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Income Taxes

Parent Category: Taxes and Tax Preparation
Taxes imposed by the government on the incomes of individuals or organizations, including capital gains
The middle class btween $50,000 and 75,000
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...
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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?
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...
No you don't, it is considered hobby money unless you made $5,000 or more, then you DO have to file.
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
what is the orgin of dark horse
Of course! Any income regardless of where it came from, is taxable income. Period.
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.
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...
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...
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...
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...
iys been about four weeks and i still havent got my refund
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...
Perhaps you need to clarify your question somewhat. Collection and  allocation of income taxes are authorized by the Constitution of  the United States. Collection is authorized specifically by the  16th Amendment of the Constitution.
The will be different for each individual store as they are  probably individually owned and operated. You will need to check  with the store that you are going to go into.
Exemptions are related to the number of people who live in your  home, therefore, you merely need to have more children. I do  however warn that it is far more costly to have more children than  just to save a little income taxes.
No, Kumon is not tax deductible. They say on their website that  parents cannot claim their programs on their taxes since they are  not considered a dependent or child care expense.
You may be able to find free self help groups!
Sure. The fact that you were incarcerated does not exempt you from  filing income taxes and paying tax on your income. It does prevent  you from claiming many of the tax credits such as Earned Income  Credit, Child Tax Credit as you cannot claim that you supported  your children or that they...
If you made 67 dollars, what kind of tax refund do you think you  might be entitled to receive. If you had a small amount of federal  or state tax withheld, you may file to get this back, but that is  the only tax refund you will receive. You probably did not have any  taxes withheld on $67.
There is no exact date for either the State or Federal Income tax  refund to get to you. If you file electronically, they will usually  get to you at about the same time but there will not be a  significant difference.
If you have no other income except normal Social Security benefits,  you will not have to pay any income taxes. This is also to note  that you are not receiving any other retirement income, interest  income, etc.
Most of the C Corporations pay taxes and lots of taxes. It's just  another media hype to say they don't. Remember, Corporations don't  have exemptions, standard deductions, etc. like people do. The  media likes to make noise about any credits given to business but  business not only pays...
Yes when you and the children meet all the rules for this purpose. For more information, go to the IRS gov website and use the search box for Publication 972, Child Tax Credit,
The United States has a progressive tax method. This means that the  more your earn to more tax percentage of your income you pay. This  is a dangerous type of taxation in that we are approaching a time  when almost 50% of the population pay no income taxes at all.
The Emerald Card can be tied to a bank account if you like so that  you can move money from your bank account into the Emerald Card  account. This would allow you access to withdraw funds using the  Emerald Card. Some people also use the Emerald Card as a bank  account and receive their payroll,...
I don't know of a phone number that you can call to see if your tax  refund will be taken or partially taken for debts such as you  mentioned here. The IRS is not the agency that handles this action,  it is the Department of the Treasury, but a different department  with the Treasury Department....
Monday, February 1, 2010   Employers are normally required to deliver or mail/postmark employee copies of W-2 forms by January 31, 2010. However, since the 31st falls on a Sunday in 2010, the IRS has made Monday, February 1 the deadline. You can request an extension. Employer's "red ink" Copy A...
Be sad and that's about it. Your question doesn't say whether not  you knew about the debt, so I assume you knew it and agreed with  it. If so, there is not much to say except the refund will decrease  if not payoff the entire amount.
None. I can't think of any way you can deduct an amount paid to  rent a slip. The only case you might be able to deduct this is if  you are in the "business" of competing in yacht racing and this  slip was used to park the yacht that you used for this particular  race. Be very careful though, as...
It would depend on your level of withholding and whether or not you  are taking taxable distributions from your annuities. If you have  other income that is not subject to withholding, that would likely  require you to pay quarterly estimated taxes. On time and adequate  quarterly payments will...
Anyone can file a tax return with any amount of income. You may  want to do this if you paid in withholding taxes or you qualify for  some credit that will benefit you. You are not required to file  with this amount of income but you can if you want to.
They will send the package 3 working days after receiving note of  the payment being cleared. Then, the package is handled at domestic  handling times, which vary by country/state. When ordered from  within the same state or country it is likely to arrive on day 4.   The word "usually" however...
Married Filing Separate will withhold a higher amount than Married  Filing Joint. That is the only difference as far as withholding  goes.
Yes they do. Gambling winnings are taxable no matter what state you  live in for Federal taxes. State taxes may or may not be taxable  but most likely it is taxable in the State as well.