According to IRS any net income from any source is taxable which also includes if you are self employed. Please check your taxable income by visiting any of the IRS web sites or a web site like www.cpasitesolutions.com/content/calcs/TaxSelfEmployment.html
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
Yes, even if your company is failing you still need to pay taxes. Unfortunately, everyone is required to pay taxes despite debt.
Sure you do still pay your share of the FICA (social security and medicare) (OASDI) taxes on your earned income as long as you are providing your services to earn the income and are still breathing.
yes
No. EBITDA is a measure to simulate operating cash flow. If you have no earnings or profits you will not pay Income Taxes, but you are still required to pay payroll taxes and other taxes such as property and franchise taxes
Yes, the day you register it, you will pay taxes.
Of course, every citizen had to pay taxes. Since the Loyalist were considered a "colonist" they still had too .
If you have a job you are legally required to file taxes. Your employer's responsibility is to take the taxes out of your paycheck and "pay the man," as it were. If your W-2s reflect taxes paid to the Gov't, you are in the clear - if you file.
first locate a disability and tax advisor or tax lawyer.they will be able to tell you and advise you ways the IRS wont
Sence everyone that gets a pay check pays taxes you should to. You call urself a loyalist, but you are asking why you should pay taxes? You dont sound to loyal to me. I hate paying taxes too but still got no choice. So pay them or work under the tabel get money any why you want, but if you get a pay check then your paying taxes.
yes....
Any person who has taxable income has to pay taxes.