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Can taxes be garnished for unpaid secure personal loan?
Generally not
Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
Can a home be sold for unpaid property taxes if it has an outstanding equity loan balance?
Yes, depending on the state, a home can be sold for unpaid property taxes.
You have a credit line and you are told that if you pay off the line over years it is not deductible If you pay it off in the year you use it it is deductible Is this right?
You cannot take any credit card debt or interest as a deductible on your taxes. Credit card debt is considered personal debt and does not qualify for tax breaks.
Can you file banruptcy on federal taxes?
You can't. Bankruptcy does not forgive you for federal taxes.
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
Is gasoline tax deductible on a 2007 individual federal tax return?
No, typically property taxes, real or personal, and taxes paid to states/localities are deductible as a Schedule A Itemized Deduction.
Are payroll taxes at a corporate level deductible on Federal form 1120?
All state and local taxes as well as FEDERAL PAYROLL TAXES are deductible when incurred on property or income relating to business. But, FEDERAL INCOME TAXES are not deductible. and Yea they are deductible on form 1120. Hope tht helps!
Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
Is paying rent tax deductible?
No, not for Federal taxes.
Can mileage from and to a bank to get Cd's deductible from federal income tax?
No, the mileage to and from a bank to get CD\'s are not deductible from federal income taxes.
Can taxes be garnished for unpaid secure personal loan?
Generally not
Is interest paid IRS on delinquent taxes deductible?
No, personal interest is never deductible, regardless of who it is paid to.
Are federal taxes deductible on state taxes?
It depends on the state. For example in California the answer is no yet in Iowa the answer is yes.
Is rent tax deductible in Massachusetts?
Rent for business purposes is deductible from your business income for both federal and state purposes. Rent for your personal use is not federally deductible. There is a rent deduction of up to $3000 ($1500 married filing separately) for Massachusetts state taxes.
Can federal taxes withheld be tax deductible?
You cannot deduct withheld federal taxes on your federal income tax return. There are some states that allow the deduction of withheld federal taxes on the state income tax return.
Can the federal government garnish the total amount of your social security check?
For unpaid taxes and unpaid student loans, yes.
