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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, if you made nothing in the year.   If you are self-employed and have filed in previous years, then you also need to file for the prior taxable year. There is big difference between money earned and what is considered a profit in self-employment.
Maybe never. Our politicians are crooks and the state is broke.....
 For  TaxWise users, you can also access these codes from inside the  software. Press F1 from the Business Code field on the Schedule C,  then click the link under the "Business Code" labeled Click here  for a list of the Business Codes.    File Attachments    2015 Schedule C (1040)...
I have never seen a case where a private company of any kind can  put a lien on someone's Federal Income Tax Refund? Usually the only  groups that can put lien on a Tax Refund would be a government  related debt like state or city taxes, student loan debt, food  stamp or social security...
Yes there was a stimulus payment for the 2009 income tax return.  If you did not receive it and did not claim it way before now, you  will not be eligible to claim it this far in the future. 
my husbands checks have been garnished now for a year and a half he has paid about 10,000 and now they want to garnish our intire tax refund and we are in over our head in debt we got a foreclosure letter that if we dont pay 4,000 we will loose our home the only way we can stop this is to use our...
Only if your daughter is a disabled person; if she qualifies for SSI now.
While there may be some limits or restraints on seizing a tax refund or pension (and probably not as much as you may want to think), once any of these items are deposited into a bank account they lose their identity and are like any other funds. It is only while the tax is with the IRS, or while the...
If you got unemployment in 2012 you do have to file taxes if you didn't have the taxes taken out of the unemployment you received.
Not all jobs pay taxes. The army is tax free.
income is what you can earn including your salary, other suport income like your rental income and some profit payment
Taxes are paid to the government, and are not included in your wages. They will take the money that is yours only, not that which should be the government's.Yes, a tax return can be garnished, as it is your income and has the same restrictions as any other form (barring taxes, since it has already...
You will need to look at your tax return for 2009. It would have  been shown on your return as received or claimed as part of a  refund. You can also look back on your bank statement as many  people were automatically sent the payment if they were recipients  of Social Security or VA benefits....
Please make clear what you are asking and I will be glad to try toassist you with your question.
Yes it is very possible that would have to pay some state income taxes when you report all of your gross worldwide income on the income tax return for the year.
IRS can take 15% of a social security check under the federal levy payment program and more under regular levy procedures. That happens very infrequently and only to people who have made themselves extra deserving of harsh treatment.If it is creating a hardship you should contact IRS - ask that the...
I have found no law requiring you to give a customer a receipt. And if they have not paid you, certainly you are not required to give a receipt for a payment not received. That they might need a receipt for tax purposes - and they do - does not make it "your" need. And when I called the IRS law...
Yes it does. There are only 7 states without state income tax, Nebraska is not one of them.
For the 2009 tax year the deadline was January 28 2010.
Nope. Your income tax is YOUR income tax on YOUR income...and you owe income tax on income other than what you make with him, and that amount you pay on any income depends on things like your marital status, health, expenses, if you pay a interest on a home mortgage, etc, etc. Not in the employers...
This seems to be a statement rather than a question. I don't really know what your question is but I will try to guess. IF you are asking whether or not you can add them to this years return, the answer is no. You can only use expenses that you incurred in the year that is covered by the return. The...
  == Answer ==     All possessions should be valued at 'yard/garage sale' prices. When filing bankruptcy schedules all the information they contain is presumed to be given under oath. If any information is found to be false or misleading, the person(s) can be charged with perjury,...
whats the username and your password to get your w2
I don't know when the IRS began putting forms and publications on  their website, but currently there is every year that income taxes  have been in existence available on the IRS website. This includes  1864 Income Tax Return which were later declared unconstitutional  by the Supreme Court. This...
Yes. State income (and net worth based) taxes are deductible from taxable income for Federal income tax purposes.
Yes - the refund is an asset - which the card company can use to offset your debt !
Yes. State refund must be claimed as income on your federal return.
