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If you receive a 1099 cod but intend to repay the debt do you have to claim on your tax return as income?
Wiki User
∙ 16y ago
Yup.
Your intentions? Didn't you intend to pay the loan/debt as agreed when it was made?
The reality is, you didn't. and the creditor already reported it as income, and paid tax on it. He intended to use the money you were supposed to pay, by the way. maybe to feed his family.
Wiki User
∙ 16y ago
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Will i receive a tax return check if i have no income and claim a child?
No. Qualifying earned income is required. Income that you work for.
Can you claim eic if you do not claim income?
No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.
Do you have to claim your income tax return as income on unemployment?
No
What if your son is 17 and working can you still claim him and his income on your 2009 income tax?
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
Can I claim my children as dependents on my tax return if my income was from unemployment benefits?
Unemployment income does not effect your dependents and your ability to claim them on your return. As long as you meet the other requirement to claim your children then you can certainly claim them.
Does your husband have to claim your workers compensation benefits on his tax return?
does my spouse have to claim my workers disability pension on his income tax return
If you receive a deceased person's pension do you have to claim it as income?
Sure you do have to report the pension amount on your 1040 federal income tax return and the taxable amount of the distribution will be taxed to you in the same way that it was taxed to the deceased taxpayer.
If you win a lawsuit in a personal injury accident do you have to claim it as income on your income tax return?
Yes!
Which policy relates to this statement an individual may receive a tax refund from the government after filing their federal income tax refund?
Taxpayer failed to file a tax return to claim a possible refund amount they had available to them if the refund amount is claimed in the 3 year time frame then the refund amount is no longer available to the taxpayer. Taxpayer filed a income tax return and failed to claim some of the credits that were available to them if the income tax had been filed correctly and the can now file the 1040X amended individual income tax return to correct the error that was made on the original file income tax return to claim the additional refund amount.
Do you have to claim your veterans disability on your taxes?
No Veterans service connected disability pay is not reported on your income tax return. You do receive a 1099 information form from the VA for the amount of your disability pay that youu receive during the year.
Can you claim your mother on my income tax?
No. My mother would not let me let you claim her on your income tax return. Even if I could claim my mother on my return I would not let you claim her on your return. My mother will be claiming herself on her own return. Nice try though. If you are interested in possibly claiming your own mother on your own return, I would recommend reading the Form 1040 instructions for line 6c, step 4. In a nutshell, if your mother lived with you all year, had minimal income, and you provided over half her support, you may be eligible to claim your mother on your return.
How many dependents can you claim on a federal income tax return in Georgia?
3
