Do I report my 401k interest income on my tax return?


Posted April 16th, 2009 by admin 4 Comments »
401k
kiki asked:


I didn’t get anything from my 401k provider, at least not that I know of. Was I supposed to get a 1099 or something?

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Posted in United States | 4 Comments »

Student loans?


Posted January 21st, 2009 by admin 1 Comment »
student loans
nita23 asked:


I currently have two student loans in default. I already made arangements to pay my deferred loans and I have been paying them on time for the past three months. I would like to know can they still garnish my income tax although I am paying on the loans?

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Posted in United States | 1 Comment »

How much money can I receive as a gift without paying income tax?


Posted January 14th, 2009 by admin 5 Comments »
money
Anandam asked:


I live in the US, California. My parents who live overseas want to give me some money as gift. Wondering how much I can receive without paying income tax. Also, when the money is transfered to my account do I need to fill out any form and submit to IRS?

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Posted in United States | 5 Comments »