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What else can I help you with?
Should cancelled debt of the deceased be included in tax filling?
Yes the canceled debt should be included. It is the same as income. Taxes have to be paid on all income.
Do you need to pay taxes if your business is losing money?
Yes, even if your company is failing you still need to pay taxes. Unfortunately, everyone is required to pay taxes despite debt.
Do you have to pay taxes on your non-federal student loan?
No, it is a debt not income.
Why did Hamilton's want national taxes?
to pay off the national debt
Do taxes pay off the national debt?
The national debt can be repaid by taxes, but only if the amount of other spending is less than the amount of taxes that are collected. If the government continues to spend more money every year than it collects in taxes, then the debt will necessarily increase.
Why did the British impose new taxes on the colonie?
British imposed new taxes in order to pay their debt. :P
Can a debt collector for a cell phone company take your income taxes?
No. Only the government can take your taxes, but a debt collector can get a court judgment against you and take your pay check.
Who owed the huge debt left over from the American revolution?
if who ever wrote this meant how did Britain pay there war debt .ANSWER IS : they used taxes to pay for it
What is a tax debt loan?
A tax debt loan is a loan used commonly for business owners. Business owners have to pay more taxes than average workers, and sometimes they need a loan to pay off extra taxes. It's sometimes needed because a small amount of unpaid taxes can quickly accumulate into a large debt.
Why were taxes so high after the civil war?
The government had to pay off the War Debt.
What is mitt Romney going to do about taxes?
I'm pretty sure he's going to raise it so we can pay of our debt... (The U.S. Debt)
If paying back taxes doesn't home owner have to pay you interest?
I guess, but t depends on the terms of your agreement that he pay the debt. He doesn't pay YOU taxes....you aren't a government and can't impose tax.
