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What must you do get a tax preparer id number to do federal income taxes?
Wiki User
∙ 13y ago
Why must you receive a Tax preparer ID number to do Federal Income Tax? That answer can be safely implied from (Way do we pay Taxes at all.) The reason is so the Government can keep tabs on you, your whereabouts and your belonging, then tax you at thee end of the year on all assets.
Wiki User
∙ 13y ago
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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.
What do call a person who prepare taxes?
A income tax preparer
Do contract employees serving in a war zone have to pay Federal income taxes?
It depends on your length of stay. If you are out of the country more than 331 (I believe) days, a certain portion of the income is exempt. Any income after that you owe taxes on. Ask your tax preparer.
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
Good Income And Knowledge As A Registered Tax Preparer?
A tax preparer has the advantage of making some good income in this seasonal position. Lots of people need to file their taxes, so for much of the year there is plenty of opportunity. The IRS now requires tax preparers to have a preparer tax identification number -- PTIN -- that can be gotten online. "Knowledge" learned by the tax preparer is intuitive. From a practical understanding of taxes, you get a basic idea if the system is generating profit for the people and if business and government are moving ahead.
Do your race have any bearing on your federal income taxes?
Race does not have any bearing on US Federal income taxes.
What is the federal government's source of income?
Individual income taxes is the federal government's largest source of funds.
Is it legal in MI for the lender to garnish your income taxes?
Yes....but not your federal income taxes.
Can you still file income taxes even though no federal taxes were taken out of check?
Can you still file income taxes even though no federal taxes were taken out of check?
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.
What exactly does a tax preparer do?
A tax preparer will take all of your tax documents such as receipts, W2 forms, and write offs and do all of the math and calculations that are necessary to file your federal taxes.
Largest source of revenue for the federal government?
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