To get copies of your previous years filed income tax returns you will have to order the copies you want from the IRS.Go to the IRS gov web site and use the search box for Get A Copy of My ReturnInstructions for how and when to request a copy of your tax return or a tax return transcriptClick on the...
Yes - you carry the charitable excell alowable deduction forward. There is a 10% of taxable income limitation for the current taxable year, the amount exceeding this limitation is carried forward into the next taxable year.Charles Coker,CPA
No. The SSA gets your annual earned income information from the IRS using your Social Security number. The IRS keeps records of your wages and FICA contributions; the employer name or location is generally irrelevant.
First of all, you should try to ask them for your part of the money in a non-confrontational way. If that does not work, try writing them a friendly, non-aggressive letter (via email is fine) asking for your money. If you have tried asking and writing in a friendly way, ask yourself: "Do I want to...
A donation to a properly IRS registered 501(c)3 nonprofit  organization with receipt of such for the lower of the fair market  value of the vehicle at the time of donation or your basis (cost)  is deductible. Note I stated the lower of these two values is what  your deduction can be. To be safe...
Their priorities are messed up. Some blow all of it and have nothing to show for it rather than using it wisely to be able to show that they have done something productive with their tax return money.
dependant benefit
The short term capital gain on a stock held for less than one year  is the rate you pay on ordinary income.
  If you claim 0 - you will be taxed the most. If you claim 1 (which is yourself) you will presumably be taxed the right amount and break even when tax time arrives. However, claiming exempt means that you are exempt from paying taxes and that would require you to be WELL below the poverty line,...
SSI provides cash payments to low-income persons over age 65 or disabled who meet certain other factors of eligibility, such as citizenship.
Absolutely ! The tax return is an asset - to be used to offset your debt !
Yes each income tax return has its own instruction and you will have to follow the instruction for each one to complete them correctly and completely and the forms do look different also.
Assuming you are talking about the U.S, for individual income  taxes, the due date is April 15th of each year. You can get an  extension that is good until October 15th. Note that this is an  extension to file the return but not an extension to pay your  taxes. If you owe additional taxes and do...
No, in most cases, workman comp insurance premiums are not deductible on tax returns. You can speak with an accountant to find out more details.
Federal goes to Washington, D.C. State goes to State.
Yes, a qualifying relative and qualifying child are both dependency exemptions and will give you the same tax benefits. The dependency exemption for 2009 is $3,650.
  Sure. There probably isn't a lot of income to report though.
Please rephrase your question so that I may be of assistance to  you. Government funding of most things are not taxable but I don't  really know what you mean by NPS. Are you referencing the National  Park Service. Funding of Government Agencies such as the National  Park Service would not be...
  Depending on some things, like when the tax was paid and when the BK was filed, the refund is like any other asset and available to creditors. The trustee or court would take it and pay it to creditors according to their standing in the case.
This will depend on your accounting method that you use. If you area cash basis business, then it is recognized when lease paymentsare received. If accrual, you could justify amortizing the paymentbut I cannot imagine why you would want to. I am assuming you arelessor in your question and not the...
The section 80C of the IT laws provide exemption from income tax on  amounts that are invested by the individual. This usually includes  the amount the individual invests in certified instruments that are  exempt from tax. They are:   a. PF - Provident Fund (A portion of your salary is...
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
  Firstly, my sincere condolences on your loss - I have experienced this myself, albeit 17 years ago, but the loss still feels like yesterday. To answer your question, Yes. The executor (or executrix) will need to perform this task. See the website IRS.Gov for info about this. If you mother...
It will be located on your Sally's check
The answer to this depends on what state is involved, why there has to be any "pay back" (i.e., misrepresentation or ?) in the first place, etc. And as to the taxes not taken out, whether there is a tax liability depends on other tax issues such as deductions, dependents, etc. Check with a tax...
A capital gain and a dividend are two different things completely.You can offset a Capital Gain with Capital Losses, but you cannotoffset dividends with capital losses. They are different items andare reported on different forms.
