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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
No, putting false information on a tax from is fraud; for which you can go to prison.
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2009 MFJ both under of the age of 65 the standard deduction amount would be 5700 plus any property taxes up to a maximum of 500 and any sales tax or fees that are based on the purchased price of a new vehicle up 49500 of the price of the vehicleMoney Back for New Vehicle Purchases. Taxpayers who buy...
You will have to have some taxable earned income in order to get any type of tax refunds, credits or benefits from filing an income tax return and claiming your kids on your income tax return.You can go to www.irs.gov and look at some of the information that is available at that web site.
  Along with your Form 1040, you will need Schedule C, to report the untaxed income and associated expenses, and Schedule SE, to calculate your self-employment tax, and possibly Form 4562 if you have tools or equipment to write off.
You do NOT get any deductions on your 1040 income tax return for the payments that you make on your past due federal income taxes, penalties, or interest.
Only when all arrears and interest penalties are paid. The interest penaltis can be as high as 15% annually.
It is a North Carolina deduction and means "North Carolina Married Withholding." How disgusting is that?! My family loses $150 to it a month... I TEACH for the state, for a community college, and they only GIVE me 3 times that per class - then they TAKE that FROM me for being married. Sheesh... I...
The link should take you to the right IRS location to send applications and payments. It varies by State.http://www.irs.gov/businesses/small/article/0,,id=147314,00.html
yes she will get all the back if you have enought if not they will take all the money you get for taxes every year till its paid ... me and my husband went throught it with his money hungry ex
IF OR WHEN this may be possible you would have to get this information from your employer as this is NOT a normal procedure that is usually offered.
Yes. Just looked it up myself. The only case that does not require you to pay income tax is if the settlement comes from an illness or injury. If the settlement is for wages or anything unrelated to illness (pain and suffering do not count as an illness).
  I think it is still $3000 but check a tax book or IRS to make sure.
It doesn't matter if you receive an income tax refund or not. The fact is is you worked and had federal and state taxes taken out you would need to file your taxes every year. However, much depends on your filing status (single, married, etc) and how much you made that year on whether you would file...
The key word here is "earned." Welfare benefits are not earned.
  Gift - no tax.   Stock sale - tax on profit, if any. Type of tax depends on how long stock was held.   IRA - if Roth, no effect on tax return. If traditional, may be deductible, depending on other factors.   Money market - interest is taxable.
  == Answer ==     The difference between the two is the weight, of the balancer, as opposed to the turning of the crankshaft, it balances the crank as it spins so that it does not throw it off, and keeps the motor from jumpping up and down. The 350 is a heavier balancer, and designed...
  If you have not exempted them, yes. The tax rebate could not have been exempted if you filed your 13 before it became law. Any tax refund after filing means you are overwithholding and that is not allowed in a c. 13, so it usually has to go to the trustee, unless it is a small amount.
Yes, if there is a contract involved.
  == Answer ==     This needs to be much better defined.     Which taxes, paid by and to whom and for what to start.
  My research tells me about 7-14 working days
can long term gains be offset by short term losses
You can complete Form SS-4 and mail or fax it in, or file online at http://www.irs.gov/businesses/small/article/0,,id=102767,00.html.
  Go to the IRS gov website and use the search box for EITC Home Page It's easier than ever to find out if you qualify for EITC   The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families. Congress originally...
  == Answer ==     Further information may be obtained by calling the WSTB at 761-4902.
If you are in the U.S., and the student loans are Federally Guaranteed, then the answer is yes. In fact, this is the collection agency's favorite way to get money and get the borrowers attention. You still may have time to get the loans out of Default. There are only 2 ways to get out of default on...
Usually 2-7 pages depending on rather or not you have itemized deductions etc. Also, your signature usually goes on the second page of your tax return papers.
Unemployment benefits are not "earned income", so you should not be eligible for earned income credit.
Yes they do the same as any one else that has any gross worldwide taxable income to be reported on the 1040 tax form.
  To find out what benefits you are entitled to , you need to contract your tribal administration office. As a member of the Choctaw Nation of Oklahoma, for instance, I would go to the website and click on "programs" on the home page. You should be able to find the address by doing a search...
