I'd login into taxslayer.com or turbotax.com and follow the prompts for a 1040EZ.
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Originally posted by 87antuzzi:
You lost me at login. But the 1040EZ sounds like a bad ass toyotya motor......Just sayin.
You've never gone to a website before or logged into one before?
1. Click this link: http://turbotax.intuit.com/ 2. Click the "Start Now" button under "1040EZ and Simple Tax Returns" 3. Read the directions that come up on screen. 4. Follow the directions that come up on screen.
You will be asked questions on the website. Answer them. If you have specific questions during the process, post them.
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08:59 AM
jimbolaya Member
Posts: 10652 From: Virginia Beach, Virginia Registered: Feb 2007
You've never gone to a website before or logged into one before?
1. Click this link: http://turbotax.intuit.com/ 2. Click the "Start Now" button under "1040EZ and Simple Tax Returns" 3. Read the directions that come up on screen. 4. Follow the directions that come up on screen.
You will be asked questions on the website. Answer them. If you have specific questions during the process, post them.
/\/\/\/\/\/\/\/\/\/\ This!
As much stuff as you have done with computers and such, I really can't believe you can't do this. You're messing with us for some reason. It's as easy as filling out an application for employment, and it's free. (at least the 1040EZ is, and I am pretty sure that's what you will be doing) Just go to the dang website and start answering the questions. All the answers you will need are on the W2 (income, witholdings etc.), or in your head (name, address etc.).
Im lost. I dont even know where to start with this whole tax thing. I have my W2 and thats as far I have gotten. Help.
I assume you have a job. I don't know how old you are, but I would guess maybe 22-23? I assume you've got a job now, and / or have had one over the past few years. I believe you're still not residing in your own residence, so you might not make THAT much (not an insult, just saying). If that's the case, then you probably aren't making enough that you would actually be PAYING taxes.
Chances are, you've actually missed out on several thousands of dollars you could have received back. Pretty much anyone making less than 32k a year, doesn't pay any taxes at all. So some of that money that comes off in your paycheck in the form of Federal Taxes, should be coming back to you in the form of a check. However, if you don't file... you lose it. So...
I'm not sure how the state taxes work, but there's a pretty good chance you haven't been filing your state taxes either, which can get you into trouble...
Get TurboTax Basic, and fill out the information as it asks you... it's really not hard.
He's 19 and if he's never worked at a place with a W2 then I don't think he would have gotten any money back from Uncle Fed since he hasn't put any money in. He doesn't own any personal property either so he should be OK, I think.
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09:42 AM
82-T/A [At Work] Member
Posts: 22786 From: Florida USA Registered: Aug 2002
He's 19 and if he's never worked at a place with a W2 then I don't think he would have gotten any money back from Uncle Fed since he hasn't put any money in. He doesn't own any personal property either so he should be OK, I think.
Well... technically not true. If he's worked anywhere since he was 16, and was paid in cash at any time... (even for mowing lawns), he's technically required to file a tax form. I don't think the government cares... but it's one of those morality things...
If you're making 30k a year cash under the table from a family business or something like that, you're still required by law to claim it, even if there's no W2.
But in all honesty, no one is going to care. And if he's only 19... even less so.
Originally posted by 82-T/A [At Work]: Chances are, you've actually missed out on several thousands of dollars you could have received back. Pretty much anyone making less than 32k a year, doesn't pay any taxes at all.
I have to disagree with this. This past year was the first year I've made over $32K and I know every year before this year I've paid taxes.
For instance, year before last, I paid out over 2K in taxes on my $28K/yr salary and only got back about $750. I'm single and file 0 exemptions. I'm not sure what the taxes are like for married people, but I do know that single people get screwed throughout the year. My best friend and I make the same amount of $ and she pays out about $9/check in federal taxes (she's married, claiming 0 exemptions) where as I pay $140 of every paycheck.
It's absolutely ridiculous how much money the government takes from me compared to what I actually get back. This year it's a little better because I increased the amount that goes into my pension so I'm able to claim that as a deduction which helped my refund go up about $350.
