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Why do have to pay in taxes at the end of the year after it has been held out of check?
Wiki User
∙ 15y ago
Part of being a responsible citizen of a country is to contribute to the funding for running the country. This contribution is called tax and to make sure everyone pays a fair amount the country will enact tax laws.
However sometimes the way we earn money in a year is complicated and we have to add up and declare how much money we made in the year (all of it). This is done retrospectively at the end of each financial or tax year.
If when you add up your earnings you find that you have under or over contributed what the law says you should pay in tax, then you must either pay the state what is owed or maybe state must pay you some tax back.
Wiki User
∙ 15y ago
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How long does a person have to cash their taxes check?
You have one year to cash your federal check. Rules on state checks vary by state.
If you filed your taxes last year and got a RAL loan and it was a mistake on your taxes and the bank issued you a overnight check do you owe the bank our do you owe the IRS?
you going to pay back taxes to the IRS
What is the purpose of a pay slip?
A pay slip is the paper that is usually attached to a person's pay check. It shows the earnings and taxes taken out of the pay check. It also shows earnings and taxes taken out year-to-date.
Do yu have to file taxes if you make less than 1200.00?
if u make less than 1200 a year no you dont have to file taxes
What is the primary purpose of a pay slip?
A pay slip is the paper that is usually attached to a person's pay check. It shows the earnings and taxes taken out of the pay check. It also shows earnings and taxes taken out year-to-date.
When will be the tu result of bbs 1st year of Nepal held in the year 2066?
it has been published. go on this site below and check ur result
Can you still REPAY MY PROPERTY TAXES EVEN IF IT HAS BEEN SOLD AT TAX SALE?
Check to see what the period of redemption is in your state. You may have a year to redeem the property by paying the taxes and associated costs and interest.
Why do retired military get a check from your taxes?
They do NOT get a refund from any ones taxes. They only get a refund check from their own taxes if they have over paid their income tax liability for the year.
I WOULD LIKE TO NO HOW MUCH MY TAXES WOULD ON 12,000. PER YEAR NO TAXES HAVE BEEN WITHHELD FROM THAT?
I AM WAITING FOR AN ANSWER.
If you filled your taxes after April 15th will still get a stimulus check?
Pretty sure the only requirement to get the stimulus check is you have to file taxes for last year 2007.
How long does a person have to cash their taxes check?
You have one year to cash your federal check. Rules on state checks vary by state.
In what year was the winter olympic ever been held in North Korea yes or no?
The Winter Olympics have never been held in Korea.
If you filed your taxes last year and got a RAL loan and it was a mistake on your taxes and the bank issued you a overnight check do you owe the bank our do you owe the IRS?
you going to pay back taxes to the IRS
What is the purpose of a pay slip?
A pay slip is the paper that is usually attached to a person's pay check. It shows the earnings and taxes taken out of the pay check. It also shows earnings and taxes taken out year-to-date.
Do yu have to file taxes if you make less than 1200.00?
if u make less than 1200 a year no you dont have to file taxes
Where are the world rowing champs going to be held this year?
This Year the Rowing Championships are been held in New Zealand at Lake Karapiro in Hamilton
You worked 36 years for the state of new york you moved to Texas in 2006 you just learn that you still have to pay federal taxes why?
if you have paid taxes for this long, how can you live on your 31.000 a year retirement check and still pay federal taxes every year?
