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What is the purpose of withholding declaration forms?
Form W-4 is Employee's Withholding Allowance Certificate. You fill out form W-4 for your employer to indicate your filing status and number of exemptions. Your employer figures the amount of taxes to be withheld (income, Medicare, Social Security) from your earnings based on your filing status and number of exemptions. The purpose of Form W-4 is to make your withholdings as accurate as possible. In this way, you won't have a large tax due balance on your tax return. For more information, go to www.irs.gov/formspubs for Publication 919 (How Do I Adjust My Tax Withholding?).
How do you know if you need estimated tax forms to pay tax for 2009?
Form 1040-ES is Estimated Tax for Individuals. Generally, you must make estimated tax payments if you expect to owe, after subtracting any withholding and credits, at least $1,000 in tax for 2009. In addition, you expect your withholding and credits to be less than 90 percent of the tax that'll be due on your 2009 tax return OR 100 percent of the tax that was due on your 2008 tax return, whichever is smaller. An exception is that if you didn't have a tax liability (i.e., your total tax was 0 or you didn't have to file a return) for 2008, then you don't have to pay estimated taxes for 2009. Also, other alternatives to estimated tax payments may apply. One, if you also receive wages/salaries, you could file a new Form W-4 (Employee's Withholding Allowance Certificate) to increase the amount of tax taken out of your earnings. If you're receiving a pension or annuity, you can complete Form W-4P (Withholding Certificate for Pension or Annuity Payments) to start or change withholding.
What is the due date if you owe money to the IRS?
April 15th
How can one protect against credit card number theft?
The simplest ways to protect against credit card number theft are to take due diligence when using the card online or at terminals like at the gas station. If possible, pay directly from a cashier. Other options are getting identity theft protection either through the card or from a company like LifeLock.
What is an example of gross pay vs net pay?
Some deductions from gross pay to arrive at net pay would be social security tax, federal withholding tax, state withholding tax and state unemployment and/or disability tax. Some other deductions, which could be made either before or after taxable gross pay might be retirement and/or insurance contributions.
Do you think cash should be electronic considering that identity theft is growing at a rapid rate?
I personally do not think that money should only be electronic due to the rapid growth rate of identity theft.
How much money do retailers lose in merchandise each year through theft and employee error?
In the past year, the retail industry lost $38 billion due to theft. Overall, 38% of all inventory shrinkage were due to theft. These are very alarming stats. You can read further on this topic here - ...gizmosupport.com/6-tips-for-loss-prevention-in-retail/
Should withholding tax be eliminated?
No...all it is is the method of collecting tax...it isn't a tax. Andof course, if you don't have withholding, like a self employed, you must make estimated payments every quarter. Simply, a large amount of people do not have the understanding or ability to calculate and put aside the money to pay the tax when otherwise due.
What is theft due to forcible entry?
burglary
What do stores do to recover from theft?
To recover profits lost due to theft they raise the prices that everyone pays.
Is it legal for a bank to withdraw funds from an active account to satisfy a closed account that went delinquent due to theft?
If you owe a bank money and you have other accts with that bank they are allowed to take the money to satisfy the overdaft/delinquent fees that you may have.
Where can one find the IRS withholding calculator?
One can find the IRS withholding calculator on the IRS and Taxes websites. Those who can benefit from using the calculator include employees who want to reduce their tax refund due and employees with non wage income in excess of adjustments. The site has a link to the IRS withholding calculator in the middle of the page.
What is the solution if you have missed the fast due to intercourse?
To fast is to refrain from eating; having intercourse does not constitute a violation of a fast.
You work in Virginia but live in North Carolina do you have to pay Virginia withholding taxes?
Yes, you do. You have to pay nonresident state tax meaning you earned money in VA, but didn't live there. The only exceptions (due to a reciprocal state tax) would be if you earned money in VA, but lived in District of Columbia, Kentucky, Maryland, Pennsylvania, or West Virginia.
What is justification for theft?
Theft is theft, it is a criminal act committed against another and it can never be justified. In mitigation though, one could ask to be forgiven for example, if food was stolen due to hunger etc.
How common is corporate identity theft?
corporate identity theft is becoming more and more common. The identity theft is no longer only restricted to individuals only. Due the this , FACT act 2003 is also amended to check and prevent corporate identity theft
Is identity theft a common crime in Wichita, Kansas?
Identity theft is a common crime in Wichita, Kansas. Due to the high numbers in the crime, Wichita police have came up with a Theft's Victim Packet that you can find on their website.