You may request a statement of your earnings for Social Security  from the SSA in person at one of their offices, by mail, or through  the internet at their website.
I am assuming you mean the personal and dependency exemptions for 2009. The exemption amount for 2009 is $3,650.
You can declare a baby a dependent for the year he or she was born, even if it was at 11:59 on December 31st!
  The corporate federal tax rate is 35%.      The process uses for booking tax expense, call FASB 109 under accounting rules, while using that rate will actually different show a different amount.      The difference relates to the effect of deferred and permanent differences...
If you have arrears, and even when you don't. see links below
== Answer ==   Most non-reoccuring closing costs can be deductible on your taxes. Check with your accountant or tax preparer for detailed information.
>   Self-employed, any age: $400 Children and Teens classified as a dependent: $5,700 Single, under 65: $9,350 Single, over 65: $10,750 Married, filing jointly, both spouses under 65: $18,700 Married, filing jointly, one spouse over 65: $19,850 Married, filing jointly, both spouses over 65: ...
It is not so much up to you. If you sell an asset, the selling  price minus your basis is your taxable gain. I guess you could sell  it for less, but what would that do for you. People learn that  doing things so that you have less taxes, is just taking money out  of your pocket. If you sell...
Again, like all things tax, the answer is frequently situational  and depends on many things.     Any education for work related reasons, and that includes an entire  degree program, may be tax deductible under many circumstances. The  main one being that it does not qualify you for a NEW...
"http://wiki.answers.com/Q/How_does_the_IRS_examine_tax_returns"
If you donate a capital property to a registered non-profit  organization that is approved by the IRS, you can deduct the lesser  of the fair market value or your basis in the property.
No. If you did not pay any taxes or have them deducted from your paycheck, you can not get a refund. However, because of many special programs in the tax system, the earned income tax c credit programs most noteably, you may receive what would seem like a "refund" of taxes that you didn't even pay!...
Yes, if he has the child 51% of the time. Regardless of any custody agreement, or court order the IRS has it's own definition of who the custodial parent is. Section 152(e)(4) defines custodial parent as the parent having custody for the greater portion of the calendar year and noncustodial parent...
When do they stop taking social security from your pay check
Now why would you expect a refund from the government considering you didn't pay anything in??? Remember you can't get something from nothing..
An assessment order is a document that comes into effete after an  enquiry has been made on you by an Assessing officer. The document  will contain observations, information and reasons for the order to  be passed. There are a few reasons for obtaining an assessment  order, including the fact...
There are penalties for failing to file that will need to be taken into account. You need to consult with a tax accountant in your area.
The 941 form is a payroll form filed by employers to pay thecollected Federal Income Taxes withheld, the employee and employershare of social security, and the employee and employer share ofmedicare taxes. This form is a quarterly form which reconciles thetax payment due with the taxes already paid...
go to osi.ultipro.com and use your user name and password
it is where you purchase something and they give you a "rebate" you mail that rebate and get money back. it's like a backend coupon, instead of getting savings up front you get it later.
Yes, if the custodial parent seeks help from child support enforcement.
FILING - Instantly... although the states and IRS will bounce a return upto 48 hours later if there is soemthing wrong with it.REFUND - From the IRS, typically less than 2 weeks if you're having it direct deposited.
What is the Administrative AuditIs the process of checking analytical regulator continuously aspects of financial and administrative activities, and evaluation of goals and plans, policies and procedures, organizational structure and methods of measurement and evaluation of performance and methods...
If you have been making more than the required payments, then that surplus should have been applied to the principal balance of you mortgage. If you sell the home, you will receive a check for the difference between the purchase price and the principal balance minus fees.
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It really depends on your individual situation. If you dont file taxes and then you owe then you are subject to penalties and fines for filing late as well as interest on the debt that you owe. If you are entitled to a tax return and do not file nothing comes of it. You can go back for up to three...