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Are payments made to the IRS while working as an independent contractor counted as a deduction when filing taxes?
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No. They are counted as "estimated tax payments" which is line 63 on tax form 1040.
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∙ 11y ago
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Rent payments and property taxes would be counted as?
Fixed cost
Is allowance for doubtful accounts a liability?
No an asset it is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability. if it must be counted as an asset or liability, u can treat it as an opposide of asset.
How long can you be held accountable for credit card debit?
It will vary depending on where you live. In the US it varies by state and ranges from 2 to 8 years. And as long as you are making payments, the time frame does not start being counted.
Are tax payments withdrawn from an IRA also counted against an RMD?
It's more common that people would term it "counted toward the RMD" as the RMD is a minimum that you must get to. You withdraw from the account and pay tax on the withdrawal amount. If you want to use some of it to pay the tax, it is only withdrawn once. If you want to withdraw more to pay the tax, it too is a withdrawal. If you want to pay the tax using other money, that's fine, it isn't a withdrawal.
Does a 401k early withdrawal have to be counted as earned income?
Yes it is income, plus you will be assessed a penalty.
Rent payments and property taxes would be counted as?
Fixed cost
Is allowance for doubtful accounts a liability?
No an asset it is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability. if it must be counted as an asset or liability, u can treat it as an opposide of asset.
Are less than 30 day late payments counted as late?
no, you just get hit with a late fee.
Can alimony payments made directly to spouse instead of through the court be considered a gift instead of a payment?
If the payments do not go through the court, they are not counted as being made as ordered.
Is permanent disability income counted when qualifying for a real estate loan?
It can be. It will depend on the judgment a lender makes about the affordability of the mortgage and the borrower's ability to make the payments.
As an independent contractor in CA what is the statute of limitations for seeking collection for a sales commission earned according to the terms of a written contract?
If it is based on a written contract, the statute of limitations on a written contract is 4 years. Determining when the time frame starts being counted is another variable, it may be from the end date of the contract, or it may be based on the actual date of breach. Consult an employment lawyer in California.
Does general contractor premium goes high how much even if he gives job to subcontractor if gc pays money to subcontractor from his account still it will be counted as sales?
Possibly and probably contact your agent and ask.
Is 1099 money counted as income?
Simply put, Yes. A 1099 form is an "Independent Contracting" form that states someone paid you through a non-payroll means. Either as a subcontractor, an independent adviser, or as a third party invested member.
How do you get your mortgage payments counted on your credit score if you are on the deed but not on the mortgage?
Refinance the mortgage with you listed as a borrower. You will not be reported to the credit bureaus by being listed on the deed since you have no obligation to pay the debt.
Is social services in NJ allowed to include the income from SSI to get food stamps?
Yes the SSI payments amount would be counted as a part of your support income assistance that you are receiving for your necessary living expenses.
What were the discrimination against Catholics and Jews?
presumably you mean by the Catholics against the Jews; it was called the Holocaust. Though what happened in Yugoslavia was independent of the Holocaust, the victims are counted in with the victims of the Holocaust.
How long can you be held accountable for credit card debit?
It will vary depending on where you live. In the US it varies by state and ranges from 2 to 8 years. And as long as you are making payments, the time frame does not start being counted.
