Filling Out Tax Information For The First Time?

Filling Out Tax Information For The First Time?
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1 Answer

Answer :

You should use your own SSN, and just fill in the blanks that are shown. Tax is what you pay, not what you receive. The government charges taxes on income over a certain amount, and the Adsense company needs your SSN to report your earnings to the IRS.
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Related questions

How much tax can I expect to pay on my first paycheck?

Description : How much tax can I expect to pay on my first paycheck?

Last Answer : Be sure and include money for the Self Employment tax (a little more than 14% of gross) that you will need to pay too. Federal varies. To be on the safe side, I save out 25%. Some people do 30%.

What do I need to know about filling out state tax forms?

Description : What do I need to know about filling out state tax forms?

Last Answer : The state tax forms you will need to fill out vary by state. Therefore, visit www.irs.gov to learn more about which froms are necesary in your particular state. You need to know your income and expenses for the year. You can get all the forms you need from IRS.gov website.

Where can I get advice for filling out the 1040 tax form?

Description : Where can I get advice for filling out the 1040 tax form?

Last Answer : www.irs.gov/formspubs/index.html can help you with advice that you may need while filling out your 1040 tax form. They also provide phone numbers for you to call for additional assistance.

How to Find Help Filling Out Income Tax Returns?

Description : How to Find Help Filling Out Income Tax Returns?

Last Answer : During the spring every year all people who earn a wage in the country are required to fill out a federal tax return. While people have to do this every year, federal tax return documents ... with insight into how you can take advantage of federal tax credits and deductions to reduce your liability.

Wait, what? The right thinks if they reduce federal spending then we will climb out of all our problems and all the needs that these tax dollars were meeting will evaporate?

Description : Wait, what? The right thinks if they reduce federal spending then we will climb out of all our problems and all the needs that these tax dollars were meeting will evaporate?

Last Answer : answer:No, no, no. That would just be pushing the problem down so congress can look good playing high and mighty and not have to deal with it or the peeved, headache inducing, voters. ... , you die, whichever. Please avoid standing in the sarcasm for prolonged periods, it may prove disorientating.

Would it be fair to have a tax on unrealized capital gains?

Description : Would it be fair to have a tax on unrealized capital gains?

Last Answer : No, for the very reason you have listed. If the gains are not realized, you don’t have the cash to pay the taxes. This is an astonishingly stupid proposal.

What's the largest tax refund you have received?

Description : What's the largest tax refund you have received?

Last Answer : Well, when I was claiming four kids, and my gross income was right at that break off point of about $13,000, I got about $7,000 back.

When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Description : When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Last Answer : answer:There are tax preparers that will give you a “tax refund” loan. But they will charge you a lot for the privilege of a short term loan. And you have to get your return done by them. Check with H&R Block if you can have it electronically deposited at a third party.

What tax precautions should we be taking?

Description : What tax precautions should we be taking?

Last Answer : answer:I always call my tax person before the end of the year to discuss this. We had our chat last week; my issues were how much capital loss from stock sales I was carrying forward from last year. Give your lady a buzz and ask her this question.

Would anyone care to recommend a reputable online tax service?

Description : Would anyone care to recommend a reputable online tax service?

Last Answer : I always use Turbotax and have found them easy to use, reliable and safe.

Are re-invested stock dividends tax-exempt?

Description : Are re-invested stock dividends tax-exempt?

Last Answer : no. You should have gotten a 1099 from WalMart (or the broker) and the dividends will show up as taxable income.

Are federal tax returns running behind the posted dates?

Description : Are federal tax returns running behind the posted dates?

Last Answer : I’m still waiting on mine. It’s my money, and I need it now!

Should I file my taxes online or see a tax consultant?

Description : Should I file my taxes online or see a tax consultant?

Last Answer : I love TurboTax. I did my own taxes for many years, then I had HR Block do it for a few. Unless your taxes are really complicated, TurboTax is the cheapest, easiest way to do your taxes.

No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

Description : No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

Last Answer : I think, and have for awhile, taxing individuals is messy and inefficient. Taxing all goods and services is even more messy and inefficient. If I had to redo from scratch, I’d perhaps only tax corporations, inheritances, and capital gains as a way to simplify everything.

Can anyone explain sales tax in Colorado?

Description : Can anyone explain sales tax in Colorado?