What federal income tax percent should my employer deduct from my wages
i don't think its to smart to write where you work and live in your question?! By the way you write I assume you are not from this country even! INS 911!
Taxes are taken out of a paycheck depending on a formula issued by the internal revenue service. It depends on the size of the paycheck. Being in high school has nothing to do with it. Frequently, high school students work for brief periods of time so they will have most or al of their taxes...
  == Answer ==   Absolutely. In fact, sometimes it's required.  Like anything in tax filing, not doing it correctly could easily mean the wrong result. In this case especially that you double pay or lose benefits between you.
New York state ... If you live or work in the City of New York there is a local tax as will as in Long Island ...
Assuming that the filing status is single with three deductions,  the take home pay for $760 paid every two weeks is approximately  $660.00. If married is claimed on form W-4 then the tax withheld  will be lower, and net pay increases.
Talk with your payroll clerk.
The answer is "Yes", you may claim up to 3 children this year. Meaning 2009. You can verify this information by going onto irs.gov. I have four children and have done research on this. I will be claiming all three, plus receive an additional child tax credit for the fourth child.
  A tax audit is conducted to ensure that you have paid your fair share of taxes on the money that you (or your company) has earned. They look at revenues, to ensure all are declared, and expenses, to ensure that they are all legitimate.
The full answer is long and complicated and the exact details of your situation may matter quite a bit. The IRS provides a toll-free number for tax help. I've added a link in the Related Links section.
Tax form 2290 is a Heavy Vehicle Use Tax (HVUT), a federal excise  tax paid annually on motor vehicles with registered gross weight of  55,000 pounds and over. This tax is paid by inter-state and  intra-state registered vehicles. IRS has made it mandatory to  e-file IRS Tax Form 2290 (e-filing...
As long as you meet certain requirements, the answer is yes. See this publication of the IRS for the requirements that must be satisfied to claim her as an exemption:http://www.irs.gov/publications/p17/ch03.html#en_US_publink1000170933
Yes. The Flexible Spending Account is simply a before tax method of paying for medical expenses and it has no impact on unrelated tax items. Use of the FSA does prevent being able to also claim a medical expense deduction. The childcare tax credit is unrelated and can be claimed.
Yes, the entire state and federal refund can be seized for payment of child support arrearages.
My mother died at age 89 she had a income of around $60,0000. a little less pensions social security ect. she had been paying quartley around 5to 6,000.00 total. That seems to me too much right or wrong concerned daughter
The requirement to file an income tax return is not determined by whether you owe taxes or not. For example, if you have net self-employment income of more than $400, you must file. If you are subject to Alternative Minimum Tax (AMT), you must file.   You may want to file -- because you will get...
A creditor cannot seize a federal tax refund, but the creditor can file a lawsuit and if they are awarded a judgment they can levy the bank account in which a tax refund is deposited.
A simpler answer: fixed income securities are bonds. These are "IOUs" where someone borrows your money and pays you interest, which is like "rent" on your money while they have the use of it. Hopefully, they will repay what they borrowed after the end of the loan term (this is called the "maturity...
The earned income tax credit. Go to the IRS gov website and use the search box for   EITC Home page it is easier than ever to find out if you qualify for EITC   The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals...
The IRS generally does not allow a wife to sign for a spouse .  As a result, the other spouse must either sign the tax return  before he leaves or complete a valid power of attorney giving his  wife authority to sign on his behalf. There are exceptions for a  military spouse who is in a combat...
Check the Related links below for the links to access W2's from  Whataburger.
if the IRS finds out that a person does claim income, the IRS can  audit the person. If audited, the person will have to go in person  to their local IRS agency and explain the situation.
yes they are. i worked for them for 10 years and finally quit because i couldn't justify the prices they charged.I agree that H&R Block is "expensive" for the quality of service you get from a walk in office. However, if you have a very simple income tax return, you may be able to file for free...
why tax dept hare st to tax payers for refund tax and they don't bother to reply any letter which was send to the tax dept My tax refund with tax dept of India has been outstanding since 1995/96 Rs34,000 which has been not refunded who do i get this refund would you please let me know or advice...
