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How much money can an individual person give another individual without being required to pay gift taxes or file a gift tax return?
Wiki User
∙ 14y ago
In 2009 you can give:
an unlimited amount to a US citizen spouse.
$133,000 to a non-US citizen spouse.
$13,000 to any other person.
That is the total including all gifts given during the course of the year.
There is no limit on gifts to charities or political organizations.
Also tuition payments (not including room and board) and medical services payments made directly to an educational institution or medical services provider do not count against any limits.
Wiki User
∙ 14y ago
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What taxes cannot be shifted from one individual to another?
Direct taxes cannot be shifted from one individual to another. These are taxes that are imposed on an individual person like the income tax. Such taxes cannot be passed on.
How much do you get back on taxes for claiming another person?
An individual claiming another individual as a dependent on their taxes will receive a tax deduction of $3300. The amount that the individual will get back as a tax refund will be dependent upon the income of the taxpayer.
Is it illegal to keep someones tax records from them?
To the best of my knowledge It Depends on the parties involved . If it is a natural person, Vs a Previous Company worked for, the corporate entity is not required one way or another to show you your records beyond when it is tax time and you need your paperwork from the current year, or when required by law to complete an audit, Then, said entity is required to comply with said governance command on behalf of the individual. Otherwise, No it is not illegal
How can you find out if someone claim you on their taxes?
You cannot find out anything to do with another person's tax return due to the privacy laws. If you file your own tax return and claim yourself and then another person also claims you as a dependent on their return both persons will receive a letter from the IRS requiring you to prove you had a right to do so. The IRS will determine who had the right to claim you and the other person will have to repay the taxes plus penalties and interest. If you think someone may have claimed you without a right to do so I would recommend that you contact the IRS and report this to them even if you are not required to file for the year in question. If would help if you have the other persons name and social security number but it is not required. The phone number for the IRS is 1-800-829-1040.
Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
What does it mean when one yearns for someone?
When an individual yearns for another person, it means that they cannot do without them. They don't have the person but they want the person really badly.
Which test can you do without another person?
Which test can you do without another person assistance
Which test can you do without another person assistance?
Which test can you do without another person assistance
What is another word for individuals?
Person is another word for individual.
Is self basically individual or basically social?
A person's Self is socially raised to be an individual. Without social rearing, the person would not be as strongly individual.
For individual person which form is required for income tax return filling?
1040
What is special someone?
A person that is important to another individual.
What is individual behaviour?
Individual behavior is the way in which one person acts apart from another person or group. Individual behavior can be different than anyone else and is personalize by that person.
What is the thing which belongs to an individual person but used by another?
It's the individual's own name.
What is the singular form of people without person?
The singular form of "people" without "person" is "individual" or "human being."
Who is an individual consumer?
Is any person who participates in a financial transaction with another person or entity.
When a person dies do they have to file taxes?
The individual does not file a tax return, but the estate is required to. That is the responsibility of the executor. They file on behalf of the individual and the estate.