Last Answer : answer:According to Colorado's government website: The City and County of Denver has a general sales tax of 3.62%, a 4.0% sales tax on food and liquor for immediate consumption, and a 7.25% sales tax ... with sales and use tax of .1%, and the Football Stadium District with a .1% sales and use tax.

What is the break down for one federal tax dollar in 2010?

Description : What is the break down for one federal tax dollar in 2010?

Last Answer : answer:You might have to do a little bit of math to break it down to specifically one dollar, but here’s an excellent infographic for the federal budget: http://www.wallstats.com/deathandtaxes/

When finding the tax on an item, do you round the number of cents?

Description : When finding the tax on an item, do you round the number of cents?

Last Answer : This question can be interpreted in two ways. If you mean Do you round the cost of the item to the nearest dollar, and then compute the tax? , then: No. The tax applies to the actual cost of the item, not a more- ... tax is 10.62 * 0.05 = 0.531. The total cost is therefore $10.62 + $0.53 = $11.15

Child Tax Credit?

Description : Child Tax Credit?

Last Answer : If you look at the bottom of the link you posted, there is a link to pub 972 which has a worksheet. Basically, you take 110k off whatever your AGI is, so let's say your AGI is $130k. You take ... Or for any number inbetween there, you basically lose $50 of the credit for every 1,000 in income (5%).

Can someone answer another tax question?

Description : Can someone answer another tax question?

Last Answer : You can claim what ever you like, but if you have to pay at the end of the year, you will have an underpayment penalty if you owe more than $1000.

Can someone answer a tax question for me?

Description : Can someone answer a tax question for me?

Last Answer : You’ve simply got to file this year’s return, and file for the years past as well. You can get on line to the IRS home page for past years forms.

Do you plan on spending your tax rebate check (thus stimulating the economy as intended) or will you save your money?

Description : Do you plan on spending your tax rebate check (thus stimulating the economy as intended) or will you save your money?

Last Answer : Probably going to end up blowing it on stupid stuff. Though I’d really like to save it if possible.

With the "$600" tax rebate from the government in effort to boost the economy,what will u do with yours?

Description : With the "$600" tax rebate from the government in effort to boost the economy,what will u do with yours?

Last Answer : Save it. Part of the reason the economy is tanking is because Americans are overextended in debt—both on an individual level, with maxed-out credit cards and houses leveraged to the max, and on a collective level, with soaring federal deficits to pay for military adventurism.

I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

How long do I really need to keep my tax returns?

Description : How long do I really need to keep my tax returns?

Last Answer : answer:From Kiplinger.com: You'll want to keep tax returns forever. You'll need them when you apply for a loan or apply for disability insurance. Plus, old tax forms can be useful if you can't ... have your own business. You generally can't be audited after that. Note: the IRS says the same.

The Sales Returns and Allowances account does not provide information to management about a. possible inferior merchandise. b. the percentage of credit sales versus cash sales. c. inefficiencies in filling orders. d. errors in overbilling customers.

Description : The Sales Returns and Allowances account does not provide information to management about a. possible inferior merchandise. b. the percentage of credit sales versus cash sales. c. inefficiencies in filling orders. d. errors in overbilling customers.

Last Answer : b. the percentage of credit sales versus cash sales.

The order -processing task that involves verifying product availability, checking prices and customer credit ratings, and filling orders is A)warehousing. B)order handling. C)information processing. D)materials handling.

Description : ThThe order -processing task that involves verifying product availability, checking prices and customer credit ratings, and filling orders is A)warehousing. B)order handling. C)information processing. D)materials handling.

Last Answer : B)order handling

Where can I find more information on stamps and where is a good place to sell collectible stamps?

Description : Where can I find more information on stamps and where is a good place to sell collectible stamps?

Last Answer : This might be a better place to ask.

Where can I find information about managing savings, and spending less?

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Last Answer : ps, off to work, I’ll drop in to hand out lurve and responses later tonight

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Is this the first time since the 20's and 30's that banks are failing?

Description : Is this the first time since the 20's and 30's that banks are failing?

