of what was filed (for 3 filing years).Originally posted by: KarmaPolice
this isnt really a tax 2006 question but it is a tax question nevertheless. It is for my friend...
He claimed himself as an exemption and his mother did the same. The same person cannot be claimed twice, so they sent him a correction form (1040X). The form is basically like the 1040ez, but it wants the original amounts I used, the correct amounts, and the net change. He still has his W2's, but he doesn't have a copy of his original 1040ez amounts from 2005. The instructions that came with the 1040X refers to line numbers on the 1040ez to get amounts for the 1040X, but he no longer has it.
what does he do?
Originally posted by: EagleKeeper
1) It is always wise to keep a paper copy of what was filed (for 3 filing years).Originally posted by: KarmaPolice
this isnt really a tax 2006 question but it is a tax question nevertheless. It is for my friend...
He claimed himself as an exemption and his mother did the same. The same person cannot be claimed twice, so they sent him a correction form (1040X). The form is basically like the 1040ez, but it wants the original amounts I used, the correct amounts, and the net change. He still has his W2's, but he doesn't have a copy of his original 1040ez amounts from 2005. The instructions that came with the 1040X refers to line numbers on the 1040ez to get amounts for the 1040X, but he no longer has it.
what does he do?
2) He can contact the IRS and get a copy of his filed 1040EZ.
Originally posted by: EagleKeeper
Head of HouseholdOriginally posted by: KK
Is a qualifying child the same as a qualifying person? This is from page 17 of the 1040 instructions. To me this says she can't claim head of household because the daughter is a qualifying child.
2. You paid over half the cost of keeping up a home in which you lived and in which one of the following also lived for more than half of the year (if half or less, see Exception to time lived with you below).
a. Any person whom you can claim as a dependent. But do not include:
i. Your qualifying child (as defined in Step 1 on page 19) whom you claim as your dependent based on the rule for Children of Divorced or separated parents that begins on page 20,
You may be looking at the additional rules of the child for a under 17 tax credit.You may be able to file as head of household if you meet all the following requirements.
You are unmarried or ?considered unmarried? on the last day of the year.
You paid more than half the cost of keeping up a home for the year.
A ?qualifying person? lived with you in the home for more than half the year (except for temporary absences, such as school). However, if the ?qualifying person? is your dependent parent, he or she does not have to live with you. See Special rule for parent, later, under Qualifying Person
From everything that you stated, the co-worker qualifies as HOH.
In order for you to claim mileage, one of the requirements (question that must be deliberately answered) is that do you have written documentation.Originally posted by: sonoma1993
The company I work for, has me merchandising at several different. I don't use the company truck's since I'm not approve to use them. So I use my own truck. My company doesn't reimburse me for millage so there no documentation stating how many miles I drove. This past year, I put roughly about 5200 miles on my truck going around to the different stores. I know I can claim the millage on my tax returns, but I don't know if I some kind of documents to prove how many miles I drove for work. Do I need some kind of document for clamming millage on my tax forms?
For the past year I've been paying into my 401k account. Now can I use like turbotax basic or do I have to use turbotax deluxe to claim my 401k contribution on my tax forms?
Does anyone use turotax online or h&r block online to do their taxes? They are getting expensive now. Ever since I started working like 7 years ago, I have been doing my taxes online. I remember when turbotax basic was $10 and state was maybe like $5. But heck for federal alone they want $20 for basic and $30 for deluxe. State alone is $25
Originally posted by: EagleKeeper
This question has already been addressed in a response to Dr. Pizza previously in this threadOriginally posted by: dxkj
Can you write off exotic animals that you purchase for breeding purposes in a small business?
If you can locate a line on the 1040EZ for Student loan interest, then you will have found a mistake.Originally posted by: joshsquall
Can I use the 1040EZ form if my income is from wages and interest earned on a savings account, and I paid student loan interest throughout the course of the year?
That is not a tax question unless you are asking are the points considered to be income.Originally posted by: Mike
If I use a "rewards" credit card to make purchases for my company, can I then use the points from the card to get something for personal use?
TIA
Originally posted by: EagleKeeper
That is not a tax question unless you are asking are the points considered to be income.Originally posted by: Mike
If I use a "rewards" credit card to make purchases for my company, can I then use the points from the card to get something for personal use?
TIA
I could not find anything like that on the IRS Website - If your CC provider provides you with a tax statement, then declare it - otherwise I would consider it as part of the cost of the CC itself.
Ethically, it is between you and your employeer.