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are taxes due on ssa 1099
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What state to file taxes if permanent resident of SC but work in NC?
Both states. First fill out a non-resident NC tax return. That's Form D-400. As a non-resident you will need to fill out lines 51-53 on page 4 to calculate the portion of your income taxable in NC. You will pay taxes to NC only for the income earned in NC. Then fill out a SC resident return. That's Form SC1040. You will pay taxes to SC for all income of any type that you earned anywhere in the world. Attach Schedule SC1040TC ("2008 Tax Credits") to your SC tax return. SC will give you a credit for some of the taxes paid to NC. Caution: If you have a large balance due to SC and your employer cannot withhold SC taxes for you, you should consider making quarterly estimated tax payments directly to SC in order to avoid a possible underpayment penalty for 2009. Where to find state tax forms: http://www.taxadmin.org/fta/link/forms.html
Do you have to pay taxes on your SS and your state retirement?
Yes, I have to pay federal taxes on my NC state retirement but not state income tax. Not all of my social security is taxable, depending on my adjusted income. The amount of social security that is subject to taxation is on a sliding scale. A more complete answer can be found at: http://www.fool.com/taxes/2002/taxes020315.htm
Where do I go to pay my property taxes in Graham, NC?
You can go to 201 South Main Street to pay your property taxes.
Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
Does a SC resident have to pay NC taxes and SC taxes on regular payroll earnings?
A South Carolina (SC) resident would only have to pay South Carolina taxes on regular payroll earnings. However, if you live in South Carolina, but work in North Carolina (NC), you would be required to pay North Carolina taxes on your payroll earnings. When it comes time to file taxes, you may have to pay taxes to SC, but to be sure you should speak to a tax specialist.
Where do you send the 1099 misc copy 1 for nc state tax department?
As a small business we are filing 2 1099-MISC for subcontractors. This is what I found on the NCDOR site - publications Sounds like if you are not witholding NC taxes they don't want your forms. I'm just keeping copy 1 for state tax dept. in our business files for the year. Hope that helps. Form DP-40 www.dornc.com North Carolina Department of Revenue P. O. Box 25000 Raleigh, NC 27640 (877) 252-3052 toll-free NC Magnetic Media Specifications For 1099 Reporting Any information return (1099) which shows North Carolina income tax withheld must be filed with North Carolina. Do not report information returns to North Carolina if no NC income tax has been withheld. Applicable forms are: 1099-R Distributions from Pensions, Annuities, Retirement or Profit-sharing, etc. 1099-MISC Miscellaneous Income NC-1099PS Personal Services Income Paid to a Nonresident (treat as 1099-MISC return)
Permanent residence in NC but live and work in SC how will the taxes work out?
You'll file as a resident of NC and a non-resident of SC. The non resident filing will apportion part of your income to that state and the tax you pay will be a credit for tax due in the other State.
What state to file taxes if permanent resident of SC but work in NC?
Both states. First fill out a non-resident NC tax return. That's Form D-400. As a non-resident you will need to fill out lines 51-53 on page 4 to calculate the portion of your income taxable in NC. You will pay taxes to NC only for the income earned in NC. Then fill out a SC resident return. That's Form SC1040. You will pay taxes to SC for all income of any type that you earned anywhere in the world. Attach Schedule SC1040TC ("2008 Tax Credits") to your SC tax return. SC will give you a credit for some of the taxes paid to NC. Caution: If you have a large balance due to SC and your employer cannot withhold SC taxes for you, you should consider making quarterly estimated tax payments directly to SC in order to avoid a possible underpayment penalty for 2009. Where to find state tax forms: http://www.taxadmin.org/fta/link/forms.html
In the state of NC does the HUD1 serve as a 1099 for IRS reporting of proceeds that the seller receives?
In the state of NC, the HUD1 can serve as a 1099 for IRS reporting of proceeds that the seller receives. However, if a HUD1 is not received a 1099-S should be completed to report proceeds.
If someone remarries can the ex take out additional child support due to new spousal income in nc?
not yet
Do you have to pay taxes on your SS and your state retirement?
Yes, I have to pay federal taxes on my NC state retirement but not state income tax. Not all of my social security is taxable, depending on my adjusted income. The amount of social security that is subject to taxation is on a sliding scale. A more complete answer can be found at: http://www.fool.com/taxes/2002/taxes020315.htm
Are elderly taxed less for nc lottery winnings?
Age will make no difference at all when it comes to the taxable status of lottery winnings. People sometimes think there is an age limit where they no longer have to file taxes, but there is no such limitation. Taxes are based strictly on income. You are allowed a slight increase in exemption when you are over 65 years of age, but that is the only age effect on income taxes.
Can NC Dept of revenue garnish retirement income?
Yes, the North Carolina Department of Revenue can garnish retirement income to satisfy unpaid taxes. They have the authority to collect delinquent taxes by garnishing wages, bank accounts, and other sources of income, including retirement income. However, there are certain exemptions and limitations on the amount that can be garnished from retirement income.
What taxes do you pay if giving a car as a gift in NC?
You don't pay the taxes, the person receiving the car as a gift does.
You own a home in NC but still own a home in Illinois. Do you have to file a state tax return in Illinois to recoup your Illinois real estate taxes?
No. You only need to file a state return in states where you have earned income as designated on your W-2 form or where you had self-employed income. Now, realize that you cannot recoup real estate taxes but can use them as a deduction on your federal income tax return without regard to which state the property is located.
Where do I go to pay my property taxes in Graham, NC?
You can go to 201 South Main Street to pay your property taxes.
Where can I find a list of low income houses in Burlington, NC?
A list of low income houses in Burlington, NC can be found on the following website : www.ushud.com. This website allows you to pick the location you are specifically looking for.
