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Q: What taxes must be paid on a residence?
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If you owe state taxes when are they due?

State taxes must be paid by the April of that particular year. A fine will be incurred should the taxes not be paid, and the length of time they remain unpaid will increase the fine.


When buying a home what are the real estate taxes that must be paid at closing?

When buying a home the real estate taxes that must be paid at closing are typically that of the interest tax for the state as well as what it known as the closing costs.


How much tax must be paid on land sales?

You must pay capital gains taxes on any amount of profit that you receive from the sale of the land. This is around 15%. In addition, there may be local and state taxes that need to be paid depending on your location.


What are payables?

Accounts payable or "payables" are those amounts of money that a business must put aside to be paid for on-going debts.Accounts payable are listed under Liabilities in the company's Balance Sheet.Examples of accounts payable include:Sales taxes payable - sales taxes collected from customers that must be paid to the state department of revenuePayroll taxes payable - amounts withheld from employee pay for income taxes andemployment taxes, and amounts owed by the employer for that payroll and which must be paid to the IRS for withholding and FICA taxesLoans payable and mortgages payable - total amounts due, and amounts currently due for loans and mortgages


You worked in another state and paid taxes in the state you worked in do you still need to file in Alabama?

You file in each State of residence...and any you make money in. The income is divided between them all.

Related questions

Are property taxes guaranteed paid before transfer of deed?

No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.


If you owe state taxes when are they due?

State taxes must be paid by the April of that particular year. A fine will be incurred should the taxes not be paid, and the length of time they remain unpaid will increase the fine.


What type of tax must be paid if owning a home?

Property taxes or real estate taxes on the home that is owned.


When buying a home what are the real estate taxes that must be paid at closing?

When buying a home the real estate taxes that must be paid at closing are typically that of the interest tax for the state as well as what it known as the closing costs.


Do property taxes go up on your primary residence if you buy a 2nd home?

They are independent properties and there should be no effect on taxes on the primary residence as long as it continues to meet the requirements for a primary residence.


How much tax must be paid on land sales?

You must pay capital gains taxes on any amount of profit that you receive from the sale of the land. This is around 15%. In addition, there may be local and state taxes that need to be paid depending on your location.


What taxes must be paid if you surrender your life insurance policy?

The short answer is, unless the amount of cash value in the contract exceeds the amount of premiums paid into the contract, no taxes will be due.If the policy is a "MEC", then taxes will be due."MEC's" occur when a policy is paid for with a one time, lump sum premium.


What are some taxes paid in the US?

Some taxes hat are paid in the U.S is: taxes for laws, for money, and some paid for child care


Is it legal to own a fully automatic weapon?

In America, yes. You must have the proper paperwork and taxes paid.


Who paid taxes Colonists or Tories?

Colonists paid a disproportionate share of taxes.


Does someone from another country that come to the united states have to pay taxes?

If the someone works in the US then taxes must be paid for working. Food, gasoline and other stuff have unavoidable taxes in them already.


Can I get out of paying my back taxes?

Paying taxes varies by your income bracket and the state that you live in. Any taxes that you do owe must be paid to avoid your wages being garnished and other harsh penalties.