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Taxes and Tax Preparation

Parent Category: Personal Finance
Levies imposed by the government on individuals or organizations such as income taxes, sales taxes, property taxes, and capital gains taxes
The middle class btween $50,000 and 75,000 $46,400 (2009 est.) ~ World Fact Book == Answer ==22,000- 24,000 a year The average annual income in the United States is around $45,000dollars. The average income in California is quite a bit more.
you will have to pay the sales tax on the vehicle . if the gift giver doen't right the sale price dmv will charge for what the car books out for. so wht you want to due is have the bill of sale with a price on it for say 1000 so you only pay tax on the selling price. Yes You use form DTF 802 and...
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i do not know about it well but if there any box especially fornumber then obviously it should be filled for more details pleasecall or tell the person who provide you that form
If you are unmarried and at least 65 years of age, then you mustfile an income tax return if your gross income is $11,500 or more.However, if you live on Social Security benefits, you don't includethis in gross income. If this is the only income you receive, thenyour gross income equals zero, and...
You can get a tax refund (I think that's what you meant) if youpaid more taxes in than you owed. So, if you had no income, youwould owe no taxes and should get anything back you paid in. Ofcourse, if you had no income, how did you pay taxes?
Yes, If i gets pension more than IT returns then surely i submitreturns & pay taxes.
The total of all 1098's; If you only have one ... then that total.
i know one maybe. it might be Fabianne Therese.
If they don't feel like they need it then they may feel guilty taking it. They may feel that the money would be needed more by somebody else.
Yes. It's up to you to keep up with your companies changingpolicies as long as they are paying you.
You can search and download at the IRS website
A layer or accountant.
I assume that you are located in the United States. You cannot file your taxes until January 31, 2015 for your 2014 tax return. That is the first day that the IRS will accept live tax returns. If you are talking about your 2013 tax return, electronic filing has ended on October 15, 2014. You have to...
Not if you do NOT have any other amounts of gross worldwide income from any other sources. If any federal income tax was withheld you could choose to the 1040 federal income tax return and get a refund of the withheld FIT amount.
No you don't, it is considered hobby money unless you made $5,000 or more, then you DO have to file.
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You can pay it any way you want to pay it as far as the IRS isconcerned. Be vary careful with this though. Just because you payhalf of the total does not mean that you are not still equallyresponsible for the other half. The total debt is owed by bothparties. It is undivided debt so both of you...
The simple answer is yes. There may be cases or circumstances where you do not have too, but you will need to contact an accountant or tax professional regarding yours. Remember, no one ends up in hot water for overpaying taxes
Scholarships are tax free assuming they are used entirely foreducational expenses because all of which is tax deductible.
pay more money in advance and it could lower your taxes a little
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It sounds as if you are asking about filling out your W-4 form foryour employer. In this case you may claim either of these, becauseit only determines how much withholding is taken out of your paycheck each pay period. Keep in mind that this will affect theamount that is paid on your behalf to apply...
Of course! Any income regardless of where it came from, is taxable income. Period.
what is the current sales tax in Boston, uSA
This form is used most commonly to reportunemployment compensationas well as any state or local income tax refunds you received forthe year you are filing.l
Most likely. Just about every state will intercept federal and state income tax refunds for child support arrears.
Yes you can if you itemize your deductions. Union dues aredeductible as a Job Expense which is located on Schedule A of theForm 1040 of your Federal Income Tax Return.
I assume you are talking about your Federal Refund and not astate. It will depend on how you filed your return. The quickest byfar is through electronic filing. An electronically filed taxreturn will allow you to receive your refund within 21 daysaccording to the IRS. The real answer is that your...
Retained earnings is not a tax line issue. The only place on a taxreturn that retained earnings would be placed is on the balancesheet if you are required to include a balance sheet with yourreturn. Retained earnings is an account used to show the ongoingprofits and losses in a business and to...
Perhaps I can help you a little more if you explain or rephraseyour question a little more.
Fire them unless they have a family .
Yes, you can deduct them either as an itemized deduction if you arefiling a personal return, or if you are treating it as a businessyou can deduct them as an itemized deduction. The problem is that'snot very fun because most people typically take the standarddeduction. Maybe you were considering...
You would normally receive a notice from the financial managementservice (FMS) advising you of your refund garnishment.
It all depends where in Santa Fe. i got this info from a Santa Fecounty stafff
You can file a return no matter what your income level is if youhave some reason to do so. With this amount of income you are notrequired to file but you can if you want to.
This depends on your filing status and number of dependents. SorryI couldn't give you an answer but I would need this information togive you a correct figure.
You net income is the amount listed in Box 1 of your W-2 form. Ifyou are self-employed you compute your net income by listing yourgross income and deductible expenses on your Schedule C of yourbusiness is a Sole Proprietorship and after deducting the expensesyou will have your net income.
