Tax's, Poverty line, and form 1040 for interview; questions about help needed
#1
Guest
Posts: n/a
Tax's, Poverty line, and form 1040 for interview; questions about help needed
Hello all
my fiance will be scheduled for an interview in Moscow. I need to have
my taxes prepaired for this interview. There is someting I do not
understand.Does the amount of money you need show as income before
taxes are taken out or after. For example; Our total house hold will
be 5 people after my fiance moves in. So I need to make a total of
about $27,000.00. Lets say my true income is about $47,000.00 yearly.
I have enough deductions at $47,000.00 not to pay any taxes at all.
That means after my deductions are taken out my net income is "0".
Final note. I do not recieve a paycheck. I recieve dividents from a
corperation, and file my taxes on a 1040 form.
I realize this is not a tax website, but hopefully someone out there
has experianced this. Or maybe someone can sugest a resource.
my fiance will be scheduled for an interview in Moscow. I need to have
my taxes prepaired for this interview. There is someting I do not
understand.Does the amount of money you need show as income before
taxes are taken out or after. For example; Our total house hold will
be 5 people after my fiance moves in. So I need to make a total of
about $27,000.00. Lets say my true income is about $47,000.00 yearly.
I have enough deductions at $47,000.00 not to pay any taxes at all.
That means after my deductions are taken out my net income is "0".
Final note. I do not recieve a paycheck. I recieve dividents from a
corperation, and file my taxes on a 1040 form.
I realize this is not a tax website, but hopefully someone out there
has experianced this. Or maybe someone can sugest a resource.
#2
Forum Regular
Joined: Aug 2002
Location: usa
Posts: 178
I called my lawyer with the same question and he said that it is your income that u paid taxes on, on your W2 form. Not your taxable income after deductions. But still if somebody else can verify that will be great.
#3
Guest
Posts: n/a
Re: Tax's, Poverty line, and form 1040 for interview; questions about
Americanparuski wrote:
>
> Hello all
> my fiance will be scheduled for an interview in Moscow. I need to have
> my taxes prepaired for this interview.
What do you mean? Are you saying they wouldn't be prepared unless you
were having the interview.
There is someting I do not
> understand.Does the amount of money you need show as income before
> taxes are taken out or after. For example; Our total house hold will
> be 5 people after my fiance moves in. So I need to make a total of
> about $27,000.00. Lets say my true income is about $47,000.00 yearly.
> I have enough deductions at $47,000.00 not to pay any taxes at all.
> That means after my deductions are taken out my net income is "0".
How do you live? How do you deduct your housing, food, and clothing
costs?
Do you have a net of 0 every year?
>
> Hello all
> my fiance will be scheduled for an interview in Moscow. I need to have
> my taxes prepaired for this interview.
What do you mean? Are you saying they wouldn't be prepared unless you
were having the interview.
There is someting I do not
> understand.Does the amount of money you need show as income before
> taxes are taken out or after. For example; Our total house hold will
> be 5 people after my fiance moves in. So I need to make a total of
> about $27,000.00. Lets say my true income is about $47,000.00 yearly.
> I have enough deductions at $47,000.00 not to pay any taxes at all.
> That means after my deductions are taken out my net income is "0".
How do you live? How do you deduct your housing, food, and clothing
costs?
Do you have a net of 0 every year?