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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.
1. Accounting fees for tax preparation services and IRS audits 2. Alcoholism and drug abuse treatment 3. Amortization of premium on taxable bonds 4. Appraisal fees for charitable donations or casualty losses 5. Appreciation on property donated to a charity 6. Casualty or theft losses 7. Cellular...
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. YesYou use form DTF 802 and you...
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If you are unmarried and at least 65 years of age, then you must  file an income tax return if your gross income is $11,500 or more.  However, if you live on Social Security benefits, you don't include  this in gross income. If this is the only income you receive, then  your gross income equals...
You can get a tax refund (I think that's what you meant) if you  paid more taxes in than you owed. So, if you had no income, you  would owe no taxes and should get anything back you paid in. Of  course, if you had no income, how did you pay taxes?
Yes, If i gets pension more than IT returns then surely i submit  returns & 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.
Yes. It's up to you to keep up with your companies changing  policies 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 is  concerned. Be vary careful with this though. Just because you pay  half of the total does not mean that you are not still equally  responsible for the other half. The total debt is owed by both  parties. It is undivided debt so both...
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 for  educational 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 for  your employer. In this case you may claim either of these, because  it only determines how much withholding is taken out of your pay  check each pay period. Keep in mind that this will affect the  amount that is paid on your...
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 compensation  as well as any state or local income tax refunds you received for  the 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 are  deductible as a Job Expense which is located on Schedule A of the  Form 1040 of your Federal Income Tax Return.
I assume you are talking about your Federal Refund and not a  state. It will depend on how you filed your return. The quickest by  far is through electronic filing. An electronically filed tax  return will allow you to receive your refund within 21 days  according to the IRS. The real answer is...
Retained earnings is not a tax line issue. The only place on a tax  return that retained earnings would be placed is on the balance  sheet if you are required to include a balance sheet with your  return. Retained earnings is an account used to show the ongoing  profits and losses in a business...
Perhaps I can help you a little more if you explain or rephrase  your question a little more.
Fire them unless they have a family .
Yes, you can deduct them either as an itemized deduction if you are  filing a personal return, or if you are treating it as a business  you can deduct them as an itemized deduction. The problem is that's  not very fun because most people typically take the standard  deduction. Maybe you were...
You would normally receive a notice from the financial management  service (FMS) advising you of your refund garnishment.
It all depends where in Santa Fe. i got this info from a Santa Fe  county stafff
You can file a return no matter what your income level is if you  have some reason to do so. With this amount of income you are not  required to file but you can if you want to.
This depends on your filing status and number of dependents. Sorry  I couldn't give you an answer but I would need this information to  give you a correct figure.
You net income is the amount listed in Box 1 of your W-2 form. If  you are self-employed you compute your net income by listing your  gross income and deductible expenses on your Schedule C of your  business is a Sole Proprietorship and after deducting the expenses  you 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 them  employees and employees must be given a W-2 form, and you are  responsible for paying your employer share of their Social  Security, Medicare, and Unemployment Taxes. Employees must be  treated as such no matter how many employees...
 Iowa Automobile Rental Tax   Description: This is an excise tax imposed on  the rental of passenger vehicles designed to carry nine or fewer  passengers that are rented for a period of 60 days or less. The tax  is not imposed on delivery trucks, motorcycles, and motorized  bicycles.  Tax...
If worker's compensation is your only income for you and your  family then no you don't have to file taxes. Worker's Compensation  is not taxable on Federal Income Taxes.
In order to be a Foster Child since the IRS changed the  requirement, the child must be placed with you by a Federal or  State Agency. The child must also live with you for over half the  year and you must provide over half of their support. 5 months and  20 days does not qualify for that year...
It would be returned by the post office to your employer. You can  get it from them or get another copy from them. The fact that you  didn't get your W-2 through whoever's fault does not in any way  allow you an excuse for not filing this income. You know you worked  there and you can always...
A corporation's tax identification number is basically the same  as the social security number is for a person. The number is the  way that the company is recognized by the Internal Revenue Service.  For this reason, it is generally kept kind of secret as only those  who have legitimate use for...
You need to contact the agency that seized you refund. In most  states, this is called child support enforcement or something  similar. You need to review your account and confirm that there are  no mistakes in their records.   If they've gone far enough to seize a tax refund, it is likely...
The answer to this question is yes. All income is to be reported on  your tax return. The company who paid you is only required to send  you a 1099 form if your income is above $600 but even if you don't  get a 1099, that does not relieve you from your requirement to  report all income and to...
That would depend on the country, since each country has different  taxes on product sales.
There is no separate tax break just because you are a full time  student as far as income earned at a job. There are several tax  credits and deductions for education expenses paid toward your  education. You must meet the requirements for the credits in order  to get the credits but you are...
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 job  along with deductions for federal and state taxes that were  deducted from your earnings as well as some other items such as  401K and Insurance programs you...
No, you are not required to depreciate rental property. Sometimes,  when a person knows they aren't going to keep the property but a  year or two, it may not be to their advantage to depreciate the  property as they will have to recapture the depreciation upon  selling it. Depreciation is a...
Tax evaders are people or companies that either refuse to pay  taxes, under-report their earnings or over-report their deductions  from tax. More serious crimes involving taxes quickly escalate into  fraud.
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.
One thing has nothing to do with the other. You will need to see if  a stimulus payment was available for the tax year 2009. You cannot  receive the 2008 payment just because it was applied to your past  debts. If you still owe debt for unpaid taxes though your 2009 and  future refunds may be...
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 you...
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 your  employer and get another copy of the form in question. There can be  several reasons that you didn't receive it such as moving and not  giving them your new address, perhaps they had the incorrect  address to start with. The...
Sales tax in CA is currently 8%, so just multiply the price of the  item being sold by 1.08 for the tax-inclusive cost.