Originally posted by sarabear: It's absolutely ridiculous how much money the government takes from me compared to what I actually get back. This year it's a little better because I increased the amount that goes into my pension so I'm able to claim that as a deduction which helped my refund go up about $350.
Are you taking into account social security and medicare deductions? It looks like we make about the same. On my last paystub, my federal withholding was $35, Medicare was $14 and Social Security was $41. The SS alone was more than my tax withholding!
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10:49 AM
87antuzzi Member
Posts: 11151 From: Surrounded by corn. Registered: Feb 2009
Depeding on how much money he made, he may also qualify for the earned income credit. If the income he made is unreported for previous years, he will most likely get away with not having to report it himself. Since he has a W2 now, he will need to file depending on his age, how much he earned, and if he can be declared a dependant on someone elses taxes. Here is an article on this. http://www.ehow.com/facts_7...l-income-taxes_.html
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General Criteria •In most cases, you are required to file if you are single and your gross income exceeds $9,350, head of household and your income exceeds $12,000, married filing joint and your income exceeds $18,700, married filing separately and your income exceeds $3,650, or qualifying widow(er) and your income exceeds $15,050.
[This message has been edited by avengador1 (edited 01-26-2011).]
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10:59 AM
PFF
System Bot
MidEngineManiac Member
Posts: 29566 From: Some unacceptable view Registered: Feb 2007
Are you taking into account social security and medicare deductions? It looks like we make about the same. On my last paystub, my federal withholding was $35, Medicare was $14 and Social Security was $41. The SS alone was more than my tax withholding!
No I was just stating what my federal withholding was....with my last paycheck here's the rest of it... Fed-$140.68, SS Tax-$55.44,Medicare-$17.41
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11:08 AM
fierobear Member
Posts: 27079 From: Safe in the Carolinas Registered: Aug 2000
Yea that's why I only claim 0....don't want to run the risk of "owing" Uncle Sam
If you get a refund, then you *probably* wouldn't owe with 1 exemption claimed, but you can probably figure it out, or ask a tax person to calculate it for you. Try that when you file your taxes, if you use a service like H&R Block.
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11:58 AM
82-T/A [At Work] Member
Posts: 22786 From: Florida USA Registered: Aug 2002
I have to disagree with this. This past year was the first year I've made over $32K and I know every year before this year I've paid taxes.
For instance, year before last, I paid out over 2K in taxes on my $28K/yr salary and only got back about $750. I'm single and file 0 exemptions. I'm not sure what the taxes are like for married people, but I do know that single people get screwed throughout the year. My best friend and I make the same amount of $ and she pays out about $9/check in federal taxes (she's married, claiming 0 exemptions) where as I pay $140 of every paycheck.
It's absolutely ridiculous how much money the government takes from me compared to what I actually get back. This year it's a little better because I increased the amount that goes into my pension so I'm able to claim that as a deduction which helped my refund go up about $350.
I don't know about state taxes, that's an entirely different thing.
As for Federal Taxes, you will ALWAYS pay Social Security, and FICA. That's not to be included with what we're talking about in your return for Federal Taxes withheld.
It really depends on your situation, especially if you have nothing at all to claim, but I would say that most people making that amount don't pay any taxes (based on how much they get back when they file by April).
That said, when I made that salary, I was also single, living in an apartment, and also paid a little bit of taxes (calculating the total withheld vs the amount I got back in my return).
I have worked at plenty of real jobs, i just never filed taxes . I also sold cars a lot back in california and sold parts. But none of that was taxed.
I see an audit in your future. If you've had jobs that sent you a W2 before and never filed, when you do start filing it's likely to raise a red flag. Also, those car sales are taxable income if you made money on them, so yes, you would have to pay tax on it. If it's not enough to require you to have a dealer's license, they probably won't care, but don't think just because nobody took out taxes that you don't owe taxes. Technically, you were self employed and responsible for filing and paying all of your taxes, both state and federal.
