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What is the law the IRS uses that requires you to pay income taxes?
Wiki User
∙ 11y ago
First and primarily the 16th Amendment of the Constitution of the United States.
Wiki User
∙ 11y ago
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Is it true that below 10 thousand monthly income is exempted in paying taxes?
No, the IRS requires an income of $500 or more be reported for tax purposes.
Why do people have tax returns?
A tax return is a report of taxable income, taxes paid, deductions and credits. Law requires that a person with taxable income file a tax return with the IRS.
Does the IRS sell foreclosed homes?
No, the IRS only manages income taxes for people and businesses in the U.S.
Does estate get passed to the IRS?
The estate does have to file a tax return with the IRS. It is responsible for income tax and estate taxes
Can you go bankrupt in IRS?
The IRS does not like its agents to file for bankruptcy, so I understand. If you're asking if you can discharge taxes owed to the IRS, the answer is, maybe. If the tax is income or certain property taxes, and if the income tax owed was determined more than 3 years prior to filing - and if you were not concealing income - those taxes can be discharged. You should really consult a bankruptcy lawyer who knows about taxes.
Does Florida have federal taxes?
The United states Treasury department (IRS) has federal income taxes. Income tax return 1040. Florida does NOT have a personal state income tax.
Can IRS garnish a 1099 employee?
The IRS can garnish a self employed or 1099 employee. If income taxes are not paid, the IRS has the right to attempt to retrieve them.
Can the IRS garnish private disability income?
Yes, it can. Taxes owed are garnished from all sorts of income, unfortunately.
Why did the casino in NYC take taxes out of winnings?
because it was a source of income and me be repoted to the irs
What us-Treasury bureau assesses and collects taxes on business and personal income?
The IRS (Internal Revenue Service) assesses and collects taxes on business and personal income.
Can I file Ohio State Income Taxes online for free?
Yes you can in fact file the income taxes for free. You can go to the official IRS website which is www.irs.gov in order to do this.
What entity does the IRS collect income taxes for and what US law specifically allows this?
The IRS collects taxes for the Federal Government. The basis for this is 16th ammendment of the constitution which allows the Federal government to levy income taxes. This is implemented via the tax code with is subjected to frequent revision by congress.
