Legally yes.... you have to file taxes if you are paid in cash...
Many times even cash payments are reported to the IRS via a 1099 form that the person/employer who paid you the cash will file,you would receive these 1099 forms just as you would the W-2 forms for standard taxes....
If you receive no 1099 form then you have to file as self-employed and still report your income.....
instead of turning in a w2 you would have to state your income.if you're paid in cash or check with no deductions you will have to pay on taxes that were not withdrawn.
did you cash in the 401k? taxes would already be taken out if so. but you do have to do it again when tax season comes about. they won't make you pay more but you have to show it
file it dam you will get all that you paid in to federal and yes you have to file your taxes period
Call the IRS 800-829-1040.
A 1099 is a tax form used to report and pay taxes on income other than wages and salaries. Such income could include interest or dividends paid you from your investments or work you contracted to do. Taxes are bit calculated and paid for income from 1099's which means it is your responsibility to pay them when you file your taxes. And YES you do have to file them.
instead of turning in a w2 you would have to state your income.if you're paid in cash or check with no deductions you will have to pay on taxes that were not withdrawn.
did you cash in the 401k? taxes would already be taken out if so. but you do have to do it again when tax season comes about. they won't make you pay more but you have to show it
file it dam you will get all that you paid in to federal and yes you have to file your taxes period
Taxes paid is part of cash book or cash flow statement and tax expense in income statement and tax payable is balance sheet item.
Rent has nothing to do with how you file your income taxes, nor does who pays rent. If you are single you will file your taxes as single.
Yes you can.
Call the IRS 800-829-1040.
Amish are always paid cash and cash only. They do not have bank accounts and do not work for employers who pay via check because they do not complete any yearly taxes.
No you do not pay any taxes on it but the estate may have already paid taxes if the estate is large enough
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.
A 1099 is a tax form used to report and pay taxes on income other than wages and salaries. Such income could include interest or dividends paid you from your investments or work you contracted to do. Taxes are bit calculated and paid for income from 1099's which means it is your responsibility to pay them when you file your taxes. And YES you do have to file them.
Net of taxes refers the amount after taxes are deducted. To figure these out, take the total cash from a sale or gross profit and subtract the amount of taxes that were paid from it.