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12:31 PM
rogergarrison Member
Posts: 49601 From: A Western Caribbean Island/ Columbus, Ohio Registered: Apr 99
Just a question......you live in Scotland, why would you want to pay US taxes ? Are you a US citizen ? If you are, theyre not going to extradite you for it. If you plan on staying there, forget about it.
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03:24 PM
Cheever3000 Member
Posts: 12398 From: The Man from Tallahassee Registered: Aug 2001
Originally posted by 82-T/A [At Work]: I don't know about state taxes, that's an entirely different thing.
As for Federal Taxes, you will ALWAYS pay Social Security, and FICA. That's not to be included with what we're talking about in your return for Federal Taxes withheld.
It really depends on your situation, especially if you have nothing at all to claim, but I would say that most people making that amount don't pay any taxes (based on how much they get back when they file by April).
That said, when I made that salary, I was also single, living in an apartment, and also paid a little bit of taxes (calculating the total withheld vs the amount I got back in my return).
I wasn't talking about state taxes at all. I was speaking of only Federal with holding, not SS/Medicare.
I don't mind paying taxes, that's what every American needs to be doing. I was just saying that single folks don't have it easy when it comes to tax breaks. When I pay out $2,300 in federal taxes and only get back $750...that BLOWS and to me, it's a lot more than just a "little".
My advise is to leave the "I thinks" and "my opinion" out of it, take the W2 to H&R Block, or any other tax preparer, and go that route.
It's probably not a good idea to advertise that you made money in the past and didn't pay taxes on it, (that's just an opinion).
He's 19, and has never filed his taxes, he just got out of school last year, and it's most likely that his Mom claimed him up to that point.
Like I said, when in doubt, go somewhere and have it done. It's probably a good idea to let the professionals handle anything involving the federal and state Government anyway (opinion once again).
Brad
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04:27 PM
spark1 Member
Posts: 11159 From: Benton County, OR Registered: Dec 2002
Income averaging was scraped for everyone but farmers and fishermen in 1987. I used it when first out of the service since my income increased substantially in one year and it helped reduce my taxes. Just another unnoticed tax increase by rule change.
Originally posted by 82-T/A [At Work]:... but it's one of those morality things...
I don't think I'd call this a moral issue! It's not exactly one of the 10 commandments. But, we do need to pull our own weight. I just get tired of pulling so many other people's weight, too ...and seeing what I've contributed so poorly used (I'll leave this to individual interpretation).
------------------ RickN White 88GT 5spd (<10K miles) White 85GT (SC3800 Series II w/ AOD) White 99 F250SD 7.3PSD 6spd 1956 Ford 860 Tractor w/ Freeman Loader 20Ft H&H Tilt Bed Trailer
[This message has been edited by RickN (edited 01-26-2011).]
Not sure and I don't know much of the particulars, but I believe you used to be able to claim moving expnses under some circumstances. Antuzzi moved last reporting period. Might not help if he doesn't owe anything...
At your age, you may have not made enough money to worry too much about it and if there is no paper trail from previous years then I wouldn't worry about it. One thing you want to do now is file your taxes from here on out. Don't be like me who made mistakes in the past with IRS, I was hit with a $38,000 tax bill a few years ago that they claimed I owed in back taxes. I just now got that paid off and I am now in the clear with them (what a relief). I will not make those mistakes again and believe me I have learned my lesson.
One thing you don't want to do is try to screw IRS especially if you have assets, If a person has no assets they can make a deal and only pay dimes on the dollar for back taxes, I couldn't. If you have assets or bank accounts with money they will put a lean on it or seize it if you don't cooperate with them,trust me I know.
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08:56 PM
deceler8 Member
Posts: 2139 From: Sioux City, Iowa USA Registered: Sep 1999
. I also sold cars a lot back in california and sold parts. But none of that was taxed.
If the income he made is unreported for previous years, he will most likely get away with not having to report it himself. Since he has a W2 now, he will need to file depending on his age, how much he earned, and if he can be declared a dependant on someone elses taxes.