Yes, if they receive anything of value (goods or services, stipends, donations, gifts, love offerings, car usage, per diam, room and board, clothing allowance, haircuts, shoe shines, etc.) preachers must file income tax. A preacher receiving a salary from a church would pay as such, any other...
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First you need to figure out if they are your dependents--living with you, you provide more than 50% of their support, and so on. If you can claim the children, you may have some deductions.
  According to a friend of mine whose daughter had a paper route, yes.
It all depends on how you file. If you file the standard "mail-in" way, expect a refund in 4-6 weeks. If you do them online or with a tax professional, the wait time is usually two weeks. Some tax professionals can file what is known as a "Refund Anticipation Loan", or RAL for short. For a fee,...
The State can intercept State tax refunds, if that's what you mean.
Denmark has a progressive Income tax percentage, so your tax depends on the income. It will typically start around 40% - 45% of the total income and can for high earners reach approx. 60% MARGINAL tax (not to be confused with total/average tax percentage). This is the sum of municipal, health ...
How much tax do I pay if I earn 8000 a month
You can not. The Federal Government does this every day. Tax liens are placed and property seized all the time for this purpose. You really can not get away from paying the full tax for SSI.
It all depends on how many exemptions you claim..how much you paid into taxes, how many deductions you have and whether or not you qualify for any tax credits. You can go to H& R bocks website and try their refund estimator tool (its free) to give you a better idea of how much you can expect to...
Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and Tennessee limit their state income taxes to only dividends and interest income.
There are states that will suspend your license because of back child support, so yes.
== Filing Single ==   That all depends on whether you are married for the reporting year or not. If you are still married on 12-31 of that year you must either file jointly or seperately. But if you were divorced (not married) then you can file as single. If you support others in your home you...
Not including the administration issues, there budget for 2006 was 37.8 BILLION dollars and that was up from $36 billion in 2005. Total welfare, SSI and other entitlements make up over one half of the Federal budget. The single highest issue after the debt service. At our current rate of growth this...
Roughly 50% including state taxes. Some areas are less then others. To get down to this level, you may wish to talk with a planner on the matter.
At the end of the tax year after your 1040 federal income tax return is completely and correctly YES.
This could be possible if you complete your 1040 federal income tax return correctly and IF you qualify for any of the credits as a refund amount.
money that does not have to be paid
efiled for2011 but owe back taxes from 2009..payment plan is due august 2011..can the back taxes be deducted from payment estimated to be directly deposited by july 4 2012 without delaying deposit?
  If you mean by stock portfolio, a pre tax fund such as a 401K then yes you'll owe taxes on the money removed If you mean a plain stock portfolio that was funded with money already taxed such as your personal money, then it may not be taxable. You may owe capital gains tax if you sold stock...
    people that have more than 50% of your help like (income and living necessities). I think people that are not claiming themselves either.
If you are single, NOT a dependent, dont have any dependents, then it would go something like the following.... Pleas note that this calculation is assuming that the $30000 are from a w2. 30000 -9500 Standard deduction and personal exemption =20500 Taxable Income 2654 Tax -6000 withholdings ...
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state...
The payer is required to provide or send Form 1099 to you no later than February 1.
Saudi Arabia is certainly one among them.   monaco
SURE YOU DO. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
The federal income tax rates for Canada are as follows: 15% on the portion from [$0 - $42,707] 22% on the portion from [$42,707 - $85,414] 26% on the portion from [$85,414 - $132,406] 29% on the portion [$132,406 +] The provincial rates differ in each province. See the related link from Canada...
  Are you filing "married filing jointly"? - then he is, if you file "married filing singely" the money is yours, legally. But ethically, I think it depends on if he is raising your son as his own and contributing to the relationship if he is entitled or not.
This could be possible. The Department of Treasury's Financial Management Service (FMS), which issues IRS tax refunds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past due child...
Answer . Loss of Earnings is Coverage to reimberse for lost wages due to a covered peril. Such losses are commonly incurred after a covered injury.
Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.