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Court will take judicial notice of the following - a) All laws in force in territory of India b) The accession to office names, titles, functions and signatures of the persons filling for the time being any public office in any state if the fact of their appointment to such office is notified in any official gazette. c) The commencement continuance and termination of hostilities between the Government of India and any other state or body d) All the above

Description : Court will take judicial notice of the following - a) All laws in force in territory of India b) The accession to office names, titles, functions and signatures of the persons filling  for the ... of hostilities between the  Government of India and any other state or body d) All the above

Last Answer : d) All the above

Faucet A basically used as inlet pipe and Faucet B is used as outlet pipe. Faucet A and B both are opened simultaneously, all the time. When Faucet A fills the tank and Faucet B empty the tank, it will take thrice the time than when both the pipes fill the tank. When Faucet B is used for filling the tank, its efficiency remains constant. What is the ratio of efficiency of Faucet A and Faucet B respectively? a) 1:2 b) 2:1 c) 1:3 d) 3:1

Description : Faucet A basically used as inlet pipe and Faucet B is used as outlet pipe. Faucet A and B both are opened simultaneously, all the time. When Faucet A fills the tank and Faucet B empty the tank, it will take thrice the ... efficiency of Faucet A and Faucet B respectively? a) 1:2 b) 2:1 c) 1:3 d) 3:1

Last Answer : B Efficiency when both pipes used to fill = A + B And efficiency when Faucet A is used to fill and Faucet B is used to empty the tank = A-B So (A+B)/(A-B)=3/1 A/B+1/(A/B-1)=3/1 A/B+1=3(A/B-1) 3A/B-A/B=4 2A/B=4 A/B=2 Thus, the ratio of efficiency of Faucet A and B =2:1

Are you going through a hard financial time right now?

Description : Are you going through a hard financial time right now?

Last Answer : Always. And I’ve worked so damn hard in my life.

Ideally what is your time worth?

Description : Ideally what is your time worth?

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What irks you more, wasting time or wasting money?

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When Is it a good time to get a cash advance?

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An ad from 1957 said that Silly Putty was $1.00, the same price as today. What else hasn't changed price in that amount of time?

Description : An ad from 1957 said that Silly Putty was $1.00, the same price as today. What else hasn't changed price in that amount of time?

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Is too much time and money being spent on appearance?

Description : Is too much time and money being spent on appearance?

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When was the most recent time you won something & what was it?

Description : When was the most recent time you won something & what was it?

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Was it just a matter of time before our cellphones were hit by hackers?

Description : Was it just a matter of time before our cellphones were hit by hackers?

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What study have you recently heard of that you feel is a waste of time and money and may even have an ulterior motive behind it?

Description : What study have you recently heard of that you feel is a waste of time and money and may even have an ulterior motive behind it?

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Would you say time equals money?

Description : Would you say time equals money?

Last Answer : answer:Time is money…..any professional will tell you that. That is indeed a flawed way of thinking…because it reduces the importance of one’s Life to make it focus primarily on the material/physical aspect, from which it derives it’s purpose for it’s existence.

If I got a dime every time _______, I'd be so rich!

Description : If I got a dime every time _______, I'd be so rich!

Last Answer : If I got a dime everytime someone misspelled every time as one word, I’d be so rich!

Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Description : Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

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Is it possible to actually buy time?

Description : Is it possible to actually buy time?

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Does anyone know the length of time it takes between the moment you stupidly drive off and leave your ATM in the machine and the time that it will hopefully keep it?

Description : Does anyone know the length of time it takes between the moment you stupidly drive off and leave your ATM in the machine and the time that it will hopefully keep it?

Last Answer : Uh oh, maybe this was a ATM copying your card? Call your bank or credit card company and ask for a new card and to disable the old one quick.

Is now a good time to buy Euros?

Description : Is now a good time to buy Euros?

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How can I explain to my ignorant econ-teacher that US currency has been heavily inflated over some time?

Description : How can I explain to my ignorant econ-teacher that US currency has been heavily inflated over some time?

Last Answer : I don’t even know how to respond to someone denying inflation….

Is it good time to buy property in Central Asia?

Description : Is it good time to buy property in Central Asia?

Last Answer : Don't invest in anything you aren't well educated about. If you are asking here, you shouldn't invest there. Diversify your investments. By a mutual fund. Now's the time to do it. What you are ... cup of tea, then by all means, do it. Otherwise, do something you actually have some knowledge about.

How much money will you make by the time you are finished working tomorrow?

Description : How much money will you make by the time you are finished working tomorrow?

Last Answer : 352.50 before taxes