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What of the following is a corporation that does not pay any federal income taxes?
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What is a corporation that does not pay any federal income taxes?
S corporations
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
When are taxes do?
Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.
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.
Is a corporation that does not pay any federal income taxes?
S corporations
What is a corporation that does not pay any federal income taxes?
S corporations
Identify the several different taxes by which the Federal Government raises revenue?
The Income Tax. The Corporation Income Tax. Social Insurance Income Tax. Excise Taxes. Estate and Gift Taxes. Customs Duties.
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
When are taxes do?
Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.
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.
Corporation had no income do you have to file corporate taxes?
Yes
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?
How does double taxation of a corporate income occur?
Income to the corporation, as a legal "person", is taxable against the corporation. When the treasury pays dividends from its income to its shareholders, the dividend is taxable again as "income" to the shareholders. A "subchapter S-corporation" avoids this by skipping the corporate taxes and directly taxing the shareholders for any corporate income.
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.