Sure. If you have income, you are required to file income taxes.
I'm afraid you already answered your question. You called thememployees and employees must be given a W-2 form, and you areresponsible for paying your employer share of their SocialSecurity, Medicare, and Unemployment Taxes. Employees must betreated as such no matter how many employees you have. The...
Iowa Automobile Rental Tax . Description: This is an excise tax imposed onthe rental of passenger vehicles designed to carry nine or fewerpassengers that are rented for a period of 60 days or less. The taxis not imposed on delivery trucks, motorcycles, and motorizedbicycles. . Tax Rate: 5% tax on...
If worker's compensation is your only income for you and yourfamily then no you don't have to file taxes. Worker's Compensationis not taxable on Federal Income Taxes.
In order to be a Foster Child since the IRS changed therequirement, the child must be placed with you by a Federal orState Agency. The child must also live with you for over half theyear and you must provide over half of their support. 5 months and20 days does not qualify for that year as it is less...
It would be returned by the post office to your employer. You canget it from them or get another copy from them. The fact that youdidn't get your W-2 through whoever's fault does not in any wayallow you an excuse for not filing this income. You know you workedthere and you can always request a copy...
A corporation's tax identification number is basically the sameas the social security number is for a person. The number is theway that the company is recognized by the Internal Revenue Service.For this reason, it is generally kept kind of secret as only thosewho have legitimate use for it will be...
You need to contact the agency that seized you refund. In moststates, this is called child support enforcement or somethingsimilar. You need to review your account and confirm that there areno mistakes in their records. If they've gone far enough to seize a tax refund, it is likely thatyour driver's...
The answer to this question is yes. All income is to be reported onyour tax return. The company who paid you is only required to sendyou a 1099 form if your income is above $600 but even if you don'tget a 1099, that does not relieve you from your requirement toreport all income and to pay taxes on...
That would depend on the country, since each country has differenttaxes on product sales.
There is no separate tax break just because you are a full timestudent as far as income earned at a job. There are several taxcredits and deductions for education expenses paid toward youreducation. You must meet the requirements for the credits in orderto get the credits but you are probably...
what do you mean? a circuit breaker is a device usually used in domestic fuseboxesand appliances, that when a circuit current (amount of amps) ishigher than the current set to the breaker as the trip current, thebreaker will trip, preventing the wire from overheating andpossibly shorting out (see...
you can go anywhere just tell them what happened - hope i helped
You W-2 form is not where you will find your adjusted gross income.The W-2 form is only to report your income from one particular jobalong with deductions for federal and state taxes that werededucted from your earnings as well as some other items such as401K and Insurance programs you paid for...
No, you are not required to depreciate rental property. Sometimes,when a person knows they aren't going to keep the property but ayear or two, it may not be to their advantage to depreciate theproperty as they will have to recapture the depreciation uponselling it. Depreciation is a deduction that...
Tax evaders are people or companies that either refuse to paytaxes, under-report their earnings or over-report their deductionsfrom tax. More serious crimes involving taxes quickly escalate intofraud.
Unemployment income does not effect your dependents and yourability to claim them on your return. As long as you meet the otherrequirement to claim your children then you can certainly claimthem.
One thing has nothing to do with the other. You will need to see ifa stimulus payment was available for the tax year 2009. You cannotreceive the 2008 payment just because it was applied to your pastdebts. If you still owe debt for unpaid taxes though your 2009 andfuture refunds may be taken and...
If you live and register the car in Illinois then you will pay the Illinois car dealer for the sales tax. If you live in a different state than where you bought the car the dealer might collect the sales tax if the two states have a cooperative agreement. If the states do not have an agreement...
iys been about four weeks and i still havent got my refund
The sales tax on a car purchase will not only be based on the state sales tax, but also the county in which you reside.The easiest way to find out the exact sales tax that you will pay is to call a dealer in the county where you live.
If you don't receive a W2 by the deadline, you need to contact youremployer and get another copy of the form in question. There can beseveral reasons that you didn't receive it such as moving and notgiving them your new address, perhaps they had the incorrectaddress to start with. The employer is...
Sales tax in CA is currently 8%, so just multiply the price of theitem being sold by 1.08 for the tax-inclusive cost.
Perhaps you need to clarify your question somewhat. Collection andallocation of income taxes are authorized by the Constitution ofthe United States. Collection is authorized specifically by the16th Amendment of the Constitution.
This depends on how you complete your invoices that you give toyour customers. For instance, if you list one amount for repair ofa computer, then you will have to pay sales tax on the entireamount. If you list parts and labor separately on your invoices,then you will be liable for sale tax only on...
The will be different for each individual store as they areprobably individually owned and operated. You will need to checkwith the store that you are going to go into.